With the rise of the digital economy, the world has no shortage of online business ideas and more people than ever are looking for investment opportunities to make an extra income or expand their existing offline business. 

For starting an online venture of your own, the biggest backbreaking work is not the planning, but it is choosing that ideal business concept that you will love, and at the same has potential and is viable. 

If you are an entrepreneur who has around 100000 AED as an investment these are few exciting online business opportunities, you can consider.

Trading in Niche Products – 

Trading in a niche market segment of a larger market that can be defined by its own unique needs, preferences, or identity that makes it different from the market at large. For example, within the market for women’s shoes are many different specialized segments. Vegan shoes for women would be a niche market, as would shoes for plus-sized women or shoes for nurses. These are all niche markets within the larger market for women’s shoes.

The benefit of trading in niche products and market is that it can be further refined or divided by the needs and preferences of its constituents. It can be either high value products or low value products. You can deal in a single product category or cover multiple categories. Investing in niche products can be done by new and established ecommerce entrepreneurs. Firstly, you need to establish an overview of the larger market and narrow it down from there. Choosing a niche market gives your online business a competitive edge from the beginning. This then becomes your key differentiator. 

Specific skill set Marketplace – 

Due to COVID 19 many schools and colleges have opted online training sessions due to social distancing and minimal physical movement. All parents understand that beyond quality education, their children need to equip themselves with additional skills. Private tuitions for personality development, public speaking, teen engagement classes, creative writing etc. has a good potential in UAE. 

By starting an online marketplace to advertise private tutors, categorized by subjects & different segments – together with their detailed profiles, ratings, and reviews. Students can choose the right tutor at the convenience of their home.  Revenues can be earned from subscription packages, ads, and featured tutors.

Digital & Social Media Marketing – 

Digital presence and Social Media marketing are a growing industry, especially more due to COVID 19. With social distancing and restricted movement, more consumers are now shopping online.  Although there is competition, as a digital marketing expert you should have the following competencies – 

• An understanding of the client’s business and target audience. 
• Creative ability to increase engagement and drive sales. 
• An operational understanding of how to make effective posts across the major social networks (Facebook, Instagram, Pinterest, LinkedIn, Twitter, and YouTube). 

Some social media consultants specialize in one or more of these social networks. Build your portfolio and make it impressive; one that helps clients meet their objective which could be to drive traffic or increase number of followers. If you become active in your local business community, for example by attending Chamber of Commerce meetings or local small business meetups, you can find businesses in need of social media experts. You should be able to offer campaign strategy for different clients, data analysis, reporting, and assist them with continued business expansion and sales. 

Online Delivery – 

In a country like UAE, it comes as no surprise when statistics shows that 3 out of every 4 people order takeout or have food delivered, at least once a week. Evidently the profits from a food ordering and delivery platform here will only be incremental.

There is ample amount of investment opportunities in online specialized delivery services. A business in delivering niche products such as perishable food items or products which requires a specialized trucks or vans could go a long way. An entrepreneur can list the restaurants or outlets and gain a commission for successful orders, subscriptions, featured listings of restaurants, ads, and affiliates on their page.

Investment in Specialized Field –

UAE also has tremendous potential in segments like Fintech, App Development, Augmented Reality, Virtual Reality and Data Analytics. But these fields require higher investment and professionals with technical expertise. 

UAE has established itself as a top international hub for Fintech startups, hosting a third of fintech in the region. COVID 19 has led to an increase in the pace of this transformation. 

The potential uses of VR and AR for business or pleasure are practically limitless, and can be applied towards various business industries, including social media marketing, entertainment, real estate, gaming, health & fitness, art, fashion & lifestyle, education & training, and manufacturing & supply chain. 

Should you have a business idea and need to understand the potential or viability of that business,

you can drop a mail to – [email protected]. 

Centurion Consulting LLC., a leading business consulting firm based in Dubai since the past 9 years. We offer services like market entry strategy, regulatory compliance advice, market research, feasibility studies, business plan and more services.