Top Business Trends & Ideas 2020 for Startups & Budding Entrepreneurs



The past few years have been an awesome year for mobile applications. Today almost for everything we look for an app as they make our job easy. Applications lets to connect with the customers instantly. This helps to find targeted customers for the business. Business models like Airbnb, Uber, Dream11, etc made use of this app technology to generate more money. For the budding entrepreneurs, mobile and webs are the perfect way to enter the market and create a niche for themselves.
 
Here are some of the trending and on-demand business idea which is going to boom like a volcano in the upcoming years. Continue reading to find the best business idea for you. 
 
1. Food Delivery
 
It is one of the trending online business which gained a tremendous reach among people as they fulfill the daily need of an individual. Food is a very important one for everyone. Understanding the demand for food delivery among people, UberEats like food delivery services evolved and succeeded. As the revenue of the global market for online food delivery was estimated at $94 billion in the year 2019. Ans also experts predicted that in the future it is going to increase 9% per year reaching $134.5 billion in 2023. It is one of the businesses which is experiencing a boom.
 
2. Taxi Booking 
 
Transportation is playing a major role in everyone’s day to day life.  Everyone wants to have a safe and comfortable journey. An individual can easily start a business like UberTaxi and customize according to their needs. This taxi service industry is estimated to have a value of $183 billion as of 2019. It is also estimated to have a phenomenal growth of up to $318 billion by 2023.
 
3. Vacation Rental
 
Year by year the number of tourists is increasing. People are interested in exploring many new places. And also we all started expecting the place to stay in which the comforts like our homes. Taking this as a business concept Airbnb like business models had paved a way for entrepreneurs. As of 2017, the total revenue of Airbnb was 2.6 billion USD and expected to reach more heights.
 
4. On-Demand Multi-Services Application
 
The best example of this business is GoJek and handyman services. This is very much useful as it offers all the on-demand services in a single platform. It includes 30 + services like food delivery, taxi services, water, and flower delivery, beauty service, pet sitters, maid services, etc. One can able to earn more revenue by starting a business like gojek, as it has all the on-demand services into it. Users don’t need to install separate apps for each need.
 
5. Multi-Vendor E-Commerce 
 
Everything became online nowadays even from shopping. People love to shop from sitting on their couch. This business idea allows people to purchase everything from smartphones to clothes online. Amazon-like apps took this business and succeed in life. As of 2018, the revenue of amazon is 232.9 billion USD. This is another booming business industry.
 
6. Fantasy Sports Application
 
Through the world, the love for sports among people has been increasing. Betting using the mind skills and predictions also became legal. So Dream11, the trendsetter has carved a way for entrepreneurs who love to start a fantasy sports app/web. Dream11 is the first Indian fantasy sports app to reach the unicorn club. Fantasy sports platform should include multiple games like cricket, basketball, football, etc. 
 
7. Carpooling Services
 
Carpooling is one of the coolest business ideas. It helps mother earth from being over-polluted and also helps many people who don’t have a car by themself. BlaBlaCar is one of the successful business models in the carpooling industry. Uber also started Uberpool business by understanding the demand for carpool. To overcome the challenges of expensive ticket booking either in train, airplane or bus, the concept of sharing a ride came to existence. Now Slowly it had become a trendy business idea among the people.
 
8. Education Apps
 
We are entering the era of learning lessons on the internet instead of going to schools and colleges. Even now many schools and colleges take video lessons for a better understanding of the students. It is now a trend for doing online certifications and courses. It will surely grow in number in the future. The Internet also made easy for the students to understand the subject very clearly. One can easily now buy the Udemy Clone app and start an e-learning business.
 
9. Dating Apps
 
Not only the way of buying goods made online, but finding a calibrated love also became online in this digital world. Stepping out of the door to find someone to love is just replaced by swiping up and down of the profiles in dating apps. The digital world has made people find their love on online dating apps and the report says  $6.4 billion has been reached through the use of Dating applications. Thus, making a clone of dating apps like Tinder can make you easily collect multi-billion revenue in a short span.

There are still lot of trending business ideas, to know more stay until my next update or else  visit >> https://www.startupmart.net/top-business-trends-ideas-2020

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