Factors such as growth, industry competitiveness, start-up costs and barriers to entry mark the success of companies. Before taking the step, we advise you to know the top earning businesses in the US in 2022.
For companies to be successful and profitable, they must be one step ahead of their competition. The ability to keep your rivals at bay will make your competitive advantage sustainable.
Starting a business in the United States is easy. But in addition to complying with regulations and having the capital to invest, you must work to make it grow and stay healthy.
In 2021, in addition to clinical laboratories, the sectors that had the most gains were consumer financial services. Also, investment and other types of financial services. Those who earned the least were the tourist, especially those who work with cruises and vacations. Employment and agricultural production agencies also appeared.
But what does the rest of 2022 hold for us?
Top Profiting Businesses in the US in 2022
1- Mass consumption products
Businesses that make household products, personal products, food, beverages and discount stores are generally not affected by the recession. The consumer will always need your services, so you continue to strengthen your relationship with them. Many rely on offering lower prices and others a strong brand identity to keep their cost high.
An example is Coca Cola, Walmart, Colgate-Palmolive, etc. It is recommended to follow this line.
2-Accounting services
Demand for auditing and assurance services continues due to market volatility. Bankruptcy and restructuring services are also requested. It is expected to remain stable as economic activity improves after the pandemic.
On the other hand, they estimate that mergers, acquisitions and public offerings will drive the growth of the services industry.
3-Health care
This area does not change regardless of the economic situation. The health industry encompasses biotechnology, diagnostics, research, drug manufacturing, and information services.
Pharmacies and drugstores have seen an increase in their income apart from covid-19 due to the increase in contracting health insurance.
This population consumes more prescription drugs. Likewise, the greater number of older people promoted the development of the sector, since they generally demand treatment for chronic diseases. Hospitals and telemedicine also appear on the list.
4-Technology
This is an ideal business for disruptors. They are a stable niche because users find it difficult to part with their services. It is good to bet on the design, development and support of operating systems and applications. Manufacture of computer equipment, data storage, networks, semiconductors and components.
It also includes wireless telecommunications operators that will grow 6,2% this year. The area of operators of this service is well positioned to continue growing.
The acceptance of fifth generation networks as the most reliable increases the demand for wireless voice and data services. In addition, the implementation of XG technology in more locations will increase profits. This is because companies will be able to offer updated and more attractive plans.
Meanwhile, the sale of online software together with the sale of hardware and accessories continues to benefit from the digital transformation. You will have steady revenue and product growth.
On the other hand, there is the demand for technical support for information technology. Every day more businesses are looking for people who have knowledge to serve customers. This is why they tend to charge high fees for their services, and they can also work as consultants.
According to the US Bureau of Labor Statistics, the IT industry will see a more than 100% increase in jobs between 2020 and 2030.
5-Artificial intelligence
A separate deal must have artificial intelligence. This market is projected to generate $190,61 billion by 2025. AI applications involving machine learning, predictive analytics, and neural networks are growing every day.
There are several ways to participate in this business idea. For example, betting on autonomous vehicles, robotic process automation, customer service, logistics, delivery, chatbots and marketing. As well as data analysis, voice assistant, human resources, manufacturing, etc. Whoever decides to invest in this has to be prepared to adapt to the turns it gives.
6-Green energy
The Joe Biden government plans to invest some $10 billion in clean energy over 400 years. This will boost support for green energy solutions, as the plan is to end harmful emissions by 2050.
Businesses in electric vehicles, solar panels, rainwater collection systems and wind generation will benefit. As do manufacturers of energy-smart appliances and technologies. Environmental initiatives that were relegated are expected to resurface and become profitable businesses by 2022.
7-Real estate
Faced with the imposition of a low mortgage interest rate, real estate investments are attractive at this time. It is feasible to buy a property with a loan and then resell or rent it for a profit. Another good idea is to invest in a real estate fund by acquiring a trust with partners to finance a project in this sector. Be real estate agent It will be very useful today.
The disadvantage is that it is a long-term bet. Performance will be seen in a few years.
8-Cybersecurity
Another of the types of businesses that leave more profits in the US is cybersecurity due to the accelerated digital transformation. The increasing data breach is a threat that will remain regardless of the economic situation.
This year the global market for information security will reach 170.400 billion dollars. It is possible to offer assistance in cloud security, network security, infrastructure protection, endpoint security, among others. It is necessary to be aware of the regulations, the type of existing threats and the fierce competition.
To decide which of the businesses that leave more profits is convenient for you to enter or invest, it is key to understand the market environment and panorama. In the same way, your capabilities and consider the unexpected events that affect the industry and therefore your company.
Lean on different resources to collect the data necessary to ensure long-term success. If you do not find the appropriate guidance at Hispanos Emprendedores we offer advice for entrepreneurs.
