US News has a list of seven industries where you can make $1 million as follows:
- Wine -- You'll find opportunities in everything from wine bars to wine tastings to the wine aftermarket.
- College Planning -- At one time, applying for college was simply the first step in getting a higher education. Now it's a competitive process that has given birth to a whole industry aimed at preparing and positioning students for college.
- Staffing -- If you're a people person and don't mind being caught in the middle, the staffing industry might be the perfect fit.
- Senior Care -- people age 85 and older constitute the fastest-growing segment of the U.S. population: About 4 million people are currently in this age group, and that number is expected to grow to 19 million by 2050.
- Children's Services -- The economy can plummet and gas prices can skyrocket, but one thing remains constant: Kid-focused businesses are continuing to grow. Even as purse strings tighten, spending on kids—from their tutoring to their art classes—remains generous.
- Pets -- In homes across the U.S., animals of all shapes and sizes get the red carpet treatment. Americans are obsessed with their pets: The American Pet Products Association, or APPA, estimates that Americans will spend a whopping $43.4 billion on their furry companions just this year.
- Green -- Across all industries and all generations, a single word has people talking and taking action: green. These days, if you're doing good for the environment, consumers want to do good by you and show you another kind of green.
Here's my take on each of these:
- Wine -- Not interesting to me.
- College Planning -- I think this could be HUGE! Everything from what to do in high school to prepare for college, applying for/getting into college, scholarship counseling, test coaching and on and on. Seems like there's a gold mine here.
- Staffing -- Headaches 'R Us. No, thank you.
- Senior Care -- Another HUGE opportunity -- if you want to deal with all the downsides.
- Children's Services -- People will keep spending on their kids no matter what happens with the economy. I can only think of one thing that trumps spending on kids...
- Pets -- ...yep, this is it. I've already said enough about how much people spend on pets and how expensive they can be, so I won't add anything there. But on the other side of "cost" for pet owners is "fortune to be made" by pet-related businesses.
- Green -- Not really an industry by itself (unless you're thinking alternative sources of energy), so this one is a bit had for me to wrap my mind around.
Any not on this list that you think could be a big hit in the future?