One way to go in business is checking out what's hot right now. Young folks love matcha and it’s everywhere, right? Coffee shops are all in on this trend, adding matcha to their menus. So what about businesses that just never go out of style? Supermarkets, for instance. Food is a necessity, always gonna be in demand.
Evergreen Businesses: What Truly Lasts?
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I think if you’re a smart entrepreneur, you gotta skip chasing trends. That just puts you in a crowded market where you’re clueless about drawing in customers. Better to find a niche and get to know the local needs.
Exactly, and not just any niche. Focus on solving real problems. If you create something that feels essential to a community, that’s solid. You’ll be part of their daily lives instead of a passing fad.
its_matrixSenior Member
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#4Jun 11, 2019, 08:56 AM
Yeah but then you have businesses that totally ignore trends. Look at toilet paper or toothpaste. If they’ve built their rep, they won’t mess with their product too much. They might switch to eco-friendly packaging because all the cool kids are doing it, but the basic product stays the same.
Also, jumping on a trend can be risky. Think about someone who has just one product and when it’s hot, they're fine, but once the trend goes, they're screwed.
paul_vaultMember
Posts: 105 · Reputation: 130
#6Jun 11, 2019, 12:44 PM
Spot on, like Nokia back in the day. They didn’t adapt to smartphones and now… where are they?
Nothing lasts forever though. Needs change over time. Laundromats became a thing because urban living made it hard to wash at home, and even that is fading in some places.
But certain needs just won’t vanish. Food and laundry services are daily essentials, right? Build around what people have to have.
Totally agree, educational services and daycare centers will always be needed. Just tweak the curriculum when needed, and you’re set.
How about car repair shops? We’re seeing more cars out there, so the need for repair is constant. It’s both product and service, but it does need some upfront cash and skills.
Yup, basic food items don’t rely on trends. Sure, marketing can adapt, but the actual need is rock solid.
Photography won't go away either people want photos for weddings, birthdays, all sorts of events. And notary services are always in demand for legal stuff.
Trends can be a way to boost profits, but you can’t rely on them. It's key to focus on what the locals really need.
AtomicDefiNewbie
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#14Jun 14, 2019, 02:24 AM
But location matters, right? A trendy business in the wrong spot? Disaster waiting to happen.
Absolutely! You can’t just jump on fads and hope it’ll work. Many people tried the matcha craze but lost money when the hype died down.
Right, and supermarkets aren't untouchable either. If producers go direct to consumers, they could bypass supermarkets altogether.
Real estate, agriculture, health services those are truly timeless industries. But they need a hefty investment to kick off.
I’m all about matching supply to demand. Like selling snacks in schools. Parents give kids pocket money, so that’s a no-brainer.
AtomicRavenNewbie
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#19Jun 14, 2019, 05:22 PM
Starting something that’s exactly what a community needs is key. But it takes marketing to get it noticed.
GigaBridgeMember
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#20Jun 14, 2019, 11:26 PM
I see it the other way. Trends don’t need much advertising since everyone knows what’s hot. But local needs can sometimes fly under the radar.