49 Business Ideas For Data Scientist You Can Start Today [2021]

49 Business Ideas For Data Scientist You Can Start Today [2021]

Interested in starting a data scientist business in 2021?

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)

Oleksii Avramenko from Chernivtsi, Chernivtsi Oblast, Ukraine started EspoCRM about 10 years ago, a CRM business.

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

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

-  
Oleksii Avramenko, on starting EspoCRM ($30,000/month) full story ➜

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

Vivek Bhaskaran from started QuestionPro over 16 years ago, a online survey tool.

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

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

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

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

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

-  
Vivek Bhaskaran, on starting QuestionPro ($1,600,000/month) full story ➜

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

Joel Fickson Ngozo from Lilongwe, Malawi started Vwaza Multimedia over 1 year ago, a music streaming app.

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

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

-  
Joel Fickson Ngozo, on starting Vwaza Multimedia ($0/month) full story ➜

4. Start a podcasting business ($360K/year)

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

  • Revenue: $30,000/ month
  • Founders: 1
  • Employees: 4
  • Location: Charlotte

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

-  
Marti Sanchez, on starting Influence Podium ($30,000/month) full story ➜

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

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

  • Revenue: $100,000/ month
  • Founders: 1
  • Employees: 10
  • Location: Los Angeles, California, USA

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

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

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

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

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

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

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

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

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

Pranay Jain from Zürich started Enterprise Bot about 5 years ago, a robotic process automation software business.

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

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

-  
Pranay Jain, on starting Enterprise Bot ($150,000/month) full story ➜

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

Jake Gaba from New York, NY, USA started Indifferent Broccoli 8 months ago, a dedicated server hosting business.

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

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

-  
Jake Gaba, on starting Indifferent Broccoli ($5,040/month) full story ➜

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

Nick and Angelica from Virginia Beach, Virginia, USA started Romans Tide over 6 years ago, a ecommerce platform.

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

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

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

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

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

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

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

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

-  
Nick and Angelica, on starting Romans Tide ($100,000/month) full story ➜

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

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

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

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

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

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

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

-  
Ivan Fatovic, on starting Modamily ($13,000/month) full story ➜

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

THIERRY GENOYER from started United World Telecom dba Global Call Forwarding over 25 years ago, a customer intelligence analytics business.

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

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

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

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

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

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

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

Seth Kramer from Washington D.C., DC, USA started No Code MBA over 1 year ago, a web development course business.

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

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

-  
Seth Kramer, on starting No Code MBA ($6,000/month) full story ➜

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

Examples of a successful sports vr streaming service business:

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

Learn more about starting a sports vr streaming service business ➜

article

13. Start a financial service business ($1.2M/year)

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 ➜

article

14. Start a scientific computing services business

Examples of a successful scientific computing services business:

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

Learn more about starting a scientific computing services business ➜

article

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:

Learn more about starting an intelligent toys manufacturing business ➜

article

16. Start an enterprise content management software business

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 ➜

article

17. Start a fraud detection services business

Examples of a successful fraud detection services business:

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

For further info, check out these books and products:

Learn more about starting a fraud detection services business ➜

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

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:

Learn more about starting an universal payment gateway development business ➜

article

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

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 ➜

article

22. Start a search engine analytics service business

Examples of a successful search engine analytics service business:

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

Learn more about starting a search engine analytics service business ➜

article

23. Start a data analytics blogging business

Examples of a successful data analytics blogging business:

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

For further info, check out these books and products:

Learn more about starting a data analytics blogging business ➜

article

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

Examples of a successful data management software sales business:

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

For further info, check out these books and products:

Learn more about starting a data management software sales business ➜

article

25. Start a text messaging consulting business

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 ➜

article

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 ➜

article

28. Start an online researching business

Examples of a successful online researching business:

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

For further info, check out these books and products:

Learn more about starting an online researching business ➜

article

29. Start a cognitive scientist business

Examples of a successful cognitive scientist business:

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

For further info, check out these books and products:

article

30. Start an advanced analytics services business

Examples of a successful advanced analytics services business:

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

For further info, check out these books and products:

Learn more about starting an advanced analytics services business ➜

article

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

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 ➜

article

32. Start a business intelligence consulting business

Examples of a successful business intelligence consulting business:

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

For further info, check out these books and products:

Learn more about starting a business intelligence consulting business ➜

article

33. Start an uber service business

Examples of a successful uber service business:

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

For further info, check out these books and products:

Learn more about starting an uber service business ➜

article

34. Start a data visualization business

Examples of a successful data visualization business:

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

For further info, check out these books and products:

Learn more about starting a data visualization business ➜

article

35. Start an intelligent customer acquisition service business

Examples of a successful intelligent customer acquisition service business:

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

For further info, check out these books and products:

Learn more about starting an intelligent customer acquisition service business ➜

article

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 ➜

article

37. Start a mlm software company

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 ➜

article

38. Start a business matching services business

Examples of a successful business matching services business:

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

For further info, check out these books and products:

Learn more about starting a business matching services business ➜

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 ➜

article

40. Start a data analysis business

Examples of a successful data analysis business:

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

For further info, check out these books and products:

Learn more about starting a data analysis business ➜

article

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 manufacturing business

Examples of a successful fitness equipment manufacturing business:

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

For further info, check out these books and products:

Learn more about starting a fitness equipment manufacturing business ➜

article

43. Start a sports betting website

Examples of a successful sports betting website:

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

For further info, check out these books and products:

Learn more about starting a sports betting website ➜

44. Start a data analytics software business

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 ➜

article

45. Start a market researching business

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 ➜

article

46. Start a data monetization business

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 ➜

article

47. Start a data mining and analytics tools business

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:

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

article

48. Start an AI business analysis business

Examples of a successful AI business analysis business:

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

For further info, check out these books and products:

Learn more about starting an AI business analysis business ➜

49. Start a bitcoin hardware mining business

Examples of a successful bitcoin hardware mining business:

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

For further info, check out these books and products:

Learn more about starting a bitcoin hardware mining business ➜

article

Pat Walls,  Founder of Starter Story

Discover the best strategies of successful business owners

Join our newsletter and receive our handcrafted recap with the best insights shared by founders in Starter Story each week.

Useful, convenient, and free:

Did you know that brands using Klaviyo average a 95x ROI?

Email, SMS, and more — Klaviyo brings your marketing all together, fueling growth without burning through time and resources.

Deliver more relevant email and text messages — powered by your data. Klaviyo helps you turn one-time buyers into repeat customers with all the power of an enterprise solution and none of the complexity.

Join Brumate, Beardbrand, and the 265,000 other businesses using Klaviyo to grow their online sales.

Try Klaviyo for free right now ➜

Leave a comment
Your email address will not be published.