30 Best Business Ideas for the USA – 2020 and Beyond
The business landscape in the United States is always changing. New technologies, trends, and policies all contribute to the changing business landscape. Since so many changes have been made in the recent years, I thought it was time for some new business ideas for the USA to be presented. Below are 30 business ideas based off of recent industry research and designed for 2020 and beyond.
1. E-Commerce distribution center for small business
E-commerce in the USA grew to over $450 billion in 2017, a 16% increase from 2016. However, with these enticing statistic, the huge presence of Amazon.com creates tough competition for small businesses. This business idea would help fix that by creating a service where small businesses can have their products shipped to, for storage and distribution. Ultimately helping manage their online sales. This also takes out the complications of managing that operation for the small business owners. With the market set to grow further, this idea is one to watch.
2. Retail & Distribution Consulting
Many retail commercial spaces are becoming ghost towns as people continue to shift to purchasing stuff online. A unique trend that has already been established in China is using the retail outlet spaces for both customers and distribution. They shrink the front space to make room for a space in the back for distribution. To execute on this idea, one could approach mid-sized companies with retail storefronts that do not get much foot traffic, and consult them on how to better utilize their space. This will be a growing need for businesses as the e-commerce trend continues.
3. International Trade Consulting Company
Since Trump’s presidency, there have been a lot of changes and more potential changes coming with international trade. This company would help other companies keep up and manage these changes in regulations, tariffs, and other uncertainties. As other countries change their policies, there will be more demand for this idea.
4. Personal CyberSecurity Software Company
Cybersecurity threats continue to increase year over year, and the severity of the threats keeps increasing. For instance, look at the recent Equifax hack, millions were affected. Almost everyone has a smartphone with several social media accounts, online banking, personal photos, and other important information. Many people don’t have this protected. This idea would cater to the executives and rich who really need their personal information secure at all time. As online services grow, so does the potential for this company, as more cyber attacks happen.
5. Small Business CyberSecurity Software Company
Again, with the increases in cybersecurity threats, many small businesses are vulnerable to attacks and threats too. Many of them also cannot afford big name software systems or an IT department to get things under control. By developing a software that would protect all the basic areas of a small business, you could serve 98% of the business community in the United States.
6. Security Company (Drone powered)
With the use of drones, one can provide surveillance to large areas using thermal and HD cameras. It can also prevent the threat to human security employees from any harm from robbers or other threats. This is also an idea that can be started with little money (surprisingly). All you would need to do is buy a drone that is quiet, has thermal, noise, and HD capabilities. In total, it costing about $1,500 if you shop smart. Then you could go and get security contracts for large pieces of land.
7. Digital Assistant Integrations Company
Many large corporations provide assistants to the executives. However, the one downfall is that the executives can work a lot longer than their assistants do, leaving them without help sometimes. With the growth and rise of artificial intelligence (AI), personal digital assistants could be the perfect replacement. If you have interest or knowledge in developing personal assistants for executives to process calls, book meeting times, flights, arrange printings etc, then this idea would be perfect for you.
8. School of the Future
The rise of AI over the next decade is going to disrupt how people work in general. This will change the needs of the schooling institutions that prepare our youth for the future. The school of the future idea would be a private school, teaching people the skills they need to compete and operate with AI. For instance, soft skills are going to be in higher demand than ever before. If you have a passion for education, you should definitely think about this type of idea.
9. Corporate Immigration Consultant
Again, since Trump has taken over the White House, there has been a lot of changes to the immigration laws. To the contrary, there are a lot of businesses in America that rely on immigrants for top talent. For instance, there is a shortage of quality computer programmers in the USA so many of them need to be hired abroad. The changes in policy also complicate things where other businesses need help navigating this area. This idea would help fill that complication.
10. AI Implementation company
With over 35% of executives looking into the implementation and investment into AI, there is definitely need for an AI implementation business. For this idea, you would be using other AI software that other companies developed, in conjunction with reliable data gathered for the inputs to create useful systems that other companies could use. There will be a huge demand for this among fortune 500 companies for this service.
11. Affordable Elderly Care Facilities
The growing elderly population is apparent in the USA, and there is a huge need for affordable elderly care facilities. These facilities will also need to provide quality treatment, as there have been past problems with bad quality managed facilities. This business idea would be in high demand since there are many elders who rely solely on government subsidies or little pensions provided by companies that went bankrupt.
12. Opioid Addiction Facility
A cost-effective opioid addiction treatment facility would be a high-demand business due to the epidemic that the United States is facing. Both legal and illegal opioids are causing a lot of addiction problems. To fight this, one could open up a facility in the most vulnerable states. The best way to do this without sinking a lot of your own money would be to look for state grants that could provide funding. This is the perfect business idea for someone wanting to do good in the world, and fight the opioid epidemic.
13. Chatbot Developer
Chatbots are growing in demand year over year. Small and large businesses have huge uses for chatbots. They provide customer service, help with complaints or reviews, and even serve the site visitor content when appropriate. As a point of differentiation, you can niche down and target a specific group so you can fulfill their needs completely. For example, a chatbot for independent financial advisors could help potential clients navigate the site and get to know them further. This idea will take strong programming skills to develop and deploy.
14. MRI Scanning Service
Getting an MRI scan can take months in some cases. This is because there is such a backlog of people that need them. The MRI Scanning service business idea would be a company that would provide mobile MRI scans. By setting up a stabilized truck and trailer, you could drive to high-demand areas, and provide MRI scans to multiple people in the area that need it. This would avoid the cost and hassle of having a brick and mortar facility where people need to come to.
15. Virtual Doctor Company
The baby boomer generation is a large part of the United States population, and they account for a significant amount of the total healthcare spend. This means they are an important demographic to watch. The virtual doctor company would help this demographic by allowing them to see doctors are reduced rates and without the hassle of having to leave home. Since there is an increasing amount of baby boomers with mobility issues, staying home works well for them too. If you have computer programming skills, this could be a great business idea.
16. Custom Content Creation AI Service
Another artificial intelligence business idea. This one is designed as a tool for digital marketers to create custom infographics or blog content. To create a solid business from this, you would need to seek investment so you can build a team to help with this idea. Imagine a software tool that you could plug in your competitors, your own site, and the kind of content you wanted to create, and this tool would develop and post it for you. Although all content needs a slight human touch, this would be a game changer when it comes to content creation for marketers.
17. API Management Firm
APIs are ways that online companies can let others access important data from their platforms and integrate them into their companies. For example, Google has different APIs that you can access to pull data from, and put into other programs for business use. The use of APIs are on the rise, and they will only become more popular as the use of data increases. The API management business idea would help other mid-sized companies setup and manage their API so customers or partners can access important information from that company. If you have strong knowledge of IT, then this idea is a great fit.
18. “Lean Data” Collection Software and Storage Company
The world of data is starting to overwhelm the very companies that create it. The lean data software collection company would provide software systems that can mine the data created by these companies in an efficient and insightful matter. If you are a data scientist, or love data, then this business idea is for you. Fortune 500 companies would pay you a lot of money for software that could collect only the important information. It would save on server costs, data management, and other costs for the companies that implement it.
19. The No Cashier Store Conversion Company
Amazon was the first to open the gates to the stores with no checkouts and cashiers. However, they weren’t the first in the world to do this. China has been doing this for years, so don’t get scared of someone like Amazon coming into this space. Imagine if you could walk into any small business, walk out with the clothes you want, and not have to worry about paying as it could be charged to your bank automatically.
20. Smart Shopping Cart Developer
This is another business idea designed around eliminating the cashiers at the till. As the self-checkouts become more popular, and the demand for quick service grows, so will these business ideas for the USA. Also, many people hate waiting at the grocery store and the checkout lines are the bottleneck in the operation. By removing the checkouts with smart carts that know everything in them, one could simply just pay for their groceries through an app. A strong technology and coding background would compliment this idea nicely.
21. Hyper-Local Small Business Marketing Company
Hyper-local marketing is a rising trend that is only going to become more apparent. As more businesses pop-up as the years passes by, more and more markets become saturated. At this point, many businesses face the challenge of competing for market share. Hyper-local marketing can fill that need by creating very specific messaging and communications to local areas such as towns and cities, one by one. I can already sense this will be one of many successful business ideas.
22. Augmented Reality Analytics Software Company
This idea is designed to complement the growing Augmented Reality (AR) marketplace. It has been clear over the past few years that AR is going to overtake virtual reality (VR). This growing demand makes getting into the analytics business attractive. All new businesses need analytics to see what their users are doing, especially an AR company. The software in this idea would be able to track where the users look, how they interact, and other useful insights that developers need for future improvements.
23. All-in-One Small Business Platform
This all-in-one small business platform idea would help the business owners that get overwhelmed with everything, which can be fair. It can become tricky managing employees and different systems, etc. This software platform would solve those needs by providing a hub where they could see their business holistically. For example, they would be able to see the finances, operations, sales, marketing, HR, and other departments all through one program, and manage the needs of each one through the software. Although it is a bit out there and extremely complex, this business idea would solve problems and break down the barriers to entering entrepreneurship.
24. Remote Worker Integration Company
There is rising demand from the workforce to be able to work from home. Not everyone wants to get on a bus or in a car to get to the workplace, and some people are happy to work from home. In fact, people are demanding it. To execute on this idea, you would need to help small to medium-sized companies integrate security and other software to manage their remote employees. Things that would need to be setup would include a VPN, security software, other working software applications that the employee needs on a remote laptop, etc. If you have strong IT skills, this a business opportunity you won’t want to miss.
25. Wireless Car Fleet Management Company
Driverless cars are coming and they are going to change the way people live. The question is, are you going to be at the front of these changes or will you be watching them as it happens? With this company, you could be leading the way. Many companies in the USA rely on fleets of vehicles to get the work done for their customers. For example, a cable installation company may have a fleet of vans for their workers. With the autonomous cars, you could manage the fleets of cars including wireless vehicle inspections, regular maintenance, and roadside assistance due to the capabilities to monitor all this wirelessly. Secondly, the companies would save on insurance costs since the cars are controlled by robots and would be safer than humans driving.
26. Blockchain Supply Chain Development
Many companies tell their customers that they use certain ingredients or source their material from sustainable methods, however, as a consumer, there is no true way of proving this unless you look inside their books. For companies to strengthen their brands, they could use blockchain operated supply chains, and you could build them for these brands. For example, a butcher may want to prove to you on the receipt, that the meat he got was raised and sourced from a local town or nearby. Then you know exactly where your food is coming from and you can trust them completely as it is transparent. This is just one example of many. Have an interest in blockchain? This idea will be a game changer.
27. Real Estate Title Management Blockchain Software
Another blockchain business idea. This one has to do with the management of the real estate titles for properties. When you buy or sell a home, you or your realtor will give notice to the proper authorities of the land title change, so it is recorded. However, the current process for this is costly and inefficient with long wait times (several days). Luckily, with blockchain technology, one can solve this problem. As soon as a house is sold, the buyers and sellers would simply need to verify who they are with their unique key, and how the property transferred, and then it would be done. If you don’t start this idea, I guarantee it will be started soon.
28. Marijuana Testing and Compliance Company
The legalization of marijuana is a touchy subject for many, however, there is a lot of profit to be made with the deregulation. Several states have already taken action and have legalized it for recreational and medical uses. Canada is on the road to legalization, so it won’t be very many years from now (in my prediction) that the USA will follow. That is when things could explode. In the meantime, the testing and compliance side of the business is ripe for entry because the industry is so new. The idea would involve monitoring the quality of product sold to people to monitor for health issues. If you like cannabis, this is a business idea you should consider.
29. Aftermarket Electric Car Part Manufacturer
There is a growing market for electric cars. Tesla created a great initial wave of demand with their electric cars, and now other car manufacturers are quickly following. Similar to gas and diesel car and trucks, there are aftermarket parts that you can get to further customize your vehicle. With the rise of electric cars, this leaves a market partially open for you to enter and make money. To execute you would need a strong knowledge of cars, and what types of modifications or aftermarket parts electric car drivers want.
30. Online DNA Pattern Reading Company
Having your DNA pattern read to determine how your body will perform in the future is a weird thing to think about, but a not so distant reality. These days, it costs about $600 to map your DNA. This is a fraction of the cost years ago. This company would cater to those who want to find out if they will get genetic diseases as they grow old. It can also help prevent certain diseases by taking action before symptoms arise. If you have a strong interest in science and medicine, this idea is for you!