Business Opportunities in Alaska
1. Oil and Gas Business
Oil and gas is the primary source of income in Alaska. The oil and gas industry provides many jobs for residents. It is one of the most lucrative business opportunities in the state. A prudent entrepreneur will not fail in this type of business. You only have to follow the rules and regulations.
2. Automobile Repair Business
The number of vehicles in Seward, Alaska, has increased over the years. This increase has provided a perfect opportunity for an automobile repair business. It is a viable business opportunity for an entrepreneurial mechanical engineer.
3. Sale and Repair of Fishing Equipment
Fishing is the main economic activity in Petersburg, Alaska. Some residents do fish export business. Thus, investing in selling and fishing equipment repairs can be a profitable venture. Whether you start small or large, the chances of good returns on your investment are high.
4. Transportation and Logistics
Alaska is a major logistics and shipping hub, linking Asia and North America. Many cargo planes fly to Anchorage daily to unload consumer electronics and other valuable goods for distribution across the 50 states. This hub-and-spoke logistics model makes Alaska a key market because planes can fly 6 hours from China, and efficiently distribute goods in North America.
Benefits of Market Research in Alaska.
Qualitative Research is vital. It helps investors to understand why their target customers buy products. One of the methods used for Qualitative Research is customer interviews. We also use online platforms.
Quantitative Research aims to measure the extent of specific buying phenomena. Some of the techniques used in this type of Research are online and mobile surveys.
Conducting Strategy Research helps entrepreneurs to understand business aspects. For example, it tells them about competition and innovation in specific industries.