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If you had to start an online business from scratch today, what niche would you choose and why?

Discussion in 'General Business' started by shellyboy911, Dec 13, 2023.

  1. #1
    What's a good niche for you to start an online business in and why you choose it?
     
    shellyboy911, Dec 13, 2023 IP
  2. sarahk

    sarahk iTamer Staff

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    #2
    Fun things that are cheap enough to be an impulse buy.
     
    sarahk, Dec 13, 2023 IP
    shellyboy911 likes this.
  3. Artisan

    Artisan Well-Known Member

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    #3
    Online baby sitting service through the web cameras, which
    will alert the parents, when the baby needs their attention.

    Many people have no time to look at their children continuously,
    and many people will be happy to provide such service remotely.

    For such business, you should have,

    1. The inventors of such things.

    2. The manufacturing facilities,
    which can make many of these things,
    while the fashion continues.

    3. The money for advertising.

    Quite difficult for the start.
     
    Artisan, Dec 14, 2023 IP
  4. sarahk

    sarahk iTamer Staff

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    #4
    Dropshipping?
     
    sarahk, Dec 14, 2023 IP
  5. jrbiz

    jrbiz Acclaimed Member

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    #5
    I am not very technical and more on the sales/marketing side of things. But if I were to start a business today, I would be thinking about something to do with AI.
     
    jrbiz, Dec 14, 2023 IP
  6. azeem javed

    azeem javed Greenhorn

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    #6
    AI is already done nicely by big companies. what you will do with Ai ?
     
    azeem javed, Dec 14, 2023 IP
  7. guiriduro

    guiriduro Well-Known Member

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    #7
    AI has a whole bunch of opportunities and applications that even a small/solo business could be built around. Sure, the Microsoft/Google megacorps provide the core technology, but that's a platform for many other smaller players to build on and specialise. At the SMB end, there are a bunch of niche AI "enhancements" that if you can think of one or two that can give you or your clients an edge, and if you can sell it, that's a business. If anyone wants a niche AI idea critiqued or validated or fleshed out, I can help (have Technical and Commercial background.)
     
    guiriduro, Dec 15, 2023 IP
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  8. jrbiz

    jrbiz Acclaimed Member

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    #8
    Yes, there are quite a few general LLM's out there with more to follow. All that means is that there is great opportunity as the overall technology gets more and more accepted. Many specific industries might benefit from AI, but the technology will need to be tailored to meet their needs. Neural networks, for example, can be used in many areas, but they need training datasets for the subject/topic that they will be involved with. So, a small cottage industry has sprung up around creating actual or even synthetic data for such specialized training. I know of one translation company that is killing it right now by having their translators around the world record voice scripts in their native languages to help train telephone voice recognition systems. The opportunity is only limited by your imagination and creativity.
     
    jrbiz, Dec 15, 2023 IP
  9. GreenHost.Cloud

    GreenHost.Cloud Member

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    #9
    Content production includes various forms such as text, images, commercials, and private content.
     
    GreenHost.Cloud, Dec 16, 2023 IP
  10. hanoidesign

    hanoidesign Well-Known Member

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    #10
    I have the same thought. Seeing AI is trending everyday. We do a lot of Odoo (Open ERP) customization and seeing ChatGPT is integrated at different levels in business workflows.

    I think we don't have to do big things, but small improvements to your niches using solutions from big provider (API integration, customized implementation) are possible.

    As an example, we've implemented prediction AI query into client CRM, then when client starts typing customer name into a new quotation, she get a short list of customers popped up to choose (resulting from prediction query), ones that she mostly works with...
     
    hanoidesign, Dec 30, 2023 IP
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  11. Jaxon Wild

    Jaxon Wild Peon

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    #11
    https://www.promptmaster.com/partner
     
    Jaxon Wild, Dec 30, 2023 IP
  12. Jaxon Wild

    Jaxon Wild Peon

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    #12
    https://www.promptmaster.com/partner
     
    Jaxon Wild, Dec 30, 2023 IP
  13. Leilani32

    Leilani32 Peon

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    #13
    1. Examine your interests and strengths. The first step to identifying the right niche involves determining your interests and abilities. ...
    2. Evaluate your options. ...
    3. Analyze the market and competition. ...
    4. Identify a profitable niche. ...
    5. Test your ideas.
     
    Leilani32, Dec 30, 2023 IP
  14. TSalo

    TSalo Peon

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    #14
    I totally agree! fun things are always popular especially if you don't have many competitors.
     
    TSalo, Jan 3, 2024 IP
  15. Challenge.IS

    Challenge.IS Peon

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    #15
    SEO agency helping small business owners succeed with consistent flow of customers
     
    Challenge.IS, Apr 2, 2024 IP