Business Investment Opportunities That Are Worth Exploring
- BY Jaspreet Kaur
Feature Writer, BusinessEx
- Nov 02,2020
- 14 Mins Read
As the business ecosystem is changing, new business investment opportunities are approaching. The new business opportunities are a concoction of technology and entrepreneurial mind. Digitising the business has become immensely crucial in this digital era. Otherwise, similar to the current scenario, they strive for sustenance.
Here is a list of business investment opportunities that you can explore. These opportunities are primarily contingent on technology, thereby, mostly operational from home or any other place.
Virtual Call Center
In recent times, virtual jobs are mainstreamed in the business ecosystem. Low-cost, efficiency and spontaneity are key reasons why large corporations and small entrepreneurs opt for virtual roles. Keeping this in mind, you can start your own virtual call center. For this, you have to employ people who are hardworking and willing to take responsibilities while working from home. You have to train them and coordinate from time-to-time to check their work status.
This entire business concept operates digitally without a need of a physical office. To make it successful, you need to create a detailed business plan, covering all loops. You have to hold regular meetings with the employees to ensure smooth functioning of the organisation. Such a business model requires less investment and more strategising.
Shopping experience has lately enhanced with the intervention of online shopping. Consumers now get a variety of options to choose from, especially at their own convenience. Seeing the current situation, the viability of an online venture is high. According to Statista, With increasing urbanization and a growing digital population, city lifestyles are becoming less and less conducive to being able to shop physically – for lack of time, energy and convenience. A staggering growth in the country’s digital payments sector acts as a catalyst for carrying out activities online. This in large part includes online shopping, especially in the Indian context with its cultural myriad of festivals and the need for gifting.
Therefore, you should invest into an online store. It is a lucrative business investment opportunity as it requires less capital infusion and maintenance. There are various things that you can sell in an online store such as clothes, books, footwear, and accessories etc. While initiating an online store, you have to ascertain several free tools on the Internet and narrow down the best ones. These free tools will help run the business spontaneously.
You would not require a physical space to kick-start the business. Although, you would require a warehouse to store stock. Operational cost of the business is also considerably low; therefore, you would not require much investment to initiate an online store.
Data Analyst Consultancy
In this digital age, companies accumulate piles of information from customers, users, and other spheres. However, they cannot make use of that information effectively. Owing to which, hard work is wasted and the company cannot make sound decisions regarding the market.
By employing data analyst consultancy, this problem can be resolved. Heaps of data, which is accumulated by the company, becomes usable and molded into a clearer picture. This, in turn, helps formulate business strategies and foresee upcoming market trends. It also helps ascertain change in the consumer preferences and taste.
For this business investment opportunity, you need to have a degree in data analytics. Apart from the education, you need to have some experience in hand as well. The business model works digitally and requires less investment as well as manpower.
Social Media Consultancy
In today’s times, social media is the most powerful niche. It gives a voice to express, entertain and exhibit one’s talent apart from reciprocating dialogues. If you know how to operate it, you can employ it to help companies achieve their objectives.
For setting up a social media consultancy, it is not necessary to attain a degree. If you know the apt social media tools, then you can do it easily and assist other companies in creating a strong online presence. For initiating it, you would not have to invest a lot of money.
These business investment opportunities are viable ideas that you can choose. If you know more business ideas that are novel and lucrative, then share with us in the comment section.
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