Many good business ideas revolve around the idea of tapping into a market that never goes away. That’s why we like investing in residential income properties so much. No matter what else, people want a place to lay their head at night. That makes it a universal demand. Another universal demand you might consider when pondering business ideas is something relating to kids. Adults tend to engage in the activity that creates them on a regular basis. We’re going to go out on a limb and predict that men and women aren’t going to be giving it up any time soon.
You can figure there will always be a market for things relating to kids like:
- Day care
- Personal tutoring
- Secondhand clothing
- Toy kiosk
- Instructional classes
- Targeted amusement parks/restaurants
The first thing to consider is whether or not you actually can stand to be around the little rug rats all day every day. Some people can’t. If this describes you, recognize that fact and don’t even try. For the rest, a bit of research into the possibilities might be in order. The kid industry is not going anywhere and moms and dads tend to open up the wallet when it comes to satisfying little Johnny or Jane’s every mad whim.
It’s something to think about.
The Young Wealth Team