The proliferation of online enterprise has opened the world of business up to a bigger audience than ever before. Entrepreneurs have the power to build their own companies and scale them into powerful brands, starting with little more than a laptop and an internet connection.
Certain online industries continue to grow and generate life-changing income for business owners. But which are the most lucrative online industries in our increasingly digital world?
Online Education and Training
Online learning and training is one of today’s most successful industries. Research shows its value has exceeded $100bn — and is only set to keep growing.
Experienced entrepreneurs, teachers, professors, and thought-leaders can deliver in-depth education through self-managed programs or video-based courses. They share their invaluable knowledge with others remotely for maximum convenience and global accessibility.
The wealth of online learning opportunities available online empowers businesses and individuals with the means to sign-up for almost any type of course imaginable. Learners can focus on gaining the most relevant skills and insights to achieve their personal best, expanding their horizons from the comfort of their own home or workplace.
Online Casinos / Bingo
Online gaming has exploded in the past decade. Hundreds of online casinos and bingo sites as found here cater to customers worldwide, delivering an immersive experience with the potential to play for real-money prizes via desktop or mobile devices.
Mobile casinos and bingo sites connect players to countless games 24/7. As a result, customers enjoy greater flexibility, freedom, and convenience in their gaming habits than previous generations would have imagined possible.
Yet the social aspect of visiting a brick-and-mortar casino or bingo hall remains intact thanks to cutting-edge chat features. And the increase in VR tech means a growing roster of online casinos and bingo sites now offer a deeper thrill.
You can wander virtual casino floors or interact with other players in real-time, physically putting yourself into the gaming environment without leaving your home. This innovation and round-the-clock accessibility continue to fuel the iGaming industry’s consistent growth.
eSports
Following on from online casinos and bingo sites, let’s talk about eSports. Millions of consumers worldwide now watch (and wager on) other users playing video games in a professional context.
The eSports industry’s worth is expected to exceed $1.7bn in 2021, as video games receive greater recognition for their cultural impact. Teams and individuals taking part in eSports tournaments can make a very comfortable living — to say the least.
For example, Denmark’s Johan Sundstein has earned almost $7m during his career. Many others earn similar incomes too.
Ecommerce
This should come as no surprise. Ecommerce continues to grow as more and more consumers spend money from the comfort of their own home.
The sheer convenience of hopping online to buy everything from household essentials and Christmas gifts to daily meals is too good to resist. Brick-and-mortar stores and restaurants will always have their place, but the Ecommerce industry shows no sign of slowing down.
Experts even predict Ecommerce brands may see a growth rate exceeding 250% in the next year or so.
Do you know of any other lucrative online industries worth a mention in our list?
