30 Ethereum Based Business Ideas You Can Start Today [2024]
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
Curious about tapping into the digital gold rush? Consider starting a cryptocurrency business. This venture involves engaging with digital currencies like Bitcoin, Ethereum, and emerging altcoins.
You’ll be diving into a world that blends finance and technology, offering services like crypto trading, mining, or developing blockchain-based applications. It’s an industry ripe with potential, but it demands a firm grasp of market trends and a willingness to stay up-to-date with regulatory changes.
Imagine harnessing the power of the blockchain to offer secure, transparent financial solutions. There’s considerable opportunity for innovation, whether it's launching your own token or building a crypto exchange platform. Given that the field is still evolving, there's room for newcomers to carve out a niche and make a significant impact.
Starting a cryptocurrency business requires tech-savvy, strategic thinking, and resilience. Although challenging, it's a venture that could place you at the forefront of a financial revolution.
How much you can make: $3,699 — $220,000/month
How long does it take to build: 180 days (?)
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.
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 — $1,000,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 87 days (?)
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.
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
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.
4. Start a cryptocurrency business
Curious about tapping into the digital gold rush? Consider starting a cryptocurrency business. This venture involves engaging with digital currencies like Bitcoin, Ethereum, and emerging altcoins.
You’ll be diving into a world that blends finance and technology, offering services like crypto trading, mining, or developing blockchain-based applications. It’s an industry ripe with potential, but it demands a firm grasp of market trends and a willingness to stay up-to-date with regulatory changes.
Imagine harnessing the power of the blockchain to offer secure, transparent financial solutions. There’s considerable opportunity for innovation, whether it's launching your own token or building a crypto exchange platform. Given that the field is still evolving, there's room for newcomers to carve out a niche and make a significant impact.
Starting a cryptocurrency business requires tech-savvy, strategic thinking, and resilience. Although challenging, it's a venture that could place you at the forefront of a financial revolution.
How much you can make: $3,699 — $220,000/month
How long does it take to build: 180 days (?)
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.
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 — $1,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
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.
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 much you can make: $10,000/month
How long does it take to build: 350 days (?)
MintMe revolutionizes the crypto-crowdfunding space by offering a platform for both token creators and supporters to earn money through token trading, boasting over 1 million users worldwide and attracting clients through direct engagement and continuous improvements.
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 — $230,000/month
How long does it take to build: 300 days (?)
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.
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
Think of a place where you can keep your business's money safe, organized, and always ready for transactions. That's the essence of a merchant wallet account.
A merchant wallet account is a digital wallet specifically designed for businesses to manage their financial transactions with ease. It functions almost like a traditional bank account but offers additional benefits such as instant payments, low transaction fees, and seamless integration with online marketplaces.
Whether you’re running a small e-commerce store or a large online marketplace, having a dedicated merchant wallet account can streamline your financial operations. You'll find it much easier to handle multiple payment methods, reconcile accounts, and offer swift refunds to your customers.
Why should you consider this idea? It’s about efficiency and control. By simplifying how you manage money, you free up more time to focus on growing your business. Start with a merchant wallet account and watch your operations become smoother and more reliable.
How much you can make: $1,000 — $2,000,000/month
How much does it cost to start: $150 (?)
How long does it take to build: 197 days (?)
HoneyCoin is a payments app that helps creators and internet businesses monetize their audiences by managing cash and cryptocurrency all in one place, which processes an average of $10k per month in revenue and has onboarded 504 people.
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
Imagine a crowdfunding platform built on innovative Ethereum technology. An Ethereum crowdfunding website connects project creators with backers, but instead of traditional currencies, it uses the Ethereum blockchain to facilitate transactions. This brings increased security, transparency, and efficiency to the crowdfunding process.
At its core, this business involves creating a user-friendly website where entrepreneurs can showcase their projects and accept funding in Ether (ETH). You’ll need to manage site development, smart contract setup, and marketing to attract both project creators and potential backers.
With cryptocurrency’s rising popularity, launching an Ethereum-based crowdfunding website could place you at the forefront of a burgeoning market. This business demands a mix of tech-savviness, blockchain knowledge, and marketing acumen, making it an exciting venture for those up to the challenge. If you're keen on combining cutting-edge technology with entrepreneurial spirit, this business idea has the potential to be highly rewarding.
How much you can make: $300,000/month
How long does it take to build: 180 days (?)
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.
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
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
