29 Examples Of Profitable Finance Business Ideas (2022)

29 Examples Of Profitable Finance Business Ideas (2022)

Are you looking for finance business ideas you can start today and turn into a full-time hustle?

The good news is there are tons of financial services business ideas - you just have to choose one that suits your passion and goals.

Whether you are a finance expert, a chartered accountant, or an accounting student who wants to kickstart their career by understanding financial business ideas, you have come to the right page.

This article outlines some of the most profitable finance related business ideas (and finance startup ideas) you can start today!

For each finance business idea, we’ll explain what it is, share some tips on how to start a finance business, and show you real-world examples of these financial services business ideas so you can see what it takes to be successful.

1. Start a crypto tax business

The tax code is a complex system that has been in place for decades. As the new age of currency, cryptocurrency, is introduced to the world, it has become increasingly difficult to keep up with the changes.

In 2017, the number of people who owned bitcoin in the United States was 1.5 million.

There are many tax services available online that are designed specifically for cryptocurrency traders and investors. These services will help crypto owners file their taxes quickly and painlessly so they can get back on track with their investments!

How Much Can You Make?
Skills

Case Study

Hello, I am Vamshi Vangapally, CEO and Co-founder of BearTax. We built a platform for cryptocurrency traders and accountants to help them consolidate trades and calculate taxes without heavy lifting.

Started as a tool addressing the need of the hour in early 2018, we became one of the top cryptocurrency tax software in the US, Australia, Canada and India. With our legal and taxation partnerships across the countries, we are now serving more than 10,000 users across the globe.

how-i-built-a-0-to-100k-month-crypto-tax-calculator

2. Become a financial advisor ($491K/month)

Financial advisors advise individuals and businesses, helping them reach their financial goals sooner. To become a certified financial advisor, you must complete a degree course and an internship. Then, go beyond the education and work experience, and find a job where you can practice the skills and knowledge. Financial advisors can work in several places, including banks, brokerage firms, insurance companies, and wealth management firms.

Pursue finance-related certifications and licensure examinations to help you become certified specialists and differentiate yourself from the competition.

How Much Can You Make?
$2,500 — $2,000,000/month
Average Initial Investment
$256,500
Time To Revenue
360 days
Skills
Business model

Case Study

My name is Denzel Rodriguez currently 24 years old and I am a King. I serve the Almighty God King of Kings. My purpose on this earth is to share the Kingdom of God and his influence through financial concepts such as giving.

My company is Builder To Contributor LLC and I primarily do financial consulting with families. My main service is teaching Velocity Banking & Infinite Banking to help people pay off bad debt extremely fast, build credit, increase cash flow, and build wealth in a short period of time. My ideal customer is a mom looking to regain her authority and become a master over her finances. Doing this I currently make over $20k a month.

how-i-started-a-20k-month-business-offering-financial-consulting-services

3. Start a finance blog ($27.9K/month)

A finance blog is a feature appearing as part of an online publication relating to finance, and consisting of articles or personal commentary. A finance blog earns income through sponsored content or simple marketing programs. To succeed in business, a finance blogger should:

  • Have a good writing background
  • Understand the industry from concept or fundamental standpoint
  • Be passionate about the topics
  • Be well organized and maximize the work schedule.

Starting a finance blog involves a low financial investment, while there is a huge possibility for success. There are minimal to no overhead costs, which saves you time and money. Therefore, starting a finance blog is an incredible business opportunity.

How Much Can You Make?
$3,500 — $665,000/month
Average Initial Investment
$364
Time To Revenue
150 days

Case Study

My name is Matt Paulson and I’m the founder of MarketBeat, a financial media company that empowers individual stock investors to make better trading decisions by providing objective financial information and real-time market data.

MarketBeat is expected to generate approximately $8 million in revenue in 2019 and end the year at about 1.3 million unique email subscribers.

how-i-started-an-8m-year-stock-market-research-website

More business ideas

  • 4. Start a credit card comparison website

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

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

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

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

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

Case Study

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

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

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

6. Start a bookkeeping service ($8K/month)

As the nature of business changes, bookkeeping is an essential function that is on-demand across all business sectors.

Bookkeeping services support businesses by handling their accounts receivables, creating and sending invoices to the correct accounts, and processing accounts payable to ensure business owners settle them when due.

To become a bookkeeper, pick the niche market, choose a bookkeeping software, and set up the necessary business infrastructure. You need a website, an address, client database software, and file-sharing tools where your clients can access records on demand.

How Much Can You Make?
Average Initial Investment
$515
Time To Revenue
240 days
Skills
Business model

Case Study

It’s been an incredibly hard journey that’s come with many challenges, including leaving behind a comfortable salary with benefits. But it’s also been undeniably one of the most rewarding experiences for the both of us as it’s given us so much more time to spend with our family. And that means more to us than anything.

how-we-started-a-8k-month-bookkeeping-tax-and-cfo-service

7. Become a stock day trader ($160K/month)

How Much Can You Make?
$160,000 — $830,000/month
Average Initial Investment
$2,250
Skills

Case Study

My Name is Jerremy Alexander Newsome and I started a business called Real Life Trading, where our mission is to enrich lives. We achieve this on a global scale through stock market mentorship.

Real Life Trading has expanded to different countries including Real Life Trading Australia, Real Life Trading Denmark, and Real Life Trading UK. We have generated over 4 million in revenue and enriched tens of thousands of lives. Through our Real Life Foundation, we are donating hundreds of thousands of dollars a year to fantastic causes and will provide our content and education to foster centers and prison inmates.

how-i-created-a-160k-month-trading-courses-business

8. Start a money lending company ($25.3M/month)

How Much Can You Make?
$24,000 — $100,000,000/month
Average Initial Investment
$305,000
Time To Revenue
360 days
Skills
Business model

Case Study

My name is Michael Mikhail and I’m the Founder and CEO of Stratton Equities, the nation’s leading hard money and NON-QM (non-qualified mortgage) lender to national real estate investors, with the largest variety of mortgage loans and programs nationwide. We specialize in unique private money loan programs with the lowest rates in the industry and work directly with Real Estate Investors, Mortgage Brokers, and Realtors.

In 2017, I noticed how the mortgage industry had transformed after the regulations presented from 2008-2012, and knew it was time to set out something on my own - I literally started Stratton Equities with the last $1000 that I had and within the first six months, we grew to $1M. To date, we have grossed over $3M.

how-i-started-a-300k-month-money-lending-company

More business ideas

  • 9. Start a tax service business

10. Start a real estate appraisal service

Starting a real estate appraisal service is a great way to get involved in the industry without having to buy or sell property. As a real estate appraiser, you'll be responsible for estimating the value of properties. This can involve anything from single-family homes to commercial buildings.

To be successful, you'll need to have a strong understanding of the real estate market and the factors that affect property values. You'll also need to be licensed in your state. But, if you're up for the challenge, starting a real estate appraisal business can be a great way to make money in the industry.

Licensed appraisers can make between $40,000 and 100K. They can work for an appraisal management company (AMC), lending institution or government agency. Salary starts at about 40k with top end reaching up to 120 K depending on experience.

Starting a real estate appraisal business offers a niche opportunity that can be very profitable. Appraisers can often work from home, making it a great option for those who want the flexibility of being their own boss.

With the increase in transactions, there is a need for appraisers to accurately value properties. If you have the skills and experience, starting your own appraisal business can be a great way to make money in the real estate industry.

It 's important to note that, while there is a demand for appraisers, the industry is highly regulated. You'll need to be licensed and have the proper credentials to operate your business.

11. Start an accounting software business

Accounting software is an important part of any business. Without a definitive accounting system, businesses cannot keep track of debtors, creditors, assets, and liabilities.

According to experts, demand for new and advanced accounting software is increasing than conventional software. Besides, conventional accounting software lacks technological competitiveness, which creates an environment for expansion and upgradation of the accounting software market.

Are you looking for a business idea within the accounting sector? If you understand how accounting systems work, you can build modern accounting software that helps businesses manage accounts receivables, payables, and the general ledger, among others.

How Much Can You Make?
$1,000,000/month
Average Initial Investment
$131,000
Skills

Case Study

I founded TenantCloud as a way to help landlords manage their rental properties and assist with finding tenants. There are over 15 million DIY landlords in the U.S. and they own 21 million rentals and house 60 million tenants.

Our first revenue was in 2018 and currently, we are on track to do near $15 million at the end of 2021.

we-launched-a-12m-year-property-management-saas-for-landlords-tenants

How Much Can You Make?
$10,000/month
Average Initial Investment
$500
Skills

Case Study

My name is Sam Dogen, founder of Financial Samurai. Financial Samurai is one of the largest independently-owned personal finance sites with about 1 million organic visitors a month. Everything I write and publish is based on firsthand experience because money is too important to be left up to pontification.

After working in finance for 13 years, I decided to focus full-time on Financial Samurai in 2012. The site is 100% more fun to work on and takes 90% less time than working in banking. Financial Samurai generates well over $10,000 a month in passive advertising revenue.

i-left-my-13-year-career-to-start-a-120k-year-financial-advice-blog

13. Start a niche investment platform ($179K/month)

How Much Can You Make?
Average Initial Investment
$3,000
Skills

Case Study

I’m Joe Mahavuthivanij and I’m the co-founder and CEO of Mythic Markets. Mythic Markets is an investing platform that turns high-value, geeky assets like vintage comics, collectible cards, fantasy art, and e-sports teams, into stocks that almost anybody can buy.

how-we-raised-2-25m-to-build-an-investment-platform-for-pop-culture-collectibles

14. Start a real estate investment club ($600K/month)

Real estate investment clubs are a non-profit organization where investors join together to buy real estate properties and make joint investments. Real Investment clubs are created by individuals to bring investors, real estate industry experts, and real estate professionals together to network, learn, and do business. Many clubs focus on real estate crowdfunding, bringing people together for the sole purpose of pooling their money to buy a property.

There is no set number of people required to start a real estate investment club, groups can range from private partnerships to nationally accredited real estate investment associations called REIAs. These groups could include commercial or rental properties, crowdfunded real estate or single-family homes.

Real Estate Investment clubs can work on 2 models: free to join for all or charge an annual fee which would be less than few hundred dollars. Every Real Estate Investment clubs should offer knowledge about different investment practices, how to advertise a service or a business, networking with fellow professionals in the real estate industry etc.

To start a real estate club, you should consider the below points:

  1. Conduct market research and reach out to people who already have expertise in this field
  2. Attend meetings and find out how other clubs operate.
  3. Get familiarized with real estate laws and current market conditions.
  4. Once you decide your mission, start recruiting people and promoting your club

Investing in real estate can be a big step, hence it is always beneficial to form a partnership and find the best deal. Ideally, a club may charge between $50 to $150 per year.

How Much Can You Make?
$10,000 — $600,000/month
Average Initial Investment
$1,252,500
Skills

Case Study

My name is Greg Salley, I’m a founder and Managing Director of Equity Residences.

how-we-started-a-40m-real-estate-investment-fund

15. 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 — $180,000/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

16. Start a budget consultant business ($7K/month)

How Much Can You Make?
$7,000 — $50,000/month
Average Initial Investment
$25,150
Time To Revenue
180 days
Skills
Business model

Case Study

Hi, I’m Steffa Mantilla! I’m a Certified Financial Education Instructor (CFEI) and the founder of Money Tamer, a personal finance blog.

Even though I’ve been building this business from home part-time, I’m already earning $7,000/month gross income.

how-i-transitioned-from-vocational-zookeeper-to-starting-a-7k-month-blog-about-personal-finance-and-budgeting

17. Start a finance podcast

How Much Can You Make?
$17,000 — $21,000/month
Average Initial Investment
$1,000
Skills

Case Study

Hi everyone, I’m a finance expert who built a business around creating fun and educational financial content, notably blog posts and articles. My business, Narrow Bridge Media, is the parent company for my blog, podcast, and video channels at Personal Profitability and my content creation work for clients around the world.

I started writing about money when I launched my blog way back in 2008. That led to my freelance writing business, which made about $40,000 in 2015. Inspired by my success, I quit my job in 2016 and saw my income grow past $10,000 per month later that year. I’ve only seen my income dip below that point a couple of times since and continually operate as a six-figure business with very high margins.

i-left-my-job-in-finance-built-a-200k-year-blog-about-finance

18. Start a VC firm

How Much Can You Make?

Case Study

My name is Phil Strazzulla and I run SelectSoftware. We are an expert online review site for HR software - basically the NerdWallet/WireCutter for all of the different HR software categories out there.

Over the past 3 months, the organic search traffic to SelectSoftware has been growing at around 30% per month, and in August 2019 we had our first month of revenues with a little over $1k/mo.

this-vc-taught-himself-how-to-code-and-is-bootstrapping-his-own-startup

19. Become a forex trader

How Much Can You Make?
$1,200 — $100,000/month
Skills

Case Study

Hello, My name is Sina Sinry. I am an entrepreneur and I started an eCommerce business selling the best performing Forex robot. I have developed and sold thousands of forex robots and helped individuals and businesses to grow their figures to 5 to 6 times higher. I have started three companies in one year.

The products I sell make trading very easy by introducing automation in the life of a trader. All our designed tools save a lot of time for traders and predict the best time to sell and buy stocks. The beauty of eCommerce and dropshipping are endless opportunities. My monthly earning is more than $100,000 per month and continues to increase.

i-developed-a-100k-month-trading-software

20. Become a crypto trader

Crypto trading is an exciting market with a reputation for higher returns than some traditional investments.

Note that cryptocurrencies are incredibly volatile (and this is not investment advice).

When you start, opt for small-stake trades that allow you to get a handle on the market with minimal risk. Trade through a secure wallet provided by a reputable broker such as Coinbase or Binance. Take time to practice technical analysis, an essential research skill to help you read charts and identify patterns to inform your crypto trading strategies.

How Much Can You Make?
$1,000 — $300,000/month
Average Initial Investment
$102,500
Skills

Case Study

We are a team of people who sincerely believe in cryptocurrency and want to leave their significant mark in crypto-economics, therefore we created Exolix. There are many digital specialists in our team, but we are all united by our love for cryptocurrency, which two years ago prompted us to create our own product.

Today Exolix is ​​an anonymous cryptocurrency exchange with a fixed rate that provides users with unlimited exchange. Our main goal is to provide a fast, easy and secure exchange process.

on-starting-a-cryptocurrency-exchange-platform

More business ideas

  • 21. Start a health insurance business

22. Start a stock market research website

How Much Can You Make?
$665,000/month
Average Initial Investment
$150,000

Case Study

My name is Matt Paulson and I’m the founder of MarketBeat, a financial media company that empowers individual stock investors to make better trading decisions by providing objective financial information and real-time market data.

MarketBeat is expected to generate approximately $8 million in revenue in 2019 and end the year at about 1.3 million unique email subscribers.

how-i-started-an-8m-year-stock-market-research-website

23. Start an online payment service

An online payment service provider is a third-party company that provides a payment platform for businesses that accept online payment methods like debit cards, credit cards, cash cards, etc. Building an online payment platform is a great way of achieving financial freedom. This is because the payment platform charges the stores and service providers a convenience fee for using their services, generating a passive income for the business owners.

If you plan to build an online payment solution, focus on building a solution that will process different payment types.

How Much Can You Make?
$1,200 — $5,000,000/month
Average Initial Investment
$220,010
Skills

Case Study

Hi! This is Fida Haq and I am the MD and CEO of shurjoPay since its inception in 2010.

During Q1 of 2021, shurjoPay is averaging a transactional volume of USD 1.5M per month with the total number of merchants exceeding 600. We believe shurjoPay's impact in bringing about a change in the country’s online payment collection system has been transformational.

how-we-developed-a-1-5m-month-online-payment-gateaway

24. Create a digital wallet app ($1.5M/month)

A digital wallet is a financial transaction application that runs on mobile devices. In today's digital era, people demand the freedom to purchase anything and be able to pay from their digital wallets.

With technological advancement, making digital payments has become easier than ever before. Anyone can use mobile payment platforms to pay and accept payments online. Therefore, creating a digital payments wallet can be a great business opportunity.

To create a digital wallet, conduct extensive market research and create a business plan. It would help if you could hire competent programmers to create a secure payment gateway.

How Much Can You Make?
$1,500,000/month
Average Initial Investment
$700,000
Time To Revenue
240 days
Skills
Work from home

Case Study

My name is Yavor Petrov and I’m the CEO of iCard - a unique and 100% digital bank account alternative.

Since the launch in late 2017 , the iCard app got around 500,000 downloads. An increasing number of our users opt to use our accounts for getting salaries paid in because of the security tools we have embedded. Everyone has their own particular favourite feature, but spending money in a way that provides better than expected funds protection is the main conversion point and we seek any opportunity to emphasize it.

how-we-launched-a-1-5mm-month-digital-wallet-and-financial-services-company

25. Become a retirement & personal finance consultant

The retirement and financial advisors use their knowledge and expertise to construct personalized financial planning to achieve the client's goals. To become a retirement and financial advisor, take relevant finance, investments, estate planning, and risk management courses.

To become a certified financial planner, you must complete the CFP Board of standards-approved, college-level personal financial planning and risk management program. Upon acquiring proper certifications and licensing, seek an internship under a seasoned professional. The internship lets you gain the necessary skills to serve clients appropriately.

How Much Can You Make?
$100,000 — $258,333/month
Average Initial Investment
$100,000
Skills

Case Study
  • Deacon Hayes founded the company Well Kept Wallet, a business that offers one-on-one financial assistance to people looking to create budgets, pay off debt, etc.
  • He is a personal finance expert, podcaster, and speaker.
  • Deacon started this business in 2010 with the goal of educating people about personal finance and changing lives.
  • The founder has been successful in increasing the site's revenue to over $100,000 per month.

article

Read the full story on nichepursuits.com ➜

26. Start a crowdfunding app business

How Much Can You Make?
$1,000 — $400,000/month
Skills

Case Study

My name is Howard Marks. I am the co-founder and CEO at StartEngine, a leading equity crowdfunding platform that allows everyday people to invest in startups and entrepreneurs to raise capital from the crowd.

StartEngine has helped more than 265 companies raise capital from a community of over 190,000 users on our platform. Those companies have raised close to $100M and include every type of business from electric bikes and solar panels to movies and open source voice assistants.

how-we-built-and-launched-a-100m-equity-crowdfunding-platform

27. Start a credit repair business

Credit repair involves restoring or correcting a poor credit score by pointing out untrue or incorrect listings from a credit report. The demand for credit repair services is increasing tremendously.

According to a report, the global credit repair services market is estimated to grow at a CAGR of 13.76%, reaching approximately $7,000 in a few years.

The increased demand for credit repair services is because people are after removing negative items from their credit reports so they can reach a higher FICO score and obtain credit. Therefore, starting a credit repair company can be a rewarding and fun business. To start a credit repair company, you need trained and certified staff.

More business ideas

  • 28. Start a commodity trader business
  • 29. Become a financial appraisal
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