The dot-com generation opened the door to tech business ideas and other opportunities that lie around the tech world. As we gradually head towards the Fourth Industrial Revolution, you will notice that a lot of things are changing, especially the way we live, work, and relate to one another.
New human development is unveiling, which is enabled by extraordinary technology, and many tech business ideas, that are breaking boundaries across industries. Technology is the new frontiers across so many industries, as it makes work easier and faster.
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Clearly, the blurring of boundaries between the physical, digital, and biological is caused by technology. There has been a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies.
We all know that the largest tech company today – Apple Inc., started from an idea. As entrepreneurs, we can take out time to comb through some tech business ideas that will lead us to deeper insights into the world of tech.
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Ideas are free, but sometimes, coming up with a good business idea is often one of the hardest hurdles to jump. Ideally, an entrepreneur should put some things into consideration before setting out to implement a business idea, especially in the tech industry:
- It should be something you like doing,
- The idea should be something you are good at, and
- It should be something that is in demand (i.e., people would pay for).
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Tech Business Ideas To Start Now
We will go through 12 tech business ideas you can start now as a tech entrepreneur. These business ideas are easy to start, and also in demand. They are businesses that you can scale as well.
1.) Web Design/Development
One tech business idea that will stand the test of time and hardly go out of style is website design. Every business needs a professional-looking website 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.
As long as the web exists, there will always be a need for web developers. Modern web development requires much more than just mastering HTML, CSS, and, perhaps, learning PHP or JavaScript. So, any web developer who wants to be competitive must become familiar with various frameworks, supporting technologies, and trends in the tech space.
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2.) Online Teaching
The COVID-19 pandemic exposed us to the reality of online education. The success of Khan Academy, a non-profit educational organization created in 2006 by educator Salman “Sal” Khan, has proved the effectiveness of online teaching and paved the way for talented educators and their students.
There will always be a deficiency of knowledge and expertise, hence, the need to sell your expertise and knowledge as digital content. You can start by leveraging platforms, like YouTube, or share through podcasts.
3.) Podcasting
Podcasting is a fantastic tech business idea to start with more or less zero cost. If you are knowledgeable about a particular field of interest or niche topics that are suitable for this type of format, the best time to start is now.
Do you like video games or ethnic music? Interested in startups and entrepreneurship? There are definitely plenty of people of like minds, who wouldn’t bat a lid to listen to you. The listenership of your podcast even when marketed can increase to millions. As your listenership increase, you can monetise your podcast.
4.) Blockchain
One of the disruptive technologies that have been silently shaping our future is blockchain. Apparently, its intense encryption features and decentralization of authority, is attracting a lot of companies. They now see blockchain as the way forward for a number of their operations.
While blockchain still remains a buzzword for a lot of people, blockchain is already being used in different ways. Its fundamental application is seen in the replacement of conventional banking procedures in terms of transactions.
More so, blockchain is also used in monitoring supply-chain, implementing digital IDs, data sharing, royalty and copyright protection, food safety, tax compliance and regulations, and more. It’s a business area that requires knowledge of advance technology.
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5.) Affiliate Marketing
One very good idea among numerous tech business ideas is affiliate marketing. As an affiliate marketer, you’ll promote the products of other people and earn commissions on their sales. Top E-commerce platforms are the homes of affiliate marketers, but there are many alternatives as well.
Affiliate marketing is often combined with blogging to create a seamless mix of content and promotion. If you’re tech savvy and have a thing for selling and marketing, this is a very good business opportunity for you.
6.) Content Writer
The tech world cuts across so many industries, and the writing industry isn’t left out. Businesses of all sizes embrace content marketing as their leading way of attracting customers and establishing their position as market leaders in the global space.
The content writer should be able to quickly digest complex topics and turn them into engaging posts that are well optimized for search engines. You can either operate as a freelancer or build a content marketing agency where you help brands with their content marketing needs.
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7.) Mobile Laundry
Mobile laundry services can be the ideal extension of an existing laundry business. Having a laundry service on the go is also a great way to scale up and win more market share.
More so, in this day and age, it’s paramount to make the entire service as convenient as possible, which often means creating mobile applications and a website where customers can schedule deliveries and pickups.
8.) Influencer Marketing
Next on our list, is an industry that opened up in the advent of social media. Influencer marketing involves endorsements and product placements from individuals or organizations who possess a certain level of expertise or social influence in their respective fields.
If you possess some level of unique knowledge, authority, 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.
However, there is also another aspect of the business, where you can launch a business focused on connecting brands with the right influencers for their products and mission.
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9.) Content Automation
With content and social media becoming an ever-growing part of many businesses ’ marketing plans, content automation software presents a great opportunity for tech entrepreneurs. Also, businesses today have accounts on 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.
Therefore, there’s a need for 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. If you’re able to develop a platform that solves this problem, you will smile to the bank.
10.) E-commerce
The e-commerce industry is now the biggest tech industry in the world. It has been around for a while but, still has growth potential.
Statista reports that e-commerce sales grew from $500 billion to nearly $550 billion over the last year. If you have a unique idea for an e-commerce store, you can launch your own e-commerce platform from the comfort of your home.
Even if you don’t have any product in mind, dropshipping will save you all the stress and allow you to start an e-commerce business with products you are not responsible for warehousing or shipping.
The industry is dominated by e-commerce giants like Amazon, Jumia, Konga, Shopify, so, if you want to start your own e-commerce platform, a niche market will be ideal to create a pathway in the industry.
11.) Mobile Application Development
Right now, we know that every business needs a website, soon enough, every business will need a mobile application. The business terrain is changing due to the digital space, and the demand for mobile apps is on the increase.
This here, lies the huge potential and opportunity in the mobile app development industry. We have companies that are currently building their entire business model around app development- AppZone, etc.
Apps are not only for businesses, as you can develop other applications around gaming, fitness, food, education, etc. If you want to tap into this goldmine, you need to learn how to code.
12.) Fintech
One of the most thriving tech business ideas in the African tech industry is the Fintech. This idea uses technology to push financial inclusion across the board. More so, it is clearly the fastest growing business model in the tech industry in Nigeria and Africa.
The Fintech industry is so large that you can adopt different business models; from mobile banking to investing, savings, and even loans. Although, the African fintech industry is getting saturated, however, your unique selling proposition is what makes the difference and will stand you out.
Conclusion:
There are many tech buisness ideas you can explore. As always, ideas are not enough. Implementation of the business ideas is where the challenge lies.
When you have identified the right tech ideas to explore, it’s important to structure the business by registering with the Corporate Affairs Commission. ReDahlia makes business registration seamless and stressfree for its clients.
Also, you must have a business plan or a business model that looks at the business as a whole. In addition, if you ever want to succeed in any of the businesses mentioned, you have to invest in marketing your business to your target market.
If you’re having challenge starting your business, reserve us to look at your business challenge. We will develop and a winning strategy that will grow your business and increase your business revenue.
Which of these tech business ideas will you like to start? We will like to read about it in the comments. Also, share this content with your audience if you found it useful.
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