30 Ethereum Based Business Ideas You Can Start Today [2024]

Updated: July 24th, 2023

Interested in starting a ethereum business in 2024?

We put together 30 of the best ethereum businesses you can start in today.

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

Here's the full list:

1. Start a cryptocurrency business

How much you can make: $3,699 — $900,000/month

How long does it take to build: 180 days (?)

Earning $32,000 in 30 Days With a Crypto-Filled USB Drive

CBlocks is a cryptocurrency startup that generates random wallets of the top 100 cryptocurrencies, funds them, and ships them on a USB drive alongside software to manage them, with $32k made in the first 30 days and almost $3k on their second day from being featured in TheNextWeb, Forbes, The Outline & LifeHacker all within their first 3 weeks.

About
Auston started CBlocks.io about 6 years ago
Revenue
Auston grew the business to $32K/month
Read by 12,264 founders

2. Create an online course

An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.

As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.

With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.

For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.

How much you can make: $350 — $3,735,000/month

How much does it cost to start: $1,700 (?)

How long does it take to build: 90 days (?)

How This 28-Year-Old Couple Quit Their Jobs And Make $20K/Month Running A Blog

Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.

About
Kelan started The Savvy Couple over 7 years ago
Revenue
Kelan grew the business to $20K/month
Costs
It cost Kelan $500 to start the business
Read by 26,204 founders

3. Start a dropshipping business

Dropshipping is a business model where you sell products to customers without holding inventory.

Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.

To start a dropshipping business on a budget, choose a niche or category of products you want to sell.

Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.

Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.

How much you can make: $6,000 — $3,000,000/month

How much does it cost to start: $6,000 (?)

How long does it take to build: 90 days (?)

Time commitment per week: Min. 10 hours/week

How I Started A $100K/Month Business Mentoring Dropshipping Entrepreneurs

Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.

About
Kamil started E-commerce Mentoring almost 7 years ago
Revenue
Kamil grew the business to $100K/month
Costs
It cost Kamil $1000 to start the business
Read by 23,344 founders

4. Start a cryptocurrency business

How much you can make: $3,699 — $900,000/month

How long does it take to build: 180 days (?)

Earning $32,000 in 30 Days With a Crypto-Filled USB Drive

CBlocks is a cryptocurrency startup that generates random wallets of the top 100 cryptocurrencies, funds them, and ships them on a USB drive alongside software to manage them, with $32k made in the first 30 days and almost $3k on their second day from being featured in TheNextWeb, Forbes, The Outline & LifeHacker all within their first 3 weeks.

About
Auston started CBlocks.io about 6 years ago
Revenue
Auston grew the business to $32K/month
Read by 12,264 founders

5. Start a consulting business

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 want to start your own consulting business with valuable insights from industry experts, reading about their entrepreneurial journey will help you decide how you should go about it.

How much you can make: $100 — $2,500,000/month

How much does it cost to start: $750 (?)

How long does it take to build: 60 days (?)

How I Started A $45K/Month Cybersecurity Consulting Firm For Startups

Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.

About
Taylor started Eden Data almost 4 years ago
Revenue
Taylor grew the business to $230K/month
Read by 33,946 founders

6. Start an ethereum hardware mining business

7. Start a decentralized app

Decentralized apps are digital applications that exist and run on the blockchain or peer-to-peer networks of computers instead of on single computers.

Before you build a decentralized app business, it helps to know your competition and trends ushering in the new wave of decentralized Apps. Remember that dApps aren’t an entirely new concept. The new shared trust mechanisms that are cryptographically secured make the modern decentralized apps stand out. The decentralized apps will be more involved in day-to-day living, reducing costs and eliminating third parties from many of our personal and business transactions. In addition, app developers can expect to create dApps with a heavy focus on the metaverse.

How long does it take to build: 350 days (?)

8. Start an ethereum domain name business

9. Start a crypto cybersecurity system

Cybercriminals can gain access to entire investments by stealing crypto wallet account keys. Therefore, you must treat crypto accounts with the utmost caution.

Cyber security experts focus on helping companies secure their networks and data from attacks by cybercriminals. Blockchain technologies are receiving massive attention from the research community in different application fields.

Becoming a cybersecurity expert focusing on crypto can be a rewarding career. Coinbase and other cryptocurrency exchanges use blockchain in cybersecurity, allowing users to trade everything from Bitcoin to Litecoin and Ethereum on the company’s secure blockchain platform.

How much you can make: $91,000 — $2,000,000/month

How long does it take to build: 300 days (?)

How I Started A $45K/Month Cybersecurity Consulting Firm For Startups

Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.

About
Taylor started Eden Data almost 4 years ago
Revenue
Taylor grew the business to $230K/month
Read by 33,946 founders

10. Start an ethereum forum business

11. Start a bitcoin vending machine

A bitcoin vending machine allows customers to purchase bitcoin and other cryptocurrencies.

To Start a bitcoin vending machine you need to buy a bitcoin ATM and register the AML/KYC requirements with the BTM compliance. Then, you have to secure a steady bitcoin supply before deploying the machine to a secure location. Finally, you need to load service cash before launching the business.

The BTMs recoup costs through a margin for profit attached to any fees levied on the consumer. With the rate of fees and the overall popularity of Bitcoin, a cryptocurrency ATM is still a highly profitable venture.

12. Start a day trade ethereum account

13. Start an ethereum user manual business

14. Start an ethereum website business

15. Start a cryptocurrency real estate business

Crypto real estate business refers to the use of cryptocurrency in real estate transactions. The transactions occur in digital space namely the metaverse and in real life. To participate in crypto real estate, you need digital assets. You can use digital assets to purchase real estate assets in the metaverse.

Blockchain technology is poised to give the real estate industry a significant leg up. This is because blockchain's inherent system of trust makes it the ideal technology for smart contracting, facilitating renting, buying, investing, and even lending.

16. Start an ethereum oracle

17. Start a merchant wallet account

How much you can make: $2,000,000/month

How long does it take to build: 365 days (?)

How We Developed A $1.5M/Month Online Payment Gateaway

Bangladeshi MD and CEO Fida Haq established shurjoPay in the e-Commerce sector in 2010, a payment gateway as a merchant service provider so MSMEs could accept online payments in a country that lacked such a solution; now averaging $1.5M in transactions per month with 600 merchants, and expanding services with QR-based payments and payment links.

About
Fida started shurjoPay over 13 years ago
Revenue
Fida grew the business to $2M/month
Read by 5,746 founders

18. Start a tools for ethereum traders

How much does it cost to start: $1,000 (?)

How long does it take to build: 30 days (?)

19. Start an ethereum news site business

How much does it cost to start: $800 (?)

How long does it take to build: 110 days (?)

20. Start an ethereum broker

21. Start an ethereum reseller business

22. Start an ethereum paid to click site business

23. Start an ethereum ATM business

24. Start a charity that accepts cryptocurrencies

25. Start an ethereum crowdfunding website business

How much you can make: $300,000/month

How long does it take to build: 180 days (?)

I Make $4M/Year Helping People Run Successful Crowdfunding Campaigns

Co-founder and CEO of The Crowdfunding Formula, Narek Vardanyan, has grown his startup from a crowdfunding marketing agency to a full ecosystem of companies and products supporting consumer hardware innovation, generating over $4M in annual revenue and helping creators overcome barriers to entry.

About
Narek started The Crowdfunding Formula almost 9 years ago
Revenue
Narek grew the business to $300K/month
Costs
It cost Narek $10000 to start the business
Read by 3,340 founders

26. Start a KYC chain business

27. Start an ethereum lending business

28. Start an ethereum MLM business

29. Start an ethereum escrow business

30. Start an online gambling with smart contracts business

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.