Interested in starting a business in Cayman Islands in 2022?
We put together 54 of the best businesses you can start in Cayman Islands today.
In this list of ideas, you can find:
- Home-based businesses to start in Cayman Islands
- Profitable online business ideas
- Unique business opportunities for Cayman Islands
- Low investment business ideas (under $5k to start)
- Easy businesses you can start in Cayman Islands 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 Cayman Islands.
Here's the full list:
1. Start a podcast ($36.6K/month)
Do you have knowledge and passion that you'd love to share with other people? Or perhaps you are a content creator and looking for ways to expand your revenue streams? If you match any of these criteria, then becoming a podcast host could be the perfect opportunity for you.
Podcasts are the new radio. Podcasting is one of the fastest-growing mediums for online audio, and it's not expected to slow down any time soon. But unlike traditional radio, podcasts are driven by content creators who have a passion for sharing stories with their listeners.
One of the main benefits that come with starting a podcast is the minimal investment needed to get started. All you need is a computer or phone with a microphone and a way to host it online. You can even create one on your own website if you want.
Hey there! I’m Jeremy Enns, the founder and Storyteller In Chief at Counterweight Creative, a podcast production and strategy agency.
I started the company 3 years ago, in 2016 with one client, making $15/hour and have grown into a team of 10 contractors producing more than 30 shows per week with revenue of over $10K/mo.
2. Start an online video editing business ($4K/month)
Hey, I am Sabba and I am the co-founder of VEED.IO along with my partner in crime Tim. We are a London-based bootstrapped startup. Our web app, VEED, is a simple online video editing platform that allows users to do a bunch of cool stuff like auto subtitle videos, add video effects, add music, trim, rotate videos and much more all in the browser.
We launched just over a year ago, started charging 4 months ago and as of this interview, we are at $5,300 MRR and are just about profitable (Ramen profitable).
3. Start an ecommerce platform ($304K/month)
I am Jean-Loup Karst, the co-founder of Secret. Secret is the first platform of exclusive deals on services and software for startups. Entrepreneurs can sign up and save up to $50,000 on 70+ SaaS deals (Airtable, Pipedrive, Mailjet, etc.). It’s 100% free! It's a no-brainer.
When we launched our beta in April, our 100+ first users paid an annual subscription of $50 per year (roughly 1% conversion rate on our website). We generated $5K+ in revenue and decided to switch to a free model to grow user acquisition faster through network effects and monetize the database later through premium deals and affiliation with our partners.
4. Start an affiliate marketing business ($290K/month)
Are you looking for a side hustle that will pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long-term.
To get started, learn how to find the right product and find the right brand to partner with. You may prefer becoming an affiliate marketer for an eCommerce store or partner with a manufacturer, and market their products for a commission.
My name is Patrick Hess and I am the creator of Bar Games 101, a website about a wide variety of games to play with your friends and family.
As our library of game-focused content expands, traffic is increasing as well, with over 200K monthly unique visitors and revenue over $4,000 for the month of August.
5. Start a travel agency ($138K/month)
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 travellers within the market rate
Hey! My name is Marissa Daniels, and I am a millennial travel agent! I began Spread Your Wings Travel in February of 2019. Prior to 2019, I wanted an extra source of income just to have an extra cushion. I did mystery shopping, took surveys online, drove for Postmates and DoorDash, worked at a grocery store, anything I could find for extra money. I also did, and still do Brand Ambassador events as well- but those things didn’t fulfill me. I was doing them to get extra money, but it didn’t have a purpose and it wasn’t paying me as much as I wanted, so I stopped it all and just gave it to God. I let Him handle it.
Spread Your Wings Travel offers all-inclusive vacations (most under $1000 per person), cruises, luxury villas, cabins, domestic travel and more! The main thing that people like about my business is that I have a payment plan option. I like to have that option for them because not everyone is able to pay for a vacation upfront.
6. Start a graphic design business ($43.8K/month)
Graphic designers create logos, brochures, ads, and other marketing materials for companies and organizations. They also design websites and other digital content, including social media graphics.
Graphic designers may specialize in one type of design (such as print or web design), or they can be generalists who do everything from logo design to social media graphics.
Starting a graphic design business can be one of the most rewarding things you'll ever do. It's not easy, but if you're passionate about design and want to make a living from it, starting your own graphic design business is a great way to go.
When you are starting a graphic design business in Cayman Islands, consider a suitable pricing structure. You may charge the customers per hour or fixed pricing based on the project's nature.
There are so many project examples but an interesting one in the early years was a portable vacuum to clean up dog poop when you walk your day. It was called the “Vacapoo”
7. Start an IT company ($10K/month)
My name is Marvin Hosea, I have been developing software for more than five years now and I am the founder and lead at Apps: Lab KE. We are a team of expert software developers, data analysts, and designers specializing in problem-solving using technology and data for businesses and communities.
We are good at what we do and that is software development as stated by our slogan Heart of Tech
8. Start a freelancer platform ($1.21M/month)
Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.
The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025. While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.
With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.
Hello! I’m one of the co-founders of CloudDevs. We started this company in 2019 with a mission to change things around in the tech talent-hiring industry. We launched for sales in March of 2020, right before the initial lockdown due to the Covid 19 pandemic.
We are proud to say that within our first year of sales, we reached 1 Million USD in GMV, and we are aiming higher this year.
9. Start a niche web design business ($63.8K/month)
Niche web design business focuses on a specialized market such as law, home improvement, videography, fashion, etc. typically, when a web designer niches down their services, they are simply choosing to concentrate on one industry and create websites for businesses within the particular niche. To become a niche web designer, consider honing the following skills and personal qualities:
- Strong communication skills
- Analytical thinking and problem-solving skills
- Teamwork and research skills
- Attention to detail
Narrowing your focus to a particular niche gives you a higher chance at becoming a recognized expert and places you in a better position to charge more for your services.
Hi, I'm Scott and I am the founder of Up And Social, a Boston web design and SEO company that specializes in helping small businesses.
Currently, we’re doing over $20,000 in sales each month and continue to grow at a comfortable pace.
10. Start a mobile photography ($40.1K/month)
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 Cayman Islands, 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.
Hi! My name is Tsour Lee Adato and I am the founder of Pro Photo Studio. I started my product photography business over 5 years ago while living in New York. Pro Photo Studio specializes in high-end commercial photography and also caters to the average eCommerce online seller who sells on platforms like Amazon and Etsy.
The company began realizing a profit very quickly, in the first quarter after opening and year over year profits have increased while the cost of customer acquisition has decreased. Currently, the company makes approximately $350k per year and is on its way to becoming a 7 figure business.
11. Start a real estate business ($617K/month)
My name is Cory Lewis, and my company is called T. C. Lewis & Co. We are a real estate investment and management firm operating mainly in the Appalachian mountain region of the Southeastern United States. We are a licensed real estate brokerage in multiple states, and that allows us to identify, project, negotiate, and broker deals for our clients for commercial and investment properties. Following the acquisition, we manage the performance of the investment and/or the improvements to the investment through our Property Management and Construction Divisions. We now represent clients from all over the world investing in the Appalachians.
We now have a small corporate office in downtown Asheville, North Carolina supporting regional offices around the Appalachians. The firm has been named to Inc. magazine’s list of the Fastest Growing Privately Held Companies in America (no. 128), seventh fastest growing real estate company in America, named to the Financial Times inaugural 1000 Fastest Growing Businesses in the Americas list, named Best of Property Management for eight years running, named Community Supporter of the Year, been given the Tennessee Small Business Excellence Award, named Builder of the Year, named One of the 10 Best Brokers in Tennessee, and various other recognitions.
12. Start a content writing company ($30.2K/month)
Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.
Becoming a content writer allows you to work as your own boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.
Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.
To start a content writing company in Cayman Islands, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline the operations.
Hi! My name's Dani, founder of Scribly.io - you can’t see me but I’m waving at you 👋
Last month Scribly.io topped $14K monthly revenue. That was a really big moment for me, and a bit of a turning point. What started out as a 'let's try and see' project has now become my full-time job with ambitious growth plans 🙌.
13. Start a dropshipping business ($12K/month)
Dropshipping allows you to start your online e-commerce store without stock-keeping. Therefore, you do not need huge capital, and the risk is minimal because the manufacturer is responsible for the inventory and ships it directly to the customer. Therefore, your responsibility remains to market and offer customer service.
To start a successful dropshipping business in Cayman Islands, you need a mastery of online marketing and a focus on improving customer experience.
Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.
Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.
14. Start an online advertising agency ($410K/month)
An online advertising agency provides business owners with a wide range of marketing services to help them reach targeted customers, and increase their product or service sales.
Services offered by online advertising agencies include creating ads, planning marketing campaigns, deciding the best platforms for reaching the target audience, and analyzing performance to help businesses make strategic marketing and advertising decisions.
Hello, my name is Luis Camacho and I am the founder of Fantôm Agency and also the host of the SaaS AdLab podcast, which is a podcast where I interview SaaS founders to learn more about their story. Fantôm is a digital advertising agency which focuses on helping mid-to-late stage SaaS (software as a service) companies scale through paid advertising channels such as Google, Facebook, and LinkedIn.
Fantôm focuses entirely on paid advertising, I guess you could say that’s the bread and butter, it’s what I’m great at but it’s also what I’m most passionate about. There were attempts to enter different service offerings but did not have as much fun doing so. Now when clients have the need for other types of marketing, say, email marketing, I point them to one of my trusted partners who are able to execute and over-deliver on such service for them. Currently, Fantôm is making roughly $8,600 per month overhead is only a couple of hundred dollars per month, about $300, which go towards tools and software needed in order to provide the best possible results for clients.
15. Start a food truck ($125K/month)
Food trucks are a highly profitable business that offers customers a variety of meal options. This basically operates on a large vehicle equipped with kitchen and food products.
The initial expense of setting up a food truck business is quite low when compared to that of a restaurant. The basic expenses to start a food truck business are as follows:
- Food truck : There are various truck brands available in the market based on your requirements. However, to save cost, you can also buy a second-hand commercial truck that is less than 5 years old along with the insurance. In general, a commercial truck can cost between $50,000 to $90,000.
- Kitchen equipment: It is advisable to buy new equipment as they are mostly electronic items, in order to cut down the maintenance cost.
- Licenses & Permits: The cost of license and permit and other fees vary from state to state.
- Staff: To run a food truck, a maximum of 2 chefs are required. The average salary of a food truck cook can vary from $28,000 to $75,000 for an experienced chef.
- Marketing: promotion and marketing your food truck business through social media or a website.
In order to start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating in your city.
I started my career at the world-famous Century Plaza Hotel in Los Angeles Apprenticing under Certified Master Chef Raimund Hofmeister.
Food Fleet’s growth Year after year has been at an at over 30 %. From 2017-2018 we had an unprecedented 160% growth spurt. With a team of 6, including my partner and I, we managed over 20 million in sales for our clients. As an example. We took over a convention center 3 years ago managing their food truck business. For their largest event of the year, we were up 53% over the previous year. I honestly would have to equate some of that success to the under-reporting of sales by the previous operator. But the following year we were up 19% from that figure and again close to that this year. That is due in large part to our understanding of transaction times, menu mix, the equipment in each truck or pop up and other factors.
16. Start a SEO agency ($1.19M/month)
An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in the search engines through organic or paid means.
SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with a great chance for success.
It's easier than ever to start your SEO agency in Cayman Islands. The tools are there, and the competition isn't as stiff as it used to be. If you're considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.
My name is Chris Dreyer and I’m the CEO/Founder of Rankings.io, LLC. My company is a hyper-focused SEO (search engine optimization) agency; we help elite personal injury law firms dominate first page rankings.
In 2018, we were #858 in the Inc. 5000 list of the fastest-growing companies in America. Our revenue is just under $300,000 per month and we’re on pace for another record-breaking year.
17. Become a virtual assistant ($176K/month)
Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As more businesses outsource more roles, the demand for virtual assistants is growing rapidly.
Becoming a virtual assistant is flexible as you can choose a work schedule and location. Many virtual assistants in Cayman Islands have a dedicated home office where they work in a quiet and distraction-free environment.
To become a virtual assistant, identify a niche you like and undertake any training. Figure how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.
Hi, I am Julmar Grace Locsin, and I am the owner and co-founder of Filipino Virtual Assistance by FVA Business Consultancy. FVA offers online and offline training, coaching, consulting, workshops, services, franchising-related virtual assistance, offshoring, outsourcing, and remote work for brands and businesses, here and abroad.
Our very mission is to equip freelancers, empower marketers, and enable businesses. We envision FVA for global digital leadership that will impact the world through digitalization, one life at a time. FVA has three arms, namely FVA Online Academy- have trained 25,000 students from our 31 courses, FVA Services- from training to hiring programs, and FVA Franchising with 16 Coaches assigned from different territories. And we are fifteen in the FVA team, including FVA co-founder Jay Locsin and me.
18. Become a proofreader ($2K/month)
Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.
As a proofreader, you can work online, allowing you to choose what time to work.
If you plan to start a professional proofreading business in Cayman Islands, make sure you possess the following skills:
- Have an excellent grasp of grammar
- Ability to correct mistakenly capitalized words
- Familiarity with the proper use of capitalization
- Use spell-checkers to flag misspelled words
Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.
Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.
Hi, my name is Lenny Bron, and I am The Blog Proofreader. I’m the annoying grammar police person you’ve always been tired of hearing from every time you use an ellipses incorrectly in a Facebook post you wrote 3 years ago.
I’ve been able to build my business from scratch to consistently make ~$2,000 per month with zero experience in the field, no expenses, and barely any upfront costs.
19. Start a voice over service ($40K/month)
Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.
Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.
To become a voiceover artist in Cayman Islands, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.
Hi, my name is Mony Raanan, and I’m the founder of Voice Crafters, a multilingual voice-over agency and marketplace.
Voice Crafters operated as an agency until early 2020, at which point we launched our online marketplace. This move essentially helped double our revenue and we’re on track to making at least $500,000 in 2021 with a bottom line of around 40%.
20. Start a language translation service ($275K/month)
Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.
To become a language translator in Cayman Islands, master a second language and earn some experience so you become fluent in the second language.
Hello, my name is Cédric Sigoire and I am the owner of the DEMAN Translations group.
We will reach more than 6 million euros in the year 2021 and my target for 2022 is 10 million euros!
21. Become a computer refurbisher
Computer refurbishing is the process of restoring used computers to working conditions. Refurbishers typically purchase used computers from individuals or businesses, and then they clean them up, install new parts, and test them to make sure they are in good working condition.
To start this business, you'll need skills in data recovery, hardware repair, and software troubleshooting. It is a perfect idea for those who have an interest in technology and a knack for repairing electronics.
With the ever-growing popularity of laptops, tablets, and smartphones, there is a great demand for refurbished computers. And with data science and data analytics, you can easily identify which computers are in high demand and how to best refurbish them.
Starting this type of business is a great idea for those with an entrepreneurial spirit and a passion for technology. If you can navigate the regulations, this can be a lucrative business with a lot of growth potential.
My name is Lawrence O'Connor, aka 'OWC Larry.' I am the founder and CEO of OWC (Other World Computing, Inc.).
Our CAGR over the past 33yrs is 43.78% (average growth rate since inception). It was 18.4% in the most recently completed year 2019 vs 2020 with just over 148 million revenue in 2020.
22. Start a healthy snack food business ($142K/month)
Businesses with healthy snacks are becoming increasingly popular. This is because people are becoming more conscious of what they eat and the ingredients used in their food products. Compared to a few decades ago, more and more people today value health over anything else. A tasty snack food business can be a great way to turn your passion for snacking into profit.
The global healthy snacks market is expected to reach $152B by 2030. A healthy snack food business will make it much easier for you to achieve your goal. You may have seen that business at your local grocery store or mall already.
It has been trending rapidly since its introduction. The reason is simple; healthy snacking can help people to reduce calories while maintaining their daily dietary requirements.
Hey there! My name is Ryan Chen and I am the co-founder of Neuro, a functional gum, and a mint company that delivers energy, clarity, and focus in a minty and refreshing way.
Back in October 2015, one of my best friends from college (Kent Yoshimura) and I began developing the idea for Neuro when we realized there was a lack of portable, healthy, or effective alternatives to energy drinks or supplements. Both Kent and I trained in athletics at a national level and to find products that would help us balance life and school was nearly impossible.
23. Start a specialty food business ($36.7K/month)
Hi there! My name is David Downing and I’m co-founder & CEO of ChipMonk, a specialty mail-order bakery based in Houston. We make low carb, gluten-free desserts, and ship them all across the country. Our mission is to help people indulge mindfully and make better nutritional choices.
As an early-stage company, we’ve remained focused on growing via e-commerce before we attempt to tackle wholesale or get into grocery stores. Right now, we sell around $25,000 a month, with most of that coming directly from our website.
24. Start a catering business ($20K/month)
A catering business is a company that provides food and other services to events.
Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing, and can even work 24/7. They can cater anywhere and offer any price point that they want.
If you want to start a successful catering business in Cayman Islands, you'll need to plan and prepare menus, manage budgets, handle clients, and more. Catering also allows you to meet more people and show off your cooking skills.
Hi, my name is Nestor Nidome and I am the founder and owner of Elegante Catering. Serving the Inland Empire (San Bernardino and Riverside county) and now have expanded to serve all of Southern California. Our customers, mostly higher middle class, have enjoyed our delicious menu ranging from full service plated meals, made to order pasta bars to buffet-style menus such as Mexican fajitas bar and tacos.
Weddings because there is no higher compliment than to have the bride and groom come up to us complimenting us and letting us know how all their guests are raving about the food. As for corporate caterings we like to make it as simple as possible for them. We have 12 different menus they can choose from so that every month their employees enjoy a different menu. Plus once we have their information all they have to do is text us the Date, Menu, and Time they want. We understand that they have better, more important things to do than order food. This has allowed us to grow our monthly sales to $20,000.
25. Start a recruiting business ($7.5K/month)
A recruiting business is a service and advice-based business that helps companies and organizations find the right candidates for their jobs. These businesses usually serve as a medium between the two entities to create a win-win situation. The job seeker can get the job of their dreams, while the business entity can get a fit candidate for the job.
Recruiting is one of the fastest-growing industries in the United States. Over the past ten years, businesses are struggling to find quality employees and candidates are searching for more opportunities. If you know this, then you have everything you need to make money fast with recruiting.
Starting a recruiting business from scratch is easier than you think. You can have your own staffing agency in just a few weeks and start making a great income while working less.
Hi, I’m Kingsong, CEO of Techintern.io. We connect startups and tech companies with the best software developer students at colleges across North America like Waterloo, Harvard, Berkeley, and more. We work with startups to hire really strong and motivated technical interns, many of who have experience at top companies like Google or Facebook.
We’ve worked with companies like Afterpay, Zumper, and Yugabyte and recently achieved #1 Product of the Day and #2 Product of the Week on Product Hunt.
26. Start a life coaching business ($25.5K/month)
Life coaching has become an increasingly popular career choice. A life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.
Life coaching is a global industry worth over $2.85 billion, and the number of life coaches has gone up 33% between 2015-2019.
This is a very profitable business and can be started at virtually no cost. You'll need a computer, a high-speed Internet connection, and a LinkedIn account to get started. You can begin coaching part time in your spare time until you build up your clientele.
I was once just an out of shape, overweight guy with a goal to make a change. I started my health and fitness journey by losing 90lbs. The discipline and drive it took to go from never exercising at all to achieving such significant weight loss taught me a lot about goals and how to attain them.
TeamFFLEX is my online personal training platform that coaches athletes, Hollywood actors, professional musicians and everyday people all around the world. Starting with literally 0 dollars and a hell of a lot of drive I successfully built my business into the 6 figures in less than a year. Today, TeamFFLEX LLC does $48,000 a month and is growing continually month after month.
27. Start an online cooking business
If you love to cook and want to start a business online, there are several opportunities that you can explore. Here are a couple of different approaches you can take:
- Sell your recipes online
- Become an influencer or blogger
- Conduct online cooking classes/courses
Here are some benefits of starting an online cooking business:
- You can have your flexible working hours
- You can start the business from your home
- It requires a small investment
- Cooking business is a rewarding work
28. Start a proposal software app ($570K/month)
A proposal software app is a program that streamlines the process of creating, sending, and closing proposals, quotes, contracts, and other sales documents. The common users of proposal apps include consultants and business executives who want to generate a personalized and professional-looking proposal. A good example of a proposal software app is Proposify
In creating your proposal app, first, understand how the target users interact with their proposals. Then, provide them with a suite of options so they choose ones that they feel convenient to use. Ensure your software enables the user to produce sleek business proposals quickly.
Typically, the proposal software should be intuitive for any user and should include critical automation and support client interaction tracking, to make proposal creation easy. Build a great product that solves your customer’s pain.
Finally, set up a customer support team that will be directly responsible for guiding customers through the onboarding process, and work towards retaining and expanding accounts.
I’m Kyle Racki, CEO and co-founder of Proposify. Proposify is an online business proposal SaaS (software as a service) company that streamlines the process of creating, sending, and closing proposals, quotes, contracts, and other sales documents. We do this by making the process of creating documents faster and more efficient, and by allowing sales teams to send out beautiful, professional sales documents and get them signed.
We currently serve over 8,000 customers, have 75 employees based in Halifax, Nova Scotia, Canada, and do over $7M in annual recurring revenue (and growing).
29. Start a blog ($16.7K/month)
In recent years, blogging has become a highly sought-after & lucrative Business. This is location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster's list of blogging statistics and facts:
- Blogs have been rated as the 5th most trustworthy source of gathering online information.
- 77% of internet users read blogs.
- Each month, approximately 409 million people view more than 20 billion pages.
Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.
If you want to start blogging as a side hustle or as a full-time profession, first choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.
Hello! My name is Michelle Schroeder-Gardner, and I run Making Sense of Cents, a personal finance and lifestyle website that helps readers earn more, save more, and live more.
I earn around $100,000 a month from Making Sense of Cents and have made over $5,000,000 from it over the years. Much of it is profit, as my expenses are extremely low. I am the only full-time employee of my business, but I do outsource some work. I have a virtual assistant, an editor, and a technical manager.
30. Start a day care center business
Do you know that daycare centers are lucrative businesses? The industry grossed over a billion dollars in the US last year. The demand is rising, which is why many entrepreneurs have jumped aboard the idea of starting a daycare center business. This is a rewarding experience, especially if you have children or are in the education field.
Listed are the steps to start a daycare center business.
- Register your business
- Get all required daycare permits and licenses requirements
- Get certifications
- Get insurance
- Prepare your daycare center.
- Hire needed staff
- Promote your business
31. Start an online course sales business
Do you know you can make money selling what you are passionate about? People are making money creating courses and selling them online. Common online courses include music, cooking, coding, web design, dropshipping, etc.
Thus, if you have a skill, you can turn it into a source of passive income by launching online classes. All you need is to choose a target audience, create the online course and choose an online learning platform where you can sell the course. The gear you need to start creating online classes includes:
- A good HD camera
- Professional Lighting kit
- Video editing software
- Green screen
The e-learning market is expected to be worth over $645 Billion in the next few years.
Hey Everyone, my name is Rahul Alim and I am the founder of Custom Creatives, a Digital Marketing Agency that helps connect business owners with their dream client, AKA, The Peoples Agency.
Monthly revenue is often the indicator many people use to determine the success of an agency or individual. While I don’t disagree, I put more emphasis on the success of our clients and the fact that we retain clients for many years, and in our case, many for over a decade. We have consistently been over 7-figures year over year.
32. Start a stock video business ($10K/month)
I’m Eduard Stinga, founder of VideoPlasty, a platform for stock animation and GIF images.
Since we launched, more than 600,000 people have visited our platform over the years, with 2020 being our best year so far, the year we finally cleared the first legendary milestone for any startup, registering our first six-figure year with a little over $100k in revenue. And we’re just getting started!
33. Start a restaurant
If you love cooking and have a passion for entrepreneurship, starting a restaurant can be fun and a lucrative business.
To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food, 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 Cayman Islands, gain insight from consumer preferences and focus on serving modern consumers what they need.
Hi, I’m Andrei Calinescu and I am the Founder and CEO of One Life Meals.
34. Start a social media management business
Similar to virtual assistants, social media managers offer various services, including but not limited to:
- Developing a marketing strategy based on clients' goals
- Setting up social media accounts
- Posting on behalf of their clients
- Coming up with strategies for increasing client’s social media following
- Marketing analysis.
To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals. The beauty of working as a social media manager is that you get a chance to define your work schedule and even choose what niches to work on.
I’m Amanda Shepherd, the owner and lead mentor at the Social Media Manager Society. Aside from social media consulting to businesses in the food, beverage, and hospitality industries, I created a program to teach other women how to run successful social media businesses so they can have the time and financial freedom they’ve always wanted!
I quit my 9-5 and in one year made almost $100,000 working an average of four hours per day - and still growing!
35. Start a grocery store
A grocery store sells a wide variety of fresh vegetables, seasonal fruits, along with a full range of household and personal care items. The grocery store industry is the largest retail channel that makes $682 billion industry 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, things that will make a bigger impact on the business are the location, size of the store, competitors, local customers. To make a bigger profit, a new grocer should sell more items for a lower price.
A new grocer can also save costs by buying the items from local distributors. The distributor is the middle man between the manufacturer and the grocery store selling it. Once the store cost and location is 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 location, size, and popularity of the store. On average, a small to medium grocery store can make profit 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 margin of up to 70%. As a rule of thumb, offer lower prices on higher purchase, this will ultimately win more customers and increase profitability.
36. Start a youtube channel
For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.
In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube`s popularity to earn an extra income.
If you are looking to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.
I am Chhavi, the founder and owner of the blog and YouTube channel Mrs Daaku Studio along with my husband Amit.
Our blog, YouTube channel, and products are designed to help you achieve what we have (...and, more).
37. Start a home healthcare service business
Today’s lifestyle patterns have introduced new diseases, and demand for healthcare services is rising. As we age, we develop different health problems resulting in medical services. Thus, with the rising demand for healthcare, starting a health service business can be a lucrative opportunity.
Niche markets within the healthcare industry include:
- Ambulatory surgery centers
- Medical labs
- Kidney dialysis facilities
- Outpatient clinics
- Mental health facilities etc.
To start a health service business, research the market and acquire all necessary medical equipment. You can choose a franchise, a partnership, or start your own health center from scratch.
Hi there. My name is Kel Stuart. I established Sanuku APM Limited and my health brand products website, SANUSq, in early 2017, but the foundations for this business model had been laid out over many years prior. The company has a few different revenue streams, but currently, my passion lies with our two health product brands. I created ‘SANUSq’ in 2017 and followed up with ‘Bonne Sante Liposomal’ in 2018. Our flagship product is a proprietary blend liposomal vitamin C product (with a dash of glutathione.)
From a standing start, we are now aiming to hit the 1 million EUR mark this financial year. Our main customer base is in France. This was no small achievement given the fastidious nature of the market in France. We have shipped orders to more than 30 countries since we launched, and have sales sites in multiple languages – all translations have been done by hand as reliance on AI, as good as it has become over recent years, is a recipe for disaster.
38. Start a wholesale business
Hello! My name is Stephen Layton and I am one of the founding members of The Good Scoop located in the greater Sacramento region. We make all of our own ice cream in house using fresh local and all-natural ingredients.
Some of our best selling and most popular flavors include our banana, rosewater, lavender, and salted cookies and cream. We use fresh seasonally available ingredients, so we use peaches in the summertime and apples in the fall. Some of our more interesting flavors include horchata, honey wasabi, peppermint bark, and olive oil.
39. Start a hotels business
If you are considering starting a hotel, then it is time to set your plan into action. 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 prior to 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
40. Start a consulting business ($130K/month)
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 are looking to start your own consulting business having useful insights from industry experts, reading about their entrepreneurial journey will help decide how you should go about it.
Hey there! My name is Taylor Hersom and I am the founder of Eden Data. Eden Data is a cybersecurity consulting firm focused on helping startups build better security as they grow.
Since starting the company in March of 2020, we have scaled to four team members and an MRR of $45k, all through remote services and nearly no startup costs.
41. Start a bakery
Bakery businesses produce and sell flour-based food baked in an oven. Baked foods include bread, cookies, cakes, donuts, pies, and pastries.
Starting a pastry store 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, work on customer satisfaction.
To start a bakery in Cayman Islands, pick a bakery format. Some options include a counter-style bakery, a bakery with a café hybrid, a food truck with a bakery, or a home bakery. Write a suitable business plan and choose the correct location.
Hello, I’m Marcia Wiggins and the founder of Cape Whoopies. We are small batch whoopie pie bakers who love creativity in the kitchen. Our mission is to share the most delicious Maine whoopie pies made with the highest quality ingredients with people all over the country.
We share a 5,300 square foot space with a coffee shop. Partnering with Rwanda Bean Coffee Company has scaled our total sales up by 40%, at this point of the year. One can only wonder where we will be by the end of the year since the fourth quarter is our busiest season.
42. Start an auto parts shop
If you want to start a retail business in the automobile industry, consider auto parts business in Cayman Islands.
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 run 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
Hey everyone! My name is Mitchel Matthews and I am a 22-year-old entrepreneur. I am the owner/founder of Adrenaline Offroad which is an eCommerce store for aftermarket vehicle accessories! We mainly focus our expertise in the realm of automotive LED lighting accessories. Our products are built for a person who will endure hardcore offroading situations with their vehicle all the way to people who attend multiple shows per month in their show trucks! Some of our most popular products being our RGB+W underglow/rock light & LED wheel ring lights. In just over a year of quitting my job to pursue my passion for truck mods full time, I am so beyond proud & excited to be making 5x the amount of money that I used to make per month!
Pictured above is our most popular bundle kit called “The UFO GLOW Bundle Kit”
43. Start a transportation service
Transportation businesses offer ridesharing services, haul consumer goods, or ship supplies and products from one location to another. They target individual passengers, other companies, or global business partners.
If you are starting a transportation service in Cayman Islands, decide who and what you will serve, set up the business structure, register the business, and apply for the required business licenses or permits. To ensure a profitable business, incorporate proper hiring procedures and keep up with maintenance and recertifications.
Hello, my name is Irakli Litanishvili and I am a co-founder of a group of companies called Aim of Emperor that operates in three niches: aviation, fuel & ground handling, and IT. One of the recent additions is Mirai Flights, where I stand as CEO & co-founder.
44. Start a healthy food processing business
With the growing preference for healthy and functional food, starting a healthy food processing plant can be rewarding.
The advancements in the food processing industry, innovation in processing technology, and continuous growth in demand for processed food are some excellent reasons to consider opening a healthy food processing business.
To start a healthy food processing plant, find out a market gap, and research the demand. Understand customers changing tastes and focus on offering the best throughout.
I’m an elite ultramarathon runner, the world’s best wolf-dog dad, and the founder of Bluebird Provisions Bone Broth, North America's fastest-growing bone broth brand.
Now we’re doing 49,000 per month and growing 50% year over year. Our customers are active individuals aged 30-60 who are looking for natural ways to get better skin, and gut health and improve joint pain. We’ve increased our customer base by 5000% since we started.
45. Start a hotel booking platform
The explosively popular Airbnb, as well as countless similar services, has proven that the market for home and apartment rentals is growing rapidly. As an entrepreneur with a love of travel, you see an opportunity to extend this same model to hotels. That's why you start a hotel booking platform, a place where travelers can search for and book accommodations around the world.
The market size of the online hotel booking platform industry worldwide amounted to nearly $518B in 2020. Starting a hotel booking platform can be so interesting as an idea that can grow rapidly. It doesn't require any license, no inventory — only mobile phones, internet connection, and some motivation to succeed.
46. Start an online retail store business
Hagan makes ski mountaineering gear—exclusively. We focus without distraction on alpine ski touring. We don’t make downhill skis, clothing, hiking boots, or running shoes.
Our focus on high-performance ski mountaineering gear is recognized and appreciated by devoted backcountry skiers and has 50% annual growth in recent years. Hagan is Pure Ski Mountaineering.
47. Become a business consultant ($5K/month)
I am Christos Kritikos and I am the founder of Emerging Humanity. I see entrepreneurship as a catalyst for business activity, economic development, and (ultimately) social progress especially in developing parts of the world.
Since we started (3-4 years ago) I have personally helped more than 50 founders/entrepreneurs. We are also seeing promising activity with our (more recent) educational offerings like the accelerator and the eCourses.
48. Start a medical device company ($116K/month)
If you are a medical practitioner and want to start a business, then you could consider starting a medical device company. There are many medical device companies started by individuals or small teams. Some of them were successful and became startups impacting the industry with their technology.
Starting a medical device company is an exciting venture that can lead to a successful business. If you're considering starting a medical device business, there are several factors to consider before putting a team together and setting out to reach your goals.
Great business ideas sometimes intrude while you’re trying to do something else.
In addition to at least 12 babies born to women who were ready to give up on the IVF pokes, it feels pretty great to know that 31 million needle procedures have been blocked with Buzzy.
49. Start a decentralized app
Decentralized apps are digital applications that exist and run on the blockchain or peer-to-peer networks of computers instead of on single computers.
Before you start to build a decentralized app business, it helps to know your competition and trends ushering in the new wave of decentralized Apps. Remember that dApps aren’t an entirely new concept. What makes the modern decentralized apps stand out is the new shared trust mechanisms that are cryptographically secured. The decentralized apps will be more involved in day-to-day living, reducing costs and eliminating third parties from many of our personal and business transactions. In addition, dApp developers can expect to create dApps with a heavy focus on the metaverse.
50. Start a virtual call center business
Do you enjoy helping people and talking on the phone? If you want a business that provides flexibility in terms of 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.
Hello, my name is Jaime Nacach, I was born in Mexico and currently live in the beautiful city of San Diego, California. I’m a marketing strategist with a huge passion for technology. Four years ago, I decided to create a new company named Virtual Latinos. I wanted it to be a company that offered services that were beneficial to everyone involved. We call it a Win-Win-Win situation.
51. 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
52. Start a webinar hosting business ($897K/month)
Hi everybody, my name is Philip and I’m the founder of Tiiny.Host - the simplest way to host & share your web project online. It’s perfect for prototyping, demos, testing, learning to code, and small web apps.
I started it around 2 years ago and to date, over 40,000 websites have been uploaded. We’re currently at $2,000 MRR (monthly recurring revenue) and doubling every 3 months. It’s been a rollercoaster couple of years, we were making less than $100 MRR for about the first 12 months but revenue then skyrocketed. It just goes to show the trajectory of SaaS businesses on the internet.
53. Start a smoothie business
Smoothie is a blend of whole fruits and can contain bananas, yogurt, honey, ice cream, and other ingredients.
Smoothie businesses attract health-conscious consumers and their mass appeal has grown tremendously.
In the US alone, smoothie bars are a 3-billion-dollar industry. Therefore, from an entrepreneur's standpoint, starting your smoothie business can be a great idea. To start your smoothie bar, consider an ideal location, and ensure a proper shop format. The alternative smoothie shop formats include:
- Dine in Plenty of seating space available: customers order and pay at the counter.
- Window only: Serves takeaway smoothies with customers ordering and paying at the counter
- Food truck: Mobile smoothie shop allowing you to connect with a larger customer
The rising popularity of healthy juices and the low startup cost makes the smoothie industry an appealing frozen food business idea.
Hi there. I’m Jen Hansard, the co-founder of Simple Green Smoothies where we create plant-powered recipes that gives you the energy and health to fuel your passion. It all started on Instagram in 2012, yet over the years (and with a LOT of hustle and luck) it has exploded into a brand of best-selling plant-based recipe books, live community cleanses, adventure retreats and the #1 green smoothie app in iTunes, Daily Blends. Since 2012, Simple Green Smoothies has helped over 2 million people take control of their health in a tasty and simple way.
Our programs can bring in as much as $30,000 a month in revenue, which helps me pay our staff, expenses and also allows us to help women farmers in Cambodia build mushroom farms through World Hope International. Click here to learn more.
54. Start a data entry service
My name is Rahul, I'm the co-founder at Flamon cloudtech. Which is the parent company that owns our primary product TeleCRM. Taking a step back and looking at the big picture of what we are trying to achieve with TeleCRM - What if there was a way to bring software, automation, and intelligence together in a way that salespeople would only have to do the human part? Instead of spending countless hours every week entering data into specific formats and then more hours crunching that data to figure out who are the leads that they need to focus on, the system that collects all the data do the crunching and return a simple list of people who have already been warmed and just need that human touch.
Hey! 👋I'm Pat Walls, the founder of Starter Story.
We interview successful business owners and share the stories behind their business. By sharing these stories, we want to help you get started.
Interested in starting your own business? Join Starter Story Premium to get the greatest companion to starting and growing your business:
- Connect + get advice from successful entrepreneurs
- Step by step guides on how to start and grow
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- And much more!
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