Are you a computer geek, programmer or engineer and you are seeking ideas you can channel your skill to? Then below are ten profitable high tech small business ideas.
High tech refers to the most advanced technology available at a point in time. And since technology is ever-changing, it goes without saying that innovations referred to as high tech today will no longer be regarded as such in the future.
Do you have an entrepreneurial mindset? I mean, do you always nurse the strong wish to start and run your own business, become your own boss, and live a life of financial independence? And do you follow trends in the tech world religiously?
If you answered those questions in the affirmative, then chances are that you like the idea of starting a high tech business. Provided you have the required know-how and startup capital, you can start your own high tech business as soon as you have figured out exactly what to offer and how to reach your target market.
There are two ways to operate within the high tech market. First, you can set up a company that manufactures high tech devices. And second, you can start a retail store that sells high tech devices to consumers. The second option usually requires less startup costs and technical know-how. Here are 10 high tech business ideas that are still very hot right now:
Top 10 Best High Tech Small Business ideas & Opportunities
1. 3D printing
Before now, what we knew was printing with laser jet or inkjet printers. But now, it’s possible to print the 3D model of an object from plastic, metal, or any other material. And not only can you see the output, but you will be able to touch it. Yes, that’s the next big thing in the print industry.
If the idea of 3D printing interests you, then you should consider starting a business that renders 3D printing services or start a retail store that sells 3D printers. Either way, there is little competition and huge profit potential.
Cloud computing place emphasis on web-based applications; rather than desktop-based ones. It involves storing information in and retrieving it from remote but secure web-based servers, thereby allowing users to access information on the go without necessarily having to be with their office computers.
Cloud computing has many notable upsides such as remote emergency, backup ready information sharing, and synchronicity across locales. There is increasing awareness of the advantages of cloud computing and it’s enjoying increased global acceptance. This means there are huge profit opportunities for businesses that offer cloud-computing services.
3. 4G Internet Connectivity
Internet connectivity became even faster with the advent of 4G technology. Though it’s been around for few years now, the 4G technology is yet to go round—globally. It’s presently available only in few countries. If you live in a country where 4G technology is still new or unheard of, you can start a 4G internet connectivity service. The less the competition, the more profits you can make.
4. Mobile phones and accessories
Since the advent of GSM decades ago, the tech world has seen the emergence of various mobile phones and accessories. With each passing year come new devices with even more sophisticated features and specs than those of their predecessors.
And over the years, mobile phones have evolved from devices for mere exchange of phone calls and text messages into devices that could do virtually anything one can think of. As mobile phones become more versatile, the market for these devices and their accessories become more lucrative.
In the tech world, things are getting smaller and smaller. The mainframe computers of old could fill up large rooms, yet they did far less than what the average PC of today can do.
Then computers became smaller and more sophisticated until we had the desktop PCs and then the laptops and notebooks. Now, we have the tablet PCs—lightweight devices that can be taken anywhere and can perform various sophisticated functions. Tablets are still very much in vogue, so manufacturing or selling them is big business at the moment.
More people are now enjoying the convenience of buying things they need over the internet and having them delivered at their doorsteps—without leaving the comfort of their homes. Though big brands like Amazon, Ebay, and Walmart are operating this model, it’s becoming more popular and new players are entering the market. If you have what it takes to start your own e-commerce store, then you should consider starting as soon as possible.
For some years now, the concept of artificial intelligence has been gaining widespread popularity. From industries to medical establishments, robots are used to handle highly sophisticated tasks that require high level of precision. Sometimes, they are used to handle simple tasks, too.
Robots are becoming more popular, and the market for these devices is becoming more lucrative. Even if you cannot start a robot manufacturing and programming company, you can start a store that sells robots.
8. Personalized medicine
Patients can now be treated in advance for diseases that they will most likely present with in the future. And patients can now have drugs manufactured specifically for them based on their health needs and challenges. Personalized medicine is an innovation in health care that proposes medical decisions and treatments that are custom-made for each individual patient based on his or her genetic make-up.
9. 3D cinematography
The cinema culture has been alive for several years. But 3D cinematography is becoming more popular and is fast becoming the next big thing in the cinema industry. If cinema-goers abound in your locality, then you should consider stunning them by opening a cinema that display movies in 3D.
10. App development
If you know the stories of Snapchat and Whatsapp, you will agree that application programming is now big business. If you have any promising application idea, you should give it a shot.