If you’re looking to start a business with high earning potential, you’ve probably looked into some tech business ideas. Every successful startup exit, hundreds if not thousands of startups have failed.
So if you’re an entrepreneur hoping to hit it big in the technology sector, you need to start with a strong tech business idea. In an industry defined by innovation and disruption, what constitutes a “good” tech business idea is constantly changing.
That’s why we’ve compiled a list of tech business ideas that are poised for extreme growth in the coming years.
It is the best time for startups in Bali as the Bali business is booming, and you can learn by experiencing how startups run in Bali. To start these businesses in Bali, you do not need to make huge investments. The top 5 startup tech business ideas in Bali are the following:
1. Web Design
Website design is one tech business idea that will never go out of style. That’s because pretty much every business needs a professional-looking website to appear reputable and build their brand.
Web design encompasses various services, including graphic design, interface design, copywriting, UX design, and SEO.
If you are trained or a self-learner in a web design course, you can start your small business as a web designer. The web design business is a profitable and fun business idea. Just find out the requirements to create a web design business.
2. Influencer marketing
Influencer marketing is an industry enabled by social media platforms like Instagram involving endorsements and product placements from individuals or organizations who possess a certain level of expertise or social influence in their respective fields.
While not just anyone can be an influencer, if you have some level of unique knowledge or a lot of charisma, you can launch a business by gathering a social media following and hiring an influencer marketing agency to connect you with brands.
On the flip side, you can also launch a business focused on connecting brands with the right influencers for their products and mission.
3. Set up an e-commerce Company
E-commerce is growing very fast in India and so setting up an e-commerce company is a great business idea. This business idea aims to sell cultural items from Bali. You have to give a low-cost start in this business and can start your partnering with street vendors.
If you have a unique idea for an e-commerce store, you can launch your own e-commerce business from the comfort of your home. No product in mind? Not to worry; drop shipping allows you to start an e-commerce business with products you are not responsible for warehousing or shipping.
If you want to grab a more significant share of the market, you could also take the time to develop your e-commerce platform or marketplace. Remember that giants like Shopify and Amazon already dominate the e-commerce platform space.
Therefore, if you want to start your e-commerce platform, we suggest focusing on a niche market.
4. SEO Specialist Company
Google is still an essential part of many businesses marketing strategies. They need to appear as a top result in Google Search for keywords related to their business. That means they need someone skilled in search engine optimization, or SEO, to help them.
Some companies hire people to perform SEO in-house, but many organizations work with freelancers or third-party agencies to implement an SEO strategy.
If you can train yourself in SEO and keep up with its ever-changing trends, you can start a business providing SEO services to other organizations.
5. Social Media Consulting Company
Social media is a powerful marketing tool and a great business idea. If you are skilled in social media and love to help others create their individual social media profiles, you are perfectly fit in the social media consulting business.
If you’re not into SEO but are promising on social media. In that case, you can work with businesses to help them generate likes, shares, retweets, followers, comments, clicks, and more as a social media marketer.
In this role, you’ll consult with companies and help them manage their social profiles, spread content across the web, and build their brand.
What’s more, the startup cost to be a social media marketer is minimal and can be done from your own home.
Just be sure to buff up your online marketing strategies skills and keep up with the latest trends and platforms.
With the advancement of technology, there are endless money-making opportunities for entrepreneurs in today’s world. The internet is a good source of knowledge, and you will get tons of business ideas on the internet.
Regardless of the route you choose to take, and you’ll need to write a business plan, create a business entity and maybe take out a business loan to get your startup off the ground.