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Best Business Niches for Millennial Bosses

Millennial magazine - business niches

The business sector has seen a massive surge in popularity in the recent years. Millennials in particular are partially responsible for the recent innovations that the industry has gone under. Because of their zeal for convenience, millennials have made it very easy to open a business of any kind. In this article, we’ll be covering some of the best business niches for millennial bosses.

App Building

In this day and age, many things have become digital. So much so, we’re able to accomplish tasks from the comfort of our smartphones. How we do it is through the use of applications. These apps, however, aren’t as simple as they are to use. They take time, money and effort to create. Funny enough, it’s one of the most bustling businesses among millennials. If you’re someone who’s tech savvy, an app building business might be the best option for you. This particular business can yield a huge profit as app development does cost a lot of money to do.

If you decide to go this route, you want to start off on the right foot. Opening a business of any kind requires a lot of time and resources. A great way to acquire the finances you need quickly is to take out a small business loan. This loan is used to help small business owners get their feet off the ground. They also come with other benefits to help borrowers succeed in the business world. These benefits can include a broad support network and professional coaching. Lenders may also provide additional resources for you to use.

Graphic Design

Another career that’s seen a lot of attention is graphic design. Graphic designers are people who sketch, plan and create various designs and imagery. Businesses in particular hire these people to help with their advertising and brand development efforts. However, graphic design can be a little difficult learn by yourself. You’re going to need get some hands-on experience, which is something you can get from a college degree.

Alternatively, you can also learn how to use programs such as Adobe Photoshop from various online tutorials. Something else you should keep in mind is that this career field is a bit more competitive than others. You need to execute your skills flawlessly to maximize your chances of being hired.

E-Commerce

E-commerce is a niche where people create fully functional online stores for profit. They purchase items, like collectibles, vintage trinkets, clothes, and technology, and sell them through an online store. This field in particular is why business has become mainstream. These days, pretty much anyone can open an e-commerce store and sell products. But it won’t go far without the appropriate amount of attention.

Owning an online store is almost no different than a regular one. You need to have an idea in mind, a niche, a relatable brand and an enticing name. Then, you’ll have to go on social media and connect with your target audience. See what’s currently trending to get an idea of what you should offer. If you want to go the extra mile, you could invest in a small supply chain. That way, you’ll always have merchandise to sell.

What do you think?

Written by Britt Hysen

Britt Hysen is the Editor-in-Chief and founder of MiLLENNiAL. In response to the branded ad campaigns absorbed by the media platform, Britt launched Kreativ Ctrl, a full-service marketing agency specializing in experiential programming and strategic partnerships.

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