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25 Tech Startup Ideas to Kickstart Your Entrepreneurship
Table of Contents
1. artificial intelligence, 2. telehealth, 3. edtech startup, 4. ecommerce startup, 5. robot delivery startup, 7. live chat services, 8. social media influencer, 9. social media consultancy.
- 10. Travel & Tourism Agency
11. Website Development
- 12. Biotech Startup
13. Cyber Security Services
14. cloud-based services, 15. digital marketing, 16. seo agency, 17. ux services, 18. fintech, 19. crypto mining, 20. business incubator, 22. freelancing, 23. web analytics services, 24. 3d printing, 25. data mining.
You might have heard the phrase – an idea can change your life.
As of 2021, 16% of Americans were actively involved in startups , this shows that most of the American population were actively working on a startup. This proves that young business brains are actively participating in startups.
As a result of the pandemic, people are now majorly dependent on the power of the internet. This era is of technology startup ideas.
If you have the best startup ideas based on technology, now would be the time to unleash them. If not, here is a list of 25 new startup ideas that are digital/online.
Artificial Intelligence, also known as AI, is all the rage in this era. Artificial Intelligence is what the name suggests, artificially generated Intelligence.
Simply put, it is the ability of machines (computers or a robot) to perform tasks that are usually associated with intelligent beings.
When starting an AI business, you can choose from existing AI or bespoke (custom) AI.
While the previous one has pre-existing solutions, the latter needs new, customized solutions.
Developing an AI-based product is a simple four-step process:
- Run the problem-solution fit test
- Gather data
- Build the AI product
- Keep on improving
A tip to keep in mind before developing an AI solution is to check whether a product for the said problem exists. If it does, use it as a base for your application/software to save time, effort, and money.
Telehealth is the connection between patients and healthcare providers. It allows you to choose between two telehealth solutions.
(i) Synchronous solutions – applications that connect the patient to their healthcare provider through audiovisual connections.
(ii) Asynchronous solutions – allow the medical practitioner to access the patient’s medical history through online platforms.
If you are interested in starting a business based on telehealth, here is what you should do:
- Study the telemedicine/telehealth laws in your state
- Analyze the competition
- Plan the features and set the price
Financially, if you plan to develop custom software, the software development cost can go around $50,000 (excluding the hardware cost). A cheaper option would be using white-label telemedicine or telehealth application which would cost approximately $15,000.
However, this option restricts your ability to provide unique and innovative features.
One of the many industries that boomed during the pandemic is EdTech.
The development of this technology was so impactful that it has continued to grow even in the post-pandemic world.
The following are the steps to build your own EdTech business:
- Narrow down your market
- Validate your concept
- Create a one-of-a-kind value proposition
- Select a sensible business model
- Create the right team
- Build a minimum viable product /proof of concept
- Raise funds
- Focus on growth
When it comes to innovative startup ideas, eCommerce is the term that rings a bell. Companies like Amazon and Alibaba are the leading examples of eCommerce businesses.
To grab this opportunity, you need to follow the steps given below:
- Identify your niche by researching the market
- Choose a business name and structure
- Request an EIN
- Get necessary permits and licenses
- Select a platform and build your website
- Product development or sourcing (and listing)
- Promote your online store
The cost of starting an eCommerce business varies depending on the legalities of the area you plan on opening this business. When opening an eCommerce business, you must keep two rules in mind: Start small and carry out multi-channel marketing.
For decades, we have thought that robots are the future. The future, however, is NOW as we are developing robots for almost every possible task, including deliveries. Yes, you heard that right, we can now use robots to deliver groceries, food, or packages.
You can either build delivery robots or rent/buy them to open a delivery business. eCommerce businesses like Amazon have already started using robots to deliver their products. These robots are not humanoids but a container with wheels, which makes sense since their primary goal is delivering the product.
While building a robot may cost anywhere from $5000 to $1,75,000 (depending on the features you want to include), you can rent them for more or less a similar cost.
The increasing popularity of Robot-as-a-Service (RaaS) has made it easier for entrepreneurs to use Robo-tech to deliver things to their customers.
Virtual Reality or Augmented Reality grew tremendously in the past three years. Before the pandemic, VR was all the rage in the gaming industry. Since the pandemic, however, it has been used in business for several purposes, including training through AR or orientation through VR.
All you need to do is ask yourself two questions:
(i) What is the problem I am trying to solve? (ii) Is VR/AR the only solution to that problem?
Once you are clear with that, you can start with the same procedure mentioned in the first point (Artificial Intelligence).
This is the era of quick replies. Irrespective of the type of business, if you do not respond quickly to your customers, you lose them instantly. This is where live chat services come to light. Customers expect businesses to answer their queries in real-time If you can put a good team together, you can offer this service.
A simple tweet or reel on social media can influence millions of people. Today, approximately 80% of the ROI for brands comes from social media influencers. At present, Instagram influencing alone is a $1.7 billion industry.
To become a successful influencer, you need to follow the steps mentioned below:
- Focus on a niche
- Choose your social media platform
- Find and Interact with the target audience
- Create a good content strategy
- Keep interacting with the audience – DO NOT STOP THAT!
- Invest in better equipment
- Create a sense of community
- Research and grow every single day
Social media is an influential tool for communicating with many people. Many businesses require the services of experts to manage it for them. Having an active social media appearance can help a company grow rapidly.
If you understand how to wrest the social media sword effectively, this is the business for you. You need to reach out to the public and keep your clients from saying things that will get them banned on Twitter. You can earn $15 to $20 an hour with this business, per client!
You can use the steps given below as a guide to starting your social media consultancy:
- Conduct your research and choose a niche.
- Continue your education by taking online courses.
- Develop your credibility and reputation.
- Gain preliminary experience and expand your portfolio from there.
- Participate in social media.
- Produce content
- Establish connections
10. Travel and Tourism Agency
Using technology to provide online ticket booking platforms, travel mapping platforms, and converting other traveling experiences into a technologically advanced process has become common.
The following are 13 things you need to do to establish an online travel agency:
- Create a solid strategy
- Understand your niche thoroughly
- Make use of a host agency
- Choose your funding sources
- Create a brand strategy
- Handle the legal concerns
- Employ people
- Promote aggressively
- Create connections
- Invite and value the reviews
- Create a travel website
- Grow your travel and tourism agency by launching new offers
Web development firms are distinct from web design firms in that a web design firm creates layouts and visuals for a website owner. A web designer is more concerned with user interface and design, while a web developer uses basic and advanced coding to create software and applications that power the website.
12. Biotech startup
Despite the capital-intensive nature of the biotech industry, many new startups emerge each year. However, it is now possible to launch a biotech company on a modest budget ($0-$200k initial investment).
You can follow the steps given below to start your own Biotech Business:
- Ensure that the idea addresses a genuine market need
- Identify Founders and Key Personnel Step 3: Locate a Reputable Attorney
- Once you have investor interest, incorporate your company as a C Corporation
- Create well-thought-out marketing and business strategy
- Run your business as a virtual corporation
- Advance the technology
In these technologically advanced times, privacy is of the utmost importance. With all of our digital information, there is widespread concern that it will fall into the hands of those who will misuse it.
Scams, malware, and ransomware are on the rise, necessitating foolproof data security. A cyber security expert can eliminate the possibility of a data breach. The cyber security market is anticipated to reach $352.25 billion by 2026, making it a good time to launch a cyber security startup.
Customers’ data is pouring into online platforms in the new data-centric world. Companies must exercise caution when collecting data, and businesses require a secure backup system to collect and store data.
A cloud-based service can help in this situation. If you can provide cloud technology to business owners and charge them based on the amount of space they use, this is a tech startup idea that can help you build a profitable business. Companies are constantly looking for cloud services, and with the right software management, you can help them.
From pamphlets to television sets and now on smartphones, marketing has evolved a lot over the past few years to grab the attention of the target audience. If you have the right creative team, digital marketing is a great idea for a great tech startup.
Given below are simple steps to help you establish a digital marketing agency:
- Improve your digital marketing knowledge and self-esteem.
- Determine what services to provide.
- Determine how you intend to run your. business
- Register your company.
- Create a web presence for yourself.
- Display your experience and knowledge.
- Select the appropriate tools.
- Establish your business model.
- Create your portfolio.
- Create your procedures.
- Create a digital marketing team.
With the majority of people turning to online tools, new businesses are attempting to establish and strengthen their online presence. To make that a reality, your company’s details must appear at the top of the search results page. SEO experts will assist you in accomplishing this.
SEO experts assist businesses in optimizing their internet presence by trying to make their web content more searchable. Content optimization is only the tip of the iceberg; SEO experts manage link building, analytics tracking, and a variety of other processes to help improve your website’s page ranking.
User Experience (UX) services are primarily concerned with establishing a consistent interaction between service users and products. This is a necessary component of a digital platform. The features you provide as part of your UX services will assist businesses in increasing their conversion rate.
If you have skills and imagination in developing UX services, this domain of business will assist you to succeed.
Financial Technology, also known as Fintech, aims to transform traditional financial services into online services. It is anything that deals with finances online. Digital wallets are becoming more popular and widely accepted.
This eliminates the hassle of carrying money and keeping it safe while also making it simple to provide exact change when needed.
The growth of the crypto world has expanded the market for this service. Because this is about money, you must be cautious about the security of the funds that people deposit. Though it is a high-risk, expert-required field, it does have a future if you are up to the challenge.
Given below is the recipe for a successful fintech business:
- Learn the fintech regulations
- Target a niche
- Identify your competitive advantage
- Employ an effective team
- Aim at data protection
- Fish for funds
- Grow and improve
Cryptocurrency is now a household term, and miners can be found everywhere. With the rise of cryptocurrencies such as Cardano, Ethereum, and others, setting up mines can be a profitable venture for those with the necessary analytical skills.
Crypto mining consumes a lot of energy, particularly bitcoin mining, therefore a sizable initial investment may be required to build the farms needed for the extraction and processing. You can mine a fortune if you possess the resources and a fresh perspective on the crypto market.
Business incubators are programs that are specifically designed to assist young startups in innovating and growing. Startup founders or sole entrepreneurs, typically offer workspace, mentorship, education, and access to investors.
During the initial stages of startup incubation, these resources enable companies and insights to unfold while functioning at a lower cost. Incubators necessarily involve an application process and usually a commitment for a set period.
Here is a step-to-step guide on how you can start your business incubator:
- Examine the market conditions and the needs of the entrepreneur.
- Determine the team and service providers.
- Make plans for resources.
- Make industry connections.
- Make a schedule of your activities.
- Startups must be attracted, selected, retained, and managed.
Non-fungible tokens are blockchain cryptographic assets with identification number codes. NFTs are lucrative investments that you can end up making; they are similar to one-of-a-kind paintings such as the Mona Lisa that you will own entirely.
Before you enter the NFT market, make sure you are well-versed in the NFT market as well as its statistics. And although NFTs are profitable, they are subject to market fluctuations. Depending on your skills and resources, you either can build or invest in NFTs.
Today, numerous businesses are looking for professionals to complete quality projects in due time. If you have the required skills, you can benefit from such opportunities to earn a living by working on your own time.
Platforms like Upwork, Fiverr, Truelancer, etc., offer you limitless opportunities to earn at an agreed-upon fee, outside the daily 9 to 5 grind. Here is how you can become a freelancer and expand your business.
- Analyze if this is the option for you.
- Begin by creating a freelance portal.
- Create your brand.
- Build relationships and networks.
- Be adaptable and willing to learn new skills.
Website analytics assist businesses in improving their performance. A company’s customer journey through a website is a goldmine of data. They can analyze their issues and improve their functionality to provide a better customer experience. A web analytics service can show businesses how to turn cluttered customer data into opportunities for growth.
The 3D printing sector is an underappreciated startup opportunity. From house construction to organ transplants, 3D printing is gradually being introduced and growing in many sectors. The cost of printing items has decreased, and now is a good time to enter this emerging industry.
It is important to remember that having a 3D printer is not enough. Before you begin, you must obtain expert knowledge and conduct some advertising to attract potential customers.
The world has become a global data-driven village. Data mining is the process of predicting outcomes by identifying patterns, correlations, and so on in a large set of data.
It is used to understand customer psychology, task allocation, risk reduction, and a variety of other factors that aid in the operation of a business. With the right resources, data mining can be a promising field for a tech startup idea.
Starting a data mining business is a simple, 5-step process.
- Learn Where to Learn Data Mining.
- Undergo Training
- Work as a Data Mining Analyst.
- Where to Look for Clients
- Promote Your Company.
- Software Development
In today’s world, the software is ubiquitous, and many people and organizations cannot function without the programs on which they rely. Of course, these programs must be created, distributed, and maintained. That is the responsibility of software development firms.
Perhaps, we can assist you in picking a feature list and deliver a project estimate tailored to your startup requirements
The industry of software development is large and powerful. The software publishing industry has a $238 billion annual revenue and a 3.9 percent annual growth rate, says IBISWorld.
Frequently Asked Questions
You can choose from 3 types of VR businesses:
- Arena-based VR businesses wherein you lease an arena, accessorize it with VR equipment, and provide the public with a VR experience.
- Provider of VR products and services to other businesses through which you can offer VR products and/or solutions to other businesses.
- Businesses that are based on the VR community and carve out business functions.
By following the given steps, you can start a Cyber Security Service Business
- Attain professional certifications
- Create a cybersecurity-specific business plan
- Identify and analyze your target market
- Select your company’s legal framework
- Obtain a business license
- Secure finance and establish a budget
- Pick the appropriate location
- Market your services
- Cautiously draught client contract terms
- Reinvest in your business
The founders of this business face a problem called the chicken and egg problem.
The above list showed you some of the best tech business ideas that you can work upon to create your commercial empire. However, it must be noted that despite the uniqueness of every individual’s thinking process, there is a fair share of chance that others may have the same idea in mind as you.
Following the idea, your next concern should be to ascertain whether the concept you have in mind is scalable. If this is the case, you will need to employ the right app developers to successfully create your product.
Remember that running a tech startup company is not an easy task, so don’t be afraid to ask for help. A tech colleague like us can help you navigate this journey.
You have the basics down. Now choose your niche and build your business from the ground up!
We solve high-level tech issues Apply to us, and our domain experts will help you choose the most appropriate custom solution.
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30 Best Business Ideas for India
With a young population that is rising to leadership and technology driving growth and innovation, there are several business opportunities in multiple sectors that make India a great place to start a business.
General Business Landscape in India
The India business landscape is prepared to grow in multiple areas due to several factors such as international trade, government stimulus, and an overall strong developing country. With a young population that is rising to leadership and technology driving growth and innovation, there are several business opportunities in multiple sectors that we are going to explore today.
For each business idea, I am going to talk a bit about the opportunity behind it, its startup cost potential, and where you can get started to execute. There is bound to be a successful business idea here for you.
1. Social Impact Investment Funds
Social impact is becoming a priority in India as consumers are intelligent, and know what they consume has an effect on them and the earth. This business idea involves fundraising money from various groups of investors to create a fund that will invest in socially responsible and positive earth-impacting ventures.
There is a lot of demand in India for social impact, instead of just creating a business that makes money, due to the sophistication of people being quite high.
2. Cheap Home Solar Energy Setup Company
There is a large opportunity for residents in India to generate their own power and save money. For this idea, you would buy and setup solar equipment for people to install on their roofs or balconies since apartment living is popular.
The solar could feed into the main battery for the individual or building to provide additional power. To execute, you could start by finding 10 people interested in this service that will pay you before the work is done, and then you have the money to buy solar panels, creating a low initial investment for this business idea.
3. Community Generator/ Energy Supply Control
Inspired by the previous business idea of installing home solar panels. This business idea involved developing electrical generators that can store extra power for a small community. For this idea, one could approach different communities in Indian cities or towns to find the groups that need this.
This business idea for India sprouts from the problem that utility companies have of providing energy consistently and reliably to every person in the country. There is also a heavy reliance on coal that will eventually need to be shifted to electricity for sustainability.
4. Internet infrastructure Building Company
There is a significant growing demand for stronger and better internet throughout all of India. Although there are currently providers, there is a lack of internet speeds in the rural parts of India and even some issues with connectivity from the larger corporations. This leaves the business idea for starting an internet infrastructure in perfect light to execute.
Although this business idea is not low-cost, it would have a lot of positive impact on people and could make a lot of money.
5. India Culture E-Commerce Niche Store
E-Commerce is growing at a substantial pace. This is mainly due to the access to cheap labor and goods, as well as the ability to ship internationally at a fraction of the cost it used to years ago. This business idea specifically relates to selling cultural items from India.
Given that many people around the world appreciate the culture in India, many would like to have authentic pieces of art in their homes. By setting up an e-commerce store to fulfill this, you can solve that problem. The company would be low-cost to start, and you could begin by partnering with your favorite street vendors.
6. Warehouse/ Inventory Management for E-Commerce
Again, playing off the e-commerce trend, the warehouse management company for e-commerce would provide fulfillment for the e-commerce stores. Instead of an e-commerce store setting up its own distribution channels, buying fleet trucks, and warehouses to store the goods, this company would do it all for them.
You could start by buying large pieces of land to hold people’s goods. Then use a shipping company to send them to the places they need to go, this business idea could make money from holding people’s goods in the warehouse. As well, you could charge for each shipment sent. This is a larger-scale business idea, but also has the potential to make a lot of money.
7. Last-Mile Delivery Solution Company
In India, many shipping companies are facing the problem of having extreme difficulties providing delivery services to some rural areas. This is because the road infrastructure is not developed enough, or it is just very far from everything else. With this idea, you can provide last-mile delivery solutions by setting up a warehouse on the edge of the city limits.
Then, once the other shipping company gets there, you handle the final miles of the trip. This may involve buying a fleet of scooters or shipping trucks to deliver the shipments for the last couple of miles. Places that regular shipping companies are not willing to do.
This company would need some investment to fund the warehouse outside city limits, as well as vehicles or drones for the last-mile delivery service.
8. Mobile wallet payment solution
Cash is a huge part of business transactions in India. People are more comfortable using cash than other payment methods. Until now. The growth of mobile payment solutions is ripe for extreme growth.
A significant portion of the population has smartphones and relies on them to communicate, do research, and watch entertainment.
This business idea would require a decent amount of startup capital, however, because this is directed for business in India, there is a wealth of programmers and coders that one would have access to. Making the startup costs lower, and more reasonable.
9. Compliance & Regulations Management for E-Commerce Stores
As I mentioned before, e-commerce business ideas are ready to blow up in India due to multiple factors positively influencing the market. With this, comes a lot of compliance and regulations that need to be followed. This company would provide those solutions to other e-commerce companies so they could operate legally.
Since the government is always looking at new laws to implement in the business environment, this idea would help many other entrepreneurs navigate the field of compliance and regulations.
This is a low-cost business idea that could be executed by using only yourself and your knowledge of the industry regulations.
10. Blockchain Tracked Bank Ledger for E-Commerce Transactions
The blockchain is a growing technology and is going to become an essential part of the business in the Indian marketplace in the coming years. The government has set up support funds to help the development of technologies like this and the Internet of Things, leaving this business idea ripe for making money.
The blockchain tracking bank ledger would allow e-commerce store owners to track where their payments are coming from, verify they are secure, and be able to accept money faster. There is a large problem with the current “Cash on Delivery” system where the money is only collected once the goods are delivered. This creates a large cash flow problem for stores that could be solved using this trustworthy and verified technology.
11. IoT Home/ Builder Consultant
The Indian government has released plans to support the development and innovation that is happening with the Internet of Things technology. This support is a huge opportunity for businesswomen and men to create a startup that services this area. One related business idea is to be an internet of things Home Builder/ Consultant.
You would work with developers or existing homeowners to transform their living space into one that is automated to their liking. Turning their regular home into a Smart Home.
This business idea would be low-cost to start, as the parts for the IoT installations are quite cheap, and you could find clients that would pay you up-front for the services.
12. Solar Electrical Smart Grid Company (IoT)
Again, with the support for the IoT market, and the growing need for more reliable energy sources, there is a great opportunity for providing a solar electrical smart grid. This company would set up the internet of things networks and sensors for each household or building attached to the electrical grid. From there, the electricity use could be monitored from a remote location.
During the peak power demands, the smart grid company would have the ability to re-route power to certain areas for providing enough energy at peak demands or for restoring power to an area that lost power from one part of the electricity grid.
This idea would be high-cost but also could be subsidized potentially by the Indian government.
13. TV Ad Specialist Company
Consumption of TV India is a popular past-time and even a great place for people to gather and enjoy their favorite shows. With this popularity comes a business idea that specializes in creating and managing companies’ TV ads. This would involve creating the ads that would go on TV for the company.
To execute, one could start approaching companies that are already running ads on TV, or one can approach competitors who don’t have ads on the TV and they can be your client. There is no sign of TV usage slowing in India so this is a great business idea.
Startup costs would involve studio space, green screens, cameras, and lighting to create the ads you need.
14. Mobile Ads Specialist for Businesses
The use of mobile phones in India compared to that of the United States or Canada is incredibly different. Cell phone usage is high, and there is a growing demand for continued use as well. This presents the business opportunity to develop mobile advertising for companies that do not have the knowledge or bandwidth or do this.
This idea would specialize in creating mobile ads for companies so they can reach potential customers more effectively than traditional print media.
It could start out as a low-cost business idea if you have some marketing or advertising skills, as you don’t need much to create mobile ads.
15. Biometric Sensor Company
Biometric sensors are the kind of sensors that scan for your eye or your finger to specifically identify an individual. With the growing need for higher security measures and the support from the Indian government for the Internet of Things technology, it won’t be long until people are putting biometric sensors in everything.
This business idea would develop and sell these sensors to companies that would install them into products or services. There would need to be a medium-sized investment to make this happen as one would have to rent or build facilities to manufacture the sensors.
However, there can be high financial rewards as multinational companies would likely want to do business with you as they use biometric sensors more and more.
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16. Rural Drone Delivery Company
As mentioned previously, there is a demand for providing shipping services to places outside of large cities. The demand for delivery to these areas is only going to grow as internet access increases and becomes better.
The rural drone delivery company solves this problem by providing service to rural parts of the country. Drones can easily be built to carry large parcels safely and securely. Additionally, they do not have to worry about the rough terrain in reaching these rural parts, and can simply fly.
To start this business you would want to buy a couple of drones, and then start making partnerships with businesses in rural areas that require regular shipments.
17. Blockchain Ledger for Shipping & Border Customs Company
Another blockchain technology company. This time it is designed around helping speed up and create efficient border shipments. With the huge exporting economy that India has, there are a lot of shipments that get opened and checked to avoid drug smuggling.
With the blockchain ledger for shipping, companies would register each package sent with the blockchain so customs could verify who it was from, what it is, and where it is going without having to open the package. This would save a lot of time and money.
To execute on this business idea, knowledge of how blockchain technology is developed would be needed. Once created, one could approach various e-commerce companies as potential clients to help them ship things faster, and make more money.
18. DDOS Cyber Attack Prevention Security Company
DDOS attacks (where hackers send so much traffic to a website that it crashes the server) are becoming a huge threat to some businesses in India. With the rise of fast internet speeds across the entire country, more hackers are going to be targeting companies as they grow.
This idea solves this problem by creating a company that can identify DDOS attacks, and prevent them from happening in the first place. Although some firms are already doing this, there is a lot of room to make money in this area. This would be a medium-cost business due to the server space that would be needed, as well as the software and coding needed to be done to create a DDOS prevention company. However, the creator could charge a lot of money for the service since some businesses could lose thousands of dollars in just hours if their website went down.
19. Web Designer
This business idea is not revolutionary, has already been done, but there is high demand for this. Many of the reports show the importance for small businesses to create websites for their stores. With this comes the need for web designers to help them as not all small business owners want to do this themselves.
This startup would be low-cost as you would only need some web designing skills and a computer to execute. Next, you can begin by approaching every local business in your town to see if you can help them.
20. Online Conversion Specialist
Again, with the rising demand and need for small businesses to engage with customers online, especially mobile, there are business ideas that will help these people struggling. An online conversion specialist company would involve helping people convert their online traffic visitors into sales.
Similar to the web designer business idea, this is a low-cost idea that could be executed on with just a computer and knowledge about how to write copy, and generate pages that convert people to buyers. This differs from the web designer business idea because you would primarily be working with companies that have established websites and want to convert their existing traffic into more sales.
21. Website to App Conversion Company
With the rise of the smartphone and higher bandwidths of the internet being available, there is growing demand to convert their websites or web apps into native mobile applications. This is not an easy process, so this business idea for India would make it easy for business owners.
If you already have knowledge of coding and how to make apps, this would be a low-cost business idea. As well, with the significant amount of programmers one has access to, it would not be hard to find a partner for this business idea to keep things low cost.
22. Wifi Installation Company
As I said before, the Indian government is spending a lot of time and money improving internet access for all. With this support, there is huge potential for growth for providing wifi internet solutions, as mobile phones become faster and customers demand internet everywhere. This company could start low-cost as buying supplies to install wifi routers is quite cheap.
To execute on this business idea you could begin by approaching public malls and areas with a lot of foot traffic, talk to the owners, and see if you can set up a deal to install the wifi hotspots. Once installed, you could make it open access for people to use for free and you could sell the data you get from that. Otherwise, a subscription or per-minute charge could be applied.
23. “IT as a Service” Company
IT as a service is a company that provides all the server and hardware space that other companies can outsource. This is becoming extremely popular due to the high level of IT professionals that can handle managing the hardware and equipment.
This business is low-cost, starting with only having a few servers, computers, and pieces of technology to outsource to your first customers. As you grow and grow, the company could continue to buy more supplies. This is also a great business idea for India because of the cheap equipment that can be acquired to use in the IT company.
24. International Trade Consultant Company
There is continued growth in exports and imports as international trade grows. To assist in this growth, you could start a company that helps other Indian companies expand their enterprises globally by providing your expertise and knowledge about shipping and handling products worldwide.
This idea is going to keep growing in popularity as the business grows. Another approach to this would be to help businesses in other countries conduct trade in India. Startup costs could be low at the beginning with a background in international trade.
25. Health Record Digitization & Sharing Company (Blockchain)
There will be a time when it is necessary for multiple doctors in different locations to access one’s medical records. For instance, one patient may use a doctor for a while, then move and switch doctors due to a closer location. Then there is the hassle of starting a new medical file or fetching the previous one from the doctor, which could never happen.
This company would set up medical records that could be securely and efficiently shared between registered doctors. The great thing is that the patients and doctors would be able to see who last accessed their files. Because blockchain technology is quite new, and the amount of health records is massive, this company would take some sizeable investment to create. However, with any big investment comes the potential for big returns.
26. Disaster Relief Location Finder Mobile App
The rise in mobile phone use also creates a lot of opportunities to help people in times of need. The Disaster Relief Location Finder would use sensors all over the highest buildings, along with ones running on tectonic plates, and areas prone to hurricanes. This way, when signs of a disaster start to appear, the sensors would detect it and send messages to the users to take appropriate action.
Secondly, it would send out a location signal to everyone in your family so they know where you are in case a disaster strikes. The app itself would not need that much investment to create, however, the setup of the sensors would be the costly part. To make money, you could charge a subscription service, as it provides peace of mind for people in disasters.
27. Vinyl Record Developer
In 2016, Vinyl records hit an all-time high for sales EVER in their history. This shows that there is a strong niche market.
For this company, one would set up a small shop or warehouse to develop and print vinyl records. There are not many people that do this so providing this could serve a great niche audience. Investment for this would be related to machines that could do this. If you are interested in the music industry, this is a great business idea for India.
28. E-Commerce Vinyl Record Store
Continuing with the e-commerce trend and the vinyl records trend, this online vinyl records store would sell rare or popular vinyl records. If you could find a manufacturer in India somewhere, you would be able to get cheap records and sell them for higher prices worldwide. This is a low-cost business idea that almost anyone could execute on if they had a passion for vinyl records.
29. Peer to Peer Business Lending Company
Peer-to-peer lending is a great business model because it can help communities and people who need loans the most, as well it does not cost a significant amount to start. There is strong demand for this because not everyone wants or can access the bank for a loan, so the peer-to-peer lending platform is great.
Investors would put their money up for loans and receive a great interest rate. It is an alternative investment firm. To execute, you would begin by building a safe a secure platform where people could upload their money and a way for users to create profiles with accurate credit scores.
30. Skyscraper Greenhouses
Land is becoming a scarce resource as the population and city densities grow. This has created the problem of providing fresh vegetables and fruits to communities in a cost-effective and sustainable manner. By building greenhouses that are vertical, like a skyscraper, with multiple levels of different fruit and vegetables, one could harvest produce for a city or town using a building.
This would eliminate transport costs, allow for fresher food, and take up less space than the traditional farm. Additionally, over time robots could manage each level of the facility, in conjunction with sensors to monitor temperature, humidity, etc, to grow the perfect produce.
This is a high-cost idea because a building would need to be bought, however, it would provide a lot of great value to the community and could generate a lot of money in the long run.
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30 Profitable Tech-Related Business Ideas to start now
Many people aspire to do business. They would have done their higher studies and do not want to start any small business which is irrelevant to their education. If you are tech savvy and want to start a tech business or tech-related business, then you are at right place. In this article we would provide 30 profitable tech-related business ideas to start with low to medium investment. These tech startup ideas in 2023 can be further filtered based on your passion and size of the investment.
Also Read: Best Future Business Ideas to start in 2023
What do we mean by Tech-Related Business Ideas?
By Tech-Related Business Ideas, I want to point out those business ideas that require some sort of skills and knowledge in the field of technology. Today, the world is driven largely by technology and the people who are not tech-savvy are lagging. All the businesses and entrepreneurs, whether big or small are incorporating the latest technologies to excel in their business. This has opened up many new avenues for people who are tech-savvy and fast learners.
Who can start these businesses?
Many passionate and young aspires are masters in a particular set of knowledge or skill in the field of technology, but they do not want to be the puppets in their boss’ hands. They want to initiate their start-up and work hard for their development and progress.
There are many business ideas that are somehow related to the use of technology. We have penned down a few for you.
1) AI entrepreneur
AI refers Artificial Intelligence. It is a field of huge potential and immense opportunities. If you have considerable knowledge about AI, you can initiate an AI business. You can choose a small part of it and make progress on it. E.g. a device activating with voice. The future is all about AI, hence this is one of the best future technology business ideas to start in 2023.
2) Online school
The world is moving rapidly as the technology is developing. Even the schools and educational institutions have started imparting education online for distant learners. So, starting an online school could be a very lucrative idea. Considerable know-how of technology could help you in doing that. You can also hire a few teachers. This is one of the profitable tech business ideas.
3) Big data analytics service
Big data is another buzzword that has spread across the tech industry these days. With the huge amount of data available, many corporate companies are finding it difficult to have a summary. Hence, many corporates seek data analyst services who can interpret meaning out of large chunks of data. This service has proven to be successful for many businesses. Such service would help for better product selection and boost the sales of the company.
4) Tech blog
If you are an expert in any particular technical field, you can start writing blogs for it. For example, if you have in-depth knowledge about the features of the mobile, its value for money, and other pros and cons, you can start writing blogs about the mobile models of various companies. Believe me, if you can attract good readers, you can earn a good income from it.
5) Computer training
The world today is living at the mercy of computers. The major part of the work in offices is done through this machine. So, if you are quite savvy with it, you can open your computer training center. Here, you may train children and adults on a particular software or just teach basic computer operations. This is an evergreen tech related business ideas to start in India.
6) Blog consulting
If you are an expert in blogging and find fellow bloggers seeking your advice and tips on blogging, you can offer blog consulting services. In this business, you can ‘farm out’ writing and other blog-related projects to third parties.
7) Web designer
This business is always in demand as almost every company needed creative hands who can make an attractive website. If you are good at graphic designing, interface design, copy writing, UX design, you can surely rely on these skills and opt web designing as your career. This business has immense opportunities as it has generated around $38 billion in the last few years.
8) Computer repair and management
Nowadays almost every industry from all the sectors use computers and they are subject to get damaged quite often. So, if you have a technical background, you can provide services to operating systems while supporting all major platforms.
9) Social media consulting
Big and reputed brands often hire social media consultants who may help them to promote their products on social media sites. If you are a social media expert, you can choose to become a social media consultant and gain a contract from a few companies. This is the best technology related business ideas that focuses on brand building of companies especially start-ups.
10) Device for car tracking
Many people are getting the device for car tracking installed in their cars or vehicles. You can come up with a business in which you can install a car-tracker as well as provide the services for repairing it. Fleet operators and people dealing with public transport, especially use them to track and manage all their vehicles. This is one of the best innovative ideas in information technology.
11) Create a chatbot – There is a big market for chatbot or IM robot today. It is a computer program that can chat and communicate with people online. Several websites and applications require chatbots. Thus, creating a chatbot is relatively a profit earning business.
12) Streaming service for videos – People spend hours daily watching video content. All content, be it entertainment, education, beauty, etc. receives millions of views. So, if you have any such talent you can opt to start a streaming service.
13) Mobile app for shopping – Today, people don’t want to step up the shops for their needs and luxuries. They just want to sit in their cozy arenas and do online shopping. If you possess considerable knowledge about creating an app, it could help you in creating an online shopping app. All you need to do is get a few retailers who would sell their products on your application.
14) Set up an e-Library – With the onset of technology, everything is done online. People have been fond of reading books for ages. So, why not reading books online. You can set up an E-library with people from all around the globe would visit your website, rent, download or buy E-books, audio, documents etc.
15) Run an internet cafe – Internet cafe are pulling a large number of individuals every day. A place with free wi-fi and coffee are highly preferred by people like freelancers. You can start with a small place with a calm environment and speedy wi-fi.
You may like: 20+ Small Business Ideas to start with Rs 1 Lakh
16) Software developer – If you can make a user-friendly and alluring software, then becoming a software developer could prove to be a very profitable business. You can make software for small and medium enterprises. You can take a few contracts from different companies and firms. This is one of the best software business ideas to start.
17) SEO consultant – SEO means Search Engine Optimization. Publishers and businesses online want their website or web page to appear on the first page of the Search Engine. There are many ways to do this. So, the companies hire SEO consultants who can help them to do the task.
18) Creating social media networking site – If you possess good skills about creating a networking site, then you can create your own social media networking site. You can enhance your site with a few creative and new ideas. You never know when your site could be as famous as Instagram or Facebook. So, this is a highly profitable business idea.
19) UX testing or design – If you are quite good at coding, UX writing, user empathy, etc. then you can choose to become a UX designer. Acquiring and integrating the product, including branding aspects, usability and function are involved in this business.
20) 3-D Printing – If you are looking for small scale technical business ideas to start, you can check 3-D printing business. In today’s fast-growing world not only 2D documents, but 3D documents can also be printed. Getting a 3D printer isn’t enough for starting this business, you also require few other skills such as 3D graphic designing, engineering skills, soft skills, etc. If these are embedded in you, you can start your 3D printing service.
21) Podcasting platform – Podcasts are audio files available on the internet. The popularity of podcasts is increasing than ever before. Still, there is a lot of unexplored space in this field. So, coming up with a podcasting platform can prove to be highly lucrative.
22) Creating a live chat platform – Today many websites provide the facility of live chat platforms on their websites for their clients so that they can communicate with them directly in real time. It is very useful in getting their customer feedback and improve sales if you have the technical know-how of this, you can create a platform or plug-in to sell to companies.
23) Renting of gadgets – People often want to try out a few things before buying them or they just need gadgets for one time use for a project or an occasion. This means they would like to rent the gadgets so that they do not need to pay full price to buy it. You can buy a few gadgets and put them on rent. Few examples of such gadgets are projector for presentation, a drone for aerial photos, fit bits, phones, gaming systems, etc. This idea involves a bit of investment along with the market research as to what people want to rent. It is one of the new innovative business ideas in India that are emerging now.
24) Services in cloud computing – Traditionally, information or data was stored in physical servers, hard discs or desktops but now with business and organizations getting global, many people want their files or data to be accessible to different places at the same time. Cloud computing is a very popular area of technology where information is stored on the web. You can provide services of cloud computing to your clients. This is one of the top future technology business ideas to start in India.
25) Selling refurbished phones – Every individual has a mobile phone today, but not everyone can pay the top price for the latest smartphone. So, there is a huge market for refurbished phones. You can get used phones, refurbish them and sell them at a lower price.
26) Repairing smartphones – If you possess the necessary skills to repair smartphones, it could be one of the most profitable ventures. Mobiles and smart phones have become one of the necessities of people after food, clothes, and shelter. Smartphones are so delicate that they are subject to wear and tear in daily life. People would be much happy to pay the repair prices instead of replacing it.
27) Start a shop for all tech – If you are tech-savvy in the entire range of technology-related products you can set up a retail business for things tech. It could be for repairing, selling, or refurbishing or a collection of all. You can create a one-stop shop for people who are looking to buy or get repaired all their technical products.
Also Read: Which is the business idea that is evergreen?
28) Create an online services website – People are now a days don’t want to run here and for each and every small thing. It could be for plumber services, electrical repairs, getting certificates from government offices etc. These activities are time consuming and really painful. One can create such list of services on online website and charge necessary fees.
29) Conduct online research – Conducting research online is a skill. A lot of companies hire people to conduct online research and collect necessary data for them. You can take on this business and create good profits out of it.
30) Set up computers – Sometimes people know how to run a computer, but they do not want to take the hassle of bringing the computer in the usable state from its packing like installing desired softwares, putting in an operating condition, etc. You can perform this task for them, and they will pay for it.
Conclusion: For passionate individuals who are well acquainted with the digital world, there are plenty of business opportunities for them. You just need to pounce on an idea, modify it to your needs, and work hard on it, success will follow.
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Please advise some innovative businesses to start in 1 Cr
good, try to find some unique ideas…
So helpful to learn that there are so many opportunities to start a profitable tech-related business. Thank you for sharing.
Please give some more detail about (device For car tracking) business, how to start this from scratch.
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- 48 Best Tech Startup Ideas 2023
- Startup Center
- Startup Ideas
Last Updated: January 9, 2023 By TRUiC Team
Technology is intimately intertwined with our daily lives making potential success for tech startups possible with the right idea and the skill to take on the challenge of starting your own company . Like most startup ideas , tech startup ideas typically involve identifying a problem and developing a profitable, creative, technological solution. Find the right idea for your future startup with the 48 best tech startup ideas in 2023.
Also Recommended: Get inspired to launch your own successful tech startup by checking out our list of the best tech startups to watch !
Profitable Tech Startup Ideas
One of the most exciting things about the tech space is that it's no longer just software and apps. New technology is making its way into every part of our lives, and the landscape for tech startup ideas is really promising. By combining knowledge of almost any industry with some digital savvy, it's possible to create actionable startups that may just change the world.
We've put together some of the most exciting tech startup ideas currently available.
1. App Development
We use apps for practically everything these days, from leveling shelves to keeping up with our fitness goals. App startups create streamlined versions of daily tasks, entertaining pass times, or solutions to widespread problems. If you’ve got an idea for a unique app, this could be the tech startup idea for you! Keep in mind that it’s essential in this popular industry to do your research and establish that your idea hasn’t already been developed and that there is a market for it.
Learn more about starting an app startup from the founders of So Syncd !
2. Software Development
Creating, distributing, and maintaining the programs businesses use every day is the foundation of a software startup , and with annual revenue of $238 billion per year and an annual growth rate of 3.9% , there is no telling how much growth potential this industry has for a savvy entrepreneur with a distinctive startup idea.
Check out our interview with software startup Paperform !
3. VR Company
The virtual reality (VR) industry is growing quickly with no end in sight. In fact, it’s expected to grow in market size from $6.2 billion in 2019 to $16 billion by the year 2022 . If this sounds like a startup idea you want to cash in on, then begin brainstorming a VR concept, and get to work. There are typically three categories VR startups fall into: selling VR products, creating a VR experience, or other community-centered startup models. To decide the right VR concept for your future tech startup, gauge the interest in your location, identify any other VR companies in the area, and choose an idea that offers a one-of-a-kind VR experience.
4. AI Company
Next on our list of tech startup ideas is AI. What was once the stuff of sci-fi movies has increasingly become a part of our everyday lives. Artificial intelligence (AI) is a rapidly growing industry with a myriad of opportunities for tech-savvy entrepreneurs. However, with AI companies becoming more common, your startup must challenge the status quo with innovative offers that set them apart. To come up with a marketable AI product, consider problems that companies and individuals need solutions for, and you can create the AI company to solve them.
See our interviews with the founders of AI startups Neatsy and Virtual Sapiens .
5. Website Development
Website development is a tech startup that is in demand from businesses, bloggers, and more. The skill to develop a well-crafted, user-friendly website is the main requirement for this tech startup. However, to introduce a startup that will grab customer’s attention, you’ll need to focus on your competitive edge. This could entail unique templates, free marketing tools, or top-tier business features; unique offerings make a splash with customers and make choosing your services a no-brainer.
6. Telehealth Service
Telehealth technology has been an extremely important tool in the recent transition to hosting all kinds of health visits online. With no end in sight for virtual doctor visits, this industry is ripe with potential for entrepreneurs. A successful telehealth service needs to have the highest level of cybersecurity, a platform that is easy to use, and communication technologies that allow healthcare and patients to communicate stress-free.
Get inspired to launch your own telehealth service by checking out our list of the top healthcare startups to watch !
7. Ecommerce
Ecommerce startups are growing in popularity as brick and mortar shops temporarily close all over the US. The most successful tech startups of this kind target a specific market with visual sales tactics and a well-curated selection of items that appeals to their demographic. Start by identifying a market that isn’t super saturated or a demographic that is being overlooked, preferably one that you are passionate about and excited about. Then, get to work creating a visual oasis that will provide customers with a go-to website for their shopping needs.
Check out our list of ecommerce startup ideas .
8. Edtech Startup
The education space has existed in the digital realm for some time, and there's no doubt that everyone, from full-time college students to employed lifelong learners, are looking for educational solutions that fit their lifestyles. There are many options for edtech startups today, including the use of big data, artificial intelligence, and blockchain technology to enhance the education experience and make learning more accessible.
See our list of startup ideas for education entrepreneurs .
9. Social Media Influencer
Social media influencers create a strong brand centered around their personality and lifestyle. Creating engaging and marketable content while maintaining a rapport with brands, followers, and other influencers is key to being a successful social media influencer. Since this industry is saturated with aspiring influencers already, you’ll need to focus your efforts on creating a distinct, appealing brand that will result in rapid growth.
10. Podcasting
With 104 million Americans listening to podcasts monthly, this market has exponential room for growth. Podcasting requires a niche topic, a charismatic host, and a market that will tune in regularly. With more and more podcasters popping up every day, the time to plant your flag as an expert in your field of interest is now.
11. Biotech
Biotechnology can be quite a complex space to get into — as anything to do with medicine or related matters is strictly governed, but if you've got a background in the medical industry, you'll find it far easier. Biotech startups need to be highly solution-focused, and if you're getting into this startup niche, that must be your first consideration.
12. Cybersecurity
Today, we use technology for some of the most important tasks in our daily lives. From online banking to hiring plumbers, everything we need to do is available online. That’s why cybersecurity startups are essential and profitable. The key to starting a successful cybersecurity company is to build trust with customers, giving them not only a reason to allow your startup access to their private information but to choose you to protect their data over one of your competitors.
Check out our interview with cybersecurity startup AaDya Security !
13. Digital Marketing
Digital marketing is now a legitimate and completely separate field from traditional marketing, and the solutions required are as diverse. With far more entrepreneurs now building their own businesses, grassroots tools and services for this space are in high demand. Innovative digital marketing startups can be a huge success if they focus on solving the right problems in the right way.
14. Fintech
Financial technologies (fintech) are helpful tools for those of us that need assistance to manage money or make smart investments. Fintech startups develop the technologies to make financial management easy and attainable for everyone. This startup offers a lot of potential for entrepreneurs who have a creative idea to make finances and investing more attainable. For example, apps that hold users accountable for reaching their savings goals or successfully invest in stocks are popular examples of fintech startups.
Check out our interview with fintech startup Debbie !
15. Drone Company
A drone company is next up on our list of the best tech startup ideas. The drone industry offers a wide range of opportunities for tech entrepreneurs. From providing services such as drone photography or videography to developing and selling drones you created, choosing the right drone startup for you depends on your skill set, investment capital, and the demand.
16. SEO Services
Search engine optimization ( SEO ) services are in high demand by businesses and individuals who want to boost their site traffic and reach new audiences. If you’re an SEO expert, parlaying your SEO skills into a startup can be a very lucrative endeavor that helps customers get the most of their online platforms. Since this is a result-oriented startup, you will need to fine-tune your SEO skills to be successful and to ensure your methods show noticeable improvement in the customer’s site traffic.
Feeling inspired? Learn how to start your own tech company by visiting our comprehensive guide on how to start a startup .
17. Cloud Technology
The world of cloud technology is rapidly growing to meet the demand for more and more people working from home. To start a cloud technology startup , you’ll need to begin by acquiring hardware (a server) and software (a hosting control panel). Additionally, it is absolutely necessary to dedicate resources to marketing your business to appeal to new customers and build trust that will make them feel confident that your startup will protect and store their valuable data.
18. Chatbots
Chatbot development startups provide a service to businesses looking to install a digital point of contact for customers navigating their site. Chatbots can save businesses money in labor by allowing these helpful bots to answer questions and direct customers towards products or services they are searching for. With this industry growing rapidly, it's important that your startup stands out. Do this by offering an effective, top-tier product and special features such as a unique take on the chat window.
19. Tech Consulting
There are a few different types of tech consulting startups, and the first step to starting one is to establish the services your company will offer. For example, your business could offer consulting services for businesses looking to better understand how to use information technology (IT) to make more educated business decisions. Your tech consulting startup should be centered around your skill level and the amount of demand there is for your specific services.
20. AR Company
Next on our list of top tech ideas is AR. Augmented reality (AR) startups create recreational and functional products that allow users to virtually alter their physical surroundings. Doing market research about existing AR products will help you create a product that can be played or used in new, inventive ways. For example, since AR is such a helpful tool, consider a widespread problem that could be solved or helped with this technology, and run with it.
21. Video Games
With over $43 billion spent on video games in 2018 , it’s safe to say that there is an extensive amount of video game lovers to market your product to. The catch is you need to create a game that incorporates popular gaming methods and content with a unique take that will take your game to another level. If you don’t have the skills to develop your game idea, consider collaborating with an experienced game developer that shares your vision.
22. Smart Accessories
User experience is the name of the game when you’re developing a smart accessories startup. The first step is to identify a common problem that your accessory could solve or a way that a device’s user experience could be enhanced. Next, develop a prototype and test its usability; once you’re satisfied with your smart accessories performance, your startup is ready to be born.
23. Social Media Platform
More than ever, people are looking for new social media platforms to connect with like-minded people which makes this a great time to start your own social media platform. Consider identifying groups of people that are being overlooked by current platforms or a type of social media engagement that is lacking. For example, Instagram’s use of photo sharing was groundbreaking and developed a platform that is user friendly and fun.
Check out our interview with social media startup Privee !
24. Robotics Company
This isn’t a startup you can start without either personal experience or a network of experienced engineers. If you are up to the task, however, a robotics company can be an extremely lucrative tech startup. Start by designing products that meet the needs and wants of your customer base by assessing the widespread problems that could be solved with this type of technology.
See our interview with the founders of robotics startup Trashbots .
25. Natural Language Processing (NLP) Startup
NLP is a subfield of artificial intelligence (AI). It's the technology that is used to help machines understand human language and is often used in tools like spelling and grammar checkers. A wave of startups is emerging from the availability of open source NLP software, and if you've ever considered getting into this field, there's no better time.
Launching a tech company? Build your startup website today with GoDaddy !
26. Autonomous Transportation
Next up on our list of tech business ideas is autonomous transportation. The concept of self-driving cars was once designated to fictional books and movies. Today, however, autonomous vehicles are making a splash in our daily lives with several cities working to implement this technology into their public transportation services. This is a startup that will require prior experience to get started. If you have the skills though — this tech startup idea has the potential for profitable and rapid growth.
27. Smart Home Technology
The popularity of smart home technology is increasing as consumers look for tools to streamline their life at home. A smart home technology startup can provide consumers with products that make everything from charging their phone to listening to music easier than ever. The key to a successful startup in this industry is to develop an idea that is super easy to use without sacrificing the innovation needed to catch your customer’s eye.
28. Streaming Service
With 62% of adults subscribing to streaming services in the US, streaming services of all kinds are drawing in large numbers of subscribers that you could be tapping into by starting a streaming service of your own. If you are a skilled curator for a genre of music, film, or other media, a streaming service startup that centers around a niche market can be a great way to appeal to a demographic whose needs aren’t currently being met.
29. Legal Tech Startup
The legal system should really be one of the most structured, but, in reality, it can often be a difficult space to navigate in terms of finding information. This problem is one that legal tech startups are seeking to solve with technology that makes case law, policies, and regulations searchable and easier to access than ever before. With so many different branches of law in existence, there is opportunity in this space for everyone with keen interest.
Check out our interview with legal tech startup Courtroom5 !
30. Customer Experience Management
Customer experience management (sometimes referred to as CEM or CXM) extends beyond the realm of customer information management. With this type of tech startup, you provide management, sales, marketing, and customer service for businesses all on one platform. A unique take on this startup is required to take on existing services such as additional features and services that set your business apart.
31. NFT Startup
The creation of non-fungible tokens (NFTs) has birthed a major opportunity for those in the startup arena to benefit from new income streams. NFTs can be used to create new business models, extend the usefulness of existing products or services, enter new markets, and access entirely new potential customer markets.
Read our list of the top NFT startups to watch !
32. Remote Work Software
The explosion of remote work in the last few years is no secret, and with so many individuals and businesses now involved in working away from a structured office environment, solutions are required to some of the problems that have cropped up. Software solutions for work-from-home situations can take many forms, from communication platforms to video conferencing. Whatever the problem you identify, a solution will be gratefully received by remote workers and their employers.
33. Content Automation
In today's world, content is king, and everyone is creating it — from individuals to entrepreneurs and businesses. Automation of this content is a problem that takes various forms, and as soon as one set of issues is resolved, technology changes, and that solution is no longer viable. Content automation startups are definitely a beneficial space to be in if you can come up with new and innovative solutions to the pains content creators are experiencing.
34. Online Job Board
More and more people are taking to the internet to find employment or post job openings. An online job board startup can cash in on this growing demand by creating a platform that makes the hiring and job search process easier for everyone involved. Differentiate yourself from the competition by creating a job board for a specific industry or modifying the traditional hiring process with new, creative ideas.
35. Time Tracking Software
Time tracking is no longer just for big corporate companies with employees on the clock. Today, freelancers, remote workers, those on hybrid-working models, and many more have a need to track the time they spend on various projects to ensure accurate costing and project management. Industry-specific solutions are big business for startups in this space.
Looking for more inspiration? Check out our list of the top startups to watch in 2023 !
36. Last-Mile Delivery
Last-mile delivery is a concept predominantly concerned with logistics and manufacturing of consumer products. It refers to the service provided in order to get a product from its point of manufacture or storage into the customer's hands. Startups offering this service can be found in a wide range of industries, and the possibilities for models and concepts are almost endless.
37. Ebook Writing
Ebooks are an emerging market for aspiring authors looking to grow their readership and diversify their market strategies. With more and more people staying home, the market for easily downloadable ebooks is stronger than ever. If you’ve got a knack for writing, an ebook startup is a great way to share your stories without the cost of going to print.
38. Extended Reality
Extended reality combines physical and virtual realities by using wearable or computer technology, including augmented reality, virtual reality, and mixed reality. Uses for extended reality are surprisingly numerous, and the technology is frequently used in the automotive industry. Startups in this space are beginning to emerge, and it's a fortuitous time to break into extended reality solutions.
39. Food Tech
The food tech industry is not just about ecommerce anymore. Startups in this arena are using technology to solve problems all the way from the point of the consumer right up to restaurants and catering concerns. As the world changes and we become more conscious of what we eat, the desire to better control food sources and consumption across the board also presents opportunities for startups in this space.
Check out our list of startup ideas for food lovers !
40. Graphic Design
Businesses like Canva have proven that graphic design is no longer the sole domain of highly-trained artists, and the market for tech in graphic design is now larger than ever before. Creating tech solutions for the graphic design industry can mean anything from making professional-looking designs accessible to the person on the street all the way up to automation services for large design firms.
41. Internet of Things (IoT)
The term IoT refers to a network of physical objects that are fitted with software, sensors, and similar technologies which help them to connect and exchange information with other systems and devices through the internet. Startups in this space are diverse and focus on linking various items in multiple industries. If IoT has an application that will provide a solution in your industry, you may have an IoT startup idea.
42. Affiliate Marketing
Affiliate marketing is when a person or business earns a commission by driving sales for another partner brand. This space is growing fast, and it's a very popular way to diversify revenue streams. Launching a startup related to affiliate marketing can mean anything from affiliate code app tracking to platforms that link brands up with vetted influencers and businesses.
43. Tech Repair Services
The tech industry, like everything else, runs on a continuum, and eventually, everything breaks or malfunctions in some way. As tech startups in all spaces boom, tech repair services are going to be equally important, and fast and affordable solutions are required to keep other industries running smoothly. If you're thinking of a tech repair startup, consider niching down your services by focusing on computer repair, for instance, to ensure you have a unique offering.
44. Blockchain Startup
Blockchain technology promotes the fast and easy assimilation of data and transactions between individuals, companies, and applications. A blockchain-based tech startup can really be focused on any industry. If you're solving a problem using this technology, that's the key.
See our interview with the founder of blockchain startup Dragonchain .
45. Real Estate Tech
As the world becomes more connected, it is no longer unusual to find people living and working in many different parts of the world. As a result, the local real estate agent with their 'sold' signs on lawns just doesn't cut it anymore. Consumers searching for real estate, whether for rental or purchase, want to be able to carry out the entire process seamlessly and preferably online, so any real estate tech startup that solves a problem in this continuum can be successful.
46. Online Coach
Help customers reach their personal and professional goals by creating an online coaching startup. The beauty of an online coaching startup is that there are limitless possibilities for the type of coaching you can do. Whatever your specialty is, there are most likely people looking for help in that area. The goal is simply to give customers the tools and support they need to reach the important milestones using your interpersonal skills and expertise.
47. 3D Printing
The possibilities presented by 3D printing are being recognized on a huge level across the world. The technology is being used in everything from construction to medicine and even the military. By using this technology in a startup, you'll be making an early entrance to a world in which 3D printing will be the norm sooner rather than later.
48. Data Analytics Startup
Data is a commodity in almost every industry, and how that data is utilized often makes the difference between mediocre companies and hugely successful ones. Analyzing data effectively is an art and requires a combination of technology and human participation. Startups in this space can focus on many different industries as each space will have its own unique requirements for what they want to achieve from their data analytics.
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Ever had a headache to find a great idea for a tech startup?
You know the best way to start a tech business industry is to get an idea . But 2020 and 2021 weren’t that great for most businesses out there due to the pandemic situation.
However, any crisis can bring out the perfect business solution; all you need to have is the right idea to tune in to the situation. As an example, look at the sales businesses made by selling facial masks and sanitisers.
The post-Covid world will mainly depend on the power of the internet, and for the same reason, most businesses are rapidly moving online.
Over the past several months, you might have witnessed how the pandemic had forced many small and large scale businesses to move online. This massive online migration of small and large scale businesses unfolds new possibilities for tech startups to build unique models for these businesses .
So, why don’t we spend some time together researching some promising new tech startup ideas that could help you build your business empire!
What are the Best Tech Startup Ideas to Watch for in 2022?
One thing is for sure: the evolution of technology in recent years proves that unless businesses are adopting the latest available tech in the market, they will get eliminated from the game of business.
With a rising number of new tech or software startups growing and receiving funds for their unique business models, many new opportunities are arising for them amidst the Covid-19 at rampage.
Let’s get straight into the complete list of 21 promising tech startup ideas that have impacted 2021 and will have immense potential in 2022.
Here are the Most Profitable Tech Ideas for Startup:
1. artificial intelligence.
For the past decade, AI has been gaining a lot of attention, and there’s no doubt AI would evolve even further. In the future, most mainstream businesses will be equipped with AI, thus opening numerous tech startup opportunities.
Nowadays, AI can read for us, speak, write, hear, see, and analyse things in terms of videos and photographs. All of this is completely transforming organisations and helping them re-imagine and streamline their business processes. Read the advantages of AI in mobile app development .
For many industries, this Covid-19 pandemic was disastrous. But, it only accelerated the use of AI across the U.S economy. During this time, many companies started to create new services for remote workers and students. They build up online shopping, dining options, make customer call centres more efficient, and speed up development of essential drugs.
With the increased infection rates and bio lab cases due to the pandemic situation, AI plays a crucial role in maintaining the analysis of those overwhelming volumes of data.
Today, one out of 10 organisations uses more than 10 AI applications. It includes chatbox, security, fraud detector, and more. The increase in adoption of machine learning across industries has proved that how its algorithms and techniques are solving complex real-world problems efficiently.
AI.Reverie, Anodot, Dataiku, BigML, etc., are examples of leading AI startups shaping the AI industry.
The business you choose should resonate with your skill and market demand. Love to code? Then a build a software company. Check out some trending business ideas now .
So, from healthcare to IT services and cybersecurity, startups have a plethora of areas to be explored. And in 2022, the demand for them is only going to increase.
2. Telehealth and Virtual Medical Services
The one thing that changed a lot in the health industry during the past year is tech’s tremendous medical services involvement. For this case alone, many tech companies are streamlining their services for the healthcare industry.
Recent studies have shown that telecalling the patients could resolve about 80% of primary medical attention required. Furthermore, hospitals can improve their online healthcare system with the aid of virtual medical services.
These services open an abundance of tech startups opportunities to compete against more prominent players within the same industry. The demand for such services is increasing day by day as more and more startups discover its benefits like:
- It can help cut costs
- Shorten wait times
- Bring healthcare to people in rural areas
- Keep a close eye on newborns
- Help keep at-risk patients healthy by providing quick check-ins
It is not a pleasant way to wait in a doctor’s office and spend a long time. By having contact with other sick people, there’s a high chance that people might leave with diseases worse than what they came with. Telemedicine help avoids such risks, and that’s why it is booming now.
Read: Most Important Features Needed When Developing a Healthcare App
See how Telemedicine The Future Of Health Care.
3. Remote Working
As the Covid-19 pandemic has hit worldwide, “Work from Home” abbreviated as WFH, has gained popularity across the tech industry. But as months passed, we know how things escalated quickly.
Issues started arising as more and more companies began switching to a remote working model. Like it becomes more challenging to highlight professional achievements, the engagement between workers becomes much harder, etc. This problem gave rise to tech solutions like personal remote process automation.
Also Read: How to Work Effectively with Your Offshore Development Team: A Detailed Guide
4. EdTech Startup
The industry that gained the most attention during these uncertain times is the education industry. When students, teachers, and their families feel burned out from pandemic learning, companies that market online learning tools to schools were enjoying a coronavirus windfall. Investors are happy to invest high in EdTech startups.
According to CB Insights report , (a firm that tracks startups and venture capital), venture and equity financing for EdTech startups has more than doubled. This means it rises from $4.81 billion in 2019 to $12.58 billion worldwide last year.
With all those schools, institutions, and other academic centers taking their business entirely online, startups secure funds and grow even as Covid-19 continues.
Even in the post-pandemic world, many organisations have already taken initiatives in designing a suitable online curriculum.
The increasing demands for online coaching businesses are also showing how vast the opportunities for tech startups are within the EdTech industry.
Most startups depend on venture capitalists, angel investors, and microloans to raise funding. Want to explore other flexible funding options?
Read now: Different sources of funding for startups
Byju’s is an EdTech company from India, which spread its wings all over the world. See how much does it cost to create an eLearning app like Byju’s.
Also Read: All You Need to Know Before Developing a Winning E-learning App
5. Biotech Startup
Many biotech startups emerge every year alongside the rapid growth of technology. Such startups gain publicity and support from angel investors and governments because biotechs are essential to improving human life quality.
Many of these companies attract entrepreneurs, executives, and investors because the payoffs can be huge when breakthroughs are made. However, the challenges faced are not easy, either.
If lots of caution and innovative ideas proceed, you can have a massive opportunity as a tech startup to impress investors and receive multimillion-dollar investments and even attract the media and gain some fame.
See how young VC-backed founders share their stories on launching BioTech Startup.
6. Robotic Delivery
It is not a simple task for entrepreneurs to run robotics startups. Yet the number of robotics startups working on groundbreaking technologies are growing in numbers.
Robotics have been fast-growing for the past few years, but the current pandemic situation accelerated its growth even further, giving every startup a chance to up their game.
The astounding number of efficiencies that robotics perform in limiting human-to-human interaction has helped fight the virus. This adds a higher demand for robotics in upcoming years where autonomous robots are brought to most businesses’ front lines. Amazon is working towards perfecting their drone delivery system.
So, if you are thinking of a robotics startup, you should learn the do’s and don’ts on building it as it grows and matures.
7. eCommerce Startup
Are you thinking of starting an eCommerce business ?
As reported by Forbes , in the first quarter of 2021, the U.S. eCommerce sales grew by 39% year after year to $199 billion. This growth is only increasing, as global e-commerce sales are predicted to reach $4.2 trillion this year.
Developing a simple and easy website along with a mobile app is all you need to grow your eCommerce business. Talking about the eCommerce business, now is the best time to start one.
In almost every sector, the eCommerce industry is booming. From running a top-rated online fashion store to selling old pieces, it should all work.
The purchase behaviour of people has changed a lot ever since Covid-19 has hit the world. People enjoy the ease of online shopping as well as the websites providing deals and discounts.
They heavily rely on eCommerce to shop for everything from essential goods to holiday gifts. This is not just an eCommerce acceleration, but a massive shift in user behaviour which opens doors for startups in the eCommerce sector.
No matter if a thousand more tech startup founders emerge under the eCommerce sector, there are still plenty of opportunities arising each day. You have to find the right niche to start your business.
Alternatively, you can be the shovel seller rather than mining gold. This means you could start giving various services for those who are new to the eCommerce business.
Even with the restrictions of being a student, building your startup is feasible. The first and foremost thing to consider is to find a business idea and gather the intel required. Here is a an ultimate one-stop guide to launching your startup as a student.
Either way, there’s no better time for launching this business than today. Ali baba, Amazon are leading companies in the eCommerce sector. Take a look at the Complete, 10-Step Guide to starting a business .
8. Internet of Things
In this technology driven world, the internet connects everyone from every part of the world. Similar to that, the products and services can be connected to each other through mechanical devices embedded with sensory chips and software that helps in the exchange of data with other devices without human intervention.
This can be used to improve efficiency of devices and help you enable new services that promote safety and environmental benefits. Internet of Things (IOT) is the new future and companies are already incorporating it in their products.
The local camera and door lock systems use your mobile phones to communicate with the devices kept at your home and ensure better safety and avoid miscommunication.
9. Social Media Influencer
“use Signal, “the controversial tweet from Elon Musk that increased the number of users for Signal in a single day. This is an excellent example of how a person can influence a vast crowd with a simple tweet.
Suppose you are willing to work on your social media presence and give the netizens the information as a credible source. In that case, your followers will increase, giving you the power of opinion to many people. Marketing firms utilise this power to promote products or services among the public.
Since the opinion is coming from someone they trust, they will be influenced. There are a lot of social media influencers today, so to earn your mark, you would have to work hard, and your work should be trustworthy.
Read: 13 App Marketing Strategies That Startups Must Know
10. VR and Gaming Arcade
Virtual reality computing (VR) has a whole new set of opportunities for you to venture. With the introduction of the metaverse, the VR industry is getting ready to soar high.
What’s better than gaming? Living the game.
People want to experience the events of the game in real life, and VR makes it possible. The gaming industry is growing, with gamers going live on YouTube and making a decent income.
Many games are now designed for VR specifications like Batman: Arkham VR, suggesting the gaming industry’s shift to VR. Don’t be under the fact that VR can only be used for gaming; there are a lot of applications for this.
Social interaction through VR is possible nowadays. You can take a tour of properties on a real estate platform from your home without moving an inch. Attending social events has never been more accessible, and distance is never a problem.
In these pandemic times, VR can help with providing better quality schooling to students without actually going to school.
11. Cyber Security Services
Privacy is the utmost concern in these technology-driven times. With all our information available in digital form, there is a massive concern about our data falling into the hands of others who misuse them.
Scams, malware, ransomware, etc., are increasing day by day, calling for foolproof data security. A cyber security expert can rule out any chances of data breach. Cyber security market is expected to reach $352.25 billion by 2026 and this makes launching a cyber security startup a good idea. Take a look at this mobile security checklist to keep your application safe.
Pro tip: “You need high coding proficiency to excel here.”
12. Digital Marketing
To attract the new crowd, we go where they spend most of their time. It was in front of a television a few years back, and now it’s their phones. In this digital era, marketing has found new ways to attract potential customers.
If you are looking for a great tech startup idea, digital marketing is a great online business idea if you have the right creative team.
The introduction of Artificial Intelligence (AI) in the digital marketing world has improved the chances of getting personalised pitches to customers. Uber, Airbnb are all examples of companies that use AI to create marketing campaigns. AI also helped reduce work for people as they optimised the search results based on the need and capabilities of the customer.
Even with a massive opportunity for growth in the field, you have to be picky when hiring. Your team is what will determine the success of this promising idea. The creativity and innovative minds of the social media marketer are the critical catalysts for your growth in this industry.
13. Data Analysis Firm
The use of the internet has grown exponentially over the last few years. With the increased number of users, the data they upload and consume is humongous. A big data company analyses this data of the users for various purposes.
This data can be used to understand the marketing strategies to target the customers. Learn the likes and dislikes of the majority and devise a method for a specific set of potential customers.
Data analysis is required while doing software or app development to understand the customer. Social networking sites like Facebook use these data analytics to find people and suggest people you may know.
Machine learning software is optimised through data analysis. This improves the scope of robotics, automation, self-driving mechanisms, etc., where the machine learns to do its work through data analysis.
Pro tip: “Background in mathematics, economics, or finance is an added advantage.”
14. On-Demand Services
We all have demands; when we are hungry, we need food. While sitting on that comfy couch, we don’t want to get up and go out to get it. Like a gift from God, we have Uber food delivery at your doorstep. That is a prime example of on-demand services.
We can get products and services just by searching online in the comfort of our homes. There are a lot of services ranging from food delivery to cleaning to choose from. The quality of the service you provide will determine your position in the market.
This is a highly competitive industry as many companies have established their place in the market. If you can give the customers what they desire at a reasonable price, there is always a market open for you.
Also Read: A Step by Step Guide to Build an On-Demand Courier Delivery App
15. Fintech
Fintech or financial technology is aimed to remove the traditional financial services to an online service. PayPal is a fintech company that primarily deals with the transfer of funds. This is just the tip of the iceberg.
Fintech deals with digital lending credit, cryptocurrency transfers, trading, insurance, and so much more. Anything that deals with finances online is a part of Fintech. Digital wallets are now widely used and accepted. This eliminates the hassle of carrying money and keeping it safe and easy to give the exact change when needed.
The boom in the crypt world has increased the market for this service. As this deals with finances, you have to be careful with the security of the funds deposited by the people. Though it is a high-risk and expertise-required field, it has a future if you are up to the task.
Check out the 15 things you didn’t know about the Fintech Industry
16. Health and Renewable Energy
The Covid-19 pandemic has created a sense of health awareness all around the globe. More people are inclined towards choosing a healthier lifestyle. Many apps and software are developed to help them through this journey.
We have seen considerable developments in the field of health. Many companies have profited from this pandemic with the help of their impeccable products and services. For tech startup ideas, you can always create an app that focuses on health and exercise. There is also an opportunity of creating new innovative machines that can replace traditional tools to give a more accurate service.
In health, people are also now more than ever inclined to clean energy sources like solar and electricity. Carbon footprint reduction is also a significant prospect for many companies. This is an upcoming trend and has the scope of high scalability if you have the right business plan.
Tesla is now dominating the electric car market, look for a way to tap into those renewable resources, and you will have yourself a successful business idea .
17. Business Incubator
Incubators provide everything for a startup to thrive and grow – from workspace to funds. You can attract valuable talent if you have an ideal location to provide services for the new upcoming CEOs. You need to provide them with basic facilities like electricity, office space, internet connectivity, etc.
The main catch of this startup is that you wouldn’t need to start big. You can start small and grow along the way.
18. Travel and Tourism Agency
During this pandemic, tourism had a downfall, but it is bouncing back more vital than ever, and you can get a piece of this action. Many people are coming forward with the urge to travel to new places but lack a clear idea of planning the trip with minimal expenditure.
With you providing them the perfect itinerary to travel, many will come for your services, and if you give them the whole package deal of accommodation and travel routes, you will have a decent startup in your hands.
Not only the travel enthusiasts but you could also attract business travel clients.
American Express Global Business Travel is one such example.
19. Custom Drone Building
Drones are now used widely for surveillance, and now it has evolved into a sport of drone racing with colossal prize money up for grabs.
Professional drone racing requires custom-made drones, and you could start small with the expertise and scale it to good heights.
20. Freelance Work
Do you have exceptional skills sought by many?
If yes, then freelancing is the best way to sell your skills. Many companies require professionals to do work at a fast pace and with quality. With your skills, you can grab opportunities like those to create a way income for yourself without the pressure of a 9 to 5 job.
You can do your work in your own time and present them for an agreed remuneration. Many are registered on sites like Upwork , Fiverr, etc., where freelance work is available. The growth in social media has also contributed to the development of freelance workers.
21. 3D printing
The 3D printing industry is an underrated startup idea. From building houses to organs for transplantation, 3D printing is slowly introduced into many sectors and is growing day by day. The expenses of printing items have come down, and this is an excellent time to tap this emerging industry.
You have to keep in mind that even if you have a 3D printer, it will not be enough. You need to get expert knowledge before starting, and you have to do a bit of advertising to attract possible customers.
Bonus Infographic – Tech Business Ideas
22. Data Mining
The world is moving towards a data-driven economy. To make decisions on all spheres, a company needs information, and they depend on data to function smoothly.
Data mining is the process of finding patterns, correlations etc., from a vast set of data to predict outcomes. It is used to understand customer mentality, task allocation, risk reduction and many other factors that help run a business. As far as a tech startup idea is concerned data mining can be a promising field with the right resources.
23. SEO Agency
With most of the customer base turning to online methods, new companies are also trying to establish and reinforce online presence. Your company details need to show up at the top of the search engine to make that a reality. SEO specialists will help you achieve this.
SEO specialists help businesses optimise their online presence by making their online content more search-friendly. Content optimisation is just the tip of the iceberg; SEO specialists handle link building, analytics tracking and many more processes to help improve the page ranking of your website.
24. Web Designing Service
A business that wishes to create an impact on its customers needs a website that is unique and creative. If you have skills in designing and coding, web designing will prove to be fruitful for you.
An average customer constantly searches online as the first research mode before buying a product or service. If a company has a website with all the details in a professional fashion, it will help to increase the credibility of the company and acquire a reasonable conversion rate.
So the demand for a great web designing company is always present in the market.
25. Software Development Service
Software requirements for each company are different. They need solutions for the particular problem they are facing at the moment. Software is required in different sections for the company like user interface, backend architecture, and so much more. Though it is an aged field, the growth rate in the industry is still strong.
If you are a skilled software developer, you can freelance your work or start a software development company. Starting your own business to create programs for the client specifications can be a highly profitable domain.
26. Mobile Application Development
Mobile applications are a great tech startup idea in this era tech-driven era. There are thousands of apps in app stores. Developing your own apps or apps for clients is a great way to start a profitable business.
With a development team with specific skill sets, you can develop mobile apps using different technologies across platforms like Android, Apple etc.
27. Cloud-Based Services
The new data-centric world is flooding online platforms with customers’ data. Companies need to be careful with the data they collect, and businesses need a safe backup system to gather and store data.
This is where a cloud-based service comes into play. If you can offer cloud technology to businesses and charge them based on the space they use this is a tech startup idea that can help you raise a profitable business. Companies are constantly on the lookout for cloud services, and with the proper software management, you can step in to help them.
28. Social Media Consultancy
Social media is a powerful tool to communicate to a wide audience. Many businesses need experts to manage it for them. Managing an active social media presence can help a business grow rapidly. If you know how to wield that social media sword properly, this is the right business for you.
Social media consultancy is not limited to businesses, many celebrities need to have an active social media presence. Even politicians require good social media experts to reach the people positively and not let them say things that will get them banned on Twitter.
29. UX Service
User Experience services or UX services are mainly involved in creating a stable interaction between the service user and products. This is an essential part of an online platform. The features you offer through UX services will help businesses increase their conversion rate.
If you have the knowledge and creativity in creating UX services, this field of business will help you on your road to success.
Learn more: Top 9 Mobile Usability Issues and Solutions to Fix Them
30. Live Chat Service
Live chat services are now popular among businesses. Customers require answers to their queries in real-time, and if you can manage to create a team that can deliver this service with quality, there is always a market present for you.
Customer engagement is an integral part of every business as it will help clear all the doubts of customers and get them to make a purchase.
Also Read: How to Optimise Your Team for Business Growth
31. Chatbot Creator
Chatbots are necessary for a business to filter queries that need human assistance. Creating chatbots for companies is an excellent business to start now as more and more businesses have online customers, and they need chatbots to handle that volume. With a chatbot, customer queries can be answered quickly and efficiently.
32. Web Analytics Service
Website analytics help businesses perform better. The customer journey through a website is a goldmine of data for a company. They can analyse their problems and improve their functionality to improve customer experience. Ab web analytics service can tell businesses how they can turn cluttered customer data into growth opportunities.
33. Crypto Mining
Cryptocurrency has become a household term nowadays, and there are miners everywhere. With the boom of bitcoin, more and more cryptocurrencies have taken the main stage like Cardano, Etherium etc., with the right analytical knowledge setting up mines is a profitable venture.
Crypto mining takes up a lot of energy, especially bitcoin mining, so a sizeable initial capital might be spent to create the farms required for the mining process. If you have the resources at your disposal and a keen eye for the crypto market, you can mine a fortune.
Non-fungible tokens are cryptographic assets in the blockchain with unique identification codes. NFTs are profitable investments you can make; they are like unique pictures like the Mona Lisa, which you will have sole possession of.
Before you head into the NFT market, be sure to be well versed with the NFT market and its statistics before proceeding. Even though NFTs are rewarding, they are subjected to different market fluctuations. You can either build NFTs or invest in them based on your skillset and resources.
35. Meta Real Estate
With the introduction of the metaverse, new windows of opportunities are opening before us. Owning prime real estate properties and managing real estate in the metaverse is becoming a new normal. With proper research , you can create a profitable business out of it. Properties worth millions of dollars have been sold, and if you become a meta expert, you can get a piece of that action too.
There’s no doubt a successful business does give you financial freedom. With the above list, I have presented you with some of the best tech startup ideas to build your business in 2022.
However, you need to know that everyone does have some ideas. Even though ideas are great, it alone could never build a successful startup.
Your priority is to determine whether the idea you have within you is a scalable one . If so, you need to hire the right app developers to successfully develop your product. Always remember, it’s not an easy task to run a tech startup company, so don’t refrain from asking for help. Having a tech partner like NeoITO can guide you in this journey.
We helped many startups build their businesses from scratch and guide them by giving free startup product development consultations. Most importantly, we helped them achieve financial freedom by developing their idea into a business model.
Now you have some amazing and promising tech startup ideas. Want to learn more about if you’re really ready to convert your ideas into a business? Then check out our expert take on great signs you’re ready to start your own business which will help you take the next big step!
PREVIOUS BLOG:
Top 15 profitable software startup ideas for emerging entrepreneurs, 17 pro tips to pitch your tech startup ideas effectively.
Abdu Rahman is a marketing professional with over 5 years of experience. He currently heads the team at NeoITO, specializing in SaaS startups and optimization. He is known for his strategic thinking, data-driven campaigns, and experience in B2B and B2C markets. Abdu is passionate about staying updated with the latest marketing trends and experimenting with new technologies.
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Best Tech Business Ideas in 2022 [For Techies]
It is the best time for startups in India as Indian business is booming and you can learn by experiencing how startups run in India. To start these businesses in India you do not need to make huge investments. The top 19 startup tech business ideas in India are the following:
1. Computer Repair and Maintenance Company
If your background is technical and you are an expert in computers, then computer repair and maintenance is a great business idea for you to start your business. Repairing computer hardware and software parts is a very sought-after profession in the current technology-related world.
You can also offer maintenance services for operating systems and other major software platforms. As a supplementary business and to increase business income, you can also start selling computer parts such as monitors, hard drives, mice, and other essential computer parts.
Must Read: How To Start A Computer Repairing Business?
2. Blog Consulting Company
If you love to explore blogging-related ideas and are an expert in the field, you can start your small business as a blogging consultant. It is very profitable as you can support different businesses to run their blogs. You can also start writing blogs for third parties. Explore this business idea and find out whether it is the right one for you.
Also Read: How To Start A Blog For Your Small Business?
3. Computer Training Company
If you are an expert in providing computer training and want to help others to boost their knowledge in computers, you can choose to start a computer training business. It is a great idea to start a tech business in India.
Also Read: How To Start A Computer Training Business?
4. Data Entry Company
The data entry business has many authorised opportunities for entrepreneurs. If you are an expert in typing, then you can easily enter into the data entry business. Apart from being an exceptional typist, you must know all the details about how to start a data entry business to enter this profession.
Also Read: How To Start A Data Entry Business?
5. Mobile Phone Repairing Company
If your talent lies in fixing, you can start a mobile phone or smartphone repairing business where you can fix various issues in customer’s mobile devices.
Also Read: How To Start A Mobile Phone Repairing Business?
6. Mobile Accessory Manufacturing Company
If you are proficient in mobile repairing, then you can also start a small business in manufacturing various mobile accessories such as speakers, charging cords, and lenses.
7. IT Support Company
In India, many small businesses, because of low budgets, cannot afford to hire an in-house or full-time technical support team. They then outsource IT support for running their business.
If your educational background is technical and you are an expert in computer software, you can start your business from network maintenance and setup services, computer recovery and data backup, software management and installation, etc. Based on your client’s services and needs, you can also include mobile device management and security measures in your business.
8. Internet Research Company
These days, a huge amount of information is available online, so if you can quickly find relevant information online, you can start your tech business as an internet researcher who is able to validate and locate online information. Internet research will be a perfect idea to start your business.
9. Social Media Consulting Company
Social media is a powerful marketing tool and a great business idea. If you are skilled in social media and love to help others create their individual social media profiles, you are perfectly fit in the social media consulting business. But before starting this social media consulting business, first learn about the pros and cons of this business.
Also Read: How To Start A Social Media Business?
10. Web Design Company
If you are trained or a self-learner in a web design course, you can start your small business as a web designer. The web design business is a profitable and fun business idea. Just find out the requirements to start a web design business.
11. Redecorate Device Sales Company
To manufacture original mobile and computer devices can cost a large amount to start your business. So, you can start a business of redecorating older device models with improved and new parts and then sell those devices.
Also read: Computer Hardware Manufacturers In India
12. SEO Specialist Company
One of the best tech business ideas to start a business in India is to become an SEO specialist. When you run a business as an SEO specialist, you can help various online publishers optimise their SEO contents.
13. Online Advertising Platform Company
Online advertising is another powerful area of online marketing. Many businesses are looking for online advertising with website owners to earn ad revenue, and hence by creating your platform, you can connect with these businesses.
Also Read: How Effective Is Online Advertising For Small Businesses?
14. Digital Marketing Consulting Company
An online marketing business is very helpful for fulfilling every demand of clients, right from advertising to content marketing.
Also Read: How to Start a Digital Marketing Agency?
15. Cheap Home Solar Energy Set-up Company
To save money, Indian residents can generate their power. To fulfil this idea and set your company, first you have to buy and then set up solar equipment for people and ask them to install it on their balconies or roofs.
To buy solar panels, you have to convince at least 10 people who are interested in this service and are ready to pay you before the work is complete.
16. Internet Infrastructure Building Company
Stronger and better internet connectivity has a high demand in India. Currently, there are many Internet providers in India, but mostly in the rural parts of India, there is a lack of Internet speeds. This is why starting an internet infrastructure building company is very essential in India. But one important thing to remember is that it is not a low-cost business, and hence to build a company, a lot of positive impact is necessary.
17. Set up an e-commerce Company
E-commerce is growing very fast in India and so setting up an e-commerce company is a great business idea. This business idea aims to sell cultural items from India. You have to give a low-cost start in this business and can start your partnering with street vendors.
Also Read: How to grow an E-Commerce website?
18. Inventory Management or Warehouse for E-Commerce Company
To set up a warehouse for an e-commerce company, you need to buy a large piece of land to store goods. Then you need to use a shipping company to send these goods to places where they need to go. In this business idea, you can make money for holding goods on behalf of people in the warehouse. This business idea has the right potential to make a lot of money.
Further Read: All About Inventory Management- Tips, Benefits & More
19. Mobile Wallet Payment Solution Company
For easy business transactions in India, most people believe in an online payment solution. And hence, the growth of mobile wallet payment is extreme as every individual is using smartphones. If you have a decent amount of capital to start your business and expert programmers and coders, you can start a mobile wallet payment solution company.
With the advancement of technology, there are endless money-making opportunities for entrepreneurs in today’s world. The Internet is a good source of knowledge and you will get tons of business ideas on the internet. We also try to help you with the top 19 startup tech business ideas that you can start in India with small investments.
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FAQs on Tech Business Ideas
Q. can i start a business in the info tech industry.
Ans. If you are a big investor then you can start an info tech industry, such as a telecommunication company.
Q. What is the most profitable business as a startup?
Ans. Currently, digital marketing service is a good business as a startup.
Q. What are the best food tech startups in India?
Ans. Zomato is among the most well-known and successful food tech startups in India.
Q. What are the 4 main business organisations?
Ans. The 4 main business organisations are Partnership, Sole Proprietorship, Limited Liability Company, or LLC and Corporation.
Q. What is the best tech business to start in 2021 in India?
Ans. An affiliate marketing business, such as Amazon, Flipkart, etc, is the best tech business to start in 2021 in India to earn millions.
Sukanya Mukherjee
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Best 55 Profitable Tech Business Ideas for 2023
With every passing day, technology is taking a step deeper into our lives. As the world now moves on to technology, the businesses related to it are more successful than ever. Recently Apple and Amazon crossed the 1 trillion valuation mark. So, the tech business will keep its accelerator shaft on.
Tech businesses are on top now, and things will keep growing. Most big companies in the world now specialize in technology.
Businesses need technology and it’s a massive market all around the globe. It’s an ever-expanding business, and technology will hardly see a recession ever.
If you are someone who wants to start something of his own related to technology, here are some of the best tech business ideas for people who are associated with the information technology industry.
List of 55 Tech Business Ideas
1. data mining.
As the world is moving towards more data-driven, most companies are depending on data mining techniques to take decisions in all aspects of the business. If you are a technology professional and have some experience in data science, a career in data mining will not only be rewarding but also profitable.
Learn More: How to Start a Data Mining Business
2. SEO Consulting Business
Several businesses are now going online. Companies are fighting it out on the internet and SEO remains a major ranking factor. SEO specialists help businesses to optimize their online content to be more search-friendly for search engines.
Learn More: How to Start SEO Consulting Business
3. Artificial Intelligence(AI) & Machine Learning
With a huge growing market for AI and machine learning, you can help businesses to use AI technology. It will help them integrate it to answer questions without any help and perform other tasks.
AI-powered tools like image recognition, predictive systems, text edits, text correction, etc have a good demand at present.
4. Digital Marketing Agency
You will provide companies with a platform where they will get their digital needs. A digital marketing agency provides all online marketing solutions. It includes SEO, online advertising, and content marketing.
Learn More: How to Start a Digital Marketing Agency
5. Cyber Security
Data security is a growing challenge for most small and big businesses. As a tech specialist, you can offer services related to hacking, securing and monitoring possible cyber attacks, etc.
6. Create a Social Networking Platform
It is primarily dominated by international players. But a social networking platform for your local area may not be a bad idea. If you can target a specific audience by providing the needful, your site or platform may run well.
7. Web Designing Services
This business of web design service requires some skills in terms of designing and coding. You can learn the skills or hire someone who can work under you to design and develop websites. There’s still a huge scope left for website designing services in the tech industry.
Learn More: How to Start A Web Design Business
8. Software Development Service
The software market has aged, but it’s still growing. You can work full-time or as a freelance software developer. Starting your own business to offer services of creating programs for clients can be highly profitable.
9. Mobile App Services
Just like software and websites, app services are now a big hit. You can develop mobile apps and offer services to clients on how to operate them. You can also offer development services, sales, and after-support.
Learn More: How to Start a Mobile App Development Business
10. Tech Shop
Tech shop as a retail-based business is good if you sell both online and offline. Try to focus on providing a one-stop shop. Offer solutions where people will be able to purchase any tech items or get their gadgets repaired. Tech shop is one of the most popular retail-based tech business ideas all across the globe.
11. Cyber Cafe
Cyber cafes may not be a feasible idea now, but there are still a lot of people who are comfortable using the internet at a cafe. You can offer printing services and offer it as a coworking space with other tech amenities.
12. App Development Service
Mobile apps are now a part of all major businesses. They are increasingly becoming important for businesses. If you know how to develop apps, you start working as a freelancer or as a full-time partner.
13. Cloud-Based Services
Businesses now need backup storage facilities for effective communication and interpolation. A cloud-based service for businesses and individuals is not a bad idea. Companies are looking for online platforms that offer cloud technology. You can charge according to the space offered.
14. IT Equipments Service
IT businesses need services like repairing and servicing to maintain the infrastructure. You can offer your services in the form of equipment like servers and other amenities to these businesses.
15. IT Equipment Sales
Apart from equipment servicing, IT businesses also need to have their own equipment too. As a seller, you can outsource the equipment at a cheaper cost or wholesale them.
16. Smartphone Repair
Everybody has a smartphone , so obviously, there’s a need in the market for repair services. You can start a shop to start to offer services on the spot. You can even use a pickup and delivery service for more convenience for customers.
17. Online School
Online schools are a massive hit now as students look to gather knowledge on a particular topic online. This saves them both time and money. So you can offer an online education platform to provide course material and video classes directly to students.
18. E-Library
As an online portal, you can also set up a site or platform with a huge library of books. You can offer access to your ebooks on rent. Digital educational materials in the form of ebooks are a hit on the net.
19. Online Book Store
If not an online e-book store, how about an actual store selling books online? You could sell both ebooks and original books from your platform. You can also get licensed to sell books online from other authors.
20. Social Media Consultancy
Businesses often need professional help on how and what they should do with their social media . Social media consultants help brands to create strategies and content for their social platforms.
21. Technical Writing Services
Technology-related businesses require blogs, articles, and social media postings. You can start your own online writing service full-time or as a freelancer. You can also offer your own ebooks online.
22. Tech Video Channel
If you love to speak and edit videos , going for a video channel on YouTube about technology is not a bad idea. You can use your platform on YouTube . This means you can earn revenue or get endorsed by other brands online.
23. Live Streaming Influencer
People now want to communicate online via live streaming. Live streaming is now available via Facebook Live, YouTube, Periscope, Instagram, Twitter, and other platforms. Here you can earn as an influencer.
24. Live Streaming Service
If you know how to do it, why not start your own live-streaming service? You will offer services to your clients on how and what to use on the live streaming platforms.
25. Online Video Platform
Starting your own video platform via a website or app is not a bad idea. Make a platform where users will be able to share video content and other users will be able to access it.
26. Online Tech Store
With a huge demand for digital products online you can start your own online tech store. You can sell different digital products and gadgets. Get the right set of suppliers and goods on your site or sell them via other e-commerce stores.
27. Sell Digital Products Online
You can only sell different digital products online without your own site. Get registered, have your products ready, and start as a seller by uploading the products to the list for sale. You can also create your own online store to sell products.
28. Shopping App
How about creating your own mobile shopping platform in the form of an app? Customers will be able to browse the products and shop right there. You can use your app to be exclusively available for smartphones only.
29. Tech Blog
If not selling or designing, what about writing about technology? As a tech blogger, you can start your own blog about technology. Choose the subjects according to your choice and make money online via ads or sponsored content.
30. Tech Podcast
A podcast basically something where you talk about the latest gadgets. If not videos or blogs, start an online podcast. You can talk about the latest products and innovations in the tech industry.
31. Computer Setup Service
You can offer a computer setup service for the lengthy computer setup technology process. You can charge a small fee to help them set up their computer and also sell different parts.
32. Computer Training Service
If you know a bit about computers, teaching about computers is not a bad idea. You can offer different courses and workshops and also offer one-on-one training sessions.
33. Online Research Service
Online research is more about using your expertise to perform research. You can use different online research tools for different businesses. Your data will help businesses to target multiple specific insights.
34. Online Podcasting Platform
With a small market, there are people who want an audio platform. You can help them with a platform to help them upload and share their podcasting content with potential listeners.
35. Music Streaming Service
How about a platform where people will be able to stream music of any genre? You will need different licenses though. You can follow popular streaming services to repeat their techniques.
36. Video Content Streaming Service
Just like an audio streaming service, you can provide a platform for videos. People often experiment with unique films and content.
37. Tech Gadget Rentals
It’s a growing business. Several users can’t buy gadgets for specific situations. You can start a business to offer gadgets for rent to let customers use them and return them later.
38. Sharing Economy Platform
A sharing economy platform means a platform where users can share their items. This will include different other products or services shared with each other. You can create a platform to help them connect with each other.
39. Tech Consultant
If you are someone who knows a lot about technology, you can start a consulting business . You can have a tech consulting business. You will basically help them to make decisions on their tech purchases and software implementation.
40. Remote IT Service
A business from your home where you will be offering insights into IT purposes. You will help them solve their problems and answer questions. You will also solve issues with different IT-related problems.
41. 3D Printing Manufacturing
3D printing is growing big. If you are an expert on it, start designing small parts or other products. The 3D printed products can be sold online and you can even start a small manufacturing operation.
42. Robotics Manufacturing
This field needs specialization. One needs to have an in-depth knowledge of what they have to do. You can manufacture, create parts, and even offer robotics services.
43. UX Service
A very important and essential part of platforms. The UX service mainly involves offering a service on how website owners and app developers should use it. Also, help them with the features to make sure they are offering a stable user experience.
44. Live Chat Service
Live chat is now popular among tech-related businesses. Different website owners and apps now want to instantly communicate with customers in real-time for more engagement. This tech business can fetch you big returns if marketed properly.
45. Chatbot Creator
A chatbot basically helps to visit customers and chat in real-time using AI. The chatbot communicates with people and you can offer the service to different businesses and clients. This tech business, experts suggest has a huge future potential.
46. Computer Parts Manufacturing Business
Companies need computers to run. So, it’s not a bad idea to manufacture its parts and sell them. You can also specialize and narrow down a specific niche to target a particular segment of the audience.
47. Web Analytics Service
You will offer businesses and website owners different insights on how they should do their business. You will gather analytical data and help them improve their performance. This also includes customer conversions and other online functions.
48. Influencer Marketing
If you have a big following on social media platforms like Instagram, making a career as an influencer marketer can be a good choice. Small and big businesses now hire influence marketers to endorse their products and services and get new customers.
Read : How to Become an Instagram Influencer
49. Refurbished Device Business
How about selling second-hand devices after checking them properly? You can refurbish older models with new and improved parts. These can be sold at a better price online and offline.
50. Smartphone Accessory Manufacturing
Smartphone accessories are a very productive and profitable business. You can start with smartphone covers, charging cords, speakers, tempered glasses, lenses, and more. You can even manufacture the accessories and sell them to others.
51. Online Dating Site
As the internet has taken over love, it’s never a bad idea to provide a better platform. This growing online dating industry has international players doing well. But if you can create a local dating platform in your area with similar interests, it may turn out well.
52. Create a Food Delivery Mobile App
The food tech industry is growing at a rapid pace across the globe. More and more people are ordering food online through mobile apps. Small startups can create niche food delivery apps to address local demand and can make good money.
53. Robotics
As per the latest study, the robotics industry is poised for huge growth in the coming years. Robotic technology is all about creating automated machines that can work on sensory inputs.
54. Extended Reality
Another industry in the tech sector that will grow in the coming years is extended reality. This advanced evolving technology deals with augmented reality(AR) and virtual reality(VR), and mixed reality(MR). As per a report from Statista, the global AR/VR B2C industry is projected to reach 52 billion U.S. dollars by the year 2027.
55. Online Teaching
There is a growing demand for online learning across the globe. If you are passionate about teaching, create your own teaching website or use online tutoring platforms like Udemy, Teachable, Podia, etc. You don’t need much to start this home-based tech-related business.
These above-mentioned ideas are some of the best tech business ideas and opportunities. You can start these businesses with a small budget that has the potential to grow in the future.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.
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Home » Earn Online » Future Business in India: Trends & Opportunities to Watch Out
Future Business in India: Trends & Opportunities to Watch Out
Table of Contents
You might have heard these famous words of wisdom by Dave Chappelle- “Modern problems require modern solutions.”
And to provide these solutions, today, several innovative business ventures are being started. India is a developing country which has its developing needs and wants which are required to be fulfilled with limited resources. In such cases something different has to be started, that is how innovative future business ideas started growing rapidly.
In 2022 alone around 19000 startup businesses started in India. This shows the bright scope for new business ideas and ventures. So, if you are thinking about starting your own future business in India; then it’s high time. But another question that arises is what are those innovative business ideas which will become a future business in India. No worries in this article you will get to know all about the profitable future businesses of India.
Best Innovative Business Ideas in India
Top 20 innovative business ideas in india.
Here top 20 future business ideas which are going to boom in upcoming years. If you develop the necessary skills and have an interest in these fields then you can consider starting any of these businesses.
1. Cloud Kitchen
Cloud Kitchen means a commercial kitchen or restaurant which only provides online food delivery. There is no facility for dine-in or takeaway. Right now, in India, this business is in the initial stage. This is the right time to start and grow this new business in India as it will be a great future business with a growth rate of 15.4% CAGR by 2030.
You can start this business from your home kitchen. But you have to get some licenses like FASSAI and Commercial Kitchen Certification , and you are good to go. The cloud kitchen business can be registered with food delivery companies leading in the market like Zomato and Swiggy. Also, you can do your marketing and sell on your website. You can do different experiments and develop your new and innovative menu.
Also Read: 40+ Food Business Ideas in India
2. Digital Marketing Agency
Digital marketing is an emerging business in India. Still, you can see traditional marketing at its peak in most places. However, traditional marketing will soon be replaced by digital marketing, and it will be a great future business in India. Digital marketing generally consists of several aspects like Affiliated Marketing, Social Media Marketing, Web Marketing, Email Marketing, Blogging, SEO (Search Engine Optimization)
With the recent changing technology, new and innovative marketing methods will appear, eventually replacing traditional marketing. You can develop it with the right strategies. Overall, it has potential for future business in India.
3. Investment Business
The stock market is at its peak and shows potential for further growth. Similarly, there are other investment options available, such as cryptocurrencies, gold, real estate, futures and options, and so on. You can also invest in these sectors. The investment business never gets old, and India will have good business in future. Investment requires some initial capital and proper knowledge. You have to keep learning from your mistakes and methods in the stock market. Only then can you progress?
4. Courier Service
With the increase in e-commerce in India, the demand for courier services is increasing daily. Top startups like Delhivery, Expressbee and others have shown remarkable growth in recent years. However, there is pressure in the courier industry for internal operations. So, this is the right time for you to enter the courier industry.
The right strategy for courier service can be intra-city and intercity courier services. In intra-city courier service, you can give service within the city. Similarly, for intercity, you can provide services connecting different cities of India. You can easily grow your courier business by putting in innovative business ideas.
5. Outsourcing Business
Outsourcing means hiring someone outside the company for operational activities. This is one of the fast growing business in India. In the present scenario, developed countries like the US, UK and Canada need many outsourcing personnel as there is a huge requirement for manpower.
With digitisation and increasing demand for professionals across the globe, it provides the best opportunity to get into this business, as it can become a great future business in India.
6. Internet of Things (IoT) Business
How wondrous would it be if you can operate your AC or TV or any appliances from your office or anywhere else through Wi-Fi, right? Well, this is no longer a wonder for a common person. Such things are being done today through a technology called the Internet of Things (IoT). And if you are someone who belongs to the IT field and wants to start your own business then you can consider an IOT business for sure.
You can either go for B2B or B2C business model. For B2C, you can manage the individual house or areas. However, for B2B, you can sell or provide rights to your technology to the buyer. But you have to learn or hire some technology to conduct this business. This business has a great future in India.
The technical field is a fast growing business in India. Once you get the technology and software, the overall cost of the product will go down. The pay scale and revenue from the clients will go a long way in making IoT a profitable business.
7. Biometric Sensor Locks
Biometric sensor locks are those locks that require fingerprints or a facial view to open. It is the most advanced locking system. So, you can also start this future business in India. There is a huge demand for this technology in human resources, corporate offices, schools, and mobile devices. So, if you start this business you are positively going for it.
You need to develop your product and software to run it. Sometimes this requires just one or two people to start but if you want to go at a large scale then you will need more professionals by your side. Moreover, technology is developing rapidly, and you can get into this business right now to make a maximum customer base.
8. Broadband Business
The demand for broadband has increased effectively due to an increase in the work-from-home (WFH) culture. Specifically, the IT industry will adopt a hybrid work model where every individual can get a chance to be adapted to WFH. So, it will require connectivity with broadband. Also, in recent times, education has shifted to online mode, and in the future, it can go even further online. It will also require broadband.
The overall consumer need for broadband will show a peak, if not in recent times, then in the recent future. But you have to adopt a business model that can beat the competitors and build your successful future business in India. And once you have a solid plan you can provide your services.
9. Freelancing Services
Freelancers are the ones who do projects and get paid for them. There is no salary-based system. At present most people are adopting freelancing careers. Many startups hire freelancers and the demand for freelancers starts increasing in the coming years.
If you are willing to get into the freelancing service business , you can build up a network of different freelancing individuals and provide the projects. You just need to pick your niche and learn the necessary skills and a service that can solve someone’s problems. Freelance services like copywriting, editing, and virtual assistance are one of the great business models and future business in India to follow.
Learn anything and everything about Freelancing in our Freelancing guide.
10. Software Development
As you already know, the technology and online industries are at their peak in India. Moreover, it will further expand even more in the future, too. So, there will be a need for web, android, IOS, and Windows development companies to fulfil demand.
It is the best time to get into the business of software development because, in the upcoming years, the demands are going even further. But if you will follow the right strategy, you can defiantly grow a sustainable business.
11. Solar Energy Business
With the rise in the demand for sustainable energy sources setting up a solar energy business can be quite lucrative. It is cheap and convenient for India. Also, many solar plants are implanted in urban and rural areas. Under the solar energy business, you can provide services directly to the consumer.
You can provide your technology to retailers and wholesalers. This business is very profitable; however, you have to invest regularly, and it requires huge capital. Therefore, financial planning is very important before starting this business. But you can positively consider it one great future business in India to start with.
12. Import Export Service
With India being one of the biggest exporters of products like tea, handlooms and spices to the world, starting an export/import business can be quite profitable. Many will hesitate to start because of their lack of experience. However, with consultants and over time you can achieve success.
To start the business, you need to decide whether you want to work in the import/export of any specific product or commodity i.e; tech gadgets or car parts only. Or you can import/ export any type of product or commodity. After which you need to get your business license and start making deals.
13. Book Selling
Even in the times of social media and Netflix, there are people who find solace in reading books. With a market growth rate of 4.41% the books selling-business is one good future business in India to start. Whether you sell books by opening an offline bookstore or selling online there are guaranteed sales with ample profits.
You can your business by networking with various publishing houses and talking with authors, book retailers and wholesale sellers. This way you will get to know the insides of a book-selling business. And when you get good knowledge, you can start your business of selling books.
14. Domain Selling
The domain is the web copyrights that you can buy and sell at high prices. The use of websites is increasing exponentially, which needs a domain. This business is low risk, high profit business if done right.
If you want to get into the business, you have to invest a bit to buy lots of domains. There are several legalities involved in business, from protecting domain names from copyright and trademark issues to careful selling- re-selling of old domain names. And finally, when you sell these domains at high prices to other old or new businesses in India you earn good money, this is what makes it a profitable business in India.
15. Real Estate Business
Real estate is an evergreen business making it a future business in India. It is estimated to become a Rs 1 lakh crore industry in the coming ten years. However, you would require a heavy investment in the real estate business, and you have to buy some properties. Then you can sell those properties at the market price.
You can make some modifications to the business process that could create a super profit in the market. The prices of real estate always keep growing, so there is very little chance of loss.
16. Online Course
You can teach online and sell online courses. The education scenario has changed after the pandemic. As students, teachers and teaching move to the online space, you can start designing courses online. It is a great small-scale business idea which can flourish due to its demand and low investment.
What you need to start an online course-selling business is a topic to teach, equipment to record video lessons, software to develop your course material and a website to sell your course. Once your course goes online you will earn money every time someone buys it, which is one of the good business ideas.
17. Mobile Wallets
Digital payments have increased in India after the pandemic, creating a huge demand for mobile wallets. The demand for mobile wallets has also increased due to the growth of the e-commerce industry. The estimated value of mobile transactions was recorded at Rs 1.5 trillion in the last year which is projected to grow in the coming years making it the most profitable future business in India.
If you belong to software development background then it becomes easier for you to develop your own mobile wallet. However, you can hire professionals too, who will create the app for you. After creating the app, you also need to get a Prepaid Wallet License from the Reserve Bank of India, then only you can launch your wallet for the common public’s usage.
18. 3D Printing Business
3D business printing produces inexpensive printer accessories using 3D Printers. It eliminates laborious, methodical processing that takes place in factories. It makes the products affordable for those who want affordable products. With less competition and higher demand, you can easily flourish 3D printing business. This is one of the best innovative business ideas.
Although the equipment and initial capital are quite high once you start getting regular customers you can positively make this a lucrative business. Industries like fashion, architecture, research and development are some of the big customers for the 3D Printing Business.
19. Virtual Reality
Commercial VR technologies have ignited an invention boom, and a wide range of businesses are starting to sell VR technology. The business is growing and will be worth Rs trillion in the next five years.
Before starting the business, you need to decide who will be your target customers, the gaming and entertainment industry has great demand for VR so can try it there. Other than that education sector, research and development and tech sectors are good customers to offer your services.
20. E-commerce Store
If you are looking for upcoming business ideas in India, E-commerce is a great industry to start your business. You can easily start your e-commerce online with low-cost investment. And after registration and domain purchase, you can sell your products.
Before starting you need to create your ecommerce business website and app, after that you need to decide what kind of products you want to sell. After that you need to research it’ market demand, competitors, targeted audience. When all this is done, you can start building you online store then choose sales channel and start selling. Once you have established good hold you can turn it into fast growing business.
Recommended Read: Innovative Business Ideas You Can Start From Home Unique Business Ideas to Stand Out in 2023 50+ Incredible Small Business Ideas
How to Evaluate Success of Your Future Business Idea?
If you are wondering whether the innovative business ideas that you are thinking about are even scalable or going to be successful in future or not; then there is a way. Here is how you can evaluate the success of your business idea in a few simple steps.
Step-1 Do the Market Analysis
The first and foremost thing that you need to do before starting any business checks its market size. Research and explore whether the service or product that you want to offer has any need or not. If there is no need for your product or service your innovative business ideas are not going to be profitable.
Step-2 Customer Demographics
Once you know that there is a scalable market for your product or service you need to know about your targeted customer. Research their demographics, age, gender, culture etc. This way you will be able to provide them with the right products/services and help you earn profits too.
Step-3 Conduct Competitor Analysis
If you want your future business in India to be successful conducting a competitor analysis is important. This helps you level up your business game. Do analyse your competitors, observe their strengths and weaknesses, things that work for them, their promotion strategies etc.
Step-4 Do the Budgeting
Creating a budget and determining your initial investment amount is a crucial step. If your business idea needs huge funding then you should consider twice that your business profits can cover your capital investments. It is recommended not to invest all your funding at once.
Step-5 Take Expert Opinion
It is recommended that before your business plan goes on the floor, meet some industry experts. You can talk to any consultant or some industry veterans who can give you advice. Take feedback from customers for your products or services.
Related: Steps for Creating the Best Online Business Plan How to Start a Business : 11 Steps to Get Your Business Up and Running
Future Business Ideas – Key Takeaways
Starting your own business can look like one big, scary thing to do; but look at the brighter side. You can be independent, be your boss and earn a salary without any monitored packages. And wonder how great it would be if you could also help people with your innovative business ideas.
So, don’t wait up for any other signs, start your future business in India today. And in any case, if you are wondering what business you should start then keep the listed business ideas in your mind.
With our Business guide , discover unique business ideas, build a successful business from scratch, and learn effective business growth strategies.
Frequently Asked Questions
Many good businesses in India can give you future returns. However, among all these businesses, some of the best future businesses in India are as follows: 1. Cloud Kitchen 2. Digital Marketing Agency 3. Investment Business 4. Courier Service 5. Outsourcing Business 6. Internet of Things (IoT) Business 7. Biometric Sensor Locks 8. Broadband Business 9. Freelancing Services 10. Real Estate Business
You cannot specify any business to be profitable. However, the profitability depends upon your business model. If you can make a good business model, it will generate profit. However, there are some businesses which tend to be more profitable than others, some such profitable business in India are: 1. Online Course Selling 2. Digital Marketing Agency 3. Freelancing Services 4. IOT Business
No doubt the tech industry is going to boom in India. Currently, the tech industry is showing great potential and pushing furthermore. So, anything in the tech industry will certainly grow to a great extent. You can also start your new business in India online which is more likely to be successful such as: 1. IOT Business 2. Domain Selling 3. Digital Marketing Agency
With a growing future business in India, there are many services and products which are demanded. And it is more likely to be profitable if you choose a business in this domain. Some of them are: 1. Digital Marketing Agency 2. Courier Service 3. Outsourcing Business 4. Internet of Things (IoT) Business 5. Broadband Business 6. Freelancing Services
The tech industry will grow further in the next decade. So, if you want fruitful returns, you can invest in the tech industry right now. Apart from this, the real estate business is also fruitful as the demand for the real estate industry keeps on increasing. With growing digitalization, you can also start your own online business.
If you put enough effort then you can make any business successful, but there are some sectors which are showing huge potential to grow in the next 5 years in India. Those sectors are: 1. IOT 2. Artificial Intelligence 3. Solar Energy 4. Real Estate Sector
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