Lucrative Business Ideas in 2014

October 28, 2013 | Valerie Wong

If you're thinking of starting a new business, then you need the right ideas. You may be wondering what kind of business would be the most lucrative in 2014. There is no single answer to this question, as many business types and models can be profitable. But one thing is certain; the rise of technology and Internet use has given entrepreneurs everywhere some great ideas. If you want to start a business in 2014, take a look at some of these ideas:

Mobile App Development Services

There are hundreds of millions of individuals that own a smart phone or tablet on this planet. This means that the market for mobile apps is huge and expanding day by day. While the Internet was previously seen as something people accessed from a PC, the arrival of new devices has changed that. While smart phones and tablets are now popular ways of getting online, futuristic devices such as Google Glass are also gaining traction.

Users of these devices are keen to get new software for them. The list of app types that can be created is simply enormous. Games, productivity tools, fitness trackers, photo sharing apps, navigation aids and mobile business software are common examples of mobile application types that are really “hot” right now. There is also a growing demand for security and anti-virus tools aimed specifically at mobile devices. Furthermore, many of the most popular apps were initially designed by small companies or individual developers.

Social Media Marketing Services

A growing number of businesses, both large and small, have realized that social media sites like Facebook, Twitter, Google+ and Pinterest can be a good place to promote their products and services. Some have integrated their social media with other online marketing channels like video marketing and email. In other cases, such as with start-ups that appeal primarily to a youthful audience, social media is the only marketing channel used by most of them.

The popularity of social media means that there will be growing demands for firms that can help businesses take advantage of it to promote their offerings.

Graphic Design

Chances are, you've seen a fair share of infographics while surfing the web recently. While they aren't exactly a new invention, infographics have surged in popularity in the last couple of years as they are able to convey information in an easy to understand format for the reader. They can also be shared very easily on social sites like Twitter, Facebook and Pinterest. Many bloggers will also share infographics that they found particularly useful and interesting.

If you're good at graphic design, this presents a unique opportunity for you, as numerous businesses would like to have infographics professionally made for them. Many also hire graphic design firms to create other visual elements that they use on their websites or online advertising materials.

E-Commerce Sites

Even famous online shopping sites like eBay and Amazon had humble beginnings as small companies. The online world gives you a unique opportunity to sell almost anything you want to anyone around the globe. You can source products from suppliers and re-sell them at a profit on your own website. If you want to get even more unique, you can also develop your very own products and sell them online. E-commerce is seen as a winning business model as it takes out the overhead that is commonly involved with operating a retail location.

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