This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Six Fast-Growing Markets for Small Business

LOS ANGELES ( TheStreet) -- Hindsight is always 20/20 when it comes to starting new businesses. Who knew, back in the day, that online pet supply store would flop, while eBay (EBAY - Get Report) -- which this week auctioned an "empty Altoid box believed to have magic properties" -- would thrive?

Entrepreneurs can mitigate risk by going where the action is. To that end, here are the business categories expected to grow fastest during the next decade, according to the market research company IBISWorld, which analyzes 708 industries.

6. Video games (predicted growth: 112.9%) -- Led by Activision Blizzard's (ATVI - Get Report) Call of Duty 3, U.S. sales of video games and gear has more than doubled to $19.66 billion last year from $7.98 billion in 2000, according to market researcher NPD Group. IBISWorld expects the boom to continue, but entrepreneurs should note that the video game rental industry is expected to shrink by 32.8%.

5. Environmental consulting (predicted growth: 120.3%) -- It's probably a pretty safe bet that nobody's aiming to be less green in the coming decade, and it's probably a safe bet that we'll continue to see an increase in environmental regulations and incentives from the federal government. And it's probably a safe bet that a lot of companies have no idea how to clean up their acts, which is where environmental consultants come into play.

4. eCommerce and online auctions (predicted growth: 124.7%) -- While it took a hit during the recent recession, the industry grew fivefold in the past decade and it's still growing. IBISWorld attributes expected escalation in this sector to the fact that more consumers are comfortable with PayPal, the eBay subsidiary that processes payments for thousands of online vendors. So Grandma can go ahead and sell her mittens on the Web without having to worry about credit card-related security issues.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMGN $163.52 0.00%
ATVI $37.24 0.00%
CMCSA $61.59 0.00%
EBAY $29.10 0.00%
TWX $69.78 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs