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. Start an online learning platform business ($28.2K/year)

Ray DelVecchio from Bellmawr, NJ, USA started Website Profit Course about 6 years ago, a online learning platform business.

  • 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

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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 about 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

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

3. Start a digital marketing business ($1.2M/year)

Rahul Alim from Los Angeles, California, USA started Custom Creatives over 16 years ago, a digital marketing business.

  • Revenue: $100,000/ 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

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Rahul Alim, on starting Custom Creatives ($100,000/month) full story ➜

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

Ivan Fatovic from Los Angeles started Modamily over 9 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

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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 almost 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

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

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

Vivek Bhaskaran from started QuestionPro about 16 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

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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 about 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

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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:

For further info, check out these books and products:

Learn more about starting a data analytics blogging business ➜

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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 ➜

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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 ➜

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11. Start a financial service business ($831M/year)

Examples of a successful financial service business:

For further info, check out these books and products:

Learn more about starting a financial service business ➜

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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:

For further info, check out these books and products:

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

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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 ➜

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15. Start an online data protection business

Examples of a successful online data protection business:

For further info, check out these books and products:

Learn more about starting an online data protection business ➜

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16. Start a personal data protection business

Examples of a successful personal data protection business:

For further info, check out these books and products:

Learn more about starting a personal data protection business ➜

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17. Start a private cloud servers business

Examples of a successful private cloud servers business:

For further info, check out these books and products:

Learn more about starting a private cloud servers business ➜

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18. Start a robotic process automation software business ($1.26M/year)

Examples of a successful 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 Raghuraman Ramamurthy's story on creating Rapid Acceleration Partners a read:

Hi there! My name is Raghuraman Ramamurthy, but most people just call me Raghu. I am a serial entrepreneur and I started Rapid Acceleration Partners (RAP) with co-founders Baskar Agneeswaran, who is a longtime friend and fellow serial entrepreneur, and Ramesh Kumar who is a veteran in Silicon Valley and Indian startups.

When used in tandem, they provide end-to-end workflow automation capabilities that can be deployed in just weeks. The best part – no specialist knowledge is required! You can even build your own use case and the platform can easily integrate with your existing systems.

To date, we have served companies in 6 industries, processes 7 million+ pieces of content with 10 million+ process iterations, and saved 70% of manual effort.

from-fledgling-ai-startup-to-industry-recognized-ipa-player-in-just-3-years

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Raghuraman Ramamurthy, on starting Rapid Acceleration Partners ($60,000/month) full story ➜

19. Start a data management software sales business ($720K/year)

Examples of a successful data management software sales business:

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

For further info, check out these books and products:

Learn more about starting a data management software sales business ➜

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20. Start an intelligent customer acquisition service business

Examples of a successful intelligent customer acquisition service business:

For further info, check out these books and products:

Learn more about starting an intelligent customer acquisition service business ➜

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21. Start an advanced analytics services business

Examples of a successful advanced analytics services business:

For further info, check out these books and products:

Learn more about starting an advanced analytics services business ➜

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22. Start an intelligent toys manufacturing business

Examples of a successful intelligent toys manufacturing business:

For further info, check out these books and products:

Learn more about starting an intelligent toys manufacturing business ➜

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23. Start a data monetization business

Examples of a successful data monetization business:

For further info, check out these books and products:

Learn more about starting a data monetization business ➜

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24. Start a data mining consulting business

Examples of a successful data mining consulting business:

For further info, check out these books and products:

Learn more about starting a data mining consulting business ➜

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25. Start a podcasting business ($204K/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 Tom Hunt's story on creating Fame a read:

My name is Tom Hunt and we start and grow the world's most profitable podcasts at Fame.

We currently run this process for 10 clients and make approximately $17k per month.

how-i-started-a-17k-month-podcast-growth-service

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Tom Hunt, on starting Fame ($17,000/month) full story ➜

26. Start an uber service business

Examples of a successful uber service business:

For further info, check out these books and products:

Learn more about starting an uber service business ➜

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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 ➜

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28. Start an enterprise content management software business

Examples of a successful enterprise content management software business:

For further info, check out these books and products:

Learn more about starting an enterprise content management software business ➜

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29. Start a fraud detection services business

Examples of a successful fraud detection services business:

For further info, check out these books and products:

Learn more about starting a fraud detection services business ➜

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30. Start a business matching services business

Examples of a successful business matching services business:

For further info, check out these books and products:

Learn more about starting a business matching services business ➜

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31. Start a data analytics software business

Examples of a successful data analytics software business:

For further info, check out these books and products:

Learn more about starting a data analytics software business ➜

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32. Start a security software sales business

Examples of a successful security software sales business:

For further info, check out these books and products:

Learn more about starting a security software sales business ➜

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33. Start a sports vr streaming service business ($120K/year)

Examples of a successful sports vr streaming service business:

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

For further info, check out these books and products:

Learn more about starting a sports vr streaming service business ➜

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34. Start a search engine analytics service business

Examples of a successful search engine analytics service business:

Learn more about starting a search engine analytics service business ➜

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35. Start a business intelligence consulting business

Examples of a successful business intelligence consulting business:

For further info, check out these books and products:

Learn more about starting a business intelligence consulting business ➜

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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 ➜

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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 ➜

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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 ➜

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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 ➜

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40. Start a dedicated server hosting business

Examples of a successful dedicated server hosting business:

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

For further info, check out these books and products:

Learn more about starting a dedicated server hosting business ➜

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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 ➜

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42. Start a scientific computing services business

Examples of a successful scientific computing services business:

Here are some great videos on how to get started with a scientific computing services business:

Learn more about starting a scientific computing services business ➜

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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 ➜

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