Our technology-dependent lives and the always-on culture it has created can be tough to bear on some days. But it sure makes our lives easier in a lot of ways. And it has opened doors of opportunity that are available entirely because of the internet and mobile communications. Moreover, it makes the dream of starting and managing a new business accessible, affordable, and achievable for many that would have never imagined it before now.

 

The hardest part is choosing a business idea that is of interest to you, fits your lifestyle and makes money. Forbes recently offered their rundown on the business opportunities positioned for strong growth in the new decade but it was more of a 35,000-foot view. We wanted to get more in the weeds and unearth the actual business concepts that are forecasted to be in demand. Read on to see the 20 high-value ones we plucked from a list of 82 on digital.com.

20 High Value Business Concepts for 2020

Business Broker

    • Business Broker

A business broker is someone who assists buyers and sellers of privately owned businesses in the buying and selling process. As such, he or she must have a good knowledge of business law and common practices in the particular industry. Business brokers are rewarded with commissions for the sales they make.

Online Store

    • Woo e-Commerce

Opening an online e-commerce store is just as viable a way to make a living as it was a decade ago. Yes, the completion is tougher, but you have access to a wide range of free tools that you can use to set everything up with very little effort.

Data Analyst Consulting

    • Data Analyst Consulting

With the rise of “big data,” increasingly more companies need to make sense of heaps of information to adjust their overall business strategies. A data analyst is someone who has the technical expertise to do this, often has a background in economics, mathematics, or finance.

Data analysts who work for large, international corporations can earn more than enough money to support an extravagant lifestyle.

Digital Campaign Manager

    • Digital Campaign Manager

Marketing has gone digital, and it’s the job of digital marketing campaign managers to produce the best results possible. You can start your career as a digital marketing campaign manager by studying freely available online resources and experimenting on your own. You’ll need to understand things like advertising, SEO, landing pagescalls-to-action, and social media marketing (including using Facebook and  Facebook Live). Once you know what you are doing, try cold-calling local businesses, asking them whether they would be interested in your services.

Affiliate Marketer

    • Affiliate Marketing

Affiliate marketers promote products of other people and earn commissions on their sales. Amazon is currently the most popular platform for affiliate marketing, but there are many alternatives as well. Affiliate marketing is often combined with blogging to create a seamless mix of content and promotion.

Search Engine Optimization

    • SEO Expert

Search Engine Optimization (SEO) is an absolute necessity for everyone who wants to be relevant on the web. A capable SEO expert can turn a dying business into a prosperous operation in a matter of months. No wonder then that the best SEO professionals can earn as much as seasoned software developers.

Startup Business Incubator

    • Business Incubator

The job of a business incubator is to help new companies and startups plan and launch successfully. A typical business incubator will provide clients with management training, office space, high-speed internet connectivity, gym, food catering, and other necessities.

You don’t have to think too big – a small, local incubator can be the perfect place where to start.

Security Services

    • Security Services

We live in turbulent times, so it’s no surprise that the demand for security services is rising at a steady pace.

Such security services can take place either offline – home and personal security – or online.

The online side of things deals with identity theft, protection against doxxing, or general information security.

Image Consult

    • Image Consultant

You are probably wondering who needs an image consultant. Many companies and individuals rely on their image, making it worthwhile to hire someone to manage it.

The best image consultants are people with a proven track record of success and inside knowledge of the particular industry.

Digital Magazines

    • E-Magazine

These days it’s very easy to start an e-magazine; you can outsource everything online and act as the chief editor.

The subscription model allows you to know exactly how much money you will make the next month, and the global nature of the web gives you a very large audience to target.

Drone Videographer

    • Drone Videographer

 

If you like piloting drones, perhaps you should consider working as a drone videographer. You get to go to interesting places, meet cool people, and eventually develop a portfolio that could land you a job in Hollywood.

Professional drones are very expensive, but you can start small with a mid-sized drone and a GoPro camera and go from there.

Subscription Service Owner

    • Run a Subscription Service

The main advantage of the subscription model is its predictable nature.

As the number of your subscribers rises, you will know exactly how much you can expect to earn every month.

The largest subscription services in the world are well-oiled machines that generate hundreds of thousands of dollars in revenue.

OnlineCourse Creator

    • Develop Online Courses

One of the most popular platforms where people can access massive open online courses (MOOCs), Coursera, has more than 15 million users, who are hungry for knowledge. Such online courses go far beyond the traditional high-school curriculum.

If you have any skill at all that you think people might be interested in, there’s nothing stopping you from giving it a go. All it takes is a web camera, capture software, and basic editing skills.

Home Away from Home Rental

    • Hostel Rental

With services like Airbnb, everyone can turn their house, garage, or just a single room into a unique accommodation for tourists and travelers from all around the world. The platform will take care of the initial exposure and will provide a way for owners and clients how to conveniently communicate. If you happen to own a house in a very attractive destination, you can even expect to earn good money.

Be an Event Planner

    • Event Planner

The internet has enabled people to connect with like-minded individuals from across the globe, creating the perfect opportunity for event planners.

An event planner uses his or her organizational skills to organize an event like a wedding or a trade show. Money can then be made from entrance fees, sponsorships, on-premise sales to attendees, and other things.

Catering Business

    • Caterer

These days, starting a catering business is all about finding the right niche. You can specialize in any type of food you like, any type of clients, and any type of venues. Perhaps you would like to cater to young professionals who want to organize networking events, or you would like to be known as the go-to caterer for child parties – there’s nothing stopping you.

Organic Products Vending

    • Organic Vending

Vending machines are not exactly in vogue, but there’s still one niche that could end up being extremely profitable: organic vending machines. Where else can you get your favorite granola bar at any time of the day?

This business is most suitable for high-traffic areas in affluent parts of larger cities.

Virtual Reality App Development

    • VR/AR APP Developer

The virtual reality software market is expected to reach $24.5 billion dollars in revenue by 2020. A good chunk of that revenue could be in your pocket.

All you have to do is learn how to develop immersive VR and AR experiences. The internet is full of resources and communities of like-minded people to help you along the way.

Energy Auditor

    • Energy Auditor

Green energy solutions can lead to dramatic savings, allowing some people to completely drop from the grid. As an energy auditor, you will help businesses and individual home and apartment owners find ways how they could decrease their energy footprint and decrease their monthly bills.

3D Printing

    • 3D Printing Services

3D printing is taking the world by storm, and you can be part of this revolution if you just invest in a high-quality 3D printer and offer it to other people.

They will simply send you their projects for you to print and then come to pick them up or have them shipped in a box.

Any of these have great potential. If you decide to embark on one of these ventures, please circle back here and let us know how you and your business are doing!