Category: Business Ideas

In society, transportation is needed by everyone. Transportation mediums can be present in different types, such as cars, bikes, and more, but the truth is that car-based transportation acts as the most basic necessity.

Since every successful business idea is based on necessity and demand, therefore, we researched for most profitable business ideas based on transportation, and while doing so, we found business ideas based around cars to be among the most profitable business ideas.

The Internet has brought many advantages with itself with the biggest advantage being providing a platform for offline business to go online. Aspiring entrepreneurs brainstorm to come up with new online business ideas, which present an excellent opportunity for many to give wings to their entrepreneurial dreams.

Like other online business ideas, car based online business ideas are further divided into several sub business ideas, such as car renting business, car marketplace system, peer to peer car sharing marketplace, car classified business, and more. To know more details about these online business ideas, continue reading.

Online Cab Booking Website

Online cab booking portal is one of the most profitable car-based online business ideas of recent times. This business idea was successfully implemented by many including Uber, which has expanded its reach in many countries.

The main idea behind car booking portal is to provide an easy way for users to order cabs. In an online cab booking business model, the user books a cab on the car booking website. As per user’s current location, the cab driver is notified to pick the user.

Online Car Renting Business

Car renting business is relatively new as compared to other car-based businesses. This business model enjoys less competition and presents the perfect opportunity for entrepreneurs to earn profit. In a car renting business, the user rents the car from the renting website. The payment is made online and the car can be picked from nearby location.

Online Car Marketplace System

Experts predict that around 74 million automobiles are expected to be sold in 2016, which is higher than previous years. The demand for automobiles and the need for a centralized platform to sell cars make the car marketplace business idea one of the most profitable.

In an online car marketplace business, the seller and buyer register themselves on the website. The seller can post images of the car along with other information. The buyer can buy the car after reviewing it and pay through the website itself.

Peer to Peer Car Sharing Marketplace

Online peer to peer car sharing marketplace is successfully implemented by companies, such as Getaround and RelayRides. In a P2P car sharing marketplace, the owner can list the car on the website and car renters can connect with car owners seamlessly.

Depending on the different renting terms and conditions proposed by the website owner, car renters can rent the car for time durations, such as for a day, for few days, a week, a month, and more.

Online Car Classified Business

Car classified website presents a profitable opportunity for an entrepreneur who wish to earn revenue by being a part of an industry that accounts to $73.4 million in projected sales for 2016.

The car classified portal is an important place, where car owners can sell their cars to potential buyers. In such a business, car owners can list their cars on the website, and buyers can buy the car after contacting the owner. Additional features can include showing pictures of the car, reviews, and more.

Want to add more to this list? Drop a comment below.

Veenu Sharma, digital marketing specialist at FATbit technologies, a web development company that primarily help startups in establishing & running their business by building them technology solutions and guiding them on choosing the right business approach through informative blog posts.

Profitability of a business mainly depends on the industry chosen. Some industries go to past when their lifespan finishes, while the other become popular. This article will mention the 5 most profitable business sectors. Take a look at them and think which one appeals you more than other.

Mobile Businesses

We are not talking about a production of mobile phones or developing the apps. Mobile business are business operating where the customers are, which are instant and easily accessible.

1. Auto repair

Auto repair services and maintenance are always needed. If you are a skilled worker and have at least a basic knowledge on how to change the oil and refill fluid, then open your mobile the repair service of vehicles. You will be amazed by how much many people can pay for this service.

2. Food courts

Here your success may depend on a location, service and the variety + quality of food. Make some special dishes that will look appealing and taste deliciously.

3. Mobile phones repair

Nowadays people are obsessed with their phones. Many of us eat, walk, ride a bicycle and even sleep with gadgets. Therefore, when our phones break, we are ready to spend as much money as needed to bring our phones to life. Mobile phones repair can make you a millionaire in the 21^st century!

Businesses oriented on children/students

We live in a fast developing world with the population growing every day. Remember that kids are everywhere because of a baby boom and parents do not want to economize on them. That is why the business sector oriented on children is among the most profitable ones.

1. Services for post-pregnant mothers and newborn children

Lactation consultants and psychologists for mothers are always in a demand.

2. Additional courses

Music schools, sport centers and courses of hand-made for children use to be popular for the broadening the knowledge of youngsters and making their lives more fun.

3. Creating apps

New young generation is knowledgeable in all the electronics. Therefore, if you know how to create an educational and interesting app, then you are more than welcome to do so. Be creative and, therefore, you will become rich!

4. Custom writings service

Many students want to relax while their work is being written by anybody else. Thus, this business may become profitably for you to open.

Stuff sales

Under the words “Stuff sales” we mean the business sectors that operate selling the touchable items and products.

1. Clothes & Accessorize

There are quite a lot of shops and malls, where you can buy clothes and accessorize. However, exactly your business can become in the Top if you hire a couple of designers with a good taste. Why not to try?

2. Equipment for home

Sofas, beds, tables…Everybody needs these items! A market of home equipment is a competitive one but profitable as well!

Online courses

People often want to learn something new to make their lives fuller. Online courses are a good opportunity not only for the users, who can be taught at home, but also for the businessmen, who can economize on rent.

1. Language courses

English is a Lingua Franca of a modern world, this is the main language of business. Therefore, just hire the native speakers and ask them to teach people from all over the world. Although, English is one of the most popular language today, do not forget about Chinese, Spanish, Russian and a couple of others.

2. Hobbies

Courses oriented on the hobbies of different people are always worth starting up the business based on. For example, make a website and add some videos on the topics such as cooking, creating the apps, learning how to ride a bicycle and many others. You will earn a lot of money depending on a quantity of “clicks” made on them.

Oil & Gas

The top 15 billionaires in Nigeria and other countries have the businesses in the Oil & Gas sector. This sector has always been the most profitable one. However, it is really hard and expensive to start working in this field.

Image source: Flickr

Not all dreams turn into reality, similarly not all business ideas may substantiate into a profitable business venture until you strive to incorporate certain tips and guides to step into the market, you aim to enter. Having a leading clothing brand in your name could be one of your biggest dreams and you would go to any extent to fulfill it. This passion and resoluteness of purpose could be your driving force for sure.

If you have always felt that you have a pretty decent fashion sense that can be bought on the forefront and is capable of leaving an everlasting impression on the vast majority of the population then take it up as profession and gear yourself up. However, before you set up your own fashion business, the most convenient being online, you can derive inspiration from similar online fashion stores like Sophie and Trey, Eddy Bauer or Nordstorm, who even have their own fashion blog. Carrying out more market research will help you gather viable information to take up this endeavor as starting a business is no small feat.

1. Initiating a fashion business is a bottomless and demanding profession to step into

The highly dynamic world of fashion demands fashion entrepreneurs all over the world to commit themselves to self-discipline. Aspiring to setup a fashion business of your own requires persistence, resolution and enthusiasm and it is all the more challenging as it is an industry with a lot of competition. Minute details need to be taken care of from the generation of the idea, design and development, production and supply chain, marketing and PR on to sales and distribution . Even if one of the pieces of the puzzle is missing your business prospect may backfire. This is why you need to think in the capacity of a CEO first and own up for the gains and loss that you face throughout the journey.

The opportunities are endless and the level of creativity which you can display is also many and varied.

2. It will take time before you start to earn a living from your business

You need to come to terms with the fact that your expectations need to be toned down and that being an entrepreneur involves its fair share of risks which you might need to undertake to be successful in the future. It might take a considerable amount of time for your ROI to actually start generating. You might have to invest a substantial amount of your own money and even repeatedly invest to drive the growth of your business. You just need to have the inner resilience and belief that you can do it.

3. Self-assessment of your  skills and network

What team work can achieve certainly cannot be accomplished by individual effort. All entrepreneurs are well aware of the fact that they the need some sort of credibility in the market and for that they need a good network with whom they can partner to spread out their roots in the fashion industry.

Building your skills is the first step to filling any loopholes that may deter your growth and so that you are not like a square peg in a round hole. Although fashion designers do not necessarily need to have a degree certifying their professional training, a missing foundation in this regard can bring you at a stage where you will be puzzled by the trends in the industry, which you need to familiarize yourself with. Before you actively try to seek a market share in the fashion industry you need to have some substance and sound knowledge which helps you stay aware of the ground realities.

A well thought out and innovative process is the key to driving a fashion business that is on the road to unprecedented success. The whole process should be so well organized that it not only works out for you but for others who are working with you too. You need to analyze if you have the required personnel and resources which can be leveraged to make your business a profitable and productive venture. Do not hesitate to delay your venture a bit into the future until you are fully equipped with the skills set and tools to make it a success.

4. Keep well abreast of the competition

Never underestimate the potential competitors that could possibly be a hurdle between your business and your final destination. You might feel that you are unique in the market but you need to search up similar brands operating in the same niche as there are chances you might come across competitors that may not be in direct competition but may pose a potential threat in the future. Consumers have a certain perception regarding brands and the way they categorize it in their minds. Catering to their mindset should be your utmost priority; hence market research is an absolute necessity.

5. Integrating social media into your business

In order to be the cynosure of all eyes you need to market your business in a way that appeals to your target market. You need to differentiate yourself from the rest of the brands by making social media, a compulsory part of your marketing and strategic campaign. The digital era that we live in goes above and beyond mere print advertisement or direct mail to be more specific.

Consumers are all the more demanding these days and feel the need to stay updates in real time. Fashion trends spread like forest fire and there seems to be a non-exhaustive race for surpassing the other. Here, is when you need to ally strongly with social media to create an online presence that is ever-lasting. Social media offers almost free of cost advertising platforms that are sure to boost sales and revenue. Your social media posts are sure to arise the interest of many people in the fashion industry, alike. If you wish to grow your brand organically your social media content and strategy should be synchronized perfectly well.  As you may very well know, most start-ups come into existence via the dynamic online platform that is accessible to the general public.

6. Develop a portfolio

Let your work speak for itself and have a collection of well shot photos that speaks volumes about your quality work and helps you create your own unique identity. Featuring your best and most superior quality work in one place is sure to sell your work at a decent price. 

The fashion industry sure is unpredictable and highly dynamic but if fashion business ideas and implemented in the right way they can be exceedingly profitable, attractive and rewarding in the long run, as there is no chance that this industry goes to a low ebb.

Sometimes, we would want to join the smart home revolution but we fear that the budget might overwhelm us. As it turns out, an average rental tenant or home owner can afford plenty of components as far as home automation is concerned. Money is only a problem if you want high-end home automation. If a home owner would be willing to wait for the early adoption phase to be over, components for home automation will even be cheaper. Progressive Automations’ website 12vactuators.com can be used during the course of home automation. Below are components a home owner can acquire for less than $100.

The first component a user can get under $100, are the smart outlets or smart plugs. They are wall extensions which provide better control of the devices and appliances connected to these outlets. The most popular of these is the Belkin Wemo switch which goes for around $45. It has a great name, the best promotion and marketing surrounding it, plus it is easy to use. This does not make it the best choice but there is a consolation in knowing that there are many users of the switch and thus is even easier to get help in case problems come along the way. Other switches that are less versatile than the Belkin Wemo switch include the Ankuoo NEO that only costs $31 and a better brand, SmartThings power Outlet that goes for $55.

A user can also enable smart lighting as another component of home automation. For maximum convenience, specific lighting systems can be bought, that have the best elements of smart technology build in them. Phillips Hue Lightbulb is the most recommended solution, and goes for $20. it is an LED bulb that is designed to save up to 80% energy than the traditional bulbs. You set it to trigger according to a timer or even control it remotely with a smartphone app. Other alternatives to the bulb include LIFX Dimmable Smart Bulb that goes for $99.

Smart sensors are another key component of home automation. Sensors of different types are available depending on the smart home hub you choose, that range from temperature sensors to motion sensors, from weight sensors to humidity sensors. The Aeon Labs Multi-Sensor is a good place to start if you do not have a clue where to start. It is a four in one solution offering sensors for humidity, lighting, temperature and motion. It uses the Z-wave protocol for communication and only costs $49.

Gardening is a practice people carry out to blow off work-related steam. Sometimes, it gets cumbersome, for example in knowing at what rates to water plants. Smart gardener comes to the rescue. The Parrot Flower Power is a good smart gardener to start with. It is a smart plant sensor that in real time, tracks your plants’ health. The information is then sent to your app. It costs $60.

The Smart Egg Tray is also a component you need to smarten up your home. It holds up to 14 eggs and has sensors to know which egg has stayed the longest thus you can be able to track the eggs going stale. It also syncs to your smartphone and you can be able to know when you are running low on eggs. It goes for $10.

In setting up home surveillance, you need several smartphones that you do not use anymore. Using mobile webcam apps, set the phones up and once they are ready, use Webcam Watcher as central monitoring station for the smart surveillance. An alternative to this is the D-Link Wireless Surveillance Camera that goes for $47.

Home automation help entrepreneurs. By setting timers on various appliances, a lot of time is saved for the entrepreneur who can use this time to do other things. For example when they wake up, the coffeemaker will already have made coffee. Entrepreneurs’ efforts are also saved by sensors in the house. During their course of day, they get tired and would not want to go home to turn on air conditioning, the sensors do this for them.