Last Updated on December 5, 2019 by Husain Parvez
Everyone is looking for the next killer idea for a unicorn startup that will turn its founders and investors into millionaires overnight. Inspiration might come to us easily at times, but when we sit down and try to commit abstract notions to solid business plans, it suddenly doesn’t seem so easy. We can put together plans by talking things through with our potential partners, and we can also hone down our ideas by looking at other business concepts and categorising our plans more closely. Once we have that original idea and workable plan, all we need to do is put the wheels in motion.
With more tech-driven businesses, and more with a strong focus on tech, trained and competent technicians are an essential asset. At all stages in their growth, businesses should consider using IT support services for peace of mind, so they can concentrate on their core business focus.
Social media
It’s been long since Facebook and Instagram were merely a fun way of staying in touch with friends and family. Now social media is big business, and with 42 percent of the world’s population using it in one form or another, it’s hardly surprising. For an increasing number of businesses, a social media presence is central to marketing, and the various social media platforms can also be used to research and retain customers. Social media marketing is an attractive industry for those that can understand the workings of this recent phenomenon, and who can develop a strategy that best reflects the interests and direction of their potential clients.
E-commerce
eBay is a long-established trading company for people to buy and sell as they please, but there is now a much wider selection of e-commerce platforms to choose from. This ranges from Etsy to Shopify, and each provides the opportunity for users to run their own online stores. Entrepreneurs are not required to sell their own products, as they can be sourced from a manufacturer or wholesaler and then appropriately marketed to the target audience. This can be achieved with the help of a brand and an effective use of e-commerce. This kind of business can be quite easy to start and doesn’t need huge investment or overheads.
Talent management
Talent is one of the most important assets a company can have, and sourcing highly skilled and motivated employees is often a time-consuming task. It makes perfect sense this could be carried out by an external agency that specialises in matching individuals to suitable roles. Recruitment or skills agencies can be devoted to particular fields, such as web development, translation or financial services, and they can provide administrative and management services for both employers who prefer to outsource recruitment, and for employees looking to find the right positions.
Content
In the same vein as social media marketing, content marketing has become an essential part of marketing. When platforms are able to generate traffic through high quality content, there is a greater potential to earn money through affiliate marketing or advertising. Content may come in the form of blogs, articles, images or videos, and it needs to strike a chord with its audience, usually by addressing common queries or providing entertainment. There are many potential platforms from which to publish content, from established sites like YouTube or Medium, or by creating your own site using a content management system.
App development
While websites were the necessary tool of yesteryear for businesses, apps have become more important in an age which people spend much more of their internet time using a mobile device. App development is a much more desirable skill, and those who can offer this service to businesses are in a position to create a lucrative business. For those without the technical abilities to code apps themselves, these can be found in specialists who may prefer to pass on the tasks of recruitment and project management to someone else.
Graphic design
There is always a demand for good graphic designers who can understand the needs of their clients and visually communicate a required campaign with impact. Graphic designers need an eye for artistic design and taste, as well as a proficiency in software applications like Photoshop and Illustrator. Clients may be found in just about any public or private sector, and the variety of projects to produce could include logos, websites, magazines, newsletters or advertisements. Graphic designers working alone may need to take on responsibilities beyond their work, while agencies and collectives can distribute the workload more effectively.
Life coaching
The paths we take in life are not always smooth and without obstacles. Often, we cannot see what our personal or professional lives need, even when the answer is staring us in the face. Certain individuals have a talent for listening to others and guiding them in the right path. This may be the result of their own experiences or successes in a particular field, or it may simply be their ability to empathise and understand the human experience and intuit solutions. Providing individuals or teams with the chance to discuss and reflect on their experiences, conflicts and objectives is a service that can become a successful business.
Travel
As one of the world’s largest industries, tourism is big business. It represents an area in which businesses can thrive by finding their own particular niche, of which there are many to choose from. There are various aspects of the travel industry that can be focussed on, and these include flights, hotels, car hire, activities and tours, and there are many different styles and budgets in different markets. As the world evolves, travel operators need to keep up with the changes and offer their customers something original and new. Those working in the travel industry also need to be organised and have a knack for finding the lowest prices.
There are greater opportunities for startups in the current era, and in many parts of the world, entrepreneurship and innovation are encouraged. The benefits of contributing towards a startup that individuals can believe in and watch grow are clear to new generations of motivated idealists. A high proportion of startups fail, but sometimes it’s better to try and fail than never try at all.
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