If you’re trying to pick the next big thing, here are six up and coming industries you may not have considered.
When you think about starting a business, chances are trampoline parks don’t immediately spring to mind.
But there is money to be made in this up and coming industry. Just ask FlipOut founder Ben Grundy, who opened his first jumping centre in a Penrith car park in early 2013 and now has 21 centres across Australia.
Flipout turned over $11.7 million in 2013/14 (just its second year of operation), and is in the process of building a number of international parks.
Love them or loathe them, there’s no denying that the bearded look is very much in vogue at the moment (for the guys at least). But the trouble with growing a bird’s nest on your face is that it requires a significant amount of maintenance to keep it looking its bushy best.
Enter the beard care business. Companies like Milkman Australia are looking to capitalise on this hair raising trend by selling products like beard oil, beard shampoo, special beard combs and moustache wax to beard aficionados everywhere.
Dog Alternative Remedy
If you live in Sydney, you’ll have seen the latest craze of dog yoga, or ‘doga’ classes in Bondi. There’s also dog acupuncture, massage, homeopathy, and herbal treatments, giving pooches an all-round holistic approach to life and health. It’s said to be good for bonding with your pets and helping them relax, too.
So if you love dogs and are interested in alternative medicine, it seems like there are no limits to what you can do.
Sounds ridiculous, but this is actually a thing. Snake venom is used in lots of drugs, including anti-venoms. Australia has the world’s top 11 most venomous snakes, and brave people need to collect venom from snakes by hand.
Snake milkers expose the snake’s fangs and squeeze out the venom. And apparently, they don’t use gloves because they affect the dexterity of their fingers. Crazy stuff.
Artificial Grass Installation
This industry has really taken off in the US, with 2014 industry revenue of $1.1 billion. Its projected annual revenue growth between 2015-2017 is 13.1 per cent, indicating a huge opportunity for fake grass fans out there.
In Australia, the statistics are few and far between, but according to a Fairfax Media story, demand for artificial turf is high among families with kids, dogs or trampolines, which all make it difficult for grass to grow. Watch this space.
Traditional coffins are expensive, well-crafted items that no doubt continue to be expensive and well crafted for centuries six feet under the ground.
Eco coffins, on the other hand, are made out of recycled cardboard and plantation timber veneer, offering a cheaper, more environmentally friendly alternative to burial. An eco coffin breaks down more quickly once buried, allowing you to return to the elements more quickly as well.
They also take less energy to burn in a cremation scenario. Other big hits in the coffin industry include hand woven caskets and ‘design it yourself’ creative coffins, too. Who knew?
Main pic: Steven Belcher via Flickr.