Friends, in this Exciting article, let’s explore the Best & Profitable Technology Related Business Ideas, which one can consider to make money.
In today’s ever-changing world, there are lots and lots of opportunities to become an entrepreneur.
1. You just need an Exciting, Innovative Idea.
2. Merge that Idea with Technology, in order to build/develop a great product or service.
3. Start Offering your Product/Service to interested customers.
4. And thus, you can make good money in the process.
In this article, we discuss some of the best and most profitable technology related business ideas, which can help you to make money.
Profitable Technology Related Business Ideas.
1. Application Developer.
You can consider becoming a Mobile applications developer Or computer applications developer.
This field is Growing Exponentially, and there are numerous opportunities for any Technology savvy entrepreneur to make lots and lots of money.
With the increase in popularity of mobile phones and personal computers (which include desktops, tablets, and laptops), it seems that there is an app for everything.
Requirements:-
– If you have knowledge about Development/Coding,
– Or, you can devote the time to study and be proficient in making an app, then the world is open for you with limitless possibilities.
You just need to Focus on a Few Ideas, and build Mobile Apps Or Desktop Apps for them.
– You need to do the Initial hard work of making the Mobile Application/ Desktop Application
– Promoting the App.
– And regularly maintain/update the app.
– And in time, you will see that you can earn a lot of money.
The Various Avenues, through which one can earn money through an app are:-
– Through In-app advertising.
– Affiliate marketing.
– Subscription-based models.
– Or directly putting a price tag on the app, i.e, people need to purchase the app and then they can download it on their mobile phones or desktop.
As per your liking, you can start making apps either for the Android platform Or the IOS platform. It is purely your decision, but you need to be entirely focused, consistent and patient, before you can see the results pouring in.
Important:-
– Before making an app, you need to come up with good ideas, which can help to solve any particular problems.
– In case you are able to offer convenience to a lot of people, Or are able to solve any of their problems through your application, then your App will be a great success.
Let us see some examples of Mobile applications, which have become great businesses. You can also try to come up with great & Profitable Tech related business ideas like these:-
2. Creating a Food Delivery Application.
For Example:- UberEats, GrubHub, etc.
They do not own any restaurants. But they use the power of technology to provide excellent service to customers.
One just needs to install the app on their mobile, and whenever they feel hungry, then they can just open the app and order from the restaurant of their choice. The food will be delivered to their home in some time.
3. Creating a Cab Booking Application.
For Example:- Uber, Lyft, etc.
These Cab/Taxi booking companies do not own any taxis. They use technology to connect consumers with service providers and make money in the process.
Anyone in the world can use the cab booking app on their mobile, to book a short, or a long journey.
4. Creating a Hotel Booking Application.
For Example:- AirBnb, Booking.com, Hotels.com
They also do not own any hotels/any accommodations. But use the power of technology to connect prospective customers with property owners, all over the world.
This is very useful for both domestic as well as international travelers. By using such apps, they can explore a variety of options, check various features, prices, etc., and can book accommodation even while they are traveling.
5. Creating a Stock Trading Application.
For Example:- RobinHood, etc.
Through their App, the stock broking companies are offering convenience for their customers.
People just need to log in to their mobile app, check information about various companies, and are able to easily buy and sell shares from the comfort of their homes.
6. Creating a Payments Application.
For example PayPal, Google Pay/GPay, Apple Pay, etc.
Through a payments app, people have the convenience of making payments easily and securely, right from the comfort of their homes, through their mobile phones.
And in the process, the Application Developers can make money, lots of money.
Additional, Profitable Technology Related Business Ideas.
7. Start Selling Themes and Plugins for WordPress.
You can sell either through your own website or through any related Ecommerce platform.
– There are literally millions of blogs, which run on WordPress.
– And there are millions of people, who want to start their blog and they need to install and start using WordPress for the first time.
So, the potential for selling your WordPress Themes and Plugins, is extremely huge.
As with any of the Profitable Technology Related Business Ideas, here also:-
– You have to put in the initial hard work of making a good plugin Or a theme. (Or you can also get it done through a good developer).
– And after that, you need to devote your time and energy to promote them, either through your own website or through any Ecommerce website.
This is a good source of earning passive income also, because once your popularity grows, then sales would be happening on autopilot, and you would be earning a good amount of money.
8. Start a Podcast.
Starting a podcast is very easy nowadays. There are many platforms, which allow you to create your own podcast.
You need to provide valuable information to your listeners, so that they look forward to tune-in, to listen to your podcast for interesting content on a regular basis.
You can conduct interviews, provide news, or some informative content like:- On Health, Finance, Motivation etc. The list of topics is endless.
The main thing is that – you can harness the power of technology to reach out to a large audience and thus make money in the process.
Some of the ways in which you can make money through podcasting are:-
– You can sell your own courses.
– You can promote other brands and get paid.
– etc.
9. Make a Blog.
Your blog should be focusing exclusively on current as well as upcoming/future technologies.
For example, you can write about Electric cars, or about 3D printing, or about Space Travel, etc.
In order to make money from your blogging efforts, you should concentrate on providing informative, exciting, and valuable content to your readers, so that they keep on coming back to your blog to read more content and they can also refer to your blog to their friends and family.
Thus, over a period of time, the popularity of your blog would grow exponentially through only word-of-mouth advertising.
And once you have a good base of readers for your blog who like reading it, and also trust your advice, then you can explore numerous ways to make money from your blog.
For example:-
– Through Advertising (Adsense, Media.net etc).
– Affiliate marketing.
– Sponsorships.
– Etc.
For complete knowledge about blogging, do check out our detailed guide on How to start a blog and make money from it.
Read More:- Complete Guide on How to Start a Blog and Make Money Online
10. Start Selling Website Hosting Services.
– With a high budget, you can start your own hosting company,
– Or, if you have less budget, then you can become a reseller of any good hosting provider.
11. Customized Software Developer.
You can have a tie-up with various Organisations/Industries and can create Exclusive Softwares for them, which they can use to manage their day-to-day operations like Production Dispatches, Invoicing, etc.
Every organization is different and has different requirements. So, the scope of work and consequently the earnings potential is huge.
12. Develop CRM Software.
In a similar way, you can also develop your own CRM software, that is “Customer Relationship Management” software.
Every industry and every business is interested in:-
– Getting More Customers.
– And Retaining those customers.
– Providing them with Good Customer Experience.
So, by making/offering good CRM software, you can help businesses:-
– To effectively record the sales leads.
– And to effectively follow up with their customers.
Having a good CRM software helps a company to retain it’s customers, and do timely follow-ups with them. Thus, this can be a very good and profitable business idea to start with.
You need to know coding, which will help you to develop good software, Or you can hire a good team of software developers.
In this way, you can manage the marketing as well as the day-to-day business operations, and your team can take care of software development, deployment as well as maintenance.
13. 3D Printing.
By combining your passion for technology with your design-related knowledge, as well as your creative skills, you can have a great business in the field of 3D printing.
3D printing offers numerous exciting opportunities in a wide variety of fields, for example:- automotive, construction, architecture, etc.
And the demand is also increasing. So, this business has great potential for the foreseeable future.
Requirements:-
– You need to have good knowledge of the design-related softwares.
– You should have good creative skills.
– You should know how to operate and troubleshoot 3D printers.
– If your budget is less, then you can start by offering your design and consultancy services to various industries.
– But, if you can invest in a good 3D printer then you can yourself provide prototype services to the customers.
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14. Computer Hardware and Software.
There are many ways in which you can make money in the field of computer hardware and software.
For example:-
– You can offer your services to various industries for setting up their entire computer-related infrastructure.
– You can offer Annual maintenance services for computer installations, for both businesses as well as for residential customers.
– You can take up a franchise of any good brand of computers, and based upon your budget, you can either do wholesale/retail of the same.
15. CNC Machining Business.
CNC stands for Computer Numerical Control.
This can also be among the top and most profitable technology related business ideas for Mechanical engineers, who love to work in manufacturing industries.
There is a great demand for producing products with exact specifications and with close tolerances. That is why, CNC machines are increasingly being used in a number of industries. For example, in Automotive, Railways, etc.
As an entrepreneur, there are various avenues to make money in the field of CNC machining, like:-
– Become a dealer for some good company and start selling their machines.
– Set up your own factory and provide CNC machining services for other customers.
– Provide Design and programming services related to CNC machines.
16. Design Consultancy Business.
A similar business idea can be to provide Design related consultancy services to various manufacturing companies.
If you have good knowledge about softwares like AutoCAD, Solidworks, 3D printing techniques, etc., then you can become an Independent Design Consultant.
Every manufacturing company needs Experienced, good design people, who can help in creating Engineering Drawings, Die/Pattern designs, 3D Models etc. so that the production processes can go on smoothly and efficiently.
So, in case you have a flair for creativity and design, then this can be a good technology related business idea to explore further.
17. Video Games Developer.
This is another great & Profitable Technology related business idea, where you have the potential to make enormous amounts of money.
Your market is worldwide, and you can reach your target customers through the internet, mobile phones, computers, etc. and they can access your Video Games anytime, anywhere.
You need to do the initial hard work of developing a good game and promoting it.
If you know – How to Code, then it is great, Else you need to employ developers to build, maintain and update the games on a regular basis.
As a Video Games developer, you can earn money through a lot of avenues.
– Directly selling the video game for a fixed price.
– Offering monthly subscription service.
– In-game advertising.
– Selling products within the game.
– Affiliate marketing.
Read More:- Ultimate Guide on How to Start Affiliate Marketing Business and Make Money Online
18. Drones.
This is an exciting field. There would be an increasing demand for drones in the coming times, as they can be used in numerous applications.
For Example:-
– Farmers can use them in their fields.
– Ecommerce companies can use drones for delivering products.
– Drones can be used for general surveillance of any particular area.
– For Gaming/Sports.
As a technology-savvy entrepreneur, you can make money in this field by:-
– Designing new drones.
– Selling drones.
– Providing software-related services for drones.
19. CCTV Cameras / Surveillance Cameras.
Installing security cameras makes work convenient as you can watch a particular location, in your mobile phone only, without the need to be physically present there.
Thus, there is a need to install cameras everywhere. In homes, offices, factories, warehouses, on roads, etc.
As an entrepreneur:-
– You can either start manufacturing your own cameras,
– Or you can take a franchise of any good company and start selling their CCTV cameras.
You need to have good, experienced, and tech-savvy people in your team, who can install the cameras and can solve all the customer queries regarding regular operations and maintenance.
20. SAAS (Software as a Service).
A simple example of SAAS (Software as a Service) can be:-
1. You can design a particular Invoicing Software for companies/Personal Finance Software for Individuals, which can be accessed through the cloud.
2. Companies/Customers can pay a monthly subscription to use the software, and thus you can make money from the same.
Offering software services through the cloud has many advantages.
1. You can update/modify the software, and it would be immediately available for use.
2. Also, your customer base can be worldwide, as people can access it from anywhere in the world.
21. Cloud Consulting Business.
As mentioned in above point, cloud computing has a number of advantages, which you can explain to your prospective customers.
1. They can access their Data from anywhere in the world.
2. They can work on Apps and related Software, from anywhere in the world.
3. The security concerns are taken care of by the cloud provider. Only the company and its authorized personnel have access to their information.
With quite a lot of advantages, the popularity, as well as the demand for cloud computing, will be increasing exponentially in the coming times.
You need to have very good knowledge about this field, and information about the various cloud providers.
Thus, by starting your own cloud consulting business, you can use the power of technology to make money.
22. Making Websites.
Nowadays, Every Business Needs To Be Online.
But many people/organizations don’t have the time to make websites in-house, because this is not their core business.
So, there is a Huge Potential in this area.
1. You need to be proficient in all aspects of website designing/you need to have a good, experienced team.
2. Then, you can start offering website designing services to various companies/people.
3. In addition to making a new website, you can also offer AMC (Annual Maintenance Contact/Services) for websites, i.e, for a fixed annual payment, you will be taking care of their website for the entire year.
If they need any updation, changes, Or troubleshooting for their website, then you can provide the same.
4. Using the power of Technology, you can offer website-related services all around the world, without even leaving your home/office.
You can discuss with your clients over video conferencing and complete their requirements online.
5. As you keep on providing valuable service by making interesting websites for your clients, your popularity grows and you can earn a lot of money.
Thus, by learning and implementing such customer-focused and highly profitable, technology related business ideas, you can establish a sustainable business for the long term.
In Fact, making and offering websites is among the Most Simple Digital Marketing Business Ideas, which one can easily start as a part-time venture, and based on your Hard work, Dedication, and Patience, it also has the potential to become a full-time career.
Read More:- Top Digital Marketing Business Ideas to Make Money Online
23. Robotics.
Change is happening constantly, all over the world.
The majority of the manufacturing industries are moving towards automation, and robotic machines are used extensively. Be it for welding operations, or for assembly operations, etc.
If you are an engineer with adequate experience in the field of robotics (which includes programming, designing, etc.), then this can be a good time to start your own business.
In the coming future, the demand for automation and robotics would be increasing exponentially, in a wide variety of industries. So, you have the potential to earn a lot of money, through these highly profitable technology related business ideas.
24. Data Entry Business.
Every business requires routine work to be completed, like Spreadsheet entries, Normal Typing jobs, Scanning, etc.
To be successful in Days Entry Business, you need to have:-
– Good organizational skills.
– Good time management skills.
– Qualities of Patience, Dedication, and doing consistent Hard Work.
– Initial marketing is required for promoting your business.
As a business owner, you need to be in constant touch with companies for their routine work and make sure that you/your team submits the completed work within time.
25. Internet Security Business.
The Internet is everywhere.
Almost everyone uses the internet in their daily lives.
And with increasing usage of the internet, there is also an increased demand to keep all systems secure from Viruses, Malware, etc., so that the data is secured and everything is running smoothly at all times.
So, Internet Security Business can definitely be considered among the highly profitable technology related business ideas.
In order to be successful in this business,
1. You need to have extensive knowledge of:-
– Cybersecurity.
– Good Command over Programming Languages,
– As well as Coding.
2. You, and your team also need to be proficient in time management as well as in troubleshooting.
As you might get urgent calls from your customers at any time, during the day/night. So, you need to be available and ready to solve their problems at all times.
You can:-
1. Offer your services to companies, to manage their internet infrastructure, so that their systems remain protected at all times.
2. Develop your own anti-virus softwares, and sell them.
3. Sell the Anti virus softwares of other companies.
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Some More Profitable Technology Related Business Ideas.
26. Dealing in Electrical and Electronic Items.
Electronics will always be in demand. And various companies are coming up with New, Innovative products, at regular intervals.
Why not explore the idea of setting up a Wholesale Or Retail store business, which deals exclusively in electronic items?
For example:-
– Mobiles, Laptops, Tablets, Printers etc.
– Household Appliances, like TV, Refrigerators, Washing Machines etc.
– CCTV Cameras, Attendance recording machines.
– Electronic Toys.
– Etc.
27. Repair & Servicing of Mobiles, Computers and Laptops.
In addition to selling electronic items, you can also offer Repair and Servicing for specialized categories, like mobile phones.
– You can either open your own service center.
Or,
– You can take a franchise/dealership of any established brand. (Associating with an established brand ensures that you would be having a steady stream of customers from day one).
You would need to take adequate technical training in this field, to fully solve customers’ problems.
28. Repair & Servicing of Household Electrical & Electronic Appliances.
For Example:- TV, Washing machines, Refrigerators, Microwaves, etc.
– You can start servicing business under your own brand name, Or you can take up a Franchise of any established brand.
– This business also has great potential, because the demand for Household Electrical and Electronic appliances will always be there, and it will continue to increase with each passing year.
29. Components and Batteries used in Electric Vehicles.
As mentioned earlier, there is going to be a great demand for Electric vehicles (Cars, Buses, Scooters, Motorcycles, etc.). So, the following businesses can be explored in this field:-
– Manufacturing of components used in Electric Vehicles
– Manufacturing of specialized Batteries, which are used in Electric Vehicles.
– One can also take a dealership for selling various spare parts.
So, friends, I hope that you have enjoyed the above information, and are able to derive the maximum value and benefit from this interesting article on Top & Best Profitable Technology Related Business Ideas To Make Money.
Read More:- Profitable Business Ideas for Beginners
Read More (For Business Ideas in the USA):- Profitable Small Business Ideas in the United States of America
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