• Home
  • Finance
    • Financial Management
    • Strategic Management
    • Investment Analysis and Portfolio Management
    • Project Management
    • Islamic Banking & Finance
    • Auditing
  • Marketing
    • Principle of Marketing
    • Marketing Management
    • International Marketing
    • Advertising & Promotion
    • Commercial Challenges
  • HRM
    • Human Resource Management
    • Principles of Management
    • Training & Development
    • Employee Performance Management
  • Others
    • Introduction to Business
    • Business Communication
    • Banking & Finance
    • Entrepreneurship
    • Economics
  • Personal Skills
  • Tips & Tricks
  • About Us
    • Contact US

Business Study Notes

B.Com, M.Com. BBA & MBA Exam Study Online

  • Home
  • Finance
    • Financial Management
    • Strategic Management
    • Investment Analysis and Portfolio Management
    • Project Management
    • Islamic Banking & Finance
    • Auditing
  • Marketing
    • Principle of Marketing
    • Marketing Management
    • International Marketing
    • Advertising & Promotion
    • Commercial Challenges
  • HRM
    • Human Resource Management
    • Principles of Management
    • Training & Development
    • Employee Performance Management
  • Others
    • Introduction to Business
    • Business Communication
    • Banking & Finance
    • Entrepreneurship
    • Economics
  • Personal Skills
  • Tips & Tricks
  • About Us
    • Contact US
Home » 7 – Innovative and Profitable Business Ideas

7 – Innovative and Profitable Business Ideas

By Richard Daniels Reading Time: 3 mins
Updated November 20, 2017

Profitable Business Ideas: – What is innovation? It means the use of knowledge to devise and create new products or services of a market. It is also to improve those that already exist in order to make it a profitable business. Today, one of the main goals of managers is to rethink their business model. Questioning is the first step, how does the company bring value to customers? Why pay for products or services?

The constant evolution of society has contributed to more companies starting to generate new innovative projects, the good thing about innovation is that the more needs exist, the more opportunities there are for everyone. Below is the list of 7 innovative profitable business ideas that must be in your mind as a business student.

Innovative and Profitable Business Ideas

  1. Medical Applications

Medical applications seek to solve the doubts and concerns of people more efficiently. The idea is to have a wide database of specialists with whom you can chat in real time. Of course this will never replace a real consultation, but from this means of evaluation, you can set an appointment in an office depending on the case.

  1. Bicycle business and rental of bicycles

Opening a bicycle shop is an option with a promising future. Every time people have more sustainable awareness of using the bike to go to work or move around the city. So take this opportunity. Another idea is to create an application where people put their bikes on rent. This guarantees the variety of models, brands and prices that fit the pocket and the needs of all. Each bicycle has an integrated GPS system and is rented by the hour. This application is intended for those who are passing through a certain city and need a bicycle to be transported.

  1. Sales application of desserts

There are days that we crave some dessert and the truth we are too busy to go out to buy it or the stores are far away. In view of this need, this great idea has been developed. The application brings together small and large bakers of a certain city where all types of desserts and prices are published. All you need is to choose the one of your preference, to pay with a bank transfer or a credit card and ready! In a short time they will take you to your house.

  1. Jewelry to get off the street

This is a business of a purely social nature. It consists of teaching poor women the art of gold-smithing and giving them the opportunity to sell them in a store under the name of a brand. A small percentage goes to the store and the rest is left to them. This allows them to live fairly and honestly.

  1. Restaurant for dogs

For those who have dogs, it can be a nightmare for them to go somewhere to eat something. Either you leave your pet outside or you starve. This need has forced the management of restaurants to present a more innovative business model, as they sometimes stop selling because the user goes in the company of a dog.

Currently, they have modified and created establishments where they offer dog food service and even establishments for dogs only.

  1. Disco for the elderly

Being older does not mean being a boring person. The truth is that you rarely think of the entertainment of these people. What would older adults not do to remember old times through music? Most always complain about not having a place to go to have fun and somehow feel displaced.

There are few discotheques that exist of this type, but they exist. They usually have ambiences and music from the 40’s, 50’s, 60’s, 70’s and 80’s. Employee wear special clothing of the time and special attention is paid to every detail.

  1. Clothing for pregnant women

Yes, clothing for pregnant women exists. But there are very few businesses that dedicate their services to this target. Usually, the clothes they design are a little aesthetic and instead of making pregnant feel better, it worsens their mood.

These women seek to look good despite pregnancy; this helps them to improve self-esteem and to better carry out this process. For this reason, many designers are beginning to create fashionable clothing dedicated to this target. It is definitely a profitable business, which also brings great happiness to pregnant women.

Author at Business Study Notes
Richard DanielsAuthor at Business Study Notes

Hello everyone! This is Richard Daniels, a full-time passionate researcher & blogger. He holds a Ph.D. degree in Economics. He loves to write about economics, e-commerce, and business-related topics for students to assist them in their studies. That's the sole purpose of Business Study Notes.
Love my efforts? Don't forget to share this blog.

Related Posts:

  • What is the Process of Motivation? Explain in detail
    What is the Process of Motivation? Explain in detail
  • Process of MBO (Management by Objectives) - Explained with…
    Process of MBO (Management by Objectives) - Explained with Examples
  • Communication Strategies Definition | Types of Communication…
    Communication Strategies Definition | Types of Communication Strategies
  • Risk Management: Definition, Types, Model, Process,…
    Risk Management: Definition, Types, Model, Process, Strategies, Practices
  • Talent Management: Definition, Strategies, Models, Process,…
    Talent Management: Definition, Strategies, Models, Process, Practices

Filed Under: Tips & Tricks

Related Posts

System-Views-of-Management-image

System Views of Management

System Views System views of management associates with the Management division of the organization and it assumes that all of the organizations are … [Read More...]

Leadership Theories

Situational Leadership Theories

Situational Leadership Theories Situational model of leadership is a factor that emphasizes the behavior of the leaders regarding different situations. … [Read More...]

Behavioral Leadership Model

Behavioral Leadership Model

Leadership  Leadership is the most critical and complex responsibility across any organization. It is because the leadership requires to be realistic, … [Read More...]

career development process in hrm

Career Development Process

Career Development Process Today's career development process has become a threat for students, especially a question that may stun many students who have … [Read More...]

Strategic leadership

Strategic Leadership Model

Strategic Leadership Model The strategic leadership model is basically the study of the leadership style. It describes the ways of modernizing an … [Read More...]

Types of Managerial Decision Making

Types of Managerial Decision Making

Managerial Decision Making Decision Making is an art of selection of one feasible alternative decision from many. Therefore types of managerial decision … [Read More...]

Quantitative-management-approach

Quantitative Management Approach

Quantitative Management Approach The quantitative management approach is used to enhance decision making power by using quantitative tools. As well as … [Read More...]

Effective-business-messages-image

Effective Business Messages

Effective Business Messages The process through which business messages are effectively prepared that have the potential to create desired results from … [Read More...]

Search the Site

ADVERTISEMENT

Business Study Notes

Business Study Notes is all about business studies or business education. Visit us to find here free business notes of all the subjects of B.com, M.com, BBA & MBA online.

Disclaimer

All the images and videos present on the Business Study Notes are not owned by us, if you found anything under copyrights, please Contact Us, we will remove it ASAP.

Categories

© Copyright 2023 Business Study Notes. All rights reserved. Privacy Policy, Sitemap.  
DMCA
PROTECTED