If you are an entrepreneur who wants to invest in the technology industry, this article will give you 27 unique and highly profitable tech business ideas.
These are some of the best tech businesses because they aren't very competitive and can provide you with a good income.
What's a Tech Business?
What is a tech business?
A tech business is one that uses technology as an integral part of its operations.
Examples of tech businesses include:
- Software development (e.g., web and mobile apps, games)
- IT consulting (e.g., computer repair, security)
- Cloud computing (e.g., storage, software-as-a-service (SaaS), infrastructure-as-a-service (IaaS))
If tech is something you’re passionate about, then consider starting a business around this industry. The competition can be stiff, but it’s one sector that’s quite profitable
Tech Business Ideas to Start in 2022
Here are some of the best tech businesses you should consider starting:
1) Start a web design company
Web design is a lucrative tech business that anyone can start. Contrary to what many people believe, you don’t have to know how to code to run a web design business.
There are lots of drag and drop website builders like WordPress Gutenberg, Webflow, Wix, Squarespace, and WordPress page builders like Elementor, Beaver, Divi and Thrive Themes that make design a no brainer.
You might have to invest in the acquisition of some of these tools, but since you will be taking the cost into consideration when pricing your services, this shouldn’t be an issue.
You also need to build up your portfolio, so start with your own personal projects. You can also offer discounted offers for friends and family. Once your portfolio is set up, start looking for clients.
Once a client expresses interest in working with you, reach out and start conversations about their needs for their projects. You can offer a few different price points depending on the amount of work involved, and what the client hopes to achieve.
Another popular way to get started as a web designer is to leverage online marketplaces like Fiverr and Upwork. With a good strategy, you should land your first client within a month. During this time, continue building up your website to better reflect the quality of work that you do.
If completing the project involves more work than expected (which it often does), make sure to have clear communication channels set up with the client so that both sides know what's expected of each other during each stage of development.
2) Build an NFT Marketplace
Next on the list of tech business ideas is building an NFT marketplace.
NFTs are on the rise, from Twitter CEO Jack Dorsey's first tweet going for $2.9 million to Chris Torres (the creator of Nyan Cat) selling his meme for $590,000.
As more and more people get involved in this trend, it will become essential to have a place where they can buy or sell their crypto artworks.
Sure there are NFT marketplaces already in existence, but they are catering to every Tom, Dick, and Harry. Niched marketplaces that have a particular taste of clients and artists still have a place in this fast-growing space.
This is exactly where you come in! With your marketplace, NFT collectors will be able to acquire new digital assets that belong to the blockchain and add them to their collection.
3) Graphic Design Business
Online graphic design business is a low-overhead and easy business to start, with many opportunities for growth. The most important skill you need is graphic design, of course. Then you can offer your services to local businesses, or on a freelance website like Upwork.
You could also outsource all the design work to freelance designers and take a cut of the sales. There are plenty of designers on Upwork who would be happy to work with you, so it’s not hard to find people who would do great work that fits your budget!
Another way to start a web design business when you’re no designer is to utilize unlimited design services like Penji or Kimp.
Once a client orders from you, you send specifications to your design lead at Penji. Given that you can charge $100 for high-quality logo design, this outsourcing model can be quite profitable if you manage to fulfill 10-20 design projects every month.
4) Start a Tech Blog
You don't have to be a tech expert to start a tech blog. You can start a tech blog by hiring freelance writers to do content creation. Just like any other business, a tech blog needs a solid business plan.
You need to identify your target audience and the business model. You need to decide what kind of content you will be creating, and how often you will be posting. And, most importantly, choose a profitable niche in which you can compete with established bloggers with ease.
If you have an interest in technology or IT products and services, then this may be one of the best tech business ideas for you!
5) Start a VR Based Marketing Agency
Virtual reality is taking the world by storm! Once you know how to market it, you can start your own VR Based Marketing Agency and make money from selling marketing services to businesses.
You can also offer marketing services in addition to VR products like virtual tours, virtual content, etc. Basically, it’s about using VR products for marketing purposes or making any business transaction more efficient and interesting.
For example, if a restaurant owner wanted to convey the full experience of dining in their restaurant before trying it out themselves, they could use virtual reality glasses so customers can see what it would be like to dine at their establishment.
You need an in-depth knowledge of digital marketing, especially because of the various types of online tools that are used by businesses these days such as social media websites and blogs which have become an integral part of any successful business strategy today.
6) Software Development Business
Software development is a highly profitable business idea because the software has value to just about every industry, from businesses to individuals.
- mobile applications
- website applications
- data analysis automation tools
- automated customer service bots and more
7) Mobile App Agency
A mobile app agency creates and develops apps for clients, who may be any kind of business.
As mobile devices become more and more central to the way people access information and consume content, apps are increasingly important. They function as a gateway through which customers can interact with your brand on a daily basis; if done well, you'll have them coming back for more.
Depending on your clients' needs, you can focus either on design or programming.
Designing a good user interface (UI) is about creating an attractive-looking app that's practical to use and easy to navigate.
Programming is about writing code in order to make everything work seamlessly in the background. The key here is making sure that it all syncs up properly—no one wants an app that crashes every time they open it up!
Once you've decided what services your company will offer, start building connections with potential partners (such as other developers or designers) and create your company's website and social media presence before hunting down clients.
When it comes time to pitch your services to clients, having these things in place will give them confidence that you're serious about their project!
Finally, don't forget marketing: advertise yourself on tech blogs or by attending tech conferences where potential clients might be present.
8) Technical Writing
You can work as a full-time technical writer, consulting for various companies. You can also offer training services to help people learn how to write professionally.
You can find numerous online courses on Udemy and LinkedIn Learning that teach you how to break into the technical writing industry and start earning money.
You don't need a college degree or prior knowledge in this field—just the willingness to learn, practice, and keep pitching prospects.
Some of the most popular names that employ technical writers include Amazon, Cisco Systems, IBM, and Microsoft. However, you'll have more success if you approach smaller businesses first and try to build a solid portfolio with them before moving on to bigger clients.
As a beginner, you won't be getting paid as much as your more experienced counterparts (about $42k/year), but once your skills improve and you get hundreds of projects under your belt, you'll be able to earn up to $120k/year or even more.
9) Tech Consultancy Business
If you're a tech expert who's good with people, why not help businesses solve their problems? You can do this while working remotely, defining your own work hours.
The focus here is on helping other businesses be more effective and efficient by leveraging technology.
This is a great business if you have experience in the industry, especially if that experience was gained by working for an established company in the field.
However, keep in mind that starting any business takes hard work and dedication!
10) Cybersecurity consulting business
You can provide cybersecurity consulting services to clients in several ways. It can be an hourly-based consulting service with a flat fee for every hour of your work on the project.
Another option is per project. You will estimate how many hours will be needed to complete the project and charge an amount that you think would cover both your time and effort spent on it as well as give your business a good profit margin.
Alternatively, you should consider offering cybersecurity consulting services as a monthly retainer agreement or fixed contract. When you opt for a fixed contract, you need to charge your client a set amount of money based on what they expect from you in terms of work and deliverables.
It is recommended that you start working as part of another company’s team before starting your own cybersecurity consulting business because this way you will gain experience and build professional contacts that could help you grow your career further down the line.
Building a cybersecurity consulting business is no easy task, but if done right it could prove to be very lucrative since businesses are always looking for ways to protect their data from being stolen by hackers and cybercriminals who use increasingly sophisticated methods of attack with each passing day.
11) Develop an influencer marketing platform
Today, there are many businesses that use the power of influencers to promote their products.
However, this process is not without problems. First of all, it’s not always easy for brands to find relevant influencers, who would promote their products in a way that would benefit their business.
Secondly, clients may have issues with calculating payments and paying out their influencers on time: tracking all these transactions manually can be quite time-consuming and difficult.
This is where an influencer marketplace comes into play. Bridging the gap between brands and influencers looking for work.
If you choose to develop an influencer marketing platform, your target audience will be brands and advertisers (your customers), as well as social media stars (your affiliates). The idea is to provide a tool that will make it easier for both parties to find each other and collaborate on brand promotions. To do this, you might include features such as:
- An advanced search where users can look for particular keywords or hashtags
- A rating system for social media personalities
- A tool that allows users to create custom deals and monitor them in real-time
12) Start an Automation Service Business
Business automation is the use of technology, software, and artificial intelligence to automate business processes.
Automation has been taking over many industries for a number of years. The benefits are clear: increased productivity, easy access to data, more efficient processes, and reduced costs.
To implement automation, businesses hire experts and consultants to help them determine what needs automating and even how to integrate various software tools.
By starting a niched business automation venture, you can be the place that these businesses go to when looking for automation solutions.
13) E-commerce Business
E-commerce is a great sector to get into, as there are always new ideas, trends emerging, and hence opportunities emerging.
Some of the biggest companies in the world today are e-commerce companies, including Amazon and eBay. Here are some different types of e-commerce businesses:
- Supplier – Wholesale products online
- Specialized – Specialised services such as handmade items
- Retailer – Sell generic (or well-branded) products from other suppliers
- Bricks & Mortar Reseller – Combination with traditional retail outlets
14) SEO Consultancy
As an SEO consultant, you'll be providing clients with a number of valuable services.
First, you'll help them know how to optimize their websites for better search engine placement by ensuring that their content is relevant and original.
Secondly, you’ll guide them in determining which keywords to target that will give them better chances of ranking faster.
Thirdly, you’ll develop a link-building strategy they can implement to increase their Domain Authority in the eyes of Google.
Finally, there's back-end optimization. Think technical SEO. When Google crawls a site, it checks for many important factors including HTML tags like headers, links, and images (just to name a few).
15) Drone videography
Drones are great tools to take footage and photography of subjects that require a different perspective.
They can capture 4K video and photos like never before. The use of drones has become a popular trend in the film industry, but you don’t have to be shooting the next blockbuster movie to benefit from them.
You can shoot commercials for real estate or other businesses, shoot photos and videos for celebrity events or collect aerial data for an agricultural business.
There are endless possibilities of what you can do with drones if you have the right equipment, some creativity, and an entrepreneurial mindset.
What equipment do you need?
To get started with your own drone videography business, all you need is a drone! But there are many different types of drones out there so make sure to choose one that will best fit your needs.
The DJI Mavic Pro is a good investment. It’s lightweight, portable (it folds into itself), and easy to use while still having high-quality features like 4K video quality.
It also has obstacle sensors on all sides which helps avoid crashing into objects while flying around your subject.
16) Develop an online marketplace
One of the best tech business ideas you can start is an online marketplace.
An online marketplace is an eCommerce website where products and services are provided by multiple third parties, while transactions are processed by the marketplace itself.
You might have heard of some of the most popular marketplaces including Amazon, Etsy, Airbnb, Udemy, and eBay.
The truth is, most markets are dominated by tech giants above, so going head to head with them isn't a good move. Instead find a smaller, niched segment you can service and build your marketplace there.
17) 3D Printing Business
3D printing is becoming a huge part of our lives, so much so that there are now 3D printing stores. You can print virtually anything if you have the right knowledge and resources.
As 3D printers become more advanced and prices come down, it's only natural to consider starting a business that revolves around technology.
It's important to note that 3D printers are not just for printing objects. They can also be used to create prototypes of designs from software programs or from hand-drawn sketches.
The main advantage is you're able to see your final design and make any necessary adjustments before manufacturing it in bulk quantities.
A big initial investment is required, though: industrial-grade printers are expensive! And there are other costs associated with running a 3d printing business too (such as materials like a plastic filament), but once you've invested in this equipment, product development becomes much easier since all production takes place under one roof (i.e., at home).
18) Bitcoin Mining Business
If you are looking to start a business in the tech industry, then this might be an opportunity for you.
Bitcoin mining is simply the process by which new Bitcoins are added into circulation. In order to do this, Bitcoin miners must verify transactions and solve computationally difficult puzzles. If they succeed, they will be rewarded with Bitcoins as a result.
Note that the Bitcoin mining business is quite expensive, so it’s better left to bigger corporations.
19) Virtual Tour Business
Virtual tours have become more popular over the past few years, with companies increasingly offering this service to people who are looking for a business or home.
In most cases, virtual tours use one of two different technologies. They either create videos that take you from room to room and give you a quick look at any given space, or they use 360-degree photos that allow the viewer to see an entire location in an interactive way.
Part of what makes creating virtual tours such an appealing business idea is its low barrier to entry. Most people already have a good enough camera on their smartphone to shoot good quality images, and there are several free apps (like Google Streetview) that allow you to stitch together your photos into one cohesive tour.
The only cost involved with this business is your time; so if you’re creative, organized, and willing to put in some effort then odds are good that you can turn it into a full-time job.
Another reason why creating virtual tours is such an appealing business idea is because there are so many different types of clients who might need them — real estate agents, travel companies, hotels/resorts, or even local small businesses like car dealerships or retail stores.
20) Build an AI Copywriting Tool
AI copywriting tools are software that can generate content based on a series of inputs. They’re good at creating the first draft of the content, and they save you time by doing the heavy lifting. They can also help you create more content in less time.
AI copywriters are trending now, so there might be money in it for you!
To market an AI copywriting tool, target people who do a lot of writing and blogging for their job (like writers and marketers).
21) Remote Working Solutions
Remote working solutions are becoming more and more popular in the business world.
As such, many businesses are looking for effective solutions to help their employees work remotely, more effectively.
If you have experience in this area, this could be a good opportunity for a tech business.
22) Start a Portfolio SaaS
If you want to create a portfolio SaaS, you're better off building it as an open-source project. This will allow you to build a community and get other developers excited about working on the project with you.
There are already some examples of this out there, but they're not as elegant or powerful as I think they could be.
For example, there's Carrd (a drag-and-drop website builder) and Clippings, that’s mainly for content developers.
If you can improve upon either of these tools and make them easier to use, then starting a portfolio SaaS could be a great business idea for you.
23) Build a Niche eLearning App
The eLearning market is growing rapidly and people are willing to pay for good learning resources. People want content that helps them learn quickly. No one wants to spend hours reading manuals or watching dull tutorial videos.
Besides, it's easier for you to create a quality app in a specific niche than trying to build something huge covering everything – this way you'll most likely end up with an average product at best.
You have several monetization options: selling ads, charging for in-app purchases, or charging for premium access which gives users access to exclusive content and features such as removing ads, downloading courses, or getting free courses from other users.
24) Data Analysis Firm
To start a data analysis firm, you need to have a deep understanding of the field.
In order to be a truly elite data analytics firm, you need to have people on your team that have degrees and years of experience in data analytics.
There are many types of analysts out there but they can mainly be broken down into 2 categories; business analysts and technology analysts. Business analysts analyze business processes while technology analysts focus more on the technical aspects of data analysis.
The primary goal for any analyst is to create insight from large amounts of complex or disparate data sources. This can only be done by employing the proper tools and asking the right questions about the data being analyzed.
It is essential that the design, implementation, and ongoing management are designed with flexibility in mind because changes are inevitable as new information becomes available during an analysis process.
Data analyses take place everywhere from small local businesses to national organizations that collect and process tons of information every day.
Because market research is used across every industry, it's not hard to imagine how valuable information like this could be for companies looking for insight into customer behavior and trends in their niche industry.
25) Business Incubation
Business incubation is a process that accelerates the success of startup companies. You can also call it a business incubator. The function of incubation is to provide new startups with the resources they need in order to grow and succeed.
A business incubator provides entrepreneurs with some benefits that generally include access to shared management, accounting, and legal services, as well as technology and marketing resources.
They are usually non-profit organizations that are focused on helping small businesses grow by providing them with a variety of support services and resources.
To start your own business incubation center, you need to get funding first because you will be starting a nonprofit organization (NPO). After getting the funds, go and register your NPO so you can have a building for your center.
You should then look for businesses that need help before looking for mentors who can help teach the young entrepreneurs what they need to know about running their businesses. All these mentors would be working on a voluntary basis or by compensation from the funds raised from donors or investors who believe in what you are doing.
26) Tech Podcast
Podcasts are quite popular at the moment, and if you have a computer and some recording equipment, you can start your own! Because podcasts attract such a niche audience, they can be extremely profitable.
The biggest challenge is to get your podcast out there so people can listen to it.
To make money from a podcast, you need sponsorships from brands that match the type of content in the podcast.
Brands will sponsor podcasts for different reasons; for example — because the brand has a product that matches what is being discussed in the episode or because they want their name to be associated with an entertaining personality who has a large audience.
27) Tech YouTube Channel
You can create a tech-based YouTube channel. You should be passionate about the tech industry and have sufficient knowledge to strengthen your message. Channel topics can include:
- Hardware reviews
- How to guides
- Tips and tricks
- Game reviews
- App reviews
It seems like the world is always on the lookout for something new and better, making technology one of the most thriving industries in today's economy.
Whether you want to build your business around a mobile app, a gaming console, a piece of software, or an online platform, there are plenty of ways to make money with tech products.
While it may seem like everyone has come up with all the possible ideas already, there are still plenty of tech business ideas and opportunities that are still not well serviced.
Depending on how much money you have at your disposal and your level of technical knowledge, you can start some pretty cool enterprises by creating everything from basic apps to full-fledged advanced software systems.
The biggest challenge when starting out is finding an idea that's both innovative enough to be commercially viable but not so complex that it will take too long or cost too much money.
A great way to find inspiration for new ventures is by looking at what's trending in society today as well as what technologies have recently been developed or improved upon; then think about how those trends might translate into products that people need in their lives right now or would soon enough if they were given access to them through app/software etc..