You want to start your own business but you don’t know yet in which sector of activity? That choice is quite difficult, I grant you. Especially since some sectors are very competitive.
If it is today rather easy to develop and promote an activity on the internet, it is still necessary to find the right product or service to sell. Fortunately, 2023 is opening up to new trends, allowing new needs to emerge.
Here are 15 activities that could quickly become profitable.
1. Virtual reality
Between 2021 and 2022, sales of VR headsets and augmented headsets grew by 150%! According to GlobalData, this market will weigh $51 billion by 2030. A real opportunity for budding entrepreneurs.
Companies in this sector are looking to offer ever more efficient products to immerse users in the most realistic immersive experience possible.
The uses of augmented reality cover many areas:
Cinema with the appearance of 3D films
Real estate where agencies offer their clients to visit their future home or apartment in VR
E-commerce where you can try RV products
Training: UPS has launched training programs for delivery drivers based on augmented reality
This technology for the future and innovations are constantly emerging. It is up to you to contribute your ideas and knowledge.
2. Web development
In the digital world, developers have nothing to worry about. Many companies are looking for these digital specialists to ensure their development on the Internet.
Because while some CMS like WordPress tend to make the creation of a website accessible to everyone, it is often necessary to have code skills to develop specific elements.
Becoming a web developer is a profession that can easily be practiced remotely, from your home. And to find your customers specialized platforms exist, including Bumbizz.com.
You can also start your business in one of the other technology activities such as:
IT Security Specialist
If you are an expert in a field, why not share your knowledge? Whether it’s younger people or adults, many people are looking to diversify their skills.
Developing your business in this sector is relatively simple and requires little investment.
You can start by creating an e-learning site to offer your online training. By developing subscriptions and regularly expanding your training panel, your business will quickly become profitable.
Companies have understood the importance of being visible on the web to attract new customers. Moreover, to increase their sales some do not hesitate to develop their presence internationally.
However, this internationalization requires appropriate communication. The content often needs to be translated into English, but also into German, Spanish or Italian.
In short, translation requests explode! If you are fluent in a second language, do not hesitate to offer your services.
Here again the development of your activity will require little investment. Create a site and promote your activity on social networks, or start a business.
In parallel, register on Bumbizz.com. We will put you in contact with clients with translation needs for free.
5. Social media
Social networks are a privileged channel of communication for many companies. These platforms are also the best way to stay in touch with their customers.
The problem? Developing a faithful and committed community is not as simple as it seems. This is a work that requires time and the intervention of experts in social network management is increasingly in demand.
If you are an expert in this field, it is high time to start your business! And to find your first customers, visit Bumbizz.com.
In the field of online sales, dropshipping is one of the most profitable models, while offering low risks. No investment is required to build a stock, as it is stored by your supplier(s).
Indeed, the principle is simple: you play the role of intermediary between buyers and manufacturers or wholesalers. As soon as a customer places an order on your site, you place it with the supplier and he takes charge of the shipment.
It’s simple and fast, you only have your e-commerce interface to manage (as well as marketing and communication). No cost of production, maintenance of stocks, unsold items, packaging and shipping of products.
Creating your dropshipping business takes a few clicks. There are even all-in-one tools that make it easy for you to create this type of merchant site, such as Shopify or Dropizi.
The key to success is to find responsive suppliers, who offer original products, allowing you to enter a niche market. Ideally, choose French or European partners, who offer fast delivery times and quality items.
7. Subscription boxes
As with dropshipping, subscription boxes are an effective way to sell products without creating them. For this concept to work, your boxes must contain complementary articles, linked by a theme.
You can, for example, highlight merchants and manufacturers in your area to create local boxes. You can also opt for unifying themes such as yoga, pets or music.
Subscriptions allow you to have a recurring revenue stream and stable revenue. You also have the possibility to diversify your boxes or to offer special editions, to reach new audiences and retain your consumers.
8. Sports accessories at home
With the health crisis, home sports became a trend. Even if life gradually resumes its normal course, this practice remains anchored in many households.
The home sports market is a niche on which you can easily place yourself. Among the products to offer, you will find: weights, jump ropes, floor mats, dumbbells… You can also choose an even smaller niche, combining sport and technology, by selling electrostimulation belts or vibrating platforms, for example.
To ensure the success of your store, you can rely on influential marketing. There are many fitness influencers who like to share their passion and discoveries with a receptive community.
T-shirts, caps, phone cases, hoodies… You can create 100% personalized products with print-on-demand. Let shoppers suggest designs to you or work with graphic designers to propose original creations, to flock on clothes or accessories.
No need to install a workshop in your garage, you can entrust printing to a service provider, like Spreadshirt for example. However, try to find your “touch”!
To stand out, you have to offer designs that stand out and surf on a trendy topic or a small community, like this shop that proudly displays its love for the Creuse:
10. Virtual event organizer
The organization of virtual events is growing by 23 % par an. Boosted by the health crisis, online events are finally settling in permanently… It must be admitted that they have many assets! More economical and easier to organize, they are also part of the advent of metavers.
Party.Space, for example, raised funds to develop its virtual event planner activity in the metaverse.
There will therefore be a niche to occupy, as organizer/coordinator of virtual events! Although these are easier to implement, they require prior preparation to meet the company’s objectives. You could be responsible for creating virtual conferences, networking and training sessions for companies around the world…
11. Men’s beauty
More and more men are using cosmetics: moisturizer, BB cream, foundation… According to the NPD research group, sales of men’s care products increased by about 15% in 2022. The market is expected to reach 160 billion euros in 2023, thanks in particular to subscriptions to shaving kits or toilets.
If you want to start selling men’s cosmetics, this is a niche to consider. And if you are afraid that the market is too small, you can opt for unisex products.
Recent brands such as Nostra, Aesop and Kiehl’s have opted for gender-neutral formulas and packaging. Their products can be used by both men and women. These brands prefer to focus on the composition and benefits of products… and it works!
This is Nostra’s online store. We find that the products have sparkling and fresh colors, without gendered markings (no pink or pastel colors for women, and blue or black for men, for example):
12. The publishing of podcasts
The podcast market in France is 200 million listens a month. More and more content creators are launching their programs. You can take advantage of this trend to earn revenue, especially if you are proficient in audio editing tools.
Indeed, mounting and editing podcasts takes a long time. Companies and influencers who use this means of communication will be happy to free themselves from the hours of editing, if someone can do it for them!
It is still a niche market, on which you can easily make your place in 2023.
13. Domain name investor
Did you know that it is possible to invest in domain names? Some URLs can become valuable, especially if they contain important SEO requests, a corporate name or the name of a fashionable personality. And when we talk about value, it can be millions of euros! Tesla’s domain name cost more than 9 million euros…
The domain names in which to invest must be short, memorable and marketable. Start by searching for potential and affordable domains on auction sites. Buy multiple names at the same time to increase sales prospects. You can also bet on terms with local keywords.
Then, create a homepage for the domains you want to sell or contact potential customers directly, especially if the URLs have a link to their business.
According to the Euler Hermes barometer, 2 entreprises sur 3 have experienced at least one cyber attack attempt in 2022. If there is indeed a growing need clearly identified by businesses, it is cybersecurity.
Whether as an IT security engineer or as a consultant, you will be responsible for detecting vulnerabilities, identifying vulnerabilities beforehand and protecting businesses. Threats that have increased with the COVID crisis, as well as the adoption of telework.
With the digitalization of every aspect of everyday life, a freelance specialist in cybersecurity can survive in the long term. Finding first customers will therefore not be difficult!
By 2025, the Internet of Things (IoT) industry is expected to generate nearly 10 000 milliards d’euros (no, this is not a typing error…). Televisions are now connected, as are appliances and entire homes!
Even if you can’t produce these items, you can sell connected products that look revolutionary, like:
Smart clothes: there are jackets that answer the phone, swimwear that remind you to wear sunscreen, ballet slippers that help you perfect your choreography…
Connected everyday objects: a trash can that helps with sorting, a connected outlet that monitors your energy consumption, a connector to place on the OBD port of your car to save fuel…
Sports accessories: a sensor to be installed on a tennis racket to analyze its performance, a smart basketball that evaluates trajectories, connected ski goggles, etc.
How to choose an e-commerce idea that works (infographic)
Before embarking on e-commerce, it is necessary to find a range of products with little competition or a market in which improvement remains possible.
The ideal equation? Sell the right product at the right time in a promising market, while implementing a high-performance marketing strategy. However, with the growth of online stores (over 200,000 active merchant sites in France), it is becoming increasingly difficult to find a niche to exploit.
That’s why Bumbizz offers you the infographic created by the agency « A Better Lemonade Stand », which identifies the main issues that an e-merchant needs to address in order to determine a successful e-commerce business idea.
Market research: a prerequisite
Knowing the size of the market you are targeting is a prerequisite. The smaller the market, the more targeted your ads will need to be. However, choosing a niche that is too small will make it difficult to find customers and encourage them to make a purchase.
In addition, you will need to identify the distribution networks of your product idea. Indeed, offering consumers products that are easy to find at the local supermarket may not interest them very much!
You must also be able to define the target market for your merchandise. Keep in mind that some categories of people are still reluctant to make online purchases (even if this phenomenon is becoming rare). Also note that if your products are for minors, chances are they don’t have a credit card…
You must also have a thorough knowledge of your competitors. If they have been present in this market segment for a few years, this implies that the latter is stable and therefore does not present much risk. However, ask yourself if you can make your place among them?
The price of products
It is important that you have a clear idea of the price at which you will sell your products.
The infographic informs us that for a successful e-commerce, the price of your items must be between 70 and 150 euros. Offering a lower price would result in a relatively small margin. However, if it is more than 150 euros, consumers are likely to be suspicious.
Inventory management is one of the most important issues facing e-merchants.
To ensure your idea is viable, you must negotiate with your (potential) suppliers to agree to sell you the minimum quantity of products. The time to be sure to have the necessary customers to listen to a maximum of stock and be able to increase the quantities ordered.
When opening an e-commerce site, it is essential to take into account the obsolescence of products. Indeed, some of them, such as smartphones, tablets are constantly evolving. Your stock must therefore be renewed permanently without guarantee to sell your products already stored
Your motivation and personal commitment
Transforming an e-commerce site into a true success requires time, money and a strong commitment. If you are not passionate about the market you want to position yourself in, there is little chance that your online store will be profitable.
Defining a sales strategy that sets you apart from the competition is an essential step in your approach. Have you thought about the type of customer service you will offer? Do you know your added value compared to your competitors? You need to address these themes before you head down.
Knowing the profile of your potential buyers is also crucial to implement your marketing strategy. It is thanks to quality communication, propelled at the right time, on the right channels, that your e-commerce will become a success.
For this purpose, be able to surround yourself with competent professionals to help you find the best idea and develop it! To do this, find experienced freelancers on Bumbizz.com. They will allow you to turn your idea into a real project.
Bonus: Bumbizzr.com offers you a free white paper to give you the tips to succeed its e-commerce site.
Whatever you choose as a new activity, study the potential revenues as well as the costs associated with starting your business.
Visit Bumbizz.com to post your project and receive quotes from freelancers to help you start your business now.