49 Business Ideas For Data Scientists You Can Start Today [2022]

49 Business Ideas For Data Scientists You Can Start Today [2022]

Interested in starting a data scientist business in 2022?

We put together 49 of the best data scientist businesses you can start in today.

For each business idea, we’ll show you real-world examples of other data scientist businesses to help you see what it really takes.

Here's the full list:

1. Start a crm business ($360K/year)

How Much Can You Make?
$5,000 — $2,100,000/month
Average Initial Investment
$229,166
Skills

Oleksii Avramenko from Chernivtsi, Chernivtsi Oblast, Ukraine started EspoCRM almost 11 years ago, a CRM business.

  • Revenue: $30,000/ month
  • Founders: 3
  • Employees: 1
  • Location: Chernivtsi, Chernivtsi Oblast, Ukraine

Case Study

When I was still pursuing a MA degree in Computer Science, I, together with my groupmate Taras Machyshyn, already worked as a developer in one of the local outsourcing companies. There, I got acquainted with Yuri Kuznetsov (who was obtaining a MA degree in Applied mathematics). At that time, we had loads of projects and cut our teeth on coding and developing solutions for businesses. Back then, we were young, ambitious and we wanted freedom. At some point, we understood that we grew out of that company and decided to start our own business.

We launched our company in 2011. At first, we offered outsourcing business development services. Back in those days, we worked with CRM systems and other business solutions a lot. After some time, we understood that the market lacked software that would be a universal, budget-friendly solution for any company irrespective of its size and type. Realizing that the CRM market needs such a platform, I put forth a proposal to discuss the future of CRM software. This discussion marked the beginning of creation and work on EspoCRM.

Understanding that each of us has our own strengths, we divided the project into parts and started turning our idea into reality. Taras Machyshyn was working on the back-end and API interface, Yuri Kuznetsov was developing the front-end and UI/UX, while I was busy with website creation, database administration, and marketing. In 2014, after several months of the complicated development process, we released the first version of EspoCRM.

how-we-developed-a-30k-month-open-source-crm

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

How Much Can You Make?
$16,000 — $1,600,000/month
Time To Revenue
270 days
Skills

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

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

Case Study

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

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

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

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

3. Start a music streaming app ($0/year)

How Much Can You Make?
$70,000/month
Average Initial Investment
$6,500
Skills

Joel Fickson Ngozo from Lilongwe, Malawi started Vwaza Multimedia over 2 years ago, a music streaming app.

  • Revenue: $0/ month
  • Founders: 1
  • Employees: 2
  • Location: Lilongwe, Malawi

Case Study

In 2020 I posted on Twitter and Facebook of an idea that would empower African creators in the music business by making sure they would earn something. I looked at how most digital distribution platforms don't really pay artists that well and let alone African Artists. This is how the idea came up. I received a lot of motivation from so many people telling me that I should develop the app. So I embarked on the journey of developing it.

I once was a rapper and I have friends who always complain about their music not selling or even getting nothing out of it. That combined with my technical expertise in programming, I began developing the web app and later on started working on the mobile app.

Since I'm close to so many friends who are into music, I sent them the beta for them to try it out and give feedback. It was great because they really loved it and that kind of helped me a lot in the whole development life cycle.

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

4. Start a podcasting business ($480K/year)

How Much Can You Make?
$6,000 — $150,000/month
Average Initial Investment
$33,433
Skills

Marti Sanchez from Charlotte started Influence Podium over 2 years ago, a podcasting business.

  • Revenue: $40,000/ month
  • Founders: 1
  • Employees: 6
  • Location: Charlotte

Case Study

The idea behind Influence Podium started back in college. I used to play NCAA basketball and we could only work a certain number of hours per week. As an immigrant who had just moved from Barcelona, I would “ghostwrite” my classmates’ papers for $10/page (money back if I got them less than a B, of course).

After I graduated, I had a short stint in finances (I lasted 30 days) until I quit and moved back to Spain. There, I went back to the one skill I knew I had -- writing.

I wrote on Quora for 6 months, got 2 million views, and a few people started reaching out to me to ghostwrite for them. They happened to be B2B CEOs, and that’s when I learned the power of content, personal branding, and inbound marketing.

how-i-started-a-30k-month-personal-branding-content-service-for-b2b-ceos

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

How Much Can You Make?
$1,500 — $800,000/month
Average Initial Investment
$80,670
Time To Revenue
300 days
Skills
Business model

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

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

Case Study

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

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

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

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

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

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

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

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

How Much Can You Make?
$14,000 — $833,333/month
Skills

Pranay Jain from Zürich started Enterprise Bot about 6 years ago, a robotic process automation software business.

  • Revenue: $150,000/ month
  • Founders: 3
  • Employees: 62
  • Location: Zürich

Case Study

I founded Enterprise Bot alongside my wife, Ravina Mutha, and our CTO Sandeep Jayasankar. I come from a long line of entrepreneurs in Pune, India, and I originally planned to work in my family’s business. However, I realized very quickly that I wanted to forge my own path. I attended university in the United States, and while studying business I ended up doing an internship with the university’s web services. I was fascinated by information technology, particularly its problem-solving nature, and decided that I wanted to pursue business in tech.

I was particularly interested in AI, and my first venture was a messenger service that integrated AI into a Whatsapp-style interface. The app used AI to enhance the user experience by linking suggestions and shortcuts based on the conversation. I quickly realized that people didn’t want AI involved in their private conversations. It was a challenging time, but my work in AI had gotten attention and I used the opportunity to pivot.

With a new idea for a conversational AI service, I was accepted into Startupbootcamp London. I had a strong network in London, but Brexit led many UK businesses to pause significant decisions, and I knew we wanted to expand our base in Europe. We had the opportunity to join F10 in Switzerland, which was meant to be five weeks. We ended up fully relocating, and are now based in Zurich.

how-we-developed-a-2m-year-ai-chatbot-platform

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

How Much Can You Make?
$1,000 — $5,040/month
Skills

Jake Gaba from New York, NY, USA started Indifferent Broccoli over 1 year ago, a dedicated server hosting company.

  • Revenue: $5,040/ month
  • Founders: 1
  • Employees: 1
  • Location: New York, NY, USA

Case Study

Last fall, I started my MBA at Stanford’s Graduate School of Business, but for a variety of reasons elected to take a one-year leave of absence after completing my first quarter. While Covid’s effect on the business school experience was a factor in my decision, my main motivation was the opportunity to craft my own entrepreneurial “independent study.” Taking a gap year from school is a perfect time to start a business for the entrepreneurially inclined. I have the freedom to commit to my new business, but also a diamond-encrusted safety net to fall back on at the end of the year. I spent winter break brainstorming ideas for how to spend my year away.

Growing a business is like getting fit. It is simple, but not easy. If you lift progressively heavier weights three times a week for a year, you’ll become jacked. The challenge comes from staying disciplined over a long period of time.

My only constraint was the idea needed to be video game-related. My background is in computer science and digital art, and video games are the perfect overlap for someone with both a technical and creative mind--an ambidextrous brain as my former employer called it. After compiling over 100 potential project ideas--from starting an eSports team to building a game studio focused on making one-versus-many games for Twitch streamers to play against their audience--I ultimately decided to buy an existing business. With only a year to dedicate to the entrepreneurial endeavor, I realized starting from scratch was not feasible.

i-left-stanford-bought-a-small-website-tripled-revenue-in-6-months

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

How Much Can You Make?
$100 — $1,400,000/month
Average Initial Investment
$618,317
Skills

Nick and Angelica from Virginia Beach, Virginia, USA started Romans Tide over 7 years ago, a ecommerce platform.

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

Case Study

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

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

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

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

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

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

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

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

How Much Can You Make?
$1,300 — $11,250,000/month
Average Initial Investment
$13,500
Time To Revenue
180 days
Skills
Business model

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

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

Case Study

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

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

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

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

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

How Much Can You Make?
$13,800 — $840,000/month
Skills

THIERRY GENOYER from started United World Telecom dba Global Call Forwarding over 26 years ago, a customer intelligence analytics business.

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

Case Study

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

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

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

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

11. Create a web development course ($72K/year)

How Much Can You Make?
$500 — $6,000/month
Skills

Seth Kramer from Washington D.C., DC, USA started No Code MBA over 2 years ago, a web development course.

  • Revenue: $6,000/ month
  • Founders: 1
  • Employees: 0
  • Location: Washington D.C., DC, USA

Case Study

I’ve been an entrepreneur for almost 10 years now - I started my first business in college - a meal plan service for college students. I worked on it on nights and weekends while I had a full-time job at a startup, eventually grew it to a 7-figure business, and was able to become a full-time entrepreneur.

I’m always looking for different tools and opportunities, and have been using many no-code tools including Zapier, Typeform and Squarespace before “no-code” was a trend.

About a year ago I came across Glide, a no-code tool to build apps using a google sheet as the backend. At the time, I was looking for a new side-project to start and decided to create a conference app business using Glide called ConferenceTap

the-6k-month-website-that-teaches-how-to-launch-businesses-and-build-apps-with-no-code-tools

12. Start a vr-based sports streaming service

How Much Can You Make?
$300,000/month
Average Initial Investment
$25,250
Skills

Examples of a successful vr-based sports streaming service :

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

For further info, check out these books and products:

Learn more about starting a vr-based sports streaming service ➜

Case Study

I’m Zack Johnson, and I run ggCircuit,which provides premium software, services, and support for esports arenas around the world.

UC Irvine Esports Arena - One of our first university customers in 2016

we-offer-premium-services-for-e-sports-arenas-worldwide-3-6m-year

13. Start a financial service business

How Much Can You Make?
$500,000/month
Skills

Examples of a successful financial service business:

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

For further info, check out these books and products:

Learn more about starting a financial service business ➜

Case Study

I started Financial Revision Group, Inc. as a result of going through a nasty divorce. My ex was deployed overseas at the time, and the judge ordered that I pay the accumulated debt.

I knew what I had done for me could be just what others needed going through the similar experiences I had gone through. I started by helping friends and family members with their financial situations and they started seeing results so that’s how it all started.

how-this-army-veteran-started-a-financial-coaching-business

14. Start a financial service company

How Much Can You Make?
$500,000 — $1,833,333/month
Skills

Examples of a successful financial service company:

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

For further info, check out these books and products:

Learn more about starting a financial service company ➜

Case Study

I started Incomlend with a partner, Dmitri Kouchnirenko, back in January 2016. With an initial startup capital of US$465,000, we launched the business in Singapore with a core team of five people.

Our team covers the main financial industry areas: legal, credit analysis, risk, recovery, compliance, and the usual sales and admin functions.

on-building-an-online-financing-marketplace-from-singapore

15. Start an intelligent toys manufacturing business

Examples of a successful intelligent toys manufacturing business:

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

For further info, check out these books and products:

Learn more about starting an intelligent toys manufacturing business ➜

article

16. Start an enterprise content management software business

How Much Can You Make?
$40,000/month
Skills

Examples of a successful enterprise content management software business:

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

For further info, check out these books and products:

Learn more about starting an enterprise content management software business ➜

Case Study

Hey! My name is Marti Sanchez and I am the CEO of Influence Podium. We help B2B CEOs get placed on podcasts their target audience listens to and repurposes those episodes into LinkedIn or Twitter content to grow their personal brand and drive inbound.

We just crossed $30k MRR and are looking to hit seven figures by the end of the year. We’re a young company in our 3rd year in business, and completely self-funded.

how-i-started-a-30k-month-personal-branding-content-service-for-b2b-ceos

17. Start a fraud detection service

Examples of a successful fraud detection service:

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

For further info, check out these books and products:

Learn more about starting a fraud detection service ➜

article

18. Start a surveying business

Examples of a successful surveying business:

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

For further info, check out these books and products:

Learn more about starting a surveying business ➜

article

19. Start an universal payment gateway development business

How Much Can You Make?
$100,000 — $2,000,000/month
Skills

Examples of a successful universal payment gateway development business:

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

For further info, check out these books and products:

Learn more about starting an universal payment gateway development business ➜

Case Study

Hi! This is Fida Haq and I am the MD and CEO of shurjoPay since its inception in 2010.

During Q1 of 2021, shurjoPay is averaging a transactional volume of USD 1.5M per month with the total number of merchants exceeding 600. We believe shurjoPay's impact in bringing about a change in the country’s online payment collection system has been transformational.

how-we-developed-a-1-5m-month-online-payment-gateaway

20. Start a commercial uavs manufacturing business

Examples of a successful commercial uavs manufacturing business:

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

For further info, check out these books and products:

Learn more about starting a commercial uavs manufacturing business ➜

article

21. Start a marketing and sales business

How Much Can You Make?
$35,000 — $130,000/month
Skills

Examples of a successful marketing and sales business:

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

For further info, check out these books and products:

Learn more about starting a marketing and sales business ➜

Case Study

Hi there, I'm Aida, and I'm CEO & Co-Founder at ProDigi. Let me tell you our story.

how-we-started-a-90k-month-video-production-and-digital-marketing-agency

22. Start a search engine analytics service company

How Much Can You Make?
$3,500 — $250,000/month
Skills

Examples of a successful search engine analytics service company:

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

For further info, check out these books and products:

Learn more about starting a search engine analytics service company ➜

Case Study

Hi there, my name is Robb Fahrion and I am the Co-Founder and Partner of Flying V Group, a digital marketing and advertising company located. We service clients all across the globe and help them grow their business through the power of the internet. My passion is for business and there is nothing more rewarding than helping others grow their businesses and share in their successes.

Today, Flying V Group employs 12 people, has worked with over 300 clients, operates internationally, and is on pace to double revenue for the second year in a row. Crazy to think about being here when my brother and I both got up and quit our corporate jobs and put $5k into the project to get us started!

these-brothers-quit-their-jobs-started-a-3m-year-digital-marketing-agency

23. Start a data analytics blog

How Much Can You Make?
$450 — $4,500/month
Skills

Examples of a successful data analytics blog:

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

For further info, check out these books and products:

Learn more about starting a data analytics blog ➜

Case Study

how-my-marketing-tool-reached-50k-in-revenue-within-5-months-of-launching

24. Start a data management software company

How Much Can You Make?
$10,000 — $1,000,000/month
Skills

Examples of a successful data management software company:

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

For further info, check out these books and products:

Learn more about starting a data management software company ➜

Case Study

My name is Chelsea Rhoads and I am the CEO/Co-Founder of pup-eeze, the smartest device on four legs. pup-eeze is a wellness tracker for dogs that tracks activity, monitors location and automates our dog’s lives by connecting them with hundreds of smart home devices giving ourselves and our dogs the ability to monitor, maintain and change the environment of the home if we’re concerned about separation anxiety or well-being.

We’ve had great success speaking with and testing the wellness tracker among those who love their dogs and love technology. We thought, “we bring our dogs on every other journey with us, why not include them in the technology journey as well?” With the overwhelming support from the technology community we were able to strategically partner with an emerging leader in the IoT enterprise solution field; Fathym.

how-i-created-and-launched-a-fitbit-for-dogs

25. Start a text messaging consulting business

How Much Can You Make?
Skills
Business model

Examples of a successful text messaging consulting business:

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

For further info, check out these books and products:

Learn more about starting a text messaging consulting business ➜

Case Study

Hi! I’m Suan, Co-Founder of Porterhouse. Porterhouse is a mass-texting service that lets you text large groups from your cellphone number with a single click. After about 1.5 years in business, Porterhouse brings in $2,400 in monthly revenue.

What makes Porterhouse different from other mass-texting services is that we send authentic blue iMessages to iOS recipients instead of green SMS, and texts come from your cell phone number instead of a different provided number.

how-we-built-a-profitable-mass-texting-app-3-5x-mrr-growth-since-last-year

26. Start a personal data protection business

Examples of a successful personal data protection business:

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

For further info, check out these books and products:

Learn more about starting a personal data protection business ➜

article

27. Start a credit card analytics business

Examples of a successful credit card analytics business:

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

For further info, check out these books and products:

Learn more about starting a credit card analytics business ➜

Case Study

The inspiration for Card Curator came after a life-changing trip that my friends and I took in 2017 to Korea and Japan, it was my most ambitious credit card-funded free travel yet. The trip was two weeks long and the estimated value of it was roughly $100,000. I consider myself an expert in earning points and miles by churning credit cards (the practice of regularly opening and closing new cards to earn lucrative sign-up bonuses) and cashing in those rewards for maximum value. So, with my expertise, I was able to offer guidance to my friends on how to pay for the trip solely based on credit card rewards alone. I began planning the trip for 10 months and advised each friend to open four to five new cards. My strategy paid off like all of our flights were first class and our hotels were 5-star, and they were all paid for through credit card sign-up bonuses and accumulated points and miles.

I went on to create an algorithm called CardArbTM, which nets our users 5-10% or more in earnings on their daily card spend. For example, users spending $50,000 a year with their credit cards can earn $5,000 or more per year, tax- and risk-free with my app. For comparison's sake, most credit cards only earn a maximum of 1-2% cashback. By having users link up their credit cards and debit cards, as well as setting a primary goal in the app, our algorithm can then analyze their current rewards and also make personalized, unbiased credit card recommendations to help them achieve their goal sooner.

how-a-credit-card-funded-trip-inspired-me-to-start-a-successful-rewards-app

28. Build an online research software

How Much Can You Make?
$5,000 — $75,000/month
Average Initial Investment
$550,000
Skills

Examples of a successful online research software:

Here are some great videos on how to get started with a online research software:

For further info, check out these books and products:

Learn more about starting an online research software ➜

Case Study

We started the company in 2018, raised a very unique round of funding, created open-sourced docs anyone can use and spent 18 months building this somewhat risky idea. When we finally launched in May 2020, we were pretty nervous the pandemic might sink our business, but thanks to high demand for this new concept, we turned the corner to profitability just six months later, and are now ~$75K in MRR.

this-moz-co-founder-created-an-online-tool-that-reached-75k-mrr-in-just-6-months

29. Start a cognitive science business

Examples of a successful cognitive science business:

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

For further info, check out these books and products:

Learn more about starting a cognitive science business ➜

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30. Start an advanced analytics services company

Examples of a successful advanced analytics services company:

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

For further info, check out these books and products:

Learn more about starting an advanced analytics services company ➜

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

How Much Can You Make?
$30,000 — $105,000/month
Skills

Examples of a successful data mining consulting business:

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

For further info, check out these books and products:

Learn more about starting a data mining consulting business ➜

Case Study

Hi, my name is Edwin Lisowski and I am a co-founder and a CTO of Addepto.

Addepto founders: on the left - Edwin Lisowski (CTO), on the right - Artur Haponik (CEO)

we-built-a-1-26m-year-ai-consulting-business-over-30-employees

32. Start a business intelligence consulting service

How Much Can You Make?
$1,000 — $105,000/month
Skills

Examples of a successful business intelligence consulting service:

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

For further info, check out these books and products:

Learn more about starting a business intelligence consulting service ➜

Case Study

Hi, my name is Edwin Lisowski and I am a co-founder and a CTO of Addepto.

Addepto founders: on the left - Edwin Lisowski (CTO), on the right - Artur Haponik (CEO)

we-built-a-1-26m-year-ai-consulting-business-over-30-employees

33. Start an uber service

Examples of a successful uber service:

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

For further info, check out these books and products:

Learn more about starting an uber service ➜

34. Start a VR data visualization business

How Much Can You Make?
$10,000/month
Average Initial Investment
$250,000
Skills

Examples of a successful VR data visualization business:

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

For further info, check out these books and products:

Learn more about starting a VR data visualization business ➜

Case Study

My name is Chelsea Rhoads and I am the CEO/Co-Founder of pup-eeze, the smartest device on four legs. pup-eeze is a wellness tracker for dogs that tracks activity, monitors location and automates our dog’s lives by connecting them with hundreds of smart home devices giving ourselves and our dogs the ability to monitor, maintain and change the environment of the home if we’re concerned about separation anxiety or well-being.

We’ve had great success speaking with and testing the wellness tracker among those who love their dogs and love technology. We thought, “we bring our dogs on every other journey with us, why not include them in the technology journey as well?” With the overwhelming support from the technology community we were able to strategically partner with an emerging leader in the IoT enterprise solution field; Fathym.

how-i-created-and-launched-a-fitbit-for-dogs

35. Start an intelligent customer acquisition service company

Examples of a successful intelligent customer acquisition service company:

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

For further info, check out these books and products:

Learn more about starting an intelligent customer acquisition service company ➜

36. Start a private cloud servers business

Examples of a successful private cloud servers business:

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

For further info, check out these books and products:

Learn more about starting a private cloud servers business ➜

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37. Start a mlm software company

How Much Can You Make?
Average Initial Investment
$1,200,000
Time To Revenue
300 days
Skills
Business model

Examples of a successful mlm software company:

Here are some great videos on how to get started with a mlm software company:

For further info, check out these books and products:

Learn more about starting a mlm software company ➜

Case Study

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

how-i-started-a-3-7k-month-software-company-in-kenya

38. Start a business matching service

Examples of a successful business matching service:

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

For further info, check out these books and products:

Learn more about starting a business matching service ➜

article

39. Start an online data protection business

Examples of a successful online data protection business:

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

For further info, check out these books and products:

Learn more about starting an online data protection business ➜

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40. Start a data analysis service

How Much Can You Make?
$1,000 — $500,000/month
Average Initial Investment
$572,891
Skills

Examples of a successful data analysis service:

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

For further info, check out these books and products:

Learn more about starting a data analysis service ➜

Case Study

My name is Chelsea Rhoads and I am the CEO/Co-Founder of pup-eeze, the smartest device on four legs. pup-eeze is a wellness tracker for dogs that tracks activity, monitors location and automates our dog’s lives by connecting them with hundreds of smart home devices giving ourselves and our dogs the ability to monitor, maintain and change the environment of the home if we’re concerned about separation anxiety or well-being.

We’ve had great success speaking with and testing the wellness tracker among those who love their dogs and love technology. We thought, “we bring our dogs on every other journey with us, why not include them in the technology journey as well?” With the overwhelming support from the technology community we were able to strategically partner with an emerging leader in the IoT enterprise solution field; Fathym.

how-i-created-and-launched-a-fitbit-for-dogs

41. Start a security software sales business

Examples of a successful security software sales business:

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

For further info, check out these books and products:

Learn more about starting a security software sales business ➜

article

42. Start a fitness equipment manufacturer

How Much Can You Make?
$240,000 — $771,000/month
Skills

Examples of a successful fitness equipment manufacturer:

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

For further info, check out these books and products:

Learn more about starting a fitness equipment manufacturer ➜

Case Study

I am Matt Dawson and am the President of Ironmaster. We manufacture and sell our brand of home gym fitness equipment domestically and in more than 20 International markets. Ironmaster specializes in strength training gear, primarily of our proprietary designs. Our primary market is individuals who want to have their gym at home.

Ironmaster is a multi-million dollar company with a rock-solid reputation as an innovator, top-level service, and one of the longest established fitness equipment manufacturers in the world.

how-i-turned-my-father-s-side-venture-into-a-9-25m-year-home-gym-equipment-brand

43. Start a sports betting website

How Much Can You Make?
$30,000/month
Average Initial Investment
$30,000
Skills

Examples of a successful sports betting website:

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

For further info, check out these books and products:

Learn more about starting a sports betting website ➜

Case Study

My name is Sean Green and I’m the co-founder of The Sports Gambling Podcast Network and co-host of The Sports Gambling Podcast. In 2011 I hosted the first episode of The Sports Gambling Podcast with my partner Ryan Kramer. At the time I didn’t realize I was starting a business, I just thought I was talking about betting on football with my buddy.

In the following ten years, we’ve grown it from two guys recording their conversation in a garage to a legit sports gambling media empire. We have over 15 shows under our brand, multi-million downloads per year and have reached $30K/month in revenue.

i-started-a-360k-year-podcast-about-sports-betting

44. Start a data analytics software business

How Much Can You Make?
$1,000 — $4,200,000/month
Skills

Examples of a successful data analytics software business:

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

For further info, check out these books and products:

Learn more about starting a data analytics software business ➜

Case Study

My name is Tyler Robertson, and I’m the founder and CEO of Diesel Laptops.

In three short years, it went from me in my dining room table and garage to a 21,000 square foot facility with over 90 employees.

diesel-laptops-from-selling-on-ebay-to-making-20m-year

45. Start a market researching business

How Much Can You Make?
$75,000/month
Skills

Examples of a successful market researching business:

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

For further info, check out these books and products:

Learn more about starting a market researching business ➜

Case Study

We started the company in 2018, raised a very unique round of funding, created open-sourced docs anyone can use and spent 18 months building this somewhat risky idea. When we finally launched in May 2020, we were pretty nervous the pandemic might sink our business, but thanks to high demand for this new concept, we turned the corner to profitability just six months later, and are now ~$75K in MRR.

this-moz-co-founder-created-an-online-tool-that-reached-75k-mrr-in-just-6-months

46. Start a data monetization business

How Much Can You Make?
$150,000/month
Skills

Examples of a successful data monetization business:

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

For further info, check out these books and products:

Learn more about starting a data monetization business ➜

Case Study

Hello, my name is Arsen Sultanyan. I am the founder and CEO of Digital Caramel company. I have been in the digital business since 2006 when we just started with software production, and I was engaged in promoting and selling the product online.

At the moment, our company generates $150,000 monthly revenue, and this is not our endpoint. We are constantly working on improving the quality of services, expanding the geography of service delivery, and developing other technological solutions that will further increase the monetization of websites.

how-i-started-a-150k-month-website-monetization-company

47. Start a data mining and analytics tools business

How Much Can You Make?
$450 — $80,000/month
Skills

Examples of a successful data mining and analytics tools business:

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

For further info, check out these books and products:

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

Case Study

Hey, guys! This is Erman, an entrepreneur and a 12+ year veteran in digital marketing. Not long ago, in 2017, I co-founded a company named Solverhood that offers productized services for companies and entrepreneurs in Upwork. Up until now, we have already completed over 300 projects and passed $500K+ in revenue with a 100% proven success rate and only positive feedback.

At Solverhood, we’ve been receiving many data-analytics-related requests from Shopify stores. As a result, we decided to create our own Shopify Data Analytics app. We did not expect these numbers at all. Analyzify empowers over 350 Shopify stores and generates $12K+/month only after 7 months since the launch - and with the first version of the app.

our-analytics-app-for-shopify-reached-12k-mrr-in-just-7-months

48. Start an AI business analysis service

Examples of a successful AI business analysis service:

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

For further info, check out these books and products:

Learn more about starting an AI business analysis service ➜

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49. Start a bitcoin hardware mining business

How Much Can You Make?
$30,000/month
Skills

Examples of a successful bitcoin hardware mining business:

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

For further info, check out these books and products:

Learn more about starting a bitcoin hardware mining business ➜

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Pat Walls,  Founder of Starter Story
Want to start your own business?

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