by Lina Martinez
As technology evolves at an electrifying speed, it offers numerous ways for you to make your fortune. The current trends highlight the capital available if you know what you’re doing. However, if you want to make your fortune in 2020 and beyond, it’s not the current trends you need to be looking at.
Businesses and entrepreneurs become successful by predicting how the future will be shaped. If you can get in on the ground floor, before a trend really takes hold, then you can make astronomic profits. To find out how you can make your fortune in 2020 and beyond, take a look at these possibilities…
1. Solar energy
Solar panels are already being used commercially and by homeowners. The latest tech innovations mean that it’s going to become even more productive in upcoming years. As the increasing demand for clean energy grows, providers of solar panels and related equipment will stand to make big bucks.
While public attitudes towards climate change are evolving, more and more people are demanding an alternative to gas and coal. Furthermore, the price hikes from energy provides are leaving everyday consumers searching for something cheaper. Combined with potentially higher taxes on fossil fuels, and there’s a perfect gap in the market. Getting in now could mean you’re ready for the big solar power boom that’s predicted to be coming.
2. Logistics
The use of the internet and changing consumer behaviors have revolutionized the world of logistics. Consumers now expect to be able to access fresh produce from anywhere in the world, and it’s logistics firms that are making this happen.
Of course, there has been significant evolution that has made today’s logistics possible. However, more changes are to come. Already we’re seeing a raft of new trends sweeping into the industry. Multi-temperature capabilities mean that shipping frozen fish by plane is growing, for example, while lower tariffs are making it cheaper to transport perishable goods across borders.
The internet has introduced convenience shopping and they’ll be no going back. In fact, consumers are expecting more convenience than ever before. With the logistics industry predicted to grow by at least $5 billion by 2025, it’s easy to see who’s making money from this changing trend. Entering the market now could mean you’re well-placed to reap the rewards of a flourishing sector.
3. Car sharing
Some car-sharing businesses have already launched but there are more on the way. Although many people enjoy the freedom owning a vehicle offers, it’s increasingly expensive to maintain a car or track. Combined with the use of public transport in major cities and the environmental impact of vehicle ownership, people are using their own cars much less than they used to.
Many car owners cite heavy traffic and high expenses as factors in whether or not they’ll continue to purchase their own vehicles in the future. Car sharing can solve consumer issues by reducing traffic on the roads, minimizing vehicle pollution and making it far cheaper to access a private vehicle when you need to use one.
Entrepreneurs who build a profile in this industry will have the opportunity to steer the sector as it continues to evolve. If you combine the new car-sharing theory with the increasing demand for electricity-powered vehicles, you can enhance your success even further.
How to make your fortune
Being successful isn’t always about doing what’s popular now. Emerging trends and new industries can enable you to make money in the short-term and set you up for the foreseeable future. Of course, it isn’t always easy to predict what the future will bring – but this sets successful entrepreneurs apart from the rest of mankind.
Not only do intrepid entrepreneurs predict how our industries will change; they make it happen. If you’re a budding inventor, for example, you may introduce new technology which revolutionizes an industry. If you’re a creative seller, you might create a new form of online marketing which changes the way businesses capture online leads. Perhaps you’re talented when it comes to seeing a trend and identifying which ideas will stand the test of time?
Whatever your talents, you can make your fortune in 2020 and beyond by staying ahead of the markets and successfully predicting upcoming changes in consumer attitudes. If you know what customers will want in 2020, you can start creating a plan to deliver it now, and those who do so successfully will be sure to reap the rewards.