5 Innovative Tech-Related Business Ideas
Technology-related businesses have the potential to grow rapidly and generate important revenue for its founders, and at the same time provide solutions for the client needs who are looking to solve a specific tech issue or find a product that suits their needs. While there are many tech ideas related to business, entrepreneurs can choose one that will make them work with dedication and passion in order to deliver an innovative product or service. Below we present five tech-related business ideas that you can use to start your own company.
1. Chatbot builder
Chatbots are the product of artificial intelligence and are becoming more advanced as new developments unfold in this field. A chatbot creator can be useful to businesses that need to constantly communicate with their clients or offer client support services.
Motion AI, now acquired by HubSpot, is an example of a business that started by offering visual chatbot builder services. The aim, as for virtually all businesses involved in the creation of bots, is to offer a more convenient and non-stop way to engage with customers.
2. Buy and sell
Flippa is one example of an online platform used to buy and sell online businesses. The platform offers the possibility to acquire domain names, websites, and apps. Investors who provide this type of service are more involved in finding promising tech businesses and making a profit than in developing a new tech idea themselves, however, it can be a source of income.
3. Analytics
Creating an online platform that is used to gather analytical data can be a sound business idea when customer interaction is so important these days. The data analytics business field is developed with companies like Alteryx being among the giants in the field.
Forming a company in Cyprus can be a good business idea for investors who wish to provide analytics services to clients in the EU market. The main advantage for this location is low corporate taxes – an important element for startups.
4. 3D printing
The 3D printing industry is one that offers various opportunities for businesses because of the applicability in a wide range of industries, from the healthcare sector to consumer products. 3D Systems is an established company in this field that has developed and patented various technologies.
Investors who wish to start a business in Japan have access to an innovative and tech-oriented market and can explore this business idea as well as many others.
5. Testing user experience
UX or user experience testing is a field that is connected to the app development sector and provides valuable information for developers. Top UX agencies in 2018 include Brave UX, Clay and others.
Offshore company formation can be an option for investors who choose to incorporate a tech company. You can reach out to a team of experts who can help with complete incorporation services.
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