The top startup business idea for 2020 that can generate you(AT LEAST) $10,000 a month

Get the best GPS tracking experience

GPS tracking allows people or businesses to track their valuables. Consumers can track their family members, pets, and valuable goods like cars, bikes, computers and phones. Businesses are using it to track their vehicles, their valuable equipment, as well as their workers.

In fact, the GPS tracking business is based around anything that can be tracked. It includes not only the hardware side – GPS trackers – but also the software that is used to track and record, set up alerts for specific zones, watch the fuel consumption, and much more.

However, in order to run a GPS tracking business, you don’t need to make your own hardware. In fact, you don’t even need to make your own software either, meaning it’s pretty easy to get started.

So let’s look at the specific reasons why this is the industry that’s going to be taking off very soon.

Why this is the top startup business idea of 2020

There are quite a lot of reasons for entering this market, but we’ll just look at the 5 best reasons why you should choose the GPS tracking business for your startup.

1First mover advantage

There are quite a lot of reasons for entering this market, but we’ll just look at the 5 best reasons why you should choose the GPS tracking business for your startup.
First mover advantage

Here we’re talking about the advantage of starting a business in an industry that has huge potential profits, but still low competition. The GPS tracking business is ripe for the taking, with only a few serious contenders on the market today. With the right marketing strategy, you can grab a piece of the market and position yourself as a strong competitor in no time.

2Massive market

A 12% yearly growth rate for an industry worth nearly $3 billion is amazing, since it shows just how much the market is moving upwards. If you can get in on the ground floor, you’ll be able to move and grow along with the market. You can then niche down into whatever area you’d like: consumer, transportation, government/NGO, medical equipment – you name it.

GPS Tracking Market

In fact, you won’t even need to stick to just one niche. Once you’ve learned how to work effectively with the consumer GPS tracking sector for vehicles, you can then branch out to GPS tracking for commercial fleets. In fact, with the right strategy, you can be well on your way to building a multi-million dollar GPS tracking company.
Due to its flexibility and the potential size of the market, it’s no surprise that GPS tracking is the top startup business idea for 2020 and beyond.

3Low investment

You don’t need a huge investment to start a profitable GPS tracking business. There are lots of great GPS trackers available that you can simply resell. You don’t even need to buy them first – with drop shipping, you can simply order it on a case-by-case basis.

Beyond that, you can use GPS white label platform for a low monthly price to make sure your customers will be able to track all their products or people in an effective way. And don’t worry – this won’t look amateurish. GPSWOX’s white label software is professional, enterprise-quality software that you can put your own branding on, including colors, logo, and much more.

You can even have your own professional website set up in no time – meaning all you need to do is pick your GPS tracker products and find your new customers.

4Minimum HR

Most of your tasks will be done by software and machines, and you’ll need very few people who are able to handle those. In fact, you can pay a small monthly fee to get tech support for the necessary GPS software. Your ROI (return on investment) will be even greater, since you’ll be able to save on paying salaries.

We highly recommend you use VAs (Virtual Assistants) to help you when you need it on a part-time basis, so you can see if you need to hire someone full-time. This will also help you to use your time wisely, giving the more menial tasks to your VAs, while you work on expanding your business.

After all, you can get started in just 1 day from $99/month – get the GPSWOX white label software with your own branding, and you can start reselling your GPS trackers the same day.

Now that you’ve finally found the top startup business idea, there’s only one question left to ask – what are you waiting for?