6 Top Performing Industries for 2011

Inc.com

1) Debt Collection Agencies

It’s nearly impossible to owe money these days without getting a barrage of phone calls on behalf of your creditors – thanks in large part to the rise of third-party collection agencies. The debt hounds will have plenty to chew on next year, as recoveries in employment and the housing market should free up cash to pay back outstanding loans, says IBISWorld. All they have to do is go get it. While the average agency now generates a profit margin of about 5.9 percent, the number will grow slightly in 2011 and eventually climb to 10 percent by 2015. This is due to some companies not wanting to chase down debtors themselves, instead preferring to give agencies a larger bounty.

2011 Revenue Growth: 4.1 percent
2011 Employment Growth: 0.5 percent
Barriers to Entry: Low

2) E-commerce and Online Auctions

If record sales during the holidays are any indication, online retail will continue booming and achieve double-digit revenue growth in 2011. Due to the increasing ease in setting up a website, small vendors are further penetrating the market. E-tailers have also upped the savvy factor with widespread discounts, targeted advertising, and elegant, efficient site design—all created to lure customers out of brick-and-mortar stores and onto the Web. Popular product categories include clothing, footwear, jewelry, electronics, sporting goods, toys, and furniture, often sold through online commerce communities such as eBay, Newegg, and Etsy.

2011 Revenue Growth: 11.4 percent
2011 Employment Growth: 6.1 percent
Barriers to Entry: Low

3) Environmental Consulting

Thanks to the confusion over increasingly strict environmental rules, these consultants should be in high demand. Companies in fields like construction and waste management turn to consultants to navigate the various environmental waters, while others simply hire them to enhance their image. As economic conditions improve, consulting firms will be needed to audit new buildings and the underlying land for environmental safety. And with sustainable homebuilding on the rise, a growing number of homeowners will enlist environmental services as well.

2011 Revenue Growth: 7.5 percent
2011 Employment Growth: 7.2 percent
Barriers to Entry: Low

4) Real Estate Appraisal

Recovery in the battered real estate market is likely to be slow going, but this area should be among the first to improve. Existing home sales are expected to pick up, giving appraisers plenty of work. Additionally, as the recession wanes and low interest rates persist, businesses looking to expand will boost the commercial markets as well. And don’t let the relatively weak employment forecast fool you: most firms in the industry are single-owner operated or small independents that don’t need to take on employees to grow.

2011 Revenue Growth: 8.8 percent
2011 Employment Growth: 3.8 percent
Barriers to Entry: Low

5) Advertising Agencies

Agencies that create online, targeted, and integrated ad campaigns will compete for a healthy allotment of ad dollars in 2011. IBISWorld projects improvements in consumer sentiment, and corporate profits in the coming year to drive an increase in media expenditures. Digital media in particular will be the recipient of an increasing amount of ad dollars, with some experts expecting spending in the space to double in the next five years. Companies able to reach the nascent mobile market and targeted niches will be the big winners.

2011 Revenue Growth: 3.5 percent
2011 Employment Growth: 3.9 percent
Barriers to Entry: Medium

6) Job Training and Career Consulting

With only mild job growth expected next year, workers competing for limited openings will need to differentiate themselves with improved skills or develop new ones if they’re forced to switch careers. The job training industry will also get a big boost from government funding for programs focused on putting the unemployed to work and creating new jobs. Much emphasis has been placed in recent years on gaining new skills, which will both help people get jobs and improve business performance.

2011 Revenue Growth: 3.4 percent
2011 Employment Growth: 2.1 percent
Barriers to Entry: Medium

appraisal services, appraisal management company, coester appraisal, fha minimum property standards, best appraisal management company, reverse mortgage appraisal companies

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: