Ever wonder how people successfully manage to scale their businesses twice or thrice overnight? They do it by leveraging emerging technologies and integrating them into their core business operations.
And it would be unfair to call it overnight success as it typically involves a lot of consideration, investing both time and money in learning about emerging technologies, and making the right decision at the right time!
This blog is a detailed guide for startups, small business owners, and even freelancers to quickly get onto the right path to sustainability and scalability. It will cover five emerging technologies and trends that you can invest in to scale your business successfully.
So without further ado, let’s get started!
5 Emerging Technology Trends to Invest in this Year
Here are the four most lucrative emerging technologies that can help boost your revenues and scale your business with sustainability.
1. Portfolio Website
Gone are the days when people used to copy-paste the links of their published work in their bid or attached the documents to their proposals on websites like Fiverr and Upwork.
In this digital age, even clients find downloading documents attached to the proposal overwhelming. As the competition is becoming increasingly ferocious with each passing day, it is crucial to stand out from the pack and grab the attention immediately. And the easiest way to appear as a credible source in the eyes of your customer is to attach nothing but a single link to your portfolio website.
Adding a portfolio website to your proposal is considered the most professional approach in freelancing. It helps orchestrate a stronger degree of trust with the clients and makes you appear more credible. And this works in any service industry you belong to!
Whether you are a content creator, graphic designer, or from any service-based industry, a portfolio website can skyrocket your numbers and help you stand out from the rest of your competition.
2. Shopify Ecommerce Store
Have you noticed the drastic change in customer footfall since the pandemic? People have become so obsessed with online shopping that they don’t even care to return back to normal even after the pandemic has become a thing of the past.
And believe me, this is good news if you are a retailer!
How? Well, there is literally no need to pay high rents and set up physical stores anymore. You can invest that money in building a professional Shopify ecommerce store and run some marketing ad campaigns to start selling online.
It is not like Amazon or eBay, where you don’t have control over tons of different aspects. It is simple yet very beneficial. Millions of retailers worldwide have set up their Shopify stores and are earning better than they did with shops and outlets. You can do that too!
The best part about selling online with Shopify is that you no longer have to pay expensive rent or hire store managers and other staff to work 8 – 12 hours in your store. You can automate things and earn money while you sleep peacefully.
Hire an app development company offering ecommerce application development services to get your Shopify ecommerce store up and running
3. Personal Blog
A personal blog can help you stay connected with your audience. It can be about anything from leadership to copywriting, fashion modeling, and even daily vlogging.
If you are an avid reader and love consuming thought-provoking content regularly, you must have heard about Seth’s blog. Seth is the New York Times bestselling author and a marketing genius who shares lots and lots of valuable strategies and frameworks to succeed in marketing. He often uses this platform to shout out to startups and small business owners while simultaneously promoting his course altMBA.
Starting a personal blog has a lot of benefits. First, you can stay connected with your audience and provide a dedicated platform for your community. Second, you can market your services or products to a highly saturated audience. Third, you can build a reputation as an industry expert and regularly overshadow your competitors by providing valuable content. Fourth, you can monetize your blog and start a side income stream. And the list goes on and on…
Bill Gates still posts videos on his YouTube channel regularly. Ever wondered why he does that? Just to stay connected with his audience and encourage them to do more philanthropy work on the local scale.
Start your personal blog, build your audience, stay connected to them, address their queries and concerns, and teach them how your products or services can help them scale. And eventually, you will scale with them too.
4. Business App
The last on our list is building a mobile app for your business. Although it involves substantial capital investment, the returns clearly eclipse the overall cost!
Take the example of Uber. Uber does not own a single taxi across the world. Still, they earn a share of every ride taken through their service. The same goes for Airbnb! They earn a commission on every booking made through their platform, despite having no properties of their own.
You, too, can make this happen. If you believe your business has the potential to become the next big thing by investing in the right technology and hiring the right team, go for it!
Invest in building a dedicated platform for your audience, and you will start seeing the results in no time. And you don’t necessarily have to gather all the money on your own. You can acquire investments by preparing a professional pitch and presenting your idea to venture capitalists and startup incubation centers to get the fundings you need for a small percentage of your business.
I hope this guide helps you level up your business and enable you to make well-informed decisions about investing in the right technology at the right time.
Whether you want to build a website for your business or revamp your existing web design to enhance your buyer’s journey, I’d highly recommend you partner with TekRevol. TekRevol is a New Jersey web design company offering full-scale web design and development services on the go!