Are you planning to develop a new startup that is innovative but not sure where to start from? Are you confused which business you should pursue? With numerous startup business ideas being available in the market and it can be quite difficult to consider, which one is worthy of pursuing. While you want to make something innovative and unique you also have to consider that you make money from it. Without you being able to make the moolah there is no point in beginning a startup. But while you earn money as an entrepreneur you would also like to have a niche business that is profitable in a long-term.
So while there are quite a lot of trendy startup businesses in the market that can be risky as well as rewarding. Also, having an online startup can be quite a bit more profitable than having a physical store at the beginning of the business. An online store would not require you to have an overhead cost of maintaining a store. So here are 10 amazing moneymaking innovative online businesses ideas that you can consider.
- Selfie Drones
- HIIT Equipment
- Mirrorless Camera
- Dash Cam
- Wireless Earphones
- Men’s Grooming Kit
- Phone Cases
- Power Bank
- Bamboo Toothbrush
1. Selfie Drones
No longer drones are only used for military purposes but it has an extensive use now. By 2020 the drone industry is expected to be an industry of $127 billion. Selfie drones are on the rise among the millennials who love to take selfies from different angles and aerial shots of themselves without the hassle of the Selfie stick.
2. HIIT Equipment
In the fitness market, High-Intensity Interval Training (HIIT) workout regime is one of the most popular ones. For the workout, the individuals require a variety of equipment. For an entrepreneur, this can be quite a profitable business since the market for fitness and weight loss is quite stable.
By 2019 the smartwatch industry is expected to have $53.2 billion sales revenue. The market for a smartwatch is now closely linked with fitness and has quite a huge potential. There are a variety of products in the market that not only tracks the heart rate and how many steps have been taken by the wearer. It also has GPS and helps in planning the entire day.
4. Mirrorless Camera
This is a niche market that has customers leaning towards mirrorless cameras, as they do not want to carry the bulky, heavyweight DSLRs. The launch of mirrorless cameras has resulted in lowering the sales of DSLRs. Mirrorless cameras are becoming a trend and quite the favourite among the people who use phones to click pictures.
5. Dash Cam
This is one such equipment, which is quite beneficial. It is expected that by 2020 the dash cam industry is likely to be $4.03 billion worth worldwide. Many insurance companies are now not only accepting dash cam evidence to process the insurance claim but also lowering their insurance premium if there is a dash cam installed.
6. Wireless Earphones
By 2025 the headphone market is expected to have a growth of $15.8 billion. It is quite worthwhile for entrepreneurs to invest and build a startup. With the technological advancement in Bluetooth and wifi, there is going to be a significant rise in wireless earphone business as they provide both comfort and convenience.
7. Men’s Grooming Kit
With the rise of metrosexual male who puts as much time and effort in keeping the appearance as good as a lady, the rise in men’s toiletries has been quite significant. Not many companies cater to male grooming kits and toiletries so investing money in this sector and opening a startup can be quite worthwhile.
8. Phone Cases
Everyone is having a fancy smartphone nowadays and it is like an accessory. So people like to dress it up too, so investing money to open a startup that has novelty phone cases can result in great profits. It has been estimated that by 2025 the phone accessories will have a value of $121.72 billion.
9. Power Bank
With all smart and mobile gadgets, there has been a significant rise in the sales of power banks. It is expected that by 2022 the sale of the product will rise to $25.16 billion. This is because almost 80 per cent of the internet users usesa mobile device for their business this they require mobile charges like power banks.
10. Bamboo Toothbrush
With people becoming aware of global warming and resorting to items that are recyclable and eco-friendly in nature, there has been a significant rise in the search and use of the bamboo toothbrush.
There are many innovative ideas that can help you n starting a startup that is innovative and also gives a good turnover. All you have to do it is search what is trending and unique or even come up with something new altogether.