The 54 Best Business Ideas In Ecuador [2022]

The 54 Best Business Ideas In Ecuador [2022]

Interested in starting a business in Ecuador in 2022?

We put together 54 of the best businesses you can start in Ecuador today.

In this list of ideas, you can find:

  • Home-based businesses to start in Ecuador
  • Profitable online business ideas
  • Unique business opportunities for Ecuador
  • Low investment business ideas (under $5k to start)
  • Easy businesses you can start in Ecuador today

For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in Ecuador.

Here's the full list:

1. Start an online advertising agency ($410K/month)

An online advertising agency provides business owners with a wide range of marketing services to help them reach targeted customers, and increase their product or service sales.

Services offered by online advertising agencies include creating ads, planning marketing campaigns, deciding the best platforms for reaching the target audience, and analyzing performance to help businesses make strategic marketing and advertising decisions.

How Much Can You Make?
$10,000 — $1,250,000/month
Average Initial Investment
$18,576
Skills

Case Study

Hello, my name is Luis Camacho and I am the founder of Fantôm Agency and also the host of the SaaS AdLab podcast, which is a podcast where I interview SaaS founders to learn more about their story. Fantôm is a digital advertising agency which focuses on helping mid-to-late stage SaaS (software as a service) companies scale through paid advertising channels such as Google, Facebook, and LinkedIn.

Fantôm focuses entirely on paid advertising, I guess you could say that’s the bread and butter, it’s what I’m great at but it’s also what I’m most passionate about. There were attempts to enter different service offerings but did not have as much fun doing so. Now when clients have the need for other types of marketing, say, email marketing, I point them to one of my trusted partners who are able to execute and over-deliver on such service for them. Currently, Fantôm is making roughly $8,600 per month overhead is only a couple of hundred dollars per month, about $300, which go towards tools and software needed in order to provide the best possible results for clients.

my-story-on-building-my-own-8k-month-digital-advertising-agency

2. Start a food truck ($125K/month)

Food trucks are a highly profitable business that offers customers a variety of meal options. This basically operates on a large vehicle equipped with kitchen and food products.

The initial expense of setting up a food truck business is quite low when compared to that of a restaurant. The basic expenses to start a food truck business are as follows:

  1. Food truck : There are various truck brands available in the market based on your requirements. However, to save cost, you can also buy a second-hand commercial truck that is less than 5 years old along with the insurance. In general, a commercial truck can cost between $50,000 to $90,000.
  2. Kitchen equipment: It is advisable to buy new equipment as they are mostly electronic items, in order to cut down the maintenance cost.
  3. Licenses & Permits: The cost of license and permit and other fees vary from state to state.
  4. Staff: To run a food truck, a maximum of 2 chefs are required. The average salary of a food truck cook can vary from $28,000 to $75,000 for an experienced chef.
  5. Marketing: promotion and marketing your food truck business through social media or a website.

In order to start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating in your city.

How Much Can You Make?
$29,166 — $61,650,000/month
Average Initial Investment
$27,666
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I started my career at the world-famous Century Plaza Hotel in Los Angeles Apprenticing under Certified Master Chef Raimund Hofmeister.

Food Fleet’s growth Year after year has been at an at over 30 %. From 2017-2018 we had an unprecedented 160% growth spurt. With a team of 6, including my partner and I, we managed over 20 million in sales for our clients. As an example. We took over a convention center 3 years ago managing their food truck business. For their largest event of the year, we were up 53% over the previous year. I honestly would have to equate some of that success to the under-reporting of sales by the previous operator. But the following year we were up 19% from that figure and again close to that this year. That is due in large part to our understanding of transaction times, menu mix, the equipment in each truck or pop up and other factors.

3. Start a blog ($16.7K/month)

In recent years, blogging has become a highly sought-after & lucrative Business. This is location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster's list of blogging statistics and facts:

  • Blogs have been rated as the 5th most trustworthy source of gathering online information.
  • 77% of internet users read blogs.
  • Each month, approximately 409 million people view more than 20 billion pages.

Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.

If you want to start blogging as a side hustle or as a full-time profession, first choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.

How Much Can You Make?
$400 — $160,000/month
Average Initial Investment
$2,721
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

Hello! My name is Michelle Schroeder-Gardner, and I run Making Sense of Cents, a personal finance and lifestyle website that helps readers earn more, save more, and live more.

I earn around $100,000 a month from Making Sense of Cents and have made over $5,000,000 from it over the years. Much of it is profit, as my expenses are extremely low. I am the only full-time employee of my business, but I do outsource some work. I have a virtual assistant, an editor, and a technical manager.

how-i-started-a-100k-month-blog-about-personal-finance

4. Become a mobile personal trainer ($30K/month)

Do you love helping people through their fitness journey? If you want a great side hustle to earn extra income, consider becoming a personal trainer.

The fitness trainer side hustle can be an adamant industry to earn good money. However, once you develop a reputation as a good trainer, you can get more clients through referrals. You need to register for the certification course to start offering personal trainer services in Ecuador.

To attract your first clients, consider online advertising, and seek referrals from every customer.

How Much Can You Make?
$20,000 — $100,000/month
Average Initial Investment
$100,000
Time To Revenue
240 days
Time Commitment Per Week
Min. 4 hours/week
Skills
Interests
Business model

Case Study

Hey everyone! I am Chris and in March 2011 I started Live Fit. Live Fit is a personal training company that was created to change the standards in the personal training industry. Early on I focused on building a company that is not only based on results, as most fitness companies are, but that is also focused very heavily on relationships. Relationships create trust, trust creates buy-in, and buy-in leads to the accountability and dedication it takes to get results.

how-i-started-a-60k-month-personal-training-company

5. Create an online course ($117K/month)

Online course businesses are one of the fastest-growing online business models. Creating an online course is an awesome way to generate extra income because it allows you to monetize the knowledge you already have. More people are taking online courses every day, and the COVID pandemic has accelerated that, with some online learning platforms having seen 15-folds growth in the number of users.

Another advantage is that these new platforms are so easy to use for instructors that you don't have to worry at all about the tech side of the business. You just need to focus on creating exciting content that is informational & engaging at the same time.

Starting an online course in Ecuador allows you to eliminate some of the huge costs associated with setting up a physical training facility, and it's a great way to reach as many people.

How Much Can You Make?
$350 — $3,735,000/month
Average Initial Investment
$4,297
Time To Revenue
150 days
Skills

Case Study

We are Christian and Rasmus Mikkelsen, also known as the Mikkelsen Twins online. We run an online education company where we help people to build an online book publishing business. The reason why we teach what seems like a random/kinda weird online business model is because it’s what changed our lives almost 3 years ago and freed us from the life path we were heading down (were in the middle of a business degree in community college and there was absolutely no hope for a truly happy and fulfilled life if we had continued to take that path in life).

Fast forward to today, our company is making over 6-figures in profit every month which is almost unbelievable for two 24-year-old (ambitious) idiots with just a laptop, wifi connection and a small team.

how-we-launched-a-120k-month-audiobook-publishing-course

6. Start a 3d printing business ($260K/month)

3D printing also known as additive manufacturing makes it possible to produce a physical item by assembling a material layer by layer.

If you love creating stuff, then a 3D printing business may just be for you.

How Much Can You Make?
$42,000 — $330,000/month
Average Initial Investment
$407,500
Time To Revenue
240 days
Skills

Case Study

My name is Roy Kirchner, an entrepreneur from Odessa, Florida. After years spent in the automobile and marketing and advertising industries, I decided in 2014 to form a new company solely focused on emerging new technology, 3D printing.

I started my company with an initial, out-of-pocket investment of $65,000, and today we are averaging monthly gross sales of $330,000.

how-i-started-a-330k-month-ecommerce-specialized-in-3d-printing

7. Start a soap business ($123K/month)

Soap making business is a growing industry that can be home-based or a small local business. Soap business is one of the most lucrative home-based businesses that perfect your decision to work in your free time while you earn good cash.

Starting a soap business sounds simple enough. You can buy supplies for probably less than $1,000. Being that popular skincare products are now being sold online, this doesn't seem like a very difficult field to break into. Below are some success stories of the soap business that surely inspire you.

How Much Can You Make?
$1,000 — $600,000/month
Average Initial Investment
$3,900
Skills

Case Study

More important than the money, though, we’ve made so many friends from our customers and business contacts from the business. 46% of our website orders are from repeat customers. Once someone joins the Outlaw gang, we strive to be their sidekick for the long haul. We often hear from customers that our customer service is the best they’ve ever experienced. I think this is because we’re absolutely emphatic about ensuring the satisfaction of our genuinely incredible customers, no matter what.

We feel like our Magnificent Seven Outlaw Values really define us as a company and give our customers a good reason to be loyal to us. (in addition to fantastic product, of course)

leaving-the-cubicle-to-start-a-23k-month-soap-company

8. Start a mobile app development business ($79.2K/month)

Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.

To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps.

It's no surprise that the mobile app industry is booming. The average Mobile APP Developer salary is $101,982 per year, or $49.03 per hour. These days, you can even get your foot in front of millions by developing video game apps!

The recent trends in mobile app development are moving toward Augmented Reality (AR) and Virtual Reality (VR). These new technologies are providing businesses with new ways to engage with their customers.

Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.

How Much Can You Make?
$6,000 — $700,000/month
Average Initial Investment
$115,736
Skills

Case Study

Hi! 👋 My name is Tim Bornholdt, and I’m a co-founder of The Jed Mahonis Group. We are a custom iOS and Android app development consultancy, and we specialize in building native mobile app solutions for businesses of all sizes.

We’ve grown at a steady pace over the past eight years. We currently work with several large and small organizations including Great Clips, Profile by Sanford Health, Green Mill, and the USA CUP. My business partner and I started the company right out of college by investing $250 each and have since turned it into a nearly seven-figure a year agency.

how-we-started-a-82k-month-custom-ios-and-android-apps-development-agency

9. Start a cosmetic store ($8.5K/month)

The cosmetic industry is growing rapidly. Starting a cosmetic shop can be highly profitable, but only if you stock trendy, skin-friendly products.

If you are passionate about the beauty industry, consider starting a cosmetics brick-and-mortar shop.

Cosmetic shops sell products ranging from anti-aging, aromatherapy, lotions, beauty spa, cosmetic store, and even make-up.

To start a cosmetic store, research the market and source products from well-known brands in the beauty industry.

How Much Can You Make?
Average Initial Investment
$800
Skills

Case Study

My name is Alexis Evans aka Da Mademoiselle. I am a native of South Florida who has started a cosmetic and skincare company named FBI Cosmetics d/b/a Flawlessly Beautiful Individual in the middle of a pandemic.

I am also the owner of Boss Talk Expo an annual expo and conference company. I branched out into the beauty industry, I started FBI Cosmetics off with just lipsticks and have progressed into the skincare business in December. I have grossed over $62,000 in sales. People ask where the name comes from and I tell people “it’s a crime to be so damn beautiful.”

how-i-started-a-8-5k-month-cosmetics-brand

10. Start a web design & online marketing business ($264K/month)

How Much Can You Make?
$3,000 — $800,000/month
Skills

Case Study

Hey there! I’m Shannon Mattern and I’ve helped over 15,000 new online business owners learn how to build their websites and market themselves online (even if they’re not a techie and are starting from zero).

And every month on my podcast I break down exactly how much money I make, how I make it and what my expenses are - because I believe it’s important to show the whole picture of what the opportunities and the costs are to run an online business!

how-i-started-a-10k-month-business-selling-diy-web-design-and-marketing-courses

11. Become a proofreader ($2K/month)

Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.

As a proofreader, you can work online, allowing you to choose what time to work.

If you plan to start a professional proofreading business in Ecuador, make sure you possess the following skills:

  • Have an excellent grasp of grammar
  • Ability to correct mistakenly capitalized words
  • Familiarity with the proper use of capitalization
  • Use spell-checkers to flag misspelled words

Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.

Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.

How Much Can You Make?
Skills

Case Study

Hi, my name is Lenny Bron, and I am The Blog Proofreader. I’m the annoying grammar police person you’ve always been tired of hearing from every time you use an ellipses incorrectly in a Facebook post you wrote 3 years ago.

I’ve been able to build my business from scratch to consistently make ~$2,000 per month with zero experience in the field, no expenses, and barely any upfront costs.

how-i-added-2-000-to-my-monthly-income-proofreading-blog-posts

12. Become a software developer ($149K/month)

A software developer is a person who creates computer programs. They design, test, and oversee the creation of software for a variety of purposes including businesses, personal use, or social networking.

If you have strong technical skills and experience in programming, you can start a software development business. You should also have a good understanding of how the software works.

The average salary for software developers is $110,140. The best-paid 25 percent earn an annual income of up to 140K dollars while the lowest-paid workers make just under 84K dollars.

The recent trends in software development are moving towards mobile apps and cloud-based solutions. Businesses are providing a variety of programming languages and tools to create software that meets the client's needs.

Starting a software development company is the perfect way to explore in this exciting industry. This type of business is growing in popularity as businesses are looking for ways to offer their customers a convenient way to access their data and applications.

How Much Can You Make?
$5,000 — $500,000/month
Average Initial Investment
$327,675
Skills

Case Study

Hi all, my name is Max Rice, and I’m the co-founder and CEO of SkyVerge, where we build software tools that help over 100,000 eCommerce brands manage and grow their online stores. Our customers are mostly small to medium-sized businesses in all kinds of verticals.

My co-founder Justin Stern and I started SkyVerge in 2013 and we’re a globally distributed team of over 30 people, with revenue of $350,000 per month.

how-we-started-a-350k-month-business-developing-software-tools-for-ecommerce-brands

13. Start a tutoring business ($110K/month)

Starting a tutoring side hustle is a great way for teachers and students to earn extra income every month. If you consider becoming a tutor, find an ideal tutoring niche, and craft a tutoring website. Find your tutoring clients and market your side hustle online. You can choose to offer online tutoring as a part-time engagement or a full-time engagement.

How Much Can You Make?
$15,000 — $3,000,000/month
Average Initial Investment
$100
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

Hey everyone! My name is Adam Shlomi and I am a 22-year-old senior at Georgetown University from South Florida. I am the founder of SoFlo SAT Tutoring, an online SAT/ACT tutoring company that provides exceptional test prep to students across the country. I started this business in my bedroom almost a year ago while I was recovering from ankle surgery. I couldn’t walk for 6 months and SoFlo gave me the motivation to get up in the morning.

SoFlo currently brings in average revenue of $15,000 a month and has seen a linear increase in student sign-ups each month since its official inception in March 2019. Since our customer lifetime is short –our students study for and take the SAT, get the score they want, and then no longer require our services– we invest in and rely heavily on the quality of the service we provide to attract future customers. Happy customers and significant score increases have helped spread the word and grow the brand.

how-i-started-a-15k-month-sat-tutoring-business-while-in-college

14. Start a language translation service ($275K/month)

Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.

To become a language translator in Ecuador, master a second language and earn some experience so you become fluent in the second language.

How Much Can You Make?
$40,000 — $550,000/month
Average Initial Investment
$635,000
Time To Revenue
180 days
Skills
Business model

Case Study

Hello, my name is Cédric Sigoire and I am the owner of the DEMAN Translations group.

We will reach more than 6 million euros in the year 2021 and my target for 2022 is 10 million euros!

buying-a-translation-company-and-growing-it-to-4m-year

15. Start a content writing company ($30.2K/month)

Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.

Becoming a content writer allows you to work as your own boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.

Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.

To start a content writing company in Ecuador, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline the operations.

How Much Can You Make?
$1,200 — $250,000/month
Average Initial Investment
$3,697
Time To Revenue
300 days
Skills
Business model

Case Study

Hi! My name's Dani, founder of Scribly.io - you can’t see me but I’m waving at you 👋

Last month Scribly.io topped $14K monthly revenue. That was a really big moment for me, and a bit of a turning point. What started out as a 'let's try and see' project has now become my full-time job with ambitious growth plans 🙌.

how-dani-mancini-transformed-her-freelance-gigs-into-a-saas-business

16. Become a virtual assistant ($176K/month)

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As more businesses outsource more roles, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible as you can choose a work schedule and location. Many virtual assistants in Ecuador have a dedicated home office where they work in a quiet and distraction-free environment.

To become a virtual assistant, identify a niche you like and undertake any training. Figure how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.

How Much Can You Make?
$1,000 — $500,000/month
Average Initial Investment
$4,200
Time To Revenue
180 days
Skills
Business model

Case Study

Hi, I am Julmar Grace Locsin, and I am the owner and co-founder of Filipino Virtual Assistance by FVA Business Consultancy. FVA offers online and offline training, coaching, consulting, workshops, services, franchising-related virtual assistance, offshoring, outsourcing, and remote work for brands and businesses, here and abroad.

Our very mission is to equip freelancers, empower marketers, and enable businesses. We envision FVA for global digital leadership that will impact the world through digitalization, one life at a time. FVA has three arms, namely FVA Online Academy- have trained 25,000 students from our 31 courses, FVA Services- from training to hiring programs, and FVA Franchising with 16 Coaches assigned from different territories. And we are fifteen in the FVA team, including FVA co-founder Jay Locsin and me.

on-starting-a-business-training-virtual-assistants

17. Start a dropshipping business ($12K/month)

Dropshipping allows you to start your online e-commerce store without stock-keeping. Therefore, you do not need huge capital, and the risk is minimal because the manufacturer is responsible for the inventory and ships it directly to the customer. Therefore, your responsibility remains to market and offer customer service.

To start a successful dropshipping business in Ecuador, you need a mastery of online marketing and a focus on improving customer experience.

How Much Can You Make?
$5,500 — $3,000,000/month
Average Initial Investment
$11,866
Time Commitment Per Week
Min. 10 hours/week
Skills
Interests
Business model

Case Study

Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.

Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.

how-i-started-a-100k-month-business-mentoring-dropshipping-entrepreneurs

18. Start a voice over service ($40K/month)

Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.

Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.

To become a voiceover artist in Ecuador, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.

How Much Can You Make?
$400 — $40,000/month
Average Initial Investment
$50,000
Skills

Case Study

Hi, my name is Mony Raanan, and I’m the founder of Voice Crafters, a multilingual voice-over agency and marketplace.

Voice Crafters operated as an agency until early 2020, at which point we launched our online marketplace. This move essentially helped double our revenue and we’re on track to making at least $500,000 in 2021 with a bottom line of around 40%.

how-i-started-a-40k-month-multilingual-voice-over-agency-and-marketplace

19. Start a consulting business ($130K/month)

Consulting businesses are booming, more so than ever before, and seeing year-over-year growth. With an accumulated value of about $250B, the global consulting industry is one of the biggest markets within the professional services sector.

If you are looking to start your own consulting business having useful insights from industry experts, reading about their entrepreneurial journey will help decide how you should go about it.

How Much Can You Make?
$100 — $2,500,000/month
Average Initial Investment
$5,353
Skills

Case Study

Hey there! My name is Taylor Hersom and I am the founder of Eden Data. Eden Data is a cybersecurity consulting firm focused on helping startups build better security as they grow.

Since starting the company in March of 2020, we have scaled to four team members and an MRR of $45k, all through remote services and nearly no startup costs.

how-i-started-a-45k-month-cybersecurity-consulting-firm-for-startups

20. Start a podcast ($36.6K/month)

Do you have knowledge and passion that you'd love to share with other people? Or perhaps you are a content creator and looking for ways to expand your revenue streams? If you match any of these criteria, then becoming a podcast host could be the perfect opportunity for you.

Podcasts are the new radio. Podcasting is one of the fastest-growing mediums for online audio, and it's not expected to slow down any time soon. But unlike traditional radio, podcasts are driven by content creators who have a passion for sharing stories with their listeners.

One of the main benefits that come with starting a podcast is the minimal investment needed to get started. All you need is a computer or phone with a microphone and a way to host it online. You can even create one on your own website if you want.

How Much Can You Make?
$419 — $1,020,000/month
Average Initial Investment
$4,868
Time To Revenue
90 days
Time Commitment Per Week
Min. 2 hours/week
Skills
Interests
Business model

Case Study

Hey there! I’m Jeremy Enns, the founder and Storyteller In Chief at Counterweight Creative, a podcast production and strategy agency.

I started the company 3 years ago, in 2016 with one client, making $15/hour and have grown into a team of 10 contractors producing more than 30 shows per week with revenue of over $10K/mo.

how-i-started-a-successful-podcast-production-company

21. Start a travel agency ($138K/month)

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travellers within the market rate

How Much Can You Make?
$1,100 — $1,500,000/month
Average Initial Investment
$16,390
Business model

Case Study

Hey! My name is Marissa Daniels, and I am a millennial travel agent! I began Spread Your Wings Travel in February of 2019. Prior to 2019, I wanted an extra source of income just to have an extra cushion. I did mystery shopping, took surveys online, drove for Postmates and DoorDash, worked at a grocery store, anything I could find for extra money. I also did, and still do Brand Ambassador events as well- but those things didn’t fulfill me. I was doing them to get extra money, but it didn’t have a purpose and it wasn’t paying me as much as I wanted, so I stopped it all and just gave it to God. I let Him handle it.

Spread Your Wings Travel offers all-inclusive vacations (most under $1000 per person), cruises, luxury villas, cabins, domestic travel and more! The main thing that people like about my business is that I have a payment plan option. I like to have that option for them because not everyone is able to pay for a vacation upfront.

how-i-started-a-2k-month-side-hustle-selling-vacations

22. Start a mobile photography ($40.1K/month)

Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.

There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!

To start mobile photography in Ecuador, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.

How Much Can You Make?
$2,000 — $500,000/month
Average Initial Investment
$24,583
Skills

Case Study

Hi! My name is Tsour Lee Adato and I am the founder of Pro Photo Studio. I started my product photography business over 5 years ago while living in New York. Pro Photo Studio specializes in high-end commercial photography and also caters to the average eCommerce online seller who sells on platforms like Amazon and Etsy.

The company began realizing a profit very quickly, in the first quarter after opening and year over year profits have increased while the cost of customer acquisition has decreased. Currently, the company makes approximately $350k per year and is on its way to becoming a 7 figure business.

how-i-started-a-45k-month-commercial-product-photography-business

23. Start a real estate business ($617K/month)

How Much Can You Make?
$5,000 — $2,500,000/month
Average Initial Investment
$23,000
Skills

Case Study

My name is Cory Lewis, and my company is called T. C. Lewis & Co. We are a real estate investment and management firm operating mainly in the Appalachian mountain region of the Southeastern United States. We are a licensed real estate brokerage in multiple states, and that allows us to identify, project, negotiate, and broker deals for our clients for commercial and investment properties. Following the acquisition, we manage the performance of the investment and/or the improvements to the investment through our Property Management and Construction Divisions. We now represent clients from all over the world investing in the Appalachians.

We now have a small corporate office in downtown Asheville, North Carolina supporting regional offices around the Appalachians. The firm has been named to Inc. magazine’s list of the Fastest Growing Privately Held Companies in America (no. 128), seventh fastest growing real estate company in America, named to the Financial Times inaugural 1000 Fastest Growing Businesses in the Americas list, named Best of Property Management for eight years running, named Community Supporter of the Year, been given the Tennessee Small Business Excellence Award, named Builder of the Year, named One of the 10 Best Brokers in Tennessee, and various other recognitions.

how-i-started-a-500k-month-real-estate-investment-business

24. Start a SEO agency ($1.19M/month)

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in the search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years.  Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with a great chance for success.

It's easier than ever to start your SEO agency in Ecuador. The tools are there, and the competition isn't as stiff as it used to be. If you're considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

How Much Can You Make?
$3,500 — $10,000,000/month
Average Initial Investment
$5,712
Time To Revenue
390 days

Case Study

My name is Chris Dreyer and I’m the CEO/Founder of Rankings.io, LLC. My company is a hyper-focused SEO (search engine optimization) agency; we help elite personal injury law firms dominate first page rankings.

In 2018, we were #858 in the Inc. 5000 list of the fastest-growing companies in America. Our revenue is just under $300,000 per month and we’re on pace for another record-breaking year.

how-i-started-an-seo-agency-for-lawyers-generating-3-6m-year

25. Start a saas company ($10K/month)

SaaS (Software as a Service) is software that allows users to access and use it over the internet. It is a subscription-based service that provides users with access to software that they can use for their business. It offers a variety of features, including a project management tool, an automation engine, and a workflow designer.

To start a SaaS company you should be familiar with the SaaS business model and have a good understanding of how to build and market a SaaS product. You should also have strong technical skills and be able to develop a high-quality software product.

Salesforce is one of the best SaaS companies in the world. Salesforce provides an integrated CRM platform that brings companies and customers together. The company is one of the most innovative cloud software solutions providers on the market, generating nearly all its annual recurring revenue from SaaS tools. According to Salesforce's latest financial reports, the company's current revenue (TTM) is $26.49 B.

Starting a SaaS company is a great way to enter the tech industry. This type of company is growing in popularity as more businesses are looking for ways to save money and reduce their IT costs. SaaS companies typically have high margins and offer a lot of flexibility for entrepreneurs.

How Much Can You Make?
$500 — $1,200,000/month
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

James Bates the CEO and Founder of AdviNOW Medical has been inventing cutting-edge technology for 20 years. AdviNOW Medical has become a leader in the health technology sector, pioneering a system that synergizes artificial intelligence and augmented reality to support existing healthcare infrastructure and services while enabling the future of low-touch no-touch medical visits. It’s a technology that seems obvious in hindsight, amending a serious problem with an elegant solution.

Healthcare automation has bigger benefits, including—but not limited to—labor savings, improved quality and consistency of care, reduced waste, lower physician burnout, and increased predictability of outcomes. In fact, practices that adopt AdviNOW see nearly a doubling of the patient throughput per provider. This obviously leads to lower wait times for patients and more profitability for the practice and enables future models within the value-based care vision.

how-we-started-our-100k-month-medical-artificial-intelligence-software-company

26. Start a freelancer platform ($1.21M/month)

Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.

The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025. While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.

With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.

How Much Can You Make?
$7,000 — $5,000,000/month
Average Initial Investment
$83,738
Time To Revenue
300 days
Skills

Case Study

Hello! I’m one of the co-founders of CloudDevs. We started this company in 2019 with a mission to change things around in the tech talent-hiring industry. We launched for sales in March of 2020, right before the initial lockdown due to the Covid 19 pandemic.

We are proud to say that within our first year of sales, we reached 1 Million USD in GMV, and we are aiming higher this year.

we-bootstrapped-a-tech-talent-platform-to-1-2m-sales-in-our-first-year

27. Start a beverage company ($36.3K/month)

Are you thinking of starting a beverage or drink business?

Starting a beverage company can be a great way to combine your love of food and drink with a passion for entrepreneurship.

Beverage companies can make all sorts of different drinks, from juice to soda to beer. They can also sell other types of food products, like bottled water or snacks.

There are more and more drink options available today than ever before—and that means that beverage companies are constantly trying new things in order to stay competitive in this space! The more innovative they can be with their offerings, the better they'll be able to compete with one another

How Much Can You Make?
$500 — $200,000,000/month
Average Initial Investment
$224,484
Time To Revenue
360 days
Skills
Business model
Work from home

Case Study

I’m Andy Hayes and I’m the founder of Plum Deluxe, an online purveyor of delicious loose leaf teas.

We now have one of the largest tea subscription boxes and are about the pass the 7 figure mark in annual revenue.

how-andy-hayes-started-a-7-figure-tea-business-online

28. Start a skills training business ($131K/month)

It is a great idea to start a skill training business with your own website oriented towards helping people learn new skills. Starting your own skills training business is within reach. It doesn't require a lot of money, but it can bring a significant impact on your life and others.

The global skills training market expects to reach $47.2B by 2027. If you're looking for financial freedom, then starting your own skills training business is the way to go. Training clients and building an impressive portfolio will allow you to charge higher rates and start living the life of your dreams.

How Much Can You Make?
$1,500 — $416,667/month
Average Initial Investment
$3,321
Time To Revenue
210 days
Skills
Business model
Work from home

Case Study

I am Sumit Bansal from India and I have a website (TrumpExcel.com) where I teach people how to use Microsoft Excel Spreadsheets efficiently. On this site, I create written tutorials and videos and also sell online courses.

I started this site in 2013 and it gets more than 1 million pageviews every month. As of last month, my average monthly revenue was ~$10,000.

how-i-started-a-profitable-business-helping-millions-of-people-learn-excel

29. Start a travel agency ($138K/month)

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travellers within the market rate

How Much Can You Make?
$1,100 — $1,500,000/month
Average Initial Investment
$16,390
Business model

Case Study

Hey! My name is Marissa Daniels, and I am a millennial travel agent! I began Spread Your Wings Travel in February of 2019. Prior to 2019, I wanted an extra source of income just to have an extra cushion. I did mystery shopping, took surveys online, drove for Postmates and DoorDash, worked at a grocery store, anything I could find for extra money. I also did, and still do Brand Ambassador events as well- but those things didn’t fulfill me. I was doing them to get extra money, but it didn’t have a purpose and it wasn’t paying me as much as I wanted, so I stopped it all and just gave it to God. I let Him handle it.

Spread Your Wings Travel offers all-inclusive vacations (most under $1000 per person), cruises, luxury villas, cabins, domestic travel and more! The main thing that people like about my business is that I have a payment plan option. I like to have that option for them because not everyone is able to pay for a vacation upfront.

how-i-started-a-2k-month-side-hustle-selling-vacations

30. Start an affiliate marketing business ($290K/month)

Are you looking for a side hustle that will pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long-term.

To get started, learn how to find the right product and find the right brand to partner with. You may prefer becoming an affiliate marketer for an eCommerce store or partner with a manufacturer, and market their products for a commission.

How Much Can You Make?
$500 — $500,000/month
Average Initial Investment
$51,285
Skills

Case Study

My name is Patrick Hess and I am the creator of Bar Games 101, a website about a wide variety of games to play with your friends and family.

As our library of game-focused content expands, traffic is increasing as well, with over 200K monthly unique visitors and revenue over $4,000 for the month of August.

how-i-built-a-3-5k-month-authority-site-with-a-full-time-job

31. Start an online video editing business ($4K/month)

How Much Can You Make?
$2,000 — $208,000/month
Average Initial Investment
$150,075
Skills

Case Study

Hey, I am Sabba and I am the co-founder of VEED.IO along with my partner in crime Tim. We are a London-based bootstrapped startup. Our web app, VEED, is a simple online video editing platform that allows users to do a bunch of cool stuff like auto subtitle videos, add video effects, add music, trim, rotate videos and much more all in the browser.

We launched just over a year ago, started charging 4 months ago and as of this interview, we are at $5,300 MRR and are just about profitable (Ramen profitable).

how-we-developed-a-6k-month-online-video-editing-software

32. Become a freelance app developer ($75.3K/month)

A freelance app developer is a programmer who creates apps for mobiles for both Android and iOS devices. Freelance app development business targets creating various apps that give a user-friendly experience.

To become a freelance app developer in Ecuador, first, touch up on your skills. There are several courses available online. Once you obtain the certification, choose your niche and focus on your skillset.

Then the best way to showcase your work is to build a portfolio website where you will display your skills, projects, and testimonials. Another way to promote yourself is to create your brand and start a blog. This will, in turn, build a network, and you will be able to connect with people and attract more clients.

How Much Can You Make?
$10,000 — $91,000/month
Average Initial Investment
$350
Time To Revenue
240 days
Skills
Business model

Case Study

Hi, I’m Andrew 👋I like to joke that I’m a jack of all trades and master of pun…

  • An attorney take her legal tech startup from $0 to $1M in Annual Run Rate.
  • A 71-year-old financial consultant build his first tech company and close customers like Yale, Brown, NYU, and Dartmouth.
  • A doctor in Texas launch the first HIPAA compliant text messaging service.
  • A photo booth startup build tools that are used by Amazon, Uber, Red Bull, NBC, the NFL and more.

how-i-started-a-69k-month-software-agency-after-a-failed-product-launch

33. Open source library

Open-source libraries become a widely used method of software development, stories from some of the top names in the field can help you with your development or help build your confidence in adopting this methodology for your own projects.

Open-source libraries have a lot to offer the world of programming. The potential for improvement and simplification of a wide range of computer applications is huge. However, with so many options available, how are developers and architects to see which ones are right for them? Following open-source library success stories that could help you determine your best options.

How Much Can You Make?
$275 — $13,083,333/month
Time Commitment Per Week
Min. 3 hours/week
Skills
Interests

Case Study

Hello! My name is John Leider and I am the founder of Vuetify, LLC.I started my company to help developers, especially design inept and inexperienced ones, build beautiful web applications.

Vuetify puts a large emphasis on its free aspect. Locking extra features or functionality behind a paywall just feels bad. Open Source is about sharing and improving code through community support. Over the years, this philosophy has allowed me to grow a massive user-base and ecosystem surrounding the framework.

i-built-a-300k-year-vue-js-component-library

34. Start a social media management business

Similar to virtual assistants, social media managers offer various services, including but not limited to:

  • Developing a marketing strategy based on clients' goals
  • Setting up social media accounts
  • Posting on behalf of their clients
  • Coming up with strategies for increasing client’s social media following
  • Marketing analysis.

To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals. The beauty of working as a social media manager is that you get a chance to define your work schedule and even choose what niches to work on.

How Much Can You Make?
$15,000/month
Skills

Case Study

I’m Amanda Shepherd, the owner and lead mentor at the Social Media Manager Society. Aside from social media consulting to businesses in the food, beverage, and hospitality industries, I created a program to teach other women how to run successful social media businesses so they can have the time and financial freedom they’ve always wanted!

I quit my 9-5 and in one year made almost $100,000 working an average of four hours per day - and still growing!

how-i-started-a-7-5k-month-social-media-consulting-and-training-business

35. Start a restaurant

If you love cooking and have a passion for entrepreneurship, starting a restaurant can be fun and a lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food, line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills, to make your dream come true.

If you plan to open a restaurant in Ecuador, gain insight from consumer preferences and focus on serving modern consumers what they need.

How Much Can You Make?
$83,400 — $61,650,000/month
Average Initial Investment
$5,000
Skills

Case Study

Hi, I’m Andrei Calinescu and I am the Founder and CEO of One Life Meals.

starting-a-1-5m-healthy-meals-delivery-business

36. Start a webinar hosting business ($897K/month)

How Much Can You Make?
$2,000 — $897,000/month
Skills

Case Study

Hi everybody, my name is Philip and I’m the founder of Tiiny.Host - the simplest way to host & share your web project online. It’s perfect for prototyping, demos, testing, learning to code, and small web apps.

I started it around 2 years ago and to date, over 40,000 websites have been uploaded. We’re currently at $2,000 MRR (monthly recurring revenue) and doubling every 3 months. It’s been a rollercoaster couple of years, we were making less than $100 MRR for about the first 12 months but revenue then skyrocketed. It just goes to show the trajectory of SaaS businesses on the internet.

how-i-turned-my-teenage-hobby-into-a-profitable-static-web-hosting-service

37. Start a hotels business

If you are considering starting a hotel, then it is time to set your plan into action. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.

Here are some tips to consider prior to forming a hotel:

  • Name your business
  • Decide on a marketing strategy
  • Start by renting out a room in your home.
  • Hire a business capital broker
  • Try AirBnB
  • Make a marketing plan
  • Offer complementary services

38. Start a mobile auto detailing service

A mobile carwash business reaches clients whenever possible and offers its services at great convenience. Therefore, car owners do not need to drive to different locations looking for a car wash, as the mobile service provider is there for the client.

The advantage of offering a mobile car wash business in Ecuador is that clients will call you to their location whenever they need their vehicles cleaned. Based on the convenience, you have the opportunity of serving more customers compared to an immobile car detailing business.

How Much Can You Make?
$5,000 — $6,000/month
Average Initial Investment
$2,500
Skills

Case Study

My name is Matt Paskow. I started a mobile auto detailing business called Fresh Look Mobile Auto Detailing which services North County, San Diego.

i-left-tech-built-my-own-car-detailing-business-my-hobby

39. Become an online dating consultant ($5.2K/month)

An online dating consultant is a person who provides advice to people in the world of Internet dating. An online dating consultant can help you direct your profile, help you write your first message to an online match and help you make a great impression on your date.

Online dating has the potential to be one of the greatest customer service industries in the world.

How Much Can You Make?
$5,200 — $11,250,000/month
Skills
Business model

Case Study

Hi everyone, my name is Shane and I’m the founder of The Match Artist. We help singles take amazing pictures for their online dating profiles. Our flagship product is the 3 hour Executive shoot, which gets you about 100 different photos in 7 different settings.

We started this business in January 2018, and we have helped over 100 singles take pictures for their profile. We usually average between $5,000- $6,000 a month in revenue.

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

40. Become a delivery driver

The delivery driver side hustle can be a fantastic idea if you own a delivery car and a valid driver’s license. Receiving deliveries at home or at the office has become an almost undeniable convenience for most people. There are more and more platforms that deliver all kinds of products and, therefore, the demand for couriers is also increasing.

As an independent delivery driver in Ecuador, you choose your most convenient working hours, and the more deliveries you complete, the more your earnings. Besides, you interact with a wide range of people from different backgrounds.

Your core roles will include loading and unloading cargo, delivering goods to the customer, accepting any payments for shipments, and handling paperwork.

How Much Can You Make?
$4,000 — $14,000/month
Time Commitment Per Week
Min. 10 hours/week
Skills
Interests

41. Start a restaurant

If you love cooking and have a passion for entrepreneurship, starting a restaurant can be fun and a lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food, line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills, to make your dream come true.

If you plan to open a restaurant in Ecuador, gain insight from consumer preferences and focus on serving modern consumers what they need.

How Much Can You Make?
$83,400 — $61,650,000/month
Average Initial Investment
$5,000
Skills

Case Study

Hi, I’m Andrei Calinescu and I am the Founder and CEO of One Life Meals.

starting-a-1-5m-healthy-meals-delivery-business

42. Start a virtual call center business

Do you enjoy helping people and talking on the phone? If you want a business that provides flexibility in terms of working location and time, consider starting a virtual call center business.

A virtual call center can be a lucrative low capital and a work-from-home business. Here is a list of what you need to start a virtual call center business:

  • Select a specialty area/niche
  • Buy computers and call center software
  • Find clients
  • Focus on growing your business

When starting a virtual call center business, some clients may require you to use their defined call center software.

How Much Can You Make?
$350,000/month
Average Initial Investment
$16,500
Skills

Case Study

Hello, my name is Jaime Nacach, I was born in Mexico and currently live in the beautiful city of San Diego, California. I’m a marketing strategist with a huge passion for technology. Four years ago, I decided to create a new company named Virtual Latinos. I wanted it to be a company that offered services that were beneficial to everyone involved. We call it a Win-Win-Win situation.

how-i-started-a-4-2m-year-latino-virtual-assistant-platform-over-2-000-va-s

43. Start an online jewelry store ($297K/month)

Starting an online jewelry store can be a lucrative and engaging business. The online jewelry store industry has been growing rapidly. More and more people are buying cheaper jewelry online because it is easier and has a much larger selection.

The United States jewelry market was valued at about $76B in 2020. Diamond jewelry is the most valuable jewelry market in the United States. Starting an online jewelry store can be extremely profitable. But to do this, you need a great e-commerce platform.

How Much Can You Make?
$1,000 — $500,000/month
Average Initial Investment
$37,500
Time To Revenue
300 days
Skills
Business model

Case Study

I am Nikolay Piriankov, the Founder and CEO of Taylor & Hart. We are an award-winning, disruptive e-tailer of custom-designed, ethical engagement rings, wedding rings, and fine jewellery, that capture your story. Our online platform, processes, and brand democratises bespoke jewellery, allowing us to offer this service at scale. Taylor & Hart's vision is to reconnect customers with the original purpose of jewellery - a personalised product that tells a unique story.

Recently we closed a seed round of £1M. The London based Garage Soho, an early stage investor and brand builder also supported us in the last round.

starting-and-growing-a-jewelry-business-to-4-6m-year

44. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube`s popularity to earn an extra income.

If you are looking to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How Much Can You Make?
$800 — $4,500,000/month
Average Initial Investment
$1,700
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I am Chhavi, the founder and owner of the blog and YouTube channel Mrs Daaku Studio along with my husband Amit.

Our blog, YouTube channel, and products are designed to help you achieve what we have (...and, more).

how-this-couple-makes-5k-month-generating-content-about-ways-to-make-money-online

45. Start a smoothie business

Smoothie is a blend of whole fruits and can contain bananas, yogurt, honey, ice cream, and other ingredients.

Smoothie businesses attract health-conscious consumers and their mass appeal has grown tremendously.

In the US alone, smoothie bars are a 3-billion-dollar industry. Therefore, from an entrepreneur's standpoint, starting your smoothie business can be a great idea. To start your smoothie bar, consider an ideal location, and ensure a proper shop format. The alternative smoothie shop formats include:

  • Dine in Plenty of seating space available: customers order and pay at the counter.
  • Window only: Serves takeaway smoothies with customers ordering and paying at the counter
  • Food truck: Mobile smoothie shop allowing you to connect with a larger customer

The rising popularity of healthy juices and the low startup cost makes the smoothie industry an appealing frozen food business idea.

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

Case Study

Hi there. I’m Jen Hansard, the co-founder of Simple Green Smoothies where we create plant-powered recipes that gives you the energy and health to fuel your passion. It all started on Instagram in 2012, yet over the years (and with a LOT of hustle and luck) it has exploded into a brand of best-selling plant-based recipe books, live community cleanses, adventure retreats and the #1 green smoothie app in iTunes, Daily Blends. Since 2012, Simple Green Smoothies has helped over 2 million people take control of their health in a tasty and simple way.

Our programs can bring in as much as $30,000 a month in revenue, which helps me pay our staff, expenses and also allows us to help women farmers in Cambodia build mushroom farms through World Hope International. Click here to learn more.

how-one-woman-went-from-wic-to-ceo-of-her-own-smoothie-empire

46. Start a craft beer business

How Much Can You Make?
$56,000/month
Time To Revenue
300 days
Skills
Business model

Case Study

HI! We are Davor and Matija from Varionica, a craft brewery from Croatia.

We started by renting a small brewery outside of Zagreb and by the end of 2019. After that, we opened our new brewery with a much larger capacity and modern brewing equipment in Pisarovina near Zagreb. We started our business with only 22 30-liter steel KEGs, which we drove around in an old Opel Astra, and now we are producing roughly 40.000 liters of beer per month.

how-we-started-a-six-figure-craft-brewery-from-croatia

47. Sell used appliances

The global second-hand appliances market is flourishing rapidly due to the rise in the income of lower-class consumers. Further, the global market for second-hand appliances is anticipated to achieve a Y-O-Y growth rate of 7.45% in the next few years.

With the growing need for appliances rising, starting a used appliances business can be a way to earn extra cash or even a side hustle.

To get started, target the areas with a growing population or middle-income areas where consumers choose to save money on appliances by opting for gently used or refurbished appliances. Then, register your used appliances business and create a business plan.

Find an ideal location and complement it with an online presence.

You may purchase used appliances from the used appliances stores, social media sales pages, auctions, estate sales, and auction websites such as eBay.

48. Start an email marketing business

How Much Can You Make?
$1,500 — $33,166,667/month
Average Initial Investment
$10,628
Time To Revenue
90 days
Skills
Business model

Case Study

Hello, my name is Chase Dimond and I am the Co-Founder of Boundless Labs. We are an email marketing agency that specializes in working with eCommerce brands. We currently work with 30 eCommerce brands that do anywhere from 6 to 8 figures in annual revenue.

We ended up bringing on our first full-time employee in Q3 of 2019 and started onboarding clients again. For the second half of 2019, our business grew by ~$12K per month and we’re now making ~$90K per month. We just recently hired our second full-time employee and anticipate we’ll be at $100K per month in revenue by the end of January 2020.

how-i-started-a-55k-month-email-marketing-agency-specialized-in-ecommerce

49. Start an e-book writing business

An eBook business is profitable and flexible, letting you start a business from anywhere, while it is a low-cost business that is easy to start. You can make living self-publishing and selling eBooks online as long as you are ready to invest your time and money in it.

Anyone can start the eBooks business! Just choose a niche that interests the target audience, and ensure in-depth research.

How Much Can You Make?
$40,000 — $42,857/month
Average Initial Investment
$35
Skills

Case Study

I'm Vaibhav Kishnani, an engineer but a passionate writer by profession. I established Content-Whale in 2017 when I was in my third year of engineering. Going by the maxim that quality writing is everything, Content-Whale caters to 42 different content types that form the backstory of every company’s digital presence and marketing efforts.

I started this content agency with a mere sum of Rs. 2,500. Today, we have drawn a revenue turnover of Rs. 4 Crores! In my opinion, it is not individual progress. Instead, a start-up is about connecting with the right individuals at the right time, who keep the show running ahead with their strife for perfection.

how-we-started-a-514k-year-content-curation-agency-with-just-35-from-india

50. Start an online retail store business

How Much Can You Make?
$5,000 — $62,500,000/month
Skills

Case Study

Hagan makes ski mountaineering gear—exclusively. We focus without distraction on alpine ski touring. We don’t make downhill skis, clothing, hiking boots, or running shoes.

Our focus on high-performance ski mountaineering gear is recognized and appreciated by devoted backcountry skiers and has 50% annual growth in recent years. Hagan is Pure Ski Mountaineering.

how-i-started-an-online-store-selling-backcountry-skis

51. Start a grocery store

A grocery store sells a wide variety of fresh vegetables, seasonal fruits, along with a full range of household and personal care items. The grocery store industry is the largest retail channel that makes $682 billion industry in the United States.

To start a basic grocery store, you can expect to spend a minimum of $50,000. Ideally, the bigger expense would be the rent, equipment, labor cost, cash registers/POS systems and software. Some of these are recurring monthly fees. However, things that will make a bigger impact on the business are the location, size of the store, competitors, local customers. To make a bigger profit, a new grocer should sell more items for a lower price.

A new grocer can also save costs by buying the items from local distributors. The distributor is the middle man between the manufacturer and the grocery store selling it. Once the store cost and location is decided, the next step is to obtain a seller license. In most states, a grocer's license is required to run a grocery store.

Thus an average grocery store has a profit margin of 3% to 5%. The profit rates depend on the location, size, and popularity of the store. On average, a small to medium grocery store can make profit up to $300,000 annually if all the profit factors are considered.

Another way to make your business more profitable is to diversify your store and add amenities like a coffee shop or stocking up the front of the store with magazines, batteries, etc. as these items can cross margin of up to 70%. As a rule of thumb, offer lower prices on higher purchase, this will ultimately win more customers and increase profitability.

52. Start a stock video business ($10K/month)

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

Case Study

I’m Eduard Stinga, founder of VideoPlasty, a platform for stock animation and GIF images.

Since we launched, more than 600,000 people have visited our platform over the years, with 2020 being our best year so far, the year we finally cleared the first legendary milestone for any startup, registering our first six-figure year with a little over $100k in revenue. And we’re just getting started!

i-built-a-120k-year-stock-animation-and-gif-images-side-hustle

53. Become a candle manufacturer

How Much Can You Make?
$4,000 — $1,000,000/month
Average Initial Investment
$5,200
Time To Revenue
180 days
Skills
Business model
Work from home

Case Study

My name is Kevin Gillespie, and along with Garrett Le’ Tourneau, we created Wax & Wick, the 100% soy candles with wood wicks.

Some notable differentiation between Wax & Wick and traditional candles is that our branding is simple, the style of the candle will fit with any decor, and we use only 100% soy wax and Fsc-Certified wood wicks. Our impact on the environment is intentionally small.

selling-over-4-500-candles

54. Start a virtual call center business

Do you enjoy helping people and talking on the phone? If you want a business that provides flexibility in terms of working location and time, consider starting a virtual call center business.

A virtual call center can be a lucrative low capital and a work-from-home business. Here is a list of what you need to start a virtual call center business:

  • Select a specialty area/niche
  • Buy computers and call center software
  • Find clients
  • Focus on growing your business

When starting a virtual call center business, some clients may require you to use their defined call center software.

How Much Can You Make?
$350,000/month
Average Initial Investment
$16,500
Skills

Case Study

Hello, my name is Jaime Nacach, I was born in Mexico and currently live in the beautiful city of San Diego, California. I’m a marketing strategist with a huge passion for technology. Four years ago, I decided to create a new company named Virtual Latinos. I wanted it to be a company that offered services that were beneficial to everyone involved. We call it a Win-Win-Win situation.

how-i-started-a-4-2m-year-latino-virtual-assistant-platform-over-2-000-va-s

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

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