Startup Business Ideas for 2020

Today, many professionals, in order to secure their financial future, are contemplating starting a business. This change in the mentality of people coupled with the amazing different business opportunities that the internet has opened up, is propelling many people towards starting their own businesses.

So for all those men and women who are thinking on the same lines, here are some lucrative startup business ideas.

The interactive whiteboard industry is booming like never before. In the recent years, as online education becomes an integral part of the academic curriculum, technologies related to online education are gaining immense popularity.

Many companies have already started grabbing the opportunity to provide better and user-friendly services for the students, teachers and parents. So get all your geek and tech wizard friends together to embark on an entrepreneurial journey.

The mantra today is to go green and the number of start-ups related to the energy industry has also shot up significantly in recent years. Saving energy, effective means of conserving it, education about energy, alternative energy sources, carbon footprints, carbon credit agencies and the list goes on.

This industry has tremendous potential in this energy starved era. So you need to figure out what is needed in this field and of course there is decent money in it.

Digitization needs no introduction. The whole world revolves around it. Setting up a digital marketing firm is surely a good option. Digital marketing includes search engine optimization (SEO), e-commerce promotion, content marketing, i.e., to promote the services through digital medium, majorly the Internet.

It also includes promotion of the product on social media platforms which are indispensable today. Digital Marketing as a business is very lucrative, if the customers and users requirements are fulfilled properly, and if one is totally updated regarding latest web trends.

Those with good programming skills and a flair for creativity have the chance to come up with mobile or web-based applications that can prove to be a useful tool for billions of users all across the world.

Even starting a website catering to the ever-increasing needs of technical assistance for several businesses is a great idea!

If you are looking for a business from home, then you can consider Internet affiliate marketing. The basic concept behind this online business is that you help a manufacturer or marketer of products to sell his products online by promoting them on your website. So, you must have your own website, with quality content, that pulls the traffic to it.

Sometimes, profit sharing is done on the basis of the number of sales made through your website, this is known as "pay per sale".

To become an event planner, the only qualifications required are superb organizational skills, ability to pay attention to details and excellent public relations skills. If you think you have the skills to become an event planner, talk to your acquaintances if they have any function or party coming up.

Initially, start with organizing small functions and if you are able to arrange them well, very soon you will start getting business through word of mouth. You can even venture out to organizing corporate functions at a later stage. Event planning is indeed one of the most profitable start-up business ideas.

Today, many people are facing the stresses of life on their own, and you can offer them a helping hand, by becoming a life coach. For this, you should be good at understanding human nature as well as empathizing with people.

Good communication skills, listening skills, a positive attitude, being well-read and experienced are some other requirements of such a lucrative business. Most importantly, you should be able to offer solace as well as practical solutions to people's personal problems.

A little store or a boutique is a great idea especially for women. A little space with enough furniture should suffice to start such a business. Selling imitation jewelry, clothes, lingerie, cosmetics and other beauty products is a great way to being self-employed. The profit margins in these products are usually great.

You could also come up with a shop that sells mobile phone covers and other accessories. Selling footwear is also a cool alternative.

You can take up assignments as and when you want to. The kind of flexibility such a business provides, is second to none. The only challenge in converting these hobbies into a career is that you have to invest your heart and soul into them, backed by a properly executed plan.

These days, with so much importance being given to health and fitness, there is a great demand for personal exercise trainers. If photography is your passion, you can offer to cover weddings or business meetings.

For those of you who are good at writing, there is a huge requirement for content writers, bloggers as well as editors on the internet. Freelancing in any field has many perks besides the money.

Moreover, you have to ensure that initially you're not completely relying on them as your sole source of income. Only after you have been able to place yourself firmly in this field, you should follow them full-time.

Nevertheless, there is a large number of people who have followed their guts, quitting their jobs and following their passions. So in the end, the decision is yours and you have to trust yourself.

For these business ideas to be successful, you need to be very good with your planning. You should have finance available to make the initial investment and some contacts as well, to get you the first few assignments. Remember, fulfilling these work assignments with full focus and dedication will help you get more business as well as new clients.