We all struggle this time of year when it comes to money. The post-Christmas slump is fully under way and we tend to struggle through our finances throughout the month of January. But wait, there is hope! A new list put together by researchers has revealed the new business ideas that are likely to be the best ways to make money in 2019.
A number of researchers contributed to a list put together by website startups.co.uk, to predict which trends would translate to flourishing business ideas for the new year – and the list includes companies that assist in digital detoxes, house plant businesses and all things bespoke beauty.
So without further ado, these are the 13 best up and coming trend-led business ideas for 2019:
1. Plant-based foods
‘2019 is going to see veganism (and other plant-based diets) truly go mainstream,’ the website explained. With this in mind, it’s no surprise that a surge in businesses surrounding plant based eating is predicted.
2. Plastic alternatives
Following a year focused on the damaging effects of plastic (including shocking scenes in Blue Planet II and Collins Dictionary choosing ‘single use’ as its word of the year), 2019 is set to be the year where those providing plastic alternatives will be financially rewarded.
3. Living with less
‘It’s 10 years since Airbnb was founded, but the global sharing economy has continued to grow and evolve, giving consumers the opportunity to share nearly anything imaginable,’ startups.co.uk explained. With this in mind, people are willing to live with less and share more; something which can be capitalised upon.
4. Bespoke beauty
The health and beauty industry is set to be worth £27 billion by 2022 in the UK alone, making it an ever-growing business sector. With 2018 focusing on the attempt to make beauty more inclusive, 2019 is said to be all about personalising your beauty with bespoke products.
While the hygge trend was huge, 2019 is apparently going to revolve around kintsugi, the art of making broken things beautiful, which is native to Japan.
6. Digital detox
There’s been something in the air for a while now that’s spreading: an awareness of how often we use our phones, laptops and social media. Digital detoxing is becoming increasingly popular, and the website predicts there will be many start-ups aiming to make it easier for people to do this.
7. Macramé and houseplants
‘With houseplants an ever-growing trend (as more and more people, particularly millennials, live without gardens) – macramé plant hangers have become the perfect insta-worthy solution to display city dwellers’ leafy lovelies,’ said startups.co.uk.
No doubt there will be an influx of companies spurred on by this ever-growing trend.
8. American sports
With an increasing interest in American football in particular, us Brits can’t get enough of sports from across the pond. For this reason, a start up focused on American sports could excel.
9. Online coaching and consultancy
‘Recent years have seen UK consumers fall in love with online, on-demand services,’ the site noted. ‘Taking this to the next level, in 2019 consumers will turn to the internet for traditionally face-to-face services they previously wouldn’t have considered accessing online.’
There are huge opportunities for entrepreneurs to jump on board with this trend to offer services that were previously only available in person rather than online.
10. Inclusive children’s products
‘A Reflecting Realities report published by the Centre for Literacy in Primary Education found that only 1% of children’s books in the UK had a BAME main character in 2017, and the toy market continues to be incredibly un-diverse’ – according to startups.co.uk.
We’ve seen several industries sit up and take notice when it comes to diversity issues, and this year is set to be about ensuring children’s products are more inclusive.
Already a big trend in beauty, the website predicts microblading will take off even more in 2019 and that there are ample opportunities to make the brow technique financially viable.
12. Luxury pet care
Apparently ‘45% of households in the UK own a pet and, in 2017, a whopping £4.62bn was spent on pets and related products in the UK.’
With this in mind, the website says there’s a gap in the market for entrepreneurs who want to provide luxury pet care services as we’ve never seen them before.
13. Personal health apps
Making healthcare far easier and more convenient for the over-stretched NHS, personal health apps are going to be even bigger in 2019.
‘Doing everything from helping us manage existing conditions and prevent new ones to enabling remote face-to-face consultations, the mobile medical apps market is predicted to be worth $11.2bn by 2025,’ startups.co.uk confirmed.