43 Profitable Analytics and Data Mining Business Ideas

43 Profitable Analytics and Data Mining Business Ideas

Seeking to start an analytics and data mining business but not quite sure what to start?



The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.



If you're looking to start your own analytics and data mining business, there are several amazing options you can choose from.



We put a list together below of the most profitable analytics and data mining business ideas you can start today!



Here they are:



1. Create a web development course ($28.2K/year)

Ray DelVecchio from Bellmawr, NJ, USA started Website Profit Course almost 7 years ago, a web development course.

  • Revenue: $2,350/ month
  • Founders: 1
  • Employees: 0
  • Location: Bellmawr, NJ, USA

Growing up, I was a computer geek and a good student. My favorite subjects were math and science, which led me to major in computer & electrical engineering. During my senior year, our graduating class met with a professor to discuss our future.

One of the first pieces of advice that has stuck with me is you only own two things on the internet - your website and your email list. Everything else is on someone else’s platform, and you’re at the mercy of their algorithm.

He asked, “who here has a job lined up”? About half the class raised their hand.

how-i-started-a-2-3k-month-learning-platform-to-teach-people-how-to-start-a-web-design-business

-  
Ray DelVecchio, on starting Website Profit Course ($2,350/month) full story ➜

2. Start a customer intelligence analytics business ($10.1M/year)

THIERRY GENOYER from started United World Telecom dba Global Call Forwarding over 25 years ago, a customer intelligence analytics business.

  • Revenue: $840,000/ month
  • Founders: 2
  • Employees: 32
  • Location:

I grew up in Marseille, France, and moved to the US for school when I was 18. After graduating from school, I worked for Banque Nationale de Paris in their Houston, TX office, before getting my MBA from NYU Stern School of Business.

At the time, I was in my third job in financial controls and analysis but wasn’t happy with that. I was frustrated working financial analysis jobs and decided I wanted to be independent.

I read an article in the Wall Street Journal about the “international callback industry”. Small US entrepreneurs were selling this service abroad mainly through networks of independent agents. The article mentioned it was a fast-growing segment. They also pointed out small barriers to entry (no large dominant player, relatively low upfront capital investments). And I figured my international background and being trilingual gave me some relative advantage.

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

-  
THIERRY GENOYER, on starting United World Telecom dba Global Call Forwarding ($840,000/month) full story ➜

3. Start a digital marketing business ($3.6M/year)

Rahul Alim from Los Angeles, California, USA started Custom Creatives almost 17 years ago, a digital marketing business.

  • Revenue: $300,000/ month
  • Founders: 1
  • Employees: 10
  • Location: Los Angeles, California, USA

My intention during and after high school was to move to Europe and play soccer (football) as my career. However, I was persuaded to try my hand at college which eventually took me down the path where I am today.

I grew up in a family full of entrepreneurs, thinkers…people smarter than me so I was definitely lucky to be in the right room.

My first job was selling credit card machines and processing. I was raw in business but determined (or stubborn) to make it alone with the help of no one (NOTE, this was a dumb idea and everyone should get help at every stage of life). When I started, I thought I was in a finance position. It turned out I was in a sales position, responsible for calling businesses to sell them on our services. It was the best thing to ever happen to me at this stage in my young career.

I was forced to talk to people, negotiate, persuade, help strangers over the phone - I learned one of the greatest skills of all time, how to sell over the phone. I had never sold anything, I learned sales in 3 days, then practiced every single day. This position lasted 30 days, but the grass only got greener. I was somehow recruited to a company called Homestore, which owned Realtor.com where I eventually became a top sales account executive managing the East Coast as my territory.

I went from the worst at sales in the company to the top 10 in the company. I took my sales learnings from my first job selling credit card processing to selling to internet advertising to Real Estate Agents, Brokers, Lenders and those involved in the real estate transaction.

After just a few years, I left Realtor.com (for no reason whatsoever, I loved working there) to start my own company. Young, dumb, no plan, no office, no product, no smart idea, but I had one thing to offer… I decided to help realtors manage and promote their listings on the internet.

how-i-started-a-100k-month-digital-marketing-agency

-  
Rahul Alim, on starting Custom Creatives ($300,000/month) full story ➜

4. Start a dating website ($156K/year)

Ivan Fatovic from Los Angeles started Modamily almost 10 years ago, a dating website.

  • Revenue: $13,000/ month
  • Founders: 1
  • Employees: 3
  • Location: Los Angeles

I had spent my whole adult life after college living in Los Angeles working in the entertainment industry, first as an actor, then in production (Greenstreet Films) and talent representation (Endeavor and 3 Arts). After years in the business, I got frustrated with how long it took to get movies made and wanted a change.

A friend of mine was working in wealth management at UBS in Beverly Hills and got me an interview. I was always trading stocks since college and envisioned myself as Bud Fox from Oliver Stone’s Wall Street, where I would one day grab some whale clients and make millions managing money for them. My salary tripled overnight from my Hollywood assistant salary and I quickly aced my Series 7 and was on my way.

The year was 2008, the beginning of the financial crisis. I remember being sent to UBS headquarters in Weehawken, NJ for training in the same week that Bear Stearns and Lehman Brothers were on the verge of bankruptcy. It wasn’t a good sign. They ended up laying off all the young advisors and towards the end of 2009, I was unemployed and jobless. I moved back to NYC to try and find a job on the institutional side of Wall St.

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

-  
Ivan Fatovic, on starting Modamily ($13,000/month) full story ➜

5. Start a crm business ($1.92M/year)

Lars Helgeson from San Diego, California, USA started GreenRope over 13 years ago, a CRM business.

  • Revenue: $160,000/ month
  • Founders: 1
  • Employees: 15
  • Location: San Diego, California, USA

After being honorably discharged from the US Air Force, I struck out on my own to build a different kind of software company. One that focused on providing real, long-term value to customers. I taught myself how to write code and worked day and night for 3 years to build the first version of our email marketing software.

In 2008, I realized that we could better serve our customers by taking a broader, more holistic view of business management. We worked with hundreds of our customers to come up with solutions to real problems they were having every day and found out that most of those problems had to do with managing information. Most businesses have disparate departments, software, and data, and the integration of that data is often an afterthought. GreenRope solves this with a single, unified platform that sales, marketing, customer service, and operations staff log in to.

When we started with GreenRope, we focused on the core CRM, email, and website elements of running a business. Then, we expanded into project management, customer service, and a few other functions common to many businesses. The last part was building automation, scoring, and predictive analytics since we were able to gather data from all of the other parts of the business’s operations.

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

-  
Lars Helgeson, on starting GreenRope ($160,000/month) full story ➜

6. Develop an online survey tool ($19.2M/year)

Vivek Bhaskaran from started QuestionPro almost 17 years ago, a online survey tool.

  • Revenue: $1,600,000/ month
  • Founders: 1
  • Employees: 300
  • Location:

I started QuestionPro back in 2005. In fact, I bootstrapped it for the first couple of years - which is code for - I was working my day job and working on developing the core software behind QuestionPro during nights and evenings. One day, in the fall of 2005 I returned home from work, I can even tell you what time it was, 6:30 in the evening. I looked at my wife - Kalpana while we were cooking dinner when something just clicked, at that moment I said, “Honey I am going to quit my job and I am going to run QuestionPro full time. I’m done.” She looked at me with a sense of bewilderment, horror, and pride. “But what about our mortgage?” - was her next statement. My answer was - “Well - we’ll figure it out. I have 6 months of savings” - to which she said - “Ok cool.”

My biggest reason for quitting my day job was not actually money, it was the freedom. Freedom to do what I wanted. Freedom to pursue a technical strategy that I saw fit for the company. Freedom to experiment with business models. Freedom to create new ideas. Freedom to engage with customers and create value for all of us. Freedom to take a put my ideas to practice.

Ask anyone who has quit their day job towards the pursuit of entrepreneurship - and you will almost universally get the same answer - the best decision ever. Universally. I hardly know anyone who does not get an adrenaline high by going down the entrepreneurship route. Yes - it is hard - it requires that you work almost 3X of what you could coast by - but the intrinsic rewards are 10X more. In fact, it's hard for most folks, including me, to imagine working a normal 9-5 job anymore.

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

-  
Vivek Bhaskaran, on starting QuestionPro ($1,600,000/month) full story ➜

7. Start an ecommerce platform ($1.2M/year)

Nick and Angelica from Virginia Beach, Virginia, USA started Romans Tide over 6 years ago, a ecommerce platform.

  • Revenue: $100,000/ month
  • Founders: 2
  • Employees: 5
  • Location: Virginia Beach, Virginia, USA

Outsource everything. The classic entrepreneur’s mistake is to try and do everything yourself. When I look back on it I definitely had the funds to outsource more and bootstrap less.

If it wasn't for that struggle I would have never made it to where I am today. I was forced into entrepreneurship because I was not someone people could hire. I always got along with people at interviews and people liked me but I was not hireable due to the mistakes I made in the past surrounding my issues with drugs and alcohol as a teenager.

Embrace the struggle. Good times can make you soft. I appreciate my life now and keep an attitude of gratitude but I never forget where I came from. I never forget not knowing where my next meal would come from or not knowing where I was going to sleep at night. Believe it or not, I have had worse times and been worse places than being homeless but I won't go there here

I got my GED at 16 so I didn’t even finish high school, before starting my business I did take some college classes at a local community college. I wanted to become a Doctor of Naturopathic Medicine and attend Bastyr University.

I loved learning things but always struggled with the long road of school which held no guarantee of success, just a guarantee of debt.

My journey into entrepreneurship started as an early teenager hustling here and there just to put food in my mouth and fuel in the gas tank. My first real business was a landscaping business I started with a friend that didn't work out. We thought it would be a good idea because he had the work and I had the business mindset of growing and scaling. The opportunity was there but we did not collaborate well. Even with my guidance he did not want to change his habits. This led to us butting heads, ending our business, tainting our friendship, and me $20,000 in debt. After that had failed me I came across a program that taught people how to dropship on eBay for $20 a month. I really liked the idea of this as it gave me the opportunity to work from anywhere and be my own boss which are two things I really wanted. After a few months of hard work, things went well and I paid $500 for the selling on Amazon training. I literally had no idea what I was doing when my Amazon business took off. In a sense, Amazon was my crash course in business. It taught me how to hire and manage employees, how to set up payroll, how to outsource, how to do accounting, how to leverage credit and financing, how to market, how to do advertising. It taught me everything I know about business in the harshest way possible lol

how-i-started-a-private-label-small-business-generating-six-figures-a-month

-  
Nick and Angelica, on starting Romans Tide ($100,000/month) full story ➜

8. Start a data analytics blogging business

Examples of a successful data analytics blogging business:

Here are some great videos on how to get started with a data analytics blogging business:

For further info, check out these books and products:

Learn more about starting a data analytics blogging business ➜

9. Start a data analysis business

Examples of a successful data analysis business:

Here are some great videos on how to get started with a data analysis business:

For further info, check out these books and products:

Learn more about starting a data analysis business ➜

article

10. Start an online researching business

Examples of a successful online researching business:

Here are some great videos on how to get started with a online researching business:

For further info, check out these books and products:

Learn more about starting an online researching business ➜

article

11. Start a financial service business

Examples of a successful financial service business:

Here are some great videos on how to get started with a financial service business:

For further info, check out these books and products:

Learn more about starting a financial service business ➜

article

12. Start a sports betting website

Examples of a successful sports betting website:

Here are some great videos on how to get started with a sports betting website:

For further info, check out these books and products:

Learn more about starting a sports betting website ➜

13. Start a data mining and analytics tools business

Examples of a successful data mining and analytics tools business:

Here are some great videos on how to get started with a data mining and analytics tools business:

For further info, check out these books and products:

Learn more about starting a data mining and analytics tools business ➜

article

14. Start a bitcoin hardware mining business

Examples of a successful bitcoin hardware mining business:

Here are some great videos on how to get started with a bitcoin hardware mining business:

For further info, check out these books and products:

Learn more about starting a bitcoin hardware mining business ➜

article

15. Start an online data protection business

Examples of a successful online data protection business:

Here are some great videos on how to get started with a online data protection business:

For further info, check out these books and products:

Learn more about starting an online data protection business ➜

article

16. Start a personal data protection business

Examples of a successful personal data protection business:

Here are some great videos on how to get started with a personal data protection business:

For further info, check out these books and products:

Learn more about starting a personal data protection business ➜

article

17. Start a private cloud servers business

Examples of a successful private cloud servers business:

Here are some great videos on how to get started with a private cloud servers business:

For further info, check out these books and products:

Learn more about starting a private cloud servers business ➜

article

18. Start a robotic process automation software business ($1.8M/year)

Examples of a successful robotic process automation software business:

Here are some great videos on how to get started with a robotic process automation software business:

For further info, check out these books and products:

Learn more about starting a robotic process automation software business ➜

And for some real world inspiration, give Pranay Jain's story on creating Enterprise Bot a read:

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

-  
Pranay Jain, on starting Enterprise Bot ($150,000/month) full story ➜

19. Start a data management software sales company

Examples of a successful data management software sales company:

Here are some great videos on how to get started with a data management software sales company:

For further info, check out these books and products:

Learn more about starting a data management software sales company ➜

article

20. Start an intelligent customer acquisition service company

Examples of a successful intelligent customer acquisition service company:

Here are some great videos on how to get started with a intelligent customer acquisition service company:

For further info, check out these books and products:

Learn more about starting an intelligent customer acquisition service company ➜

21. Start an advanced analytics services company

Examples of a successful advanced analytics services company:

Here are some great videos on how to get started with a advanced analytics services company:

For further info, check out these books and products:

Learn more about starting an advanced analytics services company ➜

article

22. Start an intelligent toys manufacturing business

Examples of a successful intelligent toys manufacturing business:

Here are some great videos on how to get started with a intelligent toys manufacturing business:

For further info, check out these books and products:

Learn more about starting an intelligent toys manufacturing business ➜

article

23. Start a data monetization business

Examples of a successful data monetization business:

Here are some great videos on how to get started with a data monetization business:

For further info, check out these books and products:

Learn more about starting a data monetization business ➜

24. Start a data mining consulting business ($1.26M/year)

Examples of a successful data mining consulting business:

Here are some great videos on how to get started with a data mining consulting business:

For further info, check out these books and products:

Learn more about starting a data mining consulting business ➜

And for some real world inspiration, give Edwin's story on creating Addepto a read:

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

-  
Edwin, on starting Addepto ($105,000/month) full story ➜

25. Start a podcasting business ($360K/year)

Examples of a successful podcasting business:

Here are some great videos on how to get started with a podcasting business:

For further info, check out these books and products:

Learn more about starting a podcasting business ➜

And for some real world inspiration, give Marti Sanchez's story on creating Influence Podium a read:

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

-  
Marti Sanchez, on starting Influence Podium ($30,000/month) full story ➜

26. Start an uber service

Examples of a successful uber service:

Here are some great videos on how to get started with a uber service:

For further info, check out these books and products:

Learn more about starting an uber service ➜

27. Start a music streaming app

Examples of a successful music streaming app:

Here are some great videos on how to get started with a music streaming app:

For further info, check out these books and products:

Learn more about starting a music streaming app ➜

And for some real world inspiration, give Joel Fickson Ngozo's story on creating Vwaza Multimedia a read:

I'm Joel Fickson Ngozo, a software engineer, innovator, and techpreneur. I'm the founder and the developer of Vwaza Multimedia, a startup company offering media streaming services for African creators targeting a global audience. Vwaza empowers African Creators by helping them have a platform through which they can distribute music and poems. Launched on June 9th, 2021, Vwaza has 220 plus listeners from Africa, the USA, Europe, and China, and over 100 artists from over 5 African countries.

Vwaza has two sections: Vwaza Creator, and Vwaza Listener. Vwaza Creator is an artist section where African Artists can upload their content. Content can be music albums, eps, and singles, and even poem collections. This content is streamed through the Vwaza Listeners App available on both Web and Mobile (Android and iOS). Listeners will start buying the music through our web platform and artists will be getting revenue from sales that are empowered by us.

i-created-a-music-app-to-empower-african-artists

-  
Joel Fickson Ngozo, on starting Vwaza Multimedia ($0/month) full story ➜

28. Start an enterprise content management software business

Examples of a successful enterprise content management software business:

Here are some great videos on how to get started with a enterprise content management software business:

For further info, check out these books and products:

Learn more about starting an enterprise content management software business ➜

29. Start a fraud detection service

Examples of a successful fraud detection service:

Here are some great videos on how to get started with a fraud detection service:

For further info, check out these books and products:

Learn more about starting a fraud detection service ➜

article

30. Start a business matching service

Examples of a successful business matching service:

Here are some great videos on how to get started with a business matching service:

For further info, check out these books and products:

Learn more about starting a business matching service ➜

article

31. Start a data analytics software business

Examples of a successful data analytics software business:

Here are some great videos on how to get started with a data analytics software business:

For further info, check out these books and products:

Learn more about starting a data analytics software business ➜

article

32. Start a security software sales business

Examples of a successful security software sales business:

Here are some great videos on how to get started with a security software sales business:

For further info, check out these books and products:

Learn more about starting a security software sales business ➜

article

33. Start a sports vr streaming service company

Examples of a successful sports vr streaming service company:

Here are some great videos on how to get started with a sports vr streaming service company:

For further info, check out these books and products:

Learn more about starting a sports vr streaming service company ➜

article

34. Start a search engine analytics service company

Examples of a successful search engine analytics service company:

Here are some great videos on how to get started with a search engine analytics service company:

For further info, check out these books and products:

Learn more about starting a search engine analytics service company ➜

35. Start a business intelligence consulting service

Examples of a successful business intelligence consulting service:

Here are some great videos on how to get started with a business intelligence consulting service:

For further info, check out these books and products:

Learn more about starting a business intelligence consulting service ➜

36. Start a fitness equipment manufacturing business

Examples of a successful fitness equipment manufacturing business:

Here are some great videos on how to get started with a fitness equipment manufacturing business:

For further info, check out these books and products:

Learn more about starting a fitness equipment manufacturing business ➜

37. Start a credit card analytics business

Examples of a successful credit card analytics business:

Here are some great videos on how to get started with a credit card analytics business:

For further info, check out these books and products:

Learn more about starting a credit card analytics business ➜

article

38. Start a marketing and sales business

Examples of a successful marketing and sales business:

Here are some great videos on how to get started with a marketing and sales business:

For further info, check out these books and products:

Learn more about starting a marketing and sales business ➜

article

39. Start a data visualization business

Examples of a successful data visualization business:

Here are some great videos on how to get started with a data visualization business:

For further info, check out these books and products:

Learn more about starting a data visualization business ➜

article

40. Start a dedicated server hosting company ($60.5K/year)

Examples of a successful dedicated server hosting company:

Here are some great videos on how to get started with a dedicated server hosting company:

For further info, check out these books and products:

Learn more about starting a dedicated server hosting company ➜

And for some real world inspiration, give Jake Gaba's story on creating Indifferent Broccoli a read:

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

-  
Jake Gaba, on starting Indifferent Broccoli ($5,040/month) full story ➜

41. Start a commercial uavs manufacturing business

Examples of a successful commercial uavs manufacturing business:

Here are some great videos on how to get started with a commercial uavs manufacturing business:

For further info, check out these books and products:

Learn more about starting a commercial uavs manufacturing business ➜

article

42. Start a financial service company

Examples of a successful financial service company:

Here are some great videos on how to get started with a financial service company:

For further info, check out these books and products:

Learn more about starting a financial service company ➜

article

43. Start an universal payment gateway development business

Examples of a successful universal payment gateway development business:

Here are some great videos on how to get started with a universal payment gateway development business:

For further info, check out these books and products:

Learn more about starting an universal payment gateway development business ➜

article

Pat Walls,  Founder of Starter Story

Discover the best strategies of successful business owners

Join our newsletter and receive our handcrafted recap with the best insights shared by founders in Starter Story each week.

Useful, convenient, and free:

Did you know that brands using Klaviyo average a 95x ROI?

Email, SMS, and more — Klaviyo brings your marketing all together, fueling growth without burning through time and resources.

Deliver more relevant email and text messages — powered by your data. Klaviyo helps you turn one-time buyers into repeat customers with all the power of an enterprise solution and none of the complexity.

Join Brumate, Beardbrand, and the 265,000 other businesses using Klaviyo to grow their online sales.

Try Klaviyo for free right now ➜