49 Business Ideas For Data Scientists You Can Start Today [2024]
Interested in starting a data scientist business in 2024?
We put together 48 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
A Customer Relationship Management (CRM) software keeps track of prospects, clients and their contacts and also helps you monitor your sales pipeline as well as to create reports for business intelligence.
The CRM market is a $50B and growing industry.
How much you can make: $5,000 — $2,100,000/month
How long does it take to build: 150 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
2. Develop an online survey tool
Online survey tools are a great way for businesses to gather customer feedback. They offer a convenient and cost-effective way to collect data from large groups of people. This service offers a variety of features, including a survey builder, a data collection tool, and a reporting system.
If you are interested in starting a business that helps businesses to gather customer feedback, then starting an online survey tool could be a great option for you. This business is growing in popularity as more businesses are using online surveys to collect data.
Typeform is a popular online survey tool that allows you to ask customers questions and get their feedback on the product. This can be used for many different purposes such as improving services or developing new products. Typeform told TechCrunch on the occasion of today’s funding announcement that its annual recurring revenue surpassed $70 million in 2021 after tripling over the preceding three years.
Building an online survey tool is a good business idea because there is a lot of demand for data collection. Businesses need to know more about their customers in order to be able to make better decisions.
How much you can make: $1,000 — $1,600,000/month
How long does it take to build: 180 days (?)
QuestionPro's Founder, Vivek Bhaskaran, shares the story of how he started the most robust survey software on the market, which has provided innovative technology to Fortune 100 companies, academic institutions, small businesses, and individual DIY researchers for over 12 years.
3. Start an app for music producers
How much you can make: $200 — $69,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 175 days (?)
Musicspace.io is a music catalog management platform that has attracted 100 users in under two months entirely bootstrapped, with plans to handle independent and non-independent artists of all sizes, while offering additional features such as a Milestones product for users to track their achievements, goals, and milestones.
4. Start a content writing company
Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.
Becoming a content writer allows you to work as your boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.
Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.
To start a content writing company, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline operations.
How much you can make: $1,000 — $250,000/month
How much does it cost to start: $550 (?)
How long does it take to build: 30 days (?)
Scribly.io, a subscription-based copywriting service providing high quality content that helps businesses scale at roughly 50% of the cost of hiring in-house, created by Dani, a first-time entrepreneur who started with just a few hundred dollars worth of projects and with the help of three other writers; as of last month, Scribly.io topped $14K monthly revenue.
5. Start an online course sales business
Do you know you can make money selling what you are passionate about? People are making money creating courses and selling them online. Common online courses include music, cooking, coding, web design, dropshipping, etc.
Thus, you can turn it into a passive income by launching online classes if you have a skill. All you need is to choose a target audience, create the online course and choose an online learning platform where you can sell the course.
The e-learning market is expected to be worth over $645 Billion in the next few years.
How much you can make: $100 — $1,666,666/month
How long does it take to build: 190 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
6. Start a robotic process automation software business
How much you can make: $14,000 — $830,000/month
How long does it take to build: 120 days (?)
Enterprise Bot CEO Pranay Jain discusses how he grew his AI chatbot platform to reach over $2 million in annual revenue, with plans to double that this year, and shares advice for aspiring founders on keeping a positive attitude and never stop learning.
7. Start a dedicated server hosting company
How much you can make: $1,000 — $124,977/month
How long does it take to build: 75 days (?)
Jake Gaba tripled his game server hosting company's monthly recurring revenue from $1,600 MRR to $5,000 MRR after buying the business for $25,000, and has since launched new services for Viking and Valheim gaming servers under a distinct and memorable central hub brand, Indifferent Broccoli.
8. Start an ecommerce store
An eCommerce business is a company that sells products or services online. Ecommerce businesses have many advantages over brick-and-mortar businesses, including lower overhead costs, increased flexibility and reach, and the ability to reach a wider audience.
eCommerce is booming right now because of the convenience and efficiency it offers consumers. Consumers can buy products from their favorite brands on a platform that makes the whole process easier than ever. They don't have to leave their homes or go out in public, they can just sit down at their computer, tablet or smartphone and browse through all of the options available to them.
To start an ecommerce business, you'll need to set up a website where customers can browse your inventory and purchase items, as well as payment processing software that allows you to accept credit card payments. You'll also need to choose a shopping cart software and manage inventory tracking software.
How much you can make: $450 — $62,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
9. Start a dating website
A dating website is a great way to connect people who are looking for love. It is a platform that helps people to find and connect with potential romantic partners. This service offers a variety of features, including a profile creation tool, a search engine, and a messaging system.
If you are interested in starting a business that helps people find love, then starting a dating website could be a great option for you. This business is growing in popularity as more people are looking for ways to meet partners online.
Tinder has taken over the world! It is so popular that it brings in revenues of $1.4B per year.
Some recent trends that are making dating websites more popular include the growth of the online dating market, the rise of mobile dating apps, and the increasing acceptance of online dating.
How much you can make: $1,300 — $11,250,000/month
How long does it take to build: 47 days (?)
This case study follows Pat Stedman, founder of The Dynamic Man, LLC, and his journey to building a successful dating and relationship coaching business that now earns around $25,000 - $35,000 per month through coaching services and passive income products like his 19-hour video masterclass.
10. Start a customer intelligence analytics business
Customer intelligence analytics is all about understanding your customers and using that data to improve your business. It is a process of analyzing customer data to generate insights that can be used to improve business decisions.
Starting Customer intelligence analytics is a great business idea for those who are good at analyzing data and have strong communication skills. If you can help businesses to understand their customers better, then you will be in high demand!
VERINT is a global leader in Actionable Intelligence solutions. Verint's customer intelligence analytics platform helps organizations make sense of customer interactions and turn them into valuable insights. In 2022, Verint Systems Inc generates $1.3B in revenue.
This business idea is growing in popularity because it's a process that can be used by all businesses. Small businesses can use it to make better decisions about their marketing and sales strategies, while larger businesses can use it to improve their customer retention rates.
How much you can make: $8,000 — $916,666/month
How long does it take to build: 345 days (?)
United World Telecoms' founder saw explosive growth potential in the international callback industry and has since created a virtual phone system, partnered with over 2000 businesses worldwide, and uses Google Ads, SEO, and email marketing to promote customer satisfaction.
11. Create a web development course
A web development course is an educational program designed to teach individuals the skills and knowledge needed to create and maintain websites and web applications.
These courses typically cover programming languages, such as HTML, CSS, and JavaScript, as well as frameworks, databases, and other tools relevant to web development. Courses may be offered by educational institutions, online platforms, or coding bootcamps, catering to beginners or those looking to enhance their existing skills in the field of web development.
How much you can make: $500 — $110,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
No Code MBA founder, Seth Kramer, has built a training platform for entrepreneurs who want to learn how to launch their very own businesses and build apps using no-code tools, recording over 150 real-world video lessons which have resulted in over 400 paid members in just 6-months and a focus on growing the No Code MBA community.
12. Start a vr-based sports streaming service
Sporting is one of the domains where VR technology is put to use effectively and aggressively. VR technology enables users to amplify the sporting experience in nearly every field, including consuming content.
A Sports VR streaming service replicates the experience of being courtside at a game where a team is playing, so the user can view favorite sporting events in VR. The service provides a myriad of content, including live streaming sporting events such as the US Open, golden state warriors’ games, and other sports.
With a sports VR streaming service, no more paying for parking and expensive concessions! All the users need are VR headsets and can enjoy their favorite sports through the VR streaming service. Starting a VR streaming service is fun and a lucrative business opportunity.
How much you can make: $300,000/month
How long does it take to build: 180 days (?)
Esports management software company ggCircuit has doubled its revenue every year since inception and amassed $4 million in revenue in the past year alone, while offering services to over 700 customers globally and projecting double that in revenue over the next 12 months.
13. Start a financial service business
How much you can make: $21,000 — $3,141,666/month
How long does it take to build: 100 days (?)
Contrarian Thinking is a premium membership community that teaches its 1.5 million members how to implement cash flow strategies to achieve financial freedom, with a current run rate of $3 million and a goal of $50 million ARR in five years.
14. Start an intelligent toys manufacturing business
15. Start an enterprise content management software business
How much you can make: $40,000 — $500,000/month
How much does it cost to start: $199 (?)
How long does it take to build: 10 days (?)
Filestage is a content review and approval software that started in 2015 and now has over 600 customers and 50,000 users worldwide, offering an efficient approval process for digital content such as videos, images, pdf, podcasts, and entire websites.
16. Start a fraud detection service
How much you can make: $833,333/month
SEON - the fastest-growing fraud prevention company - which recently became Hungary's most financially secure tech startup after raising a total of $106 million from IVP and Creandum, creates a customer's "digital footprint" to weed out fake accounts and stop fraudulent transactions, has helped over 5000+ merchants to date, saved over 50+ million Euro, and had 1 billion+ transactions reviewed.
17. Start a surveying business
Surveying is a business that involves the measurement, analysis, and mapping of land, structures, and other features of the earth's surface. Surveying professionals, also known as surveyors, use specialized equipment and software to collect and interpret data that is used for construction, land development, and other purposes.
To start a surveying business, you must have a thorough understanding of math and geospatial technologies and a solid attention to detail. You will also need to be licensed as a surveyor in your state, which typically requires a degree in surveying or a related field and passing a written exam.
To run a successful surveying business, you must build a strong reputation in your community by providing accurate, reliable, and timely services to your clients. You should also continually educate yourself on the latest technologies and techniques in the field and stay up to date on any changes in local regulations or laws. Additionally, it is important to have strong communication and project management skills, as you will often be working with multiple clients and stakeholders on complex projects.
In terms of marketing your business, networking with local builders, developers, and other professionals in the construction industry can be a great way to get your name out there and attract new clients. You should also consider building a website and leveraging social media platforms to showcase your services and portfolio.
Overall, a surveying business can be a rewarding and lucrative opportunity for entrepreneurs interested in working in a technically-skilled and data-driven field. With the right knowledge, skills, and marketing strategies, you can build a successful surveying business that provides valuable services to clients in your community.
How much you can make: $1,600,000/month
How long does it take to build: 180 days (?)
QuestionPro's Founder, Vivek Bhaskaran, shares the story of how he started the most robust survey software on the market, which has provided innovative technology to Fortune 100 companies, academic institutions, small businesses, and individual DIY researchers for over 12 years.
18. Start an universal payment gateway development business
How much you can make: $100,000 — $2,000,000/month
How long does it take to build: 365 days (?)
Bangladeshi MD and CEO Fida Haq established shurjoPay in the e-Commerce sector in 2010, a payment gateway as a merchant service provider so MSMEs could accept online payments in a country that lacked such a solution; now averaging $1.5M in transactions per month with 600 merchants, and expanding services with QR-based payments and payment links.
19. Start a commercial uavs manufacturing business
20. Start a marketing and sales business
How much you can make: $35,000 — $8,333,333/month
How long does it take to build: 180 days (?)
Sniply is a custom URL shortener that adds a custom CTA button to any page shared on social media, with 550 paying customers, including large marketing companies, and an annual revenue of about $420k, revolutionizing content marketing.
21. Start a search engine analytics service company
How much you can make: $3,500 — $250,000/month
How much does it cost to start: $5,050 (?)
How long does it take to build: 45 days (?)
Flying V Group, a digital marketing agency co-founded by Robb and Tyler Fahrion, has experienced explosive growth and profitability through their focus on SEO and content marketing, generating 540% more traffic in 2020 compared to the previous year, and increasing revenue YoY, all while operating debt-free and cash-positive.
22. Start a data analytics blog
The rise of data-driven decision-making, the growth of the internet, and the increasing popularity of blogs are all trends that are making this business more popular. Data analytics is becoming increasingly important for businesses as they look for ways to make better decisions. The internet has made it easier for people to share information, and blogs are a great way to reach a wide audience.
A data analytics blog is a great way to share your knowledge and insights on data analytics with the world. This type of blog can be used to educate people on the latest trends in data analytics, share tips and tricks, or build brand awareness.
Some personal qualities that are important for this kind of business include being knowledgeable about data analytics, being able to write well, and engaging with your audience. It's also important to be able to keep up with the latest trends in data analytics so that you can provide your readers with the most up-to-date information.
Towards Data Science is one of the most popular blogs that publish a range of data analytics concepts, ideas, and code. According to Growjo, Towards Data Science's estimated annual revenue is currently $90.3M per year.
Starting a data analytics blog can provide you with a steady income stream and help you build a reputation as an expert in the field. Data analytics blogs can also be a great way to connect with other data analysts and learn about new trends and developments in the field.
How much you can make: $20 — $450/month
How much does it cost to start: $1,850 (?)
How long does it take to build: 90 days (?)
Beam Analytics offers GDPR-compliant web analytics including funnel analysis, cohort retention, and custom event tracking, with a generous free tier and pricing starting at just $11/month, attracting over 100 users within two weeks of launching.
23. Start a data management software company
How much you can make: $10,000 — $1,000,000/month
How long does it take to build: 120 days (?)
Pup-eeze, a wellness tracker for dogs that tracks activity, monitors location and automates their lives, was created by Chelsea Rhoads and Elizabeth Hess after realizing how difficult it was to travel with dogs, and now has a consumer-facing application for pet owners to monitor their pets' data and visualize trends.
24. Start a text messaging consulting business
How much you can make: $2,000/month
How much does it cost to start: $515 (?)
How long does it take to build: 60 days (?)
Porterhouse, a mass-texting service, brings in $2,400 in monthly revenue after just 1.5 years in business, targeting professional sports teams, personal trainers, and real estate agents with the ability to send authentic blue iMessages to iOS recipients from a user's own cell phone number.
25. Start a personal data protection business
26. Start a credit card analytics business
A credit card analytics business involves collecting and analyzing credit card transaction data to provide clients with insights and recommendations. This can include analyzing spending patterns, identifying potential fraud, and providing recommendations for optimizing credit card usage.
To run a successful credit card analytics business, it is important to have a strong understanding of data analysis and financial concepts. It may also be helpful to have a background in finance or economics. It is also essential to build strong relationships with credit card companies and financial institutions to access the necessary data.
Another key to success in this line of business is staying up-to-date on industry trends and regulations and constantly seeking out new technologies and techniques to improve the accuracy and efficiency of your analyses.
It is also essential to clearly communicate the value of your services to potential clients and clearly outline the benefits of working with your company. Building a solid reputation and providing high-quality results will be essential for attracting and retaining clients.
Overall, a credit card analytics business can be a lucrative opportunity for entrepreneurs with a solid financial background and a passion for data analysis. This business can provide valuable insights and recommendations for optimizing credit card usage by staying up-to-date on industry trends and building strong relationships with clients.
How long does it take to build: 800 days (?)
27. Build an online research software
As the business world grows more complex, the need for reliable and effective online research software becomes more important. Online research software can help businesses save time and money by providing access to a wealth of information.
This type of software is used for a variety of purposes, such as academic research, market research, or competitive intelligence.
For example, Trello is powerful online research software that can help you organize and keep track of your research projects. With Trello, you can create custom boards to track your progress on specific projects, set deadlines, and collaborate with other researchers. Trello's estimated annual revenue is currently $15.8M per year.
Online research software is a great tool for businesses looking to better understand their customer base. The data collected by this process can be rich and informative, as it includes insights that help you grow your business in ways other methods may not address as accurately or completely.
How much you can make: $5,000/month
How long does it take to build: 635 days (?)
AcademicInfluence.com helps parents and students find colleges that are a good fit with their revolutionary machine learning system to identify and track the influence of the faculty and alumni, resulting in over 100,000 organic search visits per month.
28. Start a cognitive science business
29. Start an advanced analytics services company
How much you can make: $8,000/month
AppstoreSpy is a mobile app intelligence tool that helps app developers and marketers monitor their competition, conduct research, and select effective keywords for their apps, resulting in a 113% growth in the last 4 months.
30. Start a data mining consulting business
Data mining consultants extract information to uncover hidden patterns, market trends, customer preferences, and other critical business information. Data mining applications include:
- Financial data analysis
- Retail industry
- Telecommunication industry
- Biological data analysis
- Intrusion detection
Are you looking for a well-paying business opportunity in the data science field? Consider becoming a data mining consultant.
How much you can make: $4,000 — $105,000/month
How long does it take to build: 90 days (?)
Addepto is an AI consulting business that has grown to over 30 employees and generated $1.26 million per year by offering customized solutions to clients, minimizing business risks with AI, integrating data from multiple sources, and optimizing logistic processes.
31. Start a business intelligence consulting service
How much you can make: $1,000 — $105,000/month
How long does it take to build: 350 days (?)
Addepto is an AI consulting business that has grown to over 30 employees and generated $1.26 million per year by offering customized solutions to clients, minimizing business risks with AI, integrating data from multiple sources, and optimizing logistic processes.
32. Start an uber service
33. Start a VR data visualization business
VR data visualization service allows users to experience aggregated data in a virtual environment. Typically, data visualization enables the user to see analytics presented visually so the user may understand what data is communicating.
VR data visualization is in demand across different industries. The service allows engineers, designers, and other professionals to work with real-time data and virtually walk into their data so they can study it from every perspective.
If you love working with VR and are passionate about data analysis, you can consider starting a VR data visualization business. With the high demand for VR visualization services, you can turn your passion into a lucrative business opportunity.
How much you can make: $10,000/month
How long does it take to build: 120 days (?)
Pup-eeze, a wellness tracker for dogs that tracks activity, monitors location and automates their lives, was created by Chelsea Rhoads and Elizabeth Hess after realizing how difficult it was to travel with dogs, and now has a consumer-facing application for pet owners to monitor their pets' data and visualize trends.
34. Start an intelligent customer acquisition service company
How much you can make: $15,000 — $916,666/month
This case study is about Abhishek Kumar, the founder of Deep Research, a boutique market research agency that helps startups gather customer insights and guide their product and growth strategies. With revenues consistently growing over the past 10 months, they have achieved their highest revenue of $15,000 last month through continuous service evolution and increased value.
35. Start a private cloud servers business
36. Start a mlm software company
How much you can make: $6,000/month
How long does it take to build: 180 days (?)
Apps: Lab KE is a software development company generating $3,500 per month, specializing in problem-solving using technology and data for businesses and communities.
37. Start a business matching service
38. Start an online data protection business
How much you can make: $10,000/month
How long does it take to build: 180 days (?)
This case study is about a cybersecurity company that developed a state-of-the-art information security solution that deter leaks of sensitive documents and detects leak sources in the case of an incident, with annual turnover of almost $2 million and a patented algorithm that applies invisible anti-leaks marks to documents, making 27,000 copies for every person on Earth.
39. Start a data analysis service
A data analysis service is a great way to help businesses make sense of their data. This type of service can be used to provide insights into customer behavior, improve marketing campaigns, or simply help businesses make better decisions.
If you're interested in starting up a data analysis service, You will need knowledge in data analysis and the ability to communicate effectively with clients so they can benefit from what insights have been found by analyzing their information properly - this way it's not just about making money but also helping others!
iTechArt is a leading custom software development company that helps both startups and enterprises streamline their analytics process. They also generated revenue of $209 billion in 2019, while creating more than a million jobs over the past three years.
Starting a data analysis service is a perfect business idea for those with analytical skills and a desire to help businesses to make better use of their data. This business is in high demand and can be very profitable, with data analysts earning high salaries.
How much you can make: $20 — $2,500,000/month
How long does it take to build: 90 days (?)
Founder of PropertyData creates a subscription website for UK property investors and developers that is now making $128,000 per month in recurring revenue.
40. Start a security software sales business
41. Start a fitness equipment manufacturer
Are you searching for a new business opportunity that will enable you to utilize your design and construction skills? Perhaps you should consider starting a business that manufactures fitness equipment. The main requirements for succeeding in this manufacturing business are a well-equipped workshop, design and construction experience, and good marketing skills.
The fitness equipment manufactured can include weight benches, weight stands, and squat stands, just to mention a few. Once the fitness equipment is constructed, selling can be wholesale to national and specialty retailers or directly to the public via a factory direct showroom or the Internet.
How much you can make: $240,000 — $771,000/month
How long does it take to build: 120 days (?)
Ironmaster, a multi-million dollar company, manufactures and sells their brand of home gym fitness equipment domestically and in over 20 international markets, with their top-selling product being a patented adjustable dumbbell system called Quick-Lock Dumbbells, providing quality strength training gear for individuals who want to have their gym at home.
42. Start a sports betting website
Sports betting has continued to become popular over the past years. Although sports betting is still not legal everywhere, the global betting market is huge and can be lucrative. If you love sports and looking for a profitable sporting-related business, you may consider starting a sports betting website.
However, before starting your sports betting website, make sure sports betting is legal in your state and that you have the required permits and licenses.
How much you can make: $30,000/month
How long does it take to build: 175 days (?)
Discover how Sean Green turned his sports gambling podcast into a multi-million media empire generating $30K/month in revenue and over a million downloads annually.
43. Start a data analytics software business
Data analytics is a crucial aspect of an organization’s decision-making process. It involves the collection, analysis, and interpretation of data to gain insights and make informed decisions.
If you’re interested in starting a business in this field, the first step is identifying a particular industry or niche you want to serve.
Once you have a clear idea of your target market, you can begin developing user-friendly software that addresses that niche’s specific data analysis needs. This may involve creating custom reporting tools, dashboards, and other features that help your clients visualize and interpret their data.
Once your software is ready, you’ll need to market it effectively to potential clients. This may involve emphasizing the simplicity and efficiency of your tools and the value they bring to your client’s decision-making processes.
By focusing on your target market’s unique needs and challenges, you can build a successful data analytics business that delivers real value to your customers.
How much you can make: $1,000 — $4,200,000/month
How long does it take to build: 180 days (?)
Diesel Laptops, a B2B company that sells diesel diagnostic hardware, software, and services, successfully doubled revenue each year to make $20 million annually within three years, grew from its founder's garage and dining room table to a 21,000 square foot facility with over 90 employees by listening to customer pain points and offering the bundled products, technical support and repair information to attract and retain diesel technicians and repair shop owners.
44. Start a market researching business
Market research analysts research, compile, and analyze information on products and market conditions. The experts identify potential new markets, sales opportunities, and effective marketing strategies.
The employment of market research analysts is projected to grow rapidly over the coming years.
If you love helping businesses reach strategic decisions to excel and beat the competition, then starting a market research business can be fun and rewarding.
How much you can make: $15,000/month
How long does it take to build: 550 days (?)
This case study is about Abhishek Kumar, the founder of Deep Research, a boutique market research agency that helps startups gather customer insights and guide their product and growth strategies. With revenues consistently growing over the past 10 months, they have achieved their highest revenue of $15,000 last month through continuous service evolution and increased value.
45. Start a data monetization business
How much you can make: $150,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 90 days (?)
Digital Caramel brings in a monthly revenue of $150,000 through their high-yield website monetization technology and commitment to quality customer service, with the company expanding their focus to include developing new technologies and alternative solutions to increase website monetization.
46. Start a data mining and analytics tools business
How much you can make: $450 — $80,000/month
How much does it cost to start: $6,000 (?)
How long does it take to build: 120 days (?)
Data Fetcher is a no-code tool that imports data into Airtable which has reached 190 paying customers in just over a year after launch and is making $6500 in MRR, with a goal of reaching $30k+ in MRR, for aspiring founders looking to bootstrap an app to life-changing revenue as a solo founder.
47. Start an AI business analysis service
Welcome to a future where artificial intelligence meets business analysis. An AI business analysis service is a unique firm harnessing the power of advanced AI to deliver in-depth, real-time analysis, helping businesses make data-driven decisions.
By leveraging AI capabilities, this service meticulously extracts and evaluates complex business data patterns, translating them into easy-to-understand insights. These insights serve to improve operational efficiencies, enhance strategic planning, and open new avenues for revenue generation, giving businesses a competitive edge.
For potential entrepreneurs, this field presents an opportunity to not only provide an innovative solution but also immerse oneself in the rapidly evolving landscape of AI technology. The marriage of AI and business analysis is still in the early stages of discovery, offering endless potential to trailblazers prepared to undertake the systematic exploration and learning that this venture requires. As businesses continue to seek smarter strategy solutions, the demand for this service is anticipated to experience exponential growth.
How much you can make: $41,400,000/month
LivePerson founder Robert LoCascio has grown his business to become the market leader in intelligent engagement solutions, with over 18,000 clients and $500M in revenue, offering conversational tools such as AI-powered chatbots and customer sentiment analysis.
48. Start a bitcoin hardware mining business
A bitcoin hardware mining business uses specialized computer equipment to validate and verify transactions on the bitcoin network. This process, known as mining, requires a significant amount of computing power and electricity.
You will need a few key things to start a successful bitcoin hardware mining business. First, you must purchase specialized equipment such as ASIC miners or graphics processing units (GPUs). These devices are specifically designed for mining and will be the foundation of your business.
Next, you must find a location to set up your mining equipment. This space should have stable electricity, good ventilation, and a reliable internet connection. You may also need additional cooling equipment to keep your miners running at optimal temperatures.
In addition to the hardware and infrastructure, you will also need a strong understanding of bitcoin and the mining process. This will allow you to make informed decisions about the types of equipment to purchase and the most efficient way to operate your business.
Finally, it’s important to have a solid business plan in place. This will help you to track your expenses, profits, and growth over time. With the right combination of hardware, knowledge, and a solid business plan, you can build a successful bitcoin hardware mining business.
How much you can make: $30,000/month
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- 4,818 founder case studies
- Access to our founder directory
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
