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Six Industries With Predicted Growth For 2011

January 24th, 2011

What will 2011 bring for businesses and job seekers? No one can predict the future, but the future is looking pretty bright for several industries. Using revenue growth, employment growth, current profits, and barriers to entry, Inc.com listed the following six industries as top performers for 2011.

1. Debt Collection Agencies: With so much debt, these agencies are sure to continue to cash in.

2. E-commerce and Online Auctions are continuing to grow. While it’s true that these ventures take hits when the economy is poor (like any other business) revenue growth is predicted to be 11.4 percent and employment growth 6.1 percent.

Inc.com listed the popular product categories as follows: clothing, footwear, jewelry, electronics, sporting goods, toys, and furniture, often sold through online commerce communities such as eBay, Newegg, and Etsy.

3. Environmental consulting should rise by 7.5 percent as businesses continue to be concerned about their reputation for “being green.”

4. Real Estate that had taken a rough turn for the last few years, is estimated to grow by 3.4 percent.

5. Advertising Agencies, thanks to the power of social media and the web will continue to grow, becoming crucial to the survival of any business.

6. Job Training and Career Consulting: With a competitive market comes the need for job seekers to be brought up to speed on what skills are valuable to employers.

Read the entire article at:
www.inc.com/ss/6-top-performing-industries-for-2011