Any entrepreneur planning to make it big in the field of business ought to look out for strong Tech business ideas. This is partly because it is a high-income generating field with an even bigger potential to generate a successful business entity. Numbers never lie, and according to statistics released by business standard, in 2019, the tech industry generated an estimated total of 1.8 trillion dollars in the United States alone. It is further projected that worldwide, the IT market is expected to amount to approximately 1,911.2 billion U.S. Dollars by end of 2022.
These numbers go a long way to show you that tech is the next big thing if it isn’t already. Therefore entrepreneurs are bound to look for opportunities in the industry with hopes of getting some of the big cake. This article is purposed to guide these entrepreneurs on the best options when it comes to tech business ideas. And while ideas evolve faster than anything alive, we have made sure to add businesses that are expected to make it big for years to come.
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Gadget Rentals
Innovation and tech development have led to the indisputable need to have access to a gadget or two. This is majorly because these gadgets make life simpler, right from our day-to-day activities like sleep tracking to the simplest of things like communication. While this is valid, it is also known that particular gadgets are needed to execute specific tasks in a short period of time before they are put away for a while.
Think of it this way, you need your mobile phone every day, but you might have little use for a drone, camera, washing machine, or total station after you are done for the day. Therefore a good tech business idea is to own these gadgets to rent out just like libraries rent out books. Be sure to conduct market surveys to see which gadgets people within your target market use most.
Photography and Videography
With the rise of bloggers, online meetings, and the huge demand for photography and videography, you need to get started with this business idea as soon as possible. This common trade has been vastly adopted by young people all over Africa and beyond. It is therefore not a good idea if you aren’t good with competition and heavy investment. When it comes to this, you are most likely to reap big if you heavily invest as photographers and video producers with the latest gadgets get the juicy gigs.
Photography and videography also demand skill, patience, and a teachable attitude because while everyone can take a picture and record a video, few people can take a good picture or thoroughly edit a video.
Web design
Web design is one tech business idea that never runs out of style. Every business needs a professional website for building its brand and as a result, web design is diversified into many categories like graphic design, interface, copywriting, SEO, and UX design. The skill that you need to master, is to learn how to design a website and other website basics and you will be set off on a journey of a millionaire. Therefore it is advisable to take the numerous short courses on web design that are available for free all over the internet. This will equip you with the required skills to reign in this field because as earlier mentioned, almost everyone and every business require a professional website. Luckily enough, with this skill, you are set to go in companion with your PC and WiFi.
Robotics
Robotics is a catch-all term that consists of mechanical engineering, electronic engineering, information engineering, and computer science. Robotics invents machines that move and react to sensory input.
The Robotics industry is estimated to expand from$ 80 billion to $ 200 billion by 2025. People have invested a lot into this industry because it involves creation meant to ease man’s work. It is therefore not too late to take a shot at this booming trade. There are numerous tutorials all over the internet aimed at making people better at the skill of creating robots
If you have an interest in this particular trade, some of the popular Robotics YouTube channels you need to check out include KUKA Robot Group, BostonDynamics, ABBRobotics, and VEX Robotics.
Influencer Marketing
Influencer marketing is carried out using various social media platforms like Instagram, Facebook, and Twitter among others. Its mode of operation involves companies hiring digital marketers or influencers to push a product or service and coerce prospective buyers to take an interest through social interactions. An influencer should possess unique knowledge that can launch a business by gathering social media following and connecting with other brands.
Generally, it involves using social platforms to influence or coerce buyers toward choosing a specific brand. It encompasses copywriting, graphics, and social media management.
Podcasting
Podcasting is a free internet service that permits users to pull audio files from a podcasting website to listen to on their gadgets. You could call it a radio program over the internet. Tech fanatics like to be in the know of the latest releases, vs. comparisons, upgrades, speculations, and anything tech related. There are not many better ways to get that information out there if not by starting a tech-related podcast.
Podcasting however demands patience and investment of time as it takes a while to draw an audience.
Read Also: Best 5 Tech Podcasts that Every Technophile Should Listen to
Wrap up: Tech is the next big thing. During the pandemic times, businesses that thrived and stood the test of time are businesses that have some aspect of technology. If you are looking for a business idea, employ some tech aspects in your business plan.