Five Most Booming and Trending Startup Ideas for Pakistani Entrepreneurs to Start in 2018
Startups in Pakistan are growing with the passage of time . With the increase in broadband users and with launch of 3G and 4G spectrum by Telecommunication Companies such as Telenor ,Zong , Ufone and 4G LTE by Warid , the urge for launching Startups has increased manifold as Entrepreneurship Degrees and Incubation services have been offered by Business institutes such as LUMS , IBA etc . Startups in Pakistan are growing at snail’s pace but their number is increasing day by day .
With venture capital backed Naseeb Networks ,the first Startup Backed by Venture Capital , Pakistani Entrepreneurs have started dreaming about the Reality of their Ideas is no far . With Plan9 by Punjab IT Board , Entrepreneurs from Punjab are availing the incubation services . Even , the startup are sent abroad for Summit .
There are Several Sectors in which you can field your startups but we are going to discuss the only five most booming and trending Startup Businesses to enter which are really booming in Pakistan . Though ,Pakistani Entrepreneurs are currently facing the incubation dearth or venture capital , yet several budding Entrepreneurs are starting up as Solo flight . The Following Startup Business fields are booming in Pakistan and have the highest rate of Return in terms of Investment .
1.Telecommunication & IT : Telecom has been the highest ranked Business to enter as Startup . With booming Telecom Business and over millions of Mobile phone users , Startups such as Telecom & mobile phone related Products such as SIMS , verification systems , 3G based Services , Mobile Content and Contact center related Products or Call Center Business are highly profitable for the Entrepreneurs to start in 2018 . Even banks can avail the services of IT& Telecom basted Startups and State art Call Center Outsourcing .
2. Mobile APP Development :With 3G users crossing 2 Million in Pakistan , the Mobile Operating Systems such as Blackberry , Windows , Android and IOS by Apple have flocked the Mobile phone Market and Pakistan has been the largest Market for Mobile Phone giants Nokia , Samsung ,HTC & Blackberry .The Andoid , IOS and Windows have thousands of APPs for various purposes . If you are Mobile Developer ,you can develop apps either paid or Free with ad Support to earn massive revenue from your apps . Android is Favourite Mobile OS followed by IOS by Apple , Blackberry and Desktop king Windows now powering Mobiles through tiny version of Windows Mobile .
3.Internet Business :You can run a internet Business such as Web Hosting and Domain Registration service if your Tech Expert . Web Hosting and Domain registration services such as BlueHost.vom, Name.com , Godaddy.com , Domain.com, Register.com, Dynadot.com globally where as Nexus.pk , HosterPk.com and UACommunication.com, pakhost.com locally in Pakistan offering Domain registration and web Hosting packages . You can Start offering web Hosting and Domain by becoming a reseller on cheaper rates and upgrading the Site with Private name servers at your domain so that people buying services may not assume that you are reselling the services .
4.Web Design and Development: With growing number of Internet user and 3G ,4G and 5G services ,the demand for Web Design and Development companies is growing rapidly . There are several web Design and Development companies but they are over crowded with orders to the extent that they take 1 to 3 months in development as well as Alpha & Beta Launch . Instead , you can offer quicker Development services and attract more customers . You only need three to Four Designers and Developers to open money streams for you and soon you would counted in established Businesses . You can offer we design and Development services to Web Hosting and Domain registration site , this will further your earning potential .
5.Online Store : Online Shopping is the growing in Pakistan by leaps and bounds with sites like Daraz.pk , Tcsconnect.com, libertybooks.com and shophive.com has already rocked the web with bursting profits and the online shopping trends are growing as 3G and 4G services along with broadband gaining popularity and their subscribers base is growing day by day . You can launch a store of range of Products .For instance, you can Sell books , mobile phones , cars , Electronics , mobile accessories ,Books , Perfumes , toys , garments (ladies and gents) ,Magazine Subscriptions, kitchen ware and Sports Goods .
These products are in strong demand . All you to do is to sign a contact with the suppliers ,Dealers , purchase the products on whole sale rates and resell with profit rates lower than retailers . You will need to have online bank accounts with net banking enabled for receiving payments , processing orders after confirmation and shipping the same to the Customer addresses . You can sign contracts with Courier and Shipping companies for Delivery and Return in cases of Customer complaints for breakage , fault or dislike .