Top start-up opportunities in this economy

There is still money to be made despite the economic climate according to industry research firm IBISWorld. The company identified the leading start-up opportunities for entrepreneurs and investors to potentially make a profit in 2009 and beyond.

The high-growth sectors listed that apply to our industry are: e-commerce and online auctions and online tutoring. Americans are becoming thrifty with their wallets, and with the Internet offering an array of providers for every conceivable need, consumers are better able to research and compare more inexpensive options offering the greatest value. This industry’s phenomenal growth is expected to continue for the next few years, facilitated by relatively low operating costs that lead to higher profit margins for operators.

Technologically, the industry continues to evolve and improve. Secure payment systems such as PayPal and effective Web-based self-service solutions are improving business-to-consumer relations while boosting confidence and convenience regarding online shopping.

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Is India the fastest growing economy of 2009?

In 2008, more new cell phones were sold in India than anywhere on the planet. Business Week reported in February that India may soon become the world’s fastest growing economy. Large and small American companies are scoring wins in that part of the world, according to The India Experts at Amritt, Inc., of Cerritos, Calif. India may increase imports by $21 billion this year and smart companies can win a piece of that business.

India enjoys a youthful, rising middle class that increasingly demands American products and services. Indian industry and government spend tens of billions of dollars on power plants, airports, machinery, training services, chemicals and more and are increasingly buying American.

Despite the immense opportunity that India presents, few American marketers understand what product, price and distribution changes are necessary for success in India, The India Experts at Amritt says.