Are you an IT professional and looking for an additional source of income by starting a side business? In the recent era of the internet of things, IT professionals are needed in every small and big business. Here in this article, we list down the list of tech business ideas that has the potential of making a good profit.
What is a Tech Business?
The information technology industry is vast. It includes software, networking, biometrics, mobile, digital entertainment, content delivery, mobile wallet technology, the internet of things, and so on.
A tech business can be in the manufacturing sector like Apple, or in the service sector like Google.
Innovation and automation have been drivers of the information technology market. It has streamlined technologies and has increased security within these components. Knowledgeable and experienced IT professionals may consider starting their own home-based venture as a part-time or full-time business operation.
List of 21 Tech Business Ideas
#1. Start a Tech Blog
If you are a tech-savvy person and have experience in a specific technological field, the Internet provides you with an awesome opportunity of making money just by sharing your opinions and thoughts.
Presently, if you search the internet, you will find plenty of tech professionals making billions out of running their blogs. In addition to this, it requires a negligible cost to start and can be done in your spare time.
#2. Computer Repairing & Maintenance
If you have the skill of diagnosing a computer’s problem and have the expertise to fix them, the computer repair and maintenance business is just perfect for you. In a spare room, you can start the business at home. You can also charge for annual maintenance service providing.
#3. Computer Assembling
Computer assembling also allows the customized PC-making service. Because of the high price of the branded computer, many people go for high-configuration assembled computers.
You can start the business by importing spare parts for the computer from China or any other country. For a small business, creating a loyal and niche customer base and creating a proper distribution network is important.
#4. Start a BPO
The term BPO stands for business process outsourcing. BPO is one of the most successful ventures in developing countries. The basic factor in starting a successful BPO is deciding its nature of operations. The major available options are Inbound and Outbound.
5. Virtual Reality
Virtual reality (VR), augmented reality (AR), and mixed reality immersive learning systems are all referred to it as “extended reality” (XR) (MR). With the help of virtual reality (VR) training, students can engage in realistic interactions with both people and objects in a simulated learning environment.
The demand for virtual reality-related applications is expected to grow in the coming years. If you have experience in a similar field, you can consider starting this business.
#6. Computer Training Institute
The computer training institute is an ideal business opportunity for aspiring computer-savvy professionals. Running a computer training institute with some other value-added services can be a profitable and self-rewarding business. The only criteria are you have to be knowledgeable enough about computers and the internet.
#7. Desktop Publishing
Desktop publishing is the process of using the computer and specific types of software to combine text and artwork to create documents properly formatted for print, the Web, or mobile devices such as newsletters, brochures, books, business cards, Web pages, greeting cards, letterhead, packaging, signage, etc.
This business can be initiated on a home-based basis. Your primary requirement is a computer with an internet connection and the necessary software.
#8. eCommerce Store
eCommerce store business has opened a big business avenue in the internet business. It is one of the topmost internet business ideas buzzing in the minds of new-age entrepreneurs. Nowadays you can get an easy-to-use, fully functional eCommerce store by investing little money.
You don’t even need a hosting provider. There are a number of online website-building platforms that will help you create an eCommerce store without hassles. You need to concentrate only on the marketing aspect of your business.
#9. Develop Mobile Games
People enjoy games like anything. The demand for different interesting games is increasing. Your game-developing business may range from one person to a large business entity. Commercial game development is required to meet milestones set by the publisher. Milestones mark major events during game development and are used to track the game’s progress.
#10. Artificial Intelligence
The simulation of human intelligence functions by machines, particularly computer systems, is known as artificial intelligence. Furthermore, specific applications of AI include expert systems, natural language processing, speech recognition, and machine vision. It is expected that the industry of AI applications will grow exponentially in the coming years.
#11. Internet Marketing Consulting
Nowadays, every small and big business must have a website. However, only having a website doesn’t assure getting business from it. Having a proper marketing plan and the right implementation, only work effectively in getting business from the website. A lot of technical and branding issues are there to creating a website as an effective marketing tool.
#12. IT Company
The information technology and software industry have a major contribution to the country’s progressive economic performance. A person who is passionate about programming and has the ability to develop software for business, starting his own IT Company will be a perfect and wise decision for him.
#13. Mobile App Making
The mobile app-making business has huge potential and vast opportunities. Since the launch of iPhones and smartphones, mobile apps have become more lucrative for new businesses. Now a day the downloading rate of mobile apps is 30 million per day.
In this business, one needs to concentrate on taking an app from concept to potentially high-tech reality with the right approach.
#14. SEO Consulting
SEO consulting professionals provide organic search engine optimizing tactics and improve a website from a virtual unknown to page one ranking. The term SEO stands for Search Engine Optimization.
When people look forward to information regarding products or services on the web, they mostly use search engines. Google, Bing, Yahoo, etc are some of the popular search engines people use.
#15. Social Media Consulting
Almost every person uses Facebook, Twitter, LinkedIn, and Pinterest these days, and many companies are ready to pay people to get the service of their social media account management. Social Media Consulting is one of the highly profitable internet-based business ideas for women entrepreneurs.
#16. Software Developer
Developing customized software development is a very profitable venture for IT professionals. In business, software plays an important role in providing solutions. You can start this business at home too. Proper marketing planning is important before getting into the business.
#17. Web Designing
A web designing business opportunity is perfect for those who are professional expert in website designing and has a basic knowledge of HTML coding, graphics designing, and copywriting. The different areas of web designing business include web graphic design, interface design, user experience design, web development, and search engine optimization.
#18. Create an Online School
More and more students are showing interest in online education. As a result, a lot of educational institutions are switching to online modes of teaching. If you have the necessary experience in technology and running an educational institute, consider creating an online school. It is without saying, opening an online school is one of the most potentially profitable tech business ideas for the future.
#19. Data Analytics
Simply put, data analytics is the process of analyzing raw data and creating valuable insights that are collected through data mining. Presently, companies are finding it increasingly difficult to explore and summarize the big data collected from a wide range of sources. If you have experience in this field, consider starting a data analytics company as there is no shortage of customers.
#20. Create a Podcast Platform
Podcasting is growing in the last few years. There are a number of free and paid podcasting platforms that are making huge money at present. If you have the necessary knowledge of creating podcast platforms, it is worth considering this business.
#21. 3D Printing
We have already seen the success of 3d printing technology in the architecture and real estate industry. According to experts, in the coming years, 3d printing technology is going to be adopted by other industries like medical especially. There is a huge scope for making money in this business vertical in the coming years.
We hope these listed tech business ideas will inspire technology professionals to start their own businesses and one does not know you can create a startup company that eventually becomes another giant software company!
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.