2019 has been a particular year for what concerns online-based businesses. Everything ranging from Amazon FBA to Dropshipping has been impacted by a multitude of price increases in terms of paid social advertisement and hosting problems on AWS. With this in mind, there have been some speculations regarding which are and which aren’t good business models to follow in 2020 for what concerns online investments, let’s analyse some of them.
The Rise Of Dropshipping Services
Let’s state a major fact: Aliexpress and everything China-related for what concerns dropshipping is dead. As said above, ads prices rose in the last couple of months and so have such Chinese suppliers prices. With this in mind, it’s important to understand that dropshipping isn’t just limited to physical goods and cheap products that have been white labelled on a quickly built Shopify store.
In fact, drop shipping as a whole has evolved to drop surfing, where websites are building an interface which supplies services ranging from insurance, real estate renting and finance. There are many drop shipping portals which are providing financial services, ranging from stocks trading to long term finance. (given the fact that refurbishments were such a popular topic in 2019).
Online trading has become a substantial matter for what concerns online investment. In fact, what was once known as an incredible niche topic has moved to a more “mainstream” audience, also because the entire “online entrepreneur” culture has built significant relevance on Youtube, with famous ones being Tai Lopez, Grant Cardone and Gary Vaynerchuk. With this in mind, especially given the fact that online trading has been approached by many youngsters, it’s important to have a deep market understanding before starting this matter, otherwise, it will basically be considered as a mere form of “online gambling”.
Invest In Data Science
In 2019, data science has risen to the top for what concerns technology development and, in fact, many companies started to open offices where the Python-savvy developer would have been able to create and manage such data. With many startups opening on the matter, in 2020, this could be quite an easy form of investment, especially within the real estate industry.
This could also be considered from a technological point of view, especially for the entrepreneur who is technical in his approach and knows the ins and outs of the front end development industry. Data science is being used in a variety of business sectors, from commercial property management to eCommerce.
These are 3 of the main forms of investments for what concerns the mobile industry. There are, indeed, many different skills required in order to be successful within these areas, given the fact that these are not just simply “supply and demand” based, but, it’s safe to say that the future of online entrepreneurship will move towards this type of approach.