The future of business is always uncertain, but by looking at the trends of today we can make some close predictions about the most profitable business ideas of the future. Knowing about these trends will help you best prepare your business for success. Here are 45 examples of what we can expect to see in the coming years.
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In This Article
Artificial Intelligence is one of the most rapidly-growing industries of the future. It’s already playing a huge role in businesses today and is only going to become more important in the years to come. Real-world applications for AI already exist and there’s extremely high demand in fields such as customer service, data analytics, marketing, education, healthcare, and so on. A great idea would be to start your own company that develops AI software or mobile apps such as:
1. AI-based fitness app
The app would help people to stay in shape without having to leave their homes. The app can use AI to create customized training plans and activities for a user using their current body measurements, fitness routines, and goals. AI can also be used to evaluate whether or not a person is maintaining proper posture during a workout.
2. AI-based photo editing app for hair and fashion
The current photo editing apps on the market are popular, but they don’t offer the same level of customization and flexibility that an AI-based app would offer. This new app would allow users to try out different hairstyles and colors, as well as experiment with different fashion styles. The possibilities are endless, and the potential market for such an app is huge. With a little creativity and marketing know-how, this business idea could be extremely successful.
3. AI-based diagnosis apps
An AI-based diagnosis app could be a good business idea for a number of reasons.
First, the app could be used to help people who are unsure of what medical condition they may have. Users could be prompted to answer some questions about their symptoms and then use AI to provide a list of possible diagnoses.
Second, the app could be used to help people manage their chronic conditions. It could provide reminders to take medication, track symptoms, and schedule doctor’s appointments.
Third, the app could be used to research new treatments for conditions. The app could gather data from users about their symptoms and response to treatment, and then use AI to identify new treatments that may be effective.
4. AI-based writing assistant
As anyone who has ever tried to write a business proposal or report knows, it can be a real challenge to get your thoughts down on paper in a cohesive and convincing way. Even among professional writers, writers’ block is a common phenomenon. Fortunately, you can help solve this problem by developing a writing assistant app. An example of such an app is jasper.ai or copy.ai.
With the help of artificial intelligence, your app can provide users with personalized content that is always up-to-date and relevant to their needs. In addition, your app can learn and adapt over time, making it even more efficient and effective.
Best of all, there is a huge market for such an app, as more and more people are looking for ways to improve their writing skills. With the right team and marketing strategy, your AI writing assistant app has the potential to be a real success story.
The Virtual Reality industry is growing at a rapid pace and is expected to be worth over $12 billion by 2024. This presents a huge opportunity for businesses to get in on the action and start making some serious profits. There are already a number of VR companies that are doing extremely well, such as: Oculus VR (acquired by Facebook for $2 billion in 2014), HTC Vive, Sony PlayStation VR, and Samsung Gear VR. If you’re looking to start a VR business, there are a few profitable business ideas that you can consider:
5. Virtual tours
This is a hidden gem idea that no one seems to be talking about. Creating virtual tours is a business opportunity that has the potential to bring in over $100,000 per year in earnings and the best part is not many people know about it. Furthermore, it’s so easy to start. I started one myself and got my first three clients within a month.
So what is a virtual tour? A virtual tour is a virtual 3D representation of any space that provides a 360° view and allows you a walkthrough experience of the space from the comfort of your couch.
As more and more people are looking for ways to explore the world from the comfort of their own homes, virtual tours are emerging as an excellent way for businesses to engage with their customers. Virtual tours are therefore becoming the ultimate online marketing tool for many businesses in different sectors such as real estate, retail, construction, car dealerships, event spaces, hotels, and so many others.
Reasons to start a virtual tour business
- Low start-up costs
- Work only a few hours
- Ability to reach a global audience
- Easy to start
All you need to start a virtual tour business
- A 360 camera: The two best cameras I can recommend are Ricoh Theta Z1 and Insta360 One R.
- A virtual tour software: I would recommend 3D Vista if you’d like a highly professional tool and Kuula if you’re a beginner and want an easy-to-use software tool.
- Practice: After buying a camera and getting a virtual tour software, you’ll only need a week or two of practice to get used to your new tools of trade.
- A niche: The final step involves choosing the best niche for you. Here are some examples of the best niches: hotels, real estate, construction, car dealerships, event venues, museums and restaurants.
Not sure how to start a virtual tour business?
I highly recommend checking out Ben Claremont’s course on how to become a virtual tour pro. It contains excellent techniques on:
- How to shoot professional virtual tours
- What camera, accessories, and software to use
- The 360 photo editing workflow
- How to piece together your epic virtual tour shot-by-shot
- How to get clients
- How much to charge
- How to run your virtual tour business
Ben also has a free training video on the top 10 tips for starting a virtual tour business. Check it out to find out if virtual tours are for you.
6. VR content creation
As the world becomes increasingly digitized, more and more businesses are turning to virtual reality (VR) to engage with their customers. VR provides a unique opportunity to immerse users in an experience that is realistic, interactive, and exciting.
For businesses, this means that VR can be used to create engaging and memorable content that will capture the attention of potential customers.
And for content creators, it presents an opportunity to make money by creating VR content (e.g., video games, training simulations, advertisements, travel tours, virtual tours) and selling it to businesses/individuals.
Creating VR content is not as difficult or expensive as it might initially seem. There are a number of tools and platforms available that make it simple to create high-quality VR experiences. In addition, there is a growing number of professionals who specialize in creating VR content. As a result, business owners who are interested in creating VR content can find the resources and expertise they need.
7. VR equipment manufacturing
As a VR equipment manufacturer, you would be responsible for creating the hardware and software that allows people to experience virtual reality. This could include developing headsets, hand controllers, and other types of VR equipment. You would also need to create the software that powers the VR experiences, which could include video games, educational programs, and other types of content.
There are a few things to consider if you’re thinking about starting a VR equipment manufacturing business. First, you’ll need to identify your target market and understand their needs. Then, you’ll need to source high-quality components and create a robust manufacturing process. Finally, you’ll need to market your products effectively and build buzz around your brand.
8. VR e-commerce store
One business idea that could take advantage of VR is an e-commerce store specializing in VR products. This type of store would be able to showcase products in a way that is interactive and immersive, making it more enjoyable for customers to browse and shop. Additionally, VR e-commerce stores would be able to offer unique experiences that brick-and-mortar stores cannot, such as virtual test drives or virtual reality tours of products. With the rapid growth of the VR industry, a VR e-commerce store could be a very successful business venture.
IoT(Internet of Things)
Internet of Things (IoT) is a rapidly growing sector that is predicted to have a very bright future. IoT is a network of devices that are connected to the internet and can interact with each other. This interconnectedness allows for a greater flow of data, which is what businesses will need to thrive in the future. So what are some of the most profitable business ideas in the IoT sector?
9. Connected cars
The global automotive market was worth $1.7 trillion in 2016 and is expected to grow to $3.8 trillion in 2022, according to PWC. According to Fortune Business Insights, the connected car market is expected to grow at a compound annual growth rate (CAGR) of 18.1% from 2021 to 2028, reaching a total market size of $191.83 billion. Profitable businesses in the connected car sector would be those that create self-driving cars or those who manufacture vehicle parts for this new type of car.
10. Smart home solutions
Everything from refrigerators to door locks and to thermostats will soon be connected to the internet, which means that customers can control these devices with their smartphones or other devices. Businesses in the IoT industry will have a lot of opportunities to provide services for customers who want to connect more and more devices together.
11. Data collection and analytics solutions
Businesses will need to collect data from all of the devices in the IoT network and analyze it in order to make decisions. This data will be used to improve efficiency, predict customer behavior, and more.
12. IoT security
The future of IoT is one full of devices that communicate with each other, which also means that there will be many security concerns. If businesses can’t guarantee security, it could cost them a lot of money, so developing ways to ensure security is essential.
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As we move further into the future, it’s important that businesses start preparing for what’s to come. One of the biggest trends that is set to take over in the coming years is Blockchain technology. This is a distributed database that allows for secure, transparent and tamper-proof transactions. Because of its security and transparency features, Blockchain is perfect for businesses that are looking to establish trust with their customers.
Some of the most profitable business ideas that can be implemented using Blockchain technology include:
13. Digital marketing on blockchain
With the ability to track data and transactions securely and transparently, Blockchain can be used to improve digital marketing campaigns. This can include tracking clicks, views and conversions as well as ensuring ads are being seen by real people.
Just like digital marketing, Blockchain can be used to track financial transactions such as cryptocurrencies.
15. Securing IoT (Internet of Things) devices
Blockchain will be used to provide security for these interconnected devices. In fact, decentralized security systems using Blockchain have never been more important because they ensure data transactions are secure from any third-party interference or cybercrime.
16. Entertainment business
Because of its transparency and immutability, Blockchain can be used to create a completely transparent entertainment industry. This will help establish authenticity in music and films as well as ensure royalties are distributed correctly. This means artists will get the recognition they deserve for their work while still being able to maintain creative freedom.
Robotics and Autonomous Tech
The Robotics and Autonomous Tech industry is booming and is only going to continue to grow in the future. With advances in technology, businesses are able to automate tasks and processes that were once done manually. This has led to an increase in efficiency and profitability for businesses that have implemented these technologies.
There are already a number of robotics companies that are doing extremely well, such as Boston Dynamics (acquired by Google for $500 million in 2013), iRobot, Bluefin Robotics.
Some of the most profitable business ideas in the Robotics and Autonomous Tech industry include:
17. Robotics Process Automation (RPA)
This is the use of robots to automate routine tasks such as data entry, invoice processing, and customer service. RPA can save businesses time and money, and is a great way to improve efficiency.
18. Robot design and manufacturing
As the robotics industry grows, the demand for high-quality equipment will increase significantly. This presents a great opportunity for people with manufacturing skills to get in on the action and start making some profits.
19. Robot programming and customization
This involves the customization and programming of robots to suit the specific needs of a business. This can include anything from programming robots to do specific tasks, to customizing their appearance and functionality.
20. Robot maintenance and repair
The need for robot maintenance and repair will continue to grow as more and more businesses adopt the technology. When robots fail, businesses will need to rely on proper maintenance and repair services in order to continue operating smoothly. Profits can be made by starting a company that provides these types of services.
The Telehealth sector is one of the most profitable sectors for businesses and will continue to grow in the future. The reason for this is that telehealth solutions offer a more efficient and cost-effective way to provide healthcare services. Some of the most profitable business ideas in the Telehealth sector include:
21. Providing video consultations to patients
Many healthcare providers are starting to offer video consultations to their patients. This is a great business opportunity because it allows the provider to offer their services to patients who may not be able to travel to see them in person. It also offers a more cost-effective way for the patient to receive healthcare services
22. Offering health and wellness services online
There is a growing demand for these types of services online because it offers a more convenient way for the customer to access them. Such services include personal training, nutrition counseling, yoga classes, workout classes.
23. Providing telemedicine services
Telemedicine is the delivery of healthcare services through telecommunications technology. This includes services such as remote patient monitoring and e-health.
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The renewable energy sector is one of the most promising businesses of the future. This is because it is an industry that is constantly evolving and innovating, and it has a lot of potential for future growth. There are a number of different types of renewable energy, so there are a lot of different opportunities for businesses to get involved in this sector.
Some of the most promising areas for businesses in the renewable energy sector include:
24. Solar energy
Solar energy is a very versatile form of energy, and it has a lot of potential for future growth. There are a number of different ways businesses can get involved in the solar energy sector, so there are a lot of different opportunities for businesses to explore, such as:
- Manufacturing solar panels
- Selling solar energy products and services
- Installing solar panels
- Providing solar panel maintenance and repairs
25. Wind Energy
The growth of wind energy is expected to continue at a rapid pace. By 2030, the global installed capacity of wind energy is projected to reach 1,792 gigawatts, up from 743 gigawatts in 2021.
26. Geothermal energy
This is a business opportunity that is on the rise. With the world moving towards cleaner and more sustainable energy sources, geothermal is becoming an increasingly popular option. It is a reliable and low-cost energy source, making it a great option for businesses.
3D printing is the process of making three-dimensional objects from a digital file. This technology has been around for a few years now, but it is still in its early stages. So what are some of the most profitable business ideas in the 3D printing industry?
27. 3D printing services
Businesses that offer 3D printing services are already doing very well. This is because there are many businesses and individuals who need prototypes or small batches of products made quickly and efficiently.
28. 3D printing materials
As the demand for 3D printing increases, so will the demand for materials to print with. This presents a great opportunity for businesses that manufacture or sell 3D printing materials.
29. 3D printing retail
If you want to start a business that is related to the future of 3D printing, then starting your own retail store could be a great idea. These stores will need to offer customers everything from printers and materials to designs and instruction manuals.
30. Designing 3D models
Businesses that design 3D models for use in the printing process will be very valuable, as businesses can’t create their own models for every product that they need. This is a job that requires a lot of creativity and artistic work, but it’s also one where you can make a lot of money!
The alternative plastics industry is expected to grow significantly in the next few years, as more and more people become aware of the environmental impact of traditional plastics.
The alternative plastics industry offers a number of exciting opportunities for businesses. Here are some of the most promising businesses in this industry:
31. Recycled plastic products
There is a growing demand for recycled plastic products, such as bags, cups, and containers. These products are environmentally friendly and affordable, making them a popular choice for consumers.
32. Bio-based and Biodegradable plastics
These are made from renewable resources, such as corn starch or sugar cane, animal bones, or natural oils They are a popular choice for businesses that produce food and beverage containers because they help with branding. They are also popular among consumers who want to reduce their carbon footprint.
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The plant-based and vegan food industry is booming, and it’s no surprise why. People are becoming more and more interested in plant-based foods, and the demand for vegan food is increasing each year. If you’re looking for a profitable future business idea, this is it!
There are many different ways to get involved in the plant-based and vegan food industry:
33. Plant-based food products
There is a growing demand for plant-based food products, such as meat replacements, cheese replacements, and dairy replacements. These products are affordable, environmentally friendly, and taste great, making them a popular choice for consumers.
34. Vegan restaurant business
Starting a vegan restaurant business or franchise is a great way to tap into this profitable industry. If you want to get into the plant-based and vegan food industry but don’t want to start your own business, then consider getting involved with an existing restaurant by becoming their supplier of plant-based and vegan foods.
35. Vegan recipe and product line development
Another way to get involved in this industry is by developing new recipes for plant-based and vegan food products. You can start off simply with recipe development before eventually launching your own product line.
36. Vegan food classes/courses
If you don’t want to create your own plant-based or vegan product but still want to get involved in this industry, then consider creating a plant-based or vegan cooking class. You can teach people how to prepare delicious plant-based and vegan foods in their own homes.
More profitable business ideas of the future
The fintech industry is booming and is expected to continue to grow in the years to come. This is why it is a great business idea of the future. You can specialize in areas such as mobile payments, peer-to-peer lending, big data, and blockchain technology. With all of these different possibilities, there is something for everyone in the fintech industry!
38. Outsourcing Business
Outsourcing is already a well-established business model and will continue to grow in the coming decades as it offers great benefits for both businesses and consumers. For businesses, outsourcing offers a way to provide temporary employees to other companies at a lower cost. This can save businesses time and money, as they don’t have to hire employees themselves and can outsource work to other companies that specialize in that area.
For consumers, outsourcing offers a way to get affordable services from qualified professionals. By outsourcing services such as web development, accounting, or legal services, consumers can get high-quality services at a fraction of the cost.
Mobility-as-a-service (MaaS) is a business model that offers transportation services through a single platform. This means that consumers can access all modes of transportation through one app or website, making it easy and convenient to get around. MaaS is becoming more and more popular, and with autonomous vehicles coming soon, the opportunities are unfathomable.
40. Genomics and DNA Sequencing
With the rise of personalized medicine, the demand for genomic sequencing is increasing each year. In fact, it is estimated that the global genomic sequencing market will reach $94.65 billion by 2028. So if you are looking for a profitable business idea of the future, here’s a good option!
You can get into biomedical research or specialize in other areas such as bioinformatics, laboratory information systems, and genetic biosciences. With all of these different possibilities, there’s a lot to look forward to in this industry.
41. Vertical Farming
Vertical farming is a type of agriculture that takes place in vertically stacked layers in a controlled environment. This type of farming is becoming more and more popular, as it offers a number of benefits for businesses and consumers for instance increased food production, reduced energy consumption, and reduced environmental impact.
42. Stem Cell Organ Growing
The stem cell organ growing industry offers an exciting opportunity for businesses since there’s a growing demand for stem cell-based organ replacements, such as hearts, lungs, and kidneys. The stem cell organ growing industry is expected to grow significantly in the next few years, as more and more people become aware of the benefits of stem cell technology.
43. Car Charging Stations
As electric cars become more popular, the need for car charging stations will continue to grow. You can get involved in this industry by building a charging station yourself or offering charging station installation services.
The metaverse is a virtual world that allows users to interact and engage with each other. It is often described as an online world that is built on top of the existing internet infrastructure. The metaverse offers a number of possibilities for businesses, including online retail stores, virtual reality games, social media platforms, and online education platforms.
45. Holographic Theatre
Holographic theatre is a type of entertainment that uses holograms to create a three-dimensional image. This type of theatre is becoming more and more popular, as it offers a unique and immersive experience for the audience. If you are looking for a business idea of the future, holographic theatre is a great option. You can specialize in areas such as production, design, marketing, or programming.