The 70 Best Business Ideas To Start In Armenia [2025]
Interested in starting a business in Armenia in 2025?
We put together 70 of the best businesses you can start in Armenia today.
In this list of ideas, you can find:
- Home-based businesses to start in Armenia
- Profitable online business ideas
- Unique business opportunities for Armenia
- Low investment business ideas (under $5k to start)
- Easy businesses you can start in Armenia today
For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in Armenia.
Here's the full list:
1. Start a tour company
Starting a tour company is a great way to bring your love of travel to life. You can share your passion with others and help make their dream vacations come true!
There are many types of tour businesses, so choosing something you are passionate about and knowledgeable about is best. Here are a few of the most popular tour companies to start in Armenia:
- Food & Drink Tours
- Adventure & Sporting Tours
- Sightseeing & Historical Tours
- Shopping Tours
- and many more!
It’s also essential to determine what mode of transportation you want for your tour company, as this will determine the initial startup costs needed for your company.
To get started, find out if you need a license to operate in your state. Some states require tour companies to be licensed, while others do not. If you are required to be licensed, talk with the licensing agency to find out what steps must be taken before you can apply for that license.
How much you can make: $2,500 — $500,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 90 days (?)
Araratour, led by Nune Tatunts, experienced impressive revenue growth, doubling its 2018 revenue to bring in $13,000 a month in 2019, offering combined tours around the Caucasus and Central Asia, and now has an office in three countries.
2. Start an advertisment business
Consider delving into the world of advertisement business. At its core, this venture involves creating, managing, and delivering advertising campaigns for various clients across different media channels.
This business can be initiated with developing a solid marketing strategy, understanding your target audience, and crafting compelling messages that resonate with potential customers. You'll need to master different advertising platforms, from social media to TV, radio, and online ads, ensuring that you meet clients' unique needs and goals.
If you have a knack for creative thinking and strategic planning, running an ad business could be a highly rewarding endeavor. It's not just about placing ads; it's about driving results that can elevate a brand and boost its market presence. With the right mix of creativity and analytical skills, you can build campaigns that not only attract attention but also convert interest into action.
How much you can make: $6,500 — $292,000/month
How much does it cost to start: $4,000 (?)
How long does it take to build: 90 days (?)
Digital Caramel brings in a monthly revenue of $150,000 through their high-yield website monetization technology and commitment to quality customer service, with the company expanding their focus to include developing new technologies and alternative solutions to increase website monetization.
3. Start a digital agency
A digital agency’s task is to make a business reach its advertising, marketing, or technology-related goals. Anyone with enough knowledge and passion for digital marketing can start and run a profitable digital marketing agency. With the proper skill set, the right tools, and the right mindset, you can start a successful digital agency.
The global digital agency market reached a value of nearly $305B in 2020. The future growth prospects of the digital agency market are projected to be high due to the rising population of people consuming and creating content through digital channels.
How much you can make: $150 — $3,699,632/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
How this founder started a $100K/month guaranteed transcription service for medical, legal, law enforcement, financial, academic and general business industries, winning the NASPO ValuePoint transcription services contract over 26 other companies and learning valuable lessons about getting a coach and getting as much PR as possible.
4. Start a camping brand
A camping gear and apparel brand caters to outdoor adventure enthusiasts seeking quality and performance.
As an camping brand founder, you oversee the design and development of tents, packs, headlamps, and accessories tailored for campers, hikers, and travelers.
Focusing on innovative technologies and sustainable materials provides an eco-conscious edge.
Whether debuting a direct-to-consumer model or wholesale deal, building a camping goods company from the ground up transforms passion into profits.
For those seeking to make their mark on the thriving outdoor recreation industry, a startup brand allows you to carve your niche by equipping others to comfortably enjoy nature no matter the destination.
How much you can make: $1,350 — $2,000/month
How much does it cost to start: $1,700 (?)
How long does it take to build: 60 days (?)
From almost zero knowledge about SEO and marketing, this founder grew Gear Up Hiking, a hiking and camping niche affiliate blog that currently averages $1300+ per month and has a traffic range of 20k to 30k visitors monthly, and is worth over $50,000 if sold for profit.
5. Start a home equipment business
There are some cool things about the home equipment industry that make it an appealing business. Starting a home equipment business isn't easy. To do it properly, you need the right tools and equipment. Starting a home equipment business will definitely improve your financial outlook but you need lots of capital to start one.
Having a successful home equipment business is largely dependent upon the training and experience of the owner. Starting a home equipment business can be ideal for people who want to start a business but don't want the hassle of managing a physical location.
How much you can make: $10,000 — $65,000/month
How long does it take to build: 650 days (?)
Moki Doorstep, a vehicle rooftop assistance step, raised $110,000 in sales and sold 3,000 units during their month-long Kickstarter campaign and licensed their product after immediate interest from a larger company, with their product now available in major retailers like REI, Dicks Sporting Goods, Pep-boys, and Duluth Trading Post.
6. Start a pet store
Pet stores are retail businesses that sell animals and pet supplies. They are a leading industry category with sales of approximately $4.5B U.S dollars and positive sales growth of 2.7%.
You can set up a pet store in many places, like supermarkets, malls, or pet supply stores.
The first thing to do is to find a location for your store. A good place would be an area with many residential buildings, schools, and colleges as this will give you access to many customers. It would help if you also looked for a location near public transport as it will make it easier for people to come and visit your store.
How much you can make: $400 — $1,833,333/month
How long does it take to build: 238 days (?)
Mechanical engineer and avid bike rider Mike Leon turned his hobby of creating a safe bike-to-leash attachment for his service dog into a 6-figure business, shipping from hundreds to thousands of 1-Running-Dog Bike Tow Leashes per year to dog owners, military and law enforcement, and search and rescue teams.
7. Start a furniture business
The furniture industry involves designing, manufacturing, and selling various types of furniture for household and commercial purposes. With the increase in flexible workspaces and the real estate industry’s growth, the furniture business’s demand is boosted.
The furniture business is easy to start and does not require high investments. However, it is first essential to know your niche, for example, office, domestic, home furniture, and luxury items.
The furniture business needs a lot of preparation and prior knowledge. Taking business classes, learning about your local market, and making a solid business plan is advisable. In general, if your products are unique and one of a kind, consumers will be willing to pay a higher, including the shipping cost.
How much you can make: $5,000 — $999,999/month
How long does it take to build: 90 days (?)
Sasha Weekes, owner of Timber Grove Studios, turned her fine arts and cabinetmaking education into a successful home-based woodworking business that grew from a side project to netting 20-50% profits month-to-month and up to $10,000 in sales during peak periods through Etsy, with her company's growth continuing to increase through other social media outlets.
8. Start a personalized gift business
Personalized gifts are great for celebrating important dates, joyous occasions, and memorable moments. The personalized gifts include photo frames, key chains, to group gifts.
A personalized gifts business is a low-capital idea since you do not need a physical storefront or office space to start the business. Besides, you can put as much time into the business as possible, which means you can run the business as a side hustle.
Check out our guide on how to start a personalized gift business
How much you can make: $1,000 — $800,000/month
How long does it take to build: 180 days (?)
Meet Tyler Macke, the 21-year-old founder of SendAFriend, an e-commerce brand that sells stuffed animal care packages, which began with $50k in revenue in 2019 and is now on track to make $5M in revenue this year, while donating 10% of revenue to children's hospitals throughout the United States.
9. Start a stationery business
A stationery business sells stationery products such as paper goods, notebooks, greeting cards, and envelopes.
The best part about starting a stationery business is that it's relatively easy and inexpensive to get started.
Since there are so many different types of products available in this industry, there are endless opportunities for creativity, customization, and expansion.
You could even start out small by selling your products on Etsy or eBay before opening up an actual storefront.
How much you can make: $200 — $260,000/month
How much does it cost to start: $1,250 (?)
How long does it take to build: 52 days (?)
Chasing Planner Peace is a planner company that has expanded from selling planner inserts on Etsy, to offering a one-stop shop customizable planner experience with over 300 inserts, a planner line, and various other related products, gaining a monthly revenue of around $25,000 at its busiest time of year.
10. Start an online language coaching business
The world has become more globalized. Businesses have become cross-border, and executives have to travel to meet new customers. One thing that is obvious is that there is a need for language translation services.
If you have proficiency in one or more foreign languages then you can consider working as a language coach.
Teaching a language online is intensive as you have to meet and communicate with the audience often, and check their progress. If you are looking for an opportunity to earn working online, consider starting online language lessons.
How much you can make: $5,000 — $120,000/month
How much does it cost to start: $280 (?)
How long does it take to build: 33 days (?)
Andalus Institute is an online language learning institution that teaches Arabic to students in an average study period time of 15 months, unexpectedly crossing 6 figures in revenue within the first 6 months of launch and has since averaged $30,000 per month in revenue.
11. Start a jewelry product
Want a handcrafted business that combines creativity and commerce? Consider starting a jewelry business. Selling custom or unique pieces of jewelry allows you to showcase your artistic talent while tapping into a market that values individuality.
To get started, you need a basic set of tools for crafting your pieces, a good eye for design, and a supplier for materials like gemstones, metals, and beads. Online platforms like Etsy or your own ecommerce site can serve as marketplaces to reach a broad audience without the overhead of a physical store.
Marketing through social media, especially Instagram, can attract fashion-forward customers. By offering limited-edition or personalized pieces, you can build a loyal customer base. With some effort and creativity, a jewelry business can turn your artistic passion into a profitable venture.
How much you can make: $5,000 — $415,000/month
How long does it take to build: 200 days (?)
Taylor & Hart CEO Nikolay Piriankov tells the story of the company's journey from a diamond trading business to an award-winning, disruptive e-tailer of custom-designed, ethical engagement rings and fine jewelry, offering a bespoke design service through specifically developed technology online and instore, and growing to £4-6M in annual revenue.
12. Start a dropshipping business
Dropshipping is a business model where you sell products to customers without holding inventory.
Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.
To start a dropshipping business on a budget, choose a niche or category of products you want to sell.
Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.
Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $8,500 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 10 hours/week
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
13. Start a food delivery business
In today’s busy lifestyles and schedules, cooking is no longer a priority to many. People like to order-in food from their nearest restaurants or food joints and enjoy a meal in the comfort of their homes.
The food delivery business is like a courier service through which restaurants deliver food to their customers.
You can offer retail food delivery services to restaurants within your locality if you have a truck. Customers order through a restaurant or grocer’s website, and the owners contact you to deliver.
How much you can make: $14,000 — $1,500,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
Food Fleet grew over 160% in just one year and managed over 20 million in sales for its clients, securing multiple contracts with the likes of Sodexo, Levy Restaurants and more, due to its understanding of catering client needs and its advanced turnkey and design services.
14. Start a construction company
Running a construction company can be very rewarding and require hard work, attention to detail, and a hustle mentality.
Construction companies are responsible for building/designing a variety of apartments, buildings, properties, housing, infrastructure, facilities & developments, motorways, roads, paths, pavement, and more.
How much you can make: $40,001 — $10,000,000/month
How long does it take to build: 120 days (?)
Mountain Fire Woodworks founder Cameron Vilcsak shares how he used YouTube to promote his log cabins, chainsaw carvings, and passion for woodworking, culminating in one of his videos that has gone viral with over 25 million views and counting.
15. Start a mobile photography business
Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.
There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!
To start mobile photography in Armenia, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.
How much you can make: $2,000 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 190 days (?)
Photobooth Supply Co. offers a profitable business opportunity through their sleek and portable photo booths, with up to 97% satisfaction rate and a focus on customer experience, in a fast-growing event industry where photo booths are exploding.
16. Start a barber shop
Are you passionate about men’s grooming and looking to start a low-investment business with a high-profit margin? A barbershop can be a great business idea since it will never hit a low a season. Men and boys always look for grooming, no matter how bad the economy is.
Therefore, starting a barbershop can be a profitable business venture.
How much you can make: $125,000/month
Antonio Camilleri built Antonio's Barber Shop from a small two-chair operation to two locations servicing over 250 daily clients and €1.5M in annual revenue with a product line generating a 30% profit.
17. Start a consulting business
Consulting businesses are booming, more so than ever before, and seeing year-over-year growth. With an accumulated value of about $250B, the global consulting industry is one of the biggest markets within the professional services sector.
If you want to start your own consulting business with valuable insights from industry experts, reading about their entrepreneurial journey will help you decide how you should go about it.
How much you can make: $1,000 — $1,666,667/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.
18. Start a digital marketing business
Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.
If you plan to start a digital marketing business in Armenia, educate yourself and understand how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through online digital marketing courses.
To stand out, find a digital marketing niche and focus on the audience interested in your services.
How much you can make: $100 — $3,166,666/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
ProDigi is a digital marketing and production company with a 29-member team providing video production, social media marketing, and paid advertising services worldwide, and experiencing fast-paced development, boasting a gross margin of 27%, a profit margin of 16%, and winning contracted to companies such as Porsche and Audi after only 1.5 months.
19. Start a coffee cafe business
A coffee shop is a popular spot for customers to enjoy freshly brewed coffee, tea, and light snacks in a comfortable and welcoming environment.
These cafes are typically furnished with comfortable seating, free Wi-Fi, and a pleasant ambiance that provides a relaxed environment for people to gather, work or unwind.
To succeed in this business, it is essential to offer high-quality coffee, create a pleasant atmosphere, and provide excellent customer service.
With the increasing demand for specialty coffee experiences, starting a coffee cafe can be a lucrative business opportunity that caters to the widespread love for coffee and the need for communal spaces to enjoy it.
How much you can make: $13,000/month
How long does it take to build: 180 days (?)
Chicago based Ignite Technology and Innovation-owned Momentum Coffee & Coworking, which focuses on coffee, coworking, community, and event space, rakes in about $17-20k a month in revenue, mostly from online and offline advertising, and just celebrated their first anniversary, with plans to open 2 more locations in Chicago in under-resourced communities.
20. Start a real estate business
Are you a qualified architect with a broad range of knowledge in the real estate field? Starting a real estate business can be a profitable venture.
Real estate involves purchasing, selling, managing, or investing in land and buildings.
To become a successful real estate business owner, you must have finely honed visual awareness and a strong understanding of various building materials and structures.
How much you can make: $1,500 — $1,500,000/month
How long does it take to build: 180 days (?)
This case study is about T. C. Lewis & Co, a real estate investment and management firm that successfully diversified their approach to include sales, development, remodeling, and construction, with property management being the key to investor doors and organic growth.
21. Start an online language coaching business
The world has become more globalized. Businesses have become cross-border, and executives have to travel to meet new customers. One thing that is obvious is that there is a need for language translation services.
If you have proficiency in one or more foreign languages then you can consider working as a language coach.
Teaching a language online is intensive as you have to meet and communicate with the audience often, and check their progress. If you are looking for an opportunity to earn working online, consider starting online language lessons.
How much you can make: $5,000 — $120,000/month
How much does it cost to start: $280 (?)
How long does it take to build: 33 days (?)
Andalus Institute is an online language learning institution that teaches Arabic to students in an average study period time of 15 months, unexpectedly crossing 6 figures in revenue within the first 6 months of launch and has since averaged $30,000 per month in revenue.
22. Become a contractor website creator
A contractor website creator business is the best way to give yourself freedom and flexibility with your time. A contractor website is an important asset for companies like plumbers, electricians, painters, handymen, and other contractors. As a website creator, you can deliver this valuable digital asset, which is maintained and updated by you on a regular basis.
The contractor economy revolves around having a website. Worldwide Website Builders Market was valued at $1.5B in 2019 and it is growing rapidly. if you don’t have a website to promote your contracting business, you’re severely limiting your ability to get more work. Having a website reveals many aspects of your business including skill sets, and past projects, and most importantly it demonstrates credibility and trustworthiness.
How much does it cost to start: $300 (?)
How long does it take to build: 15 days (?)
23. Start a boutique
You may consider opening a boutique if you are passionate about the fashion and textile industry.
A boutique is a shop that sells clothes. Opening a boutique is a dream for entrepreneurs who want to experience the joy and freedom of owning a cash business. Starting a boutique is easy and can be managed by a single individual. In addition, a boutique requires a comparatively smaller capital to start.
To succeed, the boutique owner must coming creativity and passion.
How much you can make: $10,000 — $25,000/month
How much does it cost to start: $100 (?)
Boutique Rye is an online-only women's clothing and accessories boutique that has grown to 3,200 Facebook Group members and a successful website through organic customer sharing, live sales, and open communication with customers.
24. Start a cleaning business
Starting a cleaning business is an excellent opportunity to be your boss and make money doing what you love. This business is relatively easy to create and does not require much equipment or funds.
There are many cleaning services, so deciding what services (or combination of services) you will offer and what hours of the day or week those services will be available is essential.
To start cleaning service in Armenia, you’ll want to consider investing in professional cleaning equipment such as a vacuum cleaner, a quality mop, and a good cleaning bucket. You will also need to buy environment-friendly cleaning products such as detergent, bleach, paper towels, and trash bags.
How much you can make: $2,000 — $708,333/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 90 days (?)
A cleaning business founder, inspired by Warren Buffett, shares how he turned a $150K savings into Two Maids & A Mop, generating $25M in annual revenues, with 82 locations and almost 400,000 homes cleaned last year, by outworking and outpassioning others, and creating a customer feedback system that directly controls employee wages.
25. Start a children's clothing business
The children's clothing industry has grown rapidly over the last few years, and in 2022 was valued at $263.30 billion.
Starting a children's clothing business gives you the opportunity to be your own boss while working in a field you enjoy. While you have to be prepared to work long hours and put in lots of hard effort, it can be extremely rewarding if successful.
How much you can make: $500 — $1,333,333/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 190 days (?)
Argentinian startup Bambox has grown its monthly recurring revenue to $60,000 and ships more than 1,100 boxes of baby essentials a month, a figure expected to help it achieve an annual recurring revenue of about $750,000 in 2019, after launching its first subscription service in July 2017.
26. Start a cosmetic store
The cosmetic industry is growing rapidly. Starting a cosmetic shop can be highly profitable, but only if you stock trendy, skin-friendly products.
If you are passionate about the beauty industry, consider starting a cosmetics brick-and-mortar shop.
Cosmetic shops sell products ranging from anti-aging, aromatherapy, lotions, beauty spa, cosmetic store, and even make-up.
To start a cosmetic store, research the market and source products from well-known brands in the beauty industry.
How much you can make: $8,500/month
How much does it cost to start: $800 (?)
How long does it take to build: 60 days (?)
A former felon's passion for makeup and skincare led her to launch FBI Cosmetics, which has grossed over $62,000 in sales since July 2020, through social media marketing, brand partnerships, and online sales at Walmart.com.
27. Create a web development course
A web development course is an educational program designed to teach individuals the skills and knowledge needed to create and maintain websites and web applications.
These courses typically cover programming languages, such as HTML, CSS, and JavaScript, as well as frameworks, databases, and other tools relevant to web development. Courses may be offered by educational institutions, online platforms, or coding bootcamps, catering to beginners or those looking to enhance their existing skills in the field of web development.
How much you can make: $500 — $236,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
No Code MBA founder, Seth Kramer, has built a training platform for entrepreneurs who want to learn how to launch their very own businesses and build apps using no-code tools, recording over 150 real-world video lessons which have resulted in over 400 paid members in just 6-months and a focus on growing the No Code MBA community.
28. Start a clothes business
Starting a clothing manufacturing business can be a lucrative and great opportunity. In fact, clothing manufacturing is expected to grow due to increase demand for quality clothing items around the world.
It's important that you first determine your niche in the clothing manufacturing world, whether that be streetwear clothing, fitness and athletic, or leisure.
How much you can make: $5,000 — $25,000,000/month
How long does it take to build: 75 days (?)
Bryden is a clothing manufacturing agency that offers an end-to-end service to fashion brands all over the world, serving customers in over 20 countries and bringing in an average monthly revenue of $74,000 within just a few years of launching.
29. Start an IT company
Ever wondered what it's like to shape the digital world? Starting an IT company offers that very opportunity. In simple terms, an IT company provides technology services and solutions to businesses and individuals, ranging from software development to network management and cybersecurity.
The demand for IT services is undeniable and continues to grow as businesses increasingly rely on technology to operate efficiently. This business idea allows you to leverage your tech skills while addressing real needs in the marketplace.
Think long-term; building an IT company is hard work that involves staying current with fast-evolving technologies and maintaining strong client relationships. If you're ready to dive into a field that combines problem-solving and innovation, starting an IT company may be your next big move.
How much you can make: $500 — $4,166,667/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 105 days (?)
This case study features Md. Yousuf Ali, the founder of Rank Trends, who shares how he started a successful digital marketing agency, which generated a revenue of over $6k per month through SEO and video production services.
30. Start a children's footwear brand
Designing adorable and functional shoes for kids is more than just a business; it's a chance to shape childhood experiences. A children’s footwear brand focuses on creating comfortable, stylish, and durable shoes tailored specifically for young feet.
Starting a children's footwear brand involves market research, understanding the nuances of children's foot health, and keeping up with fashion trends. You'll need to partner with reliable manufacturers who can produce quality shoes that meet safety standards. Additionally, effective branding and engaging marketing strategies will be crucial to appealing to both kids and their parents.
This business idea appeals because it merges creativity with practicality, allowing you to make an impact on an essential aspect of children’s lives. While the startup process involves intricate details from design to distribution, the reward is a brand that kids love and parents trust.
How much you can make: $250,000 — $500,000/month
How long does it take to build: 195 days (?)
Stonz is a baby and children vegan footwear and accessories brand founded by Lisa Will, which started in 2004 and became a multimillion-dollar company with over 500 retail accounts, generating $185k in monthly sales.
31. Start a marketing agency
Marketing agencies can be a great option for businesses looking to advertise in different ways. For businesses, hiring a marketing company can help them achieve success as they don't have to spend money on employees or needed equipment. Marketing agencies are not inexpensive and there are many different variables that come into play when deciding which one is the best fit for your business.
You want to start a marketing agency, but don't know where to begin. You're not alone, there are thousands of entrepreneurs across the globe that have the same ambition. Luckily for you, compiled a list of how other agencies were able to grow their agency and scale effectively.
How much you can make: $1,300 — $8,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 45 days (?)
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
32. Start a health care training business
Health care training businesses provide a wide range of training programs to healthcare workers. They offer guidance on career preparation and assist workers in learning new skills to gain employment stability. The basic goal of healthcare training is to improve the performance of the employee and give the employer a trained and compassionate professional.
The health and wellness industry is growing rapidly especially after the global pandemic. There is never a shortage of challenges for the healthcare workers. Hence, continuous education is highly essential in health care sectors where there is high demand and growth in terms of new medical & technological advancement. Hence starting a health care training business can be highly profitable.
To start a healthcare training facility, you do not necessarily require a location, it can be set up virtually with proper planning, exposure, and advertisements, you can attract many customers. The customers may range from hospitals, medical schools, managed care companies, and national medical specialty societies.
There are several courses available online to learn how to deliver healthcare training. An ideal healthcare trainer should be excel in people management and should be able to plan, execute and manage to deliver training programs to a large group of participants. The average Healthcare Trainer's salary is $45,000.
How much you can make: $15,000 — $90,000/month
VORTTX Training and Testing is a virtual emergency response training system generating 1% of its market potential of one hundred million dollars a year in its second year of full-time operation through utilizing email marketing, trade shows, trade events, referrals, personalized LinkedIn messages, and featuring testimonials from early adopters.
33. Start a food truck
Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.
To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.
How much you can make: $30,000 — $1,500,000/month
How long does it take to build: 60 days (?)
Time commitment per week: Min. 5 hours/week
Food Fleet grew over 160% in just one year and managed over 20 million in sales for its clients, securing multiple contracts with the likes of Sodexo, Levy Restaurants and more, due to its understanding of catering client needs and its advanced turnkey and design services.
34. Start a travel agency
Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.
As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.
Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.
To maximize earnings, negotiate discounts from the industry service providers, and charge travelers within the market rate.
How much you can make: $1,000 — $1,500,000/month
How much does it cost to start: $1,250 (?)
How long does it take to build: 90 days (?)
Marissa Daniels runs a successful travel agency, Spread Your Wings Travel, that hit $100,000 in sales within a year of launch and provides payment plan options for its all-inclusive vacations, and she hopes to help 100 families supplement their income through the business.
35. Start a financial consulting business
Financial consulting is a business that helps individuals and businesses manage their financial affairs. Managing financial affairs include creating financial plans, analyzing financial data, and advising investment and financial decision-making.
To start a financial consulting business, you will need a strong understanding of financial principles and practices and excellent communication and problem-solving skills. You may also need to obtain necessary licenses or certifications, such as a Certified Financial Planner (CFP) designation.
To start the business, you must create a business plan, establish a business structure (such as a sole proprietorship or LLC), and identify your target market. You may also need to secure financing and create a marketing plan to attract clients. It is also important to network with other professionals in the financial industry and stay up-to-date on the latest trends and developments in the field.
How much you can make: $12,000 — $2,000,000/month
How long does it take to build: 150 days (?)
ProjectionHub helps entrepreneurs create financial projections using a library of 50+ CPA-developed financial projection spreadsheet templates, generating over $20,000 per month in revenue without the need for software subscription models.
36. Start a telecommunications business
The telecommunication business involves the development, ownership, or operation of one or more telephone, telecommunications or information systems. Typically, telecom companies provide infrastructure to enable clients to transmit voice, video, and data.
To start a telecommunication business, you need telecommunication skills.
How much you can make: $150,000 — $840,000/month
How long does it take to build: 412 days (?)
United World Telecoms' founder saw explosive growth potential in the international callback industry and has since created a virtual phone system, partnered with over 2000 businesses worldwide, and uses Google Ads, SEO, and email marketing to promote customer satisfaction.
37. Start a hotels business
If you are considering starting a hotel, then it is time to implement your plan. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.
Here are some tips to consider before forming a hotel:
- Name your business
- Decide on a marketing strategy
- Start by renting out a room in your home.
- Hire a business capital broker
- Try Airbnb
- Make a marketing plan
- Offer complementary services
How much you can make: $15,000 — $500,000/month
How long does it take to build: 325 days (?)
Boyd Hollow Resorts is launching a 5-star boutique resort and event center based on a fiction book that will be the first of many Villages to be built around the world, with over 200 event inquiries received before launching.
38. Start a health insurance business
Starting a health insurance business can be a lucrative and rewarding endeavor. As the healthcare industry continues to evolve, the demand for affordable and comprehensive health insurance plans is higher than ever.
To start a health insurance business, you must obtain a license to sell insurance in your state. This typically requires completing an insurance training program and passing an exam. You will also need to work with insurance carriers to create plans and negotiate rates.
To run a successful health insurance business, it is important to have a strong understanding of the healthcare industry and the various types of health insurance plans available. You should also be able to communicate effectively with clients and help them understand their options.
In addition to selling insurance, you may also need to manage claims and handle customer service inquiries. Strong organizational and customer service skills will be essential to running a successful health insurance business.
Starting a health insurance business requires a combination of knowledge, skills, and resources. With dedication and hard work, you can build a thriving business that helps individuals and families protect their health and financial well-being.
How much does it cost to start: $500 (?)
How long does it take to build: 90 days (?)
39. Start a grocery store
A grocery store sells a wide variety of food products, fresh or packaged, and other household & personal care items. The grocery store industry is the largest retail channel that makes $682 billion in the United States.
To start a basic grocery store, you can expect to spend a minimum of $50,000. Ideally, the bigger expense would be the rent, equipment, labor cost, cash registers/POS systems, and software. Some of these are recurring monthly fees. However, the location, size of the store, competitors, and local customers will significantly impact the business. A new grocer should sell more items for a lower price to make a more significant profit.
A new grocer can also save costs by buying the items from local distributors. The distributor is the middleman between the manufacturer and the grocery store selling it. Once the store cost and location are decided, the next step is to obtain a seller license. In most states, a grocer's license is required to run a grocery store.
Thus an average grocery store has a profit margin of 3% to 5%. The profit rates depend on the store's location, size, and popularity. On average, a small to medium grocery store can make a profit of up to $300,000 annually if all the profit factors are considered.
Another way to make your business more profitable is to diversify your store and add amenities like a coffee shop or stocking up the front of the store with magazines, batteries, etc., as these items can cross a margin of up to 70%. As a rule of thumb, offering lower prices on higher purchases will ultimately win more customers and increase profitability.
40. Start a gym
Over the last decade, more people across the globe have become self-aware of the importance associated with living a healthy lifestyle.
As a result, the gym has become a trend for millions of people, leading to a rapid increase in the size and popularity of the global fitness industry. According to statistics, the global fitness club industry is worth over $96 billion.
Therefore, starting a gym could be a great business opportunity.
How much you can make: $20,000 — $1,200,000/month
How long does it take to build: 200 days (?)
Live Fit, a personal training company founded in 2011, grew from earning $80,000 in their first year with two trainers to earning over $760,000 in 2019 with 12 trainers and two locations, thanks to a focus on building trusting relationships and providing a variety of services to clients.
41. Start a restaurant
If you love cooking and are passionate about entrepreneurship, starting a restaurant can be a fun and lucrative business.
To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food and line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills to make your dream come true.
If you plan to open a restaurant in Armenia, gain insight from consumer preferences and focus on serving modern consumers what they need.
How much you can make: $124,998 — $2,000,000/month
How long does it take to build: 120 days (?)
One Life Meals is a Toronto-based healthy meal delivery service that made 14,500 meals per month and generated $130k in monthly sales in 2018 through their one-on-one consultation, lean protein and seasonal veggies-based meals, and their focus on the client experience.
42. Start an auto repair business
Many people just love to tinker with, fix and repair cars. This is an all-consuming hobby for some people. They like to take things apart and figure out how things work. The process of fixing and repairing cars is almost therapeutic for them.
An auto repair business is a rewarding way to make extra money or build an entire business.
You can do it in the comforts of your own home, working around your schedule and getting paid handsomely for it. The United States automotive service market is expected to reach $75B by 2026.
How much you can make: $415,000/month
How long does it take to build: 40 days (?)
Finish Line Towing & Auto Repair is Wisconsin's largest roadside assistance provider, bringing in $5 million in annual sales through its dedication to customer service, effective dispatching, and clean service, with a goal of expanding to other markets in Wisconsin and Illinois.
43. Start a car washing and detailing business
The carwash business is already a multi-billion-dollar industry with room for growth.
With the number of vehicles per household increasing daily, starting a car wash and detailing business could be a profitable idea.
If you have a piece of vacant land in the right location, you can get into the carwash business. You can set up an in-bay automatic carwash, self-washing carwash, touch-free carwash, or a wide range of other options.
How much you can make: $5,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
Learn how former tech salesman, Matt Paskow, left the industry to start Fresh Look Mobile Auto Detailing, a profitable mobile auto detailing business generating around $5k per month that focuses solely on SEO, Google AdWords, and Google My Business for marketing.
44. Open an ice cream parlour
Ice cream is something that people of all ages equally enjoy globally, making it a profitable business to venture into.
This frozen dessert industry has registered massive growth in recent years, a trend that shows the industry’s potential.
If you are looking to start your ice cream business in Armenia, follow these steps:
- Decide whether to make your ice cream or to source from established ice cream brands
- Write an effective business plan for the ice cream shop detailing the goals, strategies, and plans
- Fund your business idea
- Choose a spacious shop in an area with plenty of foot traffic
- Offer different ice cream flavors
Opening an ice cream parlor is not easy work. However, if you do it right, it is rewarding and can be a lot of fun.
How much you can make: $16,000 — $400,000/month
How long does it take to build: 730 days (?)
The Good Scoop, a California-based artisanal ice cream shop, started with a small Italian countertop ice cream maker and now has a production facility, wholesaling to various venues, offering frequent scooper programs, and using Instagram as their primary advertising platform.
45. Become a yoga instructor
The first step to becoming a yoga instructor is obtaining a certification from an instructor-affiliated institution near you. Your next step should be drawing up a business plan considering various projections. Finally, determine whether to open a brick-and-mortar establishment, offer online yoga classes, or a hybrid model.
The option has far more responsibilities for brick-and-mortar establishments, like paying rent and utility expenses. Also, check business-zoning requirements and acquire the required licenses. Proper marketing strategies will help you build clientele fast and grow your business.
How much you can make: $59,000 — $60,000/month
How long does it take to build: 282 days (?)
Live Fit, a personal training company founded in 2011, grew from earning $80,000 in their first year with two trainers to earning over $760,000 in 2019 with 12 trainers and two locations, thanks to a focus on building trusting relationships and providing a variety of services to clients.
46. Start a herbal and natural products business
In a world increasingly conscious of what we put into our bodies, a herbal and natural products business stands out as a wise investment. Offering a range of products from organic teas to all-natural skincare, this venture taps into the growing demand for wellness and sustainability.
Starting this business involves sourcing high-quality, natural ingredients and crafting or reselling products that improve well-being. It's more than a business; it’s a lifestyle commitment to health and eco-friendliness.
Customers are drawn to products that promise fewer chemicals and more benefits. By emphasizing transparency and quality, you can build a loyal customer base.
Setting up an online store and leveraging social media can amplify your reach. The startup cost can be low, focusing on compelling marketing and robust supply chains. If you're passionate about health, going natural could be your next successful endeavor.
How much you can make: $39,999 — $500,000/month
How long does it take to build: 60 days (?)
Lost Empire Herbs co-founder and CEO Logan Christopher shares how he built an ecommerce business specializing in high-quality, phyto-androgenic herbs that support hormone systems, going from zero to mid-seven figures in revenue, and discusses strategies including affiliate marketing and email-and-content marketing.
47. Start a dry cleaners business
Dry cleaning is a business that takes clothing, linens, and other fabrics and cleans them with no water. The dry cleaning process uses chemicals to clean the fabric and make it look new again. This process can remove stains, soil, and odors from your clothes.
People will always need their clothes washed so that this business model can succeed. Starting a dry cleaning business is a great way to enter the industry.
To maximize profitability, offer multiple services beyond the typical dry cleaning like wash and fold service.
How much you can make: $26,500 — $100,000/month
How long does it take to build: 70 days (?)
Pick My Laundry, India's on-demand laundry and dry-cleaning service provider has developed a mobile app and website serving almost 50,000 customers in its first year after signing up 100 third-party laundry services and franchising its model with over 50 franchises across more than 15 Indian cities.
48. Start a car rental business
Starting a car rental business can be a profitable venture for those interested in the auto industry.
Retail and corporate are the main segments within the car rental industry. Retail car rentals focus on individuals who rent cars for shorter periods, while corporate car rental targets companies that want to transport clients or employees.
If you are starting a car rental business in Armenia, target airports, hotels, railway stations, commercial offices, and other high-traffic areas.
Market your business, hire employees who will manage the operations and keep records, and purchase business insurance for both cars and employees.
How much you can make: $870 — $10,000/month
How long does it take to build: 135 days (?)
ROAMERICA, a campervan rental company founded by Taylor Hood and Gretchen Bayless who quit their full-time jobs to focus on their business and have expanded their fleet quickly to meet the demand of adventure-seeking customers, with most of their web traffic coming from organic Google searches and a focus on social media and brand awareness.
49. Start a packing business
A packing business focuses on designing, creating, and labeling packages. The business ultimately protects the products for sale, transportation, distribution, storage, and use.
To start a packaging business, get clear on the services you offer. Design the packages, test, and research if the packaging works for your customers. You may need to refine the packaging to keep the customers satisfied.
50. Start a kids store
The kid's store business is a large market attracting millions of annual global sales and steady growth. If you plan to start a kids store business, you can specialize in clothing, toys, and accessories or sell all of these in one store.
Research the local market to discover what is appealing, and find the best suppliers. Define a business model and apply for applicable licensing. For kids apparel stores, a physical storefront acts as an anchor and helps build a local customer base. An online store will help you reach a wider market as you supply to those outside your locality.
How much you can make: $1,250 — $1,000,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 60 days (?)
A high school student turned his love for LEGO into a $1.6k/month business, Summerfield's Toys, by reselling sets online through eBay, BrickLink, and Facebook Marketplace, in addition to buying and reselling brand new sets.
51. Start an oil production business
The oil manufacturing business is highly profitable small scale business and can be started with little money. Oil is used for various purposes like cooking, manufacturing soaps, cosmetics & hair products.
Oil can either be produced at home or in manufacturing units depending on the scale you want. The most important aspect is maintaining consistency in quality & hygiene standards. If that is maintained then you can easily create your own brand of oils & even start exporting.
How much you can make: $29,000/month
How much does it cost to start: $4,970 (?)
How long does it take to build: 60 days (?)
Thulisa Naturals founder, Anusha Moodley, shares the journey of building her natural bath and body product company, which boasts a 25% post-tax profit after generating $29k in monthly revenue and expanding into 123 retail stores across the US.
52. Start a car rental business
Starting a car rental business can be a profitable venture for those interested in the auto industry.
Retail and corporate are the main segments within the car rental industry. Retail car rentals focus on individuals who rent cars for shorter periods, while corporate car rental targets companies that want to transport clients or employees.
If you are starting a car rental business in Armenia, target airports, hotels, railway stations, commercial offices, and other high-traffic areas.
Market your business, hire employees who will manage the operations and keep records, and purchase business insurance for both cars and employees.
How much you can make: $870 — $10,000/month
How long does it take to build: 135 days (?)
ROAMERICA, a campervan rental company founded by Taylor Hood and Gretchen Bayless who quit their full-time jobs to focus on their business and have expanded their fleet quickly to meet the demand of adventure-seeking customers, with most of their web traffic coming from organic Google searches and a focus on social media and brand awareness.
53. Sell car accessories
A car accessories business is a retail store or online shop selling various automobile products and services. These include car stereos, GPS systems, seat covers, dashboard covers, floor mats, and more. Running a successful car accessories business requires a good understanding of the automotive industry and a keen eye for the latest trends and technologies. It is also essential to have a wide selection of products available for customers to choose from and to be able to offer installation services if necessary.
One essential tip for running a successful car accessories business is establishing relationships with local auto repair shops and dealerships. This can help to increase customer traffic and provide a steady stream of business. It is also essential to focus on customer service and to be able to offer advice and recommendations to customers based on their specific needs and preferences.
Another tip is to stay updated on the latest products and technologies in the automotive industry. This can help attract and retain customers looking for the most current and advanced products. Overall, a car accessories business can be a lucrative and fulfilling venture for entrepreneurs who are passionate about automobiles and want to help customers enhance and personalize their vehicles.
How much you can make: $5,000 — $202,000/month
How long does it take to build: 365 days (?)
UnbuckleMe is a profitable business that has created an innovative tool to open kids' car seat buckles, generating a monthly revenue of $60K and attracting a range of customers from grandparents to parents with freshly done nails.
54. Become a bags manufacturer
Starting a bag making business is one of the most profitable and easiest industries to start your business. You can choose to manufacture bags of multiple materials. One of the categories gaining prominence is eco-friendly bags. With the rising toxicity and pollution levels in the environment, eco-friendly products have become the need of the hour. Consumers are shifting away from plastic bags and looking for alternative materials.
You can produce loads of alternatives from plastic bags like- Paper, Jute, and canvas clothes which are much more durable.
55. Start a travel consulting business
Many people dream of traveling the world. Starting a travel consulting business is an excellent way to make a passive income, explore different parts of the world, and help others do the same.
As a travel consultant, you will provide advice to clients on various aspects of travel, including destinations, airfare, accommodations, and activities.
The objective is to assist tourists and travelers in planning personalized vacations, offer travel advice, and provide end-to-end travel arrangements for a fee.
By making use of industry knowledge and relationships with hotels, airlines, and destination experts, travel consultants can save their clients time and effort in designing their dream trips.
How much you can make: $20,000 — $1,500,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 90 days (?)
Travel blogger turns four profitable blogs into a six-figure business, increasing income by 3,113% from 2021 to 2022, and now teaches others how to scale quickly using her techniques.
56. Start a business incubator
The popularity of incubators is on the rise. Today, start-ups and small businesses have unique needs because they have limited resources and often need professional help to get started. You can design your business incubator by leveraging your experiences as an entrepreneur.
Listed are the steps to start an incubator business.
- Plan your business
- Secure all needed permits and licenses
- Hire needed staffs
- Promote your business
How much you can make: $6,800/month
Hutch, founded by Fearless, is a 24-month program that helps minority and women entrepreneurs in government digital services; the program has had 9 graduates, 11 company founders in current two cohorts, and 20 companies within its portfolio.
57. Start a bakery
Everyone loves baked goods, be it sweet items like cakes, muffins, and cookies or savory baked food like pizzas, buns, bread, and puff pastry. Baking takes a lot of effort and patience, which is why many people buy baked items from stores or restaurants instead of baking them at home.
Starting a bakery can be a rewarding business opportunity if you have a passion for baking. If you plan to start a bakery, consider that happy customers often become repeat customers. Therefore, always focus on quality and work on customer satisfaction.
To start a bakery in Armenia, pick an ideal format. Some options include:
- Counter-style bakery
- A hybrid bakery with a cafe,
- Food truck with a bakery
- Home bakery.
Write a suitable business plan and choose the correct location.
How much you can make: $2,500 — $25,000/month
How much does it cost to start: $1,250 (?)
How long does it take to build: 75 days (?)
French chef and founder of online bakery Pastreez, Anthony Rosemond, shares keys to success including validating ideas with the market, focusing on SEO and organic growth, building customer relationships through email and SMS, never offering discounts but offering freebies, and diversifying the business with new products and content on social media.
58. Start a crypto loan service
Crypto loans are a great alternative to traditional loans. They are quick, transparent and have low-interest rates. However, they can be difficult to apply for, because they require the borrower to provide more information than traditional loans.
A crypto loan service creates a personalized experience for clients who borrow crypto loans. You can make their process smooth, transparent and efficient by providing them with a complete loan application, matching them with the right lender, and executing their loan quickly.
You can launch your own crypto loan service on this platform
59. Start a cosmetic store
The cosmetic industry is growing rapidly. Starting a cosmetic shop can be highly profitable, but only if you stock trendy, skin-friendly products.
If you are passionate about the beauty industry, consider starting a cosmetics brick-and-mortar shop.
Cosmetic shops sell products ranging from anti-aging, aromatherapy, lotions, beauty spa, cosmetic store, and even make-up.
To start a cosmetic store, research the market and source products from well-known brands in the beauty industry.
How much you can make: $8,500/month
How much does it cost to start: $800 (?)
How long does it take to build: 60 days (?)
A former felon's passion for makeup and skincare led her to launch FBI Cosmetics, which has grossed over $62,000 in sales since July 2020, through social media marketing, brand partnerships, and online sales at Walmart.com.
60. Start a mobile phone cases & accessories kiosk
The increasing adoption of mobile phones and other handheld devices has created a secondary demand for phone accessories. Experts project the mobile phone accessories market will reach $166 Billion in the next decade.
High-demand mobile phone accessories include phone cases, batteries, headphones, portable speakers, etc.
Opening a mobile phone accessories kiosk can be a profitable way to make money. Do you plan to start a mobile phone accessories kiosk? Find a busy shopping mall where people buy phones. You can sell mobile phone accessories in retail or wholesale only.
How much you can make: $125,000/month
Phone Loops founder Jean-Philippe Brousseau developed and launched his first product after realizing how often he dropped his phone and caused costly repairs, and to date, the company has sold over one million Loops in 66 countries.
61. Start a massage parlour business
A massage parlor is a business that provides massage services to customers. These services can include traditional massage techniques such as Swedish or deep tissue and more specialized treatments like hot stone or reflexology.
To start a massage parlor, you will need a few key things. First and foremost, you will need to obtain any necessary licenses and permits from your local government. Depending on your location, this may include a business license and a massage therapy license.
Next, you will need to find a suitable location for your business. A convenient location should be a space that is easily accessible to your target customer base and has enough room for treatment rooms and possibly a reception area.
You will also need to invest in equipment, such as massage tables and chairs, and supplies, like massage oil and towels. Choosing high-quality products that will provide a comfortable experience for your clients is crucial.
Finally, you will need to advertise your business and attract customers. You can promote through various methods, such as social media marketing, local advertising, and word-of-mouth referrals.
To start a massage parlor, it is essential to research and ensure that you have all the necessary licenses and permits in place. Once you have these in place, you can focus on finding a suitable location, purchasing equipment, and supplies, and promoting your business to attract customers.
With hard work and dedication, you can create a successful massage parlor that provides relaxation and rejuvenation to your clients.
How much you can make: $11,300 — $250,000/month
How long does it take to build: 70 days (?)
Founder of a high-end escort service in The Netherlands discusses the ups and downs of running a controversial business, with revenue reaching multi-million dollars annually and a focus on creating a professional and intimate experience for clients.
62. Start a legal services business
Cryptocurrency lawyers are professionals who offer sophisticated and knowledgeable legal counsel to clients navigating the rapidly evolving cryptocurrency and blockchain space. They provide clients guidance concerning litigation, money transmission, token offerings, and other crypto-related issues.
To become a cryptocurrency lawyer, you should have in-depth knowledge about token issues. Besides, you should have a certified degree of law from an accredited institution. Lawmakers in Washington D.C. and across the world continue figuring out how to establish laws and guidelines to make crypto safer for investors and less appealing to cybercriminals.
Therefore, this is a great opportunity for crypto lawyers to participate in shaping the future of crypto transactions.
How much you can make: $4,500 — $750,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 180 days (?)
This case study follows the growth from scratch of a Personal Injury and Criminal Defense law firm that started from direct mail campaigns and has now expanded into a multi-million dollar-a-year business with the goal of becoming an 8 figure firm, while maintaining a customer-centric approach and fostering a culture of innovation and excellence.
63. Start a craft business
If you have artistic passion and the skills to make unique art, consider starting a craft business. Craft businesses make jewelry, clothing design, card making, painting, sculpting, ceramics, among others.
According to research, the global handicraft market size will reach over $1252 billion in the next decade.
The best websites to sell your crafts include:
How much you can make: $1,000 — $80,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 30 days (?)
A patch embroidery business based in New York City has grown to earn $6,500 per month on average within 18 months of starting, thanks to no custom embroidered minimum patches and a strong Instagram presence, with a future focus on B2B customers.
64. Start an auto parts shop
If you want to start a retail business in the automobile industry, consider an auto parts business in Armenia.
The auto parts business is one of the most successful businesses in the world. There are many Auto Parts Businesses in the United States, Canada, and the UK, where most are part-time.
Listed are the steps on how to start an auto parts shop business.
- Pick a location
- Do your market research
- Secure all permits and licenses
- Open a bank account for business transactions
How much you can make: $9,000 — $1,200,000/month
How long does it take to build: 365 days (?)
This case study follows an inspiring 22-year-old entrepreneur who started an eCommerce store for aftermarket vehicle accessories, making 5x the amount of money he used to make per month, and generated over $90,000 in sales last year.
65. Start a taxi cab business
If you are an experienced driver and know your city well, starting a taxi cab business can be a very lucrative side hustle.
Here are the steps on how to start a taxi cab business.
- Secure your business licenses
- Secure financing and purchasing equipment
- Purchase a commercial insurance
How much you can make: $250,000/month
Albert Williams grew a $3.5 million transportation company, The Best Deal, from a niche transportation sector; he attributes the company's success to providing excellent service and committing to continuous learning.
66. Become a ghost blogger
A ghost blogger is simply a writer who specializes in producing blogs for other people.
As a ghost blogger, you can earn between $300 and $1,500 per week, depending on word count and topic.
Ideally, the ideas and knowledge contained in the article originate from the publicly named author.
Therefore, as a ghostwriter, your role is to put the ideas into words.
How much you can make: $450 — $24,000/month
How much does it cost to start: $175 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Content strategist Lacy Boggs leveraged her love of blogging and desire for a more flexible schedule to grow her business from a solo "Ghost Blogger" to a full agency with four writers and a cabal of contractors that helps businesses create bespoke content strategies and consistent traffic, yielding over a ($300k) year in revenue.
67. Start a virtual call center business
Do you enjoy helping people and talking on the phone? If you want a business that provides flexibility regarding working location and time, consider starting a virtual call center business.
A virtual call center can be a lucrative low capital and a work-from-home business. Here is a list of what you need to start a virtual call center business:
- Select a specialty area/niche
- Buy computers and call center software
- Find clients
- Focus on growing your business
When starting a virtual call center business, some clients may require you to use their defined call center software.
How much you can make: $833,333 — $840,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 365 days (?)
United World Telecoms' founder saw explosive growth potential in the international callback industry and has since created a virtual phone system, partnered with over 2000 businesses worldwide, and uses Google Ads, SEO, and email marketing to promote customer satisfaction.
68. Start a shoes wholesaling supply business
Thinking about diving into the world of shoes wholesaling supply? This business involves sourcing bulk quantities of footwear from manufacturers and distributing them to retailers and other businesses.
The concept is straightforward: you purchase shoes in large volumes at discounted rates and then supply them to retail stores or online sellers, who in turn sell them to end consumers. This middleman role allows you to leverage relationships with manufacturers and retailers, creating a lucrative network.
You'll need to establish connections with reliable manufacturers, understand market trends, and maintain a catalog of in-demand styles. While some initial capital and effort in relationship-building are required, the potential for consistent cash flow and scalability makes this a compelling option for aspiring entrepreneurs.
The need for quality, affordable footwear is perpetual, offering ongoing business opportunities. If you have an eye for fashion and a knack for negotiation, this could be your chance to step into a profitable industry.
How much you can make: $4,000/month
How much does it cost to start: $700 (?)
Susannah Davda explains how she started a niche consultancy business helping people start shoe brands, earning $3.5k per month through personalized services and a highly successful online course.
69. Start a medical store business
A medical store is a retail establishment that sells healthcare products, medicines, and wellness items.
These stores typically provide a range of over-the-counter and prescription medications, along with health and hygiene products like vitamins, first aid supplies, and personal care items.
For someone interested in starting this business, it offers the opportunity to serve the community by providing essential health-related products and contributing to public well-being.
The medical store business is lucrative due to the consistent demand for healthcare items, and as people prioritize their health, the market for these products remains stable, making it a promising venture for aspiring entrepreneurs.
How much you can make: $84,999/month
How long does it take to build: 30 days (?)
A health supplement company established in 2017, with revenue streams from different brands, aims to hit the 1 million EUR mark this financial year, having shipped orders to over 30 countries with over 20 products on its main sales site, primarily from organic traffic, and building trust and brand authority organically.
70. Sell building materials
A building material business trades materials used in the construction industry.
The building materials include loose rocks, sand, iron, bricks, cement, poles, cement, and all other materials the building contractors need. Your target market will be building and construction managers, hardware, and contractors.
To promote your business, get featured in industry magazines and online forums. Create a website and ensure an active online presence through social media and SEO.
How much you can make: $20,000/month
Startup Mini Materials sells miniature masonry and woodworking supplies with a cult following gained through viral videos, social media and email newsletters.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
