Business

Published on March 14th, 2019 | by Sunit Nandi

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Most In-Demand Business in 2019

There are a lot of opportunities to start a business and make profits by utilizing the right expertise and skills set. Here is the list of most in-demand business in 2019 to watch out and achieve the desired success.

1. Digital Marketing Agency

The fast emergence and popularity of Digital Marketing with its countless benefits is making it demanding business in 2019. The first step to start this business is thinking a brand name which can earn you the digital presence online. Remember to check its domain availability on whois.com. Keep it short and prefer to opt for the .com extension. Develop a good logo or hire someone to design it for you.

Create a website using a suitable theme and add the content along with “about us”, “contact us”, privacy policy, terms and conditions and services web pages. Start your projects by bidding on the platform such as Freelancer, Upwork, etc. Develop your portfolio and add projects after completion. Don’t forget to check the tax details and pay them regularly.

2. Software Development Company

There should be solid technical background required if you’re planning to start the software development company. But this isn’t enough as it requires the marketing skills as well to flourish the company. The first step in starting a software development firm is to hire the right team with the required skills. Once you have the talented team, get your legal and business foundation set up. Next step is the development of software products that people actually want to buy. Think of innovative ideas and start developing them.

If you lack the technical background then you will still be able to run a successful software development company. Remember you can manage the things if you’re using the right tools and outsource the right vendors. No business is perfect so you have to test your product several times. As long as you’re willing to work there are no permanent failures and you can successfully launch the products.

3. Cybersecurity

The Internet has changed the world with its innovation but at the same time, it has lead to many cyber-crimes which range from financial to personal to national security issues. This is the reason to put more efforts into securing the data from those who are seeking to use them for the purpose against intends of the owners. Hence starting a cybersecurity business is the lucrative option as the individual and government want to protect the data.

For starting this kind of business, you need technical skills to secure the data and protect your client account from the attacks. Plan your business concept and consult with the business consultant so that they can provide the right suggestions. Perform the market research and then you can start the business.

4. Event Management

Starting the event management business requires specific personality traits that are outgoing and social. You should be a creative thinker in order to run the event management business as it requires last-minute changes many times. If you like facing the clients and love the teamwork then event management might be the right business for you.

Identify the type of events you wish to organize as there are many types of events including corporate meetings or wedding planning. There are basically four types of events such as celebrational, educational, promotional and commemorative. Select your niche and then make a business plan including an executive summary, company overview, Industry analysis, customer analysis, and competitive analysis, marketing and financial plan and team management. Set up the legal aspect of your side. Obtain funding and start marketing and then you will find the first client.

5. E-commerce Site

Marketing business online is an effective way to capture leads or sales. The first step in starting an e-commerce business is deciding the creative brand name and registering the domain. You can use Shopify to build your e-commerce website. Get your employer identification number to file your tax and open a business bank account. Operating an e-commerce business need certain license and permits so get those approved. You will have to face the competition selling the products so it is important to find the target customers. Start marketing and selling your products.

These are some of the businesses highly demand in 2019. If any of these suits your interest then start it and make profits.

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About the Author

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I'm the leader of Techno FAQ. Also an engineering college student with immense interest in science and technology. Other interests include literature, coin collecting, gardening and photography. Always wish to live life like there's no tomorrow.



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