The rapid development of technology opens up various business opportunities. If you want to open a business, it’s a good idea to analyze what businesses in the future can be used as a source of income. Here is the list of 20 Future Business.
1. Outsourcing
According to a World Economic Forum (WEF) report, the work environment will change, and the outsourcing business will boom in the next decade.
Forbes magazine revealed that 50% of the population of developed countries such as America, Australia, and Canada could work independently, but they need employees to work.
They cannot make good profits if they hire employees locally due to high operating costs.
So, to reduce production costs and maximize profits, businesses outsource projects to people in developing countries where educated people are available at fairly low wages. India, Vietnam, and China are examples of low-cost labor providers.
2. Internet of Things (IoT) Industry
The Internet of things causes every object used by humans to have internet connectivity to send and receive data. Almost all aspects can be connected with IoT in Future business because most people use the internet as their primary need it’s a good Business Opportunity.
3. CO Working Space
Future service office trends are predicted to change. High rental costs make it difficult for small businesses to purchase separate office space.
So people choose to work in co-working spaces. It not only helps them to reduce rental costs but also to share expertise and skills.
If you have free space, start working on a co-working space business.
CO working space is a futuristic new business idea and one of the best future ideas.
4. 3D Printing
The 3D printing business is one of the most profitable businesses today. In recent years, this business has become more and more famous worldwide.
Initially, 3D printers were very expensive and out of reach for some entrepreneurs, but as time went on, the prices gradually decreased.
The price of a 3D printer depends on the specifications and features you need. All you need is to buy equipment for the shop and start your new venture.
5. Consumer Goods and Services Business
Experts believe that the middle-class population in some countries will increase rapidly, and countries where the middle-class population is increasing are seen as emerging markets.
With the expansion of the middle class, the consumption of goods and services will experience a sharp increase—a great opportunity for those who want to start a goods and services business such as a retail store.
6. Real Estate
With the rapid rate of urbanization every year, thousands of people migrate to big cities.
There may be several reasons behind it, like finding a good job, improving the standard of living, and other reasons.
Due to this trend, the need for affordable housing is increasing rapidly. Great opportunities for the real estate industry, brokers and construction companies to offer their services.
To start this business, you must have relevant experience and a government permit to operate in your area.
7. Health Care Services
Due to lifestyle changes, people are becoming more susceptible to diseases and health care problems. According to Fortune, the Healthcare industry will grow rapidly in the future.
You can use the internet to connect with your clients. That way, your clients can do a consultation without having to meet you in person.
If you can enter this industry in any form, you will surely enjoy high profits in the future.
8. Consultation
Consulting a business of any kind will be a great opportunity for professionals and experts in the future.
With increasing competition and complications in the business field, business people will conduct consultations to maintain their business and increase their profits.
Different consulting businesses include education consulting agencies, recruitment firms, career consulting, and customer consulting.
9. Renewable Energy
The world is progressing very rapidly. However, we still face many problems related to energy.
Some Asian countries still rely heavily on traditional energy sources such as coal-fired power plants, fossil fuels, nuclear energy, or water produced from sources considered harmful to our environment. Renewable energy is a good opportunity
10. Freight Forwarding Company
The shipping business is expected to continue to experience rapid development.
Moreover, at this time, there is a change in consumption style where people are more interested in making purchases online, so they need goods delivery services.
You can use this as a business opportunity considering that the Indonesian people are one of the largest online consumers in the world.
11. E-Wallet
With the rapid development of technology in the mobile world, people now prefer not to make cash transactions, be it payments, shopping, or fund transfers.
They seek a reliable, safe, and secure mobile payment solution.
This business idea requires hefty start-up capital. Hacking and cybercrime, and fraud are some of the things that make this project so risky.
12. Warehouse or Inventory Management for E-Commerce
E-Commerce is a business field that has grown rapidly. The warehouse management company will provide fulfillment for the e-commerce store.
Generally, business actors will stock up on goods and not distribute them directly to consumers.
Therefore, they need a warehouse to store goods,
You can start a warehouse rental business or a bonded logistics center (PLB). Indeed a large-scale business idea, but it also has the potential to make a lot of money.
13. Graphic Design
Whether large companies, small businesses, or individual businesses, all of them need attractive promotional materials.
However, not everyone can understand how to make the product display look good and attract customers’ attention.
Suppose you have an artistic flair and know how to organize content into visually pleasing formats. In that case, you can start a graphic design business to create flyers, digital ads, posters, and other visually appealing materials. Graphic design is a good future business Opportunity.
14. Internet Infrastructure
The increasingly massive internet use is causing a significant demand for strong internet connections across the country.
Even though there are internet providers nowadays, the lack of speed and connectivity issues disappoint internet users. It can be used as a business idea to start a perfect internet infrastructure to execute.
Indeed, this business requires large capital, but it can also generate large amounts of money.
15. Online Private Lesson Services
The demand for online private tutoring services is increasing, especially during a pandemic that limits direct physical gatherings.
You can use this as a business opportunity idea. You can offer teaching services in other ways.
It would be better if you have tutoring that can be used as a channel for tutoring tutors with their students.
You can use platforms like google meet and zoom to connect teachers with your tutors.
16. Online Bookkeeping
If you are an accountant who wants the freedom and autonomy of running your own business, take advantage of modern technology to start your online bookkeeping service.
17. Cleaning Service
You can offer cleaning services to homeowners, apartment complexes, and commercial properties with multiple staff members, cleaning equipment, and transportation.
Cleaning services are businesses that require relatively little overhead. Because you only need to do the planning, dedication, and marketing to attract customers.
If you want to set yourself apart from other cleaning services, consider adding a premium option such as floor waxing or exterior power washing for an additional fee.
18. Freelance Content Writer
If you’re a natural word expert with little marketing knowledge, you can establish yourself as a freelance copywriter or content writer.
You can write blogs, web content, or press releases; the company will pay for your services.
Increase your value by using SEO knowledge to help clients strategize around specific keywords their target audience already uses in their online searches.
19. Translation Service
According to research from IBISWorld, the translation services industry experienced a decline in 2020, as did many sectors.
However, IBISWorld expects major improvements in the industry over the next five years.
The projected growth is not surprising, as the internet has removed barriers between countries allowing people to interact with languages from other countries.
This trend has opened up opportunities for multilingual speakers to offer certain services, such as document and website information translation, into languages for use in other markets.
Fluent in multiple languages, you can take advantage of this business opportunity.
20. Digital Marketing
The growth of the internet gave rise to a new business idea called digital marketing. Many social media users inevitably require businesses to do digital marketing.
Suppose you have SEO, content marketing, pay-per-click advertising, web development, or social media management expertise. In that case, you can take advantage of a business opportunity that gives you the freedom to work from home.
If you like to strategize and implement marketing plans carefully, digital marketing could be the right business for you. You can also consider becoming an affiliate marketer, another form of digital marketing.