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7. Newborn and Post-Pregnancy Services, 8. Enrichment Activities for Children & 9. Mobile Apps and Entertainment for Children


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7. Newborn and Post-Pregnancy Services
Although millennials are deferring parenthood for longer than previous generations, they eventually want to have kids—in fact, in 2016, 1.2 million millennials became first-time mothers. Therefore, the need for child-oriented businesses is growing, starting with post-pregnancy and newborn-related services.

Demand for doulas and lactation consultants, in particular, have risen among new mothers, and both business options have relatively low overhead requirements beyond education and certification—meaning these professions could easily become one of the most profitable businesses for you to start.

8. Enrichment Activities for Children
While the number of children in the United States grows, shrinking budgets for education mean that both traditional academics and enrichment subjects like music, art, and athletics have taken a significant hit.

As a result, more parents are turning to private businesses for enrichment activities outside of school. This being said then, one of the most successful businesses for you might be a gymnastics center, music school, swimming instructor, kids’ yoga teacher, or other child-centered activity. If you have a skill that could be easily taught to young students, you might already have a profitable business in the making.

9. Mobile Apps and Entertainment for Children
On the other hand, if your interests lie closer to tech or entertainment, consider gearing your technology toward the youngest of consumers. Research shows that regardless of expert recommendations, demand for tablets, apps, and mobile entertainment for children is on the rise.

Do you have an idea for an educational app for children or parents? If so, now’s the time to move forward on your bright idea for the next generation and make this potentially profitable business a reality.

fundera.com

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