It is the advancement of technology that has made communication, whether through the phone or the computer, easier and faster. It is the advancement of technology that has made transportation faster and perhaps cheaper.
Furthermore, it is the advancement of technology that makes the manufacture of goods faster and cheaper. It is the advancement of technology that has made it possible to treat terminal illnesses like cancer, kidney failure, etc., and we can go on and on regarding the positivity that technology has brought into our world.
The tech industry is so wide and vibrant, and there is still room big enough for those who are interested in the industry to get in and make an impact. One aspect of this industry with great opportunities is the 3D printing industry.
Here are 50 business ideas in the technology industry that an entrepreneur interested in starting a business can choose from;
50 New Information Technology Small Business Ideas
Information technology-related business ideas
- Start making mobile phones
Mobile phones are used in every country in the world for calling, texting, surfing the internet, and for other purposes, therefore there is a huge market for mobile phones. So if you are looking for a thriving and profitable business to start in the telecommunication industry, then one of your options is to start manufacturing mobile phones.
Although there are various brands of mobile phones/smartphones ( Samsung®, LG®, HTC, iPhone® and Sony® et al ) in the market, if you can come up with a good competitive strategy, you will surely have your fair share of the market.
- Start making computers
Another good business idea in the telecom industry that an investor can successfully start is computer manufacturing (desktops, laptops, notebooks, etc.). It is a prosperous and lucrative business venture to undertake.
If you decide to start this business, know that you will be competing with leading brands like HP, Dell, Compaq, Sony, and other regional leading brands. but one thing is certain, their computers/laptops are durable and affordable, and you will surely get a fair share of the existing market. just make sure you adopt an aggressive marketing strategy.
- Open a comprehensive information technology store
A one-stop shop is one of the highly prosperous information technology companies that any inclined entrepreneur should consider starting. A one-stop shop is a place where people buy their computing devices, download things, buy computers and mobile phones, smartphones, and accessories, and repair their computers, mobile phones, cameras, and other computing devices.
The truth is that if your store is truly a one-stop shop, you will always smile at the bank because you are sure to attract many customers per day, especially if your store is located in a busy city.
- Start repairing smartphones
Another information technology business idea that an entrepreneur can launch is to open a smartphone repair center; a place where people can repair their smartphones, tablets, and pads. The truth is that if you can successfully secure a good location to open this type of business, you will attract a lot of customers simply because of the sheer number of people who own smartphones, tablets, pads, etc. so if you are a tech-savvy then with little training you can open your smartphone repair shop.
- Start repairing computers
Computer repair (laptops and desktops) is another thriving and profitable information technology business idea that an entrepreneur who is looking to start a business can start. All you need to do to get this business up and running is to acquire computer repair skills, buy the necessary repair tools, and then rent a shop in a good location. There is a huge market for this type of business simply because there is hardly any corporate organization where you won’t find computers and of course, computers can fail hence the need for repairs.
- Open an external call center
Towards the end of the 20th century, corporations in the United States and the United Kingdom began outsourcing some of their business to other countries such as India, China, and the Philippines et al. Call center services are among the business services that are outsourced simply because it is cheap to do so.
So, if you live in India, China, Philippines, Africa, and others and are looking to start an information technology business, then one of your options is to start an outsourcing call center business. Although this type of business is capital intensive at the same time it is highly profitable especially if you know how to look for business from multinationals who are willing to outsource their call center jobs.
- Start designing, building, and maintaining call centers
There are specialists specialized in the design, construction, and maintenance of call centers; It is a business in the information technology industry that is profitable and thriving based on the number of established call centers in the United States and of course most of the world.
So, if you are looking for a business to start in the information technology industry, then one of your options is to start call center design, build, and maintenance. Of course, you would need some certifications and training to successfully run this type of business. The business involves the development and installation of software applications for call centers, as well as the installation of hardware.
- Start a server-building company
Another thriving and profitable information technology business that an entrepreneur interested in making money can start is serving to build businesses. Servers play important roles in telephony and Internet and intranet connections in corporate organizations.
There is hardly any corporate organization where you won’t find servers (server rooms). it makes networks and business in general run smoothly. So, if you are looking to start your own related business, then one of your options is to start a server-building company.
- Sale and maintenance of equipment and machines
Selling and repairing your equipment and machines is yet another profitable and thriving information technology business that an entrepreneur can successfully launch. Your devices such as servers, computers, fax machines, and routers, among others, are machines that from time to time need maintenance to function effectively and efficiently.
So if you have information technology-related training then you should consider going into the sale and service of your equipment and machines. all you need to do is be aggressive in marketing your services, especially to corporate organizations and SMEs.
- Start a telecommunications company
Telecommunications companies are active players in the information technology industry; They are known as service providers. This type of business requires a lot of capital, so the big investors are the people who take advantage of the business. The amount required to acquire the operating license of any country is quite massive.
If you are a big investor and interested in starting a business in the information technology industry, then one of your best options is to start a telecommunication company. Aside from the fact that it is capital intensive to start this type of business, you will agree that it is a lucrative and profitable business venture.
- Open an internet cafe
If you are looking to start a small-scale business in the information technology industry, then one of your options is to open an internet cafe. Although with the advent of cheaper smartphones and also cheaper internet packages, internet cafes are no longer as profitable as they used to be, however, if you strategically locate your internet cafe, you will surely attract customers.
- Start an Online Library Business (Electronic Library)
The online library is another platform where people learn different subjects at an affordable price. The Internet has made it possible for people from different parts of the world to register with the same library. The online library (e-library) is a resource center where you can conveniently conduct extensive research and study from the comfort of your home, no matter where you live in the world, as long as you have an Internet-enabled device smartphone, computer, notebook, tablets, and others).
People pay registration fees and of course membership fees to make use of online libraries. If you are looking to start a business in the information technology industry, then starting a well-equipped electronic library is one of your options. You can start your own online library (electronic library) and attract members from different parts of the world.
- Become an internet provider
You can apply for and obtain a license to become an Internet provider in your country. In recent times, the number of Internet users has increased tremendously simply due to the availability of various Internet providers. So if you are looking to start a business in the information technology industry, then one of your options is to become an internet provider; It is a prosperous and profitable business enterprise.
- Go into the manufacture of computer parts and accessories
Another thriving and profitable information technology business that an entrepreneur interested in starting a business should consider starting is going into manufacturing or computer parts and accessories. Computer parts and accessories such as computer/laptop screen, mouse, external speaker, keyboard, laptop batteries, power pack (adapters), webcams, HDMI cables, power cords, and external memory and hard drive are highly marketable.
- Go into the manufacture of mobile phone accessories
Mobile phone accessories manufacturing is yet another thriving and profitable information technology business that an entrepreneur can successfully start. There is a huge market for mobile phone accessories like headsets, batteries, phone cases, chargers,s, and Bluetooth devices among others. If you are looking to start a business in the information technology industry, then one of your options is to go into mobile phone accessories manufacturing.
- Sale of calling cards and data packages
Selling calling and data cards for different networks is another easy business to start in the information technology industry. Apart from people who subscribe to postpaid packages for their mobile/gsm phones, most people buy calling and data cards regularly.
Depending on the country you live in, there are several telecommunications companies that you can handle on your calling cards and data packages. Selling calling cards and data packages is a simple and easy business to set up that doesn’t require any skills. This type of business can thrive anywhere as long as people are using mobile telecommunications and the Internet.
- Start developing and selling software applications
As an entrepreneur-inclined who is interested in making money, one of your options is to start developing and selling software applications; There is a huge market for software applications. Develop unique applications for smartphones.
If you use smartphones, you’ll realize how useful they can be, especially when you’re stranded and need directions to a destination. There are various applications for smartphones that are very useful for our daily activities. unique apps like ‘nearest locator’; an app that can help you locate places like the nearest hospital, the nearest gas station, the nearest post office, the nearest ATM, the nearest hotel, etc.
You can think in that direction and develop your unique app that will be well accepted globally. all you need to do is search the computing world for a task and then create software to help simplify the task. For example, you can develop software that will help people manage their customer base (CRM software); You can develop software that will help people manage their payroll, accounts, online files, etc.
- Start your own social networking site
Another interesting business in the information technology industry that an entrepreneur can successfully start is a social networking site. The fact that there are several large networking websites does not in any way prevent you from starting your own social networking site. It may take time before you start making money from the site, but with diligence, dedication, and hard work, you will surely start generating income from it.
Part of what you need to do is pick a niche or zero in on a target audience that can make it easier for you to attract people to your social media site. for instance; You can start a social networking site to connect doctors and nurses, you can start a social networking site that connects people from the same ethnic groups or people with similar interests, etc.
- Offer web design services
Another thriving and profitable information technology-related business that an entrepreneur can start is offering web design services. Statistics say that there are more than 350 million active websites on the Internet and it is not enough to satisfy the demand of the people who visit the Internet; There is still a lot to learn from the Internet, therefore, people open new websites regularly.
If you know how to design a website, you shouldn’t restrict the marketing of your website design services to people you can see and visit within your location. There is a huge market within the online community waiting to be tapped. All you need to do is also list your services online and if it is good, you will attract customers from all over the world.
- Author and sell ebooks
Another easy way to make money in the information technology industry is to create and sell e-books. There are countless topics that you can write about and of course, there will be a ready market for such a topic. One of the easiest ways to make money from e-book sales is to start writing self-help books or “how to” books.
For example, if you are good with graphics, you can write a book on “how to create your own logo”. There are plenty of people who will be willing to pay for that book. E-books are cheap and easy to make, and from an e-book, you can continue to generate income as long as the information it contains is valid and useful enough. Electronic books (electronic books) are books in digital copies and can be downloaded online from anywhere in the world.
- Start an online school
Online school is another information technology-related business idea that an entrepreneur can start successfully. the concept of online learning is rapidly gaining ground; Universities around the world are starting to create online learning platforms for students from all over the world. There are various subjects that someone can study through an online school; you could be getting technical skills and a diploma and you could be getting a degree or an MBA et al.
If you are passionate about impacting knowledge, all you need to do is obtain the required license, permits, and accreditation from your country’s government and you can successfully start your own degree/diploma awarding online school.
- Open an online bookstore
Another profitable and thriving information technology-related business that an entrepreneur can successfully launch is opening an online bookstore. There are book lovers all over the world who are still interested in buying books no matter how much it will cost them.
Opening an online bookstore is another way to make money from the information technology industry. A company like amazon.com is making huge profits from selling books online and you can start something similar. You can sell ebooks, audiobooks, and print books on various topics by various authors in your online bookstore. Please note that starting the online bookstore means that you will be making shipping provisions.
- Start blogging
It is safe to classify blogs in the information technology industry simply because the internet is the main tool required for blogging; Blogging is all about educating or conveying information to people through an internet portal. Blogging is one of how various people around the world are making money from the internet.
Blogging is about creating useful and perhaps educational content for a specific audience on the internet. If you think you have good knowledge on a particular topic, you can earn money by sharing your knowledge with a wide range of audiences through your blog.
This is how it works to make money with blogs; If you have good content on your blog, a lot of people (human traffic) will visit your blog. The more traffic that visits your blog, the more money you will earn. If your blog attracts huge traffic, you can attract advertisements from major corporate organizations. You can also earn money from your blog through AdSense by offering subscription services to members and also selling your products through your blog.
- Car tracker installation and repair business
Another trending and highly thriving and profitable business in the information technology industry is the car tracker installation and repair business. global statistics show that the need for car tracking systems in cars is on the rise due to how efficient it has proven to be and in fact, most transport operating companies will not allow their cars to hit the roads until a vehicle tracking system has been installed on it. Ever since car tracking systems emerged, it has become very easy for fleet operators to conveniently manage their fleet of vehicles.
With the advent of this device, investing in transportation, transportation and logistics business and even ambulance services has become a profitable venture because the tracking device helps keep drivers in check, monitor fuel consumption, and distance traveled, and also ensures the safety of the vehicle.
- Start an IT networking company
It is rare to see a corporate organization without a computer and perhaps an internet facility; The advent of the computer and the Internet has given businesses a boost. Computer services and networking is another information technology business that an entrepreneur who is interested in starting a business should consider starting. There are several organizations, especially SMEs that generally contract the service of their computers and networks to providers.
It is cheaper for them to do so than against employing a specialist to handle the paper. So if you are a computer engineer, then you should consider starting a computer and network services business; In fact, it is a prosperous and profitable business enterprise.
- Start making internet devices (modem, mi-fi and reutter et al)
Another profitable and thriving information technology business idea that an entrepreneur who is interested in investing in the technology industry should consider starting is internet device manufacturing. At present, internet devices like internet modems, mi-fi and Reutter, and others are in high demand in the United States of America and course most of the world. So if you are looking for a business to do then this business idea is one of the options that you should adopt.
- Open an online boutique
It is safe to classify online boutiques in the IT industry because the main online boutique platform that it uses is the internet. If you have eyes for good fashion and you are interested in starting an online business and you don’t have all the money in the world to rent/lease a facility for a conventional bricks and mortar boutique, then start an online store. online is your best bet.
Online boutique influences brick-and-mortar boutiques. If you run an online boutique, your customer will not be restricted to people within the city where your boutique is located, but people from all over the world. all you need to do to maximize your online boutique is to arrange for cheaper and more reliable shipping services. If that is in place, people from all over the world can conveniently patronize your boutique.
- Start publishing information technology magazine
Another thriving and profitable business that an entrepreneur looking to start a business in the information technology industry should consider starting is information technology magazine publishing. when it comes to generating revenue, magazine companies take advantage of selling their magazines on the newsstand from the ad to interested parties and, of course, to signers – to prepaid subscriptions and when it comes to magazine distribution.
Most magazine publishers make use of the mail system, bookstores, strategic kiosks, registered suppliers, and selected collection points, among others. Beyond any reasonable doubt, competition in the magazine industry is high, but one thing is for sure: if you can set a standard in the industry, you are sure to get loyal and engaged readers who wouldn’t mind paying the annual subscription fee. in advance.
- Start a technical information tv show
Another business idea in the information technology industry that an entrepreneur who intends to start a business in the industry should consider starting is starting an information technology-related TV show. Although there are several TV shows related to information technology, that in no way prevents you from starting your own.
If your television show is well organized and packaged to address key information technology issues, it is sure to attract a large number of viewers and course sponsorship deals from the major players in the information technology industry in your area. country. It’s a great way to earn money, but you should always be vigilant when developing content for the TV show.
- Start an information technology talk show on the radio
Of course, it is more expensive to buy slots on TV than on the radio. So if you’re looking to start an IT-related talk show and don’t have the finances to buy TV airtime, then going to radio is your best option.
The truth is, if your radio show is well organized and packaged to address key IT issues, it will showcase a huge audience and of course sponsorship deals from the major players in the IT industry. in his country. It is a great way to earn money, but you should always be vigilant when developing content for the radio show.
- Author information technology books
If you are in academia and you happen to be in engineering or technology or related information departments and any department looking towards starting a business in the information technology industry, then one of the options is the author. information technology-related books.
It’s a great way to earn money, especially if you’re a renowned teacher, doctor, or professional in the information technology industry. In addition to creating textbooks that can be used for your related qualifying and certification exams, you can also write an information technology self-help book that the average person may find useful in their personal and business life.
- Start organizing technical information fairs/exhibitions
There are many players in the information technology value chain looking for platforms to showcase and market their products and services to their target market. One such platform that they can take advantage of is information technology fairs/exhibitions; A place where entrepreneurs and organizations in the information technology industry can attend to promote and market their goods and services.
So if you are good at organizing events and interested in starting a business in the information technology industry, then one of your options is to start organizing information technology fairs/exhibitions.
You can organize this event at the city, state, national and international levels. The truth is, if the IT fair is well organized, it is sure to attract not only IT industry startups but also major players in the industry.
- Open a phone booth/call center
If you are looking for a small-scale business to start in the information technology industry, then opening a phone booth/call center is one of your options; A place where people can pay to make calls. This type of business is profitable in places where it is expensive to make international calls and even local calls.
All you need to start this type of business is a phone booth/mobile phone and a good location. This is another great way to earn money. Make sure you have enough phones that can meet the needs of your customers as they travel around your workplace.
- Start a rental service for information technology devices (projectors, computers, etc.)
Another easy, thriving, and profitable information technology business that an entrepreneur can successfully start is an information technology device rental service. Devices like projectors, computers, teleprompters,s, and others are information technology devices that are in high demand.
All you need to do to launch this type of business is to conduct a market survey to know about the various information technology devices that are in high demand so that you are well guided while buying the information technology equipment. the information you want to list for rentals.
- Start a mast building and installation company
The construction and installation of masts is another technical form of prosperous and profitable business in the information technology industry. So if you are considering starting a business in the technology industry, then one of your options is to go for mast building and installation.
Keep in mind that you would need engineering skills before you can successfully launch a mast building and installation company. You must make your business known to one and all. One of the ways through which you can do this is through rigorous advertising. It will always be necessary to have good marketing plans at all times.
- Enter fiber optic cable installations
Fiber optic cable installation is another thriving and profitable form of business in the information technology industry. Fiber optic cables are used in the information technology industry by the telecommunications industry for Internet and other data transfer. So, if you are looking to start a business in the information technology industry, then one of your options is to go into fiber optic cable installations for telecommunication companies.
- Develop antivirus for smartphones and computers
If you are a software programmer, one of the information technology-related business ideas you can pursue is to develop antivirus for smartphones and computers. Once you are successful in developing effective antivirus software, you are sure to make effective cash from the software, especially if you know how to launch it in the market. It is a thriving and profitable business that a tech-savvy entrepreneur should consider starting.
biotech-related business ideas
Biotechnology can be simply defined as the application of technical advances in life sciences to develop commercial products. A biotechnology company is any company whose services or products are designed, manufactured, or delivered with the aid of biotechnology methods. any technological application that uses biological systems, living organisms, or derivatives, to manufacture or modify products or processes for specific use as classified in the biotechnology industry.
- Open a laboratory for cloning and improving (plant and animal breeding)
Cloning and enhancement lab is one of the promising businesses in the biotech industry that an entrepreneur who is interested in the industry can successfully start. Cloning and breeding laboratories are involved in improving the traits of plants and animals by making use of biotechnology as in the past when traditional methods such as cross-pollination, grafting, and outcrossing are used. it is an advanced business and it is a business reserved for key professionals in the biotech industry.
- Start a fertilizer production company
Organic and non-organic fertilizers are necessary for the agricultural sector and they are all products that are partly from the chemical industry and also from the biotechnological industry. There is a huge market for this type of business. there is hardly any country where agriculture is not encouraged; In fact, the government of most countries subsidized fertilizers to farmers in their country to encourage people to take up farming.
So if you are considering starting a business in the biotech industry, you may want to consider going into the production of organic and non-organic fertilizers. The easiest way to make it pretty big in the fertilizer manufacturing business is to win over the government of your country. In most countries, the government is always the largest customer of fertilizer products.
- Start a Pharmaceutical Manufacturing Company
In the production of some medicines, biotechnological processes are used, therefore it will be safe to classify the medicine production business in the biotechnological industry. So, if you are looking to start a business in the biotech industry, then you have the option of opening a pharmaceutical manufacturing company.
It is a highly profitable and prosperous business, although it is a highly regulated business. If you want to start this type of business, then you will need to apply and obtain the necessary license and permits from the government of your country.
- Enter the production of electronic cigarettes
Another thriving and profitable biotech business that an entrepreneur should consider starting is to go into the production of electronic cigarettes. Before entering this type of business, he should confirm with the relevant authority in his country to ensure that he can successfully start an electronic cigarette production company.
- Starting an Industrial Strength Fiber Production Company
Industrial strength fiber production business is yet another biotech business that an entrepreneur who is interested in the industry can successfully start. Industrial strength fiber is used in the production of bulletproof vests et al.
- Enter the production of biofuels
Biofuel production is another thriving and profitable business in the biotech industry that an entrepreneur can successfully start. Just make sure you do thorough feasibility studies and market research before going into this type of business. Handling chemicals sometimes at night requires a high level of care. This is where the need to hire experts and those who have garnered experiences in the past come to the fore,
- Go into vaccine production
Another thriving and profitable business in the biotech industry that an entrepreneur can successfully start is to go into the production of vaccines. Vaccines are very useful when it comes to disease prevention, disease control, and of course in the public health department.
This is undoubtedly a large industry as the competent authorities would issue several permits and licenses before you are allowed to start trading. It also requires a large number of startup funds. Some of the ways you can get funds include; bank loans, angel investors, and savings.
- Enter the production of nutritional supplements
The production of nutritional supplements is another thriving and profitable biotech business that an entrepreneur can successfully start. In a bid to improve the immune system and human health, scientists are now producing genetically enhanced foods that contain nutrients known to help fight disease or malnutrition. So, if you are looking for a business to start in the biotechnology industry, then one of your options is to go into the production of nutritional supplements; In fact, there is a large global market for nutritional supplements.
- Pesticide resistant crops
Scientists are working very hard to make our world a better place and to simplify the production process in agriculture, medicine, and other related fields. So if you are interested in starting a biotech-related business, then one of your options is to create pesticide-resistant crops. It is normal for farmers to use pesticides to kill pests on their farms and sometimes pesticides can affect crops hence the need for pesticide-resistant crops.
- Pest resistant crops
Another biotech business that is similar to pesticide-resistant crops is pest-resistant crops. Scientists have been able to make crops resistant to pests. it means that pests cannot eat such crops, therefore there will be no need to apply pesticides when such crops are grown. So, if you are interested in the biotech industry, then one of your options is to go into the creation of pest-resistant crops.
- Go into celluloid production
Celluloid is used in film production, and there is a large market for this product. Undoubtedly, celluloid production belongs to the chemical industry and also to the biotechnological industry. So if you are looking to start a business in the biotech industry, a business that requires a certain level of professionalism and training and a thriving and profitable business, then one of your options is to go into celluloid production.
Of course, if you are interested in this type of business, you should keep in mind that your target market is filmmakers, so you need to develop your marketing strategy to attract them.
- Start recycling medical waste
The medical waste recycling business is yet another thriving and profitable business that an entrepreneur who is serious about making money from the biotech industry should consider starting. Indeed, the recycling industry is a thriving industry, therefore medical waste recycling will not be an exception. So if you are considering starting a business in the biotech industry, then one of your options is to start a medical waste recycling business.
- Enter the manufacture of optical fibers
Lastly, another thriving and profitable biotech-related business that an entrepreneur interested in starting a business should consider starting is optical fiber manufacturing. Fiber optic cables are used in the information technology industry by the telecommunications industry for Internet and other data transfer.
So, if you are looking to start a business in the information technology industry, then one of your options is to go into fiber optic cable manufacturing. Its main market is the telecommunications industry.
There is no denying the fact that those who have started small in this industry have gone all the way learning the ropes and cutting their teeth big time in this trade. This is something that you too can comfortably achieve. however, it becomes really necessary that you have all the knowledge and skill that is required of you. Some of these skills and knowledge are such that you can acquire by sitting under the tutelage of an expert, while others can be acquired online through technology.