Thanks to the internet, a new online business sector emerged, which provided many new opportunities for online and brick-mortar-business and new business models. We saw the rise of e-commerce stores, social media sites, mobile apps, and many other businesses.
Contrary to popular belief, we haven’t exhausted all the possibilities for new startups in 2022. So, if you’re an aspiring entrepreneur that lacks inspiration or isn’t sure how to start your entrepreneurial journey, here we’ve rounded up five great startup ideas.
Online Casino
The online casino sector is growing exponentially, providing many opportunities not just for casino players that want to play online but also for startups in the iGaming sector. For example, there are casino sites that cater to high rollers and specifically offer table games like blackjack. So experienced casino players can play online blackjack real money on a casino site that offers exclusive high-quality blackjack games.
There are other startup ideas for the casino sector that include mobile apps which allow you to participate in various casino tournaments and new iGaming developers that specialize in live casino games.
So, it’s safe to say that there is a slew of opportunities in this sector, but keep in mind that due to its competitive nature and extensive regulations, it’s necessary to work in compliance with the gambling laws and to have a good business strategy and budget.
Chatbots
Chatbots are based on Machine learning technology and have become more popular in recent years; with the boom of e-commerce shopping, they also are considered a necessary component of most online businesses that deal with a huge number of queries on a daily basis.
There are different types of chatbots, from advanced ones that understand nuanced conversations and are able to solve more complex issues to chatbots that are programmed for simple operations. If you have the right skills and motivation, you will be glad to know there is a rising demand for chatbots, and it’s expected that the chatbot market to reach a revenue of $142 billion by 2024.
Online Courses
Online tutoring has also become more popular in recent years as it offers more flexibility for both employees and students. In terms of online courses, it is safe to say that there are more than enough opportunities if you’re looking to create a course that serves a specific niche.
For example, there are general courses like digital marketing, website, economics, and singing, but if you already have a professional experience in a certain area, like HR, for example, you can create an employee onboarding course which is targeted towards HR professionals in that sector.
But keep in mind although this is a very profitable sector and it’s expected to hit $1 trillion by 2028, it is very competitive. This is why it’s beneficial to choose a less competitive niche and focus your digital products, courses, and classes in that area.
Online Dating
The online dating market exploded with the introduction of mobile apps like OkCupid, Tinder, Bumble, and many others. So, if you’re looking to start an online dating site, the good news is that the online dating market is thriving as it was worth $7.5 billion in 2021. Furthermore, you can focus on a specific niche.
For example, you can focus on building an online dating app for the LGBTQ community or an online dating service for people that work in rural areas like farmers. So, there are definitely many other creative opportunities to develop a dating app which caters to a specific target audience.
Vintage Clothing
There is an increased market demand for sustainable fashion, which has boosted the popularity of second-hand clothing. This is a $96 billion industry on a global scale with projections that estimate a rapid growth with revenue of $218 billion dollars by 2026. Needless to say, there are plenty of opportunities for businesses that want to sell vintage and second-hand clothes.
Some successful businesses include ThredUp, Depop, ThredUp, the Real Real, and many others. The only downside is the growing competition in this sector, but if you have access to well-preserved garments, then all you need to do to start your business is to start selling your clothes on already established apps, or you can sell them for your Instagram store and even found an e-commerce store that specializes for example in vintage clothes from the ’50s, ’70s or another decade.
