Top 5 Startup Ideas Relevant in 2020

The startup environment has been blooming for years now and startups have become an integral part of our economy. Everybody has probably dreamed at some point of making millions with a successful startup. But look: getting a startup off the ground does not only serve your self-interests. In the post-pandemic world, a startup can also help out the community and people who’ve lost their jobs because of COVID-19. For example, we’ve seen young startups with online casinos and innovative medical apps creating much-needed workplaces during the crisis. Sounds great, doesn’t it? But where would you begin in creating your own startup venture? There are so many ideas out there it’s not easy to choose only one. To help you make the best choices, we’ve compiled this list of the best fresh startup ideas in the post-COVID-19 world. Ready?

1. Open an E-commerce Store

The cool thing about eCommerce is that you don’t need to start building a website to get started. It’s much easier. All you need to do is to purchase a ready-made store from Shopify. Then pick items from Aliexpress you’d like to sell, and start advertising them. Shopify allows you to customize the shop simply by “dragging and dropping.” And even if you don’t know much about marketing, it takes 5 minutes to learn the basics of Facebook ads. 

2. Startup Ideas Related to Home Decor

Home decor startups are hot in 2020. And here’s why: home decor business is on the rise with the value expected to reach $838.6 billion by 2027. 

There are numerous startup ideas for this business. Here are some of the most lucrative ones: 

  • Environment-friendly services. People love their design to be eco-friendly. It’s very trendy these days. 
  • Resales. When a family is purchasing new furniture, they can use a website that gets the old furniture in new hands.
  • Online Decorating. A site that helps people make design decisions can be very popular. 

3. Self-Sustainable Farming With Vertical Agriculture

More startup ideas from home: start a vertical agriculture business. It’s one of those startup ideas not yet implemented en masse. Build a startup around this new self-sustainable type of farming to get some greenery on urban residents’ tables. People can finance different crops and get them from you instead of going to the groceries. And no, you don’t need to plant the crops on a large field outside. Plenty of edible green plants can be grown in your own apartment. 

4. The Exciting Possibilities With Cryptocurrencies

Looking for startup ideas with app building? Here’s one: putting together a crypto wallet. It’s a software that links with various blockchains and enables users to make cryptocurrency transactions. The type of wallet to build depends on whether a client needs the wallet for many cryptocurrencies or only one of them. 

You can also try mining. Although it’s not anymore super-profitable, you can still make a nice side income with it. If you’re looking for startup ideas for students, then this might be it. You can start with only one miner and run it from your dorm. Just make sure to use some noise-reduction hardware to keep the volume at a minimum. 

5. Virtual Reality

Virtual reality is getting better every year. It’s an integral part of many tech companies and provides an increasingly realistic (and profitable) sensory experience. Which startup could use some VR magic of VR? Real estate for example. Someone looking to buy a home could take a first “look” around the house from hundreds of miles away.

Conclusion

Once you’ve found an idea that resonates with you, it’s time to get to work. To make an idea into a success takes many hours of work. But your road will be much easier if you believe in your chosen idea. Developing a startup with a strong purpose can lead to building a meaningful career for yourself. And isn’t that what you want?  

What are your favorite startup ideas for 2020? Let us know in the comments. We’d love to continue the discussion on startups. 

Author’s Bio: Chris Delgado is a Junior Copywriter with high ambitions and an undivided passion for finances. He is currently studying to get his degree, and his future prospects revolve around crypto trading and financial writing. In his spare time, he is a dedicated volunteer at a local homeless cafeteria.