Looking for telecom business ideas? Here in this post, we list the most profitable and legitimate telecom-related business opportunities in the telecommunication industry for beginners.
Apart from traditional services, the telecommunication industry provides services in 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.
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 the Internet of Things will grow rapidly.
The industry is definitely for major players who can invest a large amount of capital. However, there are still opportunities for small businesses in the industry.
List of 10 Telecom Business Ideas
#1. Cable TV Networks Provider
Cable TV systems, such as local telephone service and high-speed Internet access are very profitable businesses. Many of the small channels depend on this type of network. You can monthly rent from cable network consumers. An 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. The cable TV network is also considered as the best digital media for local advertisements. You will also earn handsome advertising revenue from your cable TV network service.
#2. Telecom Infrastructure Development
Establish a business focused on building and maintaining telecom infrastructure, including cell towers, fiber optic networks, and 5G infrastructure. Some of the important aspects of this business are site acquisition, network design, installation, and ongoing maintenance services. Telecom service providers and network operators.
#3. Telecom Consulting Services
Offer consultancy services to businesses seeking to optimize their telecom strategies, reduce costs, and enhance efficiency. The key features of the telecom consulting business are telecom expense management, network optimization, and technology adoption consulting.
#4. Telecom Software Development
Develop customized software solutions for telecom operators, including billing systems, customer relationship management (CRM) software, and network monitoring tools. You need to create tailored software development, integration services, and ongoing support.
#5. Cyber Cafe/Internet Cafe
Cybercafe 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 students, teenagers, and also professionals. Selecting the right location is important. You must provide a healthy ambiance inside. Most of the cafe charges on an hourly basis. Read More…
#6. Recruitment Agency For Call Center
The call center is a booming business in developing countries. A call center is a centralized facility providing a hub that handles a large number of telephone requests for an organization. There are different types of call centers. Such as inbound call centers, outbound call centers, and customer service centers.
Different types of centers demand different types of candidates having different criteria. You can start a recruitment agency business, especially for call center candidates. Read More…
Telecommunication is one of the most happening industries. If you are an industry person, having knowledge and experience in the telecommunication industry, you can start a blog. This is the fastest-growing industry with a lot of innovation. A blog focused on the telecommunication industry must be popular. Apart from advertisement revenue, you can earn affiliate income. Read More…
#8. Mobile Payment Service
Mobile Payments or eWallets are 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 skills and expertise, you can start a payment-providing service for the mass population.
#9. Recharge Card Selling
A recharge card is an essential item for pre-paid phones or internet users. Though the commission percentage is very low, recharge card retailing is a profitable business. Because of the transactions made in volumes. You can start this business as an allied product of any other telecom business.
You can start this business from a retail location. Even, you can also sell recharge cards online from your own website.
#10. Selling Network Equipment & Devices
Some of the most popular network equipment and devices are routers, adapters & access points, wireless extenders, ethernet switches, cloud storage, modems, 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 online store to sell network equipment and devices.
#11. Smartphone Selling & Repairing
This is one of the most profitable businesses in the telecommunication industry. The number of “connected things” continues to grow as mobile and “smart” device utilization and connectivity continue to expand—which will ultimately shape and define the IoT space.
The second-hand smartphone market continues 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 at a lower price. After refurbishing, you can sell it for profit. Read More…
#12. Soundproof Phone Booth
Providing a small sound-proof booth is an excellent business. It can be placed in nightclubs, restaurants, libraries, airports, train stations, concerts, and all other places where a bit of peace is often hard to get.
People often look for this type of place to attend emergency phone calls in a crowded place. Design your small booth and talk to the authorities to place the booth. Apart from giving convenience, you have to share your revenue with the host of the venue.
#13. 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 a small capital investment. It is the most profitable part-time business in the telecommunication industry.
#14. Telecom Training and Certification
Individuals seeking telecom-related skills and professionals aiming to enhance their expertise look for telecom-related training. Establish a training institute that provides courses and certifications for telecom professionals, covering areas such as network design, maintenance, and emerging technologies. You need to develop curriculum development, training sessions, and industry-recognized certifications.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.