Do you want to make money with your IT skills? If YES, here are 50 best lucrative information technology business ideas you can start in 2020.
The technology industry is now probably the fastest changing and growing industry. In fact, technology is a vital part of the society; because of the efficiency and convenience it provides to most of the population. In this age, computers and virtual platform technologies are utilized not only in a day-to-day or hour-to-hour basis but more importantly, in a second-to-second basis.
Undoubtedly, there are fantastic businesses ideas in this industry that an entrepreneur can successfully start and with time earn millions from. So, the question is; are you looking to delve into the tech industry? If yes, then the business ideas to be reeled out below would do the trick.
50 Best Information Technology Business ideas for 2020
In view of the increasing number of businesses opening to online operation, web designing proves to be a lucrative business. Websites serve as the marketplace of online merchants and they would want their site to be as user-friendly as possible. Learning the tricks in this business will surely make an individual reap baskets of dollars.
Second on the list of this information Technology business idea to start is social media consulting. Various social media platforms are on the rise. Some offer free permanent membership while some offer temporary memberships without charges and then ask for upgrades for greater benefits.
No matter what type of social media or networking site it is, internet users are flooding these platforms, which is why online business owners strive to penetrate these media. An individual who can strategically carry on with the social media trend is very viable to open a social media consulting business.
As related to the second idea in the list of information technology ideas to start, there is the video production business. From just written content and audio subjects, both the offline world and the online platform have started utilizing videos for effective promotion and business reputation.
Videos indeed relay the message in a more colourful and enjoyable manner. An individual who can creatively create video clips and embed the message that the client wants to reach out to its targeted audience, such a person will do great in the video production industry.
- EBay Consulting-: With the hectic schedule of people from all lifestyles, online shopping has been more than convenient. Through this business idea, prospective eBay sellers can gain more profit with the help of the right consulting service.
- Blog Consulting
One of the best Technology business ideas to start is a blog consulting business. Since publishing of blogs are widespread, people who want to earn or get the desired reputation with their blogs may find themselves looking for a blog consultant.
With the blogging experience and knowledge in the online trend, an individual can gain profits in supporting bloggers with their venture. Most people are unaware that they can start rendering small business consulting services based on their specific skill or knowledge and starting such a venture does not require any capital.
- Internet research business and Data Entry Business
In the sixth position in the lucrative 50 information technology business ideas to start, is the internet research and data entry business. Many businesses and individuals seek to hire people who can do these time-consuming jobs for them. With all the information that is needed by a single person or an entire business, a data entry specialist and researcher can generate profits from typing or finding the necessary information.
- Desktop Publishing
Creating visual documents for businesses is an idea that has gained enough reputation in the market. This is the reason why desktop publishing is included in the top 10 technology business ideas to start.
According to the Bureau of Labour Statistics, desktop publishing is one of the fastest-growing businesses, with the number of desktop publishers in the U.S. alone escalating from 38,000 in 2000 to 63,000 in 2010—a whopping 67 percent increase. Desktop publishing involves preparing text and graphic materials such as books, proposals, forms, brochures, flyers, full-page adverts, logos, newsletters, letterheads, and so on.
- Computer training
No one wants to get left behind when it comes to using computers; which is why it would be strategic enough to start a business that assists people to become more computer savvy. Obviously, computers cannot take the back seat in the world today.
Computers have really gone beyond business tools; they have become one of the necessities of life. If you asked me right now, some of the things I consider as the basic necessities of life, I would probably tell you that they are food, water, clothing, shelter, a mobile phone and a computer. Yes, computers are that important.
In relation to this, addressing computer and computer-related problems through a professional service would do many people a favour and in turn, generate loads of income for the business. You can start a business around this niche and smile to the bank daily. It is no longer news that the world has gone digital, it is not strange to notice computers everywhere you walk into.
All computerized systems work with computers like ATM machines, offices use computers, schools do too and almost everyone in modern cities have access to computers. From time to time, these systems need slight or major repairs ranging from upgrades to software repair and hardware fixing.
- Start Manufacturing Mobile Phones
Mobile phones are used in all the countries of the world for making calls, sending text messages, browsing the internet and for other purpose hence there is a large market for mobile phones. So if you are looking for a thriving and profitable business to start in the telecommunication industry, then one of your options is to start manufacturing mobile phones.
Although, there are various brands of mobile / smartphones (Samsung®, BlackBerry®, LG®, HTC, IPhone® and Sony® et al) in the market, but if you are able to come up with a good competitive strategy, you will sure have your own fair share of the market.
- Start Manufacturing Computers
Another good business idea in the telecommunication industry that an investor can successfully start is the manufacturing of computers (Desktops, Notebooks and Laptops et al). It is a thriving and lucrative business venture to go into.
If you are choose to start this business, and then know that you are going to be competing with leading brands like HP, Dell, Compaq, Sonny and other regional leading brands. But one thing is certain, your computers / laptops are durable and affordable you will sure get a fair share of the existing market. Just ensure that you adopt aggressive marketing strategy.
- Open a One Stop Info Tech Shop
An IT one – stop – shop is one of the highly thriving info tech businesses that any IT inclined entrepreneur should consider starting. An IT one – stop – shop is place where people purchase their I.T. gadgets, download stuffs, buy computers and mobile phones, smartphones, accessories, repair their computers, mobile phones, cameras and other I.T. gadgets. The truth is that if your I.T. shop is indeed a one stop shop, then you will always smile to the bank because you are sure going to attract loads of clients per day especially if your shop is centrally located in a busy city.
Another Info tech business idea that an entrepreneur can launch is to open a smart phone repair centre; a place where people can repair their smart phones, tablets and pads. The truth is that if you can successfully secure a nice location to open this type of business, you will attract loads of clients simply because of the large numbers of people that owns smart phones, tablets and pads et al. So if you are techie inclined, then with little training you can open your own smart phone repair shop.
Repairing of computers (laptops and desktops) is yet another thriving and profitable info tech business idea that an entrepreneur who is looking towards starting a business can start. All you need to do to get this business going is to acquire computer repair skills, purchase the required repair tools and then rent a shop in a good location.
There is indeed a large market for this type of business simply because there is hardly any corporate organization where you won’t find computers and of course computers can become faulty hence the need for repairs.
Towards the end of the 20th century, corporations in the United States and United Kingdom started outsourcing some of their businesses to other countries such as India, China and Philippines et al. Call centre services is among the business services that are outsourced simply because it is economical to do so.
So, if you live in India, China, Philippines, Nigeria et al and you are looking towards starting an info tech business, then one of your option is to start an outsourcing call centre business.
- Start Designing, Building and Maintaining of Call Centres
There are IT specialist that are specialized in designing, building and maintaining of call centres; it is a business in the info tech industry that is profitable and thriving going by the numbers of call centres that are established in the United States and of course in most parts of the world. So if you are looking for a business to start in the information technology industry, then one of your options is to start the designing, building and maintenance of call centres.
- Start a Server Building Company
Another thriving and profitable info tech business that an entrepreneur who is interested in making money can start is serve building business. Servers play important roles in telephony and internet and intranet connections in corporate organizations.
As a matter of fact, there is hardly any corporate organization where you won’t find servers (server rooms). It makes networking and business in general run smoothly. So, if you are looking towards starting your own IT related business, then one of your options is to start a server building company.
- Sale and Servicing of IT Equipment and Machines
Sell and servicing of IT equipment and machines is yet another profitable and thriving info tech business that an entrepreneur can successfully launch. IT gadgets like servers, computers, fax machines, and routers et al are all machines that once in a while need to be serviced in order to enable them perform effectively and efficiently. Thus, if you have related info tech training, then you should consider going into the sale and services of IT equipment and machines.
- Start a Telecommunication Company
Telecommunication companies are active players in the info tech industry; they are known as services providers. This type of business is capital intensive which is why big – time investors are the people taking advantage of the business.
As a matter of fact, the amount required to acquire operating license from any country is pretty massive. If you are a big time investor and you are interested in starting a business in the info tech industry, then one of your best options is to start a telecommunication company.
If you are looking towards starting a small scale business in the info tech industry, then one of your options is to open a cyber café. Although with the advent of cheaper smartphones and also cheaper internet bundles cyber cafés are no longer as profitable as it used to be but nevertheless, if you strategically locate your cyber café, you will sure attract clients.
- Start an Online Library Business (e – library)
Online library is another platform where people learn different subjects at an affordable fee. The internet has made it possible for people from different parts of the world to be registered in the same library. Online library (e – library) is a resource centre where you can comfortably conduct a thorough research and study from the comfort of your home no matter the part of the world you live in as long as you have internet enabled device (smartphones, computers, notebooks, tablets et al).
- Become an Internet Provider
You can apply and obtain a license to become an internet provider in your country. In recent time, the numbers of internet users has increased tremendously simple because of the availability of several internet providers. So if you are looking towards starting a business in the info tech industry, then one of your options is to become and internet provider; it is a thriving and profitable business venture.
- Go into the Manufacturing of Computer Parts and Accessories
Another thriving and profitable info tech business that an entrepreneur who is interested in starting a business should consider starting is to go into the manufacturing or computers parts and accessories. Computer parts and accessories such as computer / laptop screen, mouse, external speaker, keyboard, laptop batteries, power pack (adopters), webcams, HDI cables, power cables and external memory and hard drive are highly marketable.
- Go into the Manufacturing of Mobile Phone Accessories
Manufacturing of mobile phone accessories is yet another thriving and profitable info tech business that an entrepreneur can successfully start. There is a large market for mobile phones accessories such as earphones, batteries, phone casing, charger and Bluetooth devices et al. Si if you are looking towards starting a business in the info tech industry, then one of your options is to go into the manufacturing of mobile phone accessories.
- Sale of Call Cards and Data Bundles
Selling of call cards and data for different networks is another easy to start business in the info tech industry. Aside from people that subscribe to post – paid packages for their mobile phones / GSM, most people buy call cards and data on a regular basis. Depending on the country you reside, there are several telecommunications companies that you can deal in their call cards and data bundles.
Selling call cards and data bundles is a simple, easy to establish business that does not require any skills. As a matter of fact, this type of business can thrive in any location as long as there are people who make use of mobile telecommunication and the internet.
As an IT inclined entrepreneur who is interested in making money, one of your options is to start developing and selling software applications; there is a large market for software applications. Develop unique apps for smart phones. If you make use of smart phones, you will realize how helpful they can be especially when you are stranded and you need direction to get to a destination.
There are several Smartphone apps that are very useful for our day to day activities. Unique apps such as ‘Nearest Locator’; an app that can help you locate places like the nearest hospital, the nearest Gas station, the nearest post office, the nearest ATM, the nearest hotel et al.
Another interesting business in the info tech industry that an entrepreneur can successfully start is social networking site. The fact that there are several big time networking websites does not in any way stop you from starting your own social networking site.
It may take time before you start making money from the site, but with diligence, dedication and hard work, you will sure start generating income from it. Part of what you need to do is to choose a niche or concentrate on a target audience that can make it easier for you to attract people to you social networking site.
Another thriving and profitable info tech related business that an entrepreneur can start is to offer web designing services. Statistics has it that there are well over 350 million active website on the internet and it is not enough to meet the demand of people visiting the internet; there are still pretty much to learn from the internet hence people are opening new websites on a regular basis. If you know how to design website, you should not restrict the marketing of your website design services to people you can see and visit within your location.
- Author and Sell eBooks
Another easy way you can make money from the info tech industry is to author and sell eBooks. There are countless numbers of subjects that you can write about and of course there will be ready market for such subject. One of the easiest ways to generate monies from selling eBooks is to start writing self – help books or books on ‘How To’. For example, if you are good with graphics, you can write a book on ‘How to create your own logo’ there are loads of people out there that will be willing to pay for such book.
- Start an Online School
Online school is yet another info tech related business idea that an entrepreneur can successfully start. The concept of online learning is rapidly gaining ground; universities all over the world are beginning to create online learning platforms for students all over the world. There several subject someone can study via an online school; it could be obtaining a technical skills and a diploma and it could obtaining a Degree or an MBA et al.
Another profitable and thriving info tech related business an entrepreneur can successfully launch is to open an online book store. There are book lovers all over the world who are still interested in buying books no matter the amount it will cost them.
Starting an online book store is another way of making money from the info tech industry. A company like Amazon.com is making huge revenues from selling books online and you can start something similar. You can sell eBooks, audio books and hard copy books on various subjects and from various authors on your online book store.
- Start Blogging
It is safe to classify blogging under info tech industry simply because the internet is the major tool required to blog; blogging is all about educating or passing information to people via an internet portal. Blogging is one of the means several people all over the world are making money from the internet.
Blogging is all about creating usefully and perhaps educative content for a targeted audience on the internet. If you think that you have good knowledge on a particular subject, you can make money by sharing your knowledge to a wide range of audience via your blog.
- Car Tracker Installation and Repair Business
Another trending and highly thriving and profitable business in the info tech industry is car tracker installation and repair business. Global statistics show that the need for car tracking systems in cars is on the increase because of how efficient it has proven to be and as a matter of fact most transport operating companies won’t allow their cars to start plying the roads until they have installed a vehicle tracking system on it. Since the car tracking systems came into existence, it has become very easy for fleet operators to comfortably manage their fleet of vehicles.
- Start an IT Networking Company
It is rare to see a corporate organization without a computer and perhaps internet facility; the advent of computer and the internet has indeed given leverages to businesses. Computer services and networking is yet another info tech business that an entrepreneur who is interested in starting a business should consider starting. There are several organizations, especially SMEs who usually contract the servicing of their computers and networking to vendors
- Start Manufacturing Internet Devices (Modem, Mi – Fi, and Reutter et al)
Another profitable and thriving info tech business idea that an entrepreneur who is interested investing in the technology industry should consider starting is to go into the manufacturing of internet devices. Internet devices such as internet modem, Mi – Fi, and Reutter et al are presently in high demand in the United States of America and of course in most parts of the world. So if you are looking for a business to do, then this business idea is one of the options you should embrace.
It is safe to classify online boutique under the IT industry because the major treading platform online boutique make use of is the internet. If you have eyes for good fashion and you are interested in starting a business in that line and you don’t have all the monies in the world to rent / lease a facility for the conventional bricks and mortar boutique, then starting an online boutique is your best bet.
Another thriving and profitable business that an entrepreneur who is looking towards starting a business in the info tech industry should consider starting is the publishing of info tech magazine. When it comes to generating incomes, magazine companies exploit the sale of their magazines in newsstands, from advertisement from stakeholders and of course from those who sign – on to prepaid subscriptions and when it comes to distributing magazines.
- Start an Info Tech TV Program
Another business idea in the info tech industry that an entrepreneur who intends starting a business in the industry should consider starting is to start an info tech related TV show. Although there are several info tech related TV shows out there, but that does not in any way stop you from starting yours.
If your TV show is well organized and packaged to address key info tech issues, you will sure attract large viewership and of course mouth watering sponsorship deals from major players in the info tech industry in your country.
Of course it is more expensive to buy slots on TV than it is for radio. So if you are looking towards starting an info tech related talk show and you don’t have the finance to purchase airtime on TV, then going on radio is your best options.
The truth is that, if your radio talk show is well organized and packaged to address key info tech issues, you will show attract large listenership and of course mouth watering sponsorship deals from major players in the info tech industry in your country. It is a cool way of making money, but you must always be your toe when it comes to developing contents for the radio talk show.
- Author Info Tech Books
If you are in the academia and you happen to be in the engineering or info tech departments or any related department and you are looking towards starting a business in the info tech industry, then one of your options is to author info tech related books.
It is a cool way of making money especially if you are a recognize professor, doctor or professional in the information technology industry. Aside from authoring text books that can be used for IT related qualifications and certifications exams, you can also write info tech self – help book that the average person out there can find handy in their personal life and business.
- Start Organizing Info Tech Fairs / Expos
There are loads of players in the info tech value chain who are looking for platforms to showcase and market their goods and services to their target market. One of such platforms they can leverage on is info tech fairs / expos; a place where entrepreneurs and organizations in the info tech industry can attend to promote and market their goods and services. So if you are good at organizing events and you are interested in starting a business in the info tech industry, then one of your options is to start organizing info tech fairs / expos.
- Open a Phone Booth
If you are looking for a small scale business to start in the info tech industry, then one of your options is to open a phone booth; a place where people can pay to make calls. This type of business is profitable in places where it is expensive making international calls and even local calls.
All you need to start this type of business is a phone box / mobile phone, and a good location. This is yet another great way to make some cool bucks. Be sure to have enough telephones that can cater to the needs of your teeming customers as they flock around your place of business.
- Start a Rental Service for Info Tech Gadgets (Projectors, Computers et al)
Another easy, thriving and profitable info tech business that an entrepreneur can successfully start is a rental service for info tech gadgets. Gadgets such as projectors, computers, teleprompter et al are info tech gadgets that are in high demand.
All you need to do to get this type of business rolling is to conduct a market survey to know the various info tech gadgets that are in high demand so that you will be well guided when making purchase of the info tech equipment that you want to list for rentals.
- Start a Mast Building and Installation Company
Mast building and installation is yet another technical howbeit thriving and profitable business in the info tech industry. So if you are considering starting a business in the technology industry, then one of your options is to go into the mast building and installation. Please note that you would need engineering skills before you can successful launch a mast building and Installation Company. It is very vital that you make your business known to all and sundry.
- Go into the Installations of Optic Fibre Cables
Installation of optic fibres cables is yet another thriving and profitable howbeit technical business in the info tech industry. Optic fibre cables are used in the info tech industry by telecommunication industry for the transfer of internet data et al. So if you are looking towards starting a business in the info tech industry, then one of your options is to go into the installations of optic fibres cables for telecommunication companies.
- Develop Antivirus for Smart phones and Computers
If you are a software programmer, one of the info techs related business idea that you can pursue is to develop antivirus for smart phones and computers. Once you are successful in developing antivirus software that is effective, you are sure going to make cool cash from the software especially if you know how to push it into the market. It is a thriving and profitable business a techie inclined entrepreneur should consider starting.
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.
- 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.
- 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.
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