Future-proofing is anticipating what lies ahead and developing ways to minimize future events’ adverse effects. It helps companies meet their long-term aims and succeed in the long haul, regardless of the changing market trends and demands.
Future-proof businesses adjust to constant market changes and opt for the latest and most innovative methods. As a result, they tend to thrive as a business entity and stay ahead of the curve.
If you’re considering starting long-lasting and lucrative ventures soon, you’re in the right place. Here are some promising future-proof business ideas you may want to try this 2022 and beyond.
Monetizing Social Channels
Capturing and keeping others’ attention is now considered an asset in today’s connected world. As a result, many companies are willing to pay you to build an audience, making it a good small passive business with multiple revenue streams.
Regardless of any social media site, there are several ways to monetize audiences. Such methods include becoming an influencer, doing sponsored posts and blogger outreach programs on behalf of brands, or selling physical or digital products.
Other sites will even pay royalties for old video content, especially if it has been monetized or claimed by an advertisement. It’s a future-proof business idea where effort is only made once, but its benefit is for a lifetime.
Real Estate Business
Despite being the biggest asset class, the real estate industry ensures income, appreciation, and stability, making it a great future-proof venture. Its biggest advantage is generating recurring rental income and dividend distributions, especially in private equities.
Moreover, real estate investments come with asset value growth, typically increasing faster than the inflation rate. Since it acts as a hedge against inflation while continuously producing transparent income streams, it’s among the least risky investments.
E-Commerce
The e-commerce industry is now considered the retail market of tomorrow. It’s valued at billions of dollars and is expected to increase even further since most interactive experiences are now turning digital and online.
E-commerce business is very flexible, scalable, and profitable. It’s seen to have a higher return on costs as well. Additionally, it’s easier to run even without much human contact. Hence, its survival isn’t difficult even during inflation and a bad economy like the one we have today.
Schools of The Future
With rapid technological advancements, school institutions must shift traditional learning content and experiences toward future needs. This concept is now commonly called “the school of the future.”
The school of the future focuses on educating people about artificial intelligence (AI) and the latest technologies. There’s a burgeoning demand for technical skills, so many will continuously seek these technology-focused schools sooner or later.
Consulting Companies
The global consulting sector is among the biggest and most mature markets in the professional services industry. Consultancy businesses have become high in demand these days due to the rising complexity in the business field caused by growing competition in the industry.
A consulting firm doesn’t merely explain general topics, such as the difference between bonds and loans, in any area of business expertise. Instead, their goal is to offer clients professional insights on building actionable strategies to maintain their companies’ profitability and stability.
Peer-to-Peer Lending
Peer-to-Peer or P2P lending demonstrated a CAGR (compound annual growth rate) of 28.1% from 2021 to 2027. The latest figures show that its market is forecasted to earn as much as US$ 525.3 billion by 2027.
Statistics show that P2P lending companies can earn interest anywhere from 10% to 12% yearly. That’s why investors and business owners use it for portfolio diversification and profit booking.
What makes P2P lending a future-proof business is that it’s run on an end-to-end digital platform. They’re not associated with equity markets, protecting investors from unprecedented market fluctuations, yet helping them gain market-beating yields.
Decarbonized Products and Services
The increasingly adverse impacts of global warming have resulted in the urgency of global decarbonization. To protect and preserve our planet, companies, and governments worldwide embraced the climate movement called “net zero emissions.”
As its name implies, net-zero emission encourages reducing all man-made greenhouse gas emissions, ideally close to zero. It aims to achieve an overall balance between greenhouse gas emissions produced and taken out of our atmosphere.
Although its market is still young and small, it has been attracting buzzworthy investment interests. Statistics show that there are currently around $100 trillion in investment opportunities for this.
Since climate transformation takes time and this decarbonizing concept has become a compelling commercial opportunity, decarbonizing products and services can be future-proof business ideas. Even analysts are now calling it the greatest commercial opportunity of all time.
Final Thoughts
When future-proofing your business, it’s crucial to focus on growth instead of fear. Going digital, testing out new marketing strategies, and exploring hybrid workplace models, are just among the necessary steps to achieve the needed growth. Be opportunistic and use all the possible changes ahead to your advantage.
