8 Most Profitable Technical Ventures
Profitable Technical Ventures
Technical ventures are the most financially rewarding businesses of the decade. They, however take immense mental concentration, hefty investments and development effort to succeed. But if you have a unique idea that solves a pressing problem, execute it with a team that shares your vision to create a difference and you launch it correctly – your revenues fall into place. If you too wish to start a technical venture that’s more than a hustle, but definitely generates a handsome revenue stream, here are top 10 technical product ideas you can start developing today and yield economic benefits from them tomorrow:
SaaS, abbreviated for Software as a Service are different from traditional software in the way they function and are stored. Unlike traditional software programs, SaaS are hosted on cloud services like Amazon, Google Cloud or Microsoft Azure. Also, users don’t install or download these SaaS on their physical devices, but use them on a subscription basis on their browsers.
Some popular examples of profitable SaaS include HubSpot, Canva, Adobe Creative Cloud, Grammarly etc.
SaaS development is one of the most expensive technical ventures and you’ll have to work with a custom software development company to create a business plan, build the program, market and launch it for high-end user experience and payback on your investment. Some ideas for trending SaaS include videoconferencing and corporate communication tools, AI-based design and content creation apps, lead generation and marketing automation tools.
2. Mobile game
Again, mobile game apps, whether you monetize for free or premium, are highly lucrative, yet require heavy development budget. To manage your technical product development costs, you can opt for hiring app developers nyc or Austin. These regions are growing tech hubs that offer competitive development rates for a software development company in Chicago, and project manager, too, stays easy when you hire locally.
While this is for the budget part, the game story plays a highly significant role in the success and revenues. You can choose to launch a mobile game in niches like role play, real time strategy, play to earn, arcade, horror, history and wars. Or, you can choose to integrate emerging technologies like blockchain, AR and VR, AI and ML and Internet of Things.
3. Healthcare app
Healthcare apps attempt to bridge the gap between the supply and demand of healthcare provision and services. You can choose to launch a healthcare app that either focuses on physical or mental wellbeing. You can launch a native app for either Android or iOS, or go for a cross-platform app and work with an android app development company to bring your vision to reality.
In the physical health domain, you can launch an app that reminds users of taking specific glass of water or diet, manages a disease or its symptoms, provides ways for telemedicine and online medical consultancy or diagnoses a disease through use of artificially intelligent medical imaging.
In the mental health domain, you can launch an app that tracks mood and symptoms of mental health diseases like PTSD, anxiety and depression. Adult coloring books, chatbot companions, mood trackers, sleep improving apps, meditation and mental exercise apps are all popular examples of healthcare. In fact, there are super successful case studies in the domain as well. Calm, Headspace, and Wysa are examples of mental health apps currently the most profitable in the domain.
4. Blockchain app
As the name suggests, a blockchain app uses one of the blockchain strings in its backend architecture. These apps can fall into different app niches and categories like fintech, crypto trading, investments, education, real estate smart contracts, NFT apps and games, play to earn games and decentralized exchanges.
Some popular examples doing really well financially in the market include Axie Infinity, Cryptokitties, Ether Legends, Aaave, Binance and Uniswap.
5. Fintech app
Fintech apps, or call them an amalgamation of financial apps and advanced technologies, automate the delivery of financial services like money transfers, online payments, tax verification and payment, budget management, loan records and executions, investment operations, forex functions and so on.
Because these apps deal with money, they have to be highly secure, provide exceptional user experience. As a result of this conceptual architecture, these apps require quality development effort, financial resources, and so, once succeed, become high revenue generating machines for their appreneurs. Wealthfront, PayPal, Stripe, Square, Robinhood, Acorns etc are popular examples of successful fintech apps.
Again, you can choose to launch these apps for either Android or iOS, but we highly recommend you provide a platform to users of different operating systems and devices and come up with a hybrid or cross platform app. you can choose to work with react native or flutter developers for such apps.
6. Smartwatch app
Smartwatches are getting more popular than ever. And with apps like Accu Weather and Google Keep, people are getting over their dependence on mobile phones to operate smartwatches. These apps require precise, minimal user interface and should provide an exceptional on-the-go user experience.
For smartwatches, you need to carefully niche down and then come up with an app idea that adds utility, usability and value to users. Now there are two options, you can launch a mobile app, then launch a smartwatch extension for it, or introduce an app dedicated to smartwatches.
Weather apps, note-taking and voice recording apps, dictionaries, heart rate monitors, reminder apps and car booking apps are great niches for smartwatches. Most smartwatch apps earn through premium subscriptions like Spotify. Other apps earn through ad and sponsored content viewed on mobile app extensions.
While ideas and app niches are important for the success of a tech-based venture, the next smart business move is to find a team that shares the same vision of creating a difference through a product. Look for a team that is ready to put in time and effort, hours and code to skyrocket your business. For long-term success, app user retention and high downloads, you also need right execution, timely launch, either soft launch or hard launch, right marketing and discipline from your and your team’s end.
Hamza Fazal is a reporter for The Hear UP. After graduating from the University of Abbottabad, Hamza got an internship at the NPR and worked as a reporter and producer. Hamza has also worked as a reporter for the Medium. Hamza covers health and science for The Hear UP.
Homestays in Coorg: 5 Reasons Why It Is Perfect For Family Getaways
The latest vacation trend has people living in local homes rather than hotels. There are many reasons for this. However, the primary reason remains that every tourist wants to enjoy the authentic local culture. What better way to do so other than staying in a villa in Coorg?
Local Experience Is Always Authentic
The reason why people travel is to experience new things. Wouldn’t you like to experience the local atmosphere if you visit a place? When you are on vacation and choose to live in a homestay, you find yourself amidst the most local and authentic experience.
Hotels can have many luxuries, but all those pale in comparison to the homely atmosphere of a homestay. You can truly enjoy the essence of a place when you stay with and mix with the locals. The locals can show you around and make your visit more memorable.
Your Home Away from Home
We all love enjoying our favourite activities from the comfort of our homes. Hotels do not offer the same level of comfort. However, when you stay at a private villa, you receive the convenience of being home.
You can enjoy the view from the balcony at the villa and even swim in the private pool villa in Coorg. You can also form connections with the other visitors and end you making new friends at this new place. Staying in a homestay allows you to enjoy the same basic amenities and a comfortable atmosphere back at home.
Homestays are perfect for you if you want to escape the hustle and bustle of your life. Homestays only allow a few people to stay at the accommodation. It means you can enjoy more time and not have to experience a crowd.
Also, since most homestays are residential, you can enjoy its benefits. For instance, a villa in Coorg has easy transport access, and you can easily spend time with your family and friends at the homestay.
Beneficial for The Local Economy
Mostly local families run homestays which are simple establishments. It helps to contribute to the local economy as you contribute to it. Also, with homestays comes privacy. In commercial hotels, you will not have any privacy if you want to use the pool or bathhouse. But, at your homestay, you can enjoy your time in the private pool villa in Coorg.
Enjoy Good Company
Another great thing about homestays is the troop of people you can meet. You can make new friends. The owners of the place and even the local people are very welcoming and accommodating. You can have meaningful conversations and even form a great bond with them.Book a homestay to enjoy your vacation and explore the local culture, food, pace and people. Make the most of your vacation with homestays as they are inexpensive compared to private hotels, and you can make unforgettable memories.
Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]