You probably know much about drones, but still undecided on the business idea to venture into. Drones have taken the market by surprise due to their wide preference in different applications, and focusing on them is a noble thought.
As a drone and business enthusiast, establishing a business that deals with drones will be among the best profiting choice to make. This article explains about the business ideas to consider as you start a drone business.
Before then, it helps to recognize what you need to weigh on before you actualize your drone business.
Factors to Weigh on Before Actualizing Your Drone Business Ideas
There are diverse aspects that you should consider when starting a drone business. Here is a breakdown of a couple of elements.
- Get a certification from Unarmed Aerial Vehicle (UAV) training school. The Part 107 certification allows you to use and fly drones within your area
- Develop a drone business structure. This consists of different steps such as drone marketing analysis, service offering, competitive analysis, designing logo and developing a tagline
- Find customers for your business through SEO strategy, digital marketing, content marketing, display advertisement, among other means
- Establish your business operation with effective strategies such as building to scale, website hosting, hiring strategically, and use of project management system
- Take note of all legal responsibilities and insurance needed in this business.
Once you have made a note of all the above aspects, you can now proceed into establishing your business. Here are three main business ideas to consider.
Drone Leasing Business
If you are not into operating the drones, the best option is to start a drone leasing business. The venture requires substantial investments and adequate knowledge of drones. It is because there are a variety of drones that you have to deal with.
Your target customers will be individuals and companies that want to use drones but prefer hiring rather than buying. Here you will have a chance to work with individuals in day to day photography, private institutions, corporate, and government institutions.
You can also earn by working as an intermediary between drone companies or sellers and clients and earn a commission. You only need to establish yourself as a reliable business provider whose clients will trust.
There is extensive use of drones in various types of inspections. Drones are widely used due to their ability to access every place. Because the operation is remote based and you feel relaxed when operating them, you get the best angles to inspect any location.
Human beings will find it challenging to inspect some places due to the condition or the risk involved. Grabbing this niche is a noble and profiting move. Get yourself high-quality drones and invest in operation skills to offer your customers the best service.
In your startup, be wide-minded and focus on as many niches as you can. Specialize only when you feel you are an expert in that category. The major commercial inspection categories include infrastructure inspection, water bodies’ inspection, construction sites, power lines inspection, forestry, and archaeological inspection.
Photography and Videography
Photography and videography represent one of the easiest business you can start using a drone. Drones have taken these two activities to a higher notch. They have the ability to capture seamless aerial footage more than traditional methods could achieve.
Starting this kind of business does not require a lot of capital since opportunities vary depending on the type of services that one can manage to handle. Do you want to venture into events, real estate, corporates or any other niche? Then you need to focus on acquiring skills in those areas.
This offers an excellent opportunity to start small and grow big as time goes by. That’s why it will be fine if you start as a general operator and specialize later. Give you and your business time to grow.
There are multiple drone-related businesses to choose from. The above-stated ideas give you many options to explore in each category. Besides, they the most marketable, easiest to start, and the chance of growing are high. Be open-minded, learn and have the right strategies in place and your startup will flourish beyond your expectations.