• Fitness Trackers with built-in sensors and heart rate monitor
• Smart Scales for tracking weight reduction including activities 
• Smart Gym Equipment’s
• App and devices for improving sleep
• Mirror with Augmented reality to become virtual exercise class 
• Connected device for monitoring & recording health parameters   

There are many upcoming products in fitness technology. You can either start trading fitness tech products or develop your unique product.

225 Small Business Ideas with Low Investment in 2024

#2 Robotics & Automation 

Robotics & Automation is the next big thing for the future. The readymade machine will be programmed to do the work of manpower. Robots will become part of our life. In many countries, robots are already being adopted for doing a fixed set of work. Alexa bot is one such example that learns and does some work as personal assistance.

Once robotics automation starts in full swing people may lose their jobs. But on the other hand, it will lead to a very good business opportunity for entrepreneurs. There are endless business opportunities. A few of them are –  

• Develop Robot in Cleaning, construction, entertainment
• Programming of robots as per requirements
• Robot Repair & maintenance 

#3 360 Degree Photo & Video  

360 Degree in Photography & Videography is an upcoming business. It is an unexplored area with a lot of potential. 360-degree photograph is a video taken by a special camera with multiple lenses or with multiple cameras. 360-degree photos and videos are very useful as they give a complete view of the place along with all object details. It has many applications in the business. You can use it for event planning, real estate, landscape designing, gaming, and entertainment. A few examples of business in this area would be –

• Selling of specialized camera and video equipment
• 360-degree photography and videography
• Repair and maintenance of cameras and equipment
• Digital image mixing and video making

#4 Micro Mobility 

Micro Mobility is a new word for many of us. Micro Mobility means the use of lightweight vehicles operating at a lower speed for commutation. As we are aware we are facing a lot of issues due to traffic. One of the solutions to growing traffic is Micro Mobility. In micro-mobility e-bikes, electrical scooters, skateboards, and electrical pedal bicycles are used. It is a future for urban transportation. The business opportunities associated with Micro Mobility are given below. 

• Micro Mobility Rental Business
• Micro Mobility vehicle development and sell
• App and platform development for sharing Micro-Mobility vehicle
• GPS based tracking of Micro Mobility vehicle

#5 Space Tourism  

Space Tourism is one of the best future business ideas. Space Tourism means human space travel for recreational purposes. In countries like USA space tourism has already started. Only limited tourists are allowed for this. This business requires a lot of technical expertise. The business opportunities in space tourism are –

• Manufacturing of Space Shuttles 
• Selling and manufacturing Fuel related to space equipment
• Risk assessment Insurance related work

#6 Electrical car 

Electrical Car is about to become a reality. It will open up new business options for many. It is expected that an electric car will become the default vehicle of the future. The main reasons are longevity and environmental sustainability. Once the electric car is launched we will have many new business opportunities. Examples are –

• Electrical Car Service Garage
• Charging station setup
• Spare Parts Manufacturing/sell 
• Battery Swap and scrapping

#7 Car Charging Station  

I believe that an electric car will be the default vehicle in the future. Once an Electrical Car is launched it requires car charging stations. A charging station is a place where an electric car battery can be charged. The lack of a charging station will create a problem. In the future, we will see a charging station and ev charging network instead of a petrol pump and gas station.

Starting a charging station business is a very good business option. You can establish a car charging station in the limited cities and expand gradually.

#8 Cyber Security 

Cyber Security is an evergreen field. Cyber Security is also known as information security. It is the practice of securing computers, servers, networks, and personal devices from hacking and malicious viruses. The malicious attacks are growing. You need an established process and security infrastructure is required to withstand growing attacks. A few new business ideas in the cybersecurity field are –

• Information security consultant
• Security Infrastructure deployment and maintenance 
• IT Security Solutions design and sell

#9 Home Automation IoT 

Home Automation is the future. All homes will be internet-connected and all home appliances will be operated remotely in the future. It requires the conversion of home appliances with IoT enablement. It also requires the integration & programming of all devices in a single place. The business ideas in the home automation area are –

• Converting traditional equipment in IoT enabled devices
• Selling complete home automation solution
• Repair maintenance of Home Automation IoT devices

#10 Home Solar Energy Setup 

Solar Energy is a clean energy source. Solar power generation technology is advancing and getting better. Solar energy is becoming a choice for everyone due to tax breaks and savings of money. Once the solar panel setup is done you need not worry about the electricity bill.

Under Home Solar Energy setup you need to sell and install solar panels in the individual’s home. Once the setup is completed you can take the AMC contract.

#11 Virtual Medical Appointment  

A virtual medical appointment is the next future business idea. People are not preferring to visit a doctor due to COVID-19. This gives birth to a new business option virtual medical appointments. You need to develop a reliable, interactive, and affordable online medical appointment and consultation system. It is one of the promising business ideas for the future.

#12 Cryobank and Stem Cell  

Cryobank and Stem Cell Bank is an evergreen and upcoming business. Cryobank & stem cells collect human tissue for future usage. It includes donor sperm, eggs, umbilical cord, etc. It is an expensive affair to start Cryobank and Stem cells. If you have competency and money you should start cryobank. It is a promising business option.

#13 Virtual Call Center 

Virtual Call Center is next on the list of future business ideas. The days are gone to establish a physical call center. A virtual call center is a call center where geographically dispersed teamwork is a single organization. It is a very good arrangement where costs can be saved. This business can be started from Home. However, you need to take care of time and resource management.

#14 Wearable  

A wearable is the next technology. People have started using a wearable. For many people, it has become a status symbol. Wearables have various applications and they can collect user health data including heart rate, calories burned, blood pressure, time spent exercising, etc. There are many other applications under development which include measuring blood alcohol content, monitoring sickness, health risk assessment, and forecasting mood changes and stress levels. A few upcoming business ideas in wearable are –

• Selling wearable 
• Developing a new wearable with a unique application 
• Repair of wearable