Do you want to start a tech based startup? If YES, here are 50 new information technology small business ideas for 2020 (biotech, mobile phones, telecom).
It is the advancement of technology that communication either via the telephone or computer easier and faster. It is the advancement of technology that made transportation faster and perhaps cheaper.
Furthermore, it is the advancement of technology that made the manufacturing of goods faster and cheaper. It is the advancement of technology that made it possible to treat terminal disease like cancer, kidney failure et al and we can go on and on as regard the positivity that technology as brought to our world.
The technology industry is so wide and vibrant and there is still room large enough for those who are interested in the industry to come in and create their own impact. An aspect of this industry with vast opportunities is the 3d printing industry.
Here are 50 business ideas in the technology industry that an entrepreneur who is interested in start a business can choose from;
50 New Information Technology Small Business ideas in 2020
Information Technology Related Business Ideas
- 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, 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 center; 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 center 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 center business. Although this type of business is capital intensive, but at the same time it is highly profitable especially if you know how to source for businesses from multinationals that are willing to outsource their call center jobs.
- Start Designing, Building and Maintaining of Call Centers
There are IT specialist that are specialized in designing, building and maintaining of call centers; it is a business in the info tech industry that is profitable and thriving going by the numbers of call centers 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 centers. Of course you would need some IT certifications and trainings before you can successfully run this type of business. The business involves call center software applications development and installation, and hardware installation as well.
- 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 needs 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. All you need to do is to me aggressive in marketing your services especially to corporate organizations and SMEs et al.
- 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. Aside from the fact that it is capital intensive starting this type of business, you will quite agree that is indeed a lucrative and profitable business venture.
- Open a Cyber Café
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 platforms 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 center 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).
People pay registering fees and of course membership fees to make use of online libraries. If you looking towards starting a business in the info tech industry, then starting a well – equipped e – library is one of your options. You can start your own online library (e – library) and attract membership from different parts of the world.
- 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.
You can think in that direction and develop your own unique app that will be well accepted globally. All you need to do is to look for a task in the IT world and then build a software to help simplify the task. For example you can develop a software that will help people manage their clientele base (CRM software); you can develop software that will help people manage their payrolls, accounts, online files 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. For example; you can start a social networking site to connect doctors and nurses together, you can start a social networking site that connects people of same ethnic groups or people with similar interest et al.
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. There is a large market within the online community waiting to be tapped. All you need to do is to also list your services online and if you are good, you will attract clients from all over the world.
- 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. EBooks are cheap and easy to make and from one eBook you can continue to generate incomes as long as the information that it contains is still pretty valid and useful. EBooks (electronic books) are books in soft copies and they can be downloaded online from any part of the world.
- 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.
If you are passionate about impacting knowledge, all you need to do is to secure the required license, permits and accreditation from the government of your country and you can successfully start your own degree / diploma awarding online school.
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. Please note that starting online book store means that you will make provision for shipping.
- 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.
This is how making money from blogging works; if you have good contents on your blog, loads of people (human traffic) will visit your blog. The larger the traffic that visits your blog, the more money you will make. If you blog attracts huge traffic, you can attract adverts from top corporate organization. You can also earn money from your blog via AdSense, by offering subscription services to members and also selling your products 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.
With the advent of this device, investing in transport, haulage and logistic business and even ambulance services has become a profitable venture because the tracking device helps keep the drivers under check, monitor the fuel consumption, distance covered and also ensures safety of the vehicle.
- 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.
It is more economical for them to do so as against employing a specialist to handle the role. So if you are a computer engineer, then you should consider starting a computer servicing and networking business; it is indeed a thriving and profitable business venture.
- 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.
As a matter of fact, online boutique has leverage over brick and mortar boutique. If you run an online boutique, you customer will not be restricted to people within the city where your boutique is located but to people all over the world. All you need to do maximize your online boutique is to make arrangement for cheaper and reliable shipping services. If that is in place, people from all over the world can conveniently patronize your boutique.
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.
Most magazines publisher make use of the mailing system, bookshops, strategic news – stands, through registered vendors and selected pick – up locations et al. Beyond every reasonable doubt, the competition in the magazine industry is high but one thing is certain, if you are able to set a standard in the industry, you are sure going to get committed and faithful readers who would not mind paying annual subscription fee upfront.
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 mouthwatering 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 TV show.
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 mouthwatering 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.
You can organize this event at a city level, state level, national level and international level. The truth is that, if the info tech fair is well organized, you will sure attract not just startups in the info tech industry, but also major players in the industry.
- Open a Phone Booth / Call Center
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 / call center; 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. One of the ways through which you can do these is by engaging in rigorous advertisement. There will always be the need to have good marketing plans in place at all times.
- Go into the Installations of Optic Fiber Cables
Installation of optic fiber cables is yet another thriving and profitable howbeit technical business in the info tech industry. Optic fiber 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 fiber cables for telecommunication companies.
- Develop Antivirus for Smart phones and Computers
If you are a software programmer, one of the info tech 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.
Biotechnology Related Business Ideas
Biotechnology can be simply defined as the application of technical advances in life science to develop commercial products. A biotechnology company is any company whose services or products are designed, made or delivered with the aid of biotechnology methods. As a matter of fact, all technological application that uses biological systems, living organisms, or derivatives, to make or modify products or processes for specific use as classified under the biotechnology industry.
- Open a Cloning and Enhancing Lab (Plant and Animal Breeding)
Cloning and enhancing lab is one of the promising business in the biotechnology industry that an entrepreneur who is interested in the industry can successfully start. Cloning and enhancing lab are involved in the enhancing of plant and animal traits by making use of biotechnology on like in time past where traditional methods like cross-pollination, grafting, and cross-breeding are used. It is an advance business and it is a business that is reserved for core professionals in the biotechnological industry.
- Start a Fertilizer Production Company
Organic and non – organic fertilizers are needed in the agriculture sector and they are all products that are partly from the chemical industry and also from the biotechnological industry. There is indeed a large market for this type of business. There is hardly any country where farming is not encouraged; as a matter of fact, government of most countries subsidized fertilizers for farmers in their country so as to encourage people to go into farming.
So if you are considering starting a business in the biotechnology industry, you can consider going into organic and non – organic fertilizer production. The easiest ways of making it pretty big in fertilizer manufacturing business is to win over the government of your country. In most countries, the government is always the biggest customer of fertilizers products.
- Start a Pharmaceutical Manufacturing Company
In the production of some drugs, biotechnology processes are used hence it will be safe to classify drugs production business under the biotechnological industry. So if you are looking towards starting a business in the biotechnological industry, then you have the option of opening a pharmaceutical manufacturing company.
It is a highly profitable and thriving business howbeit it is a business that is highly regulated. If you want to start this type of business, then you would be required to apply and obtain the necessary license and permits from the government of your country.
- Go into the Production of Electronic Cigarette
Another thriving and profitable biotechnological related business that an entrepreneur should consider starting is to go into the production of e – cigarette. Before going into this type of business, you need to confirm from the appropriate authority in your country to be sure you can successfully start e – cigarette Production Company.
- Start an Industrial Strength Fiber Production Company
Industrial strength fiber production business is yet another biotechnology business that an entrepreneur who is interested in the industry can successfully start. Industrial strength fiber is used in the production of bullet – proof vests et al.
- Go into the Production of Bio-fuels
The production of bio-fuel is yet another thriving and profitable business in the biotechnological industry that an entrepreneur can successfully start. Just ensure that you conduct a thorough feasibility studies and market survey before going into this type of business. Handling chemicals sometimes night require high level of carefulness. This is where the need to hire experts and those who have garnered the experiences in the past come to fore,
- Go into the Production of Vaccines
Another thriving and profitable business in the biotech industry that an entrepreneur can successfully start is to go into the production of vaccines. Vaccines are very useful when it comes to disease prevention, disease control and of course in the public health department.
This is in no doubt a big industry, as you would several permits and licenses to be issued by the concerned authorities before you are allowed to commence trade. It also does require a huge amount of startup funds. Some of the ways through which you can get funds include; bank loans, angel investors and savings.
- Go into the Production of Nutrient Supplementation
The production of nutrient supplements is yet another thriving and profitable biotech business that an entrepreneur can successfully start. In the bid to improve human immune system and health, scientists are now producing genetically improved foods that contain nutrients known to help fight disease or malnourishment. So if you are looking for a business to start in the biotech industry, then one of your options is to go into the production of nutrient supplements; there is indeed a large global market for nutrient supplements.
- Pesticide-Resistant Crops
Scientist are working pretty hard to make our world a better place and to simplify the process of production in the agriculture, medicals and other related fields. So if you are interested in starting a biotech related business, then one of your options is to create pesticide resistant crops. It is normal for farmers to make use of pesticides to kill pests in their farms and sometimes the pesticides can affect the crops hence the need for pesticide resistant crops.
- Pest Resistant Crops
Another biotech business that is similar to pesticide resistant crops is pest resistant crops. Scientists have been able to make crops that are pest resistant. It means that pest can’t eat up such crops hence there will be no need to apply pesticides when such crops are planted. So if you are interested in the biotechnology industry, then one of your options is to go into the creation of pest resistant crops.
- Go into the Production of Celluloid
Celluloid is used in films production, and there is a large market for this product. No doubt the production of celluloid falls under the chemical industry and also the biotech industry. So if you are looking towards starting a business in the biotech industry, a business that requires some level of professionalism and trainings and a business that is thriving and profitable, then one of your options is to go into the production of celluloid.
Of course if you are into this type of business, you should be aware that your target market are film makers which is why you should build your marketing strategy to attract them.
- Start Recycling Medical Waste
Medical waste recycling business is yet another thriving and profitable business that an entrepreneur who is serious about making money from the biotech industry should consider starting. As a matter of fact, the recycling industry is a thriving industry hence medical waste recycling won’t be an exception. So if you are considering starting a business in the biotech industry, then one of your options is to start a medical waste recycling business.
- Go into the Manufacturing of Optic Fibers
Lastly, another thriving and profitable biotech related business that an entrepreneur who is interested in starting a business should consider starting is to go into the manufacturing of optic fibers. Optic fiber 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 manufacturing of optic fiber cables. Your major market is the telecommunication industry.
There is no contesting the fact that those who have started small in this industry, have gone all along to learn the ropes and cut their teeth big-time in this trade. This is something that you too can comfortably achieve. However, it becomes really necessary that you have all the knowledge and skill required of you. Some of these skills and knowledge are such that you can acquire by sitting under the tutelage of an expert, whilst others might be acquired online via technology.