It’s no secret that Texas is booming. One of the most developed states in America, the Lone Star State is now home to more than a million people looking for work. And while the economy is strong, it isn’t getting any stronger at the top. The gap between the rich and the poor is growing. More and more people are looking for ways to make money online in Texas.
The Rise Of Online Entrepreneurship
In the last year or so, the lines between work and play have blurred. Where before you might have spent your day in an office, now you might spend your day playing computer games or shopping online.
You no longer need to be in the workforce to provide for your family. There are plenty of opportunities to make money online from home, and nearly all of them are legal.
If you’re looking for ways to make extra money, you’ve probably noticed a trend. As the world becomes more digital, the opportunities for entrepreneurs to make money online increase.
The Bonanza Of The Digital World
In the last year, various cryptocurrencies have experienced explosive growth. In fact, some experts predict that in the next few years, one cryptocurrency will dominate the market. That cryptocurrency is — you guessed it — Bitcoin.
Although Bitcoin was designed to be a decentralized currency, enabling anybody with a computer to become a millionaire, it was originally restricted to those with access to the deep web. That is, people who use special browsers like Tor to access websites that are not indexed by search engines.
In a nutshell, if you have a computer and an internet connection, you can potentially access the deep web, where you’ll find everything from marketplace websites that allow you to buy and sell goods to encrypted messaging apps that help you secure your personal communications.
As the barriers to entering the deep web decrease with the introduction of virtual private networks (VPNs), more and more people are realizing the enormous potential of the digital world.
The Best Opportunities For Online Entrepreneurs In Texas
Due to its status as one of the most developed states in America, Texas is home to all sorts of promising opportunities for online entrepreneurs. Some of the best states for entrepreneurs are — you guessed it — Texas, California, and New York.
If you’re looking to start an online business, here are some of the best opportunities in Texas.
E-commerce And Delivery
If your idea of an internet entrepreneur is somebody who makes lots of money selling stuff online, you might be in for a pleasant surprise. Thanks to the combination of a flourishing economy and the powerful momentum of the internet, Texas is home to countless online entrepreneurs who specialize in e-commerce.
E-commerce in Texas is big business, with retail e-commerce sales growing by nearly 18% and internet sales in general growing by more than 25% since 2010.
If you’re looking to get in on the action, you have plenty of choices. Due to its size, Texas is home to numerous cities and towns that could be used as a base of operations, enabling you to scale up quickly. You can even become an independent contractor and offer your services to local businesses.
Consulting And Legal Counsel
If you’ve got a knack for getting things done, you might consider putting that skill to use for the benefit of clients. You can build a lucrative practice giving business advice and legal counseling to startups and established businesses.
Starting your own practice might not be as easy as you’d think. In Texas, you’ll need to meet the minimum requirements for licensure, which include a thorough knowledge of both state and federal law. Once you’re licensed, the next step is to build your practice and gain experience.
However, becoming a consulting or legal counsel is a widely accessible opportunity in Texas. You’ll find many firms and individual lawyers who specialize in technology law, e-commerce law, and more.
Medical And Health Care
If your idea of an entrepreneur is somebody who starts their own business and becomes very rich and famous, you might be in for a pleasant surprise. Thanks to the combination of a flourishing economy and the momentum of the internet, Texas is home to numerous online entrepreneurs who build their businesses in the health care field.
For example, Avita Medical makes surgical stents, endovascular scaffolds, and embolic protection devices. The company designs, manufactures, and distributes medical devices used in minimally invasive procedures. This allows the company to offer highly specialized medical devices suited for use in interventional radiology procedures and more.
And, since the cost of healthcare is becoming more and more expensive, you might think that building a business in the health care field would be a good idea. True, but in order to do that, you’ll need a lot of money. Fortunately, you can also take advantage of the booming healthcare field in Texas by becoming a medical or health care entrepreneur.
If you’re interested in getting involved in this sector, you’ll need to decide which area to specialize in. For example, if you have a medical degree but want to enter the health care field, you could become a specialist in orthopedics or sports medicine. You’ll then be able to offer your services to athletic teams and the like.
If your idea of an entrepreneur is somebody who makes lots of money by helping other people make money, you might be in for a pleasant surprise. Thanks to the combination of a flourishing economy and the powerful momentum of the internet, Texas is home to numerous online entrepreneurs who build their businesses in the financial consultancy field.
The financial sector in Texas is booming, with the state experiencing an 18% increase in small business formation, and a 25% increase in entry-level jobs since 2010. That’s fantastic news for anybody looking to make a career change or switch gears altogether.
If you’re looking to make extra money, you can take advantage of the growing demand by becoming a financial consultant. You’ll need a strong background in economics, finance, and business administration. Plus, you’ll need to have a reliable source of income. If you can, you might even consider going the extra mile by getting a graduate degree in financial management.
There are lots of opportunities for entrepreneurs in Texas, including some that might surprise you.