Today, it’s all about technology. Entrepreneurs clamor to become the next Google or Facebook. The famous Jerry Maguire line, “Show me the money!” applies to technology rather than sports in this day and age. You’re an aspiring entrepreneur, and you want to be the next Mark Zuckerberg. With everyone jumping on the technology bandwagon, however, how do you know what type of tech business to get into? You may have grandiose dreams of taking down Google, Inc., but lots of luck with that. Entrepreneur magazine has a few suggestions for your startup business. Here are four of them.
1. Smartphone and Tablet Repair
Unless you’ve been living under a rock for the last decade, and you haven’t, you’ve noticed that no matter where you look, everyone has their noses stuck to their devices. People even pay more attention to their smartphones or tablets than their walking and driving, which really isn’t a good idea. You may be tempted to shout, “Look up! Enjoy the beautiful day!” but what if you could others’ obsessions into your pot of gold? Learn how to repair these crutches. You can open up a shop or online business and replace dead batteries, cracked screens, or phones that have been dropped in – well – the toilet for your ever-growing customer base. The beauty of this idea is you can help people from all over the world.
2. Flip Houses
Online houses, that is. Unbelievably there is such as thing as website flipping, according to Entrepreneur, and the concept is the same as flipping houses. You purchase a website, spruce it up, and sell it to someone else. You have the choice of buying and selling domain names, which could be rather lucrative if you can get your hands on the right ones, or entire sites. If the website already looks great, you don’t have to do anything to it; just purchase it and sell it for a profit. Some web design experience might suit you well in this business opportunity, but it isn’t necessary. It depends on how much you want to get involved in the actual structure of the sites you sell. This idea has quick-and-easy cash potential.
3. Teach People
What about creating online content and courses that teach people? There is a huge surge in online education and more and more people love to spend their free time learning something new. What are you an expert at, and would other people want to learn that? If so, sit down and create an online curriculum designed to teach people what they need to know, or, better yet, work with an educator or educational company and propose a website to host their content. Not exactly your cup of tea? What about reaching out to your local schools, colleges, and universities, and offering to build and host their websites, including SEO optimization? Your business will grow as more schools solicit your services.
4. Manage Social Media
Speaking of SEO, social media is a huge portion of this and many businesses do not have the time to worry about managing their platforms. Smaller businesses don’t have the operating capital to staff a social media department, either, and this is where you come in. Open a social media management company and sell your services to local businesses around you. You must understand SEO and social media marketing to do this, as it will be your responsibility to boost your customers’ online presence and drive sales leads and/or actual sales to their websites. If you love to waste away the day on social media platforms, why not turn this into a money-making venture? You already know the platforms.
Finance Your Venture
One of these ideas has struck a chord with you, so how do you finance your venture? Chris Sacca, an entrepreneur in his own right and former Guest Shark on ABC’s Shark Tank, was a venture capitalist until he retired in 2017. Sacca helped finance the growth of Instagram and Twitter, among other multi-billion companies. He did this through a venture capital company he founded called Lowercase Capital. Sacca and his team went into businesses and used their expertise to design and manage a growth plan, and then Sacca’s company financed that growth. This earned Sacca the number two position on Forbes magazine’s Midas List: Top Tech Investors for 2017. It’s surprising Sacca decided to retire the same year.
Perhaps you aren’t ready for a venture capital investment just yet, which is what Sacca specialized in, but you could reach out to angel investors, your family, and friends, or use other forms of alternative financing to start your new tech company. Before you see dollar signs, however, put yourself on the road to success with a comprehensive and well-thought business and marketing plan sure to draw attention to your new business right away. If you have all your ducks in a row from the get-go, you stand a better chance of taking Google, Inc. down after all.