They say curiosity is the mother of all inventions. Well, so are daydreaming and coincidence. Consider this – you’re sitting at your desk reviewing your smartwatch when suddenly your mind buzzes with an exciting idea that might transform the way people look at wearable tech.
What do you do? You either dismiss the idea as too good to be true and go about your life again, or you decide to turn that idea into a tech startup.
If you choose the latter, this is what this guide is here for! Let’s discuss the top 10 exclusive tech startup ideas that are not just plausible but profitable options for 2022.
1. Food Tech
Though it is a vital means of survival, food is becoming a growing problem in many parts of the world. According to the Food and Agriculture Organization of the United Nations (FAO), 18% of total greenhouse emissions directly result from livestock production.
Not only that, but a documentary titled “Cowspiracy” revealed that making a single hamburger requires a gargantuan 2,500 liters of water! Such production-consumption patterns are not sustainable in light of rapid climate change.
If you wish to be a part of the solution, you can start a food tech company that focuses on producing sustainable, healthier plant-based options.
2. Extended Reality (XR)
With the help of smart wearables, real and virtual environments can be combined – enter Extended Reality. This is one of the top tech startup ideas in 2022 because of the high demand for human-technology interactions.
More and more businesses are demanding these technologies to give their customers a one-of-a-kind experience and stand out from competitors. For instance, Nike uses AR and VR technology in its physical stores to let customers experience the different steps in its supply chains.
You can also ride on this trend and develop an AR/VR app to propel other businesses in the market.
3. Top-Value CRM Tool
Customer Relationship Management or CRM has become the lifeblood of almost every e-commerce business, be it small, mid-size, or enterprise-level. This is mainly because it unifies all areas of business departments into a single platform.
More so because it makes the organization more customer-centric, one of the cool tech startup ideas would be to develop the next-gen CRM tool. But be careful as several innovative players already dominate this space.
So, get to know each of the current tools, their benefits, and drawbacks, etc. Once you’ve found the gap, you can work on a prototype that fills those gaps for maximum results!
4. Real Estate Management Platform
Are you interested in sharing the burdens of real estate agents and professionals? Then, perhaps one of the best tech startup ideas for you would be to develop a high-quality real estate management platform.
Real estate agencies are resourceful places with busy individuals. They can benefit from a platform that eases their life through client management, easy access to critical information, portfolio management, rent collection, and more.
Your platform can also be a safe spot for real estate professionals to share concerns and connect as a community. Create an end-to-end ERP suite for real estate businesses because you’d be surprised how desperately they need one!
5. All Things Related to SaaS
Software as a Service or SaaS is undoubtedly in the spotlight today. Every industry is benefiting from these solutions. So, there are many ways in which you can leverage this field.
The first one would be developing a SaaS platform that exclusively caters to the legal industry. This is because it is one industry that has changed a lot through SaaS tech, especially since COVID-19.
The Law Society even revealed that using ML and AI has saved lawyers 20% to 60% of the time otherwise spent reviewing information. There can be other areas that you may address through your platform.
Since the SaaS area is too broad, perhaps you can develop SaaS training courses and pitch them to organizations that might need them. Thirdly, you can even start a blog about SaaS. Cover a wide range of topics such as software development and Artificial Intelligence. Once you’ve established yourself as an expert, you can monetize your blog through Google Adsense.
6. Social Media Analysis Platform
Closely following the humble email, social media ranks next in terms of the best marketing channels. You never know where your target audience is most active between Facebook, Twitter, LinkedIn, Instagram, or Pinterest.
However, the content that goes into making these platforms useful cannot perform well in isolation. It must be constantly analyzed and monitored to understand which format, topics, etc., are trending and performing the best.
Since this is a significant need in marketing today, you can make the most of it by starting a platform or service to help businesses understand their content better. They can identify content loopholes through data collection and comparison to better serve their customers.
7. Payment Gateway
Now to make it big in this area, you need to be an expert in the field. However, it is one of the best tech startup ideas, given that there are few current solutions. Universal payment gateways responsible for enhancing the customer checkout experience are constantly evolving.
The future leans towards voice commerce, NFC contactless payments, blockchain and AI, and more. Suppose you have a unique idea in this direction. In that case, you can set up a universal payment method that supports several payment modes such as bank transfer, debit and credit cards, mobile operator billing, and more.
This is an attractive startup idea because it helps solve the security and financial problem for sellers and customers alike
8. Fitness Tech
It was not until the pandemic that people brought their fitness regimes into their homes. People began taking control of their health through personal equipment, YouTube videos, and online programs.
Many companies, sensing the need, began employing technology and tools to develop apps such as FitBit, Inner Space TV, and more. As per the founder of United Capital Source Inc., Jared Weitz, success in the upcoming years can be determined by combining a high-tech device with an exercise app.
So, you can find your opportunity here by developing fitness devices such as smartwatches, fitness trackers, and even fitness and health applications.
9. On-Demand Pharmacy Store
With the COVID-19 pandemic, the demand for pharmaceutical drugs has skyrocketed. Companies developed innovative ways to ensure faster delivery of required drugs and other medical equipment. This mainly included the development of medical delivery apps.
The primary advantage of an on-demand pharmacy store is that you can check medication availability from the comfort of your home and have them delivered. Since the pandemic has not yet cooled down, people are likely to need an on-demand pharmacy store even in the future.
So, if it is something you feel you might be interested in, leverage the existing trend and set up an on-demand pharmacy store and medical delivery app.
10. Online Learning Platform
The post-COVID era is seeing a rise in digital education. No longer are classrooms the only environment where students can sit and learn. EdTech startups are disrupting the space – such as Skillshare and Coursera offer everybody access to courses from top universities and companies.
Do you have any ideas on enhancing students’ learning experience to improve education outcomes? If yes, then make your solid value proposition. Perhaps running an online learning platform is among the best tech startup ideas for you!
1. Is it possible to start a tech startup without any money?
It’s possible to have a great idea without resources. So, should the world not get to hear and witness your solution? Of course not! If you know you have one of the best tech startup ideas, you can build it by pre-selling your MVP (Minimum Value Product). Reach out to your target markets across social media, Slack channels, etc. and see if they’d be interested in what you have to offer. That way, those ready to buy can help before the cash runs out.
2. What are some things to keep in mind to build a successful tech startup?
Some of the top things you should keep in mind to build a solid tech startup include:
- Defining the startup’s purpose
- Making innovation second nature to your business
- Being brave
- Working hard while practicing patience
- Setting realistic goals that are budget and time-bound.