The world is constantly evolving, and with it, everything is in it. Climate, demographic, and perception changes, including economic problems, have forced us to seek ways to adapt. These are the reasons business ideas that never existed 25 years ago are emerging in recent times.
The implementation of these ideas has made life easier for us by creating jobs and reducing the effort needed to carry out tasks. In this article, we’ll discuss ten business ideas that never existed 25 years ago and how you can earn a living with them.
10 Business Ideas That Never Existed 25 Years Ago
1. Cryptocurrency
Cryptocurrency, or “crypto,” came into existence with the introduction of bitcoin in 2009 by an anonymous programmer or group of programmers, Satoshi Nakamoto. The need for a decentralized, secure medium of exchange led to the creation of crypto. It aims to address the issues with conventional payments by being a fully digital currency that is secured by cryptography and impossible to counterfeit.
The introduction of bitcoin and similar cryptocurrencies like Ethereum, Binance Coin, and Solana has attracted millions of crypto investors and traders. This is a full-time business like forex and stock trading, where people make normal investment analyses before committing their money. Apart from investing in or trading currencies, people are also developing crypto exchanges, which are platforms where cryptocurrencies are hosted and traded.
According to Statista, there are currently over 10,000 cryptocurrencies in circulation. The rapid growth of cryptocurrencies has introduced several business opportunities you can adopt.
2. Social Media Management
Social media management is another new business concept that has emerged in the last twenty-five years. The first social media website, SixDegrees, was launched in 1997 by Andrew Weinreich.
Social media management involves the management of accounts on any social media platform. This is a skill that most politicians, businesses, and popular individuals who have no time to handle their online accounts pay handsomely for.
To do this business, you need a smartphone, an internet connection, and the communication skills to manage people’s accounts effectively.
3. Digital Marketing
There are many digital marketers in the world right now, unlike twenty to twenty-five years ago when it was just introduced.
Digital marketing is the use of the internet and digital tools to promote a product, brand, or idea. It incorporates online advertising, email marketing, content marketing, search engine optimization, etc.
These days, you can create a digital marketing agency and help businesses and individuals increase visibility, build a solid brand image, and promote a cause.
4. Blogging
The first blog, Links.net, was created in the early 1990s by Justin Hall, a Swarthmore College student. It went by several names, including a personal home page, web diary, weblog, and now blog.
Blogging is a modern business idea that allows people to share their ideas, knowledge, and experience with the world. There are many things you can do with a blog. You can use a blog to tell your personal stories, build an online presence for your business, teach people, or even champion a cause.
This is one of the best business ideas in modern times as it allows you to work from anywhere, whether from home, in transit, or in another part of the world. You can monetize your blog in so many ways: sell affiliate products, advertising spaces, or your own products, etc.
5. Vlogging
Vlogging is the act of posting videos on a blog to document a process, teach something, or share information. Consider it blogging in video format. It wasn’t until Adam Kontras posted a short video of his journey to Los Angeles that the idea of vlogging came into existence. Five years later, Steve Chen, Chad Hurley, and Jawed Karim invented YouTube, the biggest vlogging platform in the world now.
Like blogging, vlogging allows you to share your story, build brand presence, and teach people, among many other things. You can monetize your vlog by running affiliate marketing campaigns, selling your own products, or selling advertising space. This is a business opportunity that never existed twenty-five years ago, and now you can live comfortably as a vlogger.
6. Virtual Interior Design
With the use of augmented reality (AR), people no longer need to buy home decor products that won’t serve the intended purpose. Even though AR has been in existence since 1968, it was only recently that its application to interior design became apparent.
AR allows you to show your customers how a set of home decor equipment will look in their homes. This eliminates the stress and product risk that comes with moving items to the place where they’re needed in order to ascertain if they would fit.
7. Online Coaching
Twenty-five years ago, the platform wasn’t there to allow you to conduct a virtual, real-time coaching session. In fact, according to OnlineU, the adoption of online teaching became popular among colleges in 2012, when about 32% of undergraduate students in the US enrolled in at least one online course.
With platforms like Zoom, Google Meet, Microsoft Teams, etc., you can run an online coaching business. You can also record and sell your online coaching sessions as courses to people who can’t afford the live sessions. For more earning opportunities, you can also sell your products during the live coaching sessions.
Online coaching is a means to sell your ideas and build authority in a particular field or business. You can teach anything, from life skills to academic or religious subjects, and people will be happy to pay.
8. Mobile App Development
The development of web and mobile applications became a thing in the 1990s, with the first web page going live in 1991 and the first mobile app (the Nokia 6110 Snake arcade game) launching in 1997.
Lots of business ideas have emerged since the first website went public. You can go into the mobile app development industry by building applications that solve real-life problems.
And you don’t need to know how to code to do this. With the right idea and a team of passionate developers, you can build any application of your choice. This wasn’t possible twenty-five years ago.
9. Virtual Assistance
The availability of digital tools like Google Sheets, Google Docs, Zoom, etc. has made it possible to create a virtual assistant business. From anywhere in the world, you can schedule meetings, create and respond to emails and calls, organize a contact list, create presentations, and do other tasks for an organization.
Twenty-five years ago, most of these tools weren’t available, making it difficult to carry out such tasks. With many businesses looking to establish a strong online presence, virtual assistance is one of the best ways to provide them with the needed services. You can work full time or make it one of your side income hustles.
10. Search Engine Optimization
Today, one of the most sought-after online services worldwide is search engine optimization (SEO). The competition among brands to be discovered on the first page of search engine result pages (SERPs) is fierce. Most companies are willing to hire anyone who’s skilled enough in SEO to help them build a strong online presence.
SEO officially started in 1997 and has since become the most important marketing tool any company can have. With a quality skill in SEO, you can build your own business or help brands attain great competitive heights.
Conclusion on Business Ideas That Never Existed 25 Years Ago
One thing is common among all the business ideas listed in this article: the internet. The invention of the internet has brought about many great inventions, and more business ideas are also emerging from it.
Hopefully, you’ve gained knowledge about modern businesses that you can start and profit from.
