Apart from traditional services, telecommunication industry provides services in the wireless communications, the Internet, fiber optics, and satellites. No other industry touches as many technology-related business sectors as telecommunications. The number of “connected things” continues to grow. The mobile and “smart” device utilization and connectivity continue to expand. The smartphone market will continue to be robust with continued flexibility for regular device upgrades. The market for Inter of Things will grow rapidly.
The industry definitely for major players who can invest a large amount of capital. However, there are still opportunities for small business in the industry. Here in this post, I put 10 profitable and legitimate business ideas in the telecommunication industry.
Top 10 Business Ideas In The Telecommunication Industry
Telecommunication is one of the most happening industry. If you are an industry person, having knowledge and experience about the telecommunication industry, you can start a blog. This is a fastest growing industry with a lot of innovation. A blog focused on telecommunication industry must be popular. Apart from advertisement revenue, you can earn from affiliate income. Read More…
#2. Cable TV Network Providing
Cable TV systems, such as offering local telephone service and high-speed Internet access is a very profitable business. Many of the small channels depend on this type of networks. You can monthly rent from the cable network consumers. Internet connection from cable operators is also a very popular concept. Because it costs less compared to other internet service providers. You can also earn from this. Cable Tb network is also considered as the best digital media for local advertisement. You will also earn handsome advertising revenue from your cable TV network service.
#3. Cyber Cafe/Internet Cafe
Cyber cafe or internet cafe is the most profitable retail business in the telecommunication industry. The concept is simply providing internet services on the desktop with allied services. Such as printing service, Xerox etc. This is very popular among the students, teenage and also professionals. Selecting right location is important. You must provide a healthy ambiance inside. Most of the cafe charge hourly basis. Read More…
#4. Recruitment Agency For Call Center
The call center is a booming business in developing countries. A call center is a centralized facility providing hub that handles a large number of telephone requests for an organization. There are different types of the call center. Such as inbound call center, outbound call center, customer service center. Different types of center demand different types of candidates having different criteria. You can start a recruitment agency business, especially for call center candidates. Read More…
#5. mPaymnts Service Providing
mPayments or eWallets is the trending and popular ideas for money transfer. According to a study of PWC, in emerging markets, the growth of the middle class and expanded consumer activity represent vast untapped pools for payments companies, particularly involving mobile money applications because cellular penetration in these regions tends to be high. If you have the right skill and expertise, you can start mPayment providing service for the mass population.
#6. Recharge Card Selling
Recharge card is an essential item for pre-paid phone or internet user. Though the commission percentage is very less, recharge card retailing is a profitable business. Because the transactions made in volumes. You can start this business as an allied product of any other telecom business also. You can start this business from a retail location. Even, you can also sell recharge card online from your own website.
#7. Selling Network Equipment & Devices
Some of the most popular network equipment and devices are routers, adapters & access points, wireless extenders, ethernet switches, cloud storage, modem, cables, firewalls, network adapters etc. This is a multi-billion dollar industry worldwide. You can start selling these products from a retail location. In addition, you can sell from online marketplaces from eBay and Amazon. Also, you can establish your own online store to sell network equipment and devices.
#8. Smartphone Selling & Repairing
This is one of the most profitable business in the telecommunication industry. The number of “connected things” continues to grow as mobile and “smart” device utilization and connectivity continues to expand—which will ultimately shape and define the IoT space. The second-hand smartphone market to continue to grow. In 2016 consumers globally are estimated to sell outright or trade-in 120 million used smartphones. Apart from new smartphone selling, you can buy old smartphones on a less price. After refurbishing, you can sell it for profit. Read More…
#9. Soundproof Phone Booth
Providing a small sound proof booth is an excellent business. It can be placed in nightclubs, restaurants, libraries, on airports, train stations, at concerts, and all other places where a bit of peace and quiet is often hard to get. People often look for this type of place to attend emergency phone calls in the crowded place. Design your small booth and talk to the authorities to place the booth. Apart from giving the convenience, you have to share your revenue with the host of the venue.
#10. SMS Marketing
Location-based services, such as mobile advertising, also represent significant potential for growth. The overall trend. Bulk SMS marketing is very effective in launching new products, offering discounts and brand building. You can start this business from home with small capital investment. It is a most profitable part-time business in the telecommunication industry.