73 Futuristic Business Ideas You Can Start Today [2024]

Thousands of entrepreneurs launch their businesses every year, but only a few take a futuristic approach. Those who fail to take a futuristic approach, risk closing down in the next few years.

Are you interested in starting futuristic business ideas?

If you are looking for a futuristic business, you have come to the right page. This post features futuristic business ideas for 2024 and beyond.

We'll show real-world examples of other futuristic business ideas from entrepreneurs we interviewed to help you see what it takes.

Here's the full list:

1. Start a NFT marketplace

An NFT marketplace is an online site for crypto-collectibles and non-fungible tokens where traders can buy-sell and discover exclusive digital items.

Launching an NFT marketplace requires setting up a blockchain network, integrating a chosen digital wallet, and creating smart contracts. Finally, you need to build a customer-facing web application.

Experts estimate that NFT marketplaces will continue experiencing a YoY growth of 30.72%.

Therefore, NFTs are becoming some of the most profitable blockchain-based experiments.

2. Start a crowdfunding platform

Raising money for your project can be difficult. Crowdfunding is one way to get funding through a large number of smaller investments. If you have some expertise in a particular area that may be useful to other people, there's no better time to take action. The crowdfunding revolution is happening right at your fingertips.

Crowdfunding has exploded over the past year, and you need to be a part of it. The Worldwide crowdfunding market share is expected to increase by $240B from 2021 to 2026. Crowdfunding is one of the quickest ways to get funding and build your brand.

3. Start a subscription box business

Subscription box businesses offer customers a niche set of products on a monthly basis.

They're in high demand as they add value to customer service, offer exclusive products and can be highly profitable.

To start a subscription box business, understand your niche market, provide quality products, perfect your box design, build a good relationship with fulfillment companies, and market your service.

4. Create a NFT

An NFT is a Non-Fungible Token - that means that each token is unique and can't be replaced by another token.

NFTs are a new way to create digital assets that are limited in quantity. Every time someone buys the NFT, they get the ability to use it in their game or app and they also get a share of the profits from any future sale of this asset.

Want to create your own? The three best tools for creating NFTs are Scryfall, NFT.club, and CryptoKitties.

5. Create a digital wallet app

A digital wallet is a financial transaction application that runs on mobile devices. In today’s digital era, people demand the freedom to purchase anything and be able to pay from their digital wallets.

With technological advancement, making digital payments has become easier than ever before. Anyone can use mobile payment platforms to pay and accept payments online. Therefore, creating a digital payments wallet can be a great business opportunity.

To create a digital wallet, conduct extensive market research and create a business plan. It would help if you could hire competent programmers to create a secure payment gateway.

6. Start an IoT startup

An IoT startup focuses on devices connected to the internet that can be accessed remotely through the internet or a connected application.

Research what is essential to the end users to start and build a successful IoT. Leverage what is available to make the application easy to use. Then, create working prototypes, test, and build the application around the clear essential purpose.

7. Start a food truck

Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.

To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.

8. Start an in-home senior care service

In-home senior care services allow senior clients to live their everyday life in the comfort of their own homes.

Experienced caregivers typically customize their services based on their client’s needs - which is why seniors and families prefer this type of service, even if it costs more than a typical nursing home.

There are several different types of home care you can offer, a few being:

• Personal care services: This type of service helps clients with everyday necessities, such as grooming, bathing, dressing, and overall hygiene
• Nurse-directed care: This type of care refers to caretakers managing medication, wounds, and the overall health and well-being of the client
• Meal & Food Prep: This type of care helps prepare nutritious meals and go grocery shopping
• Transportation: Rides to the library, salon, grocery store, doctor’s office, etc.

The price you can charge depends on where you live and your experience, but this ranges anywhere from $18/hour-$40/hour.

The significant part about starting an in-home senior care business is that you do not need formal education or medical training. You can build a successful home senior care business if you have the necessary skills to do this job.

9. Start a niche web design business

Niche web design business focuses on a specialized market such as law, home improvement, videography, fashion, etc. typically, when a web designer niches down their services, they are simply choosing to concentrate on one industry and create websites for businesses within the particular niche. To become a niche web designer, consider honing the following skills and personal qualities:

• Visual design, HTML, CSS, JavaScript
• Strong communication skills
• Analytical thinking and problem-solving skills
• Teamwork and research skills
• Attention to detail

Narrowing your focus to a particular niche gives you a higher chance of becoming a recognized expert and places you in a better position to charge more for your services.

10. Start an outsourcing business

Outsourcing is when a business obtains a product or a service from an outsider provider rather than building it in-house. Small companies outsource so they have enough time to attend to critical functions like production.

Many businesses are looking to outsource their non-core activities. Therefore, starting an outsourcing business in 2024 has never been more lucrative.

Start your outsourcing business, identify a niche, and develop a well-researched and complete business plan. Then, invest in the necessary equipment and technology to enable you to deliver services to the customers.

Depending on the nature of your business, you may need staff to help you with service delivery. Finally, when your business is up and running, start marketing and focus on delivering superior service to attract repeat customers.

11. Become a social media consultant

Social media has become popular due to its ability to link businesses to their target customers. Social media consultants are professionals who help their clients improve, optimize and grow their social media presence.
Becoming a social media consultant comes with work flexibility and higher earning potential, but it also takes time and work commitment to grow the business.

To become a social media consultant, you must first become adept at using social media platforms and industry tools. Take online or offline courses like content marketing, public relations, and communication skills. Social media experts can choose a general practice or opt to focus on a niche.

12. Start a SEO agency

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with an excellent chance for success.

It’s easier than ever to start your SEO agency. The tools are there, and the competition isn’t as stiff as it used to be. If you’re considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

13. Start a mobile app development business

Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.

Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.

To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps

14. Create an online course

An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.

As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.

With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.

For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.

15. Start an AI-based chatbot

An AI-based chatbot is an automated program that helps add convenience for customers by simulating a natural human conversation. Chatbots interpret and process users’ words or phrases and gives an instant pre-set answer.

In today's competitive environment, businesses digitize and automate to become more efficient. Therefore, the demand for AI-based applications is high than ever before.

Therefore, starting an AI-Chatbots building application can be profitable.

16. Become a virtual assistant

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants have a dedicated home office where they work in a quiet and distraction-free environment.

To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.

17. Start a dropshipping business

Dropshipping is a business model where you sell products to customers without holding inventory.

Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.

To start a dropshipping business on a budget, choose a niche or category of products you want to sell.

Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.

Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.

18. Start an automated web browser business

Browser automation is performing web browser operations automatically to achieve speed and efficiency levels that would not be possible through human intervention. With websites getting more complex, developers are turning to web automation tools to speed up operations.

As demand for web automation continues growing, starting a web automation tool can be a profitable venture.

19. Start an affiliate marketing business

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

20. Start an artificial intelligence business

The global artificial intelligence market size is estimated to grow by approximately 54% YoY, reaching over 22 billion U.S. Dollars in the next few years.

Therefore, starting an AI-related business today can be a lucrative business opportunity. Are you wondering which AI business ideas you can start in 2024?

Here is a full list of top artificial intelligence business ideas you can start today.

21. Start a co-working space rental business

The co-working spaces are becoming essential in the post-pandemic world. Experts estimate five million people will occupy coworking spaces in the next few years. The projections are based not only on the growth the coworking industry has experienced over the past few years but also on the sharp increase in the number of startups coming up each year.

Therefore, creating your coworking space business will become a lucrative opportunity. To create a coworking space, do proper market research to ensure you have the demand for a co-work space in your target area.

Then, focus on finding an ideal location to attract the maximum number of customers.

22. Start a consultancy business

According to the US bureau of labor, the demand for business consultants will increase by 11% in the next few years. Business consultants are professionals who help companies achieve their goals or to streamline business operations in a particular business area.

Companies need consultants and management professionals to assist them in IT, finance, marketing, supply chain management, HR, Operations, Engineering, and security matters. If you enjoy providing entrepreneurs professional advice, consider starting a business consultancy career.

To become a business consultant, decide which areas you want your focus to be. Then, earn a bachelor's degree in your area of interest. Then, join industry groups to practice and gain essential skills.

23. Start a content marketing business

Content marketing is developing and distributing relevant, helpful content to convert the target customer to take the necessary steps. Businesses with a content marketing strategy get 67% more leads than other companies.

Therefore, the demand for content marketing services is high than ever before. Starting a content marketing service can be a significant business venture.

To start a content marketing business, you need a good understanding of SEO and social media. You can hire content creators to help you develop relevant and valuable content.

24. Start a 3d printing kiosk

The growing demand for prototyping applications from various industries, including healthcare, automotive, aerospace, etc., has contributed immensely to the success of 3D printing businesses.

The 3D printing market offers different niches in which you can develop your business. To start a 3D printing business, decide which market to target and the type of printer you will need for the business.

25. Start a wellness and natural health business

Have you been toying with the idea of starting a business in the medical sector? How about the wellness and natural health business?

With an approximately 6.4% YoY growth rate, the health and wellness industry is one of the best business ideas you will think of starting today. Health and wellness professionals include health coaches, personal trainers, and even yoga teachers.

If you plan to start a health and wellness business in 2024, find your area of focus, and determine the kind of service or product you will provide. Research the market and find an ideal location.

You may choose the eCommerce or hybrid model, where you have a physical office and online consultation.

26. Start a kids friendly apps business

According to experts, 53% of 3-4 years old kids use mobile phones to play games or watch videos. In addition, 79% of 5 to 7 years old kids and 99% of 12 to 15 years use phones for multiple purposes.

Starting a kids-friendly apps business can be lucrative, with kids getting more addicted to using phones.

Are you a qualified app developer? You can start focusing on the development of kids-friendly apps. Alternatively, you can hire an experienced programmer to help you with the app development tasks as you concentrate on marketing.

27. Start an electric car charging station

As EVs become more prevalent on the road, we expect the demand for charging stations to increase. You may be interested in setting up electric vehicle charging stations at shopping malls, residential areas, and commercial centers.

The EV charging business is typically a low capital and operational cost business. The EV charging stations also require fewer human resources, and you can manage them with less intervention.

If starting the EV charging station business, choose convenient locations and a variety of chargers to suit the motorist’s needs.

28. Start a privacy protection firm business

Privacy protection service helps clients hide their personal information from public view. Data privacy protection has become a top concern for executives globally. A single stroke of bad luck can create a major data security breach and cause a huge financial loss to a company.

Therefore, executives hire professional data privacy protection agencies to help them keep their data secure. Are you an information security expert? You can start a data privacy protection firm and help companies secure their data.

29. Start a vertical farming business

Vertical farming entails stacking farms vertically. Modern farming technology has enabled small land to be utilized for more production. As more people embrace organic farming, creativity is needed to enable the masses to utilize the limited farming land and maximize productivity.

Therefore, people have turned to vertical farming. According to experts, the vertical farming market will reach over $24 Billion in the next few years, registering a CAGR of 22.9 percent.

Setting up a vertical farm requires skills, technology, and equipment. Therefore, there is a business opportunity for those with the relevant skills, technological know-how, and equipment. Starting a vertical farming business can be a lucrative venture.

30. Start a freelance marketplace business

A freelancing marketplace is a platform that helps companies find and hire independent professionals for temporary jobs or special projects. How freelancing platforms work is simple.

When a client posts a job on the freelancing platform, interested freelancers will send proposals requesting the client's consideration for the task. The client will hire a favorite candidate and create a contract, which includes funding the escrow account so that all parties feel secure.

Upon completion of the task, the freelancer submits to the client via the freelancing platform and requests payment release by the client. Once the client is satisfied, the next step is the release of escrowed funds to the freelancers.

At this point, the contract may remain open, or both parties can decide to close the contract.

The corporate world has changed more in the past few years. Today's generation of workers prefer working remotely, and most have given up the idea of a full-time job in a corporate office. According to experts, more than 50% of the US workforce will shift to freelancing in the next few years. Therefore, freelancing platforms like Upwork will register more users over the coming years.

As the freelancing economy continues growing, we must keep our fingers on the pulse of this current trend.

Are you looking for a futuristic business idea you can embrace today? How about starting a freelancer marketplace? Building a freelancer marketplace is not as difficult as it may seem.

To start, choose a business niche and decide on the marketplace business model. Then, come up with a list of requirements, and create a visual identity and user interface for your freelance marketplace. As soon as the graphic design is at hand and your product is in action, begin the rapid prototyping process. Finally, test and launch the platform.

31. Become a retirement & personal finance consultant

As individuals are retiring earlier and more often than ever, there is an increasing demand for these types of services. A retirement consulting business can tap into a growing market of individuals seeking professional guidance for their post-work years.

A retirement consultant specializes in helping individuals plan for a secure and fulfilling retirement.

They assess clients' financial situations, recommend strategies for savings and investments, and guide them on how to achieve a comfortable retirement lifestyle.

32. Start a management consulting business

Management consulting helps organizations improve performance by developing strategies to solve issues, create value, and maximize growth. A management consultant deploys his skills in providing objective advice and expertise to help organizations develop skills they may lack.

The management consultant is primarily concerned with the company's strategy, structure, management, and operations.

The role of a management consultant is to review operations and identify options for the organization and suggest recommendations for change, as well as advise on additional resources. Management consulting offers the flexibility of working as a full-time employee, a self-employed professional, or a contractual consultant.

To become a management consultant, complete a relevant degree program and work as an intern to gain experience so you can discharge your duties confidently.

33. Start a hr solution business

HR solutions refer to a set of functional tools that automate human resource management. Businesses refer to HR experts to help them streamline tedious but essential HR processes and make managing employees throughout their careers easier.

Are you interested in starting an HR solutions business?

You can offer different HR solutions depending on your areas of interest. Here are some exciting human resource business ideas you may consider.

34. Start a chatbot development business

Businesses use conversational AI chatbots to take customer engagement to the next level. Typically, chatbots deliver consistent responses to customers, which helps the business avoid issuing irrelevant or misguiding details to the customers.

As more people focus on using the internet in shopping, education, and research, businesses are deploying chatbots to provide 24/7/365 support to their customers.

For example, online shoppers interact with businesses through chatbots, while students can use chatbots to help with their studies and research.

Therefore, starting a chatbot development business can be a lucrative venture.

35. Start a website testing business

In today’s ever-changing and competitive world, the internet has become an integral component of our operations.

Most people search the internet for things they need, entertainment, and transactional purposes.

Therefore, more businesses seek to build websites and be present online and deliver services and solutions quickly and effectively. To achieve the goal, the businesses will test their websites often and fix any issues.

Therefore, starting a web testing service can be a great business venture.

36. Start an internet infrastructure business

Internet infrastructure is a collective term referring to all hardware and software systems that constitute essential components in internet operation. Common internet infrastructure includes routers, switches, hubs, bridges, gateways, load balancers, and servers.

The internet has become a critical component of every business we transact today. Its adoption is expected to continue multiplying. The new connections will require additional internet infrastructure, a trend that will create business opportunities.

Telecommunications companies have provided the infrastructure to allow data flow around the planet. Private entrepreneurs are also chipping in to help meet the demand for internet connectivity and deliver an excellent user experience.

Experts predict the network infrastructure segment will reach $191.8 billion. The largest subsegment will be the Service Provider Network Infrastructure. Therefore, starting an internet infrastructure company could be your next great business opportunity.

37. Start a personal protection equipment business

Personal protective equipment, often called “PPE,” refers to equipment worn to minimize exposure to hazards that cause serious workplace injuries and illnesses.

The equipment protects against workplace hazards that could result from contact with chemicals, radiological, physical, electrical, mechanical, and injuries and illnesses. PPEs include gloves, safety glasses, shoes, earplugs, muffs, hard hats, respirators, or coveralls.

According to UNICEF, the demand for quality PPEs remains high.

Therefore, starting a personal protection equipment business is an opportunity to build a profitable business. Your target customers could be healthcare, transport, and industrial sectors, as well as private persons concerned about their health and safety.

To start, research the market to identify supply gaps, and once you have decided on the niche, write a business plan and indicate a reliable supplier.

38. Start a drone delivery service

Drones support the logistics industry in different ways. For instance, delivery drones have the potential to bypass ground-based traffic congestion by lifting a share of ground transportation into the airspace. Besides, drones have made delivery possible in otherwise difficult-to-reach areas like ports, terminals, areas with floods, etc.

Delivery drones are applicable in many areas. Examples include:

• Courier delivery
• Medicine delivery
• Hyperlocal delivery
• Food delivery
• On-demand local shipping

But before you invest in the drone courier delivery business, take time to learn the laws governing the industry and research out how other players are operating. Then launch and market your drone delivery business.

39. Start an esports team business

eSports describe the world of competitive, organized video gaming, where competitors from different leagues or teams face off in similar games.

According to statistics, there are approximately 200 million eSports enthusiasts globally. The audience size will continue to grow YoY to reach approximately 285 Million Esports enthusiasts in a few years.

The estimates illustrate Asia Pacific region leads in the number of eSports enthusiasts, accounting for over 57%. Therefore, starting an eSports team business can be a profitable venture.

Therefore, the massive growth of the eSports industry is inspiring entrepreneurs to start their own sports businesses or teams. If you are passionate about eSports, consider launching your own eSports team as a business can be a profitable venture. To start, conduct proper market research. Focus on analyzing your customers and their expectations, and speak to potential customers to confirm their interests. Then, compare competitors and prepare a SWOT analysis.

You may consider working with potential supporters or collaborators to increase the odds of success.

40. Start a video conferencing platform

A video conferencing platform allows two or more people to emulate a person-to-person meeting over the internet using real-time, multidirectional video and audio streaming. Estimates show that the global video conferencing market will grow to $14.58 billion in the next few years.

The market growth will result from integrating developed technologies such as artificial intelligence and cloud technology, which will drive market growth. Therefore, starting a video conferencing platform remains a viable business opportunity.

To build a video conferencing platform, determine your business vision by defining your target audience. Then, decide on a monetization model. Standard models include freemium, advertisements, and paid subscriptions. Define the MVP feature set and focus on building the platform.

Providing high video and audio quality will help your business stand out.

Tech will be for sure one of the most important industries in the future. So why not read about the best tech startup and software business ideas?

41. Start a robotics company

The robotics industry is on the rise, a trend that, according to experts, is owing to its potential to increase economic growth and productivity. The high demand is owing to the strong need to automate labor need for more efficiency in product manufacturing, construction, and other sectors.

Besides, robots work in hazardous environments where human life is likely in danger, increasing productivity since they are wired to perform repetitive tasks for longer hours.

In that regard, the robotics businesses stand to benefit. Some sectors where we see robotics today include:

• Healthcare
• Homelife
• Manufacturing
• Logistics
• Space exploration
• Military
• Entertainment
• Travel

To start your robotics company, choose a niche and focus on building an interdisciplinary team with robotics engineers and software engineers from various specialties. You can use VC funding so you can finance your business.

Remember, robotics is still a tough business, so you should not expect everything to work from day 1.

42. Start an automated home cleaning robot business

A home cleaning robot is an autonomous robotic vacuum cleaner with a limited vacuum floor cleaning system that features sensors and automated drives with programmable controllers.

The use of robots in home cleaning is a trend that is gaining traction. Experts estimate that the global cleaning robot market will witness a CAGR of 14.6% in the next decade.

Ideally, homeowners prefer the cleaning robots because they save time, can be used for emergency cleaning, and reach all surfaces, including underneath furniture. Besides, robotic home cleaning has proven to be an invaluable tool for people with mobility issues and those who hate vacuuming floors.

43. Start a virtual reality business

Are you looking to start a virtual reality-based business but unsure what to create?

VR offers business owners new possibilities for showcasing products and services to their customers. The VR industry is snowballing, and experts estimate it will reach a CAGR of 19.0 % over the next few years.

The good news is that there are so many VR business ideas you can start and profit from in the multi-billion dollar industry. If you're looking to start your own VR-based business, here are low-capital options you can choose from.

44. Start a data crunching business

Data crunching refers to an automated analysis of a large amount of data originating from big data. Once the data is imported into a system, the data is sorted, structured, processed, and analyzed to help a machine reach informed decisions.

Data crunching experts enable companies to derive value from their data by enabling a deep analysis. The business can make informed decisions, and identify new opportunities, so their operations run more efficiently.

Examples of departments likely to benefit from data crunching include finance, marketing, media, entertainment, automobile, and the energy sectors.

For entrepreneurs looking to venture into the business of data crunching, there has never been a better time than the present. Startups and existing companies are hiring data crunching experts to help them understand their customers, so they can streamline operations accordingly.

You need data experts and high-quality hardware to start a data-crunching business.

45. Start a migration-as-a-service business

Legacy infrastructure is outdated and unreliable. To achieve the growth and agility of businesses, industries hire migration as service experts to deploy their cloud migration. The migration service involves upgrading the entire business operations to the cloud.

The migration as a Service company applies various automation tools, scripts, proven migration planning, sequencing, matured engagement models, and team structure to deliver a hassle-free experience throughout the business transformation phase.

Experts estimate that migration as a service industry will post a CAGR of over 24% in the next decade.

As businesses focus on cloud computing to enable rapid growth, starting a migration as a service can be profitable. Depending on the service type, the migration is bifurcated into managed and professional services.

46. Start a digital marketing business

Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.

If you plan to start a digital marketing business, educate yourself and understand how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through online digital marketing courses.

To stand out, find a digital marketing niche and focus on the audience interested in your services.

47. Start a remote software engineering business

Software engineering is one of the most lucrative careers for work-at-home enthusiasts. Software engineers can work from anywhere and accomplish project goals as long as they have the right skills and the right equipment.

Demand for software engineering has been rising for quite some time now, and there are no signs of stopping. Experts project software developers' employment rate to shoot by over 20% in the next few years. If you have software engineering skills and are passionate about working from home, there is no suitable time to start your business like now. A software engineering business begins with completing a relevant programming course and building some projects. Hence, you gain the skills and experience required to become a software engineer.

You can start your own software building company targeting companies, startups, or even individuals.

48. Start a bio-fuel production business

Biofuel production refers to the fuel produced over a short time from biomass rather than through prolonged natural processes of fossil formation. In today's world, resources are becoming limited and scarce, while countries are focusing on more ways to reduce waste through reuse or recycling.

According to experts, eco-friendly fuels like biodiesel will start making a significant impact on our roads. Therefore, starting a biofuel production company can be a lucrative business you will start today.

The good news is that you can set up a biofuel production business in your backyard. To start producing biofuel, you need access to raw materials and tools. Typical raw materials for biofuel production include used vegetable oil, methanol, and potassium hydroxide. Since you will be dealing with chemicals, it would help if you invest in high-quality PPEs.

Also, it would be best if you had skilled staff to help you produce the biofuels and packaging process.

49. Start a solar system repairing & maintenance business

Solar energy has come a long way today, thanks to technological advancements. An ordinary household can access solar panels that were once only accessible to big agencies like NASA. Today, the global adoption of solar as an energy source is on an upward trajectory.

The rising utility cost and constant lobbying by the green energy companies are some attributes resulting in the increased adoption of solar lighting.

According to statistics, the US is the leading country in North America regarding installed solar capacity. Data shows the cumulative residential solar installation capacity is about 22,151 megawatts. With the rising adoption of solar as an energy source, starting a solar system repairing and maintenance business can be a great business opportunity.

To start, focus on earning a solar certification. A solar accreditation is essential to promoting customer confidence and putting you ahead of the average uncertified business. Remember that you may need solar licensing if you work outside your home state. Some states also require a specialized solar contractor license.

50. Start a power storage business

Demand for energy storage systems is progressing at a CAGR of 11.0% to surpass 435 Billion in the coming years. According to experts, the growing demand for efficient and competitive energy resources will propel the market growth.

As energy storage systems continue to become popular, starting a storage systems business today will be a great idea. Business opportunities within the energy storage sector include:

• Grid-scale storage
• Behind the meter storage
• Off-grid storage
• Mobility storage

51. Start an electric car production business

The electric vehicle industry refers to all vehicles that use electricity as their primary energy source. The EV vehicle industry has grown rapidly over the past decade. New businesses are springing up every day to serve EV customers.

Experts estimate that the market size of electric vehicles will reach nearly 26 million people within the next two decades. Therefore, there is a promising business opportunity for those interested in the EV industry.

Starting an EV business involves huge capital investment, while the competition levels are high. In that regard, the easiest approach for entering the EV industry is through partnerships with existing EV manufacturers.

52. Start a jet-pack dealership

A jet pack, rocket belt, or rocket pack is a device worn over the shoulders like a backpack, enabling the wearer to travel through the air or space using jet propulsion.

Reports show that the jetpack market will rise considerably, a trend that will go on over the next decade. The jetpack application areas include military, first responders, recreational, and commuters.

Therefore, starting a jetpack line can be a great business opportunity. A potential opportunity within this industry is opening a jetpack dealership. As a dealership, your business will involve making the jetpacks available to final consumers. Dealers also offer the sale of service parts and general maintenance of the jetpacks.

If you are starting a jetpack dealership. Find regions where jetpacks are popular. Register your business and market your brand appropriately to expand its reach.

53. Start a solar water system business

The use of solar water heaters to generate heat is a well-established technology that has been around for decades. Adding solar water heaters to a house is proven to add value based on the energy efficiency factor and the fact solar energy reduces the carbon footprint.

Besides, modern solar water heaters provide a low-maintenance energy option and will provide heating no matter the weather.

Solar water heating solutions have become a popular option based on this efficiency. Starting a solar water heater business can be a lucrative venture. You can start a solar water heating systems manufacturer, installer, or dealership under an established systems manufacturer.

54. Start a car sharing service

Globally, people are looking for the most cost-effective way to move about. The increasing cost of car ownership has forced people to car sharing services.

Car sharing is where vehicle owners offer their vehicles for others to rent for a short period. The arrangement saves gasoline, parking fees, maintenance costs, taxes, and other expenses. Also, car sharing is a practical alternative for those on a budget who do not necessarily need full-time access to a vehicle.

According to experts, the global car-sharing market has exceeded 2 billion and will keep growing at a CAGR of over 20% for the next decade. In that regard, starting a car-sharing service presents a lucrative business opportunity.

With enough capital, you can purchase multiple vehicles and launch your car-sharing service.

55. Start a wind energy installation business

Wind power offers excellent opportunities for fulfilling energy needs. Besides, wind energy reduces air pollution emissions, including sulfur dioxide, nitric oxide, nitrogen dioxide, and particular matter.

The above factors have contributed significantly to the increased adoption of wind power as an alternative energy source. In addition, governments are adopting initiatives to combat climate change, with the adoption of wind energy among the key strategies.

Experts project that the global wind turbine market will grow at a 5.9% CAGR to reach $94.26 Billion in the next few years. Therefore, if you are interested in starting a business in the energy sector, wind energy can be a lucrative opportunity.

To venture into the wind energy sector, consider starting a wind turbine installation business or becoming a certified wind energy solutions installer.

56. Start a lunar tour guide business

Since the first travel to the moon, Lunar tourism has remained a common topic at space conferences. Apart from being a trivial topic, lunar tourism is a potential business and so unstoppable.

Thus, many people will enjoy traveling to the moon, and they will enjoy their time there. If you are interested in starting a business in the space industry, consider introducing lunar tourism.

57. Start a meat grower business

Cultivated meat, also known as grown or cultured meat, is genuine animal meat produced through the cultivation of animal cells.

The introduction of meat growing eliminates the need to raise farm animals for food. According to a CNBC report, lab-grown meat is making strides, a trend that is becoming unstoppable. Experts project that the cell-based meat market will reach 94.5 billion in the next few years.

If you are starting a lab-grown meat business, establish and meet safety requirements. Then, develop a clear and understandable labeling practice, and focus on offering the customers a price parity with conventional meat.

58. Start a 360-degree cameras business

360-degree cameras are required for photographing panoramas and other large visual areas. Virtual and augmented reality's prevalence in video games and other forms of interactive entertainment are some factors behind the rising popularity of 360-degree cameras.

A 360-degree camera lets users capture every event aspect for later viewing. Thus, customers easily acquire 360-degree cameras to capture a complete view of their surroundings.

According to recent research, the global 360-degree camera market will reach a compound annual growth rate of 34.4 percent.

Therefore, launching your 360-degree camera business can be a great business venture.

59. Start a cloud migration business

Cloud migration involves moving a company's digital assets, services, databases, IT resources, and applications into the cloud.

Cloud adoption is a trend used by enterprises to improve the scalability of internet-based applications while reducing risk and cost. Therefore, governments and private organizations hire professionals to help them migrate their locally stored data and information files to cloud-based storage solutions.

With the increased adoption of cloud computing, starting a cloud migration service can be a lucrative business opportunity. If you are in the IT industry, you can take lessons focusing on cloud storage and become a data migration expert.

60. Start a cyberspace security business

Cyberspace security refers to the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.

Demand for cyberspace security experts has been snowballing.

The US alone has reported an estimated 200,000 vacant cyber security positions.

With cybersecurity being a critical component in today's business environment, starting a cyberspace security business can be a lucrative opportunity.

To start a cyberspace security firm, get the right professional certifications so potential clients can trust your abilities.

Then, develop a business plan tailored to cybersecurity, and define the target market.

Finally, analyze the market and come up with an entry strategy.

61. Become a NFT broker

A None-Fungible Token (NFT) is a digital asset representing real-world objects, people identities, property rights, e.t.c.

Ideally, NFTs exist on a Blockchain and traders cannot replicate them, since they feature unique identity codes and metadata as the key identifiers. Therefore, it is impossible for one NFT to be equal to another, which is critical, especially when it comes to digital ownership.

Digital ownership is still a new concept, but one that is becoming increasingly popular especially with NFT trading taking shape. According to a 2021 report on NFT trading, NFT Sales Amounted to Over $2.4 Billion in the First 6 Months of 2021.

Are you fascinated by NFT trading? In this post, we highlight the top NFT broker businesses in 2021.

62. Start a P2P lending platform business

A p2P lending platform allows participants to borrow and lend sums of money without relying on conventional financial institutions. Experts expect the peer-to-peer lending market to grow at a CAGR of over 21%, reaching a valuation of over 10 billion in the next few years.

No longer the new kid on the block, P2P platforms have entered the mainstream and brought unprecedented support for small and medium-sized enterprises. Therefore, starting your P2P lending platform can be a great business venture.

To build a peer-to-peer lending platform, decide on the business formation and register your business name. Then register a domain and raise money for your startup capital.

63. Start a solar projects business

64. Start a scientific research business

Curious about the intersection of science and business? Consider starting a scientific research business. This venture involves providing specialized research services to organizations in need of data, analysis, and expert insights.

You'll collaborate with academic institutions, corporate entities, and government agencies to conduct studies, experiments, and fieldwork. It’s not just about lab coats and test tubes; this business requires meticulous planning, project management, and strong networking skills to secure funding and contracts.

Interested in driving innovation? This field positions you at the forefront of scientific advancement, addressing real-world problems and contributing valuable knowledge to various industries. Creating a research firm enables you to harness your scientific expertise and entrepreneurial spirit, offering a rewarding and intellectually stimulating career.

For those who thrive on curiosity and data, launching a scientific research business offers both challenges and enormous potential.

65. Start an automated supermarket business

66. Start a nanosatellites building business

67. Start an asteroid mining business

68. Start a DNA design firms business

69. Start a stem cell pharmacy business

70. Start a holographic theater business

71. Start a space hotel business

72. Start an automated translating services business

Looking to bridge language gaps with technology? Consider starting an automated translating services business. This venture leverages advanced AI to offer real-time translation for clients, eliminating the need for human translators.

Setting up involves partnering with developers to create a reliable translation software or platform. The focus will be on marketing your unique solution to businesses and individuals who need accurate and quick translations, from documents to live conversations.

The rising demand for seamless global communication makes this business idea particularly lucrative. Imagine a world where language barriers are practically non-existent, and your service is the go-to resource for breaking down these walls.

With persistent effort in refining the technology and building a strong client base, you can establish a firm foothold in this growing market.

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163 Million Dollar Solopreneur Business Ideas🔗

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163 Million Dollar Solopreneur Business Ideas🔗

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