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

What's a good niche for you to start an online business in and why you choose it?

 

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.

 

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.

 

AI is already done nicely by big companies. what you will do with Ai ?

 

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.)

 

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.

 

Content production includes various forms such as text, images, commercials, and private content.

 

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...

 

https://www.promptmaster.com/partner

 

https://www.promptmaster.com/partner

 

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.

 

I totally agree! fun things are always popular especially if you don't have many competitors.

 

SEO agency helping small business owners succeed with consistent flow of customers

 

Look for a niche that's experiencing increased interest and demand. This could be anything from sustainable home goods to virtual fitness coaching. Target a well-defined audience with specific needs and interests. This allows you to tailor your products or services effectively.

 

If I were to start an online business from scratch today, I would consider entering the gaming industry, specifically focusing on game modding and customization. The gaming community is vast and continuously growing, with a strong demand for high-quality mods and custom content to enhance and personalize gaming experiences. By offering a platform or service that facilitates the creation, distribution, and management of game mods, such as a mod marketplace or a comprehensive mod manager like Vortex, I could cater to the needs and interests of gamers looking to expand and customize their favorite games.

The reason I would choose this niche is that it combines my passion for gaming with the opportunity to provide a valuable service to the gaming community. With the increasing popularity of gaming and the ever-growing demand for unique and personalized gaming experiences, there is a significant market potential for a well-designed and user-friendly platform or service that simplifies the process of discovering, installing, and managing game mods. Additionally, partnering with game developers and mod creators to promote and showcase their work could create a vibrant and collaborative ecosystem that benefits both gamers and content creators alike.

Overall, entering the gaming industry with a focus on game modding and customization would allow me to combine my passion for gaming with a business opportunity that has substantial market potential and caters to the needs and interests of a large and engaged community of gamers. By offering a platform or service that facilitates the creation, distribution, and management of game mods, such as a mod marketplace or a comprehensive mod manager like Vortex, I could create a valuable and innovative solution that enhances and personalizes gaming experiences for gamers around the world.

 

I would start an authority site for "pest control". This niche is large but can be broken down to the smallest on the same website.

 

In my case would it be make money online and doesnt mean that this would be a good niche and in fact in can be not good for beginners but i would choose this because its my passion ,i know a lot and i like it
So this would help me to write content ,helps people on this niche ,answer to questions etc
So in conclusion its not only the best niche its about the best niche that you would help people with your content etc

 

Your idea to start an online business focusing on game modding and customization is indeed a promising venture. The gaming industry is indeed a dynamic and ever-expanding field, and the modding community is a testament to the creativity and engagement of gamers worldwide.