new business ideas related to technology

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25 Tech Business Ideas for 2022

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If you’re looking to start a business with high earning potential, you’ve probably looked into some tech business ideas.

And why wouldn’t you? In 2019, the estimated economic output of the technology industry was $1.8 trillion, comprising over 10% of the national economy, according to CompTIA. What’s more, the average successful startup exit (via either acquisition or IPO) has sat at $242.9 million since 2007.

However, for every successful startup exit, there are hundreds if not thousands of startups that have failed. So if you’re an entrepreneur hoping to hit it big in the technology sector, you need to start with a strong tech business idea.

In an industry defined by innovation and disruption, what constitutes a “good” tech business idea is constantly changing. That’s why we’ve compiled a list of tech business ideas that are poised for extreme growth in the coming years.

What is a tech business?

Tech businesses provide products and services that have applications across multiple industries — but at their core, they pertain to the research, development and distribution of technology-based goods. This includes businesses that manufacture electronics (like Apple), create software (like Salesforce), provide services relating to information technology (like Google) and more.

The best part about our technology business ideas is that they don’t require a lot of overhead—you can start small and grow over time. However, you will need some level of technical knowledge to be able to successfully start a business in the industry. If you don’t have any tech experience, consider starting with a coding bootcamp.

Here are some of the top tech business ideas, including some recommendations from tech entrepreneurs themselves.

1. Food tech

Our first recommendation comes from Phil Strazzulla, founder of HR software company SelectSoftware. Strazzulla sees the food tech sector as a major growth industry in the coming years:

“Companies like Beyond Meat are just the beginning of businesses engineering eco-friendly and healthy food that is as delicious as our current diet. The science is now there, and the market for next-generation food is literally in the trillions of dollars, and it grows just as quickly as the world's population.”

2. Web design

One tech business idea that will never go out of style is website design. That’s because pretty much every business needs a professional-looking website in order to appear reputable and build their brand.

Web design encompasses a range of different services, including graphic design, interface design, copywriting, UX design, and SEO. According to IBISWorld , the web design business has grown at a rate of 6.6% over the last five years, and generated $38 billion in revenue in 2019, meaning you can rely on there being a market for this tech business idea for years to come.

3. Extended reality

Extended reality technology encompasses both augmented reality, or AR, and virtual reality, or VR, technologies. Kenny Trinh, editor of tech review publication Net Books News, sees extended reality technology proliferating in the coming years.

"In 2020, we’ll see more and more businesses applying extended reality to their brands to stand out from the competition and deliver a better customer experience,” says Trinh. “In fact, some businesses have been doing that already.”

Trinh points to the eco-friendly water packaging project W-in-a-Box, which uses AR to further explain the benefits of their product.

4. Robotics

Robotics is a bit of a catch-all term that encompasses mechanical engineering, electronic engineering, information engineering, computer science and other related disciplines. The goal of robotics is to create machines that can move and react to sensory input. According to Statista , this industry is expected to grow from $80 billion in annual revenue in 2019 to over $200 billion in annual revenue by 2025.

5. Customer experience management, or CXM

Ian Kelly, VP of operations for a CBD oil company called NuLeaf, believes customer experience management platforms like ZenDesk will soon make customer relationship management platforms, or CRMs, obsolete.

"While a CRM can help you manage customer details, a CXM unifies all sales, marketing and customer service conversations into a single silo so that your customers are treated like the loyal fan-base they are,” says Kelly. “No more hitting your customer over the head with repeat promos, selling them on services/products they already have or letting them slip through the cracks when they've bought and never been properly onboarded.”

6. Influencer marketing

Influencer marketing is an industry enabled by social media platforms like Instagram involving endorsements and product placements from individuals or organizations who possess a certain level of expertise or social influence in their respective fields. While not just anyone can be an influencer, if you possess some level of unique knowledge or a lot of charisma, you can launch a business by gathering a social media following and hiring an influencer marketing agency to connect you with brands.

On the flip side, you can also launch a business focused on connecting brands with the right influencers for their products and mission.

7. Content automation

With content and social media becoming an ever-growing part of many businesses’ marketing plans, Gleb Myrko, an analyst at the market research firm Freedonia Group, believes content automation software presents a great opportunity for tech entrepreneurs.

"Businesses today have accounts on all different social media channels like Instagram, Facebook, TikTok, etc. All of these channels require different approaches to content planning, content production and account management and analytics,” says Myrko. “There’s still not a widely applied tool for omnichannel management, promotion and analytics for the most popular social media. We need an all-in-one hub where marketers can analyze data/performance, as well as manage and promote their accounts on different social media channels in a more centralized, convenient and effective manner.”

8. Artificial intelligence

The term “artificial intelligence" is used to describe technologies pertaining to machine learning, computer vision, natural language processing and more. Although artificial intelligence is a technology that has been around for quite some time, as it becomes increasingly sophisticated, its market potential is growing as well.

Statista reports that the industry grew by 154% in 2019 alone—making it a great tech sector to build a business around.

9. Podcasting

If you’ve been paying attention to innovations in content over the past few years, you’re probably aware of the exploding popularity of podcasts. Today, 51% of the U.S. population has listened to a podcast, and podcaster Dre Baldwin sees podcasting’s prospects only increasing in the coming years.

“Entrepreneurs need to start building their podcast content library ASAP,” Baldwin says. “More and more people are consuming media on the go; audiobooks and podcasts are at the forefront of this. Any entrepreneur or business entity that wants the attention of consumers needs to be in their ears, literally.”

How Much Do You Need?

10. Streaming service

Services like Netflix and Disney+ get most of the attention when it comes to streaming services, but there is plenty of opportunity to start a streaming service for more niche content. For example, you can create a streaming service where users can upload instructional videos or a streaming service designed specifically for children’s content. You could also develop a platform for live streaming (like Twitch) or streaming music (like Spotify).

The global outlook on the streaming service industry is overwhelmingly positive. In 2019, streaming services generated $25 billion in revenue. By 2025, that number is expected to rise to $30 billion, according to Statista.

11. 3D printing

One of the more exciting technologies developed during the 2010s is 3D printing, which allows users to build a three-dimensional object from a computer-aided design model. Shayne Sherman, CEO of TechLoris, believes 3D printing will have increased importance in the next decade as the technology continues to become more sophisticated.

"There will always be the need for production companies, but just as the advent of the assembly line changed production, so too has 3D printing,” Sherman says. “The ability to manufacture whole components in single pieces has created a serious demand, especially in the medical fields. This demand means that 3D printing companies are set to grow exponentially, and if you can get into the business, it's a solid choice for the coming years.”

12. E-commerce

E-commerce is another technology that has been around for a while, but still has growth potential. Over the last year, Statista reports that e-commerce sales grew from $500 billion to nearly $550 billion.

If you have a unique idea for an e-commerce store, you can launch your own e-commerce business from the comfort of your home. No product in mind? Not to worry; dropshipping allows you to start an e-commerce business with products you are not responsible for warehousing or shipping.

If you want to grab a bigger share of the market, you could also take the time to develop your own e-commerce platform or marketplace. Just keep in mind that the e-commerce platform space is already dominated by giants like Shopify and Amazon. Therefore, if you want to start your own e-commerce platform, we suggest focusing on a niche market.

13. Portable charging devices

Mobile devices go with us everywhere nowadays, but having your phone battery die on you while you’re out is still a far too common problem. That’s what’s driving the growth of the portable phone charging industry.

According to data published by BCC Research, the portable charging device market is expected to grow by 6.6% year over year from 2017 to 2022. Growth is driven by the fact that many newer phone models have lower battery capacity.

"Growing urbanization, rising disposable income and increasing mobile phone penetration will boost the mobile charger market around the globe,” according to the report’s author Mohammed Javed. “Increasing penetration of high-specification electronic gadgets/devices that drain batteries at faster rates will further boost the mobile charger market in the near future.”

14. Publishing e-books

An e-book is a book made available in digital form. If you’re a writer, there is a growing market for books published online. Businesses are creating e-books as a way to market their brand, and aspiring authors of fiction and nonfiction publish e-books as a way to reach more customers and grow their readership.

In 2019 alone, revenue generated from e-books topped $1.3 billion, and that number will rise to $1.6 billion by 2024, Statista reports.

15. Fitness tech

Technology has applications in nearly every industry — including the fitness industry. We’ve already seen new technologies like FitBit, Peloton and Strava change how people exercise, and more innovation is on the horizon. That’s the belief of Jared Weitz, founder of United Capital Source Inc.

"Fitness technology is an area of continued growth. Whether it is creating products like fitness trackers, wireless earbuds or smartwatches that have multiple functions, the market is constantly seeking new gear and technology,” Weitz says. “This niche is expanding from tangible fitness products to the apps and data that marry the physical and digital together. Combine a high-tech device with an app related to exercise or diet and you will be setting yourself up for success in 2020 and beyond.”

16. Online teaching

Do you know a foreign language? Can you build a treehouse? Do you cook really good soup? Then you can make money sharing your knowledge and expertise online. Thanks to services like Teachable and Udemy, teachers can now build their own online classes, sell them to students and teach the entire class online. If you’re a good teacher and know how to market your class, you can earn a livable wage by teaching your skills to others through the internet.

17. Mobile application development

Every business needs a website. And the way the market is trending, soon every business will also need their own mobile app. This presents an exciting opportunity for individuals skilled in app development. Successful companies like Braze and Leanplum have built their entire business around developing apps for others.

There is really an endless supply of app ideas. There were 194 billion app downloads in 2018 alone, and that number is only expected to climb. So strike while the iron is hot.

18. Search engine optimization consultant

Google is still an essential part of many business’s marketing strategies. They need to be able to appear as a top result in Google Search for keywords related to their business. That means they need someone who is skilled in search engine optimization, or SEO, to help them. Some businesses hire people to perform SEO in-house, but many organizations also work with freelancers or third-party agencies to implement an SEO strategy. If you can train yourself in SEO and keep up with its ever-changing trends, you can start a business providing SEO services to other organizations.

19. Social media consultant

If you’re not into SEO, but are good on social media, you can work with businesses to help them generate likes, shares, retweets, followers, comments, clicks and more as a social media marketer . In this role, you’ll consult with companies and help them manage their social profiles, spread content across the web and build their brand.

What’s more, the startup cost to be a social media marketer is minimal and can be done from your own home. Just be sure to buff up your social media skills and keep up with the latest trends and platforms.

20. Drone videography

If you own a drone and know how to use a camera, there’s a market for your services. Commercial and residential real estate agents are increasingly using aerial shots as a way to market their buildings and property. You can find real estate agents in your area using platforms like Zillow. Then reach out and offer up your services. Other industries, such as agriculture, events and more have uses for drones, as well.

21. Cybersecurity or IT consulting

Businesses today are increasingly threatened by cyberattacks, making the need for IT consultants greater than ever. As an IT consultant, you can help businesses evaluate their security systems, run tests and offer advice on how they can better protect themselves from cyberhackers.

More generally, an IT consultant can help businesses set up their computers and troubleshoot any general issues.

22. Venture capitalist

A vast majority of tech startups are backed by venture funding. If you have an interest in the tech space, but don’t have any technical knowledge yourself, you can try raising some money and becoming a venture capitalist or angel investor.

Similar to being an influencer, a venture capitalist isn’t something you can simply become overnight. That’s because being a venture capitalist requires allowing others to trust you with their money.

You need to start small and make some solid investments in order to make a name for yourself. Many independent investors join a VC fund for a while before striking off and starting their own fund.

23. Startup incubator

Another way to get involved in the tech world without having a lot of technical experience is to create your own startup incubator. The job of an incubator is to help startups plan and launch their business successfully. Services provided may include management training, office space and mentorship opportunities.

Of course, you’ll need some background in business to be able to successfully launch an incubator. The cost of creating your own incubator and attracting founders may also be difficult to muster. Many incubators start small and grow over time once they have successfully helped multiple startups enter the market.

24. Antivirus developer

An antivirus developer is a highly specific sort of tech business idea that pertains to the creation of antivirus software that can help businesses protect critical data. Antivirus software can be created using a variety of different programming languages. The overall goal of an antivirus is to detect and remove malware before it impacts a computer’s systems. Start networking with local businesses in your area to find out if there's a need for this service.

25. Domain name broker

Being a domain name broker is similar to being a stockbroker, except instead of stocks, you sell domain names. To get started you need a little capital to buy some domain names. You’ll then need to educate yourself so that you’ll be able to predict domain name requirements in the future.

So like most of the businesses on this list, it will take some work to get started. But everyone needs a domain name, so there will always be a market for this service.

The bottom line

We hope our list has helped you figure out which tech business idea is the right fit for your skills and interests. Regardless of the route you choose to take, you’ll need to write a business plan, create a business entity and maybe take out a business loan to get your startup off the ground.

On a similar note...

63 Tech Startup & Software Business Ideas [2023]

Looking for a startup idea?

In this article I'll walk you through 64 tech startup and software business ideas that are working today.

With each idea, I'll show you examples of successful businesses and how much they are making.

Here's the list:

1. Start a CRM business

A Customer Relationship Management (CRM) software keeps track of prospects, clients and their contacts and also helps you monitor your sales pipeline as well as to create reports for business intelligence.

The CRM market is a $50B and growing industry .

How much you can make: $5,000 — $2,100,000/month

How long does it take to build: 180 days (?)

Case Study On Starting A $160K/Month CRM & Automations Company After A US Air Force Career GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations. $160K Monthly Revenue 7 10.5K

2. Create a landing page builder

Let’s face it: creating a product is easy; creating a product that sells is the real challenge. Many startups have great-looking websites but lack a highly converting landing page. A landing page builder does just that; it builds landing pages for you.

Unbounce , a popular landing page tool, makes nearly $26M per year .

How much you can make: $10,000 — $160,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 60 days (?)

3. Start a 3D Printing Business

3D printing, also known as additive manufacturing, makes it possible to produce a physical item by assembling a material layer by layer.

If you love creating stuff, then a 3D printing business may be for you.

How much you can make: $42,000 — $330,000/month

How long does it take to build: 360 days (?)

Case Study How I Started A $330K/Month Ecommerce Specialized In 3D Printing Founder Roy Kirchner shares how he started an eCommerce business specializing in 3D printing with an initial investment of $65,000, which now averages monthly gross sales of $330,000 and has partnered with international manufacturers and local businesses while offering technical support and education. $330K Monthly Revenue $65K Startup Costs 12 28.5K

4. Start a fitness SaaS

Have you ever wondered what software gyms use to keep track of everything? Over 32,000 health clubs in the U.S. need software and tools to run their business!

How much you can make: $7,000 — $50,000/month

Case Study How I Developed A $20K/Month Software For Personal Trainers FitSW founder Jacob Montoya bootstrapped his company to $25K monthly revenue, helping over 20,000 personal trainers manage their businesses through software that enables them to create workouts, track progress, plan meals, accept payments, and manage schedules, and has now expanded to include FindTrainGain, enabling people to join live online fitness classes from the comfort of their homes. $50K Monthly Revenue $1K Startup Costs 11 8.62K

5. Create a social media scheduling tool

A social media scheduling tool is an online app that allows you to schedule your social media posts in advance, before publishing them on your social media channels.

Virtually all businesses use social media - this is a great market to build a startup in.

How much you can make: $2,000 — $333,333/month

How much does it cost to start: $1,000 (?)

How long does it take to build: 25 days (?)

Case Study How I Bootstrapped A Social Media Automation Tool To $2MM/Year MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search. $333K Monthly Revenue 19 11.6K

6. Create a meal planner app

Meal planners are used by millions of people around the world to stay organized, create meals, and even lose weight.

The weight loss services industry is currently valued at $22B and growing.

7. Create an online course

Online course businesses are one of the fastest-growing online business models. Creating an online course is an awesome way to generate extra income because it allows you to monetize the knowledge you already have. More people are taking online courses every day, and the COVID pandemic has accelerated that, with some online learning platforms having seen 15-fold growth in the number of users .

Another advantage is that these new platforms are so easy to use for instructors that you don't have to worry at all about the tech side of the business. You just need to focus on creating exciting content that is informational & engaging at the same time.

Starting an online course allows you to eliminate some of the huge costs associated with setting up a physical training facility, and it's a great way to reach as many people as possible.

How much you can make: $350 — $3,735,000/month

How much does it cost to start: $2,000 (?)

How long does it take to build: 90 days (?)

Case Study How This 28-Year-Old Couple Quit Their Jobs And Make $20K/Month Running A Blog Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management. $20K Monthly Revenue $500 Startup Costs 15 24.3K

8. Start a productized service

Productized services are created when a larger service is broken down into smaller services that can be sold separately.

This makes it easier to sell the same service to multiple clients and creates an easily-marketable product. For example, a marketing agency that usually charges by the hour, instead, charges a flat monthly fee.

This business strategy works well in B2B markets, as you can sell the same value proposition to multiple clients, and give them a great return on investment.

The reason why you should start a productized service business is simple: making recurring revenue from your expertise can be very useful if you want to build a business based on passive income.

How much you can make: $200 — $1,250,000/month

How much does it cost to start: $1,750 (?)

Case Study How We Bootstrapped A Music Licensing Business to $2.5M/Year EasySongLicensing.com grew from a mobile recording business to a bootstrapped music licensing agent, with a user base of over 60,000 clients and a gross profit of $2.5M in 2018, seeing a 30% increase in 2019, through investment in online marketing, customer service, and forming new partnerships. $315K Monthly Revenue $75K Startup Costs 16 14.6K

9. Become a shopify app developer

Have you thought about a career building Shopify apps?

Shopify is a Canadian e-commerce company that provides an online platform for entrepreneurs to set up their own online stores and sell products. Shopify is now valued at over $45B (as of 2022) with over 1.75M merchants using the platform worldwide.

To be able to build a plugin for Shopify, you need to know how to code. If not, then at least have some knowledge of HTML and CSS. You also need experience in the Shopify API and some basic knowledge about the Liquid template language for Shopify.

How much you can make: $150 — $65,000/month

How long does it take to build: 115 days (?)

Case Study How I Taught Myself How To Code And Built My Own Business ByteStand, a software development company run by ecommerce experts, created Shopify apps, including FreshCredit and FBA Shipping, which generate approximately $17,000 per month in revenue, with over 2,000 shops using their software. $65K Monthly Revenue $50K Startup Costs 12 14.5K

10. Start a travel rewards app

A travel rewards app is a special mobile app that helps you earn points and rewards while traveling. These apps are designed to be used by frequent travelers who are looking to benefit from their travels.

If you love to travel but have never been able to afford it then this might be the first step to turning your dream into a reality. By making a travel rewards app you can earn handsome money by monetizing that app.

Creating a travel rewards app sounds like a complicated task. But it can be much easier than you think. You don't need travel industry experience or an office in Silicon Valley to design something that gives people more ways to earn rewards on their everyday purchases.

How much you can make: $150,000/month

How long does it take to build: 800 days (?)

Case Study How I Launched A $150K/Month Frequent Flyer Programs Tracking App AwardWallet is a loyalty program tracking website which has grown to over $150,000 in monthly revenue, and since launch has retained users mainly through word of mouth due to its superior product in the space. $150K Monthly Revenue 4 9.36K

11. Become a digital product designer

A digital product designer is a multidisciplinary professional who is involved in the creation of digital products. A digital product designer is responsible for the whole process from an initial concept to the launch of a product.

Many designers are looking for how to make a living with their designs. They want to build websites, sell products online, and be as productive as possible. It's hard these days because there are more designers than ever working on the same projects. But with some basic actionable techniques, you will easily succeed in creating a sustainable digital product design business.

Starting a digital product designer business is a great side hustle for graphic designers looking for an alternative to freelancing. The idea is simple: grow a portfolio of user interface design PSD templates and sell them to new businesses.

How much you can make: $3,500 — $300,000/month

Case Study How I Started A $69K/Month Software Agency After A Failed Product Launch A software agency started by a non-technical founder helps diverse clients with their minimum lovable product, boasting a revenue of over $700,000 this year with a 20% profit margin and a team of 8. $91K Monthly Revenue 16 22K

12. Start a payment app

A payment app lets you accept payments from anywhere, using your mobile phone or tablet. It’s best for business owners and professionals to get payments for products or services occasionally or irregularly.

Starting a payment app is an excellent way of making passive income online. It doesn’t require much initially, and the revenue can be significant.

Payment apps are quite popular nowadays, allowing people to pay for goods and services with the tap of a button on their phones. Creating a new payment app can help you capture a share of this growing industry and virtually endless niche for your business.

How much you can make: $1,000 — $2,000,000/month

How long does it take to build: 165 days (?)

Case Study How I Created A $60K/Month App That Collects In-Person Payments Through Stripe Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge. $60K Monthly Revenue 13 17.5K

13. Start a SEO agency

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with an excellent chance for success.

It’s easier than ever to start your SEO agency. The tools are there, and the competition isn’t as stiff as it used to be. If you’re considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

How much you can make: $1,000 — $10,000,000/month

Case Study How I Started An SEO Agency For Lawyers Generating $3.6M/Year Rankings.io is a hyper-focused SEO agency that helps elite personal injury law firms dominate first page rankings and was ranked #858 in the Inc. 5000 list of the fastest-growing companies in America for 2018, with a current revenue just under $300,000 per month, with plans for a record-breaking year. $10M Monthly Revenue 30 31.3K

14. Develop a seo software

SEO software is a computer program that is designed to handle search engine optimization tasks by optimizing the website content, managing backlinks, and other SEO activities.

SEO is something that you need to do for your website or blog in order for it to get any traffic. Some of us are new to SEO, even if we are SEO experts. SEO isn't just a craft, but an art form as well.

Making your own SEO software is more than potentially profitable. It also lets you interact with the people who use your software and allows you to figure out best practices from the data you collect.

How much you can make: $2,000 — $500,000/month

How much does it cost to start: $5,500 (?)

Case Study How I Bootstrapped My SaaS Company To $2.5M/Year In 5 Years As A Solo Founder Solo founder Todd Hooper bootstrapped Prerender.io from zero to $2.5 million in ARR over 5 years by releasing an open-source project on Github and turning it into an SEO-friendly version of React, Angular, and Javascript websites, and then offering it as a SaaS service for businesses. $220K Monthly Revenue 22 13K

15. Start a freelancer platform

Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.

The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025 . While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.

With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.

How much you can make: $3,000 — $5,000,000/month

How long does it take to build: 80 days (?)

Case Study We Bootstrapped A Tech Talent Platform To $1.2M Sales In Our First Year CloudDevs, a tech talent platform that sources and vets freelance tech talent and matches them with companies, has achieved $1 million in GMV in its first year, plans to achieve 100% growth year on year, and focuses on customer loyalty through its Net Promoter Score metric. $100K Monthly Revenue $2.5K Startup Costs 18 15.1K

16. Start an influencer reporting tool business

The influencer reporting tool is a great way to see which influencers are performing well right now. You can also look at the share of voice and performance over time. Find out what other people are saying about them on social media and get an overall view of the influencer's results.

Influencer reporting is an important part of any modern company's marketing strategy and it shouldn't be a struggle to find the information you want.

Starting an influencer reporting tool business might sound risky, but it doesn't have to be. When you're competing in a crowded market with billions of dollars at stake and high barriers to entry, having a formal business plan is a great way to start off on the right foot.

How much you can make: $13,000/month

How long does it take to build: 365 days (?)

Case Study How We Developed A $8.5K/Month Reporting Tool For Influencers InfluenceKit is a reporting tool that helps content creators increase their sponsored content revenue with accurate, always-updated reports, who have 180 paying customers so far, popular among bloggers, Instagrammers, YouTubers and podcasters. $13K Monthly Revenue 12 6.34K

17. Start an email marketing tool

An email marketing tool, also known as an 'email tool', is a software application that helps you create, manage and automate email campaigns. Basically, it's a program that allows you to write and send bulk emails.

Email marketing is one of the most effective marketing channels around. It can be used to generate leads, increase sales, create subscribers, improve your SEO rankings and reach more customers than you would with a blog or website.

The email marketing industry is booming. The global email marketing tool market size is expected to reach $2.53B in 2028 . Making an email marketing tool business is as easy as buying a domain and hosting account, but that is just the beginning. You will soon start to see the endless possibilities for creating tools that will be used by entrepreneurs, startups, and even real estate agents.

How much you can make: $120 — $2,033,333/month

How much does it cost to start: $600 (?)

Case Study I Built A SEO Tool That's Completely Free For Users [From Lebanon] H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years. $2K Monthly Revenue 11 11.7K

18. Become a Facebook ads consultant

Facebook ads are a great way to drive traffic to your website. If you run Facebook ads and promote the right products, it will bring you many customers. Knowing how to manage campaigns successfully to obtain the best results is essential.

Facebook ads consultant business is one of the favorite types of new businesses to start. Facebook ads consultant businesses are popping up all over the place. More and more consultants are finding success in this arena.

Starting a Facebook ads consultant business can make you earn an extra passive and predictable income. But the amount of money you can make depends on your niche, ad budget, and other factors.

How much you can make: $35,000 — $8,000,000/month

How much does it cost to start: $550 (?)

How long does it take to build: 45 days (?)

Case Study How I Disrupted The Ad Industry And Grew My Business To $20M/Year MonetizeMore founder and CEO shares his success story of growing his ad optimization business to over $20M in annual revenues by focusing on the offering that delivered the best results, using content marketing for lead generation, and establishing strategic partnerships with complimentary businesses. $8M Monthly Revenue 12 16.8K

19. Start a pdf conversion business

As pdf has become an essential format for about every industry it only makes sense that everyone would want the ability to convert their documents in both ways. This is great news for anyone looking to start a business centered around converting pdf.

Starting a pdf conversion business can help you earn extra income and take control of your career. Professional pdf conversion services are in great demand.

Many medium to large companies prefer to present their documents in pdf rather than Microsoft Word. Besides, various official and private organizations prefer PDF versions of documents for security. This creates an opportunity for anyone to start a profitable business by establishing a standalone pdf conversion company.

How much you can make: $5,000 — $15,000/month

How much does it cost to start: $800 (?)

How long does it take to build: 135 days (?)

Case Study How I Developed A $3.5K/Month Tool That Converts HTML To PDF A passionate computer-coder entrepreneur shares the story behind his successful PDFShift business which after a year and a half generates $3.2k of monthly revenues with the focus now on growth. $5K Monthly Revenue 12 7.62K

20. Start a bibliography and citation app

Bibliography and Citation tools create citations, reference lists, and bibliographies. Teachers, students and web content writers are some of the common users of the bibliography and citation apps.

The tools help users complete and improve bibliographic data by comparing it with curated online catalogues like Google Scholar, springer or MathSciNet. The citation tools are for users who value simplicity, privacy and speed when it comes to referencing.

With scholars and researchers wanting to do more within their usual working day, the demand for bibliography and citation apps will keep rising.

Therefore, if you are familiar with App development and are interested in starting an app based business idea, the citation and bibliography applications will be a great idea.

How much you can make: $500/month

Case Study How I Developed A $500/Month App To Create Citations And Bibliographies Citationsy is an online referencing generator launched in 2017 that grew from nothing to over 200,000 users as of February 2020, all through word-of-mouth and SEO, and is making a profit every month without spending any money on marketing or Google ads with a customer acquisition cost that is essentially zero. $500 Monthly Revenue 9 4.49K

21. Create a screensharing software

How much you can make: $31,150/month

Case Study How I Launched A $31K/Month Screensharing For Sales Teams App CrankWheel is a screen-sharing solution for sales teams, founded by Icelandic entrepreneur Jói Sigurdsson and his co-founder Gilsi, with $370k ARR earned and a "best B2B SaaS startup" pitching win at SaaStock, utilizing "lean startup" methodology and implementing a "land and expand" strategy to attract and retain customers. $31.2K Monthly Revenue 2 6.21K

22. Start an influencer platform

How much you can make: $2,000 — $350,000/month

How long does it take to build: 422 days (?)

Case Study I Created A Two-Sided Marketplace That Helps Brands Find Influencers Afluencer is a two-sided marketplace that connects brands with influencers and helps influencers, creators, and ambassadors find paid gigs, with 6,500+ active influencer users and 1,000+ brand users yielding 100% YoY revenue growth. $2K Monthly Revenue $500K Startup Costs 3 3.02K

23. Create a calendar sync tool

How much you can make: $1,500 — $177,000/month

How long does it take to build: 120 days (?)

Case Study How We Built A Resource Scheduling App to $2.1M ARR Resource Guru is an online team calendar software, used by around 20,000 people in 88 countries around the world to help them manage their team's time, and has a current ARR of $2.1m. $177K Monthly Revenue 14 10.6K

24. Become a game developer

Are you passionate about video games and want to turn your hobby into a career? Have you always dreamed of creating your own game and seeing it come to life on the market? If so, then becoming a game developer may be the perfect business opportunity for you.

As a game developer, your job will involve creating, designing, and coding video games from start to finish. This includes coming up with ideas for new games, creating prototypes and mockups, coding the game using programming languages like C++ or Java, and testing and debugging the game to ensure it is functioning properly.

To start and run a successful game development business, you will need a few key things:

A strong foundation in programming and computer science. While you don't need to be an expert programmer, having a strong understanding of programming languages and computer systems will be essential to creating and coding your games.

Creativity and a knack for storytelling. Game development is about more than just coding - it's also about coming up with engaging and immersive storylines that will keep players coming back for more.

Marketing and business skills. Once your game is complete, you'll need to market it and get it in front of potential customers. This will require a strong understanding of social media, digital marketing, and business strategy.

A team of skilled professionals. Depending on the size of your business, you may need to hire a team of developers, artists, and other professionals to help bring your game to life.

With these skills and resources, you can start and run a successful game development business and turn your passion for gaming into a lucrative career.

How much you can make: $2,500 — $100,000/month

Case Study We Created A $100K/Month No-Code Tool For Video Game Developers Construct 3, a browser-based game engine that allows anyone to create games without coding, has grown from a pay-once model to generating $100k per month in revenue through a subscription-based system, after launching with the help of early-adopter customers and a focus on organic growth, customer feedback, and white-hat SEO. $100K Monthly Revenue $1K Startup Costs 9 8.96K

25. Start a social network

A social network business is a company that operates a platform for users to connect and interact with each other online. This can include features such as messaging, sharing posts and photos, and joining groups and communities.

To start a social network business, you must develop a website or app that allows users to create profiles and connect with others. You will also need to consider how you will generate revenue, such as through advertising or offering premium features for a fee.

It is essential to focus on building a solid community of users and maintaining a positive online environment. This can involve moderating content and addressing any issues or concerns that arise. It would help if you also considered offering customer support and continually updating and improving your platform to meet the needs and interests of your users.

To run a successful social network business, it is also essential to market your platform and attract new users. This can involve utilizing social media and other online marketing techniques and offering incentives for users to invite their friends and connections to join.

Overall, a social network business offers a unique opportunity for entrepreneurs to connect with people and build a community online. The right strategy and focus on user experience can be a rewarding and lucrative business venture.

How much you can make: $1,500 — $2,900,000/month

How long does it take to build: 240 days (?)

Case Study I Built A $10K/Month Online Community Where We Fight Fake News Stories Aucoin Analytics, LLC is a private intelligence company that delivers highly specialized risk assessments and intelligence reports, while also offering a subscription-based private intelligence community that provides access to subject matter experts in government intelligence, with profits at $10,000/month. $13.8K Monthly Revenue $25K Startup Costs 11 3.16K

26. Become a computer refurbisher

Computer refurbishing is the process of restoring used computers to working conditions. Refurbishers typically purchase used computers from individuals or businesses, and then they clean them up, install new parts, and test them to make sure they are in good working condition.

To start this business, you'll need skills in data recovery, hardware repair, and software troubleshooting. It is a perfect idea for those who have an interest in technology and a knack for repairing electronics.

The average Computer Repair Technician in the US makes $51,129. The salaries of Computer Repair Technicians range from $19,892 to $74,573, with a median salary of $55,440.

With the ever-growing popularity of laptops, tablets, and smartphones, there is a great demand for refurbished computers. And with data science and data analytics, you can easily identify which computers are in high demand and how to best refurbish them.

Starting this type of business is a great idea for those with an entrepreneurial spirit and a passion for technology. If you can navigate the regulations, this can be a lucrative business with a lot of growth potential.

How much you can make: $13,500,000/month

Case Study I Was Too Young To Drive But Started My Business Anyway: Now We're Approaching $200M/Year OWC Larry, founder and CEO of Other World Computing, shares how he started his business at a young age with just a credit card, now experiencing a solid year-over-year growth with a CAGR of 43.78% over the past 33 years. $13.5M Monthly Revenue $20K Startup Costs 4 4.72K

27. Become a domain reseller

A domain reseller is an act of buying domain names from an accredited domain registrar to sell to customers as a service.

Thus, a domain reseller is a middleman between the registrar and the domain name customer. To become a domain reseller, learn the basics of domain reselling and choose the best domain reseller program based on your business objective.

How much you can make: $1,300 — $500,000/month

How much does it cost to start: $400 (?)

How long does it take to build: 7 days (?)

Case Study How We Created A $1,3K/Month Domain + Logo Package For Startups Indiebrands sells company names completed by ready-made logos and a great top-level domain, making an average monthly revenue of $1,300 in the last 12 months and growing about 200% in the last year through selling to startup founders and indie hackers. $1.3K Monthly Revenue $400 Startup Costs 4 2.49K

28. Start a website hosting platform

How much you can make: $7,000 — $300,000/month

How much does it cost to start: $1,500 (?)

How long does it take to build: 75 days (?)

Case Study How I Turned My Teenage Hobby Into A Profitable Static Web Hosting Service Tiiny.Host is a web hosting company that's doubled its monthly recurring revenue every three months, amassing 40,000+ users by providing an easy-to-use hosting and file sharing solution, and built up its brand through SEO. $10K Monthly Revenue $100 Startup Costs 9 4.27K

29. Become a computer manufacturer

A computer manufacturer business involves designing, producing, and selling computers and computer hardware. This can include desktop computers, laptops, tablets, and even servers and other specialized equipment.

To start a computer manufacturer business, you will need a strong understanding of computer hardware and technology. This may include a degree in computer science or a related field, as well as experience in computer hardware design and production. You will also need a well-defined business plan, including a marketing strategy, a budget, and a plan for sourcing components and materials.

In addition to these technical skills and business planning, you will need to have strong communication and customer service skills. As a computer manufacturer, you will be interacting with both retail and wholesale customers, and will need to be able to clearly explain the features and benefits of your products.

The computer manufacturing industry is a large and growing market, with global revenue expected to reach $485 billion by 2024. In the United States alone, the computer and electronic product manufacturing industry employs over 800,000 people and generates over $300 billion in annual revenue. With the increasing reliance on technology in personal and professional settings, the demand for high-quality computers and computer hardware is expected to grow in the coming years.

To run a successful computer manufacturing business, it is important to stay up-to-date on the latest trends and technologies in the industry. This may involve attending conferences and trade shows, conducting market research, and continuously improving your products and processes.

By staying on the cutting edge of the industry and providing excellent customer service, you can build a successful and thriving computer manufacturer business.

30. Become a video game audio creator

The video game audio serves to immerse the player in the game through dialogue, thematic music, and sound effects. With the video game industry snowballing, becoming a video game audio creator can be a rewarding career.

To become a video game audio creator, you need a qualification in the related field and work under someone as an intern to acquire the necessary skills.

How much you can make: $20,000/month

Case Study My College Project Inspired Me To Start A $240K/Year Audio-Sharing Platform Blerp is a soundbite-sharing platform that works with over 40,000 streamers and has helped them generate over $1M in revenue through sound donations, with over 50,000 active streamers on the platform, thanks to their dedication to product marketing and testing every new feature and product. $20K Monthly Revenue $20K Startup Costs 2 2.49K

31. Start an ai platform

How much you can make: $5,000 — $41,400,000/month

Case Study I Built A Simple AI Writing Tool That Makes $60K/Year Rytr, a new AI writing assistant developed by a startup platform and business incubator, has become a market leader, serving over 300,000 customers across the world and doing seven figures in ARR. $5K Monthly Revenue $25K Startup Costs 10 5.35K

32. Start a telehealth business

Navigating the healthcare landscape is a challenge, making telehealth a highly appealing proposition. A telehealth business uses digital information and communication technologies to cover long distances and provide health care. It opens a spectrum of opportunities - connecting patients to healthcare services via video chats, forwarding health data to doctors for examination, and even educating healthcare professionals.

Starting a telehealth business could place you at the forefront of an emerging industry. The global pandemic has proven the need for quality remote healthcare, and this trend is unlikely to reverse. By giving patients greater access to healthcare professionals from the comfort of their homes, you're not just building a business, but building a service that can make a significant difference in people's lives.

Before you get started though, understand that this will involve understanding and navigating healthcare regulations, and possibly teaming up with medical professionals to provide services. However, considering the growth potential of telehealth, the venture may very well be worth it.

How much does it cost to start: $4,997 (?)

How long does it take to build: 91 days (?)

33. Start a cybersecurity startup

How much you can make: $14,000 — $2,000,000/month

How much does it cost to start: $2,500 (?)

How long does it take to build: 282 days (?)

Case Study How I Started A $45K/Month Cybersecurity Consulting Firm For Startups Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments. $230K Monthly Revenue 8 32K

34. Start a fintech startup

How much you can make: $6,000 — $1,700,000/month

Case Study How We Bootstrapped A $72K/Year Online Acquisition Marketplace [With A $0 Marketing Budget] BitsForDigits is an acquisition marketplace for internet startups and online businesses looking to exit, with steady growth in the number of signups and making $6,000 per month, attracting customers organically with zero marketing spend. $6K Monthly Revenue $300 Startup Costs 6 3.43K

35. Start a business incubator

The popularity of incubators is on the rise. Today, start-ups and small businesses have unique needs because they have limited resources and often need professional help to get started. You can design your business incubator by leveraging your experiences as an entrepreneur.

Listed are the steps to start an incubator business.

• Plan your business
• Secure all needed permits and licenses
• Hire needed staffs
• Promote your business

How much you can make: $6,800/month

Case Study We Created An $80K/Year Incubation Program To Help Minorities And Women Entrepreneurs Hutch, founded by Fearless, is a 24-month program that helps minority and women entrepreneurs in government digital services; the program has had 9 graduates, 11 company founders in current two cohorts, and 20 companies within its portfolio. $6.8K Monthly Revenue 6 2.88K

36. Start a dating app

A mobile dating app is one of the most popular mobile-only businesses for creating an ecosystem and generating revenue. But, with the help of a robust development team, you can surpass all your competitors and create a sleeker end product than anyone else in this market.

Dating apps have made their way into an industry that was gaining enough traction. The online Dating Market size was valued at $7.35B in 2020 and is projected to reach $10.87B by 2028.

How much you can make: $11,250,000/month

How long does it take to build: 579 days (?)

Case Study Bumble: Whitney Wolfe : How I Built This with Guy Raz How Whitney Wolfe, co-founder of Tinder, built dating app Bumble - where women make the first move - with close to 30 million downloads, after leaving Tinder alleging sexual harassment. $11.3M Monthly Revenue 6 414

37. Start a job board

Starting a job board is the easiest way to make money online and have others work for you. This is one of the most underrated ways of creating an online business with no start-up costs. The global online job board market size was $28.68B in 2019 and is projected to reach $43.39B by 2027.

It's no secret that finding a job can be tough. In a time when we have to work harder for less money and resources, it's tempting to give up looking for work altogether. Thankfully, there is another option: starting your own job board.

How much you can make: $1,500 — $1,500,000/month

How much does it cost to start: $250 (?)

How long does it take to build: 70 days (?)

Case Study How I Started A $85K/Month Business Connecting Companies With Tech Talent In South America TECLA is a bootstrapped business connecting startups with pre-screened tech talent in South America, boasting almost 9,000 remote candidates on their platform and over $1 million in revenue as of 2019. $85K Monthly Revenue 8 8.28K

38. Start an email newsletter business

How much you can make: $100 — $2,133,000/month

How long does it take to build: 30 days (?)

Case Study How I Started An $8M/Year Stock Market Research Website Financial media company MarketBeat, founded by Matt Paulson, provides objective financial information and real-time market data to empower individual stock investors to make better trading decisions, generating approximately $8 million in revenue in 2019 and ending the year with over 1.3 million unique email subscribers due to a freemium model with 75% of revenue from advertising and 25% from subscriptions. $2.13M Monthly Revenue 963 21.6K

39. Start a NFT startup

How much you can make: $1,000,000/month

How long does it take to build: 8 days (?)

Case Study I Launched An NFT Project That Made $1M Chibi Dinos NFT, a play-to-earn NFT community co-founded by 25-year-old Sean Kelly, earned $2.4M in revenue during its initial sale, reinvesting 60% of its earnings into staffing and marketing while earning $2,005.0453th in secondary sales on OpenSea, thanks to tapping into Twitter users as part of its marketing strategy. $1M Monthly Revenue $100K Startup Costs 5 3.37K

40. Start a food startup

Starting a food business can involve opening your own restaurant, bakery, food truck, cake shop, or even starting a business or blog online.

Other kinds of food businesses include manufacturers, wholesalers, and retailers. Food businesses prepare a wide range of foods such as snacks, sweets, and meals to sell directly to consumers and also include cafeterias at workplaces and similar facilities.

If you have a passion for food, starting a food business can be an extremely fun, challenging, and rewarding business venture.

How much you can make: $2,000 — $61,650,000/month

How long does it take to build: 150 days (?)

Case Study How We Started A Successful Hot Sauce Brand Trini Pepper Sauce co-founder and co-owner, Mustafa Mannan, shares how he successfully imported and manufactured his family's unique pepper sauce recipe and launched it through a Kickstarter campaign, now selling an average of $3,000/month in revenue. $2.25K Monthly Revenue 6 32.2K

41. Start an idea management software

Idea management software is designed to help businesses and teams collaborate and track their ideas. The act of managing ideas can heavily influence the outcome of teams and projects, which can mean the difference between success and failure for a company.

You'll need to ensure that you have a solid foundation of coding and prototyping to build this kind of software. On top of that, you'll want to have good sales and marketing skills to sell this software to companies and executives.

How much you can make: $66,000 — $750,000/month

How much does it cost to start: $7,000 (?)

Case Study How We Designed A $200K/Month Idea Management Software UK-based Idea Drop is a software-as-a-service (SAAS) allowing businesses to identify, refine and execute innovative ideas through its platform, which is already being used by MT, Ericsson, and the Kent Police Force, offering a public challenge facility allowing clients to crowdsource ideas, with one Covea idea implemented via the platform estimated to save the company £2.5m over five years. $200K Monthly Revenue $50K Startup Costs 7 7.27K

42. Start an ux testing software

Case Study How I Bootstrapped A $1.8M/Year UX Research Software PlaybookUX is a remote research platform that uses qualitative research to test and analyze digital assets with Fortune 500 firms and sole freelancers as customers, having achieved $1.8m in annual revenue with 1,100 customers and 100% YoY growth as a result of bootstrapping their business and keeping user feedback in focus. $150K Monthly Revenue $100K Startup Costs 9 2.67K

43. Start a payment app

44. create a digital wallet app.

A digital wallet is a financial transaction application that runs on mobile devices. In today’s digital era, people demand the freedom to purchase anything and be able to pay from their digital wallets.

With technological advancement, making digital payments has become easier than ever before. Anyone can use mobile payment platforms to pay and accept payments online. Therefore, creating a digital payments wallet can be a great business opportunity.

To create a digital wallet, conduct extensive market research and create a business plan. It would help if you could hire competent programmers to create a secure payment gateway.

How much you can make: $220,000 — $1,500,000/month

How long does it take to build: 400 days (?)

Case Study How We Launched A $1.5MM/Month Digital Wallet and Financial Services Company iCard is a leading e-money institution that offers a unique and 100% digital bank account alternative, with their app and services supporting the daily payments of people in over 30 European countries, and since launch in late 2017, the iCard app has seen around 500,000 downloads. $1.5M Monthly Revenue 14 9.72K

45. Start a background check software

Background check software enables organizations to check and verify the information provided by potential employees or customers. The background software verifies various data sets, including the subject's education history, past employment, criminal records, and financial and other records.

Organizations would want to thoroughly scrutinize the persons they transact with and those they entrust with their daily operations. Therefore, the demand for background check software presents a potential business opportunity for programmers.

How much you can make: $20,000 — $500,000/month

How much does it cost to start: $50 (?)

Case Study How I Started A $6M/Year Background Check Software Business Safe Hiring Solutions, a security technology company that provides comprehensive background checks for schools, ministries, volunteer organizations, and corporations has more than 7,000 clients and has been included on the Inc 5000 list the past five years, with a number 16 ranking for the fastest-growing private company in the Indianapolis region by the Indianapolis Business Journal. $500K Monthly Revenue 14 10.2K

46. Create a website builder

How much you can make: $200 — $350,000/month

How much does it cost to start: $4,750 (?)

47. Start an ecommerce platform

Over the past decade, eCommerce has become an indispensable part of the global retail framework. According to statistics, over 2 billion people prefer shopping online.

While brick-and-mortar stores are still making more sales compared to online sales, the adoption of eCommerce is still rising, mainly because of the increased speed and convenience of online shopping.

Therefore, starting an eCommerce platform could set you on the right path to building a futuristic business.

How much you can make: $100 — $83,333,333/month

How long does it take to build: 110 days (?)

Case Study How We Started A $700K/Month Business Getting Targeted Traffic For Online Sellers StoreYa co-founders Eyal Reich and Yariv Dror, along with CTO Pasha Zaft, created a suite of marketing and advertising apps that include Traffic Booster, which has generated an average of $700,000 MRR and helped the business win a 2018 Google Acquisition Performance award, as well as becoming a PayPal exclusive advertising partner. $1.4M Monthly Revenue $5K Startup Costs 14 9.84K

48. Start a social media automation business

How much you can make: $4,000 — $333,333/month

How long does it take to build: 40 days (?)

49. Build an API

API is the acronym for “application programming interface” and is a software intermediary connecting applications.

More and more companies are adopting a digital business strategy to streamline their operations and provide better customer service.

Many benefits come with using an API, and we’ve compiled a list of the best API businesses today.

How much you can make: $3,600 — $500,000/month

How much does it cost to start: $300 (?)

Case Study Creating An API for Developers Earning $15K/Month Geocode.xyz, a geolocation API, has grown from thousands of daily users to over a hundred million in monthly API calls to revenues of over $15k per month, showing over 1,000% growth in the past year while providing a geocoding API for the world. $30K Monthly Revenue $10 Startup Costs 13 22.5K

50. Start a productivity tool

How much you can make: $30 — $500,000/month

How much does it cost to start: $3,000 (?)

Case Study On Starting A Web And App Development Studio Coming From The Real Estate Industry Bloomy Lab, a web and app development studio, shares insights on how they developed their virtual staging platform Tantify and their process of launching new products without any ads, resulting in 40,000 downloads and $1,000 monthly revenue, as well as their plans for future expansion. $40K Monthly Revenue 7 5.72K

51. Start a writing tool

How much you can make: $30 — $17,366,666/month

52. Start an online video editing business

Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.

To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.

How much you can make: $2,000 — $208,000/month

Case Study How We Developed A $6K/Month Online Video Editing Software VEED.IO, a London-based start-up co-founded by Sabba and her partner, offers a simple online video editing platform using batch job cloud architecture to help social media managers across the world auto subtitle, filter, rotate videos and much more, earning the company $5,300 MRR and the founders Ramen profitability within just a year of starting. $6K Monthly Revenue 12 11K

53. Start a training software

Online learning software makes it easy for institutions to deliver course content to learners. The learners can be students, employees, or even business people who want to learn a new skill.

Starting an eLearning software can be a profitable investment. Industry experts project that the e-learning market will double in the next few years.

Your business can provide content, create supporting technology, and administer e-learning courses.

How much you can make: $8,696 — $450,000/month

Case Study How I Grew A Training & Wiki Software Tool To $2M ARR Trainual is a software platform that helps small businesses effortlessly scale by capturing every process, role, and responsibility, creating a consistent, teachable, and scalable knowledge base. With over 15k users in over 80 countries, Trainual has grown to $2M ARR by catering to businesses looking for something more manageable than an enterprise learning system. $450K Monthly Revenue 9 6.92K

54. Start a time tracking app

A time tracking app is a tool used allows its user to clock in/out via an internet-connected device or to use a stopwatch to record the start and end of tasks. The time tracker apps also have analytics and reporting features that consolidate the data so that users can gain insights into time spent on different tasks, projects, and clients.

The growing need among managers and enterprises to improve employee productivity and adopt a remote work culture contribute to the high demand for time-tracking apps.

Therefore, if you are looking for the best App-based business, you may consider developing a time tracker application. Here is a high-level overview of some steps to get you started working on your business idea of the time tracker App

• Define the project scope
• Choose a software development methodology
• Formulate the approach for your development project
• Create a project team
• Develop the project plan with timelines
• Test the prototypes
• Find suitable API solutions
• Publish the Apps

How much you can make: $350 — $500,000/month

Case Study How I Launched A $185K/Month Employee Time & GPS Tracking App Labor Sync is a mobile application that provides business owners with the ability to track the time and GPS location of their mobile workforce and after just one year of use, they saved $104,000 across 45 employees despite starting off with no funds for advertising or marketing. $185K Monthly Revenue 8 7.53K

55. Start a saas company

SaaS (Software as a Service) is software that allows users to access and use it over the internet. It is a subscription-based service that provides users with access to software that they can use for their business. It offers a variety of features, including a project management tool, an automation engine, and a workflow designer.

To start a SaaS company you should be familiar with the SaaS business model and have a good understanding of how to build and market a SaaS product. You should also have strong technical skills and be able to develop a high-quality software product.

Salesforce is one of the best SaaS companies in the world. Salesforce provides an integrated CRM platform that brings companies and customers together. The company is one of the most innovative cloud software solutions providers on the market, generating nearly all its annual recurring revenue from SaaS tools. According to Salesforce's latest financial reports, the company's current revenue (TTM) is $26.49 B .

Starting a SaaS company is a great way to enter the tech industry. This type of company is growing in popularity as more businesses are looking for ways to save money and reduce their IT costs. SaaS companies typically have high margins and offer a lot of flexibility for entrepreneurs.

How much you can make: $500 — $166,666,666/month

Time commitment per week: Min. 5 hours/week

Case Study This Self-Taught Programmer Built A $360K/Year GPT-3 App Nichesss is an AI content generation tool that helps businesses and individuals write content quickly; founded by self-taught programmer Malcolm Tyson, the company has generated a monthly revenue of $30,000, with a user base consisting of copywriters, small businesses and marketing agencies. $30K Monthly Revenue 19 9.28K

56. Start a logo designing business

Creative logo design plays a critical role in getting brand recognition. Thus, startup owners ensure they have an outstanding logo that defines their professional assurance amongst customers. Do you have excellent art and design skills? Starting a logo design company can be a rewarding business idea. You can outsource a logo design service or do it yourself.

How much you can make: $1,000 — $1,000,000/month

Case Study How I Productized My Design Service And Created Logo Maker Tool For Startups Meet Craig Barber, founder of Logobly, an impressive new logo maker for internet startups that allows for designing and downloading a logo in just 60 seconds, which has helped 100s of entrepreneurs brand their startups and side projects, does around $1,000 a month in sales, and is productized based on his expertise as a logo designer. $1K Monthly Revenue $10K Startup Costs 5 6.31K

57. Start a video hosting service

How much you can make: $10,000/month

How much does it cost to start: $2,400 (?)

How long does it take to build: 52 days (?)

Case Study In One Year, We Launched A Video Hosting Platform & Hit $10K MRR Video hosting platform Vadootv has onboarded 15,000+ creators, SMBs, and brands around the world who are using the platform to scale their business online using videos, generating $300k in revenue from one-time license sales and $15,000+ in monthly recurring revenue. $10K Monthly Revenue $800 Startup Costs 9 2.02K

58. Build an analytics tool

Analytics tools are software or apps that help people to make data-driven decisions. They do this by providing users with the ability to access, visualize, and analyze the data.

If you have strong technical skills, then this could be a profitable business idea for you.

QlikView is one of the best Self-Service Business Intelligence, Data Visualization, and Data Analytics tool. In 2022, QlikView generates $750M in revenue .

With the rise of big data, more companies are realizing the importance of data and are looking for ways to make use of it.

Building an analytics tool is a great business idea because it's a tool that can be used by businesses of all sizes. Small businesses can use it to make better decisions about their operations, while larger businesses can use it to track and improve their performance.

How much you can make: $20 — $4,308,333/month

How much does it cost to start: $6,000 (?)

Case Study How Our Privacy Friendly Web Analytics Tool Reached $4K/Month Without Paid Ads Plausible Analytics, a privacy-friendly web analytics tool, reached $4,557 MRR and 743 paying subscribers by focusing on content marketing and engaging relevant communities, rather than paid advertising, while positioning itself as a lightweight, cookie-free and affordable alternative to Google Analytics. $100K Monthly Revenue 8 9.47K

59. Create a remote work tool

How much you can make: $140,000/month

Case Study Distro: From MVP To $2M ARR In 8 Months Distro, a marketplace for companies to find and hire software developers, has reached $2 million in ARR in just 8 months, and is profitable, giving founders hope to grow through capital efficiency focussing on product and sales by aggressively targeting a $3.5 million ARR by December 2022 alongside building a scalable marketing system and product implementation. $140K Monthly Revenue $250K Startup Costs 16 2.21K

60. Start an edtech startup

61. start a gaming startup.

How much you can make: $3,750/month

Case Study B2B hardware plus SaaS business breaks $4.5m in sales volume, super sticky SaaS revenues LYMB.iO founder Markos Aristides Kern creates interactive digital games that require physical activity, combining gaming and sports to gamify the world and increase physical activity, having sold over 1000 gaming units globally. $3.75K Monthly Revenue 5 415

62. Start a robotics company

The robotics industry is on the rise, a trend that, according to experts, is owing to its potential to increase economic growth and productivity. The high demand is owing to the strong need to automate labor need for more efficiency in product manufacturing, construction, and other sectors.

Besides, robots work in hazardous environments where human life is likely in danger, increasing productivity since they are wired to perform repetitive tasks for longer hours.

In that regard, the robotics businesses stand to benefit. Some sectors where we see robotics today include:

• Manufacturing
• Space exploration
• Entertainment

To start your robotics company, choose a niche and focus on building an interdisciplinary team with robotics engineers and software engineers from various specialties. You can use VC funding so you can finance your business.

Remember, robotics is still a tough business, so you should not expect everything to work from day 1.

63. Start an esports startup

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25 Tech Startup Ideas to Kickstart Your Entrepreneurship

  Last updated on April 6, 2023

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 eCommerce 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 has grown 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 can either 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, 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 on 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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Your “techspertise” is in demand. Here is how to own it.

It comes as no surprise that technology ranks as one of the fastest-growing and most in-demand industries in the world. It’s what powers innovation, communication and information, and its impact on productivity and success in the public and private sector is immeasurable.

If you are a techie but aren’t fluent in HTML, you’ll be happy to know that the best opportunities for entrepreneurs don’t all involve coding and programming; there is something for technophiles of all interests and aptitudes. It’s really all about leveraging technology to connect what you do best to the audience that needs it. Here are some of the best opportunities for success in the tech space.

Cybersecurity services provider

Nearly 80% of IT leaders running the technology services of businesses believe they are not sufficiently protected from cybersecurity threats. There is a great need for experts who have the specialized background and training to help defend organizations from the malware, phishing schemes, data breaches, WiFi hacking and email hijacking that threaten their business and their bottom line. So much so that the Bureau of Labor and Statistics has estimated 31% growth in this specialized service by 2029.

In addition to a college or an advanced degree in computer science or information technology, having credentials in the form of reputable certifications will help to position you as a true expert.

If you can use your technical prowess to support the technological needs of others from set-up to troubleshooting, you can build a thriving business out of it. The ability to protect and troubleshoot the devices people rely on is tremendously valuable in a world where connectivity is the key to productivity and efficiency. As a tech superhero, you will need to be competent and confident in the areas of backup recovery, cloud services, data management and security and tech training, to name a few.

Your expert, on-demand services can translate to substantial income , depending on your experience, client volume and pricing structure. For example, if you work for a company and charge a monthly retainer, you may be able to charge $100-$200 per user per month; for pay-as-you-go services, you may command $100-$200 per hour.

Domain name broker

Buying and selling web domain names can be a profitable venture for those with high-level negotiating skills and a great deal of resourcefulness and fortitude. Today, there are over 363.5 million registered domain names , the most popular still the “.com” extension, with new extensions introduced all the time. This means that those with a stake in acquiring domain names bearing those extensions will look to experts for help. The best brokers know what’s trending and valuable through deep keyword research, identify prospective domain owners, then broker deals with interested parties at a fair market price.

Brokers do the leg work and simplify the process for the parties involved and for their services earn either a flat rate, or in most cases a 10%-20% commission based on the selling price. Building a domain brokerage business takes time and can be a tedious process, but also has the potential to pay off in a big way — especially when you consider the $2 billion valuation of the annual domain resale market.

Tech supply dropshipper

Dropshipping is a great option for those who want to enter e-commerce without a large investment or overhead. The online tech retail category has broad appeal and offers something for everyone. In 2020, it represented $156 billion, or 22% of e-commerce sales . Tech lovers are always looking for ways to elevate their arsenal of gadgets or wardrobe of tech accessories. From cool game controller skins and button grips to earbud cases, bluetooth speakers to the latest phone cases, you can choose your niche and create a compelling, curated site that speaks to your target audience’s demands.

You will first need to identify suppliers who specialize in and have a good reputation fulfilling the types of items you plan to market. As a dropshipper, you are only as good as the quality and shipping standards of your suppliers, so do your research and partner wisely.

The ability to protect and troubleshoot the devices people rely on is tremendously valuable in a world where connectivity is the key to productivity and efficiency.

Web designer

The business of web design remains on the rise, with a growth of 8% projected through 2029, as nearly every company seeks to establish an online presence. The best web designers possess a great sense of visual aesthetic from typography to color theory as well as an understanding of user experience and the ability to build dynamic layouts composed of captivating imagery and engaging copy. Going out on your own as a web designer can afford you flexibility and versatility in client and project types.

This career field is great for the designer who is driven by the challenge of keeping their work new, fresh and exciting in multiple ways for multiple clients across digital platforms. Having expert capabilities in and access to the leading design software will help you execute your clients’ vision, as will strong communication skills, critical thinking and patience.

Certified electronics waste management and recycling consultant

E-waste, such as discarded computers, TVs, mobile phones, tablets, game consoles and other appliances and electronic devices, are toxic to landfills, and managing their disposal or recycling can be a good business opportunity for the environmentally-minded entrepreneur. It's staggering to think that in 2019, only 17% of the world’s 53.6 million tons of e-waste was recycled; however, many are finding ways to make a difference, so much so that the industry, valued at $41.97 billion in 2019, is expected to reach $102.62 billion by 2027 .

Entry into this thriving market requires special knowledge and training about how to extract and recycle precious metals and safely dispose of hazardous materials. A major key to success is approaching prospective customers with a compelling proposal designed to raise awareness of the positive impact your recycling services will have on the environment.

E-learning educator

From students who are home-schooled or in need of academic support to adults interested in learning a new skill or nurturing a hobby, e-learning is an exploding industry. In 2019, it was a $200 billion business; by 2024 it is expected to reach $375 billion . The COVID-19 pandemic has fueled the growth of this field, but new technologies are propelling it to new heights. As an educator-entrepreneur ready to enter the e-learning space, you can create your own curriculum and leverage the tools that man educational platforms offer. Some are synchronous and feature live learning, while others are asynchronous and offer pre-recorded, on-demand courses — which has the potential to create a long-term passive income.

In either case, experienced teachers can make the world their classroom by reaching those in search of academic remediation, enrichment or pursuing their passions. For those still developing their teaching or tutoring skills, a good first step may be working with students looking for help on established platforms like Tutor or Skillshare .

Social media consultant

With nearly 300 million users in the U.S. alone, social media has become one of the most essential business marketing tools to engage with new and prospective customers. Yet many companies lack the social media skills or resources to effectively execute a social campaign.

Marketing professionals with a great eye for attention-grabbing imagery, a knack for app-aided graphic design , and clever short-form copy skills that encourage engagement can be a compelling proposition for businesses seeking a strong social media presence. Create spec accounts that showcase your aptitude and talents, and share some compelling facts and stats that speak to the power of the top-performing platforms .

SEO consultant

There is tremendous value in professionals who know how to leverage the power of content, keywords, backlinks and meta descriptions to help businesses increase their online traffic and conversions. For those with expertise in search engine optimization (SEO), having the ability to unlock what many companies consider the key to digital success can be the makings of a thriving SEO consulting business. While a specialized degree is not a requirement, you will need a background in marketing and information technology or communications. You’ll also need to establish a track record of optimizing websites for high rankings on popular search engines and possess the ability to create clear strategies that meet your clients’ objectives.

It could also help to pursue a certificate in SEO from a reputable and recognized program, such as Google Analytics Academy , Moz or HubSpot . The average annual salary for an SEO specialist is $69,491; however, the potential is far greater as you scale up your business with multiple clients and additional SEO staff to serve them.

3D printing service provider

3D, or additive, printing produces a physical item through a thermoplastic printing process and a computer to read the product’s digital design.

It’s the stuff that engineers’ and designers’ dreams are made of, and the field has big possibilities for those with the drive to build a business around it. The range of products a 3D print production can create is as vast as your imagination. Among the most requested 3D items are eyeglass frames, jewelry, toys and vases. Prototyping for businesses also represents a sizable share of the 3D printing market, which is expected to reach $62.79 billion by 2028 .

The on-demand business model that a 3D printing company enjoys is efficient: you can use less material, produce less waste and because the plastic products may weigh less than their heavily manufactured counterparts, they may also cost less to ship. A business like this may also require less overhead, other than some space in your home, a computer with CAD software, and a 3D printer and filament. If you don’t want to invest in a printer, which costs $5,000-$6,000 on average, you can upload your designs to platforms such as Shapeways , sell them on your own site, and then have Shapeways produce the item for a percentage of the sale price.

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Best Technology Business Ideas & Examples in 2023

Technology is a driving force in the modern world, and it is a sector that is constantly evolving and adapting to new innovations and market demands. If you have a passion for technology and a desire to help businesses and individuals stay at the forefront of progress, starting a technology business could be the perfect opportunity for you. In this article, we will showcase some of the best technology business ideas and examples for 2023, to help inspire and guide you on your entrepreneurial journey. From small startups to large, full-service technology firms, the possibilities are endless. Whether you specialize in software development, hardware design, or any other tech-related field, there is a place for you in the world of technology.

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List of Unique Technology Business Ideas:

Tech support.

Ever dreamt of transforming your tech-savvy skills into a profitable venture? Let's dive into the exciting journey of starting your own tech support business, where every problem solved is not just a victory for your client, but also a step closer to your entrepreneurial success story.

search engine

Ever dreamt of owning a lucrative business that's always in high demand? Let's embark on an exciting journey as we unravel the secrets of starting a profitable search engine business, a venture that could potentially transform your life!

phone repair

Ever dropped your phone and picked it up to a shattered screen, then wished you had the skills to fix it yourself? Well, buckle up because we're about to take you on a journey on how to turn that wish into a profitable phone repair business, all from scratch!

Are you ready to dive into the world of digital romance and make a fortune from it? Buckle up, because we're about to guide you on a thrilling journey to creating your own profitable dating app business that will not only ignite love sparks but also fill your pockets!

Ever dreamed of owning a buzzing hub where tech meets coffee? Let's dive into the exciting journey of starting your own profitable cyber cafe business, turning your passion for technology and socializing into a thriving enterprise.

Ever dreamt of turning your computer wizardry into a money-making machine? Dive in as we unravel the secrets of starting a profitable computer business, transforming your tech passion into a lucrative venture.

community website

Ever dreamt of turning your passion for community and connection into a profitable venture? Buckle up, because we're about to embark on an exciting journey of creating a thriving community website business that not only fuels your passion but also fills your pockets!

computer repair

Ever thought of turning your tech-savvy skills into a money-making machine? Dive into this guide to discover the secrets to launching a profitable computer repair business that's not just a job, but a thrilling, rewarding adventure.

cell phone repair

Ready to break free from the 9-5 grind and start something of your own? Dive into this guide and discover how you can turn a knack for fixing smartphones into a profitable cell phone repair business that keeps your pockets full and your spirit high.

3d printing

Imagine your creative ideas coming to life with the buzz of a machine, and even better, making a profit from it! Welcome to the exciting, innovative world of 3D printing where your creativity could be the key to your very own profitable business.

Ever dreamt of running your own profitable online business from the comfort of your home? Dive into this guide and discover how starting a webcam business could be your ticket to financial freedom and entrepreneurial success!

software development

Ever dreamt of turning your passion for coding into a profitable business? Well, buckle up as we guide you through the exhilarating journey of starting your own successful software development business, transforming your code-cracking hobby into a money-making reality.

Ever dreamt of turning your passion for multimedia into a money-making venture? Strap in, as we're about to embark on a thrilling journey, transforming your dreams into a profitable reality by starting your very own multimedia business!

data center

Ever dreamt of owning a business that's not just profitable, but also at the forefront of today's digital revolution? Welcome aboard, as we guide you through the thrilling journey of starting your very own data center business, a venture that's as lucrative as it is exciting in our increasingly data-driven world.

cloud service

Ever dreamt of owning a sky-high profitable business that's not just about selling products but also about solving problems? Welcome aboard, as we unravel the secret recipe to starting your own profitable cloud service business, turning your entrepreneurial dreams into a reality.

What are the best tech business ideas to start?

There are many different tech business ideas that you could start, depending on your interests, skills, and resources. Some ideas for tech businesses could include:

• Mobile app development: You could start a business that designs and develops mobile apps for customers.
• Software development: You could start a business that creates custom software solutions for clients.
• IT consulting: You could start a business that provides IT consulting services to help clients improve their technology systems and processes.
• Web design and development: You could start a business that designs and builds websites for clients.
• Online education platform: You could start a business that provides online courses or tutorials on a particular topic.
• Social media marketing: You could start a business that helps clients build and maintain their presence on social media platforms.
• E-commerce: You could start a business that sells products online through a website or marketplaces such as Amazon or Etsy.

These are just a few examples, and there are many other tech business ideas as well. The key is to find a tech business idea that aligns with your passions and skills, and that meets the needs of your target market.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

Small Business Trends

20 tech business ideas.

If you’re looking for a great business, the tech business ideas are worth exploring. From cloud technology to 3D printing, there are numerous opportunities for tech entrepreneurs to build a successful business. Read on for some of the best tech startup ideas for entrepreneurs.

What is a Tech Business?

A tech business, at its core, is a company focused on leveraging technological advancements to cater to consumer needs or solve specific problems.

This expansive definition encompasses a wide range of offerings. Some entrepreneurs in the tech domain, especially those with a digital inclination, provide online services, which may include cloud computing, digital marketing, or e-commerce platforms.

Conversely, those with a hands-on approach might be inclined to establish businesses centered on the repair, maintenance, or direct sale of hardware, such as laptops, smartphones, or smart home devices.

The Tech Industry in 2023

In past year the tech industry witnessed exponential growth and adaptation across numerous sectors.

Individuals and businesses alike now deeply embed technology into their daily routines, from the reliance on search engines for instant information to the use of social media platforms for communication and brand building.

This rapid technological evolution saw the introduction of a plethora of devices, gadgets, and solutions almost every day. A notable trend in technology has been tools and platforms that support remote work and digital collaboration, as the world adjusts to new ways of working.

Yet, 2023 may face more consistency , where tech businesses could focus more on refining existing technologies rather than constantly churning out the new.

Read more:   10 Ways to Integrate Big Data, AI, and Other Top Tech Trends into Your Business

Best Tech Business Ideas

Tech startups provide plenty of opportunities for entrepreneurs to start a profitable business. But first, you need to find the right niche. If you’re looking for tech businesses that suit your skills, consider the following options.

1. Web Design Business

Pretty much every business needs a website. As a web design business, you design the pages and set up everything your clients need to get started.

2. Social Media Consulting Business

A social media consulting business would work with businesses to develop an online marketing strategy. Provide expertise so your clients can handle the day-to-day management.

3. Computer Training Business

A computer training business provides guidance to those who want to learn how to use their devices. You may focus your efforts on specific types of businesses or offer individual guidance to users.

4. Tech Video Channel

Video content is becoming increasingly popular. And you can monetize your video content streaming service or online podcasting platform with ads or subscription fees.

5. Online Marketing

There are tons of online platforms that businesses can use for marketing. Help them manage all these options by offering comprehensive services or specializing in just one or two platforms.

6. Online Education Platform

If you have knowledge in a specific area, share your expertise in your own digital educational materials, or start your own platform where other teachers can also share their expertise online.

7. Online Video Platform

An online video platform is a site that hosts videos on a particular subject or allows users to upload their own content. For example, you may post videos about gaming or DIY tutorials.

8. Data Entry Business

A data entry business can serve a variety of clients that want to save time on repetitive tasks like filling out forms or spreadsheets. You just need some time and basic software knowledge to get started.

Read more: Small Business Ideas for Beginners

9. Software Development Service

If you’re skilled with software development, you can create new programs for clients. You may offer software for sale or create internal solutions for enterprise users.

10. Tech Repair Services

For those that want to work with actual hardware, offer repair services for smartphones, computers, or other tech in your local area.

11. Mobile Shopping Platform

If you have some mobile development skills, create your own mobile store or shopping solutions to connect sellers with buyers.

12. Computer Setup Service

Lots of consumers don’t want to set up their own computers once they’ve bought a new device. A computer setup service installs the hardware and gets essential programs up and running, so users can simply start using their new device right away.

13. Mobile Device Management

Mobile device management involves connecting or controlling mobile connections for various devices used within an organization. For example, you may provide IT support for enterprise clients to keep employee smartphones secure.

14. Website Owners

Instead of building websites for other clients, create your own. Then earn income through sponsored content, ads, affiliate links, or subscription fees.

15. Web Design Company Resource Shop

You could also offer DIY templates or design elements that website owners can use on their own. Simply offer these digital products online, so they can download the resources they want for a fee.

16. Robotics Company

A robotics company offers automation equipment that manufacturers and other businesses can use to improve operations. You need specialized knowledge and access to high-tech hardware to produce these items.

17. Music Streaming Service

A music streaming service provides access to various songs for a monthly fee. You may start your own that serves a niche market, like classical songs or royalty-free music.

18. Mobile App Developers

These professionals develop mobile apps for clients. You could also create your own apps and sell them in mobile app stores or offer in-app purchases.

19. Freelance Software Developer

A freelance software developer produces software for clients. So you wouldn’t sell the programs yourself. But you would get paid by various clients to complete the work.

20. Social Media Marketer

Unlike a social media consulting business, a social media marketer actively posts and manages accounts for clients. You may also monitor mentions and respond to customer inquiries online.

21. Tech Gadget Rentals

Most consumers don’t own specialized gadgets like video projectors or 3D printing devices. But they may want to rent these items periodically. Invest in the equipment and offer them to local consumers for a daily or weekly fee.

22. Online Dating Site

If you have some website building or mobile app skills, create a dating service that connects local singles. There are plenty of niches still open in this market.

23. SEO Services

An SEO service makes websites more visible to search engines. Create content, add keywords, and improve the back end to increase traffic for clients.

24. Niche Social Media Platform

There’s always room for more social media channels, especially those that serve a specific niche. For example, create a platform just for moms or students at a local university.

25. Sharing Economy Platform

The sharing economy is impacting everything from vehicle rentals to grocery shopping. Come up with a way you could facilitate connections between service providers and consumers. Then create a site or app to bridge that gap.

26. Tech Business Consultant

If you have experience with multiple tech startups, offer consulting services to other small businesses. You can help them come up with a business idea and provide business advice delivered straight to each client.

Tech Startup Ideas: an Overview

Navigating the tech business landscape can be overwhelming. This table provides a quick snapshot of the feasibility, required investment, and potential profitability of various tech startup ideas. Use it as a guide to pinpoint opportunities that best match your expertise and resources.

What Is The Most Profitable Tech Business Idea?

It’s challenging to pinpoint one universally profitable tech business due to the vast diversity in the industry. However, based on market analysis, initial capital requirements, and potential return on investment, online businesses emerge as a favorable avenue.

For instance, web design, especially tailored for mobile optimization and user experience, can be highly lucrative.

This is due to the increasing number of companies and individuals looking for a digital presence, leading to an ever-growing demand for sophisticated and responsive websites.

What Is The Best Business Idea in Technology?

The ever-evolving tech landscape offers a myriad of opportunities for innovative entrepreneurs. However, to decide the best startup idea, it is vital for individuals to consider market demands, their core competencies, and the longevity of the technology in question.

Currently, mobile app development, especially for health, finance, and e-commerce, is seeing a surge in demand.

Similarly, artificial intelligence (AI) solutions, ranging from chatbots for customer service to AI-driven analytics for businesses, are gaining traction.

Moreover, automation, be it in manufacturing processes or in everyday gadgets, remains a promising and lucrative sector for tech-based ventures.

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TECH BUSINESS IDEAS

A passion for technology can open up a whole world of opportunities for aspiring entrepreneurs. That said, passion alone isn't enough -- it's also essential for tech-savvy entrepreneurs to stay on top of current technology and be adept at adjusting to the ever-changing tech landscape.

Best Tech Business Ideas

In this guide, we've put together a list of trending tech business ideas and evaluated each one based on startup costs, required skill level, and earning potential to help you find the perfect tech business idea for you.

1. 3D PRINTING DESIGN BUSINESS

Tech-savvy entrepreneurs with a flair for art and design may find that starting a 3D printing design business is a great option for them. With a varied client base and a sizeable growth potential, starting a 3D printing design business could be a great investment.

Business owners in this field will need to be skilled in 3D design and the accompanying computer software. In addition, if your business model includes printing the objects yourself, you’ll need to know how to use, maintain, and troubleshoot your 3D printer. Startup costs for this business are low, less than $10,000, and earning potential averages around $53,000, though it largely depends on how you set up your business and who your target market is.

Learn how to start a 3D printing business .

2. APP DEVELOPMENT COMPANY

If you have an interest in and a knack for programming and development, you may consider starting an app development company. To be successful in this line of work, you need a combination of development, problem-solving, and time management skills. This field is growing, and successful business owners will find that they have the potential to scale their business to any size they desire.

Startup costs for this line of work can be minimal (less than $10,000), and you can add more computers and a physical location as your business grows. App developers tend to make 6-figure incomes, but that will depend on your programming, development, and business management skills.

Learn how to start an app development company .

3. BITCOIN MINING BUSINESS

A bitcoin mining business may be a good venture for a wide variety of technical and non-technical entrepreneurs who don’t mind a degree of risk and have the capital to invest in the necessary equipment and software. There is potential for success for business owners who want a small side-job or for those who want to build a bitcoin mining empire.

Startup costs can be extremely low, depending on your preferred method of mining, and the earning potential is high. If you mine bitcoin via the cloud, you can purchase a plan for around $200, however, you can spend up to $12,000 for an ASIC setup. Keep in mind that since this industry is still highly volatile and unregulated, profits are not guaranteed, and you will need to accept a degree of risk with this business venture.

Learn how to start a bitcoin mining business .

4. CONTENDER ESPORTS FRANCHISE

Tech-savvy entrepreneurs who have an affinity for gaming may find that starting a Contender eSports franchise is a great opportunity. Although this is a niche market, there is room for considerable growth, and this business idea appears to be sustainable in the long run.

Contender eSports franchise owners need to have an understanding of gaming and some general business and marketing knowledge. Startup costs are high, as you will need to pay for the franchise fee ($150,000-$237,000) and have a certain amount of liquid assets ($50,000) and net worth ($300,000). Although Contender eSports doesn’t publish profit estimates, entrepreneurs can speak with them directly about estimated profits, which are dependent on location and marketing.

Learn how to start a contender eSports franchise .

5. CRYPTOCURRENCY BUSINESS

Starting a cryptocurrency business may be perfect for tech-savvy entrepreneurs who enjoy cutting-edge technology and are comfortable with a high level of risk. Many cryptocurrencies currently exist, and there are new ones created every year. If you have programming knowledge and an understanding of blockchain technology, then you may be able to start a successful cryptocurrency business.

At this point, there is good growth potential in this industry. Cryptocurrency businesses usually require low startup costs (under $10,000), since you’ll mainly be investing your time. In addition, these businesses have a very high potential for earnings.

Learn how to start a cryptocurrency business .

6. DATA ENTRY BUSINESS

Data entry businesses are well-suited for entrepreneurs with solid managerial and business skills. Business owners can choose to remain small and employ only one or two people, or they can work towards opening a data entry shop with numerous employees fulfilling client orders.

Depending on your business model, startup costs will vary, but, generally speaking, they are under $10,000 since the majority of this work can be done from home. Business owners and any employees will need basic typing, scanning, and spreadsheet skills, and owners should have good sales, managerial, and business skills. Profit margins can be high (over 20%), but earning potential will also be based on how quickly (and accurately) you and your employees can complete jobs.

Learn how to start a data entry business .

Find a Web Domain For Your Tech Business

Securing a web domain and creating a quality website is important for the overall success of a tech business. You can search for an available domain below:

Find a Domain Now

Powered by godaddy.com, 7. domain registration business.

If you enjoy the administrative side of tech businesses, then a domain registration business may be perfect for you. With more and more businesses (and entrepreneurs) developing websites, this service will remain in demand for quite some time.

Entrepreneurs will need some basic tech skills, administrative skills, and the ability to read and follow domain registration regulations. Startup and maintenance costs are minimal (under $5k). It is difficult to pinpoint your earning potential since it will largely depend on how you structure your company and on your marketing success.

Learn how to start a domain registration business .

8. CLOUD CONSULTING BUSINESS

Tech-savvy entrepreneurs who have an affinity for cloud-based solutions may be a good fit to start a cloud consulting business. Business owners need to fully understand how different cloud platforms operate, the security risks associated with the platforms, and the ability to convey that information to their clients. This business can be kept small, but it also has the potential to grow into a large firm.

Consultants need to have a decent background in IT and have deep knowledge of at least one of the cloud providers. Startup costs are typically under $5,000, and you can make around $70,000 per year on average.

Learn how to start a cloud consulting business .

9. GAME TRUCK BUSINESS

Game truck businesses are ideal for tech-savvy gamers who also have good business sense and enjoy working with young people. Growth is usually slow, but there is the potential to expand by adding additional trucks.

Game truck business owners must obtain multiple gaming systems, and they need to be knowledgeable about each system and the games offered. Startup costs are high ($50,000 to $75,000 for the game theater plus the equipment to haul it), but so is the earning potential. If you don’t have a truck loan payment, and average about 40 parties per month, your annual profit could be over $100k.

Learn how to start a game truck business .

10. GRAPHIC DESIGN BUSINESS

Entrepreneurs who have an artistic mind, a strong eye for design, and basic knowledge of marketing would be well-suited to start a graphic design business. Successful business owners typically have a degree or work experience in graphic design and can effectively realize the vision of their clients. Your growth potential will depend on your business’ goals and talent.

Graphic design business startup costs are low (around $2,000), especially if you opt to start your business at home. Although you need to possess a high level of skill, you have the potential to make a solid profit (a 15%-50% margin).

Learn how to start a graphic design business .

Ready to form your LLC? Check out the  Top LLC Formation Services And, use our free tools to help start your business: Use our  Business Name Generator  for help brainstorming your new venture’s name Learn  how to form an LLC , one of the  best business structures  for tech businesses Use our free  business plan generator  to start planning your business today Get your unique logo with our free  Logo Maker  and start branding your business After finding your perfect idea learn how to  start a business

11. HOME AUTOMATION BUSINESS

Home automation businesses are well-suited for tech-savvy people who have an interest in smart-technology and enjoy working with homeowners. This is a growing field, as many homeowners are showing an increased interest in incorporating smart-technology into their HVAC systems.

Successful home automation business owners should be highly-skilled in engineering or programming, have at least a basic understanding of HVAC systems and home appliances, and possess good interpersonal skills. Startup costs are moderate (around $25,000), and this business can bring in around $150,000 in profits, annually.

Learn how to start a home automation business .

12. INTERNET SECURITY COMPANY

Entrepreneurs with a solid background in cybersecurity, systems administration, and multiple computer programming languages are well-positioned to start an internet security company. There should be high demand for this service for years to come, and there is a high potential for growth.

Internet security company owners must have top-notch skills in order to be successful in this growing industry. Startup costs are quite high (around $500,000), though large security firms can bring in over a million dollars in profits annually.

Learn how to start an internet security company .

13. LIVE STREAMING BUSINESS

Top-level gamers may want to consider starting a live streaming business, as this market is growing steadily. Streamers must be able to play video games very well and have the ability to captivate audiences with their commentary and a knack for social media.

Professional streamers can make sizeable profits. Startup costs are around $2,000 for live streaming businesses, and although it will take time to start reaping the benefits, six-figure incomes are possible.

Learn how to start a live streaming business .

Start A Tech Business In Your State

14. marketplace website business.

A wide variety of people may enjoy and be capable of starting a marketplace website business. Successful entrepreneurs don’t need to be highly tech-savvy, though they do need to be familiar with the products or services they plan to sell on their site. Depending on your business model and market saturation, there is good potential for your business to grow.

Startup costs for marketplace website businesses can vary greatly, but they are often in the $100,000 range. Earning potential will also depend on the business model and marketing efforts, but some of the largest marketplace sites bring in millions of dollars of monthly revenue.

Learn how to start a marketplace website business .

15. ROBOTICS COMPANY

Entrepreneurs with a strong background in electrical engineering, physics, or product development may be well-equipped to start a robotics company. Business owners have the potential to grow their business as large as they’d like, as consumer demand looks to remain strong for the foreseeable future.

Successful robotics companies are full of highly-educated, mechanically-savvy staff who have a passion for product development in the robotics sphere. Startup costs for a robotics company are very high, but there is virtually no limit to the amount of money you can make.

Learn how to start a robotics company .

16. SOFTWARE DEVELOPMENT BUSINESS

Entrepreneurs who have a knack for both the creative and the technical may be well-suited to open a software development business. There should be strong demand for this business for years to come, though technology is always changing and business owners must be able to adapt to the developing landscape.

Business owners should have both the ability to code in at least one programming language and solid business and management skills. Startup costs can be minimal (around $1,000), as this type of business can be started at home, and earning potential will depend on your business plan; though successful companies can make millions of dollars.

Learn how to start a software development business .

17. TECH SUPPORT BUSINESS

Much like software development businesses, tech support businesses require their owners to have extensive knowledge in their area of specialization. Successful business owners should enjoy troubleshooting hardware, software, and networking issues and be able to explain difficult content to non-technical customers. Depending on your business model and the quality of your support services, there is plenty of room to grow your business and earn substantial profits.

Startup costs for tech support businesses can be relatively low (under $30,000), especially if you initially start your business out of your home. Our research indicates that part-time software developers can bring in over $150,000 per year, minus any ongoing expenses.

Learn how to start a tech support business .

18. VIDEO GAME COMPANY

A visible fixture of the tech industry, a video game company is a great option for entreprenuers that want to bring fun interactive entertainment to their customers using high end technology. With digitial distribution platforms becoming more common, it has never been easier for video game companies to directly connect with customers.

Video game companies are ideal for business owners that are passionate about delivering a high quality player experience through the combination of art and technology. Video games also require skilled workers, with experience in computer programming, electrical engineering, design, and writing.

Learn how to start a video game company .

Learn more about starting a business by visting the  U.S. Small Business Administration .

19. WEB DESIGN BUSINESS

A web design business could be a great opportunity for an entrepreneur with strong technical and design skills. With the right business model, quality web design, and solid marketing efforts, a web design company has room to grow significantly.

Successful web design business owners should have some experience in the field, though a specialized degree or certification isn’t essential. They should also possess solid great communication skills and have a good mind for business and marketing. Startup costs can be kept to a minimum if you operate out of your home (less than $5,000), and web design company owners can bring in around $75k per year on average.

Learn how to start a web design business .

20. WEB DEVELOPMENT COMPANY

Web developers focus on the coding that brings websites to life, and entrepreneurs with a good understanding of coding and a knack for problem solving may be well-suited to start their own web development company. This field has great growth potential, and good web developers are in high demand.

Web development company owners need to be well-versed in both web design and web development. Startup costs can be kept to a minimum (less than $10,000), as these companies can be run from home. Much like other tech-based business ideas, there is almost unlimited earning potential.

Learn how to start a web development company .

21. PROTOTYPE DESIGN BUSINESS

Prototype design businesses are ideal for entrepreneurs who have a knack for design, the utmost attention to detail, and extensive manufacturing knowledge. Like many of the other tech business ideas in this list, there should be strong demand for prototype design businesses in the years to come, and they have high growth potential.

Business owners in this field typically have a background in manufacturing, product design, or engineering. Prototype design businesses have very high startup costs, but the earning potential is also high.

Learn how to start a prototype design business .

22. VIRTUAL TOUR BUSINESS

Tech-savvy entrepreneurs with excellent photography, multimedia, and video editing skills may want to consider opening a virtual tour business. Your primary clients will be those in the hospitality and real estate industries, and growth potential is quite high.

Virtual tour business owners need strong technical and design skills, the ability to market their services, and a solid sense for the industries they serve. Initial startup costs can be around $4,000 if you don’t already possess the necessary equipment and software. Depending on the quality of your work and the effectiveness of your marketing plan, you can make a six-figure income.

Learn how to start a virtual tour business .

23. CNC MACHINING BUSINESS

Starting a CNC machining business could be an option for people who love working with their hands and enjoy the manufacturing industry. As this is a highly specialized field, savvy business owners will have no problems finding work and growing their business if they desire.

Startup costs for CNC machining businesses can be high, and many owners choose to save money by first starting their business out of their home garage or workshop. Business owners must also be highly skilled at using CNC machines. With a steady stream of work, owners can turn a profit of $50,000 to $75,000 on top of the owner’s annual salary.

Learn how to start a CNC machining business .

24. BLOCKCHAIN SERVICE BUSINESS

Entrepreneurs who have a deep understanding and appreciation for blockchain technology may be well-suited to start their own blockchain service business. This field requires a high-level of programming or business knowledge, and there is almost unlimited growth potential.

Successful business owners typically have a background in programming, business, project management, or even sales. Startup costs are typically low, and the earning potential can be quite high.

Learn how to start a blockchain service business .

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35 Best Profitable Tech Startup Ideas for Beginners [With Examples]

35+ actionable & promising startup ideas that you can try out right now at an affordable cost.

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 Manage Your Tech Startup as a Non-tech Person

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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20 Profitable Tech Business Ideas

Back to Business Ideas Categories

Written by: Esther Strauss

Esther is a business strategist with over 20 years of experience as an entrepreneur, executive, educator, and management advisor.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Updated on May 29, 2023

• Cell Phone Repair
• Crypto Mining
• App Development
• Ecommerce Business
• Digital Marketing Agency
• Social Media Management
• IT Consulting
• Internet Service Provider
• Web Hosting Service
• 3D Printing
• Computer Repair
• YouTube Channel
• SEO Consulting
• Cyber Security Company
• Drone Business
• Live Scan Fingerprinting
• Money Transfer Business
• EV Charging Stations

Can you tell the difference between Windows and Ubuntu? If you’re a self-professed technology geek with a business acumen, starting a tech business would be right up your alley. 

You can open a cell phone repair shop, develop an app and post it on the play or app store, or start a YouTube channel that you can monetize. You can also try retailing and selling webcams and other technology products. We’ve come up with a list of tech business ideas that you can explore. See if something appeals to you.

1. Cell Phone Repair

At least one smartphone screen breaks every second in the US, a cell phone repair company says. Not all Americans, however, can afford to toss their damaged smartphones, and buy a new one or upgrade. That’s why the cell phone repair industry has continued to thrive, earning around $4 billion a year. If you are skilled at fixing cell phones, this may be your chance to set up your own business.

Before you promote your services, it’s important that you decide what you’re going to offer. Will you be doing screen repair and replacement, battery replacement, or software-related repairs? Do you plan to set up a shop, or just work from home and promote your business online? You will find the answers to your questions as you research and assess the market. What’s important is that you are able to offer reliable and value-added services so you can quickly build up a loyal customer base.

2. Crypto Mining

Are you looking to start your own cryptocurrency mining business? You’re not alone. The number of cryptominers is increasing rapidly due to the massive demand for bitcoin and other digital currencies. Across the globe, the crypto mining market is predicted to surpass $5 billion by 2028. Crypto mining refers to the verification and currency creation process. It is legal in the US, but you may still need to look at local regulations. 

Starting a crypto mining business is challenging, but not impossible. You will need high-powered computers, mining software, and an eWallet or an encrypted online bank account. Take note that only verified cryptominers can mine. To become one, you have to join a mining pool online and learn the extremely complex process of crypto mining. Aside from the mining software, which you can download, make sure you also have the right software to protect yourself from illegal attacks. It takes money and time to build a crypto mining business, but once you’re up and running, you’ll be making money real fast.

3. App Development

Did you ever think about how often you use mobile apps? Probably many times a day, which is why apps are among the world’s fastest growing industries. The global app market is worth more than $465 billion and expected to expand nearly 40% by 2026. If you have some tech skills, you could start your own app business and ride that growth to great success. 

Getting there, however, will not be as easy as unlocking your phone. First, you’ll need a great idea for your first app. If you’ve already got that, you’ll need to do the build out and coding, then have the app vetted and approved by major app outlets, like Apple and Google. And that’s when the real work begins — convincing smartphone owners that your app is more appealing and valuable than the millions of other apps competing for their attention. 

You might think that’s the easy part, but many entrepreneurs make that same mistake. Even the most brilliant apps need a well-executed marketing strategy to take off. Any fool can make an app. The hard part is getting people to use it.

4. Ecommerce Business

Do you have a great business idea, but don’t know where to start? These days, the best way to get started is often by turning to the internet, where a wide variety of ecommerce businesses have found great success in recent years. Of course you know about Amazon, but there are also millions of smaller businesses that make up what is now a $4 trillion global industry. 

With countless people stuck at home, ecommerce revenues increased by more than a quarter in 2020, and they’s still growing, so opportunity in this market remains strong. You will need an appealing, in-demand product, a simple, easy-to-use website, and a sharp marketing plan, but if you’re willing to invest a good chunk of your time and money your new ecommerce business will have a great shot at success. Somebody’s got to be the next Jeff Bezos, right?

5. Digital Marketing Agency

With many people staying at home and working remotely because of the pandemic, companies have also gone online and undertaken digital marketing initiatives to keep their target markets engaged. Global digital marketing is booming right now, and expected to more than double to $786 billion by 2026.

If you’re looking to start your own digital marketing business, you’re in luck. There has never been a better time to do it. Just catch up on the latest industry trends and know the steps in setting up a business. Keep in mind that since this is a relatively new industry, there are no concrete guidelines for success, but some insights into how other companies grew their own businesses can be helpful. Read and learn everything you can about the business before uploading your first social media post or your first digital ad. Once you’ve done that, you should be able to get the hang of digital marketing!

6. Social Media Management

Social media is among the world’s fastest-growing industries, with its 20% annual expansion in the last five years expected to increase to stunning 25% annual growth through 2026. By then it will be nearly a trillion dollar industry, which means that now is a great time to get in on the action and ride this wave.

Starting a social media business can be as simple as starting a blog about the media industry on LinkedIn or as complex as creating a fully-fledged Instagram business with lots of people using your content and products. With any social media business, the marketing will be absolutely crucial. The primary goal will be to connect with your target audience on the relevant platform. This means that before you even get started, you should do some research and experimentation to decide which platform and its user profile best fits you and your interests. From there, you’ll just need to find your niche to start building a respected brand.

7. IT Consulting

As our world becomes increasingly digital, it’s no surprise that more and more businesses need guidance and insight on how to adapt and take advantage of this new technological landscape. This helps explain why IT consulting in the United States has been growing fast and is already worth more than half a trillion dollars. The industry is expected to expand further in the years ahead, which means now is a fantastic time to start your own IT consulting firm and get in on the action. 

The crucial element is expertise. If you have a computer science, IT or engineering degree and have spent a few years doing related work at a respectable consulting or tech firm, you have the resume needed to become an IT consultant. You’ll need to build a strong website and register your business, but you could soon be offering your tech insights to top businesses. Provide quality consulting for the first few clients, and you’ll be well on your way to building a reputation, getting some referrals and being a successful entrepreneur.

8. Internet Service Provider

With the world’s digital transformation, the internet has become an essential service. Globally, internet service providers earned about $450 billion in 2020. The market is still growing and there are plenty of opportunities even for new players like you, so you might want to start setting up an internet service provider business now. 

Whether you are looking to start small or compete with the giants, you will need to install servers, cable lines and other equipment. It’s a good idea to do research and find answers to frequently asked questions like, how much investment do you need, how will you raise funds, what are the legal and technical issues, and how to find customers. 

Some people do not think that the internet is something they can make money from because it is too easy for people to switch between networks. But if you know how to position your products and services correctly, then it will be much easier for people to stick with you.

9. Web Hosting Service

Are you looking to start your own web hosting business? If so, you’re in luck! 

Nearly every business in the world needs its own website these days, which is driving sharply increased demand. In fact, the global web hosting industry is expected to triple by 2028, reaching $267 billion in revenue. This is one of the world’s fastest-growing markets, and you could get it now and ride this growth wave to serious success. 

First you’ll probably want to brush up on your know-how, and there are lots of free and affordable online courses out there to give you a good grasp. Next you’ll likely want to hire a technician or two to do the heavy lifting of web hosting and website services. Finally, before you start marketing your services, you’ll want to make sure you’ve got all the required licenses and certifications. 

Now you’re ready to start hosting websites and providing a crucial service to countless businesses.

10. 3D Printing

So you’ve decided to start a 3D printing business. That’s great! A strong demand for three-dimensional customized products is driving the rapid growth of the global 3D printing market, which was estimated at $16 billion in 2021. The market is expected to grow 24% per year through 2028 due to increased demand for prototypes, models and artistic designs in various industries like aerospace, automotive, health care and more. 

You will need to understand first the regulations and legal issues affecting the industry. For example, the use of 3D printers is not regulated but the medical products that are produced through 3D printing are regulated by the FDA. A license is also needed for 3D printers that are used to make weapons. If a design used to create a 3D model is covered by intellectual property rights, printing the model would infringe those rights. You’ll also need to make a hefty investment upfront to get your business up and running, but the benefits could be immense. 

11. Computer Repair

Businesses stand to lose customers and important data whenever their computer systems are down. Properly maintaining computers through regular cleaning, hard drive updates, and virus prevention can prevent breakdowns and extend a computer’s shelf life to up to eight years, computer security firm Norton says. 

That’s why demand is high for computer maintenance and repair services. The US computer and electronics repair industry is valued at $19 billion. If you’re knowledgeable about computers and have troubleshooting skills, consider starting a computer repair business. 

This type of business can be run from home, with minimal startup and overhead costs. But you’ll still need to register your business and comply with applicable regulations. Obtaining certifications on top of a bachelor or associate degree will increase your value and attract more clients so it’s wise to apply for these. Computer repair technicians mostly study computer science, IT, or computer information systems. It’s also important to be abreast of the latest trends. With your impressive skills, you’ll be making big profits in no time.

12. YouTube Channel

So you want to start a YouTube business? Great idea! The opportunities for online businesses are endless these days, and video platforms like YouTube are one of the best places to start. YouTube’s ad revenue increased a stunning 25 percent in 2021, which means now is a great time to get in on the action. 

There’s no doubt that YouTube is a powerful business tool. But it can be a little tricky to know the best way to start a YouTube business. If you have some expertise or skill that is in great demand, you’ll want to create a series of videos and start your own YouTube channel. From there, you’ll need to generate visitors, and a great way to do that is to post about your videos and expertise across all social media, and tell your family and friends. 

As you keep delivering quality content, you should be able to start generate subscriptions, and that’s when the ad dollars start rolling in.

13. Web Design

Do you know of any legit business that doesn’t have a website? That’s right — in today’s digital world, businesses need to have a decent website if they expect to be taken seriously. That’s why web design is a $40 billion industry that’s seeing steady growth as the number of new US businesses hits record highs. All those new companies will need websites, which means right now is a great time to start your own web design business and design a bright future. 

First, if you’re not already an established graphic designer, you will need a bit of training. But there are many helpful options out there, including online educational platforms that offer subscriptions that allow you to take as many classes as you want. Alternatively, many universities offer affordable website design certification courses. Once that’s sorted, the next crucial step will be building your own website, which has to be fantastic or nobody will trust your skills. 

With some quality social media marketing, you should be able to rope in a client or two. Impress them and you’ll be on the road to design success.

14. SEO Consulting

If you know what needs to be done for a website to gain more traffic, it’s time for you to start your own SEO consulting business. SEO, or search engine optimization, is a booming field and more people are getting into it. There’s still a huge need for professionals with the right skills and knowledge. SEO and internet marketing consultants in the US earned around $55 billion in 2022. As more businesses seek assistance in establishing or expanding their online presence, the SEO consulting market is expected to grow at least 5% per year through 2027. 

Before you jump into it, though, you need to be aware of what the market looks like and what other SEO professionals are doing. Among the services that an SEO consultant normally does is web marketing, keyword strategy, web analytics, content strategy planning, and link building. You can start showing prospective clients what you can do by promoting your own website. With a creative digital marketing strategy, you should be able to get your business up and running.

15. Cyber Security Company

Ensuring cyber security is one of the biggest challenges to digital transformation. That’s demand for cyber security skills has been on the rise. The US cyber security market is predicted to earn close to $60 billion in 2022. Globally, the market is worth more than $150 billion and projected to grow a whopping 125% by 2026. 

If you have white hat hacking skills, then starting a cyber security company might be the perfect career path for you. White hats, or ethical hackers, thwart cyber attacks in real time. Besides ethical hacking, it’s to your advantage to learn computer forensics skills and understand cloud security, blockchain security, internet of things security, and artificial intelligence. Having effective communication skills will also give you an edge. 

Before you can launch your company, you’ll need to obtain the relevant certifications. You also need to make sure your business is legally compliant. With proper training and the latest tools to protect data and computer systems, you can easily become successful in this field.

16. Drone Business

Drones are one of the world’s fastest-growing industries, so if you’re thinking of starting a drone business, you’ve chosen a great time. The market is expected to more than double to $40 billion by 2026, as drones come into wide use for recreation, deliveries, surveillance, agriculture and more. You could start your own business, work from home and make a good living while helping people enjoy their lives more and grow their own businesses through the use of this advanced technology. 

The crucial first step will be researching your local and state laws and finding out exactly which types of drones can be used for which purposes. Next, you should decide on which segment of the market you’d like to focus, whether it’s for recreation, surveillance, or shooting videos. From there you should probably get a bit of training so you’re able to showcase the drones to potential customers. At this point, all you need to do is build a website and start marketing and, considering how fast the market is growing, you could soon have buyers busting down your door.

17. Podcast

The number of Americans who listen to podcasts is seen to increase by around 5 million each year through 2024. Most of the podcast listeners are millennials and their most preferred podcast providers are Apple iTunes and Spotify. Podcasts are digital audio files that are used mostly for entertainment. These can also be used for educational purposes as well as for branding and raising awareness of major issues. 

Starting your own podcast can be daunting, but if you can get your podcast on iTunes or Spotify, you can immediately engage millions of people not only in the US but also worldwide. Podcasts on iTunes may be streamed or downloaded on Apple devices while those on Spotify are available on both Android and iOS, desktops, smartphones, smart TVs and even gaming consoles. 

Submitting your podcasts for upload on iTunes or Spotify is easy, but the challenge is getting an audience to listen to you since you’ll be competing against popular podcasters with tens of thousands of loyal listeners.

18. Live Scan Fingerprinting

On TV police dramas, crooks still get fingerprinted in black ink. But in real life, the vast majority of fingerprinting done today is via digital scanning. As technology advances and security concerns increase, demand has grown sharply for more advanced identification techniques, which is why the live scan fingerprinting market is expecting to see explosive growth in the years ahead.

Now could be a great time to start your own scanning business, get in early and ride the wave to serious success. But there are a few hurdles to jump through. The first step to get certified in fingerprint rolling, which means you’ll have to study your state’s handbook, get yourself fingerprinted, and submit your application to the Department of Justice. Once that’s done, just register with your local police departments and you’ll be ready to start providing mobile fingerprint scanning services all over town.

19. Money Transfer Business

With increasing globalization, the remittance market has equally expanded, creating more opportunities for money transfer operators. If you’re looking to start a money transfer business, now is a good time to do so. The global remittance market bounced back and moved nearly $600 billion in 2021. The amount of cross-border transactions, including digital remittances, is expected to grow further as more economies come out of a pandemic-induced recession.

Before you start a money transfer business, you need to obtain the necessary licenses and permits, and study the market. Take note that digital or online remittances are fast replacing traditional transfers, which require both senders and recipients to visit a bank or money transfer agent. Digital remittances are done through websites or apps. These are faster and more convenient. If you’re thinking about going digital, it’s important to create a website or an app first. Most importantly, you will have to secure your system and assure customers of safe fund transfers. There will be many challenges, but there are still opportunities for you to make your mark in this industry.

20. EV Charging Stations

If you’re an entrepreneur with an eye on the future , you’re probably thinking about starting an electric vehicle (EV) charging station business. It’s a wise investment; the market for EV charging stations is expected to grow significantly in the next few years as more car manufacturers introduce their own electric vehicle models. California, where most of the over 110,000 charging stations are currently located, is projected to grow its EV fleet size to 4 million by 2030. There’s a market for EVs in other states as well. 

Not sure where to start? You can start small by installing one or two charging outlets. You can gradually grow your business by increasing the number of outlets and stations. Having a network of charging stations across the US will make EVs practical. Before you open your charging station, make sure to comply with your state’s laws and regulations. You also need to study the market and see what other charging stations are offering. You can easily attract customers if you can offer faster charging times and more efficient batteries.

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These are the 10 top tech trends attracting the attention and funds of investors and technologists. Image:  Unsplash/ThisisEngineering RAEng

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4 innovative business opportunities in education technology.

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In this article we delve into four niches that are reshaping education and consider how new startup ... [+] founders can position themselves to enter the edtech market.

One industry that has been viewed as ripe for innovation and disruption for the past two decades is education. Yet, despite all of this expected potential, edtech has been evolving incrementally and adding on top of the standard learning and teaching practices rather than replacing them.

While this is very likely to remain true, AI combined with current well-validated digital educational technologies could provide a new opportunity for disruption.

With this in mind, let's delve into four avenues that are reshaping education and consider how new startup founders can position themselves to enter the edtech market.

1. Personalized Learning Platforms

In the bustling digital era, one-size-fits-all education no longer suffices. Just as Google and Facebook revolutionized digital advertising by automatically serving personalized ads, a personalized AI-powered educational feed could be a big opportunity for change.

Artificial intelligence-powered personalized platforms could theoretically assess individual learning styles, preferences, and progress to deliver a curriculum that caters to the unique needs, interests, and capabilities of each learner.

One example in this domain is Duolingo. This language-learning app employs AI algorithms to personalize lessons for users, adapting the difficulty level and content based on their performance. The app's gamified approach aims to keep its users more engaged and motivated, resulting in more effective language acquisition.

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Example business idea: A language pronunciation coach. An app that uses AI to analyze users' speech patterns and provide personalized feedback to improve their pronunciation in foreign languages.

2. AI-Powered Tutoring Platforms

One great entry point for brand-new edtech startups could be to utilize the API of large language models like Chat GPT. A capable chatbot could serve as a private tutor, providing individual feedback and support, and adapting to the pace and learning style of the student.

Combining the chatbot with standard digital educational content from professionals could be a very potent combination of learning materials and cheap, accessible personalized feedback.

Two illustrative examples are ScribeSense and Grammarly - AI-driven platforms that offer real-time writing feedback. These platforms not only correct grammatical errors but also provide suggestions for improvement, mimicking the role of a human tutor.

Example business idea: AI math tutor for kids. A friendly AI chatbot that assists children in solving math problems, providing step-by-step explanations, and adapting its teaching approach based on the child's understanding.

3. Skill-Based Learning Apps

The rapidly evolving job landscape demands continuous skill development. This has paved the way for skill-based learning apps that offer focused courses to help individuals acquire niche skills. Startups like Udacity have embraced this trend by providing nanodegree programs in fields like data science, artificial intelligence, and digital marketing. These programs offer hands-on projects and mentorship, ensuring learners acquire real-world skills that are in high demand.

The best part about skill-based learning is that it has thousands of potential niches. If you are an expert in any field that doesn’t have a lot of online competition for educational content, you could easily start a micro-business (most likely to sell digital educational content) and possibly develop it into a high-growth startup thanks to the scalability of digital technology if you manage to transform your micro-business into a niche-focused platform.

Of course, if you would manage to grow your online content business into a real startup depends on how innovative you can be .

Example business idea: Virtual reality welding simulator. Build a VR simulation tool that teaches welding skills in a safe and controlled virtual environment, allowing users to practice and refine their techniques.

4. Collaborative Learning Platforms

While collaborative work is industry-standard all over the world thanks to cloud-based solutions like Google Docs, Notion, and many others, collaborative learning hasn’t caught up with that trend yet.

In theory, however, the concept of a digital classroom could provide value for learners.

A collaborative learning platform would enable students from diverse backgrounds and geographies to come together virtually, fostering a global community of learners. Startups like Coursera exemplify this trend. Partnering with universities worldwide, Coursera offers courses on a wide range of subjects, allowing learners to interact with peers from different cultures and access high-quality education without geographical constraints.

That said, collaborative learning has a long way to go, and an innovative platform that integrates the capabilities and learnings of industry-leading collaborative working apps could create a lot of value and reap success in the edtech industry.

Example business idea: Global niche book club platform. An online platform that connects readers from different parts of the world who are interested in the same niche of books and discuss books together, possibly producing joint book reviews.

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10 Tech-Related Business Ideas

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Alyssa Gregory is an entrepreneur, writer, and marketer with 20 years of experience in the business world. She is the founder of the Small Business Bonfire, a community for entrepreneurs, and has authored more than 2,500 articles for popular small business websites.

There are many ideas for technology-related businesses  out there that allow entrepreneurs with some tech-savvy to put their experience into building successful new companies.

At the rate technology continues to change, an ability to adapt to those changes, and help others in the process, has all the makings of a very powerful business foundation.

To get you started exploring business ideas in technology, here are 10 tech business ideas, including the pros and cons, and a list of resources to explore for each idea.

Many of these ideas involve selling services, meaning that you won't need to have a bunch of money tied up in inventory or manufacturing equipment. This list offers some very flexible ideas, and you can start many of these businesses with very little upfront capital, and either work as a solo consultant or hire workers and manage multiple clients and jobs.

Blog Consulting

If you are a blogging expert and love to learn and explore all things related to blogging, a small business as a blog consultant could be a very lucrative business, allowing you to support all types of businesses and bloggers in getting their blogs up and running.

You can also "farm out" writing and other blog-related projects to third parties and take a cut of the proceeds for managing the jobs. Explore if this is the right business idea for you.

Computer Repair and Maintenance

If you have a technical background and an expert understanding of computers and how they work, a small business as a computer repair and maintenance service could be a great business idea for you.

You can cater your services to one operating system, or support all major platforms. You can also supplement your business income with sales of items such as new hard drives, monitors, mice, and other computer-related items. 

Computer Training

Are you exceptionally savvy with computers, software and other devices, and want to help others boost their comfort level with technology? If so, a computer training business might be a great business idea for you.

Despite some of the "work from home" scams that involve data entry work, there are a lot of legitimate opportunities available for data entry businesses. If you are an exceptional typist with an eye for detail, explore what it takes to start a data entry business.

eBay Consulting

An eBay consulting business may be the perfect business idea for an eBay pro who wants to help others use eBay effectively and generate a significant income. Learn if an eBay consulting business is the right business for you.

Internet Research

With the vast amount of information available online these days, being able to locate and validate information is a marketable skill. Do you have a knack for quickly finding relevant information on the Internet? If so, an Internet research business may be the perfect business idea for you. 

Many small businesses don't have the budget to afford a full-time, in-house technical support team, making outsourced IT support a potentially lucrative business idea.

You can provide network setup and maintenance services, data backup and recovery, and software installation and management. Depending on your clients' needs, your services can also include security measures and mobile device management.

Social Media Consulting

Social media is a powerful marketing tool, particularly for small businesses. If you are a social media expert and love helping others create their own social media presence, then you may be an excellent fit for a social media consulting business. Learn the pros and cons of starting a social media consulting business.

Video Production

Video marketing is growing in popularity for all types of businesses. Do you understand the technology behind video editing, and enjoy the process of taking raw video footage and creating a video that flows? A video production business may be a great small business idea for you.

A web design business could be a fun and profitable way for you to follow your dream of being a small business owner, especially if you are a trained or self-taught web designer. Find out if you have what it takes to start a web design business.

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Sellers Are Overwhelmed by New Technology

• George Tobias,
• Craig Riley,
• Colleen Giblin,
• Betsy Gregory-Hosler

According to research, salespeople who feel overwhelmed by technology are 43% less likely to meet quota.

Technology has long been used to boost seller productivity, but sales leaders are telling us that efficiency gains have become slower and more expensive. This is because technology intended to help sell frequently makes the salesperson’s job more cumbersome. Sales organizations’ tendency to run most tasks through the sales rep requires an increasing number of complex systems to support.

In an effort to help salespeople meet ever-changing customer needs, sales leaders have spent years driving a “just one more” strategy — asking sellers to learn one more skill, master one more technology, or adopt one more tool in the hopes of closing just one more deal.

In the process, well-intentioned sales leaders designed a role that is simply too complex for most salespeople. In a recent Gartner survey of 501 B2B sellers, only 25% strongly agree they complete all tasks assigned to them while also meeting company standards of high quality.

Sales leaders’ solution? Technology. And yet, almost half of sellers feel overwhelmed by the number of technologies needed to do their work. This isn’t a mere annoyance — it’s the difference between hitting revenue targets and not. According to our research, sellers who feel overwhelmed by technology are 43% less likely to meet quota than non-overwhelmed sellers.

Get More From Sellers By Asking For Less

Sales leaders must rebuild the seller role around what core performers can actually manage. The seller role of the future is about asking salespeople for less — fewer skills, responsibilities, and tasks — and getting more .

To do this, sales leaders need their technology strategies to work for sellers. Successful sales teams will reinvent the seller role by treating technology as a teammate rather than merely a tool. This will empower salespeople to focus on a narrow set of uniquely human abilities: disentangling psychological and emotional aspects of buyer decision making via two concepts called mentalizing and value affirmation.  

Treat Tech as a Teammate

Technology has long been used to boost seller productivity, but sales leaders are telling us that efficiency gains have become slower and more expensive. This is because technology intended to help sell frequently makes the salesperson’s job more cumbersome. Sales organizations’ tendency to run most tasks through the sales rep requires an increasing number of complex systems to support.

From the salesperson’s point of view, more technology hasn’t made their job easier or less expansive — it’s just been yet another thing to learn.

Advancements in artificial intelligence (AI) make a new approach possible, but only if sales leaders think differently about tech deployment. In the future, progressive sales organizations will adopt technology as a full-fledged member of the sales team, freeing up salespeople from some of their tasks. Rather than giving salespeople more tech, the tech itself will take on more responsibility to navigate the buying environment independently.

Therein lies the revenue technology revolution. Gartner has identified four stages of sales technology maturity, as illustrated in the figure below.

Stages of Sales Tech Maturity

Source: Gartner (2023)

In Stages 1 and 2, humans make decisions and execute tasks with machine support — salespeople remain at the center of a complex web of technology and tools. In Stages 3 and 4, machines make decisions and execute tasks with human guidance, sharing responsibility with salespeople in a way that reduces seller burden.

While it’s hard to imagine that fully autonomous selling (Stage 4) will become the norm for complex B2B sales, many organizations are currently stuck at assisted selling (Stage 2). Sales organizations that embrace tech as a teammate to reach automated selling (Stage 3) will achieve a comparative advantage and see a measurable step change in sales productivity.

Free Your Sellers by Focusing on High-Value Use Cases

The opportunities to leverage tech as a teammate are vast, so where should sales leaders start?

Successful organizations ruthlessly prioritize use cases that will show immediate impact and that salespeople will welcome. Gartner research found these core use cases fit the bill:

• Seller Role Simplification: Automating activities that are essential to the function but that salespeople see as “administrative” (e.g., updating CRM) or “low-value” (e.g., data capture) will build seller trust in technology.
• Generative Value Messaging: Effective salespeople craft a value narrative that’s unique to each deal in their pipeline, and deliver that narrative both verbally and in writing. Naturally, that takes time, and differences in seller ability mean that message quality varies significantly. Salespeople can harness generative AI, like ChatGPT, to create better customer-facing messages faster by turning customer data into customized value messaging.
• Prospecting: Salespeople often deprioritize prospecting, much to the chagrin of sales leaders, many of whom see improving demand generation and driving pipeline development as critical priorities. Treating tech as a teammate will reduce burden by deploying autonomous sales development reps (SDRs), which can scrape data from social media platforms, external company databases, SEC filings, and other sources then match contact data with internal CRM systems. They could qualify prospects and automatically generate outreach, allowing sellers to only focus on reviewing and approving said outreach.
• Solution Design and Deal Closing: AI will use real-time inventory information, product specifications, and customer requests for proposals to auto-generate solutions and quotes for seller review. Instead of salespeople going back and forth with the deal desk for approval on price, AI systems can provide real-time, data-backed pricing justifications and offer value-based reasoning to help salespeople confidently persuade customers and close deals more effectively.

By focusing on these use cases, we estimate that sales leaders may be able to free up to a quarter of salespeoples’ time.

For technology to be a true teammate, salespeople must trust it enough to share ownership or — in some cases — cede control of the sales process.

This disposition, called “tech receptivity,” depends on seller trust in technology, confidence in their ability to use it well, and openness to modifying their sales approach—all factors that can be influenced by business leaders.

In addition, salespeople will need to develop skills in prompt engineering , hallucination spotting, and creativity, among others, to engage effectively with their new tech teammates. Leaders can champion the development of these skills by enabling their people to to experiment with the capabilities and limitations of their tech partners in a productive and low-risk way.

M entalizing: The Seller of the Future’s Superpower

Treating technology as a teammate reduces role complexity and frees up bandwidth for salespeople to bring unique value to buyer interactions.

Recently we’ve observed a powerful phenomenon in our B2B buyer data that increases the likelihood of a high quality deal. We call it value affirmation — when interactions with a supplier clarify the value of a solution by helping validate a buyer’s decision and boost their confidence, buyers are 30% more likely to purchase a high quality deal. Buyers are more than twice as likely to report value affirmation when they work with a salesperson.

Salespeople are uniquely qualified to support value affirmation because of a skill psychologists call “mentalizing.” Mentalizing is the ability to infer unspoken beliefs, feelings, and intentions to predict and influence buyer behavior.

Picture the buyer’s mind as an iceberg — the visible tip is what they reveal out loud. The untapped potential lies beneath, accessible only through mentalizing.

Sellers are out of sync with buyers, and mentalizing can help get them back on the same page. In a recent Gartner survey of over 200 sales leaders, 83% agree that their salespeople struggle to adapt to changing customer needs and expectations. When organizations successfully leverage technology as a teammate, salespeople have room to mentalize.

Elite salespeople often possess a natural talent for mentalizing, but it’s also a skill that can be honed through practice and prompting. There are four levels of mentalizing which build on one another and can be done before, during, and after buyer interactions:

• Active Listening — What Buyers Say: Salespeople have a tendency to focus on what they plan to say next. Instead, they must be fully present in the moment as the buyer speaks. This enables salespeople to probe for missing information and ask pointed follow-up questions.
• Perspective Taking — What Buyers Think: Salespeople must be adept at imagining the buyer’s point of view, assessing what information buyers have already consumed, and supplementing that information with additional insight that affirms the value of a solution.
• Empathizing — How Buyers Feel: Salespeople must exhibit emotional intelligence to anticipate how the buying journey might make buyers feel and adjust accordingly, particularly when it comes to bolstering confidence or alleviating the fear of failure.
• Cognitive Decoding — How Buyers Will Act: This most sophisticated form of mentalizing requires salespeople to synthesize all the information at hand, predict how buyers will behave, and adapt strategy to maximize the chances of a high-quality deal.

Sales leaders can train all four levels of mentalizing in activities like “role-reversals.” Many organizations already do role-playing exercises where salespeople practice their own lines while someone else (incidentally) plays the part of the buyer. But these can be opportunities to challenge salespeople to take turns inhabiting the minds of the customers they’re role-playing. Salespeople might even consider using generative AI as a partner to practice basic role-playing by prompting the language model to take on the perspective of either a seller or a particular buyer persona.

Augment Seller Mentalizing with Technology by Their Side

In the near future, it will be common for leaders to enhance seller mentalizing skills by leveraging breakthroughs in natural language processing and emotion AI. These tools offer clues about buyers’ emotional states and engagement levels as inferred through word choice, vocal tone, body language, and facial expressions.

Consider a virtual conversation with a large buying group. The salesperson is focused on quite a few things simultaneously: making their key points, determining how their message is landing, and answering questions. To do this, they’re using their mentalizing skills — looking at facial expressions, parsing the tone when stakeholders are speaking, and assessing whether questions indicate a sufficient level of understanding. While the best salespeople can glean a lot of insight from all of this information, there’s also a lot they will miss. And that is where an AI “partner” can help.

The idea that salespeople might be able to adapt in the moment based on real-time engagement insights is alluring. But salespeople can only process so much information at once, and colorful real-time sentiment dashboards risk being distracting or demoralizing. The most promising functionality may be after-call reports where salespeople can see which moments triggered strong reactions and adjust their approach for next time.

The Seller of the Future

In the future, the role of the salesperson will be about doing fewer things, but doing them better. Sales leaders must combine the transformative power of AI with the uniquely human capabilities of their salespeople to drive high-margin deals.

While this future might seem like science fiction, competitors — and likely your own salespeople — are already experimenting with new technology. By treating tech as a teammate and re-focusing salespeople where they can add unique value, you stand to unlock a step change in seller productivity and achieve significant revenue growth.

• GT George Tobias is a VP, Team Manager in the Gartner Sales Practice , focused on leading research teams to address critical challenges faced by sales leaders.
• CR Craig Riley is the Chief of Research for the Gartner Sales Practice , focusing on delivering insights that enable sales leaders to take decisive actions to overcome commercial challenges in ways that lead to revenue growth.
• CG Colleen Giblin is a Principal, Research in the Gartner Sales Practice , focusing on developing and communicating provocative, practical insights that reflect and address Sales Leaders’ most critical priorities.
• BG Betsy Gregory-Hosler is a Senior Director, Research in the Gartner Sales Practice , guiding complex research efforts that address challenges among sales leaders.

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45+ Technology Related Business Ideas For Startup Entrepreneurs

There are a lot of tech businesses out there today, it is a huge area covering a range of industries from phones, to Computers , online to repairs. Technology Related Business Ideas.

When people ask me about tech start up business ideas, they often have the big guns in mind, dreaming big, like Apple or Google for example. All of the big businesses started out with an idea they turned into something small that then grew.

Related Post: Best Smartphones for Vlogging – 12 Options

If you are a budding tech entrepreneur this is the time to be earning an income from new and ever developing technology.

……Technology Related Business Ideas…….

IT skills can be turned into very lucrative ventures right now. You just need to find the spark that inspires you.

Related: 30+ Blogging Ideas That Are Guaranteed to Be Popular Blog Topics

I have outlined for you below 50 ideas for starting up your own business, some are based on selling tech, some on using tech, some need you to have specific skills or understanding and some do not.

Today most homes have at least one Computer , Laptop , Smartphone or Tablet . So here is what I suggest are the possible money making ideas right now.

1. Influence marketing

At lot of businesses are using influencer marketing online as a way to advertise and sell. You could be a part of that, perhaps create a platform to bring brands and influencers together.

2. Analytics – Technology Related Business Ideas

Another option for a tech start up business idea is to create a platform online that website owners and companies can use to collect customer data, how they interact on the site, how the site performs and how it site functions.

Related: Top 23 Online Business Ideas That Make Money Today

3. AI entrepreneur

I would highly recommend another advanced tech area to invest in if you have the skills and knowledge and that is AI.

AI is artificial intelligence and there are a lot of advances being made in this area but still a lot to be made and money that comes with it.

You could choose a smaller part of it to get involved in too like a device with voice activation for example.

4. Create a chatbot – Technology Related Business Ideas

A chatbot is a computer program that can talk and communicate with people usually online. It is another example of AI and it is a popular tool for businesses today.

It can talk or use messaging, mobile apps, phones or websites to communicate. They are also known as IM bots, smartbots, interactive agents, talkbot or chatterbots. There is a big market for them today.

5. Live chat platform

Website owners and companies are more and more adding some form of a live chat platform on their sites so they can communicate in real time with them.

Related Post: Best Phones In 2022 – Best Smartphones To Buy Ranked

Basically it is used to sell and get customer feedback to learn how to sell better! If you have the know how you could create a platform or plugin to sell to companies.

6. Completing online research

Online researching is a skill and if it is something you are comfortable doing you could take on clients and create a business out of it.

A lot of companies hire people to take on research, data entry and such. You could also expand further into things like desktop publishing where you create things like;

• Letterheads
• Newsletters

When the work expands to more than you can do yourself you could hire on more workers.

Related Post: Million-Dollar Business Ideas You Can Launch For Cheap – or even free

7. Offer training in computers

Some people, especially those who are younger, take the technological world for granted but there are plenty of people who do not keep up with changing technology.

They need additional support in using things like computers and will pay for someone to help them. This could be about teaching them the basics of using a computer and the internet or you could also include training in certain popular software.

8. Setup computers – Technology Related Business Ideas

Another of my tech start up business ideas is setting up computers for people when they have bought them.

Sometimes people know how but do not want the hassle, and sometimes people do not know how to get it from its packaging to its useable state.

They will pay you to do that for them. If you also offer training in computer use, you could also charge for an introductory lesson once you have set it up for them.

9. General tech consultant

Some great tech start up business ideas come from a general knowledge about tech and IT. If you have good knowledge yourself you could offer your services as a tech consultant. Businesses and people will pay you for advice about certain tech purchases and software.

10. Platform for a sharing economy

A sharing economy platform app or website could allow people to come together and share services and products with others.

11. Renting gadgets – Technology Related Business Ideas

This idea does involve you investing in some gadgets first. Often people want to rent things to try them out before buying, or they just need to use something for one project or occasion.

This means a lot of people would really like somewhere they can rent the gadget they need so they do not have to pay full price and buy it.

Be sure to do some market research so you know what it is people want to rent. Examples could include;

• A projector for a presentation
• A drone for aerial photos
• Gaming systems

12. Streaming service for videos

Video content gets billions of views online from educational videos to reviews, beauty videos to cooking. There are a lot of people unloading them and you could earn a revenue if you create a streaming service for people.

13. Streaming service for music

Also popular is streaming music online too. If you are not into videos you could always create a platform for streaming music instead.

To get a head of the competition try to aim for genres of music that perhaps there are not a lot of streaming apps or sites for already.

14. UX design or testing – Technology Related Business Ideas

UX means user experience. The idea is to take a product and improve its usability and the satisfaction and pleasure a user can get from it.

You can work with developers and website owners testing what they offer and reporting back on whether it is a good user experience, and how they can improve it.

15. Making robotics

Not something you can just jump into of course, but if you do have a talent for designing or building things you might want to enter this world.

You could just be manufacturing parts rather than the whole thing and still be making a profit.

16. 3D Printing

3D printing is certainly a huge advanced tech trend right now. Printing has gone from ink and laser to using metal, plastic and other materials to actually print something in 3D.

There are several ways you can get a foot into the big profits of this area. You might be able to get into designing smaller parts of the printers and manufacture them. Now is the time to get into the business when there are few other competitors.

17. Remote consultant in IT

Should it be a problem to go visit people in their homes or place of work to help with IT issues or answer questions, you could do it remotely.

Start a business from the comfort of your own home and have them grant you remote access. You must be genuine in your intent and work though and have qualifications and good reviews as handing over remote access to just anyone would not be a wise move for most people.

18. A platform for podcasting

Podcasting is growing in popularity as a means for people to connect with others, sharing information, ideas and knowledge with their listeners. Start a platform for them where they can easily upload their podcasts.

19. A platform got posting video content

Another popular vehicle to connect with viewers this time are video posts. You can create an app or website platform for a particular theme of video topics. Videos are a good way to promote, generate interest and build business.

20. Service for live streaming

Live streaming is a very popular online occurrence and is somewhere you could make an income.  It is when a video with audio of the person is streamed at the time of the event.

So for example a lot of live streaming happens around gaming. Start a service from which people can connect with the people that follow them.

21. Influencer on live streams

With live streams being so popular, this gives a great opportunity to online influencers. Essentially you can influence the followers towards whatever company or brand is paying you.

Think of platforms like Facebook live, Twitch and Periscope. Big companies that have had success with it include Nestle, Nissan and NBC.

22. Video channel on tech

Instead of creating a place where videos can be uploaded or streamed you could create your own channel on all things tech and earn an income from doing it.

Videos are a great way to reach people, there is more connection between watcher and video creator than something in just words.

If you are able to create something personable as well as informative you can reach a very large audience.

23. Podcast on tech – Technology Related Business Ideas

If videos are not your preferred method to reach out to people how about a podcast? You can talk about the latest inventions and innovations, new gadgets and anything else you are interested and passionate about.

24. Blog on tech

Another modern vehicle to reach people is blogging. This is a perfect opportunity to discuss the world of technology in written form.

You can make money in a variety of ways from blogging. You can get paid by companies to talk about their products in a positive manner, you can advertise on the site and at the same time you can educate and connect with people who also enjoy the same interests.

25. Mobile App for shopping

There are a huge number of people with smart phones using a wide array of apps. Those apps are paid for, and the popular and successful ones are earning their creators a very good income indeed.

Since a lot of those people also love to shop how about creating some kind of mobile shopping app.

26. Platform for ecommerce

There are so many people making an income from selling online. There are a number of popular platforms people use to create shop fronts. Sometimes people do not have the money to create a physical storefront, and with the internet they do not have to anymore.

But if you get it right perhaps you could create your own platform for ecommerce that people pay to use that is even better.

27. Selling digital products

Digital products means things you access or download online, rather than an actual physical item. So you could sell prints, online memberships, digital gift cards, online videos and so on.

28. Writing eBooks – Technology Related Business Ideas

Number 28 of my tech start up business ideas is to become an ebook author. Where once books were written, then printed and sold by large publishers the advance in tech and the online world now means people can write ebooks and then sell them online on platforms like Amazon. You could write on a huge range of topics such as;

• How to books
• Installation books
• Step by step guides
• Focus on specific tech area like drones
• Focus on specific tech giants
• Top gadgets or best of books

29. Start a book store online

For those who love books you could also start an online book store. You could sell your own books as well as selling others, or just sell other authors.

You will of course have to get a license to sell another people’s work. Larger places like Amazon are making a lot of money from people deciding to sell their work online when the publishing route has not worked, or just instead of it.

You can sell just tech themed books or other topics too. You can start out with just ebooks and then branch into audio and even maybe one day offer hard copies too.

30. Start an e-library – Technology Related Business Ideas

If not a book store site you could set up an online library! People could come to your site to rent different materials from ebooks to PDFs, audios, videos and such.

You could have people from all around the world borrowing from your site. People can do the research they need or want to do from home rather than having to go to physical libraries as long as they have a computer, smartphone, tablet or such.

31. Schooling online

If you are a teacher or tutor, or just have a good amount of knowledge in the tech sector and a good way with others, perhaps you could start a school online!

You would need to decide what topics would be on the curriculum and you would also need to come up with course material and lesson plans.

The world is moving quickly as new developments happen all the time and some people struggle to keep up.

Rather than tutoring or teaching online, you could start an actual school so you can get paid by a number of students learning from you.

32. Run an internet cafe

Internet cafes are extremely popular today. In fact more than just a place for free wifi and a coffee some people, freelancers and such, actually use them as their places of work and where they have meetings.

You could start your own place, starting small and then making something bigger when you have more success.

You just need to be very careful and sure about where you place it to get the best number of customers.

33. Servicing IT equipment

With the increase in IT equipment businesses are using there is now also an increase in demand for people who can service that equipment and perform repairs.

This could make you a very decent income but it helps to have the right experience and credentials if you want to be hired by larger businesses. You could fix things like;

• ATM machines
• Card readers

It would be a surprise to find a place of business that does not have some kind of technology that will need maintenance and repairs along the way.

Sometimes it may be small issues, sometimes it might be software related and sometimes it might be hardware.

34. Selling IT equipment

There is always room for another IT sales person, if you are good at selling things, this could be a way to earn a profit from tech.

You can choose whatever area you want to invest in, but one good one would be internet devices such as modems or reutters or Mi-Fi are especially in demand in North America and plenty of the rest of the world.

35. Offer services in Cloud Computing

Cloud computing is a very popular area of tech and is information storage on the web. It is certainly a tech start up business idea worth thinking about.

Traditionally information is stored in physical servers or on desktops whereas cloud computing means the data is stored across usually several secure web based servers.

The advantages of such are becoming more obvious and so more are wanting to use it. There is profit to be made from offering businesses and site owners cloud computing services.

36. Start a shop for all tech

If you are a dabbler, you have some knowledge and interest in a whole range of tech, you might want to set up a retail business for all things tech.

It could be selling, refurbishing or repairs, or a collection of all three. You could create a place that is a one stop shop for people looking to buy, get repaired, talk about and accessorize. Get a good group of loyal customers and you can make a nice income.

37. Selling and developing mobile apps

Mobile apps are in high demand as more and more people become owners of phones that use a wide range of apps.

You could develop the apps and sell them yourself. You need to come up with unique ideas, think of what people need or what makes life easier for them.

38. Software developer – Technology Related Business Ideas

In this modern technological world software developers are in high demand. They create programs for computers or devices and can make a very good income.

You will need training and may have to start small to build up a portfolio before you get to larger names hiring you.

39. Web designer

For people who  have design talent  and experience and education in web design you could easily set up your own business offering your service.

With more and more businesses realizing the importance of having an online presence the demand for web designing is very high. Businesses will pay good money to have a website that is user friendly and attracts customers.

40. Create a site for online dating

Online is not just a place people buy or advertise, it is also a place where people meet and fall in love.

There are a lot of online dating platforms, apps and sites but the right site could bring in a lot of clients whether they are wanting their soul mate or just people to connect with.

41. Blog Consultant – Technology Related Business Ideas

With blogging being such a big business today there is opportunity there to earn money from being a blog consultant.

Some people blog just to connect with others as hare ideas, but some  also make money  from it. In those cases bloggers will want to have the best blogs possible to get the most readers possible.

A blog consultant is paid to look at blogs and tell people how to make improvements and what can be done to improve their revenue from them.

42. Start an Info Tech Radio or TV show

I covered the ideas for sharing your information via online methods, but let’s not forget the other modern means for communication, TV and Radio.

You could start a show on one of them that offers tech advice, reviews and support. There are a few others out there, but perhaps there is something you think should be covered that is not being covered.

Or perhaps you have an idea for a theme that is different from the others. You can get listeners and viewers which would mean then you could get sponsorships and ad revenue.

43. SEO consultant – Technology Related Business Ideas

The SEO is essential to publishers and businesses online. It SEO stands for Search Engine Optimization. Basically there are ways to make sure your site, or page or post is the one that comes up in the first page of an internet search.

For example if you have a site with articles and sales on smartphones, you want your page to come up when people use a search engine like Google to look up something like What is the best Smartphone.

This is not something that everyone is an expert in so often they will hire an SEO consultant or specialist to optimize their pages for them.

44. Social media consultant

Other consulting area include the various types of social media there are. Businesses are realizing these networks are an opportunity to be taken advantage of but are always sure how to do it.

A social media consultant would have expertise on helping them use different platforms, creating content and developing strategies. Typical platforms include;

45. Create a new social networking site

There are some huge names in the world of social networking but they were not always so big and successful. Most start out small and then grow from there.

If you have the skill you could opt to develop a new social networking platform. With some hard work and commitment you could soon start earning a small income that will grow as you attract more users.

46. Manufacturer of computer parts

Making computer parts is an area some people can step into but is a tech start up business idea that requires some training. It might be computer parts or it might be parts of their accessories like bouse parts, speaker parts and so on.

47. Selling refurbished phones

With most people having a mobile phone today there is a huge market for refurbished phones. You could get used phones and refurbish them and sell them.

Not everyone can pay top price for the latest smartphone or blackberry. Offering refurbished phones at a lower price means people can still get a phone it just might not be brand new!

48. Making smartphone accessories

Smartphones offer a large number of options when it comes to starting your own tech business. One of those is making one or more of the accessories that are used with them. Things like charging cords, cases, speakers, lenses, earphones and so on.

49. Repairing smartphones

Or you could start a business offering repairs for smartphones if you have the necessary knowledge and skills. It is a fact that phones can sometimes take a bit of a beating, screens crack and so on.

People would much rather pay your more affordable prices than have to take it into a shop or even worse have to buy a replacement.

50. Car tracker repairs and installations

My last offering for tech start up business ideas is to get into installing and repairing car trackers.

Cars having a tracking system is growing, and somebody needs to be paid for repairing them and installing them! Fleet operators especially use them to track and manage all their vehicles.

Wrapping Up

For those with tech knowledge, skills and training there are plenty of opportunities for starting up your own business.

Whether you prefer to work online, repair things, make things, sell things or talk about them, I have found something here for everyone.

The world is advancing and people worry about the loss of jobs it is causing. While in some cases that may be the case, it also creates opportunities for skilled tech loving people.

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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

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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 businesses.

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6 Creative Technology Based Business Ideas For Startups

Technology startup business ideas for entrepreneurs.

What are some trending new technology business ideas  list for beginners? Technology is the application of scientific knowledge for practical purpose. It’s a belief that technology is rocking the softened heart of the world. There had being different changes in the development of technology.

I will be sharing some low or high tech business opportunities and ideas in separate categories.

Information and communication Technology, is a show case that without technology, information and communications wouldn’t progress. To eat with ease, drink with ease, travel long journey with ease, doing menial works with ease is the product of the noble technology.

This is one technology related business idea that many people have not taught about because they are all looking for a get rich quick business for startups.

Here are few technological business you could venture in:

COMPUTER REPAIR AND MAINTENANCE

Investing in computer repair and maintenance is a reputable and lucrative idea.To become an entrepreneur in computer repair and maintenance, you need to have thorough knowledge about the computer system. You need to be conversant with the internal and external parts of any computer gadgets.

You must be taught how to put a bolt into an hole to fill the space. Computer accessories like laptops, keyboard, desktops, handsets and others must be your ‘do to eat’, though it cost a lot to start this business idea in technology, but as time goes on when people tends to love your advice and repair works, you will earn million times of what you’ve invested.

To start this successful tech business idea for Africa, meet a professional to receive some months of training on how it could be done and thereafter gaining access to the ICT world, you need to collect the license and certificate of profession and working tools.

After this, you are a boss of your own, and you could rock the world with your knowledge of computer.

CINEMATOGRAPHY

Need creative business ideas related to information technology ?

Cinema is the production of film . You are the most wanted in the film industry, where movies are shot and captured, to present it in the world of art. As a cinematographer, all you will have to do is to manage the camera, speaker, recorder and other kinds of machine in film production.

You could venture owning your own company of video coverage and computation.

To start this technology based business, you will need to have broad knowledge in the use of camera and other tools. You must go through serious training from professionals and through this, you will have more understanding about the tech business after that, due license must be paid for and this can earn you, your want from time to time.

COMPUTER TRAINING

World is rolling into a cylinder of technology. Thus, people will say,”computer age”. Yes we are in the age where technological machines had made rhetorically world an ease-fill place to live in.

Thus, everyone in the world needs to understand the nitty-gritty of computer. They must by possible means be a computer literate. As a computer guru, you can earn your cash by impacting knowledge into the lives of people who have the zeal to learn and make good use of it. This is one of the top computer based opportunities .

As a trainer, you must let the ‘trainee’ know the usefulness, the merit of become literate. Thus if you show them the nooks and cranes on the system. You will make your cool cash from this unique technology business startup idea.

To do this, you must be a master to impact into others, creating teaching, techniques to train them effectively and organize a certificate to issue to them after receiving months of training and through this, you could make your cool cash.

SALES OF COMPUTER

Everyone wants people who could offer the best technological improvements in their location.you could help in selling computer accessories and other parts of the computer like tablets, ipod, laptops, desktop, mouse, keyboard, flash drive and the likes.

Investing in a technology idea for business where these are sold will be of great opportunity for you and consumers.

Interested in small this IT sales business, get a conducive and marketable shop, money to buy your products and skilled apprentices could be employed and you could make you cool cash trading as often as possible.

SALES OF SOLAR ENGINES

You could be a solace in times of low and non-electricity supply. You can venture into the sales of solar engines like solar generator, touch light, televisions, battery and even bicycle and the likes.

This small green business idea in technology is a cool option, in a country like Nigeria where there is not light, high price of petrol, by venturing into this technology business opportunity, you will serve as a cool options for them and by making due sales, you can become rich even without much advertisements.

By taking the risk of doubtful client, ‘it is always better to give than to take. Invest in the small tech business idea and surely, you will be amazed of your income.

Myinvestmentideas.com

Best Investment Plans in India and Money Saving Ideas

30 Profitable Tech-Related Business Ideas to start now

Updated on : February 27, 2023

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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4 thoughts on “ 30 Profitable Tech-Related Business Ideas to start now ”

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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Google unveils enterprise AI tools, new AI chip

SAN FRANCISCO, Aug 29 (Reuters) - Google unveiled a swath of fresh artificial-intelligence technology and partnerships on Tuesday that were geared toward bringing more of the growing technology to large businesses.

The batch of announcements from its Google Next conference in San Francisco included new customers for its cloud software such as General Motors (GM.N) and Estee Lauder Companies (EL.N) .

The Alphabet (GOOGL.O) subsidiary made public a new version of its custom-built AI chips, unveiled an enterprise-scale tool to watermark and identify images generated with AI - plus tools for security and its office suite.

The flurry of announcements is part of Google's recent effort to showcase its AI plans, after Microsoft (MSFT.O) caught the company off guard with an ambitious AI strategy it has been rolling out since last year.

But its big business customers need to be deliberate and move at a different pace, Google Cloud chief Thomas Kurian said in an interview with Reuters.

"We've generally told enterprise customers, 'Go slowly and methodically because it's important that you treat this as a strategic software development,'" he said. "There's been this sort of FOMO of, 'I need to be in generative AI for generative AI's sake.'"

FOMO refers to fear of missing out, a common refrain in AI in recent months.

Google logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing Rights

To bolster Google's enterprise cloud service it added 20 AI models to its collection, bringing the total to 100. The AI infrastructure includes deals to bring Google Cloud customers access to Meta Platforms' (META.O) AI model LLaMa 2, and to the startup Anthropic's Claude 2.

Google announced new versions of its own foundation AI infrastructure that improve performance and add features. The new version of its text model called PaLM, for example, increased the amount of text users can input to make it easier to process longer documents such as legal briefs and books.

Google discussed a tool that adds the capability to watermark AI-generated images. Called SynthID, the technology alters a digital image file in a way invisible to human eyes. It is designed to remain intact after an image is altered or tampered with.

Google also rolled out AI updates to its suite of office software and security tools. The company unveiled an AI-powered tool that can port databases from Oracle (ORCL.N) to an open-source version, a notoriously difficult task.

CUSTOM AI CHIPS

Ahead of the announcement of its full-fledged fifth-generation tensor processing unit (TPU), Google has opened access to a version that is optimized for genAI and large language models.

The new chip, called TPU v5e, is designed to train large models but also efficiently serve content from those models. It is not as powerful as the as yet unlaunched flagship fifth AI generation chip.

Google has stitched together the TPU v5e chips into batches of 256 that it describes as a "supercomputer." Cloud customers can connect several pods together in order to tackle more complex computing problems.

Reporting by Max A. Cherney in San Francisco Editing by Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles.

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The A.I. Revolution Is Coming. But Not as Fast as Some People Think.

From steam power to the internet, there has always been a lag between technology invention and adoption across industries and the economy.

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By Steve Lohr

Steve Lohr covers technology and the economy.

Lori Beer, the global chief information officer of JPMorgan Chase, talks about the latest artificial intelligence with the enthusiasm of a convert. She refers to A.I. chatbots like ChatGPT, with its ability to produce everything from poetry to computer programs, as “transformative” and a “paradigm shift.”

But it’s not coming soon to the nation’s largest bank. JPMorgan has blocked access to ChatGPT from its computers and told its 300,000 workers not to put any bank information into the chatbot or other generative A.I. tools.

For now, Ms. Beer said, there are too many risks of leaking confidential data, questions about how the data is used and about the accuracy of the A.I.-generated answers. The bank has created a walled-off, private network to allow a few hundred data scientists and engineers to experiment with the technology. They are exploring uses like automating and improving tech support and software development.

Across corporate America, the perspective is much the same. Generative A.I. , the software engine behind ChatGPT, is seen as an exciting new wave of technology. But companies in every industry are mainly trying out the technology and thinking through the economics. Widespread use of it at many companies could be years away.

Generative A.I., according to forecasts , could sharply boost productivity and add trillions of dollars to the global economy. Yet the lesson of history, from steam power to the internet, is that there is a lengthy lag between the arrival of major new technology and its broad adoption — which is what transforms industries and helps fuel the economy.

Take the internet. In the 1990s, there were confident predictions that the internet and the web would disrupt the retailing, advertising and media industries. Those predictions proved to be true, but that was more than a decade later, well after the dot-com bubble had burst.

Over that time, the technology improved and costs dropped, so bottlenecks fell away. Broadband internet connections eventually became commonplace. Easy-to-use payment systems were developed. Audio and video streaming technology became far better.

Fueling the development were a flood of money and a surge of entrepreneurial trial and error.

“We’re going to see a similar gold rush this time,” said Vijay Sankaran, chief technology officer of Johnson Controls , a large supplier of building equipment, software and services. “We’ll see a lot of learning.”

The investment frenzy is well underway. In the first half of 2023, funding for generative A.I. start-ups reached $15.3 billion, nearly three times the total for all of last year, according to PitchBook, which tracks start-up investments.

Corporate technology managers are sampling generative A.I. software from a host of suppliers and watching to see how the industry shakes out.

In November, when ChatGPT was made available to the public, it was a “Netscape moment” for generative A.I., said Rob Thomas, IBM’s chief commercial officer, referring to Netscape’s introduction of the browser in 1994. “That brought the internet alive,” Mr. Thomas said. But it was just a beginning, opening a door to new business opportunities that took years to exploit.

In a recent report , the McKinsey Global Institute, the research arm of the consulting firm, included a timeline for the widespread adoption of generative A.I. applications. It assumed steady improvement in currently known technology, but not future breakthroughs. Its forecast for mainstream adoption was neither short nor precise, a range of eight to 27 years.

The broad range is explained by plugging in different assumptions about economic cycles, government regulation, corporate cultures and management decisions.

“We’re not modeling the laws of physics here; we’re modeling economics and societies, and people and companies,” said Michael Chui, a partner at the McKinsey Global Institute. “What happens is largely the result of human choices.”

Technology diffuses across the economy through people, who bring their skills to new industries. A few months ago, Davis Liang left an A.I. group at Meta to join Abridge , a health care start-up that records and summarizes patient visits for physicians. Its generative A.I. software can save doctors from hours of typing up patient notes and billing reports.

Mr. Liang, a 29-year-old computer scientist, has been an author on scientific papers and helped build so-called large language models that animate generative A.I.

His skills are in demand these days. Mr. Liang declined to say, but people with his experience and background at generative A.I. start-ups are typically paid a base salary of more than $200,000, and stock grants can potentially take the total compensation far higher.

The main appeal of Abridge, Mr. Liang said, was applying the “superpowerful tool” of A.I. in health care and “improving the working lives of physicians.” He was recruited by Zachary Lipton, a former research scientist in Amazon’s A.I. group, who is an assistant professor at Carnegie Mellon University. Mr. Lipton joined Abridge early this year as chief scientific officer.

“We’re not working on ads or something like that,” Mr. Lipton said. “There is a level of fulfillment when you’re getting thank-you letters from physicians every day.”

Significant new technologies are flywheels for follow-on innovation, spawning start-ups that build applications to make the underlying technology useful and accessible. In its early years, the personal computer was seen as a hobbyist’s plaything. But the creation of the spreadsheet program — the “killer app” of its day — made the PC an essential tool in business.

Sarah Nagy led a data science team at Citadel, a giant investment firm, in 2020 when she first tinkered with GPT-3. It was more than two years before OpenAI released ChatGPT. But the power of the fundamental technology was apparent in 2020.

Ms. Nagy was particularly impressed by the software’s ability to generate computer code from text commands. That, she figured, could help democratize data analysis inside companies, making it broadly accessible to businesspeople instead of an elite group.

In 2021, Ms. Nagy founded Seek AI to pursue that goal. The New York start-up now has about two dozen customers in the technology, retail and finance industries, mostly working on pilot projects.

Using Seek AI’s software, a retail manager, for example, could type in questions about product sales, ad campaigns and online versus in-store performance to guide marketing strategy and spending. The software then transforms the words into a computer-coded query, searches the company’s storehouse of data, and returns answers in text or retrieves the relevant data.

Businesspeople, Ms. Nagy said, can get answers almost instantly or within a day instead of a couple of weeks, if they have to make a request for something that requires the attention of a member of a data science team.

“At the end of the day, we’re trying to reduce the time it takes to get an answer or useful data,” Ms. Nagy said.

Saving time and streamlining work inside companies are the prime early targets for generative A.I. in most businesses. New products and services will come later.

This year, JPMorgan trademarked IndexGPT as a possible name for a generative A.I.-driven investment advisory product.

“That’s something we will look at and continue to assess over time,” said Ms. Beer, the bank’s tech leader. “But it’s not close to launching yet.”

Steve Lohr covers technology, economics and work force issues. He was part of the team awarded the Pulitzer Prize for explanatory reporting in 2013. More about Steve Lohr

Explore Our Coverage of Artificial Intelligence

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Technology disruption has typically affected blue-collar jobs. But white-collar workers may feel the brunt of the changes  brought on by A.I. systems.

Initially, some school districts raced to block A.I. chatbots like ChatGPT. Now, as the new academic year starts, they are trying to embrace the technology .

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No, not the USS Enterprise —

The new spreadsheet openai introduces chatgpt enterprise for businesses, unlimited gpt-4, encryption, 32k context, and more. will it become an essential tool.

Benj Edwards - Aug 28, 2023 8:27 pm UTC

On Monday, OpenAI introduced ChatGPT Enterprise, an AI assistant aimed at businesses that offers unlimited access to GPT-4 at faster speeds. It also includes extended context windows for processing longer texts, encryption, enterprise-grade security and privacy, and group account management features.

Further Reading

Building on the success of ChatGPT , which launched just nine months ago, the enterprise version of the popular chatbot seeks to ease minds and broaden capabilities.

Among its perks: a 32,000 token context window, which means it can process more text (or hold longer conversations) at once. Tokens are fragments of a word, and 32,000 tokens are roughly equivalent to about 24,000 words. Currently, ChatGPT with GPT-4 maxes out at 8,000 tokens for ChatGPT Plus users. Also, no more usage limits: Enterprise customers will have access to unlimited GPT-4 queries at a faster speed.

Since all of ChatGPT's data processing takes place in the cloud (on OpenAI's servers), ChatGPT Enterprise is also designed to meet the high-security needs of business customers with features such as data encryption "at rest" (using AES 256 —as stored on OpenAI's servers) and "in transit" (using TLS 1.2+ , which covers user input and output through the Internet, sometimes used as part of HTTPS). Also, OpenAI says that customer prompts and company data are not used for training OpenAI models. In the free and Plus versions of ChatGPT, OpenAI uses that data for training unless conversation history is turned off.

In a potential win for corporate security aficionados, ChatGPT Enterprise has been certified SOC 2 ( System and Organization Controls 2 ) compliant, which is a framework set by the American Institute of Certified Public Accountants (AICPA) for auditing a company's controls for managing customer data to ensure they meet security, availability, processing integrity, and privacy standards.

The service also includes a new admin console that allows for bulk member management, domain verification, and single sign-on (SSO) and provides "usage insights" for large-scale deployment—checking off plenty of corporate IT jargon boxes.

ChatGPT is already being used in over 80 percent of Fortune 500 companies, says OpenAI, based on an analysis of registered email address domains. The firm lists early adopters like Block, Canva, Carlyle, The Estée Lauder Companies, PwC, and Zapier as having already used ChatGPT Enterprise to "craft clearer communications, accelerate coding tasks, rapidly explore answers to complex business questions, assist with creative work."

OpenAI's promotional blog quotes Jorge Zuniga of software-as-a-service platform Asana as saying, "ChatGPT Enterprise has cut down research time by an average of an hour per day, increasing productivity for people on our team. It’s been a powerful tool that has accelerated testing hypotheses and improving our internal systems."

All of which raises the question: Just how useful is ChatGPT for businesses? That will likely depend on the application. Will AI assistants like ChatGPT become the new word processor or spreadsheet—a fundamental software tool that will become essential and eventually taken for granted as a business necessity? Andrej Karpathy, an OpenAI employee and influential AI scientist , is angling in that direction. On the social media network X, Karpathy, posted , "Imo the productivity amplification here is so large that organizations should be thinking about it as a basic work tool, like a new kind of spreadsheets++, given out eagerly and by default."

On the other hand, large language models such as GPT-4 are known to confabulate (make things up or draw false conclusions) at unpredictable times, which makes their utility as a factual reference limited. Instead, the model's strengths seem to center around analysis, explanation, summary, and translation. Among corporate ChatGPT users, "bring your own facts" may likely be the rule of the day—as in, provide facts or data in context for GPT-4 to work with instead of relying on facts from the model itself.

Microsoft already offers similar enterprise chatbot features in Bing Chat Enterprise, which is based on GPT-4 and other technology licensed from OpenAI (Microsoft announced a large investment in OpenAI in January). Bing Chat Enterprise is included with the price of Microsoft 365 for Business Standard ($12.50 per user per month) and Premium Plans ($22 per user per month). In July, Microsoft also said that Bing Chat Enterprise would eventually be available standalone as a $5/month feature.

OpenAI has not yet publicly announced how much ChatGPT Enterprise will cost. When we asked, an OpenAI representative replied, "It will depend on each company’s use case. Those interested should reach out to OpenAI for more information."

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