Thinking of being your own boss for a change and starting your own business? First thing you’ll want to consider is choosing an industry that grows fast and with products or services that people actually lust for.

For now, forget about coming up with a suitable name and tagline. The first thing on your business start-up checklist should be knowing which of today’s niche industries are emerging (or have emerged over the past year) as tomorrow’s greatest successes.

Here are 5 recommended business ventures you might want to invest in:

1. Wearable Computing
Think of your old, reliable smartphone replaced by a pair of clear contacts that will let you read your RSS feed while you stand in line for your morning coffee. That is wearable computing, and pretty soon you will find yourself surrounded by people with that glazed look in their eyes as they scan their Facebook feeds. Everyone will soon be wearing the World Wide Web and there are definitely lots of potential for profit there if you are brave enough to venture into this new market. The great thing about wearable computing is that it is already a big thing and is still growing.

3. Online Education
With costs of education soaring year after year, opportunities for companies that offer low-cost (and sometimes free) education and skills training via the Internet has taken the academic world by storm. If you are considering on starting up in this field then you will need to be extremely tech savvy, especially when it comes to building efficient online education platforms. You will also need a skill for social engagement.

4. Consumer Health Technology
Admit it, you have at least one health app downloaded on your phone. It can be a simple calorie counter or a heart rate app that connects via Bluetooth to a heart rate monitor band you use when exercising. In 2012, digital health care companies earned $1.4 billion, a 46 percent increase from 2011. Your customers? Insurance companies and tech firm will come knocking at your door and all are willing to throw in big bucks just to acquire the latest trend in consumer health technology.

5. Specialized Online Retail
Yes, e-commerce is old news, but online consumers are constantly looking for niche retail services from something as simple as photo printing where a customer would simply upload photos and receive printed copies the following day, to made-to-order vintage furniture ordered by some high-end interior design. Most importantly, having a successful online retail business can mean a possible partnership with well-known brick-and-mortar retail companies. To give you an idea on how big specialized online retail really is, every year, more than 1 million Americans purchase goods from the online retail marketplace – and that’s just one country.