There will always be room for new ideas, particularly in business. Over the years, ideas have come and gone – some with a bang and some with a whimper. Many of these ideas have revolutionized the industry while others merely reinvented the wheel. But if you’re looking to start a venture that will make a difference, cater to a ready market and still have the profitability of a promising business, here is the biggest startup business idea you can use:
Easy going green
Green technology is one of the best and biggest business startup ideas that have ever hit the industry. With eco-friendly consciousness becoming widespread worldwide and still a small number of products to meet that demand, today is the perfect time to consider going into business promoting green technology. Already, industry insiders are predicting that this business will grow and become a trillion dollar a year business in 10 years’ time and could become the basis of the future global economy.
Some business ventures to consider:
Products recreated from recycled materials
From apparel to shoes to construction materials, products made from recycled materials have switched from being novelties at specialty shops to becoming mainstream items. Simple, uncomplicated and practical, the switch has become one of the biggest startup business ideas today, resulting to the establishment of hundreds of stores and production facilities around the world.
Probably the most saleable and ubiquitous so far are reusable shopping bags, touted as the eco-friendly consumer’s answer to the call for reducing product carbon footprints and encouraging the use of materials that would otherwise clog up dumpsites.
How much you’ll need: should you go homemade, you’ll spend from around $3,000 to $5,000, depending on the equipment and materials you use. Design also matters, primarily because this product line does enjoy some popularity.
Eco-friendly car dealership
Eco-friendly cars don’t only reduce the user’s carbon footprint, they also minimize the demand for fossil fuel. These are mostly hybrids and are designed to be fuel-efficient, thus allowing high savings to the user. Car dealership can involve sales or leasing, so you’ll have a choice. Either way, the use of alternative energy is indirectly being promoted. The business will require establishing a relationship with auto manufacturers, although a known dealer could offer the same opportunity for nearly the same profits.
How much you’ll need: $10,000 to use with alternative models, probably lower if the auto producer is smaller. The latter option is a good choice for a startup business since new entrepreneurs might not want to shell out such a big capital. The need, however, is huge and continues to expand.
Selling products that have been produced using organic methods helps promote a healthy choice and encourages a more responsible way of using natural resources. Organically grown plants, fruits and vegetables, for example, present a huge market and remain as one of the biggest startup business ideas today. The demand for organic products is rising and the profits are quite promising, considering that organic products are better priced than products using chemical fertilizers.
By-products in this sector are also promising. They could be expanded to include product lines such as skin care, cosmetics, home cleaning and maintenance created from organic materials. Many consumers are making the switch to these products because they are hypoallergenic and made from natural and naturally-sourced materials.
This segment of the industry expects huge growth, which means more competitors will be joining the field, all the more reason to grab the opportunity to make your mark as early as possible.