With the implosion in full swing, should you even attempt entrepreneurship, let alone a new business launch in 2016?
My answer? Unquestionably yes.
In this article, I've suggested a few of the businesses I think are going to be hot in 2016. While tech may be on the decline, the world always has room for sizzling hot, innovative products and services.
Here's how you can own a piece of the action.
One of the latest and most intriguing disruptions has happened in the dating scene. A person's love life is a personal thing, but that hasn't kept Tinder users from sharing secrets and meeting new people.
Some people even create invisible boyfriend services.
People go crazy when it comes to romance. The love industry is open for business.
2. Marketing Consultancy
There are plenty of people with a vision and some hustle who want to start a business. What many of those people lack is marketing savvy.
Today's digital marketing world is vast and complicated. It's also a gateway to success. Between the intricacies of social media velocity and the mysteries of growth hacking, business owners have no clue where to start.
How can you help them? Tell them exactly where to go and how to do it. These wannabe startups don't lack in drive and determination; they just need someone to consult with who will show them how to do marketing right.
3. Delivery Options
Listen in on any boardroom strategy session (Google, Amazon, Walmart), and you'll probably hear people griping about delivering products.
Startups in this space are having a hard time working both sides of the aisle: recipient and provider. The delivery scheme is ripe for disruption. Someone needs to come in and shake off the shackles of the transportation stalwarts and the entrenched courier services.
Drones will undoubtedly make a difference, so harness the potential and develop a lasting solution.
4. 3D Printing
3D printing design and innovation is swinging upward and growing in popularity. Most of us don't have a 3D printer sitting on our desktops right now, but many predict that's where we're headed.
If that's the case, now is the time to jump in on the action. You can sell 3D blueprints, plans, delivery, fulfillment, and other related services.
Self-published books are a known business idea. Increasingly, however, people want to listen to books.
Amazon's Audible has already made a killing off this service. It is gradually becoming a leader in this space. However, there is still room for other startups to get in on the action. Narration services, print-to-audio services, consulting businesses, and other methods of producing audiobooks are great options to explore in 2016.
6. Educational Products
People have always been willing to pay for education. Take university education as an example. A public four-year college costs around $20,000, and a private college can fetch a price tag of $50,000 per year.
In spite of the shockingly high prices, people are willing to shell out the money, year after year. Why? Because a college education is worth it.
Well, most of the time it is; some disagree, and with recent innovations in the education space, the traditional college model is being dismantled or downright disrupted.
Behind this disruption are startups like Udemy and Teachable, all of which allow people to share their knowledge and profit from it.
You don't need a platform to sell your knowledge. You can self-publish a book, create a video coaching session, or teach others how to make money.
Entrepreneurs Justin and Tara Williams learned how to make millions flipping houses. They turned around, created an online course, and are now making even more by telling others how to do the same.
Even a guy like James Swanwick was willing to shelve his promising career as an ESPN anchor to tell people how to quit alcohol. People pay $67 a month to learn from James's videos and be part of his closed Facebook group.
People will pay to learn a new skill, shape their lifestyle, make new money, impress friends with their knowledge, and change their life in substantial ways.
If you have something to offer, then start teaching.
7. Content-based Websites
I've been experimenting with content-based sites for a long time, and recently, I've nurtured several small blogs into big-time businesses. The effort required to produce such a blog is pretty significant, but the passive payoff is huge.
Great content is your service, and affiliate links and ad space are the revenue. The model has worked for a long time, and it continues to be effective as people rely on the Internet as their primary information source.
This list hardly scratches the surface because the possibilities are bountiful for 2016. They are real, tangible, and ready for the taking.
I'm excited to explore several new business opportunities in 2016. What are you going to try?