April 14, 2024

Business Bib

Business & Finance Blog

Top 10 Tech related Business ideas you can opt for

4 min read

Many IT workers these days are taking a break to start something of their own. Armed with technical skill, creating a business on the base of tech know-how is a good idea for start-ups. If you are looking for some fresh ideas, get started with top 10 tech-rated business opportunities below.

Blog Doctor – Become a consultant for blogs

Blogs are becoming a platform for communication. But not every blog is making the desired impression or revenue. Therefore, the opportunity to start a small business as a blog consultant is a lucrative idea. You can support bloggers in getting their blogs optimized and successful. If you can set up blogs from scratch, that can be a bigger money-spinner. 

If you need capital to grow your established blog consultancy, explore business loans from Tata Capital. 

Robo finance advisory

Since people spend a lot of time online, today personal finance advisors must be online. With technology, you can be at a screen within seconds and form a strong bond with a customer looking for trustworthy financial advice. The cost of customer acquisition can be ultra-low with Robo finance advisory models. It is an emerging field with a lot of promise if you can combine technology with financial advice for saving and investing.

Online feedback collection

Technology makes it easy today to collect information through web forms. But someone must do it in an efficient way, at low costs. Online feedback collection is a tech-enabled way to delve deep into this often-overlooked side of business for all types of companies. With the help of technology and the right platform, you can handle feedback projects for multiple clients.

To diversify revenue base or chase bigger projects, you can utilize business loans online from trusted lenders like Tata Capital.             

Customized software 

Every business is unique, but software comes in standard forms. Large companies can spend money to tweak software, but small and medium-sized entities cannot. Therefore, customizable software solutions can be an interesting space for tech professionals. By right-sizing software to the company’s needs, your business can save costs for customer and deliver efficiency. Customization is a growing trend, and start-ups can ride this one for years.

Online brand management

Public relations, brand management and technology can be married to form an online business that is relevant for today’s needs. Offline structures require lots of capital and manual interventions. This is where online brand management of companies, influencers, celebrities and other clients can become a lucrative business area. Technology gives massive scale at a fraction of costs, enabling you to deliver outcomes keeping overhead count at minimal. The best part is you can charge fat fees once clients see the impressive results.  

Tech devices repair and maintenance

Electronic devices are everywhere. With a technical background, you can set up a tech devices repair outlet. Be it mobile, laptop, tablet or game console, repair is an ever-green business with low capital investment. Customers prefer to repair than buying a new device. With proper branding, you can also sign annual maintenance contracts and generate assured revenue. 

To expand into different locations, you can always tap the business loan route.  

Dat analysis

Every minute there are terabytes of data being generated. Data is the new oil. But very few understand data science. A start-up focused on niche data analysis space can become a great business in a short period of time. Collection and interpretation of data required good technological skills. Data analysis is a booming business with unlimited potential.   

E-commerce consulting

All retail outlets today want to be online. But they lack the know-how of being successful win the e-commerce channel. Therefore, e-commerce consulting can be a great business idea. Creating online shops, powering them with technology that is easy to use and convenient to operate is a promising space. 

Later, expanding to high-margin e-commerce consulting areas or building new business lines may require funds. You can consider business loans as a financing option.    

Social media 

One of the biggest channels of customer interactions is social media. But a small critical comment can boost or ruin a business as many small businesses have learnt. That is why social media consulting and training is a hot start-up idea. Every entrepreneur wants to leverage the power of social media, and that is why social media tool training is a fantastic opportunity.       

Website development

When people hear about a new thing today, they search for it online. Websites sell. Proper design and developing websites can become a good business idea if the right niche segment is targeted. Website creation combines technology and usage. It requires different teams working in coordination to deliver a good-looking product.

Explore business loans from Tata Capital to do widen customer reach and hire talent to build a world-class website development firm.