What Will Boom? - 2018-2023

[DKNJ]

Maybe inpatient and outpatient drug rehab programs. There's the opiate epidemic currently going on and marijuana getting legalized. People say marijuana is a "gateway drug". So I can imagine that there will be more drug addicts. Hopefully not but if so, I can imagine a need for more rehabs.

 

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[BeFound Faithful]

Metamaterials such as graphene may become big. You could try to become a graphene tycoon the way Andrew Carnegie was a steel tycoon.

Quantum computers may become big too. There was a recent breakthrough in quantum computing.

A New Breakthrough in Quantum Computing is Set to Transform Our World

Scientists May Have Discovered a Sweet Way to Mass Produce Graphene

Graphene...crazy stuff

 

[ExcelGuy]

VR Is the Fastest-Growing Skill for Online Freelancers
Reported by UpWork, no less. Those things are going for 1k/job minimum.

Woohoo I'm in the LMS field. Sort of. [emoji1]

 

[ExcelGuy]

BTW if any of you are interested in learning about VR and other relatives from a fictional standpoint, I highly recommend Neal Stephenson's Snow Crash, and The Diamond Age.

The Diamond Age

Snow Crash

And anyone interested in VR technology should read Virtual Reality by Howard Rheingold. And of course Neuromancer.


Sent from my SM-A500W using Tapatalk

 

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[Justin1999111710]

Food delivery services. When I started working at the local company I work for 3 years ago we were the only restaurant delivery service in the area. Now big companies like Uber and door dash are moving in. People are becoming more introverted and leaving there homes less. They would rather push a couple buttons on there keyboard and have the food brought to them then go out and deal with people.

Does anyone have any suggestions on how to "sell shovels" for this industry I know if I wanted to I could start my own service but i would still have to deliver everyday. Right now I work 70 hours a week literally every hour the company I work for is open. The reason for this is it's impossible to find reliable employees interested in this kind of work. I've seen so many new drivers come and go. I'll be told they hired someone new and I can have one or two days a week off. Then I get the call saying they quit with no notice and I'm back to 7 days a week. If I start my own service I would have the same issues.

 

[Jimyy]

Old age care, look at western age demographics

Lithium and cobalt for battery cars and teslas battery houses, this one is already booming

Copper, world doesn't have enough. Same with silver and gold, not going to help you in the next 10 years though.

Tendering for crude oil, will change up the whole market.

 

[Koen_88]

I think in the engineering field
Machine Learning
Big Data
AI
Internet of Things
VR/AR: how to better communicate your idea's/portfolio to a customer close or far than VR/AR

In the Netherlands houses built after 2020 have to be energy neutral so that's allready an upcoming market but will have to be by 2020.

And I think the revamped "retro" games / toys from the 90's and 00's will be popular too

 

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[Christopher777]

I believe any tool that will empower the individual will keep on rising off the charts. Bitcoin, AI, Ecommerce, 3D printing, mobile apps, -- all sorts of stuff that help an individual to create and work with others.

 

[Rincewind]

If you want to invest some time, you should read "The Inevitable". The author describes 12 major developments that are very likely to happen within the next years.

I read it last year and it opened my eyes to some developments already on the way.

 

[bringitnow28329]

Alot will 'boom'. Two that come to mind. 3d printing. Alternative building materials. Just my approach on it. I see alot of oppurtunities. Hope that gets it rolling a little.

Legal weed, electric cars, 3d printing, robots and automation.

 

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[TheNewRich]

In my humble opinion.

1. AI
If we look at the recent accomplishments of AI beating the best pro players in the world in games like Dota and the board game GO which is highly complex and difficult to master. The AI was using feints and other strategic maneuvers to bait and trick the Human player.

Elon Musk on open AI-

Games like DOTA are “vastly more complex than traditional board games like chess & Go.” This is completely true. Real-time battle and strategy games like Dota and Starcraft II pose major challenges that computers just can’t handle yet. Not only do these games demand long-term strategic thinking, but — unlike board games — they keep vital information hidden from players. You can see everything that’s happening on a chess board, but you can’t in a video game. This means you have to predict and preempt what your opponent will do. It takes imagination and intuition.

Even more exciting, said OpenAI, was that the AI had taught itself everything it knew. It learned purely by playing successive versions of itself, amassing “lifetimes” of in-game experience over the course of just two weeks."

 

[Jake]

It seems like for folks with some money they don't mind burning on speculation there is huge potential for cryptocurrency.

Bitcoin went up $1000 in 1 week the other day. Just... just nuts.

I remember when it was a huge deal for it to go up $10 a day. And it was!

I wonder if (name redacted) and others are still laughing

Edit: and Autonomous Agents running off of bitcoin

 

[lowtek]

Even for fields like law, medicine and engineering? Totally agree for business, arts etc

There is zero reason you need a human to practice law or medicine. These will be taken over by AI within the next decade, at much lower cost, fewer mistakes, and better outcomes.

 

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[million$$$smile]

Blockchain technology

 

[PetePreneur]

My bet is on VR/AR for the next 5 years and they'll be used in helping the online retail experience be better- Aswell as entertainment obviously.

The 5 years after that will be 3D printers and it will all come together to make online retail take up like 90% of the market, instead of the 15-20% it currently has.

 

[DistantPattern]

Plastic-Free will be the next big Removement selling point

 

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[GetShitDone]

Guys, all incredible replies.

I've noticed something. Lot's of tech (which makes lots of sense to me coming from a tech start up background).

QUESTION:

What do you think the main opportunities/strategies are for start ups/fast-laners in these "boom industries", given large corporates are spending massive amounts of resources on dominating them?

 

[PetePreneur]

Guys, all incredible replies.

I've noticed something. Lot's of tech (which makes lots of sense to me coming from a tech start up background).

QUESTION:

What do you think the main opportunities/strategies are for start ups/fast-laners in these "boom industries", given large corporates are spending massive amounts of resources on dominating them?

For VR/AR the main opportunity for us normal folk will be cheaper adverts when they first roll it all out. We might also want to think about how we could integrate it into our online retail stores as early as possible to catch customers that want that.

The 3D printing will be similar. Just do it early, so you get a wave of customers that want it.

 

[SirPsychoSexy]

Sexrobots.

 

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[jon.M]

I suspect everything for older people will boom.

• Toilets, chairs, phones, cars, homes, cities? Gotta make them more suitable for stiff and tired elders.
• Newspapers and websites? Gotta make them easy to read for someone with presbyopia.
• Diets and supplements aren't going to be aimed at that kid who wants a six pack, but towards the 60-year old grandfathers and grandmothers who's got the ca$h to pay well for feeling better and more energized.

Our population is growing, and those with the grand money are the old.
Everyday I see something that could become more elderly adapted.
How can you help them?

 

[Shepherd]

This is already happening. A friend of mine has created sort of "plug and play" weed farms. The state has very tight regulations as to how much weed can be grown by one person, and how the growing spaces are to be separated, so he bought a decrepit warehouse in Michigan, then built little farm "boxes". Each has cameras to monitor remotely. Then he recruits people to be "farmers" and basically just takes a vig on every crop. It's gonna be yuge.

I think there's a market for a weed growing MLM if executed correctly.

As someone who is involved in crop farming and has significant acreage in a state where growing is currently illegal, I often think about how to position my farm in the event of legalization.

 

[EricFromCanada]

Within the next 5 years, what industry do you think would boom?

One thing that may take off soon is smart speakers with things like the Amazon Echo, Google Home and now Apple's HomePod coming out. Although I'm not too sure what business opportunities lie in that.
Also Apple is releasing iOS 11 in the fall and with that most iPhones will be able to run it's AR Kit, which it released in June for developers.
This twitter page shows some of the uses and apps made with the AR Kit that are likely to be released as apps in the fall: Made With ARKit (@madewithARKit) | Twitter

The one thing I'm betting on though is VR, which I think will have one of the biggest impacts in the coming years but will probably take longer then people think. It will probably take 5-10 years before it starts gaining mass adoption.

Here are two graphs I found that show the expect growth of VR by 2020.

 

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[Eskil]

VR and Augmented Reality for sure. I've been saying this for a few years now but man...
- There will be hardware innovations in this field (comfort, price, quality of experience, immersion) that will bring it even closer to the masses, making it more accessible for most
- There will be an app software boom in this field similar or bigger to what we saw 10 years ago in the smartphone app field. Think not only B2C but also B2B.
- Just in games and entertainment alone, there will be boatloads of money made. And not little tugboats. Frikkin' ginormous tanker boats.

I've already starting writing my next provisional patent for a device in the VR space and I definitely want to be part of this early on.
(Had an idea for a augmented reality headset many years ago too but Microsoft Hololens beat me to that one, lol)

I forgot to add; My son just recently bought an Oculus Rift so I've been playing around with it quite a bit. Man oh man is this stuff FUN!! Every time I put it on, I literally get at least 5-10 new and different ideas for things that can be done with it, and I'm making notes.

 

[MidwestLandlord]

I suspect everything for older people will boom.

• Toilets, chairs, phones, cars, homes, cities? Gotta make them more suitable for stiff and tired elders.
• Newspapers and websites? Gotta make them easy to read for someone with presbyopia.
• Diets and supplements aren't going to be aimed at that kid who wants a six pack, but towards the 60-year old grandfathers and grandmothers who's got the ca$h to pay well for feeling better and more energized.

Our population is growing, and those with the grand money are the old.
Everyday I see something that could become more elderly adapted.
How can you help them?

Speaking of older people, the business of death is already booming, and will continue to grow as the US, Europe, and Japanese populations continue to age.

Big changes to the industry as the environmental zealots get their hands on it too.

I think this industry is ripe for some serious innovation, and is just about the least sexy industry you could be in, which I think is a good barrier to entry.

 

[ZF Lee]

Speaking of older people, the business of death is already booming, and will continue to grow as the US, Europe, and Japanese populations continue to age.

Big changes to the industry as the environmental zealots get their hands on it too.

I think this industry is ripe for some serious innovation, and is just about the least sexy industry you could be in, which I think is a good barrier to entry.

My hometown's the go-to place for retirees. It's homely, not so urbanised, and well kept compared to other states in my country.

That's why it's going to be my next venture after my first Fastlane success. I'm betting on real estate and support services. The lifetime value of older people as customers might be actually higher than we expect it to be because of medical advances (and organic food and health products lol).

I have often considered the cremating and funeral wake services fields to be quite lucrative...but any present monopolies might be hard to override if you want to go Fastlane on that from scratch lol. Ah, the benefits of a brick-and-mortar biz

And don't forget Slowlane retirement investment providers...they'll be making coin even from the beginning of the average person's working lives.

 

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[Cruze]

I'm sure that security in real life & cyber security will boom in the next years.

 

[7.62x51]

If you know some stock is about to experience huge growth soon, would you post that knowledge on a forum full of stock traders?

Few people saw the internet coming, the app revolution or the housing crisis.

Even those who did see the big changes coming weren't sure about them.

I personally think it's better to accept that the future is uncertain than to become overly invested in whatever is trendy today.

 

[ZF Lee]

If you know some stock is about to experience huge growth soon, would you post that knowledge on a forum full of stock traders?

Few people saw the internet coming, the app revolution or the housing crisis.

Even those who did see the big changes coming weren't sure about them.

I personally think it's better to accept that the future is uncertain than to become overly invested in whatever is trendy today.

You are right.
However, it is not that we hope on the one big thing for our success. That might be akin to the 'I don't need F*cking work' falsity preached in mainstream circles.

If you noticed, the present big giants of the Internet weren't the first. They were the second, third, tenth or even hundredth. There were many others before them, both successful and failures. But one thing was certain...the first ones were the pioneers who set up models for everyone else to follow and modify.

Moneychasers will just follow the status quo on what was validated and generally agreed on market dictation. Fastlaners will strive to upgrade and make better.

I think the best certainty we can trust in is in the many problems that lie before us. Problems are what will determine which field will become in demand for the solutions that can be found within them. In this case, the Internet boom could be anticipated because of the problems of population boom and economic growth that required a superb information delivery system. That is, if people actually paid attention to problems.

Apps are just their mini-cousin. Stuff gets smaller because people hate baggage. And apps are merely programs. The real genius in apps is that a more open marketplace was created for ordinary Joes to contribute rather than just Silicon Valley geeks, via the App Store.

The housing crisis isn't very surprising, to be honest. There were a lot of gurus teaching the wrong shit on real estate around that time. And people had more cash to spend crazily, and given that the general population is clueless about financing houses or money, of course crap occurs. Lots of human errors in the picture.

Certainty is still required to a degree. Otherwise, it would be frightening to have a road to nowhere on the Fastlane!

 

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[Fox]

Specific courses to success in one area.

The university bubble is about to pop and the newer generation are spotting its best to go to the source directly. Why listen to some lecturer who hasn't been in the industry 10 years when you can get direct advice from current niche specialists.

I have noticed a lot of younger people want to succeed in one area. They don't want to study twenty topics across the board with no depth. They go deep into one or two very niche areas.

I predict a huge online course & school boom.

 

[Get Right]

I'm betting on construction