50 Profitable Consulting Business Ideas For 2020

Interested to start a consulting business but not quite sure what to start?

The good news is, there are so many opportunities to become an entrepreneur and provide a worthy service in this line of work.

If you're looking to start your own consulting business, there are several low-investment options you can choose from.

We put a list together below of the most profitable consulting business ideas you can start today!

Here they are:

1. Start a fashion consultant business ($42K/year)

Susannah Davda from Bromley started The Shoe Consultant Ltd over 5 years ago, a fashion consultant business.

  • Revenue: $3,500/ month
  • Founders: 1
  • Employees: 1
  • Location: Bromley

Except for a paper round and a brief stint in a horrible bag shop, I have only ever worked in shoes. At the age of sixteen, I started working in a shoe shop. Although the product was pretty average, I loved it when new styles were delivered. I got a kick out of seeing the transformation of customers trying on different shoes. I didn’t even mind the monotony of “working stock” - climbing up and down ladders shifting heavy shoe boxes from one set of shelves to another.

When I was looking for fashion design degree courses in the great big manual of university options, I stumbled across the tiny Footwear Design section. There were two footwear design degree courses and an HND in the UK. I applied for all three!

During my undergraduate degree, I learned to design, make, and cut the patterns for shoes. When I graduated, I worked in design and buying, then product management. I had experience in retail, wholesale, and branded footwear, and I knew I wanted to use my knowledge to help people.

how-i-started-a-3-5k-month-business-helping-people-that-want-to-start-shoe-brands

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Susannah Davda, on starting The Shoe Consultant Ltd ($3,500/month) full story ➜

2. Start a technology consulting business ($480K/year)

David Bishop from Atlanta, Georgia, USA started Agile Worx ago, a technology consulting business.

  • Revenue: $40,000/ month
  • Founders: 1
  • Employees: 3
  • Location: Atlanta, Georgia, USA

I started programming at age 13 on a Commodore VIC-20 personal computer. I enjoyed taking the thing apart as much as I did creating my own games. It was at that time that I decided I wanted to be a computer engineer. I spent years taking the hardest math and science classes available and eventually managed to get into a top tier engineering school. One of the greatest attributes of a career in technology is that you are always learning, and for many years, I certainly did. However, after my first decade in the business I began to realize two things:

  1. There was no knowledge equity in what I was doing. Unlike medicine or law, the knowledge I accumulated over time lost value, instead of gaining value, because the technology changed so much. I would spend months becoming an expert on something only to find that knowledge obsolete in a couple of years. Even though learning was fun, I started to feel as though I was treading water and throwing my life away.

  2. The business was changing drastically - for the worst. Most of the work was being outsourced overseas to lesser educated and experienced people, and companies I worked with started experiencing severe quality and performance problems. After the “.com bubble” bust in the early 2000s, wages and career opportunities stagnated. I realized that I had to make a change.

how-i-designed-and-patented-a-40k-month-agile-framework

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David Bishop, on starting Agile Worx ($40,000/month) full story ➜

3. Become an it consultant ($25.2K/year)

Dan Khadem from Denver, Colorado, USA started Access Database Support almost 9 years ago, a IT consultant.

  • Revenue: $2,100/ month
  • Founders: 1
  • Employees: 1
  • Location: Denver, Colorado, USA

The database consulting was a natural progression from my day job. People were asking me for help on projects outside of my workday so the work fell into my lap. It was then that I realized I could turn this skill into something for real on the side.

Look at your business idea as a brick wall that needs to be built brick by brick. Don’t get overwhelmed by the amount of things that are involved in starting a business or side hustle. Instead just focus on the one brick in front of you. Go slow and steady. Be sure to add a new brick to that wall every single day.

At the time I started doing the side work I was in massive debt from school. I was already paying for my lifestyle through my regular job so I knew any income I earned on the side could go to directly paying off my student loans. It worked. I paid off my loans a few years ago and now have the flexibility to use my side income for other things.

how-a-database-consultant-became-a-commercial-model

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Dan Khadem, on starting Access Database Support ($2,100/month) full story ➜

4. Become a life consultant ($2.16K/year)

Stephanie Gast from Whittier started The Professional Friend 4 months ago, a life consultant.

  • Revenue: $180/ month
  • Founders: 1
  • Employees: 1
  • Location: Whittier

I'm an empath! Empaths are highly sensitive individuals who are attuned to the emotions and energies of others. For as long as I can remember, I've had a natural ability to connect with people and to put myself in their shoes.

My fascination with the human experience led me to receive my Bachelor of Arts in Psychology with a Minor in Human Sexuality from California State University Northridge in 2017. Aspiring to become a therapist, I received my Masters of Science in Counseling from California State University Long Beach in 2019. Shortly after graduation, I realized that it wasn't the best fit for me.

During the rise of the pandemic, I used all the time at home to create a career that I enjoyed and looked forward to. With our world in its current state, isolation and loneliness are impacting so many. I thought this would be the most ideal time to launch a consulting service for people who need someone to talk to. I thought “Why not try something non-traditional?” I wanted to utilize my specialized knowledge and people skills in a way that felt more authentic for me.

on-starting-a-business-as-an-empathic-life-consultant

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Stephanie Gast, on starting The Professional Friend ($180/month) full story ➜

5. Become a business law consultant ($4.5M/year)

Anthony Rose from London, England, United Kingdom started SeedLegals about 4 years ago, a business law consultant.

  • Revenue: $375,000/ month
  • Founders: 3
  • Employees: 40
  • Location: London, England, United Kingdom

I used to head up BBC iPlayer. After leaving the BBC, I built a startup -sold it- built another startup -sold it. I then invested in a few startups and got tired of paying lawyers. In a stroke of luck, I met my business partner Laurent Laffy, serial angel investor, and ex-VC.

We got together and decided it was time to transform the way we do funding rounds.

how-we-built-a-software-that-automates-startups-legals

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Anthony Rose, on starting SeedLegals ($375,000/month) full story ➜

6. Become a resume consultant ($30K/year)

Mike McRitchie from El Dorado, California, USA started Critical Path Action over 5 years ago, a resume consultant.

  • Revenue: $2,500/ month
  • Founders: 1
  • Employees: 0
  • Location: El Dorado, California, USA

Over the years I’ve built quite a bit of business knowledge (was a Director of Operations and helped build a company from 5 employees to 100 and $2.5 million to $16 million in revenue; also was a five-year member of Vistage, a business mastermind group) and wanted to leverage that.

Get started with something inexpensive that interests you. Then keep going as you try things and learn.

I started a website through an online marketing/website building course and began blogging on business and career topics. But I found monetizing that to be difficult. I wanted to do business strategy consulting and paid $1,000 for a three-month insert in a coupon mailing that did nothing and found trying to get that type of consulting off the ground part time around my day job wasn’t working.

how-i-make-30k-year-on-the-side-writing-resumes

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Mike McRitchie, on starting Critical Path Action ($2,500/month) full story ➜

7. Become an online dating consultant ($62.4K/year)

Shane White from Austin, Texas, USA started The Match Artist almost 3 years ago, a online dating consultant.

  • Revenue: $5,200/ month
  • Founders: 2
  • Employees: 0
  • Location: Austin, Texas, USA

I have always been an entrepreneur. When I was in high school, I wanted to start my own business, so I took to one thing that I knew how to do- mow lawns.

Afterward, while I was in college, I started a mobile DJ business, which was a great way to earn some extra cash in college. After graduating from NDSU with a degree in Computer Science, I took a full-time job working as a software developer. While working as a developer, I really wanted to start a SaaS Company, which translates to “Software as a Service”, so I did just that. I created Midwest Streams - Simple Funeral Webcasting, which helps funeral directors webcast their funerals.

I ended up spending too many hours working on Midwest Streams while I was at my software developer job, so my employer fired me. (If you are reading this, I really am sorry!) This happened in February of 2014, and Midwest Streams was only making $400 a month. I decided not to go back to work and try my hardest to grow my company. I had some savings, but burnt through it pretty quick, as it’s really hard to survive with only $400 a month.

how-i-built-my-own-business-improving-online-dating-profiles

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Shane White, on starting The Match Artist ($5,200/month) full story ➜

8. Become a ppc consultant ($36K/year)

Paul Franklin from Bath started SideGains over 1 year ago, a PPC consultant.

  • Revenue: $3,000/ month
  • Founders: 1
  • Employees: 1
  • Location: Bath

I started my business in 2015 when I was made redundant as a result of business restructuring. Luckily for me, someone who I knew through a past business relationship in the industry heard about this and head-hunted me as a contractor to run his PPC campaigns. So I walked straight from redundancy into a contracting position.

I’d recommend making plans and setting targets. If you just work without something to aim for you’ll just coast along and without a sense of achieving things you’ll struggle.

In a sense I hadn’t planned on becoming a business owner, it just sort of happened naturally. Had I never been made redundant, I might still be an employee.

on-starting-a-3k-month-ppc-and-wordpress-development-business

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Paul Franklin, on starting SideGains ($3,000/month) full story ➜

9. Become a college counselor ($600K/year)

Pradeep Gaddam from San Jose, California, USA started ConnecPath about 3 years ago, a college counselor.

  • Revenue: $50,000/ month
  • Founders: 2
  • Employees: 1
  • Location: San Jose, California, USA

I started my career as a researcher at NASA where I helped scientists visualize data. It did not take long before I realized that research is not a place for me. I thought to join a big company would make it exciting for me, I then joined Intel Corporation only to realize that's not a place for me. It took me 10 years to realize that being an entrepreneur is where I felt more fit and excited. I always knew, If I had the right mentor I would not have wasted 10 precious years.

All this made sense to me, when I met my co-founder over a beer, he mentioned an interesting data point to me. The ratio between a high school counselor and students is 1:500, which means the amount of time, a student gets over their entire high school is 38 minutes. That clearly is a huge problem and interestingly of all the high school students that get into colleges, 40% of them either end up changing majors, colleges, not graduating on time or not graduating at all.

I think that's a very serious problem. I instantly connected with that problem and we decided that we will certainly fix it. That’s how we started on this journey.

how-we-created-a-50-000-month-platform-to-give-better-college-counseling

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Pradeep Gaddam, on starting ConnecPath ($50,000/month) full story ➜

10. Become a facebook ads consultant ($36M/year)

Kean Graham from Vancouver, British Columbia, Canada started MonetizeMore almost 11 years ago, a Facebook ads consultant.

  • Revenue: $3,000,000/ month
  • Founders: 1
  • Employees: 160
  • Location: Vancouver, British Columbia, Canada

I originally fell in love with the online industry when working for a large online classified network. The job was an immense learning experience but once the recession hit, the company decided to lay off the marketing department. I lost the best job I ever had but I was determined to turn the bad into something great.

With the devotion to improve a little bit every single day, one can accumulate incredible improvement and success.

Five days later, I'm on a plane to South America to go on a life changing trip. Four months into my backpacking trip I was on a four-day trek through the incredible Inca trail towards Machu Picchu. By the end of it, I was sitting on top of Wayna Picchu reflecting on my experiences throughout my trip. I have had the most fulfilling time of my life and it finally clicked:

how-i-disrupted-the-ad-industry-and-grew-my-business-to-20m-year

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Kean Graham, on starting MonetizeMore ($3,000,000/month) full story ➜

11. Start an e-bay consulting business

Examples of a successful e-bay consulting business:

Here are some great videos on how to get started with a e-bay consulting business:

For further info, check out these books and products:

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12. Start an environmental consulting business

Examples of a successful environmental consulting business:

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

For further info, check out these books and products:

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13. Start a career consulting business

Examples of a successful career consulting business:

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

For further info, check out these books and products:

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14. Start a marketing consulting business

Examples of a successful marketing consulting business:

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

For further info, check out these books and products:

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15. Start a google advert consulting business

Examples of a successful google advert consulting business:

Here are some great videos on how to get started with a google advert consulting business:

For further info, check out these books and products:

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16. Start a leadership / team-building consultant

Examples of a successful leadership / team-building consultant:

Here are some great videos on how to get started with a leadership / team-building consultant:

For further info, check out these books and products:

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17. Start a green auditing and consulting business

Examples of a successful green auditing and consulting business:

Here are some great videos on how to get started with a green auditing and consulting business:

For further info, check out these books and products:

18. Become a professional hair consultant

Examples of a successful professional hair consultant:

Here are some great videos on how to get started with a professional hair consultant:

For further info, check out these books and products:

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19. Start an employee motivation consulting buiness

Examples of a successful employee motivation consulting buiness:

Here are some great videos on how to get started with a employee motivation consulting buiness:

For further info, check out these books and products:

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20. Start a health and wellness consulting business

Examples of a successful health and wellness consulting business:

Here are some great videos on how to get started with a health and wellness consulting business:

For further info, check out these books and products:

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21. Start a patient care consulting business

Examples of a successful patient care consulting business:

Here are some great videos on how to get started with a patient care consulting business:

For further info, check out these books and products:

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22. Start a retirement & personal finance consulting business

Examples of a successful retirement & personal finance consulting business:

Here are some great videos on how to get started with a retirement & personal finance consulting business:

For further info, check out these books and products:

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23. Start a bookkeeping consulting buisness

Examples of a successful bookkeeping consulting buisness:

Here are some great videos on how to get started with a bookkeeping consulting buisness:

For further info, check out these books and products:

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24. Start a tax consulting business

Examples of a successful tax consulting business:

25. Become a social media consultant

Examples of a successful social media consultant:

Here are some great videos on how to get started with a social media consultant:

For further info, check out these books and products:

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26. Start a fundraising consulting business

Examples of a successful fundraising consulting business:

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

For further info, check out these books and products:

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27. Start a wedding consulting business

Examples of a successful wedding consulting business:

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

For further info, check out these books and products:

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28. Start a travel consulting business

Examples of a successful travel consulting business:

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

For further info, check out these books and products:

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29. Start an e-commerce implementation consulting business

Examples of a successful e-commerce implementation consulting business:

Here are some great videos on how to get started with a e-commerce implementation consulting business:

For further info, check out these books and products:

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30. Start a seo consulting business

Examples of a successful seo consulting business:

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

For further info, check out these books and products:

31. Start a teaching & consulting business

Examples of a successful teaching & consulting business:

Here are some great videos on how to get started with a teaching & consulting business:

For further info, check out these books and products:

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32. Become a shopify consultant

Examples of a successful shopify consultant:

Here are some great videos on how to get started with a shopify consultant:

For further info, check out these books and products:

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33. Start an agricultural consulting business

Examples of a successful agricultural consulting business:

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

For further info, check out these books and products:

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34. Start a direct mail service consulting business

Examples of a successful direct mail service consulting business:

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

For further info, check out these books and products:

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35. Start a human resources consulting business

Examples of a successful human resources consulting business:

Here are some great videos on how to get started with a human resources consulting business:

For further info, check out these books and products:

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36. Start a product development consulting business

Examples of a successful product development consulting business:

Here are some great videos on how to get started with a product development consulting business:

For further info, check out these books and products:

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37. Start a computer consulting business

Examples of a successful computer consulting business:

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

For further info, check out these books and products:

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38. Start a risk management consulting business

Examples of a successful risk management consulting business:

Here are some great videos on how to get started with a risk management consulting business:

For further info, check out these books and products:

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39. Start an efficiency consulting business

Examples of a successful efficiency consulting business:

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

For further info, check out these books and products:

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40. Start a safety consulting business

Examples of a successful safety consulting business:

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

For further info, check out these books and products:

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41. Start a quality management consulting business

Examples of a successful quality management consulting business:

Here are some great videos on how to get started with a quality management consulting business:

For further info, check out these books and products:

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42. Start an interior design consulting business

Examples of a successful interior design consulting business:

Here are some great videos on how to get started with a interior design consulting business:

For further info, check out these books and products:

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43. Start a stress management consulting business

Examples of a successful stress management consulting business:

Here are some great videos on how to get started with a stress management consulting business:

For further info, check out these books and products:

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44. Start an image consulting business

Examples of a successful image consulting business:

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

For further info, check out these books and products:

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45. Start a management consulting business

Examples of a successful management consulting business:

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

For further info, check out these books and products:

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46. Start a pr consulting business

Examples of a successful pr consulting business:

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

For further info, check out these books and products:

47. Start a lactation consulting business

Examples of a successful lactation consulting business:

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

For further info, check out these books and products:

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48. Become a budget consultant

Examples of a successful budget consultant:

Here are some great videos on how to get started with a budget consultant:

For further info, check out these books and products:

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49. Start a website consulting business

Examples of a successful website consulting business:

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

For further info, check out these books and products:

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50. Start a diversity consulting business

Examples of a successful diversity consulting business:

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

For further info, check out these books and products:

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Starter Story,   Founder of Starter Story

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