The 52 Best Business Ideas In Equatorial Guinea [2022]

The 52 Best Business Ideas In Equatorial Guinea [2022]

Interested in starting a business in Equatorial Guinea in 2022?

We put together 52 of the best businesses you can start in Equatorial Guinea today.

In this list of ideas, you can find:

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

Here's the full list:

1. Start an education products business ($29.5K/month)

How Much Can You Make?
$1,500 — $358,333/month
Average Initial Investment
$79,583
Time To Revenue
270 days
Skills
Business model
Work from home

Case Study

Hello! I’m Matt Studdert, and I’m the founder of Frontend Mentor. We are an online learning community that helps people improve their front-end coding skills by building projects. Instead of providing learning tutorials, we provide professionally designed challenges to help our community gain real-life experience building websites and web apps.

Today, we have over 200,000 members on the platform and grow at over 16,000 new members per month. Of those 200,000+ members, we have 1,500+ paid subscribers generating over $15,000 MRR.

we-built-a-180k-year-learn-to-code-community

2. Start a fashion business ($9.25K/month)

In 2022, the fashion industry is valued at $473.42B, with a growth rate of 8.3% over last year. To become successful in this highly competitive & ever-growing industry you must have passion, perseverance, and the ability to take risks.

With platforms like TikTok and Instagram, the way that fashion products are marketed online has completely changed, so it's important to keep up with these trends.

How Much Can You Make?
$100 — $40,480,000/month
Average Initial Investment
$110,015
Time To Revenue
300 days
Business model

Case Study

Hello! My name is Lisa Miller-Mecham. I’m a creative mom of 4 who runs a craft/sewing website called CreativeFashionBlog.com. I started out as an accessory designer, turned award-winning fashion designer, turned DIY blogger… and now a profitable sewing pattern maker.

My best month so far in 2020 has generated slightly over $15,000 while working part-time. I’m actually launching a course next month to show other creative women how to do the same!

how-i-make-10k-month-selling-printable-sewing-patterns-from-my-fashion-blog

3. Start a health care training business ($15K/month)

Health care training businesses provide a wide range of training programs to healthcare workers. They offer guidance on career preparation and assist workers in learning new skills to gain employment stability. The basic goal of healthcare training is to improve the performance of the employee and give the employer a trained and compassionate professional.

The health and wellness industry is growing rapidly especially after the global pandemic. There is never a shortage of challenges for the healthcare workers. Hence, continuous education is highly essential in health care sectors where there is high demand and growth in terms of new medical & technological advancement. Hence starting a health care training business can be highly profitable.

To start a healthcare training facility, you do not necessarily require a location, it can be set up virtually with proper planning, exposure, and advertisements, you can attract many customers. The customers may range from hospitals, medical schools, managed care companies, and national medical specialty societies.

There are several courses available online to learn how to deliver healthcare training. An ideal healthcare trainer should be excel in people management and should be able to plan, execute and manage to deliver training programs to a large group of participants. The average Healthcare Trainer's salary is $45,000.

How Much Can You Make?
$15,000/month
Time To Revenue
360 days
Skills
Business model

Case Study

My name is Kyle Golding, I am a co-founder and CMO of VORTTX Training and Testing SaaS virtual emergency response training system for long-term healthcare facilities. I co-founded VORTTX Training and Testing in 2016.

After nearly a year in development, the adoption rate of VORTTX from the public launch to the end of the first 12 months was over 500% and still growing.

how-we-built-and-launched-a-health-care-training-platform

4. Start a construction company ($350K/month)

Running a construction company can be very rewarding and require hard work, attention to detail, and a hustle mentality.

Construction companies are responsible for building/designing a variety of apartments, buildings, properties, housing, infrastructure, facilities & developments, motorways, roads, paths, pavement, and more.

How Much Can You Make?
$10,000 — $10,000,000/month
Average Initial Investment
$8,339,916
Time To Revenue
360 days
Skills
Business model

Case Study

My name is Michael Parnell, and I am the founder of MPC Builders. We provide general contracting services for custom home construction along the Jersey Shore, as well as commercial projects throughout NJ and the Philadelphia metro area.

We’re busier than ever because of this open book-building process, it’s unlike any of our competitors and our clients take notice, and become raving fans… and in turn, refer to their friends, and so forth…

how-i-started-a-500k-month-custom-home-building-company

5. 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

6. 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 Equatorial Guinea.

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

7. 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 Equatorial Guinea, 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

8. 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

9. 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.

10. Start a dropshipping business

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 Equatorial Guinea, 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

11. 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

12. 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

13. 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 Equatorial Guinea, 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

14. 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 Equatorial Guinea. 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

15. 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 Equatorial Guinea 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

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 Equatorial Guinea 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 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

18. 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

19. Start an activewear brand ($125K/month)

Have you ever thought about starting an activewear brand?

The health and fitness industry is booming, and with this rise along with the increasing amount of people working from home, activewear has become incredibly popular over the last few years.

Marketing is the key to success for any company, especially activewear brands. Three components of a successful clothing brand—quality product, great price, and amazing service.

How Much Can You Make?
$650 — $500,000,000/month
Average Initial Investment
$15,333
Time To Revenue
360 days
Skills
Business model

Case Study

I’m Elgin Mones, a.k.a. Infinite Elgintensity, an attorney by day, and a YouTube roaster by night. In 2014, several of my fitness comedy videos went viral, which caused my subscriber count to skyrocket. That same year, I branched out from making YouTube videos to selling gym apparel with designs and slogans based on my dark sense of humor and love of video games.

I’m best known for my “Arm Day” design, which multiple social media influencers have tried to profit from without my permission over the years; in 2018, I sent multiple DMCA takedowns and even sued someone over it. I make enough money to quit my job as a lawyer, but I prefer to keep YouTube and related ventures as a side gig. I don’t like depending on speech-suppressing video streaming platforms and social media sites for my income, and being funny on a schedule sounds like torture.

how-i-started-a-8k-month-gym-apparel-ecommerce

20. Start a mobile florist business

Mobile florists, just like traditional florists, can deliver flowers to an array of special events, including weddings, birthdays, or anniversaries. People love their flowers fresh and delivered right to their doors.

Listed are the steps on how to start a mobile florist business.

  • Purchase on a reliable truck
  • Secure needed papers for your mobile flower shop
  • Organize your business flow
  • Outsource from flower suppliers
  • Promote your business

21. 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 Equatorial Guinea, 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

22. Start a real estate business ($417K/month)

How Much Can You Make?
$5,000 — $1,500,000/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

23. 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 Equatorial Guinea, 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

24. 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 Can You Make?
$1,100 — $62,500,000/month
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

Hello! My name is D’Shawn Russell and I am the founder and CEO of Southern Elegance Candle Company. I started the company 4 years ago as a side hustle to make some extra money on the weekends and to get me out of the house. But it quickly grew to much more than I expected.

You can check out our brand story video here: Southern Elegance: Candles Crafted In The South

how-i-started-a-20k-month-southern-inspired-candle-business

25. 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

26. 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

27. Start a pet sitting business

A pet sitter is a professional who provides daily care for pets while the pet owners are at work or on vacation. The pet sitter's duties include:

  • Cooking special meals for pets as instructed by pet owners.
  • Reporting any behavioral issues to pet owners.
  • Playing with the pets to encourage their mental and physical stimulation.

One of the advantages of working as a pet sitter is that it's not a stressful career. You also get to work with different animals while enjoying a work-life balance.

Time To Revenue
150 days
Skills
Business model

28. 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

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

Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or the video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.

To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.

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

30. Start a jewelry making business ($361K/month)

The global jewelry market size was valued at $278B in 2018 and is expected to reach $292B by 2025.

The industry comprises manufacturers, wholesalers, retailers, and jewelry designers. Unlike many other industries that have gone through leaps in technology, the jewelry industry has remained untouched for over 40 years.

If you know how to make jewelry in Equatorial Guinea, then this might be a great way to make some extra money.

How Much Can You Make?
$1,000 — $2,000,000/month
Average Initial Investment
$38,333
Time To Revenue
210 days
Skills

Case Study

Hello there! We are Lindsay Ann Gottschall and Courtney Joy Bleier, two sisters from Miami who started Ann + Joy. We make handmade real flower and resin jewelry and sell online and in stores around the world. We take pride in being one of the first companies to make real flower jewelry. During our first year of business, we blossomed almost immediately into a very successful Etsy shop. Etsy was constantly featuring our products on its website and in promotional emails. We are proud to say that since starting in early 2017 we have had over 5,000 sales online.

For all the readers, we are providing a 20% off coupon to our Etsy shop. Use code: STARTERSTORY at checkout!

how-we-started-a-4k-month-handmade-flower-and-resin-jewelry-business

31. 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

32. Start an online community ($1.75K/month)

Online communities bring people who share common values together. For anyone looking to start a side hustle and earn money, you need to figure out the best online communities to participate. More important, you need to figure out on how to translate your online community membership into dollars. Ideas of how to earn through online communities include:

  • Selling your products
  • Promoting affiliate links for a commission
  • Run ads
  • Sell online community membership
  • Start your own online community and charge for sponsored content

How Much Can You Make?
$1,500 — $416,667/month
Average Initial Investment
$6,635
Time Commitment Per Week
Min. 4 hours/week
Skills
Interests

Case Study

Hello! I’m Matt Studdert, and I’m the founder of Frontend Mentor. We are an online learning community that helps people improve their front-end coding skills by building projects. Instead of providing learning tutorials, we provide professionally designed challenges to help our community gain real-life experience building websites and web apps.

Today, we have over 200,000 members on the platform and grow at over 16,000 new members per month. Of those 200,000+ members, we have 1,500+ paid subscribers generating over $15,000 MRR.

we-built-a-180k-year-learn-to-code-community

33. 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 Equatorial Guinea, 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

34. 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

35. 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

36. 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

37. 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

38. Become a social media marketer ($5.05K/month)

Social media marketing is the process of gaining website visitors or customers by promoting your company on social media. To succeed in social media marketing you need to post some tasty, entertaining, and engaging share material regularly on your social media channels.

Everybody knows that social media is a tool that has become extremely important to businesses of all sizes. It allows them to connect with people across the world and provides a platform for customer service. Social networks are changing the way we do marketing. They offer an opportunity for individuals, businesses, and organizations to reach millions of people instantly.

Nowadays it is easy to earn money by doing social media marketing business. You just need to invest some time and effort to get a profit. Social media has been an important part of many businesses' marketing campaigns and it is expected to be a major part of any company's future as well.

How Much Can You Make?
$100 — $250,000/month
Average Initial Investment
$16,437
Time To Revenue
180 days
Skills
Business model

Case Study

I’m Kelsey Chance and I run Good Chance Creative, a creative agency specializing in social media content creation! I work with companies to manage their social media pages, take and post custom lifestyle imagery of their products and services, and strategize creative ways to keep their social media posts, reels, stories, and videos on-trend and successful!

Behind the scenes - shooting a tabletop recipe video for a client’s social media page

i-started-my-own-20k-month-social-media-marketing-agency

39. 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 Equatorial Guinea, 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

40. Start an online plant store ($43K/month)

An online plant store is an excellent business venture any time of the year. No wonder, this idea is catching the fancy of many young entrepreneurs across the globe.

The market size of the plant and flower growing sector in the United States reached $15.23B in 2020. Starting a plant store from scratch isn't easy and it can be a daunting task, especially for newbies. There are a lot of things to consider. But the good news is, with online plant shopping on the rise, starting a plant storage business is easier than ever before.

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

Case Study

We are two friends (Javier and Daniel) that have built several businesses together during the last 20 years. Javier is the technical guy and Daniel is the running business guy. We have built an e-commerce business.

We sell natural garden kits with air plants (a specific type of plant that does not need substrate and requires low maintenance) and other natural decorative elements (like glass vases, wood sticks, sea urchins, and others) to people that like home decoration and original gifts. We have been running the business for around 4 months and our average monthly revenue is around $2K.

how-we-started-a-2k-month-plants-ecommerce-using-no-code-tools

41. 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

42. 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

43. 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.

44. 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

45. 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 Equatorial Guinea, 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

46. 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

47. Become a real estate agent ($350K/month)

Real estate agents are professionals who assist clients in marketing and selling their properties. They also assist the buyers in purchasing properties. Their services include meeting clients, advising them about market conditions, providing guidance through the process of buying or selling properties.

The real estate industry has grown rapidly in the past few years and is likely to grow in the coming years as well. To become a real estate agent, you will need the below skills to perform the task efficiently:

  • Administrative work: scheduling appointments, managing the property listing, creating legal documents and contracts
  • Research: perform market analysis, search for properties
  • Marketing: manage social media presence, run advertising campaigns

An average salary of a real estate agent is $50,000 in the US. Every state’s real estate licensing requirements are different. Based on the state's requirement, a real estate agent will need to pass the real estate license examination.

A real estate career can be financially rewarding. However, the work requires good management skills, organization skills, customer service, handling complex paperwork and socially promoting yourself.

The pros of becoming a real estate agent include earning extra commission from clients and also setting your own working hours.

How Much Can You Make?
$5,000 — $350,000/month
Average Initial Investment
$25,000
Time To Revenue
300 days
Skills
Business model
Work from home

Case Study

My name is Grigory Pekarsky and I own a residential real estate company called Vesta Preferred.

We consistently grow at a 20% pace and this year we are on pace to write 1000 new leases and sell over $120m in real estate.

48. Start a daycare

Daycares provide educational, medical, and social services for the children of working parents either during school hours or when the parents are out of the home for an extended period of time. This can be a lucrative enterprise if you start a daycare in an area where it is needed.

As the growth of families has become dependent on two incomes, the need for quality daycare has skyrocketed. Starting a daycare business in Equatorial Guinea is challenging, but rewarding. You will face many challenges but can overcome them as long as you are ready to make the sacrifices required.

49. 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

50. 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

51. Start an oil production business

The oil manufacturing business is highly profitable small scale business and can be started with little money. Oil is used for various purposes like cooking, manufacturing soaps, cosmetics & hair products.

Oil can either be produced at home or in manufacturing units depending on the scale you want. The most important aspect is maintaining consistency in quality & hygiene standards. If that is maintained then you can easily create your own brand of oils & even start exporting.

How Much Can You Make?
$29,000/month
Skills

Case Study

Hello there! My name is Anusha Moodley, and I’m the founder of Thulisa Naturals. I started the company 5 years ago from my kitchen, using essential oils to make natural bath and body products that support one’s mental and physical well-being.

My business is self-funded, and I started it with a $5K budget. Since the business has grown, I currently make $29K in monthly revenue, with room to grow even more.

how-i-started-a-348k-year-natural-bath-and-body-products-business

52. Start a party entertainer business

Do you want to start a business within the entertainment sector? Becoming a party entertainer can be a great opportunity for you.

Party entertainers thrive mostly at night and on weekends. You can work as an agency and represent entertainers for parties, or if you have the skills, you can become the entertainer.

Party entertainers can work at wedding and bridal parties, birthday parties, children’s parties, corporate parties, or even home-based parties.

How Much Can You Make?
$25,000/month
Skills

Case Study

I am Barry McLaughlin, half of Barry and Jason Games & Entertainment. We make party games, host live game events, and are developing game shows.

how-two-best-friends-are-making-a-killing-with-party-game-products

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

Hey! 👋I'm Pat Walls, the founder of Starter Story.

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meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses. We also share revenue figures for nearly all businesses we interview.