Thousands of entrepreneurs launch their businesses every year, but only a few take a futuristic approach. Those who fail to take a futuristic approach, risk closing down in the next few years.
Are you interested in starting futuristic business ideas?
If you are looking for a futuristic business, you have come to the right page. This post features futuristic business ideas for 2023 and beyond.
We'll show real-world examples of other futuristic business ideas from entrepreneurs we interviewed to help you see what it takes.
Here's the full list:
1. Start a NFT marketplace
An NFT marketplace is an online site for crypto-collectibles and non-fungible tokens where traders can buy-sell and discover exclusive digital items.
Launching an NFT marketplace requires setting up a blockchain network, integrating a chosen digital wallet, and creating smart contracts. Finally, you need to build a customer-facing web application.
Experts estimate that NFT marketplaces will continue experiencing a YoY growth of 30.72%.
Therefore, NFTs are becoming some of the most profitable blockchain-based experiments.
I’m Bruno, and I used to be a web developer in a past life. In 2015 I join the blockchain movement as Ethereum entered the scene and have been building Web3 products and teaching people about Web3 ever since - from having worked on Ethereum 2.0 for a while to being engaged with Web3 Foundation presently, and developing an NFT standard on top of Polkadot and Kusama.
Last year I formed RMRK, a standard to build NFTs on Polkadot and Kusama and my team developed singular.rmrk.app as the minting and trading UI for the ecosystem. Throughout our development journey, we accidentally built the most advanced NFT system in the world. Right now, the volumes are around $1 million per month, which is a lot given that the Singular UI project itself is only a month old :) Our revenue is $30k per month right now, projected to be around $500k annually by the end of 2021.
2. Start a crowdfunding platform
Raising money for your project can be difficult. Crowdfunding is one way to get funding through a large number of smaller investments. If you have some expertise in a particular area that may be useful to other people, there's no better time to take action. The crowdfunding revolution is happening right at your fingertips.
Crowdfunding has exploded over the past year, and you need to be a part of it. The Worldwide crowdfunding market share is expected to increase by $240B from 2021 to 2026. Crowdfunding is one of the quickest ways to get funding and build your brand.
My name is Howard Marks. I am the co-founder and CEO at StartEngine, a leading equity crowdfunding platform that allows everyday people to invest in startups and entrepreneurs to raise capital from the crowd.
StartEngine has helped more than 265 companies raise capital from a community of over 190,000 users on our platform. Those companies have raised close to $100M and include every type of business from electric bikes and solar panels to movies and open source voice assistants.
3. Start a subscription box business
A subscription box business is a type of business where customers subscribe to receive a niche set of products on a monthly basis. Subscription boxes are in high demand today as customers enjoy receiving a variety of products from various brands.
Some of the benefits of starting a subscription box business are:
- The revenue is predictable as it is a recurring business
- Adds more value to customer service as this creates a unique shopping experience
- Customers can access exclusive products and also customize them based on their interest
- Profit margin can range from 40%-60%
You can start a subscription box business by understanding the real market needs. Because of its highly competitive nature, finding your niche and providing quality products based on your customer's interests is important. Additionally, it is important to decide what items should go in your box. The box's quantity, size, and design are crucial to grabbing the customer's attention. Apart from the basics, you should also make sure that the items are bright and colorful.
Lastly, building a good relationship with the fulfillment companies will be profitable as this business is a routine task. For example, if you have 100 subscribers, you will need a service to pick up and deliver your products. In addition to this, marketing your service can be an advantage. To promote the service, you can build your website and create special offers to attract and retain customers.
I’m Lindsay Scholz, and I’m the founder of Vowed Box Co. – a line of curated, quirky gift boxes with non-traditional brides in mind.
Since the brand is still in its infancy and we’re still working through wholesale costs, my monthly income is roughly $600. For being a side business, I look at any profit as a win, but of course, the goal is to see this grow in 2019!
4. Create a NFT
An NFT is a Non-Fungible Token - that means that each token is unique and can't be replaced by another token.
NFTs are a new way to create digital assets that are limited in quantity. Every time someone buys the NFT, they get the ability to use it in their game or app and they also get a share of the profits from any future sale of this asset.
Want to create your own? The three best tools for creating NFTs are Scryfall, NFT.club, and CryptoKitties.
- Blake Jamieson is a 36 years old portrait pop and NFT artist located in Brooklyn, NY.
- He redesigned 20 storied baseball cards for Topps' Project 2020 campaign 2020.
- Jamieson made $46,000 in 6 weeks in 2021 by selling his works of art as NFTs, and he doesn't appear to be slowing down.
- He started reinvesting the Ethereum he earned from selling his own works to the neighborhood and other artists.
Read the full story on theouterrealm.io ➜
5. Create a digital wallet app
A digital wallet is a financial transaction application that runs on mobile devices. In today’s digital era, people demand the freedom to purchase anything and be able to pay from their digital wallets.
With technological advancement, making digital payments has become easier than ever before. Anyone can use mobile payment platforms to pay and accept payments online. Therefore, creating a digital payments wallet can be a great business opportunity.
To create a digital wallet, conduct extensive market research and create a business plan. It would help if you could hire competent programmers to create a secure payment gateway.
My name is Yavor Petrov and I’m the CEO of iCard - a unique and 100% digital bank account alternative.
Since the launch in late 2017 , the iCard app got around 500,000 downloads. An increasing number of our users opt to use our accounts for getting salaries paid in because of the security tools we have embedded. Everyone has their own particular favourite feature, but spending money in a way that provides better than expected funds protection is the main conversion point and we seek any opportunity to emphasize it.
6. Start an IoT startup
An IoT startup focuses on devices connected to the internet that can be accessed remotely through the internet or a connected application.
Research what is essential to the end users to start and build a successful IoT. Leverage what is available to make the application easy to use. Then, create working prototypes, test, and build the application around the clear essential purpose.
My name is Craig Rabin, from an early age I spent his time dreaming up inventions. These are now a source of inspiration as I make sketches from my childhood a reality, thanks to 3D printing. My entrepreneurial spirit and passion started early and led me to start my first business when I was 16 years old. Since then, I’ve moved from Chicago and have gone on to create eleven companies... woo!
Since launch, we’ve shipped to every state in the U.S. and have a presence in 73 countries around the world! Plus, The Airhook has been featured in over 100 publications and was the first product in history to win Steve Harvey’s Funderdome on ABC in 2017 and won Travel Product of The Year in 2019.
7. Start a food truck
Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.
To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.
I started my career at the world-famous Century Plaza Hotel in Los Angeles Apprenticing under Certified Master Chef Raimund Hofmeister.
Food Fleet’s growth Year after year has been at an at over 30 %. From 2017-2018 we had an unprecedented 160% growth spurt. With a team of 6, including my partner and I, we managed over 20 million in sales for our clients. As an example. We took over a convention center 3 years ago managing their food truck business. For their largest event of the year, we were up 53% over the previous year. I honestly would have to equate some of that success to the under-reporting of sales by the previous operator. But the following year we were up 19% from that figure and again close to that this year. That is due in large part to our understanding of transaction times, menu mix, the equipment in each truck or pop up and other factors.
8. Start an in-home senior care service
In-home senior care services allow senior clients to live their everyday life in the comfort of their own homes.
Experienced caregivers typically customize their services based on their client’s needs - which is why seniors and families prefer this type of service, even if it costs more than a typical nursing home.
There are several different types of home care you can offer, a few being:
- Personal care services: This type of service helps clients with everyday necessities, such as grooming, bathing, dressing, and overall hygiene
- Nurse-directed care: This type of care refers to caretakers managing medication, wounds, and the overall health and well-being of the client
- Meal & Food Prep: This type of care helps prepare nutritious meals and go grocery shopping
- Transportation: Rides to the library, salon, grocery store, doctor’s office, etc.
The price you can charge depends on where you live and your experience, but this ranges anywhere from $18/hour-$40/hour.
The significant part about starting an in-home senior care business is that you do not need formal education or medical training. You can build a successful home senior care business if you have the necessary skills to do this job.
My name is Gareth Mahon. I’m the co-founder and CEO of The CareSide, a home care and nursing service provider for elderly individuals in Australia. We are based in Perth, Australia.
We launched our company in 2017. Over the past 3 years, we have scaled to $5 million in revenue.
9. Start a niche web design business
Niche web design business focuses on a specialized market such as law, home improvement, videography, fashion, etc. typically, when a web designer niches down their services, they are simply choosing to concentrate on one industry and create websites for businesses within the particular niche. To become a niche web designer, consider honing the following skills and personal qualities:
- Strong communication skills
- Analytical thinking and problem-solving skills
- Teamwork and research skills
- Attention to detail
Narrowing your focus to a particular niche gives you a higher chance of becoming a recognized expert and places you in a better position to charge more for your services.
My name is Samuel Wilson and I am the owner of The Locksmith Agency. The Locksmith Agency provides digital marketing services such as Website Development, SEO, and Google Listing optimization services specifically for the locksmith industry.
I now work with dozens of rock shops across the country and we’re making roughly $30k+ per month by helping them with their digital marketing needs such as local SEO and social media management.
10. Start an outsourcing business
Outsourcing is when a business obtains a product or a service from an outsider provider rather than building it in-house. Small companies outsource so they have enough time to attend to critical functions like production.
Many businesses are looking to outsource their non-core activities. Therefore, starting an outsourcing business in 2023 has never been more lucrative.
Start your outsourcing business, identify a niche, and develop a well-researched and complete business plan. Then, invest in the necessary equipment and technology to enable you to deliver services to the customers.
Depending on the nature of your business, you may need staff to help you with service delivery. Finally, when your business is up and running, start marketing and focus on delivering superior service to attract repeat customers.
How many times have you failed and got back up? My life has been nothing but failures, hurdles, and obstacles, and I continued to get back up. I started my first business when I was just 14, had to borrow my mom’s credit card to pay for a reseller account at hostgator.com. The plan was to get rich selling web hosting! I didn’t get rich, per se, but after losing both my parents before the age of 18, it was the only thing I had left that gave me purpose.
The business presently generates over $9M ARR with around 103 clients. Our growth rate in the past 3-years was 3,684%.
11. Become a social media consultant
Social media has become popular due to its ability to link businesses to their target customers. Social media consultants are professionals who help their clients improve, optimize and grow their social media presence.
Becoming a social media consultant comes with work flexibility and higher earning potential, but it also takes time and work commitment to grow the business.
To become a social media consultant, you must first become adept at using social media platforms and industry tools. Take online or offline courses like content marketing, public relations, and communication skills. Social media experts can choose a general practice or opt to focus on a niche.
Hi, I’m Laura Roeder, the CEO and founder of MeetEdgar, a social media automation tool.
Here’s a recent team photo at one of our biannual company retreats. This was taken in Phoenix, Arizona.
12. Start a SEO agency
An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in search engines through organic or paid means.
SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with an excellent chance for success.
It’s easier than ever to start your SEO agency. The tools are there, and the competition isn’t as stiff as it used to be. If you’re considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.
My name is Chris Dreyer and I’m the CEO/Founder of Rankings.io, LLC. My company is a hyper-focused SEO (search engine optimization) agency; we help elite personal injury law firms dominate first page rankings.
In 2018, we were #858 in the Inc. 5000 list of the fastest-growing companies in America. Our revenue is just under $300,000 per month and we’re on pace for another record-breaking year.
13. Start a mobile app development business
Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.
Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.
To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps
Hi! 👋 My name is Tim Bornholdt, and I’m a co-founder of The Jed Mahonis Group. We are a custom iOS and Android app development consultancy, and we specialize in building native mobile app solutions for businesses of all sizes.
We’ve grown at a steady pace over the past eight years. We currently work with several large and small organizations including Great Clips, Profile by Sanford Health, Green Mill, and the USA CUP. My business partner and I started the company right out of college by investing $250 each and have since turned it into a nearly seven-figure a year agency.
14. Create an online course
Online course businesses are one of the fastest-growing online business models. Creating an online course is an awesome way to generate extra income because it allows you to monetize the knowledge you already have. More people are taking online courses every day, and the COVID pandemic has accelerated that, with some online learning platforms having seen 15-fold growth in the number of users.
Another advantage is that these new platforms are so easy to use for instructors that you don't have to worry at all about the tech side of the business. You just need to focus on creating exciting content that is informational & engaging at the same time.
Starting an online course allows you to eliminate some of the huge costs associated with setting up a physical training facility, and it's a great way to reach as many people as possible.
Hey! We are Kelan and Brittany Kline the founders and co-owners of the popular personal finance blog The Savvy Couple.
We are currently on pace to make over $250,000 this year alone with our personal finance blog!
15. Start an AI-based chatbot
An AI-based chatbot is an automated program that helps add convenience for customers by simulating a natural human conversation. Chatbots interpret and process users’ words or phrases and gives an instant pre-set answer.
In today's competitive environment, businesses digitize and automate to become more efficient. Therefore, the demand for AI-based applications is high than ever before.
Therefore, starting an AI-Chatbots building application can be profitable.
My name is Pranay Jain, and I’m the CEO and co-founder of Enterprise Bot. Headquartered in Zurich, Enterprise Bot is an AI platform that utilizes machine learning to power conversational chatbots, email, and voice bots. Our flagship product is our bots, which can be tailored to fit our client’s needs.
Currently, we offer bots in English, German, French, Italian, Dutch, and Portuguese - with more to come. Our customers are wide-ranging, from e-commerce, HR, insurance, and financial services. I am extremely proud to have a team that has enabled us to grow 2x for the last 3 years consecutively and breach the coveted 2 million revenue mark with an ambition to double that again this year.
16. Become a virtual assistant
Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.
Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants have a dedicated home office where they work in a quiet and distraction-free environment.
To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.
Hi, I am Julmar Grace Locsin, and I am the owner and co-founder of Filipino Virtual Assistance by FVA Business Consultancy. FVA offers online and offline training, coaching, consulting, workshops, services, franchising-related virtual assistance, offshoring, outsourcing, and remote work for brands and businesses, here and abroad.
Our very mission is to equip freelancers, empower marketers, and enable businesses. We envision FVA for global digital leadership that will impact the world through digitalization, one life at a time. FVA has three arms, namely FVA Online Academy- have trained 25,000 students from our 31 courses, FVA Services- from training to hiring programs, and FVA Franchising with 16 Coaches assigned from different territories. And we are fifteen in the FVA team, including FVA co-founder Jay Locsin and me.
17. Start a dropshipping business
Dropshipping allows you to start your online e-commerce store without stock-keeping. Therefore, you do not need huge capital, and the risk is minimal because the manufacturer is responsible for the inventory and ships it directly to the customer. Therefore, your responsibility remains to market and offer customer service.
To start a successful dropshipping business, you need a mastery of online marketing and a focus on improving customer experience.
Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.
Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.
18. Start an automated web browser business
Browser automation is performing web browser operations automatically to achieve speed and efficiency levels that would not be possible through human intervention. With websites getting more complex, developers are turning to web automation tools to speed up operations.
As demand for web automation continues growing, starting a web automation tool can be a profitable venture.
Hey folks! I’m Joel Griffith, founder and sole entrepreneur for a business called browserless.
I’ve been building the company over the last two years, and this September we did about $28,000 in sales.
19. Start an affiliate marketing business
Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.
To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.
My name is Spencer Mecham. In 2016 I first heard about an industry called affiliate marketing and in 2017 I founded Buildapreneur, an affiliate business.
20. Start an artificial intelligence business
The global artificial intelligence market size is estimated to grow by approximately 54% YoY, reaching over 22 billion U.S. Dollars in the next few years.
Therefore, starting an AI-related business today can be a lucrative business opportunity. Are you wondering which AI business ideas you can start in 2023?
Here is a full list of top artificial intelligence business ideas you can start today.
James Bates the CEO and Founder of AdviNOW Medical has been inventing cutting-edge technology for 20 years. AdviNOW Medical has become a leader in the health technology sector, pioneering a system that synergizes artificial intelligence and augmented reality to support existing healthcare infrastructure and services while enabling the future of low-touch no-touch medical visits. It’s a technology that seems obvious in hindsight, amending a serious problem with an elegant solution.
Healthcare automation has bigger benefits, including—but not limited to—labor savings, improved quality and consistency of care, reduced waste, lower physician burnout, and increased predictability of outcomes. In fact, practices that adopt AdviNOW see nearly a doubling of the patient throughput per provider. This obviously leads to lower wait times for patients and more profitability for the practice and enables future models within the value-based care vision.
21. Start a co-working space rental business
The co-working spaces are becoming essential in the post-pandemic world. Experts estimate five million people will occupy coworking spaces in the next few years. The projections are based not only on the growth the coworking industry has experienced over the past few years but also on the sharp increase in the number of startups coming up each year.
Therefore, creating your coworking space business will become a lucrative opportunity. To create a coworking space, do proper market research to ensure you have the demand for a co-work space in your target area.
Then, focus on finding an ideal location to attract the maximum number of customers.
I’m Lucas Seyhun. I’m the founder of one of the earliest New York City coworking spaces, The Farm Soho, established in 2014. Unlike most of our competitors (don’t want to give any names), we adopted the affordable workspace model which became our fuel both before and during the pandemic.
Now we cater to all these as well as established businesses discovering the agility and cost-effectiveness of flexible office space rental as opposed to conventional long leases; and also to event organizers in need of unique spaces backed up by expert support.
22. Start a consultancy business
According to the US bureau of labor, the demand for business consultants will increase by 11% in the next few years. Business consultants are professionals who help companies achieve their goals or to streamline business operations in a particular business area.
Companies need consultants and management professionals to assist them in IT, finance, marketing, supply chain management, HR, Operations, Engineering, and security matters. If you enjoy providing entrepreneurs professional advice, consider starting a business consultancy career.
To become a business consultant, decide which areas you want your focus to be. Then, earn a bachelor's degree in your area of interest. Then, join industry groups to practice and gain essential skills.
My name is Arthur Robertson and you can call me the Investment Educator. I currently run an investment advisory firm, a food truck - Renegade Vegan, founded two non-profits - one focused on financial literacy for the youth and another on real estate while also being a Real Estate Investor.
The start-up costs were approximately $10,000 - $15,000, however; within three months, I was able to recoup those costs from serving clients.
23. Start a content marketing business
Content marketing is developing and distributing relevant, helpful content to convert the target customer to take the necessary steps. Businesses with a content marketing strategy get 67% more leads than other companies.
Therefore, the demand for content marketing services is high than ever before. Starting a content marketing service can be a significant business venture.
To start a content marketing business, you need a good understanding of SEO and social media. You can hire content creators to help you develop relevant and valuable content.
My name is David Tile. I own and operate a Content Writing Service, under the banner Article-Writing.co.
We don’t consider ourselves a content marketing firm. But a firm dedicated to the business of writing. Project management offers most often attached to marketing agencies. We work against marketing briefs delivering content on time and under budget.
24. Start a 3d printing kiosk
The growing demand for prototyping applications from various industries, including healthcare, automotive, aerospace, etc., has contributed immensely to the success of 3D printing businesses.
The 3D printing market offers different niches in which you can develop your business. To start a 3D printing business, decide which market to target and the type of printer you will need for the business.
25. Start a wellness and natural health business
Have you been toying with the idea of starting a business in the medical sector? How about the wellness and natural health business?
With an approximately 6.4% YoY growth rate, the health and wellness industry is one of the best business ideas you will think of starting today. Health and wellness professionals include health coaches, personal trainers, and even yoga teachers.
If you plan to start a health and wellness business in 2023, find your area of focus, and determine the kind of service or product you will provide. Research the market and find an ideal location.
You may choose the eCommerce or hybrid model, where you have a physical office and online consultation.
Hi, my name is Joe Cohen and I’m the founder and CEO of SelfDecode. The company was born out of the journey I went through to decode myself.
In 2021, we launched a crowdfunding campaign and raised a total of $8M and have generated about $2.7M in revenue over the past year. SelfDecode started with my desire to just get healthy and now we’re poised to change the future of health care as we know it. If that isn’t motivation to go after what you want in life, I don’t know what is.
26. Start a kids friendly apps business
According to experts, 53% of 3-4 years old kids use mobile phones to play games or watch videos. In addition, 79% of 5 to 7 years old kids and 99% of 12 to 15 years use phones for multiple purposes.
Starting a kids-friendly apps business can be lucrative, with kids getting more addicted to using phones.
Are you a qualified app developer? You can start focusing on the development of kids-friendly apps. Alternatively, you can hire an experienced programmer to help you with the app development tasks as you concentrate on marketing.
27. Start an electric car charging station
As EVs become more prevalent on the road, we expect the demand for charging stations to increase. You may be interested in setting up electric vehicle charging stations at shopping malls, residential areas, and commercial centers.
The EV charging business is typically a low capital and operational cost business. The EV charging stations also require fewer human resources, and you can manage them with less intervention.
If starting the EV charging station business, choose convenient locations and a variety of chargers to suit the motorist’s needs.
28. Start a privacy protection firm business
Privacy protection service helps clients hide their personal information from public view. Data privacy protection has become a top concern for executives globally. A single stroke of bad luck can create a major data security breach and cause a huge financial loss to a company.
Therefore, executives hire professional data privacy protection agencies to help them keep their data secure. Are you an information security expert? You can start a data privacy protection firm and help companies secure their data.
29. Start a vertical farming business
Vertical farming entails stacking farms vertically. Modern farming technology has enabled small land to be utilized for more production. As more people embrace organic farming, creativity is needed to enable the masses to utilize the limited farming land and maximize productivity.
Therefore, people have turned to vertical farming. According to experts, the vertical farming market will reach over $24 Billion in the next few years, registering a CAGR of 22.9 percent.
Setting up a vertical farm requires skills, technology, and equipment. Therefore, there is a business opportunity for those with the relevant skills, technological know-how, and equipment. Starting a vertical farming business can be a lucrative venture.
30. Start a freelance marketplace business
A freelancing marketplace is a platform that helps companies find and hire independent professionals for temporary jobs or special projects. How freelancing platforms work is simple.
When a client posts a job on the freelancing platform, interested freelancers will send proposals requesting the client's consideration for the task. The client will hire a favorite candidate and create a contract, which includes funding the escrow account so that all parties feel secure.
Upon completion of the task, the freelancer submits to the client via the freelancing platform and requests payment release by the client. Once the client is satisfied, the next step is the release of escrowed funds to the freelancers.
At this point, the contract may remain open, or both parties can decide to close the contract.
The corporate world has changed more in the past few years. Today's generation of workers prefer working remotely, and most have given up the idea of a full-time job in a corporate office. According to experts, more than 50% of the US workforce will shift to freelancing in the next few years. Therefore, freelancing platforms like Upwork will register more users over the coming years.
As the freelancing economy continues growing, we must keep our fingers on the pulse of this current trend.
Are you looking for a futuristic business idea you can embrace today? How about starting a freelancer marketplace? Building a freelancer marketplace is not as difficult as it may seem.
To start, choose a business niche and decide on the marketplace business model. Then, come up with a list of requirements, and create a visual identity and user interface for your freelance marketplace. As soon as the graphic design is at hand and your product is in action, begin the rapid prototyping process. Finally, test and launch the platform.
Hi, I am Suvansh Bansal and I am the co-founder of Flexiple. We started Flexiple in Nov’15 to build a freelancing platform that enables “quality interactions” between companies and freelancers. The goal has since then been to ensure a successful engagement such that both the client and the freelancer are happy and satisfied at the end of the engagement.
Since operationalizing ~3 years ago, we have helped 85+ startups identify, hire, and work with the right freelancer for over 200 engagements. All this has been made possible with the help of our 225-member strong community of self-employed developers and designers.
31. Become a retirement & personal finance consultant
The retirement and financial advisors use their knowledge and expertise to construct personalized financial planning to achieve the client's goals. To become a retirement and financial advisor, take relevant finance, investments, estate planning, and risk management courses.
To become a certified financial planner, you must complete the CFP Board of standards-approved, college-level personal financial planning and risk management program. Upon acquiring proper certifications and licensing, seek an internship under a seasoned professional. The internship lets you gain the necessary skills to serve clients appropriately.
- Deacon Hayes founded the company Well Kept Wallet, a business that offers one-on-one financial assistance to people looking to create budgets, pay off debt, etc.
- He is a personal finance expert, podcaster, and speaker.
- Deacon started this business in 2010 with the goal of educating people about personal finance and changing lives.
- The founder has been successful in increasing the site's revenue to over $100,000 per month.
Read the full story on nichepursuits.com ➜
32. Start a management consulting business
Management consulting helps organizations improve performance by developing strategies to solve issues, create value, and maximize growth. A management consultant deploys his skills in providing objective advice and expertise to help organizations develop skills they may lack.
The management consultant is primarily concerned with the company's strategy, structure, management, and operations.
The role of a management consultant is to review operations and identify options for the organization and suggest recommendations for change, as well as advise on additional resources. Management consulting offers the flexibility of working as a full-time employee, a self-employed professional, or a contractual consultant.
To become a management consultant, complete a relevant degree program and work as an intern to gain experience so you can discharge your duties confidently.
Hi, I'm Dancho Dimkov, the face and the brain behind BizzBee Solutions. A born and educated entrepreneur, dedicated businessman and consultant, and also a sworn supporter of building meaningful relationships with clients. In 2015, I founded my hive called BizzBee Solutions.
We believe that when you have a dream and set a goal, there is nothing in this world that can stop you from achieving what you want.
33. Start a hr solution business
HR solutions refer to a set of functional tools that automate human resource management. Businesses refer to HR experts to help them streamline tedious but essential HR processes and make managing employees throughout their careers easier.
Are you interested in starting an HR solutions business?
You can offer different HR solutions depending on your areas of interest. Here are some exciting human resource business ideas you may consider.
My name is Phil Strazzulla and I run SelectSoftware. We are an expert online review site for HR software - basically the NerdWallet/WireCutter for all of the different HR software categories out there.
Over the past 3 months, the organic search traffic to SelectSoftware has been growing at around 30% per month, and in August 2019 we had our first month of revenues with a little over $1k/mo.
34. Start a chatbot development business
Businesses use conversational AI chatbots to take customer engagement to the next level. Typically, chatbots deliver consistent responses to customers, which helps the business avoid issuing irrelevant or misguiding details to the customers.
As more people focus on using the internet in shopping, education, and research, businesses are deploying chatbots to provide 24/7/365 support to their customers.
For example, online shoppers interact with businesses through chatbots, while students can use chatbots to help with their studies and research.
Therefore, starting a chatbot development business can be a lucrative venture.
I’m from a small country called Lithuania. I run an open Source live support application. My main customers are everybody who wants to host live support applications on their stack. Clients vary from small companies to large ones - which have hundreds of operators.
My biggest accomplishment is returning clients and how I keep relationships with them for years. It means I do something right. Not to mention the project in GitHub now has over 1.5K stars.
35. Start a website testing business
In today’s ever-changing and competitive world, the internet has become an integral component of our operations.
Most people search the internet for things they need, entertainment, and transactional purposes.
Therefore, more businesses seek to build websites and be present online and deliver services and solutions quickly and effectively. To achieve the goal, the businesses will test their websites often and fix any issues.
Therefore, starting a web testing service can be a great business venture.
Hi everyone! I’m Lindsey Allard, originally from Boston and currently living in New Hampshire. I started PlaybookUX just over 3 years ago. Our goal was (and still is!) to help businesses quickly get feedback on their digital assets.
We achieved profitability within the first year of business. As of early 2022, our revenue was $150k/month, and currently, we have 1,100 customers.
36. Start an internet infrastructure business
Internet infrastructure is a collective term referring to all hardware and software systems that constitute essential components in internet operation. Common internet infrastructure includes routers, switches, hubs, bridges, gateways, load balancers, and servers.
The internet has become a critical component of every business we transact today. Its adoption is expected to continue multiplying. The new connections will require additional internet infrastructure, a trend that will create business opportunities.
Telecommunications companies have provided the infrastructure to allow data flow around the planet. Private entrepreneurs are also chipping in to help meet the demand for internet connectivity and deliver an excellent user experience.
Experts predict the network infrastructure segment will reach $191.8 billion. The largest subsegment will be the Service Provider Network Infrastructure. Therefore, starting an internet infrastructure company could be your next great business opportunity.
Hi, Mark Kellett is my name. First and foremost I am a husband to Susan and father to Brandon and Ben, our two sons. My family is my greatest priority and gives me the most joy in life! So now to me, I would at the outset say that I have perhaps too often taken “the path less travelled”, to seek out adventure in life and business.
In 2019 I founded my company KelTech IoT, a next-generation energy and infrastructure company bridging the energy and telecoms gap by creating more efficient and sustainable solutions as network demands increase in the age of IoT. The company is intent on connecting and powering a sustainable world.
37. Start a personal protection equipment business
Personal protective equipment, often called “PPE,” refers to equipment worn to minimize exposure to hazards that cause serious workplace injuries and illnesses.
The equipment protects against workplace hazards that could result from contact with chemicals, radiological, physical, electrical, mechanical, and injuries and illnesses. PPEs include gloves, safety glasses, shoes, earplugs, muffs, hard hats, respirators, or coveralls.
According to UNICEF, the demand for quality PPEs remains high.
Therefore, starting a personal protection equipment business is an opportunity to build a profitable business. Your target customers could be healthcare, transport, and industrial sectors, as well as private persons concerned about their health and safety.
To start, research the market to identify supply gaps, and once you have decided on the niche, write a business plan and indicate a reliable supplier.
38. Start a drone delivery service
Drones support the logistics industry in different ways. For instance, delivery drones have the potential to bypass ground-based traffic congestion by lifting a share of ground transportation into the airspace. Besides, drones have made delivery possible in otherwise difficult-to-reach areas like ports, terminals, areas with floods, etc.
Delivery drones are applicable in many areas. Examples include:
- Courier delivery
- Medicine delivery
- Hyperlocal delivery
- Food delivery
- On-demand local shipping
But before you invest in the drone courier delivery business, take time to learn the laws governing the industry and research out how other players are operating. Then launch and market your drone delivery business.
39. Start an esports team business
eSports describe the world of competitive, organized video gaming, where competitors from different leagues or teams face off in similar games.
According to statistics, there are approximately 200 million eSports enthusiasts globally. The audience size will continue to grow YoY to reach approximately 285 Million Esports enthusiasts in a few years.
The estimates illustrate Asia Pacific region leads in the number of eSports enthusiasts, accounting for over 57%. Therefore, starting an eSports team business can be a profitable venture.
Therefore, the massive growth of the eSports industry is inspiring entrepreneurs to start their own sports businesses or teams. If you are passionate about eSports, consider launching your own eSports team as a business can be a profitable venture. To start, conduct proper market research. Focus on analyzing your customers and their expectations, and speak to potential customers to confirm their interests. Then, compare competitors and prepare a SWOT analysis.
You may consider working with potential supporters or collaborators to increase the odds of success.
I’m Zack Johnson, and I run ggCircuit,which provides premium software, services, and support for esports arenas around the world.
UC Irvine Esports Arena - One of our first university customers in 2016
40. Start a video conferencing platform
A video conferencing platform allows two or more people to emulate a person-to-person meeting over the internet using real-time, multidirectional video and audio streaming. Estimates show that the global video conferencing market will grow to $14.58 billion in the next few years.
The market growth will result from integrating developed technologies such as artificial intelligence and cloud technology, which will drive market growth. Therefore, starting a video conferencing platform remains a viable business opportunity.
To build a video conferencing platform, determine your business vision by defining your target audience. Then, decide on a monetization model. Standard models include freemium, advertisements, and paid subscriptions. Define the MVP feature set and focus on building the platform.
Providing high video and audio quality will help your business stand out.
Hello, I'm Dominika Paciorkowska, Managing Director and Board Member at ClickMeeting – a platform for webinars and online meetings. ClickMeeting was launched in 2010 and has been performing as an independent company since 2016.
This time I would like to focus mainly on the development of ClickMeeting: an innovative platform that focuses on intuitiveness and providing a real-life experience in the virtual world.
Tech will be for sure one of the most important industries in the future. So why not read about the best tech startup and software business ideas?
41. Start a robotics company
The robotics industry is on the rise, a trend that, according to experts, is owing to its potential to increase economic growth and productivity. The high demand is owing to the strong need to automate labor need for more efficiency in product manufacturing, construction, and other sectors.
Besides, robots work in hazardous environments where human life is likely in danger, increasing productivity since they are wired to perform repetitive tasks for longer hours.
In that regard, the robotics businesses stand to benefit. Some sectors where we see robotics today include:
- Space exploration
To start your robotics company, choose a niche and focus on building an interdisciplinary team with robotics engineers and software engineers from various specialties. You can use VC funding so you can finance your business.
Remember, robotics is still a tough business, so you should not expect everything to work from day 1.
42. Start an automated home cleaning robot business
A home cleaning robot is an autonomous robotic vacuum cleaner with a limited vacuum floor cleaning system that features sensors and automated drives with programmable controllers.
The use of robots in home cleaning is a trend that is gaining traction. Experts estimate that the global cleaning robot market will witness a CAGR of 14.6% in the next decade.
Ideally, homeowners prefer the cleaning robots because they save time, can be used for emergency cleaning, and reach all surfaces, including underneath furniture. Besides, robotic home cleaning has proven to be an invaluable tool for people with mobility issues and those who hate vacuuming floors.
43. Start a virtual reality business
Are you looking to start a virtual reality-based business but unsure what to create?
VR offers business owners new possibilities for showcasing products and services to their customers. The VR industry is snowballing, and experts estimate it will reach a CAGR of 19.0 % over the next few years.
The good news is that there are so many VR business ideas you can start and profit from in the multi-billion dollar industry. If you're looking to start your own VR-based business, here are low-capital options you can choose from.
44. Start a data crunching business
Data crunching refers to an automated analysis of a large amount of data originating from big data. Once the data is imported into a system, the data is sorted, structured, processed, and analyzed to help a machine reach informed decisions.
Data crunching experts enable companies to derive value from their data by enabling a deep analysis. The business can make informed decisions, and identify new opportunities, so their operations run more efficiently.
Examples of departments likely to benefit from data crunching include finance, marketing, media, entertainment, automobile, and the energy sectors.
For entrepreneurs looking to venture into the business of data crunching, there has never been a better time than the present. Startups and existing companies are hiring data crunching experts to help them understand their customers, so they can streamline operations accordingly.
You need data experts and high-quality hardware to start a data-crunching business.
45. Start a migration-as-a-service business
Legacy infrastructure is outdated and unreliable. To achieve the growth and agility of businesses, industries hire migration as service experts to deploy their cloud migration. The migration service involves upgrading the entire business operations to the cloud.
The migration as a Service company applies various automation tools, scripts, proven migration planning, sequencing, matured engagement models, and team structure to deliver a hassle-free experience throughout the business transformation phase.
Experts estimate that migration as a service industry will post a CAGR of over 24% in the next decade.
As businesses focus on cloud computing to enable rapid growth, starting a migration as a service can be profitable. Depending on the service type, the migration is bifurcated into managed and professional services.
46. Start a digital marketing business
Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.
If you plan to start a digital marketing business, educate yourself and understand how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through online digital marketing courses.
To stand out, find a digital marketing niche and focus on the audience interested in your services.
My name is Lars Helgeson and I am the founder of GreenRope, a CRM and marketing automation platform. Our company started in 2000 as an email marketing SaaS and in 2008 decided to focus on the challenges that businesses face in managing sales, marketing, customer service, and operations.
GreenRope has over 1,000 customers in over 20 countries, ranging from startups to universities and municipalities.
47. Start a remote software engineering business
Software engineering is one of the most lucrative careers for work-at-home enthusiasts. Software engineers can work from anywhere and accomplish project goals as long as they have the right skills and the right equipment.
Demand for software engineering has been rising for quite some time now, and there are no signs of stopping. Experts project software developers' employment rate to shoot by over 20% in the next few years. If you have software engineering skills and are passionate about working from home, there is no suitable time to start your business like now. A software engineering business begins with completing a relevant programming course and building some projects. Hence, you gain the skills and experience required to become a software engineer.
You can start your own software building company targeting companies, startups, or even individuals.
48. Start a bio-fuel production business
Biofuel production refers to the fuel produced over a short time from biomass rather than through prolonged natural processes of fossil formation. In today's world, resources are becoming limited and scarce, while countries are focusing on more ways to reduce waste through reuse or recycling.
According to experts, eco-friendly fuels like biodiesel will start making a significant impact on our roads. Therefore, starting a biofuel production company can be a lucrative business you will start today.
The good news is that you can set up a biofuel production business in your backyard. To start producing biofuel, you need access to raw materials and tools. Typical raw materials for biofuel production include used vegetable oil, methanol, and potassium hydroxide. Since you will be dealing with chemicals, it would help if you invest in high-quality PPEs.
Also, it would be best if you had skilled staff to help you produce the biofuels and packaging process.
49. Start a solar system repairing & maintenance business
Solar energy has come a long way today, thanks to technological advancements. An ordinary household can access solar panels that were once only accessible to big agencies like NASA. Today, the global adoption of solar as an energy source is on an upward trajectory.
The rising utility cost and constant lobbying by the green energy companies are some attributes resulting in the increased adoption of solar lighting.
According to statistics, the US is the leading country in North America regarding installed solar capacity. Data shows the cumulative residential solar installation capacity is about 22,151 megawatts. With the rising adoption of solar as an energy source, starting a solar system repairing and maintenance business can be a great business opportunity.
To start, focus on earning a solar certification. A solar accreditation is essential to promoting customer confidence and putting you ahead of the average uncertified business. Remember that you may need solar licensing if you work outside your home state. Some states also require a specialized solar contractor license.
50. Start a power storage business
Demand for energy storage systems is progressing at a CAGR of 11.0% to surpass 435 Billion in the coming years. According to experts, the growing demand for efficient and competitive energy resources will propel the market growth.
As energy storage systems continue to become popular, starting a storage systems business today will be a great idea. Business opportunities within the energy storage sector include:
- Grid-scale storage
- Behind the meter storage
- Off-grid storage
- Mobility storage
51. Start an electric car production business
The electric vehicle industry refers to all vehicles that use electricity as their primary energy source. The EV vehicle industry has grown rapidly over the past decade. New businesses are springing up every day to serve EV customers.
Experts estimate that the market size of electric vehicles will reach nearly 26 million people within the next two decades. Therefore, there is a promising business opportunity for those interested in the EV industry.
Starting an EV business involves huge capital investment, while the competition levels are high. In that regard, the easiest approach for entering the EV industry is through partnerships with existing EV manufacturers.
52. Start a jet-pack dealership
A jet pack, rocket belt, or rocket pack is a device worn over the shoulders like a backpack, enabling the wearer to travel through the air or space using jet propulsion.
Reports show that the jetpack market will rise considerably, a trend that will go on over the next decade. The jetpack application areas include military, first responders, recreational, and commuters.
Therefore, starting a jetpack line can be a great business opportunity. A potential opportunity within this industry is opening a jetpack dealership. As a dealership, your business will involve making the jetpacks available to final consumers. Dealers also offer the sale of service parts and general maintenance of the jetpacks.
If you are starting a jetpack dealership. Find regions where jetpacks are popular. Register your business and market your brand appropriately to expand its reach.
53. Start a solar water system business
The use of solar water heaters to generate heat is a well-established technology that has been around for decades. Adding solar water heaters to a house is proven to add value based on the energy efficiency factor and the fact solar energy reduces the carbon footprint.
Besides, modern solar water heaters provide a low-maintenance energy option and will provide heating no matter the weather.
Solar water heating solutions have become a popular option based on this efficiency. Starting a solar water heater business can be a lucrative venture. You can start a solar water heating systems manufacturer, installer, or dealership under an established systems manufacturer.
54. Start a car sharing service
Globally, people are looking for the most cost-effective way to move about. The increasing cost of car ownership has forced people to car sharing services.
Car sharing is where vehicle owners offer their vehicles for others to rent for a short period. The arrangement saves gasoline, parking fees, maintenance costs, taxes, and other expenses. Also, car sharing is a practical alternative for those on a budget who do not necessarily need full-time access to a vehicle.
According to experts, the global car-sharing market has exceeded 2 billion and will keep growing at a CAGR of over 20% for the next decade. In that regard, starting a car-sharing service presents a lucrative business opportunity.
With enough capital, you can purchase multiple vehicles and launch your car-sharing service.
- Giovanni Smith, Kendell Johnson, and Preston Martelly co-founded Subskryb, a luxury vehicle subscription service.
- Through Subskryb, car owners can list their high-end cars while renters can choose from the listed cars and book them daily, weekly, or monthly.
- This subscription-based car-sharing & car rental company leverages technology to revolutionize personal mobility while building a VAAS (Vehicle-As-A-Service) model with car owners and renters.
Watch the full interview on youtube.com ➜
55. Start a wind energy installation business
Wind power offers excellent opportunities for fulfilling energy needs. Besides, wind energy reduces air pollution emissions, including sulfur dioxide, nitric oxide, nitrogen dioxide, and particular matter.
The above factors have contributed significantly to the increased adoption of wind power as an alternative energy source. In addition, governments are adopting initiatives to combat climate change, with the adoption of wind energy among the key strategies.
Experts project that the global wind turbine market will grow at a 5.9% CAGR to reach $94.26 Billion in the next few years. Therefore, if you are interested in starting a business in the energy sector, wind energy can be a lucrative opportunity.
To venture into the wind energy sector, consider starting a wind turbine installation business or becoming a certified wind energy solutions installer.
56. Start a lunar tour guide business
Since the first travel to the moon, Lunar tourism has remained a common topic at space conferences. Apart from being a trivial topic, lunar tourism is a potential business and so unstoppable.
Thus, many people will enjoy traveling to the moon, and they will enjoy their time there. If you are interested in starting a business in the space industry, consider introducing lunar tourism.
57. Start a meat grower business
Cultivated meat, also known as grown or cultured meat, is genuine animal meat produced through the cultivation of animal cells.
The introduction of meat growing eliminates the need to raise farm animals for food. According to a CNBC report, lab-grown meat is making strides, a trend that is becoming unstoppable. Experts project that the cell-based meat market will reach 94.5 billion in the next few years.
If you are starting a lab-grown meat business, establish and meet safety requirements. Then, develop a clear and understandable labeling practice, and focus on offering the customers a price parity with conventional meat.
58. Start a 360-degree cameras business
360-degree cameras are required for photographing panoramas and other large visual areas. Virtual and augmented reality's prevalence in video games and other forms of interactive entertainment are some factors behind the rising popularity of 360-degree cameras.
A 360-degree camera lets users capture every event aspect for later viewing. Thus, customers easily acquire 360-degree cameras to capture a complete view of their surroundings.
According to recent research, the global 360-degree camera market will reach a compound annual growth rate of 34.4 percent.
Therefore, launching your 360-degree camera business can be a great business venture.
59. Start a cloud migration business
Cloud migration involves moving a company's digital assets, services, databases, IT resources, and applications into the cloud.
Cloud adoption is a trend used by enterprises to improve the scalability of internet-based applications while reducing risk and cost. Therefore, governments and private organizations hire professionals to help them migrate their locally stored data and information files to cloud-based storage solutions.
With the increased adoption of cloud computing, starting a cloud migration service can be a lucrative business opportunity. If you are in the IT industry, you can take lessons focusing on cloud storage and become a data migration expert.
60. Start a cyberspace security business
Cyberspace security refers to the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.
Demand for cyberspace security experts has been snowballing. The US alone has reported an estimated 200,000 vacant cyber security positions. With cybersecurity being a critical component in today's business environment, starting a cyberspace security business can be a lucrative opportunity.
To start a cyberspace security firm, get the right professional certifications so potential clients can trust your abilities. Then, develop a business plan tailored to cybersecurity, and define the target market.
Finally, analyze the market and come up with an entry strategy.
Coro, a cyber security SaaS platform, was established by Dror Liwer and Guy Moskowitz in 2014 to offer cloud security services to midmarket enterprises.
It is one of the fastest-growing security solutions targeted at mid-market, offering all-in-one protection that enables enterprises to defend against malware, ransomware, phishing, and bots.
- Coro began as part of an accelerator and raised $1.5 million in its first Seed round.
- They secured an additional $20 million before their $60 million Series C round.
- Coro confirmed reaching a $1 million run rate in 2019.
- This firm has 4,500 clients on the platform.
Read the full story on blog.getlatka.com ➜
61. Become a NFT broker
A None-Fungible Token (NFT) is a digital asset representing real-world objects, people identities, property rights, e.t.c.
Ideally, NFTs exist on a Blockchain and traders cannot replicate them, since they feature unique identity codes and metadata as the key identifiers. Therefore, it is impossible for one NFT to be equal to another, which is critical, especially when it comes to digital ownership.
Digital ownership is still a new concept, but one that is becoming increasingly popular especially with NFT trading taking shape. According to a 2021 report on NFT trading, NFT Sales Amounted to Over $2.4 Billion in the First 6 Months of 2021.
Are you fascinated by NFT trading? In this post, we highlight the top NFT broker businesses in 2021.
62. Start a P2P lending platform business
A p2P lending platform allows participants to borrow and lend sums of money without relying on conventional financial institutions. Experts expect the peer-to-peer lending market to grow at a CAGR of over 21%, reaching a valuation of over 10 billion in the next few years.
No longer the new kid on the block, P2P platforms have entered the mainstream and brought unprecedented support for small and medium-sized enterprises. Therefore, starting your P2P lending platform can be a great business venture.
To build a peer-to-peer lending platform, decide on the business formation and register your business name. Then register a domain and raise money for your startup capital.
63. Start a solar projects business
64. Start a scientific research business
65. Start an automated supermarket business
66. Start a nanosatellites building business
67. Start an asteroid mining business
68. Start a DNA design firms business
69. Start a stem cell pharmacy business
70. Start a holographic theater business
71. Start a space hotel business
72. Start an automated translating services business
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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