41 Profitable Data Science Business Ideas [2023]

41 Profitable Data Science Business Ideas [2023]

Data scientists are in high demand, and there are many different business ideas for them to consider.

Some of the most popular data science business ideas include:

  • Consulting - Data scientists can offer their expertise to companies to solve problems. They can help organizations make sense of their data and identify trends or anomalies.
  • Build a startup - Data scientists who have a startup idea can start their own data analytics company.
  • Product development - Data scientists may prefer to work for a larger organization where they have access to tons of data and resources.

Here's the full list of data business ideas:





1. Build an analytics tool

Analytics tools are software or apps that help people to make data-driven decisions. They do this by providing users with the ability to access, visualize, and analyze the data.

If you have strong technical skills, then this could be a profitable business idea for you.

QlikView is one of the best Self-Service Business Intelligence, Data Visualization, and Data Analytics tool. In 2022, QlikView generates $750M in revenue.

With the rise of big data, more companies are realizing the importance of data and are looking for ways to make use of it.

Building an analytics tool is a great business idea because it's a tool that can be used by businesses of all sizes. Small businesses can use it to make better decisions about their operations, while larger businesses can use it to track and improve their performance.

How Much Can You Make?
$450 — $4,308,333/month
Average Initial Investment
$51,450
Time To Revenue
300 days
Skills
Business model
Work from home

Case Study

Hello! I’m Marko Saric and I’m the co-founder of Plausible Analytics. Plausible Analytics is a simple, open-source, lightweight (< 1 KB) and privacy-friendly web analytics alternative to Google Analytics.

At the time of writing (September 1st), we are at $4,557 MRR and 743 paying subscribers. We’ve grown a lot over the last few months considering that we announced $415 MRR at the start of April this year (about a year after we launched our paid subscriptions).

how-our-privacy-friendly-web-analytics-tool-reached-4k-month-without-paid-ads

2. Start a data science recruitment service

Data science recruitment is a service that helps companies to find and hire the best data scientists. This service offers a variety of features, including a talent database, job postings, and a matching algorithm.

If you are interested in starting a data science recruitment service. In that case, you should have a strong understanding of the data science industry and be able to identify the best talent. You should also be familiar with the various tools and platforms that data scientists use.

Glassdoor says that in 2021, ‘data scientist’ was the second most sought-after role in the United States, with an average salary of $113,736. According to the data of Glassdoor, over the past five years, this has been a pretty consistent salary expectation for data science roles in the US.

Starting a data science recruitment service is a great way to help companies find the best data scientists for their needs. This is a growing industry with a lot of potential, and there is a lot of demand for data scientists.

How Much Can You Make?
$250,000/month
Average Initial Investment
$80,000
Skills

Case Study

My name is Matt Reaney and I am the CEO of the global data science recruitment company Big Cloud. My team is based in the heart of Manchester’s Northern Quarter in the UK. A cultural hub of creativity and innovation for the last century, we are right at home here!

For the first 6 months, Big Cloud was up and running, we limited the business to the confines of the UK. We have since expanded globally, which opened up doors for us. We met more talent, as well as other startups and established companies looking to hire. Big Cloud’s primary markets are now the UK, Europe, the US, Canada, and APAC.

how-we-started-a-250k-month-data-science-recruitment-service

3. Create a web development course

Web Development Course platform helps people learn how to build websites. This course offers a variety of features, including video lessons, quizzes, and a community forum. It covers topics such as HTML, CSS, JavaScript, and more.

Web development courses are in high demand, due to the ever-growing popularity of the internet. Many businesses are now looking for talented web developers to help them create and maintain their online presence.

The average salary of Web Developers in the USA is $89,975 per year or $46.14 per hour. Entry-level positions start at $67,104 per year while most experienced workers make up to $126,750 per year.

Some recent trends that are making web development courses more popular include the growth of online businesses, the need for better website design and development skills, and the rise of mobile commerce.

Starting a web development course is a great business idea. It's a great way to make a good income and it offers people the opportunity to learn the skills they need to be successful in this economy.

How Much Can You Make?
$500 — $6,000/month
Skills

Case Study

Hi! My name is Seth Kramer and I’m the founder of No Code MBA. I started the company about 6 months ago to teach people how to launch businesses and build apps using no-code tools.

Since starting, I have over 400 paid No Code MBA members, and am quickly growing that number each month.

the-6k-month-website-that-teaches-how-to-launch-businesses-and-build-apps-with-no-code-tools

4. Start a customer intelligence analytics business

Customer intelligence analytics is all about understanding your customers and using that data to improve your business. It is a process of analyzing customer data to generate insights that can be used to improve business decisions.

Starting Customer intelligence analytics is a great business idea for those who are good at analyzing data and have strong communication skills. If you can help businesses to understand their customers better, then you will be in high demand!

VERINT is a global leader in Actionable Intelligence solutions. Verint's customer intelligence analytics platform helps organizations make sense of customer interactions and turn them into valuable insights. In 2022, Verint Systems Inc generates $1.3B in revenue.

This business idea is growing in popularity because it's a process that can be used by all businesses. Small businesses can use it to make better decisions about their marketing and sales strategies, while larger businesses can use it to improve their customer retention rates.

How Much Can You Make?
$13,800 — $916,666/month
Skills

Case Study

My name is Thierry Genoyer. I’m the founder, CEO, and owner of United World Telecom LC whose main domains are UnitedWorldTelecom.com and GlobalCallForwarding.com.

We provide call forwarding services and virtual phone numbers for businesses. We help companies in the financial services industry, travel & hospitality, healthcare & pharmaceuticals, and e-commerce communicate with their customers around the world.

how-i-started-a-840k-month-virtual-phone-numbers-business

5. Start a dating website

A dating website is a great way to connect people who are looking for love. It is a platform that helps people to find and connect with potential romantic partners. This service offers a variety of features, including a profile creation tool, a search engine, and a messaging system.

If you are interested in starting a business that helps people find love, then starting a dating website could be a great option for you. This business is growing in popularity as more people are looking for ways to meet partners online.

Tinder has taken over the world! It is so popular that it brings in revenues of $1.4B per year.

Some recent trends that are making dating websites more popular include the growth of the online dating market, the rise of mobile dating apps, and the increasing acceptance of online dating.

How Much Can You Make?
$1,300 — $11,250,000/month
Average Initial Investment
$13,500
Time To Revenue
180 days
Skills
Business model

Case Study

Hello! I’m Ivan Fatovic, the founder and CEO of Modamily. Modamily connects people who are ready to start a family and educates them on all the different ways they can create one. We help match up men and women mostly aged 25-45, both straight and LGBTQ and connect them with likeminded people who are looking for either a romantic relationship leading to family, a platonic co-parent (usually a gay man and straight woman), a known sperm donor, or an egg donor/surrogate.

how-i-created-a-13k-month-website-to-help-people-start-a-family

6. Start a saas company

SaaS (Software as a Service) is software that allows users to access and use it over the internet. It is a subscription-based service that provides users with access to software that they can use for their business. It offers a variety of features, including a project management tool, an automation engine, and a workflow designer.

To start a SaaS company you should be familiar with the SaaS business model and have a good understanding of how to build and market a SaaS product. You should also have strong technical skills and be able to develop a high-quality software product.

Salesforce is one of the best SaaS companies in the world. Salesforce provides an integrated CRM platform that brings companies and customers together. The company is one of the most innovative cloud software solutions providers on the market, generating nearly all its annual recurring revenue from SaaS tools. According to Salesforce's latest financial reports, the company's current revenue (TTM) is $26.49 B.

Starting a SaaS company is a great way to enter the tech industry. This type of company is growing in popularity as more businesses are looking for ways to save money and reduce their IT costs. SaaS companies typically have high margins and offer a lot of flexibility for entrepreneurs.

How Much Can You Make?
$500 — $2,500,000/month
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

James Bates the CEO and Founder of AdviNOW Medical has been inventing cutting-edge technology for 20 years. AdviNOW Medical has become a leader in the health technology sector, pioneering a system that synergizes artificial intelligence and augmented reality to support existing healthcare infrastructure and services while enabling the future of low-touch no-touch medical visits. It’s a technology that seems obvious in hindsight, amending a serious problem with an elegant solution.

Healthcare automation has bigger benefits, including—but not limited to—labor savings, improved quality and consistency of care, reduced waste, lower physician burnout, and increased predictability of outcomes. In fact, practices that adopt AdviNOW see nearly a doubling of the patient throughput per provider. This obviously leads to lower wait times for patients and more profitability for the practice and enables future models within the value-based care vision.

how-we-started-our-100k-month-medical-artificial-intelligence-software-company

7. Build an iPhone app

The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.

The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.

The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.

It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.

How Much Can You Make?
$150 — $2,000,000/month
Average Initial Investment
$114,560
Time To Revenue
270 days
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I’m Ryan Scherf, the founder of payment.co (@payment), an app built on top of the Stripe payment gateway for creating card-present charges. Payment is available on iOS and Android, and allows customers who have created online stores to easily collect payments in person, in the same account, with no barriers or card readers required.

The app launched in January 2015, and since has grown to process over $70M in volume annually. The app collects a 1% service fee on every single charge.

how-i-created-a-60k-month-app-that-collects-in-person-payments-through-stripe

8. Start a CRM business

A Customer Relationship Management (CRM) software keeps track of prospects, clients and their contacts and also helps you monitor your sales pipeline as well as to create reports for business intelligence.

The CRM market is a $50B and growing industry.

How Much Can You Make?
$5,000 — $2,100,000/month
Average Initial Investment
$229,166
Skills

Case Study

My name is Lars Helgeson and I am the founder of GreenRope, a CRM and marketing automation platform. Our company started in 2000 as an email marketing SaaS and in 2008 decided to focus on the challenges that businesses face in managing sales, marketing, customer service, and operations.

GreenRope has over 1,000 customers in over 20 countries, ranging from startups to universities and municipalities.

on-starting-a-160k-month-crm-automations-company-after-a-us-air-force-career

9. Develop an online survey tool

Online survey tools are a great way for businesses to gather customer feedback. They offer a convenient and cost-effective way to collect data from large groups of people. This service offers a variety of features, including a survey builder, a data collection tool, and a reporting system.

If you are interested in starting a business that helps businesses to gather customer feedback, then starting an online survey tool could be a great option for you. This business is growing in popularity as more businesses are using online surveys to collect data.

Typeform is a popular online survey tool that allows you to ask customers questions and get their feedback on the product. This can be used for many different purposes such as improving services or developing new products. Typeform told TechCrunch on the occasion of today’s funding announcement that its annual recurring revenue surpassed $70 million in 2021 after tripling over the preceding three years.

Building an online survey tool is a good business idea because there is a lot of demand for data collection. Businesses need to know more about their customers in order to be able to make better decisions.

How Much Can You Make?
$16,000 — $1,600,000/month
Time To Revenue
270 days
Skills

Case Study

Hi there! My name is Vivek Bhaskaran the Founder of QuestionPro. The most robust survey software you are going to find on the market along with Customer Experience, Employee Experience, and a Research platform that will give your company every advantage. We focus on not only providing the tools for creation, distribution, and analysis of surveys, but also provide the platforms for polling, tablet-based mobile research, and data visualization.

how-i-started-a-1-6m-month-online-surveys-and-research-tools-software

10. Start a data analytics blog

The rise of data-driven decision-making, the growth of the internet, and the increasing popularity of blogs are all trends that are making this business more popular. Data analytics is becoming increasingly important for businesses as they look for ways to make better decisions. The internet has made it easier for people to share information, and blogs are a great way to reach a wide audience.

A data analytics blog is a great way to share your knowledge and insights on data analytics with the world. This type of blog can be used to educate people on the latest trends in data analytics, share tips and tricks, or build brand awareness.

Some personal qualities that are important for this kind of business include being knowledgeable about data analytics, being able to write well, and engaging with your audience. It's also important to be able to keep up with the latest trends in data analytics so that you can provide your readers with the most up-to-date information.

Towards Data Science is one of the most popular blogs that publish a range of data analytics concepts, ideas, and code. According to Growjo, Towards Data Science's estimated annual revenue is currently $90.3M per year.

Starting a data analytics blog can provide you with a steady income stream and help you build a reputation as an expert in the field. Data analytics blogs can also be a great way to connect with other data analysts and learn about new trends and developments in the field.

How Much Can You Make?
$450 — $4,500/month
Skills

Case Study

how-my-marketing-tool-reached-50k-in-revenue-within-5-months-of-launching

11. Start a data analysis service

A data analysis service is a great way to help businesses make sense of their data. This type of service can be used to provide insights into customer behavior, improve marketing campaigns, or simply help businesses make better decisions.

If you're interested in starting up a data analysis service, You will need knowledge in data analysis and the ability to communicate effectively with clients so they can benefit from what insights have been found by analyzing their information properly - this way it's not just about making money but also helping others!

iTechArt is a leading custom software development company that helps both startups and enterprises streamline their analytics process. They also generated revenue of $209 billion in 2019, while creating more than a million jobs over the past three years.

Starting a data analysis service is a perfect business idea for those with analytical skills and a desire to help businesses to make better use of their data. This business is in high demand and can be very profitable, with data analysts earning high salaries.

How Much Can You Make?
$1,000 — $2,500,000/month
Average Initial Investment
$572,891
Skills

Case Study

My name is Chelsea Rhoads and I am the CEO/Co-Founder of pup-eeze, the smartest device on four legs. pup-eeze is a wellness tracker for dogs that tracks activity, monitors location and automates our dog’s lives by connecting them with hundreds of smart home devices giving ourselves and our dogs the ability to monitor, maintain and change the environment of the home if we’re concerned about separation anxiety or well-being.

We’ve had great success speaking with and testing the wellness tracker among those who love their dogs and love technology. We thought, “we bring our dogs on every other journey with us, why not include them in the technology journey as well?” With the overwhelming support from the technology community we were able to strategically partner with an emerging leader in the IoT enterprise solution field; Fathym.

how-i-created-and-launched-a-fitbit-for-dogs

12. Build an online research software

As the business world grows more complex, the need for reliable and effective online research software becomes more important. Online research software can help businesses save time and money by providing access to a wealth of information.

This type of software is used for a variety of purposes, such as academic research, market research, or competitive intelligence.

For example, Trello is powerful online research software that can help you organize and keep track of your research projects. With Trello, you can create custom boards to track your progress on specific projects, set deadlines, and collaborate with other researchers. Trello's estimated annual revenue is currently $15.8M per year.

Online research software is a great tool for businesses looking to better understand their customer base. The data collected by this process can be rich and informative, as it includes insights that help you grow your business in ways other methods may not address as accurately or completely.

How Much Can You Make?
Average Initial Investment
$550,000
Skills

Case Study

Hi, I’m Prof. Jed Macosko, and I have the privilege of telling the story of how AcademicInfluence.com got started. I serve as president and academic director under the capable leadership of our CEO, Wayne Downs, and alongside an incredible team that includes Prof. Robert Marks, Drs. Winston Ewert, Brian Carlson, and James Barham, and Dave Tomar, Jenn Finley, and Dan Edelen. Our website helps parents and students find colleges that are a good fit. But more importantly, we strive to connect learners to leaders, which is why a large portion of our site is devoted to highlighting the works and lives of influential people.

We launched the current version of our website in August 2020, and as of the time of this writing in August 2021, our traffic, as measured by SEMrush, has grown to over 100,000 organic search visits per month. We monetize by generating leads for universities and college consultants and by licensing our proprietary ranking algorithm to other sites.

academicinfluence-com-pioneers-a-new-way-to-compare-colleges-and-scholars

13. Start a sports betting website

Sports betting has continued to become popular over the past years. Although sports betting is still not legal everywhere, the global betting market is huge and can be lucrative. If you love sports and looking for a profitable sporting-related business, you may consider starting a sports betting website.

However, before starting your sports betting website, make sure sports betting is legal in your state and that you have the required permits and licenses.

How Much Can You Make?
$30,000/month
Average Initial Investment
$30,000
Skills

Case Study

My name is Sean Green and I’m the co-founder of The Sports Gambling Podcast Network and co-host of The Sports Gambling Podcast. In 2011 I hosted the first episode of The Sports Gambling Podcast with my partner Ryan Kramer. At the time I didn’t realize I was starting a business, I just thought I was talking about betting on football with my buddy.

In the following ten years, we’ve grown it from two guys recording their conversation in a garage to a legit sports gambling media empire. We have over 15 shows under our brand, multi-million downloads per year and have reached $30K/month in revenue.

i-started-a-360k-year-podcast-about-sports-betting

14. Start an ecommerce platform

Over the past decade, eCommerce has become an indispensable part of the global retail framework. According to statistics, over 2 billion people prefer shopping online.

While brick-and-mortar stores are still making more sales compared to online sales, the adoption of eCommerce is still rising, mainly because of the increased speed and convenience of online shopping.

Therefore, starting an eCommerce platform could set you on the right path to building a futuristic business.

How Much Can You Make?
$100 — $83,333,333/month
Average Initial Investment
$438,707
Skills

Case Study

I am Jean-Loup Karst, the co-founder of Secret. Secret is the first platform of exclusive deals on services and software for startups. Entrepreneurs can sign up and save up to $50,000 on 70+ SaaS deals (Airtable, Pipedrive, Mailjet, etc.). It’s 100% free! It's a no-brainer.

When we launched our beta in April, our 100+ first users paid an annual subscription of $50 per year (roughly 1% conversion rate on our website). We generated $5K+ in revenue and decided to switch to a free model to grow user acquisition faster through network effects and monetize the database later through premium deals and affiliation with our partners.

on-creating-a-website-full-of-software-deals-for-startups

15. Start a data mining and analytics tools business

How Much Can You Make?
$450 — $80,000/month
Skills

Case Study

Hey, guys! This is Erman, an entrepreneur and a 12+ year veteran in digital marketing. Not long ago, in 2017, I co-founded a company named Solverhood that offers productized services for companies and entrepreneurs in Upwork. Up until now, we have already completed over 300 projects and passed $500K+ in revenue with a 100% proven success rate and only positive feedback.

At Solverhood, we’ve been receiving many data-analytics-related requests from Shopify stores. As a result, we decided to create our own Shopify Data Analytics app. We did not expect these numbers at all. Analyzify empowers over 350 Shopify stores and generates $12K+/month only after 7 months since the launch - and with the first version of the app.

our-analytics-app-for-shopify-reached-12k-mrr-in-just-7-months

16. Start a robotic process automation software business

How Much Can You Make?
$14,000 — $833,333/month
Skills

Case Study

My name is Pranay Jain, and I’m the CEO and co-founder of Enterprise Bot. Headquartered in Zurich, Enterprise Bot is an AI platform that utilizes machine learning to power conversational chatbots, email, and voice bots. Our flagship product is our bots, which can be tailored to fit our client’s needs.

Currently, we offer bots in English, German, French, Italian, Dutch, and Portuguese - with more to come. Our customers are wide-ranging, from e-commerce, HR, insurance, and financial services. I am extremely proud to have a team that has enabled us to grow 2x for the last 3 years consecutively and breach the coveted 2 million revenue mark with an ambition to double that again this year.

how-we-developed-a-2m-year-ai-chatbot-platform

17. Start a data management software company

How Much Can You Make?
$10,000 — $1,000,000/month
Skills

Case Study

My name is Chelsea Rhoads and I am the CEO/Co-Founder of pup-eeze, the smartest device on four legs. pup-eeze is a wellness tracker for dogs that tracks activity, monitors location and automates our dog’s lives by connecting them with hundreds of smart home devices giving ourselves and our dogs the ability to monitor, maintain and change the environment of the home if we’re concerned about separation anxiety or well-being.

We’ve had great success speaking with and testing the wellness tracker among those who love their dogs and love technology. We thought, “we bring our dogs on every other journey with us, why not include them in the technology journey as well?” With the overwhelming support from the technology community we were able to strategically partner with an emerging leader in the IoT enterprise solution field; Fathym.

how-i-created-and-launched-a-fitbit-for-dogs

18. Start a podcast

Do you have knowledge and passion that you'd love to share with other people? Or perhaps you are a content creator and looking for ways to expand your revenue streams? If you match any of these criteria, then becoming a podcast host could be the perfect opportunity for you.

Podcasts are the new radio. Podcasting is one of the fastest-growing mediums for online audio, and it's not expected to slow down any time soon. But unlike traditional radio, podcasts are driven by content creators who have a passion for sharing stories with their listeners.

One of the main benefits that come with starting a podcast is the minimal investment needed to get started. All you need is a computer or phone with a microphone and a way to host it online. You can even create one on your own website if you want.

How Much Can You Make?
$419 — $1,020,000/month
Average Initial Investment
$4,187
Time To Revenue
90 days
Time Commitment Per Week
Min. 2 hours/week
Skills
Interests
Business model

Case Study

Hey there! I’m Jeremy Enns, the founder and Storyteller In Chief at Counterweight Creative, a podcast production and strategy agency.

I started the company 3 years ago, in 2016 with one client, making $15/hour and have grown into a team of 10 contractors producing more than 30 shows per week with revenue of over $10K/mo.

how-i-started-a-successful-podcast-production-company

19. Start a data monetization business

How Much Can You Make?
$150,000/month
Skills

Case Study

Hello, my name is Arsen Sultanyan. I am the founder and CEO of Digital Caramel company. I have been in the digital business since 2006 when we just started with software production, and I was engaged in promoting and selling the product online.

At the moment, our company generates $150,000 monthly revenue, and this is not our endpoint. We are constantly working on improving the quality of services, expanding the geography of service delivery, and developing other technological solutions that will further increase the monetization of websites.

how-i-started-a-150k-month-website-monetization-company

20. Start a data mining consulting business

Data mining consultants extract information to uncover hidden patterns, market trends, customer preferences, and other critical business information. Data mining applications include:

  • Financial data analysis
  • Retail industry
  • Telecommunication industry
  • Biological data analysis
  • Intrusion detection

Are you looking for a well-paying business opportunity in the data science field? Consider becoming a data mining consultant.

How Much Can You Make?
$4,000 — $105,000/month
Average Initial Investment
$20,666
Skills

Case Study

Hi, my name is Edwin Lisowski and I am a co-founder and a CTO of Addepto.

Addepto founders: on the left - Edwin Lisowski (CTO), on the right - Artur Haponik (CEO)

we-built-a-1-26m-year-ai-consulting-business-over-30-employees

21. Start a music streaming app

Music streaming apps allow the consumption of audio content in different formats. The global music streaming market recently recorded a CAGR of 14.7%, and experts project it will reach $29.45 billion in the next few years.

The rising penetration of digital platforms and the growing use of smart devices are some factors boosting the market growth. Therefore, developing a music streaming app in 2023 can be a great chance to make money.

How Much Can You Make?
$70,000/month
Average Initial Investment
$6,500
Skills

Case Study

My name is Nimrod, and I am the CEO & co-founder of OnlinePianist, a mobile application that makes it super fun & easy to play one’s favorite songs on the piano.

my-personal-crisis-fueled-me-to-build-an-840k-year-piano-tutorial-app

22. Start an enterprise content management software business

How Much Can You Make?
$40,000 — $250,000/month
Skills

Case Study

Hey! My name is Marti Sanchez and I am the CEO of Influence Podium. We help B2B CEOs get placed on podcasts their target audience listens to and repurposes those episodes into LinkedIn or Twitter content to grow their personal brand and drive inbound.

We just crossed $30k MRR and are looking to hit seven figures by the end of the year. We’re a young company in our 3rd year in business, and completely self-funded.

how-i-started-a-30k-month-personal-branding-content-service-for-b2b-ceos

23. Start a data analytics software business

How Much Can You Make?
$1,000 — $4,308,333/month
Skills

Case Study

My name is Tyler Robertson, and I’m the founder and CEO of Diesel Laptops.

In three short years, it went from me in my dining room table and garage to a 21,000 square foot facility with over 90 employees.

diesel-laptops-from-selling-on-ebay-to-making-20m-year

24. Start a vr-based sports streaming service

Sporting is one of the domains where VR technology is put to use effectively and aggressively. VR technology enables users to amplify the sporting experience in nearly every field, including consuming content.

A Sports VR streaming service replicates the experience of being courtside at a game where a team is playing, so the user can view favorite sporting events in VR. The service provides a myriad of content, including live streaming sporting events such as the US Open, golden state warriors’ games, and other sports.

With a sports VR streaming service, no more paying for parking and expensive concessions! All the users need are VR headsets and can enjoy their favorite sports through the VR streaming service. Starting a VR streaming service is fun and a lucrative business opportunity.

How Much Can You Make?
$300,000/month
Average Initial Investment
$25,250
Skills

Case Study

I’m Zack Johnson, and I run ggCircuit,which provides premium software, services, and support for esports arenas around the world.

UC Irvine Esports Arena - One of our first university customers in 2016

we-offer-premium-services-for-e-sports-arenas-worldwide-3-6m-year

25. Start a search engine analytics service company

How Much Can You Make?
$3,500 — $250,000/month
Skills

Case Study

Hi there, my name is Robb Fahrion and I am the Co-Founder and Partner of Flying V Group, a digital marketing and advertising company located. We service clients all across the globe and help them grow their business through the power of the internet. My passion is for business and there is nothing more rewarding than helping others grow their businesses and share in their successes.

Today, Flying V Group employs 12 people, has worked with over 300 clients, operates internationally, and is on pace to double revenue for the second year in a row. Crazy to think about being here when my brother and I both got up and quit our corporate jobs and put $5k into the project to get us started!

these-brothers-quit-their-jobs-started-a-3m-year-digital-marketing-agency

26. Start a business intelligence consulting service

How Much Can You Make?
$1,000 — $105,000/month
Skills

Case Study

Hi, my name is Edwin Lisowski and I am a co-founder and a CTO of Addepto.

Addepto founders: on the left - Edwin Lisowski (CTO), on the right - Artur Haponik (CEO)

we-built-a-1-26m-year-ai-consulting-business-over-30-employees

27. Start a fitness equipment manufacturer

Are you searching for a new business opportunity that will enable you to utilize your design and construction skills? Perhaps you should consider starting a business that manufactures fitness equipment. The main requirements for succeeding in this manufacturing business are a well-equipped workshop, design and construction experience, and good marketing skills.

The fitness equipment manufactured can include weight benches, weight stands, and squat stands, just to mention a few. Once the fitness equipment is constructed, selling can be wholesale to national and specialty retailers or directly to the public via a factory direct showroom or the Internet.

How Much Can You Make?
$240,000 — $771,000/month
Skills

Case Study

I am Matt Dawson and am the President of Ironmaster. We manufacture and sell our brand of home gym fitness equipment domestically and in more than 20 International markets. Ironmaster specializes in strength training gear, primarily of our proprietary designs. Our primary market is individuals who want to have their gym at home.

Ironmaster is a multi-million dollar company with a rock-solid reputation as an innovator, top-level service, and one of the longest established fitness equipment manufacturers in the world.

how-i-turned-my-father-s-side-venture-into-a-9-25m-year-home-gym-equipment-brand

28. Start a credit card analytics business

A credit card analytics business involves collecting and analyzing credit card transaction data to provide clients with insights and recommendations. This can include analyzing spending patterns, identifying potential fraud, and providing recommendations for optimizing credit card usage.

To run a successful credit card analytics business, it is important to have a strong understanding of data analysis and financial concepts. It may also be helpful to have a background in finance or economics. It is also essential to build strong relationships with credit card companies and financial institutions to access the necessary data.

Another key to success in this line of business is staying up-to-date on industry trends and regulations and constantly seeking out new technologies and techniques to improve the accuracy and efficiency of your analyses.

It is also essential to clearly communicate the value of your services to potential clients and clearly outline the benefits of working with your company. Building a solid reputation and providing high-quality results will be essential for attracting and retaining clients.

Overall, a credit card analytics business can be a lucrative opportunity for entrepreneurs with a solid financial background and a passion for data analysis. This business can provide valuable insights and recommendations for optimizing credit card usage by staying up-to-date on industry trends and building strong relationships with clients.

Average Initial Investment
$200,000
Skills

29. Start a VR data visualization business

VR data visualization service allows users to experience aggregated data in a virtual environment. Typically, data visualization enables the user to see analytics presented visually so the user may understand what data is communicating.

VR data visualization is in demand across different industries. The service allows engineers, designers, and other professionals to work with real-time data and virtually walk into their data so they can study it from every perspective.

If you love working with VR and are passionate about data analysis, you can consider starting a VR data visualization business. With the high demand for VR visualization services, you can turn your passion into a lucrative business opportunity.

How Much Can You Make?
$10,000/month
Average Initial Investment
$250,000
Skills

Case Study

My name is Chelsea Rhoads and I am the CEO/Co-Founder of pup-eeze, the smartest device on four legs. pup-eeze is a wellness tracker for dogs that tracks activity, monitors location and automates our dog’s lives by connecting them with hundreds of smart home devices giving ourselves and our dogs the ability to monitor, maintain and change the environment of the home if we’re concerned about separation anxiety or well-being.

We’ve had great success speaking with and testing the wellness tracker among those who love their dogs and love technology. We thought, “we bring our dogs on every other journey with us, why not include them in the technology journey as well?” With the overwhelming support from the technology community we were able to strategically partner with an emerging leader in the IoT enterprise solution field; Fathym.

how-i-created-and-launched-a-fitbit-for-dogs

30. Start a dedicated server hosting company

How Much Can You Make?
$1,000 — $5,040/month
Skills

Case Study

My name is Jake Gaba, and I run Indifferent Broccoli. We are a game server hosting and rental company.

I bought this business for $25,000 in February, and have since grown it from about $1600 MRR to $5000 MRR. MRR refers to monthly recurring revenue or the amount of revenue generated from paid recurring subscriptions each month.

i-left-stanford-bought-a-small-website-tripled-revenue-in-6-months

31. Start an universal payment gateway development business

How Much Can You Make?
$100,000 — $2,000,000/month
Skills

Case Study

Hi! This is Fida Haq and I am the MD and CEO of shurjoPay since its inception in 2010.

During Q1 of 2021, shurjoPay is averaging a transactional volume of USD 1.5M per month with the total number of merchants exceeding 600. We believe shurjoPay's impact in bringing about a change in the country’s online payment collection system has been transformational.

how-we-developed-a-1-5m-month-online-payment-gateaway

32. Start a bitcoin hardware mining business

A bitcoin hardware mining business uses specialized computer equipment to validate and verify transactions on the bitcoin network. This process, known as mining, requires a significant amount of computing power and electricity.

You will need a few key things to start a successful bitcoin hardware mining business. First, you must purchase specialized equipment such as ASIC miners or graphics processing units (GPUs). These devices are specifically designed for mining and will be the foundation of your business.

Next, you must find a location to set up your mining equipment. This space should have stable electricity, good ventilation, and a reliable internet connection. You may also need additional cooling equipment to keep your miners running at optimal temperatures.

In addition to the hardware and infrastructure, you will also need a strong understanding of bitcoin and the mining process. This will allow you to make informed decisions about the types of equipment to purchase and the most efficient way to operate your business.

Finally, it’s important to have a solid business plan in place. This will help you to track your expenses, profits, and growth over time. With the right combination of hardware, knowledge, and a solid business plan, you can build a successful bitcoin hardware mining business.

How Much Can You Make?
$30,000/month
Skills

Case Study

33. Start an online data protection business

34. Start a personal data protection business

35. Start a private cloud servers business

36. Start an intelligent customer acquisition service company

How Much Can You Make?
$916,666/month
Skills

Case Study

Shekar Raman & Francisco Borges launched Birdzi, a provider of a unique Personalized Shopper Engagement & Analytics Platform, in 2014. The business idea was a brainchild of Shekar’s 11-year-old girl when she dreamt of designing an app to assist consumers in locating items in a grocery store in 2010.

Shekar, Birdzi’s CEO and co-founder, adopted his daughter’s concept and began the process of invention and innovation that became the core of Birdzi’s Shopper Engagement & Analytics Platform.

Birdzi Inc offers a platform for retailers and brands to improve their shopper engagement and analytics. It allows brands to connect with shoppers at the right time and place, increase sales, and improve their marketing ROI.

This platform can be implemented quickly and does not require integration with the retailer’s systems. In addition to the platform, Birdzi provides white-label solutions to improve digital engagement and the in-store experience.

Shekar began his career in university research, focusing on the Human Genome Project at UPenn and UNLV. During this time, he developed algorithms for pattern recognition in proteins and retroviruses.

After working at AT&T Bell Labs in the Speech Group, where he gained expertise in systems, storage, and scripting, Shekar transitioned to IT. In this field, he worked as an infrastructure architect for various telecom companies and was involved in designing and implementing various projects.

In addition to gaining new clients, Birdzi’s ongoing relationship with Weis Markets found even greater success in 2021. Ron Bonacci, VP of marketing and analytics at Weis Markets, received a Retail Innovator Award from Retail Touchpoints for his work with Birdzi.

Key Notes:

  • In 2021, Shekar Raman and Gary Hawkins, Birdzi’s advisor, introduced “The Retail Perch,” a podcast that helps retailers stay informed about industry news and technology.
  • The Retail Perch celebrated one year of episodes in August, with 40 episodes featuring guests from various companies and organizations
  • Birdzi values the contributions of all members of its community, including employees, clients, and partners
  • As of Q3 of 2022, Birdzi only served grocery stores but plans to offer the services to other retail stores.
  • Birdzi plans to introduce health and wellness-based solutions and retail media networks to benefit its customers.
  • In 2022, Birdzi had 10 paying customers with average revenue of $40K per month per customer, making the total ARR $480K

article

37. Start an advanced analytics services company

38. Start a fraud detection service

How Much Can You Make?
$833,333/month
Skills

Case Study

SEON, the fastest-growing fraud prevention company, was founded by Tamas Kadar, who also serves as acting CIO.

This fraud-detection startup creates a customer's "digital footprint" to weed out fake accounts and stop fraudulent transactions.

This business, which helps online businesses combat online fraud like fake accounts, has raised a $12 million Series A round led by Creandum and included PortfoLion, an OTP Bank subsidiary.

SEON successfully became Hungary's most financially secure tech startup after receiving a $94 million series B investment from IVP recently.

They have a talented team of consultants and developers to make the online business environment safer. Their goal is to make the online space much safer for high-risk merchants.

To date, 1 billion+ transactions have been reviewed, 50+ million Euro saved, and SEON has helped over 5000+ merchants.

article

Watch the full video on youtube.com ➜

39. Start a business matching service

40. Start a security software sales business

41. Start a commercial uavs manufacturing business

Pat Walls,  Founder of Starter Story
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Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.