Do you want to incorporate it in the US but don’t know where to start? Whether you’re a creative entrepreneur or unsure where to turn, this list of industries will give you some ideas.
So whether you’re looking to start a business in one of these industries or want to understand them better, read on.
E-Commerce
There are many reasons why e-commerce is one of the best industries to start a business in the United States.
- E-commerce is one of the fastest-growing industries, with projected sales to be $58.74 trillion by 2028. And the growth is not just restricted to online retail. E-commerce also expands into physical retail locations, such as malls and stores.
- E-commerce businesses also have a low startup cost. Although e-commerce businesses can be expensive to set up, they don’t require a significant investment. The average e-commerce business startup costs $8,000.
- Another essential benefit of starting an e-commerce business is the potential for high income. According to research, e-commerce websites will account for over 22.3% of the total $6.51 trillion online retail sales by 2023.
Media
The media industry is one of the best industries to start a business in the United States. Whether you’re into journalism, advertising, or producing and distributing content, there are countless opportunities to get involved in the media industry.
There are a number of reasons why the media industry is so good for business.
- The market is incredibly lucrative. The media market revenue will be $433 billionin 2022, most of which will be generated in the US. That’s money and will only grow more extensive in the future.
- A highly competitive media industry. There are a lot of talented journalists out there, and the competition to get your content seen by the public is fierce. This means that you must be creative and innovative to succeed in the media industry.
Technology
Technology is one of the best industries to start a business in the United States. Not only is the technology market proliferating, but there is also a great deal of opportunity to get involved in the sector.
- According to a report, the technology market is expected to reach $1.8 trillion in 2022. This means that there is much room for businesses to get involved and succeed.
- In terms of market potential, there is much room for businesses to grow. For example, worldwide IT spending is expected to grow by 5.1% in 2023. This means that there is much potential for companies to get involved in this sector.
Digital Nomads
Being a digital nomad is also a good business in the United States. There are several reasons for this, but the chief among them is that digital nomads are skilled at working from anywhere in the world.
This means that digital nomads are in high demand by companies worldwide. Because they can work remotely, they’re not tied to any location and can quickly move to new opportunities when they find them.
Digital nomads also have much experience working online. This means they’re well-suited to starting a business that relies heavily on online marketing.
Sustainability
Regarding sustainability, there is no doubt that the United States is one of the best countries to start a business in. With a population of over 332 million, the US has much potential to become a leader in this field.
One reason the US is so good at sustainability is that the country is so large. This means that there is plenty of room for businesses to grow and much demand for sustainable products.
Plus, the US has a long history of being a pioneer when it comes to environmental and sustainability issues. This means that a lot of knowledge and experience can be tapped into, which is a valuable asset for businesses.
Blockchain
There are several reasons why blockchain is one of the best industries to start a business in the United States. Here are four of the biggest:
1. Blockchain is disruptive
Unlike many other industries, blockchain is constantly being disrupted. New startups are coming up with new ways to use the technology daily. This means that there is always room for new players in the market.
2. There is a massive potential for growth
There is much potential for growth in the blockchain industry. The market could be worth as much as $20 trillion by 2025. That’s much money!
3. The market is snowballing
The blockchain market is multiplying. Over the past year, there has been a 25% increase in investment in the blockchain industry. This means that there is much interest in this technology.
4. The payoffs are enormous
There are some enormous payoffs for businesses that invest in blockchain technology. For example, it could help them cut costs and improve their operations. It could also help them improve their customer relationships.
Suppose you’re looking to start a business from anywhere in the world. In that case, Workhy offers an efficient, online company formation solution for foreign companies in the US – so you can establish your business without traveling there. In addition to company formation, we also offer EIN & ITIN application, tax return preparation, online bank account opening, and registered agent services on behalf of our customers.