Technology is changing rapidly and making life comfortable. Thirty years ago, no one even thought of transferring money from home, and now the generation of the 21st century does everything by sitting on a chair.

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Technology has given birth to many business opportunities, and one such opportunity is fibre optic. Fiber optic simply means a wire made up of glass which helps in the speedy transmission of information. 

In this article, we will discuss some of the best fiber optic business opportunities. So a lot to know, a lot to discuss, but before we begin, comment down if you like this article.

Business opportunities of fibre optic

The fiber optic industry has grown rapidly over the past few years, which gives birth to new business opportunities, which are:

#1 Start your Internet providing business ( Packet Routing Network)

More than 95% of fibre optic cables are used in the transmission of the internet. Fibre optic cable can transmit an impressive internet speed of up to 1Gbps. You can start your own internet company and provide good internet speed to the customers with the help of optical fibre.

#2 Become an optic fibre cable manufacturer

Since the demand for fiber optic components is increasing rapidly, there is a high probability that optical fibre prices will increase in the global markets.

So you can take advantage of its huge demand by becoming a fibre optic cable manufacturer and make a lot of money from it.

#3 Provide web hosting services from fibre optic

The consumption of the internet is going to increase rapidly over the next few years. Increasing demand simply means more websites, and every website needs a hosting service for hosting it.

Since optic cable helps in the fast transmission of the internet, you can start your own web hosting company with the help of SSD’s, Ram, optic cable and some other equipment, and provide affordable hosting to your customers.

#4 Build your own server

The server is different from web hosting. Web hosting is especially for websites, whereas servers can be used for any task. You might know that the new Microsoft Windows 365 Cloud service is also a server from which a person can easily access the best hardware through the cloud on any device.

You can also create your own server and can host games or provide cloud-based services to your customers.

Investment required to start an Optical fiber business

Although the investment required depends on the area in which you live, but according to my estimate in the United States, you need at least $1,500 to start an internet providing business, $25,000 to start an optic fibre manufacturing business on a small scale, $40,000 to provide web hosting services and $70,000 to build your own server.

The amount becomes Rs 67,000 , Rs 12,00,000 , Rs 20,00,000 and Rs 34,000,00 in India after adjusting the inflation. So arrange the funds accordingly.

How to arrange funds for fibre optic business

Using personal savings or using several government schemes could be the best option to arrange funds for a small scale business.

On a large scale, it is impossible to arrange so many funds with the help of government schemes, so taking a loan or funds from investment could be the best option.

Profitability of optic fibre business

Obviously, the future is of the internet, and the demand for fast internet will rise sharply over the next few years. This will raise the demand for optic fibre and give rise to new business opportunities, increasing its profitability.

Summary

Now is the time to summarise the text. The demand for fibre optics has increased rapidly, which gives rise to many business opportunities. A person can start his own internet services, start a fibre optic manufacturing business, start providing web hosting services, or build his own server.

A person needs the above-mentioned funds for starting respective businesses, which he can arrange from government schemes, investor’s funds and bank loans.

Conclusion

We can easily conclude that the fibre optic business is very profitable and has a huge future scope. So if a person increases his willpower and works just 57% of Elon Musk, then he can also become a billionaire.

So keep hustling for your dreams, and with this note, let us end this article, and as always, GOD BLESS YOU ALL.

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