46 Profitable Group Business Ideas For Friends [2023]

46 Profitable Group Business Ideas For Friends [2023]

Planning to start a business with friends?

Starting a business with your friends is nothing to be afraid of. Just look at companies like HP, Microsoft, Apple, and Google. They are all examples of big businesses founded by BFFs, and they reinforce the idea that you can start a huge business with your friends.

In this list, you'll find real-world examples of successful best friend business ideas to give you some inspiration.

Here's the list of the best group business ideas:

1. Start a tech company

Tech businesses are about the most exciting and potentially lucrative businesses you can start.

The global tech market size is expected to grow from $8,384B in 2021 to $9,326B in 2022.

But don't mistake the excitement for easy street: getting the tech startup off the ground requires a lot of work. There are many important factors, including how much capital you need, your business plan, and equipment needed to get started.

How Much Can You Make?
$1,000 — $25,000/month
Average Initial Investment
$800,500
Time To Revenue
360 days
Skills
Business model
Work from home

Case Study

My name is Marvin Hosea, I have been developing software for more than five years now and I am the founder and lead at Apps: Lab KE. We are a team of expert software developers, data analysts, and designers specializing in problem-solving using technology and data for businesses and communities.

We are good at what we do and that is software development as stated by our slogan Heart of Tech

how-i-started-a-3-7k-month-software-company-in-kenya

2. Become a watch maker

How Much Can You Make?
Average Initial Investment
$12,000

Case Study

I’m Marcus, Co-Director of Bruder Watches Ltd, the youngest of three brothers from Bristol, United Kingdom. We pride ourselves on offering high-quality, timeless watches that don’t break the bank. Our company is in its infancy but we have already seen a fantastic appetite for our new range of timepieces called "Fortis". The range consists of five watch styles each designed to look great whatever the occasion. Our company was born at the beginning of the Covid-19 pandemic, so as you can imagine, logistically, it wasn’t without its challenges getting to where we are today.

Success in 2021 for Bruder is about continuing to grow our brand and engage with our customer base. We will expect to break even around August from our initial start-up cost of around $17,000.

how-these-three-brothers-started-a-1-5k-month-watch-brand

3. Start a startup consulting business

How Much Can You Make?
$1,500 — $18,933,333/month
Average Initial Investment
$125
Skills

Case Study

How many times have you failed and got back up? My life has been nothing but failures, hurdles, and obstacles, and I continued to get back up. I started my first business when I was just 14, had to borrow my mom’s credit card to pay for a reseller account at hostgator.com. The plan was to get rich selling web hosting! I didn’t get rich, per se, but after losing both my parents before the age of 18, it was the only thing I had left that gave me purpose.

The business presently generates over $9M ARR with around 103 clients. Our growth rate in the past 3-years was 3,684%.

how-i-started-a-9m-year-company-outsourcing-support-for-startups

4. Create an online course

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-fold 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 as possible.

How Much Can You Make?
$350 — $3,735,000/month
Average Initial Investment
$6,531
Time To Revenue
150 days
Skills

Case Study

Hey! We are Kelan and Brittany Kline the founders and co-owners of the popular personal finance blog The Savvy Couple.

We are currently on pace to make over $250,000 this year alone with our personal finance blog!

how-this-28-year-old-couple-quit-their-jobs-and-make-20k-month-running-a-blog

5. Start a lawn care service

Are you ready to begin your lawn care business and be your boss? A lawncare business offers lawn aeration, Seeding, fertilizing, soil acidity tests, and controlling weeds, among other services. If you love creating amazing landscapes, consider starting a lawn care company.

To start lawn care legally and run it profitably, you must register the business legally. You can get into a franchise or start a business from scratch. Decide what lawn care services you will offer and your target clients.

To offer effective service, purchase lawn care equipment, and hire skilled lawn care personnel.

How Much Can You Make?
$2,500,000/month
Average Initial Investment
$250,000
Skills

Case Study

I'm Bryan Clayton CEO of GreenPal which is best described as Uber for Lawn Care.

Good thing early investors told us no because with their capital they would have owned and controlled 30% of our business.e are self-funded and my cofounders and I own it all.

uber-for-lawn-care-how-i-built-a-30m-software

6. Start a data science company

Data science deals with the vast volume of data using modern tools and techniques to find unseen patterns. Data science experts can add value to any business using the data well. Data science companies help businesses to:

  • Mitigate risk and fraud
  • Deliver relevant products
  • Offer a personalized experience

Given the critical role of data science in business analytics, starting a data science company can be a great idea.

How Much Can You Make?
$100,000 — $250,000/month
Average Initial Investment
$126,666
Skills

Case Study

I'm Peter Szyszko, the CEO and founder of White Bullet, and we identify IP-infringing websites and apps and track the advertising that is funding them. Our core product is our IP Infringement (IPI) Analytics Platform, which analyses websites and apps that infringe the third-party intellectual property, such as movies, games, software, and so on, and the advertising that is placed next to (and monetizes) this content.

We fall into the cyber-technology/AI space because most of what we do is driven through AI. We have been around for six years now, and the best measure of our success is probably our growth: we are taking on new clients monthly because companies see the value in what we do.

how-we-developed-a-leading-ip-infringement-analytics-platform

7. Start an online marketing business

How Much Can You Make?
$1,500 — $3,100,000/month
Skills

Case Study

Hello guys! My name is Justas Markus, and I’m the co-founder of GetFound XL, a link building company. I started the company almost 4 years ago with my buddy Tomas Laurinavicius who was interviewed by Starter Story a few months ago.

For our agency, it was a perfect decision to focus only on one thing. All the processes are optimized, it's enough to have 3-4 full-time employees and, most importantly, deliver the highest quality services.

how-i-started-a-35k-month-agency-specialized-on-link-building

8. Start a beauty business

The beauty industry is growing at a rapid pace - valued at $511B in 2021, with an annual compounded growth rate of 4.75% worldwide. The beauty industry is predicted to exceed $716B by 2025.

If you are thinking of starting your own beauty business, there are many opportunities in this space to succeed. The most profitable branches in this industry include makeup, skincare, and hair products.

How Much Can You Make?
$1,500 — $40,480,000/month
Skills

Case Study

Hi! My name is Mikey Moran and I am one of the owners of Private Label Extensions. We started this company a little over 5 years ago to create another option for women looking for amazing quality hair and entrepreneurs looking to get into the hair industry.

We’ve made a lot of mistakes during our business journey but have learned from them all and have seen an increase in business. We went from selling a few thousand dollars a month to over $650,000 monthly and even had a $1,000,000 month. One of our biggest accomplishments was being ranked #278 of the fastest-growing companies by Inc Magazine for 2018.

how-i-started-a-650k-month-hair-extensions-and-products-business

9. Become a music band manager

A music band manager is a professional representative and advisor to a musician or a band. The main duties of a band manager include negotiating contracts on behalf of the band.

The music band manager earns a commission of what the music band earns from gigs. To maximize earnings, the manager should act as a liaison between bands and the key players in the music industry and secure the best contracts and deals.

How Much Can You Make?
$40,000/month
Average Initial Investment
$5,000
Skills

Case Study

My name is Charles Driebe and I am an attorney and the founder of Blind Ambition Management, a company that manages the careers of musical artists and produces live musical events. The connecting thread with all our artists and events is that the music is authentic and life-affirming.

At FAME Studio in Muscle Shoals, Alabama with the Blind Boys of Alabama, four-time Grammy Award winners

how-i-transitioned-from-a-career-in-law-to-starting-a-40k-month-business-managing-music-artists

10. Start a food truck

Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.

To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.

How Much Can You Make?
$29,166 — $61,650,000/month
Average Initial Investment
$44,033
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.

11. Start a mobile photography

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 , 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-commercial-product-photography-business

For artists, getting the attention of traditional brick & mortar stores is an enormous challenge with slim odds of success. Fortunately, online marketplaces make it possible for artists across the globe to sell their artwork internationally.

With art galleries contributing up to 45 billion dollars, they can be a great business opportunity. If you are interested in the art industry, you can start an online art gallery.

How Much Can You Make?
$350,000/month
Average Initial Investment
$150,000
Time To Revenue
330 days
Skills
Business model

Case Study

Hi, my name is Adam Vieira, and I’m the creative director for Station 16 Gallery, a contemporary art gallery in Montreal heavily influenced by graffiti and street art.

We showcase original art, sculptures, and works on paper, which changes every month, sometimes every week. We also launch a new limited edition silkscreen print every month with international artists.

growing-an-art-gallery-to-150-000-month

13. Start a clothing line

There are millions of fashion and clothing brands around the world.

From small, niche brands run out of people's apartments to huge brands like Nike & Uniqlo, starting a clothing brand is a great business that requires minimal costs to get started.

How Much Can You Make?
$1,000 — $9,975,000/month
Average Initial Investment
$20,228
Skills

Case Study

Hey there! My name is Kyle Bergman, and I am the Founder and Chief Swoverall Officer of The Great Fantastic. My brand’s mission is to create the world’s comfiest apparel products made from sustainable materials, and ethical manufacturing practices.

Our hero product, Swoveralls, is the combination of sweatpants and overalls into one glorious masterpiece. I sold my first pair about 18 months ago, and have done over $300k to date all while not only having a variety of full and part-time jobs, but also going to business school, and playing lacrosse for the Israeli Men’s National Team.

sweatpants-overalls-how-i-turned-a-silly-idea-into-a-viral-brand

14. Start an online advertising agency

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?
$2,797 — $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

15. Start a men's fashion blog

How Much Can You Make?
$4,000 — $50,000/month
Average Initial Investment
$25,500
Time To Revenue
150 days
Skills

Case Study

My name is Brock McGoff, and I run The Modest Man (TMM), a digital media brand dedicated to helping guys dress better and feel more confident, with an emphasis on the man of modest height.

In a given month, TMM generates $10-15k revenue from advertising brand partnerships, digital products (an e-book) and affiliate programs. Since there isn’t any inventory or “cost of goods” profit margins are very high.

starting-a-men-s-style-publication-reaching-a-million-people-per-month

16. Start a content marketing agency

Content is the currency of the digital world. Today, more and more businesses need to work with writers and content marketers. If you want to get into these kinds of jobs, you should start a writers' or content marketing agency.

Worldwide content marketing industry revenue was estimated at roughly $66B in 2021. The source projected that it would increase to $76B in 2022 and that it would continue growing over the further years to reach $137B in 2026.

Content marketing will continue to grow in significance with the increased use of digital channels. Therefore, the demand for content marketers is projected to grow by 27% over the next few years.

How Much Can You Make?
$500 — $741,666/month
Skills

Case Study

My name is David Tile. I own and operate a Content Writing Service, under the banner Article-Writing.co.

We don’t consider ourselves a content marketing firm. But a firm dedicated to the business of writing. Project management offers most often attached to marketing agencies. We work against marketing briefs delivering content on time and under budget.

how-i-started-a-80k-month-content-writing-business

17. Start a travel company

Travel companies sell transportation, lodging, plan trips, and admission to entertainment activities to individuals and groups.

If you love traveling, you can start a company that organizes trips for different people. Choose a niche and ensure travel packages that suit them best.

How Much Can You Make?
$10,000 — $114,200,000/month
Average Initial Investment
$151,788
Skills

Case Study

I’m Matt Wilson and my co-founder Jared O’Toole and I own Under30Experiences, a travel company for people aged 21-35. We run small group travel excursions around the world to destinations including Costa Rica, Iceland, Thailand, Greece, and US National Parks.

We’ve been named on Inc Magazine’s list of the fastest-growing private companies in America and number 198 on Financial Times 1000 list of America's Fastest-Growing Companies. Before the COVID-19 pandemic, we were closing in on $5M in revenue and plan to be back to that level and more soon.

how-we-started-a-300k-month-business-organizing-trips-for-young-people

18. Start a SEO agency

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 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 an excellent chance for success.

It’s easier than ever to start your SEO agency. 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
$5,851
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

19. Start a branding agency

A branding agency helps create, develop, maintain and improve brands. The role of branding agencies is to create, plan, measure, and manage branding strategies for clients to support them in advertising and other promotions.

Business branding has always been a vital part of a business. With branding, businesses reach more customers daily and stay relevant to their existing customers. As companies compete to get more customers and remain relevant, there is a high demand for branding solutions.

Starting a branding agency can be a profitable and satisfying business venture. To start a branding agency, you must be able to weave together disparate pieces of data and information into compelling narratives so you can help a business convey its story or express its unique values and culture.

How Much Can You Make?
$3,000 — $741,666/month
Average Initial Investment
$15,913
Time To Revenue
270 days
Skills
Business model
Work from home

Case Study

I am a brand stylist, designer and speaker, and founder of ELVA LI Brand.Style.Design, a boutique branding house helping lady bosses feel confident online and land high-end clients through luxury branding and website design.

With a background in Business and Finance for 10 years, I have combined my creative flair with my business savviness to help female entrepreneurs bring their visions to life and turn their ideas to a premium brand. Everything I do exudes style, elegance and timelessness, because these are a necessity, not a luxury. I have been featured on LadyBoss Asia, This Women Can and have been seen on ABC, CBS, Fox, etc.

how-i-started-a-5-000-month-luxury-branding-agency

20. Start a product review blog

A product review blog typically includes a description of the product, as well as a rating and review. This can be anything from reviewing gadgets to books to software.

To start a product review blog, you need to have strong writing skills and be familiar with the available products. You should also have a good understanding of how to market your blog and generate traffic.

The recent trend that is making this business more popular is the growth of social media. With more people using social media, businesses are looking for ways to connect with their customers. Product review blogs provide businesses with a way to connect with their customers and generate positive reviews.

Starting a product review blog is a great way to share your opinion on different products. This type of blog can be very profitable, as you can generate revenue through advertising and affiliate marketing.

How Much Can You Make?
$1,000 — $3,500,000/month
Average Initial Investment
$1,862
Skills
Business model

Case Study

I’m Cy, an award-winning sex blogger who’s critiqued over 200 body-safe sex toys. My review blog, Super Smash Cache, focuses on which sex toys are worth it, which ones fall short, and which ones may work for others but not for me (and vice versa).

I gave my honest take on THAT nearly-$300 massager that won a robotics design award, and I’ll never rave about a toy that sounds like a dolphin when you clench around it — no matter how many influencers post smiling selfies with it.

how-my-blog-with-body-safe-sex-toys-reviews-turned-into-a-2k-month-side-hustle

21. 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, you need a mastery of online marketing and a focus on improving customer experience.

How Much Can You Make?
$6,000 — $3,000,000/month
Average Initial Investment
$11,116
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

22. Start an e-book publishing business

How Much Can You Make?
$2,000 — $800,000/month
Skills

Case Study

My name is Erin Mooney and I run MadeUrban, a blog for small business owners selling handmade products. My audience sells their crafts through craft shows, Etsy, a website, and/or retailers. I provide them with advice for each step they must take along the way. And I like to do so in an easy-to-understand and easy-to-follow way, with outside-the-box concepts they haven’t already read about on hundreds of other blogs.

As events start to open back up in 2021, and with a slight pivot to my strategy, I’m almost back to what my average monthly revenue was pre-Covid, and I currently earn between $5000 - $8000 per month.

i-turned-a-failing-startup-idea-into-a-successful-e-book-business

23. Start a gardening business

A gardening business makes money by planting trees, growing specific produce, maintaining landscapes, and more.

Gardening companies work with homeowners to install, maintain and repair their landscaping areas. For instance, a typical gardening business provides all-inclusive services to create and maintain a lawn, such as mowing, fertilizing, and edging.

Owning a gardening business can be a very flexible and profitable business venture.

How Much Can You Make?
$27,000 — $150,000/month
Average Initial Investment
$46,000
Time To Revenue
360 days
Skills
Business model

Case Study

My name is Chris Crawford and I am the founder of RinseKit. We design, manufacture, and sell the RinseKit- a portable pressurized shower that’s like having a hose to go. It doesn’t require pumping or batteries, fills from a hose spigot or sink in 30 seconds, can maintain pressure for up to a month, and is entirely portable. We started the business back about 5 years ago and have since grown to average over $1.5 M in sales each year.

how-i-designed-a-150k-month-portable-pressurized-shower-and-went-on-shark-tank

24. Start a coffee shop

Starting a coffee shop is an exciting and rewarding venture. It's a business that can be started with relatively little capital, and there are many ways to make it profitable. Coffee shops feature a low-cost stock but are profitable businesses.

If you plan to open a coffee shop, you may purchase a franchise, buy an existing business, or start from scratch. Whichever the decision, ensure a strategic location and renovate the space to create an inviting atmosphere. Develop a fantastic offering and begin marketing the business even before you open.

How Much Can You Make?
$15,000 — $52,500/month
Average Initial Investment
$41,766
Skills

Case Study

My name is Beth Baxter and I co-founded Camper Cafe, a mobile coffee van business. The idea for our business started with my partner’s love for vintage VW campervans. He had a rusty old shell of a T25 Campervan given to him, that he wanted to convert into a trailer for his motorbikes.

Although we never really thought about this ever becoming more than just a lifestyle business, we found we were turning so much work away from that in 2019 when the company was turning over around £150k from working only 70 days of the year, we decided that I should go full-time to see the potential.

we-built-a-coffee-shop-in-a-van-that-makes-180k-year

25. Start a craft beer business

Are you passionate about beer and ready to penetrate a niche within the alcohol industry? Craft beer is a potential business idea you may want to start.

Craft beer is an important and attractive niche consumer market with the potential to multiply profitability.

The good news is that starting your craft beer brewery is not as difficult as you think.

You can start brewing craft beer with nothing more than a bucket, a bubbler, a siphon pipe, and a kit. Eventually, you will start bottling your craft beer and delivering it to the market.

How Much Can You Make?
$56,000/month
Average Initial Investment
$10,000
Time To Revenue
300 days
Skills
Business model

Case Study

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

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

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

26. Start a cake business

How Much Can You Make?
Skills

Case Study

My name is Amanda Bradford and I own Bradford Bakery. I started in the culinary industry 15 years ago and have done everything from restaurants to the Dalai Lama’s 80th birthday cake and celebrity catering events.

Our customers reach out to us because they know they are getting quality products that will meet the needs of their event and their dietary restrictions if they have any! We are a favorite of our local community and love that people are spreading the word about our business to their friends which we are seeing in our growing client list! Even in the past few months we have seen a 550% increase in our SEO on google and filled more orders for the community just by them recommending us and searching us on the web!

i-opened-my-dream-bakery-with-just-500-based-in-texas

27. Start an event organizing business

How Much Can You Make?
$3,000 — $162,620/month
Skills

Case Study

Hi guys! My name is Bosco Soler and I'm the founder and only FTE employee of SinOficina: the first online coworking for the Spanish speaking community of freelancers and entrepreneurs.

What it started as a need to solve my own isolation as a freelance a year and a half ago, became a subscription model business that is now my main source of income making $3K/mo without spending a dollar (or euro) on paid advertisement.

how-i-started-a-3k-month-online-coworking-for-freelance-and-entrepreneurs

28. Start a cupcakes shop

The global confectionery market will grow at a CAGR of 3.8% and reach USD 242.53 billion in the next few years. The global increase in demand is attributable to the market’s demand and growth and the increasing shift towards luxurious and premium confectionaries.

If you are interested in starting a business in the confectionery industry, you may consider baking and stocking cupcakes. There is no one-size-fits-a when it comes to the production of cupcakes. You can open a home-based bakery or a hybrid model where you have the bakery with a café.

How Much Can You Make?
$3,750 — $4,000/month
Average Initial Investment
$285
Skills

Case Study

My name is Amanda Bradford and I own Bradford Bakery. I started in the culinary industry 15 years ago and have done everything from restaurants to the Dalai Lama’s 80th birthday cake and celebrity catering events.

Our customers reach out to us because they know they are getting quality products that will meet the needs of their event and their dietary restrictions if they have any! We are a favorite of our local community and love that people are spreading the word about our business to their friends which we are seeing in our growing client list! Even in the past few months we have seen a 550% increase in our SEO on google and filled more orders for the community just by them recommending us and searching us on the web!

i-opened-my-dream-bakery-with-just-500-based-in-texas

29. Start a dance studio

The dance studio business idea involves providing a space for people to learn and practice various dance styles, such as ballet, jazz, hip-hop, and salsa. To start this business, you will need a space to hold classes, essential equipment, and instructors. You must schedule classes, advertise the business, manage finances, and create a positive student experience to operate it.

How Much Can You Make?
$8,400 — $40,000/month
Average Initial Investment
$150,000
Skills

Case Study

I am Bryan Greene, I own and started The LOOK Fitness in Newport Beach, California.

The LOOK Fitness is currently making $53,000 per month and growing monthly, fighting back from the hardships we've endured. We moved from our original location as we outgrew our first location and survived a drawn-out build-out that was supposed to take only two months, which took one year and eight months, and COVID in Southern California with some of the most strict closures.

how-i-grew-my-fitness-studio-to-480k-year-despite-the-pandemic

30. Start a sports skills coaching business

How Much Can You Make?
$16,000/month
Skills

Case Study

My name is Jay Fuller, I’m one of three co-founders of athlo agncy. – a personal branding startup for the anonymous college athlete navigating NIL (Name, Image, and Likeness). Our flagship product is a personal branding workshop, pre-recorded in a MasterClass-like format. Facilitated by my other two co-founders – Aly and Isaac Nauta (brother and sister).

We’ve been able to add athlo ambassadors, participate in an event with UGA baseball and a sports accelerator, and have two on-campus workshops scheduled this summer with two different universities.

on-starting-a-business-helping-student-athletes-monetize-their-personal-brand

31. Start a skincare products business

Skincare is a widely expanding industry estimated to exceed $189 billion by 2025. The statistics show that the skincare business is an incredible opportunity for aspiring entrepreneurs in skincare.

If you have a passion for helping people look their best and want to start your own business, a skin care products business may be your opportunity.

While the industry is competitive, it also provides entrepreneurs who want to join the field with many opportunities. Determine the beauty business idea you want to launch, launch a digital presence, and develop a marketing strategy.

How Much Can You Make?
$1,000 — $300,000/month
Average Initial Investment
$35,666
Skills

Case Study

Hi there! My name is Mark Maher and I am a co-founder of Beyond Botanicals, a CBD Manufacturing company in the USA focused on Private Label CBD, Wholesale CBD, and our own best-selling line of premium quality CBD products. We help people start their own CBD businesses.

We launched in 2017, doing about $80K in six months of business. In the following two years, we rocketed over $250K in monthly sales and quickly crossed $3M in annual revenue.

we-built-a-3m-year-wholesale-cbd-operation

32. 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. In addition, 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 extra income.

If you want 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
$8,757
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

33. Start an acting lessons business

Mumbai is the hometown of Bollywood, and many people are coming to Mumbai to become actors. As the owner of an acting classes business in Mumbai, you will provide training, coaching, and support to those considering getting into the Mumbai Bollywood industry. To get started, you may choose to work with children or with a career-oriented adult audience interested in stage acting, film, commercials, voice-over work, or other areas of specialization.

34. Start a dog walking business

Do you love dogs? If yes, you can turn your love for animals into a lucrative side hustle that can help you pay extra toward your mortgage, save for a vacation, or even clear that student loan.

If you offer dog walking services as a side hustle, you could earn an average income of between $10,000 and $30,000 per year. As a dog walker, sitter or boarder, you offer your services to dog owners looking for a caregiver for their puppy. Register on a legitimate dog-walking app and create a compelling profile to get started.

How Much Can You Make?
$8,000 — $54,000/month
Average Initial Investment
$2,125
Time Commitment Per Week
Min. 2 hours/week
Skills

Case Study

Hi. My name is Melodi Landi. I am the Founder & Owner of Furry Fellas Pet Service LLC.

Furry Fellas has been voted in the TOP 3 Pet Sitting / Dog Walking Company within the RI / MA area for 8 years in a row!

how-i-started-a-54k-month-pet-sitting-and-dog-walking-business

35. Develop an online survey tool

Online survey tools are a great way for businesses to gather customer feedback. They offer a convenient and cost-effective way to collect data from large groups of people. This service offers a variety of features, including a survey builder, a data collection tool, and a reporting system.

If you are interested in starting a business that helps businesses to gather customer feedback, then starting an online survey tool could be a great option for you. This business is growing in popularity as more businesses are using online surveys to collect data.

Typeform is a popular online survey tool that allows you to ask customers questions and get their feedback on the product. This can be used for many different purposes such as improving services or developing new products. Typeform told TechCrunch on the occasion of today’s funding announcement that its annual recurring revenue surpassed $70 million in 2021 after tripling over the preceding three years.

Building an online survey tool is a good business idea because there is a lot of demand for data collection. Businesses need to know more about their customers in order to be able to make better decisions.

How Much Can You Make?
$1,000 — $1,600,000/month
Time To Revenue
270 days
Skills

Case Study

Hi there! My name is Vivek Bhaskaran the Founder of QuestionPro. The most robust survey software you are going to find on the market along with Customer Experience, Employee Experience, and a Research platform that will give your company every advantage. We focus on not only providing the tools for creation, distribution, and analysis of surveys, but also provide the platforms for polling, tablet-based mobile research, and data visualization.

how-i-started-a-1-6m-month-online-surveys-and-research-tools-software

36. 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 Can You Make?
$91,000 — $1,000,000/month
Average Initial Investment
$350,000
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

37. Start a construction company

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
$16,687,333
Time To Revenue
360 days
Skills
Business model

Case Study

With a little luck, and a lot of gaming the YouTube algorithm, I was able to experience the viral effects of the internet. It has now been seen by over 25m people through my channel and other media networks.

how-i-gamed-the-youtube-algorithm-and-went-viral-with-25m-views

38. Start a kids store

The kid's store business is a large market attracting millions of annual global sales and steady growth. If you plan to start a kids store business, you can specialize in clothing, toys, and accessories or sell all of these in one store.

Research the local market to discover what is appealing, and find the best suppliers. Define a business model and apply for applicable licensing. For kids apparel stores, a physical storefront acts as an anchor and helps build a local customer base. An online store will help you reach a wider market as you supply to those outside your locality.

Average Initial Investment
$5,000
Skills

39. Start an auto parts shop

If you want to start a retail business in the automobile industry, consider an auto parts business.

The auto parts business is one of the most successful businesses in the world. There are many Auto Parts Businesses in the United States, Canada, and the UK, where most are part-time.

Listed are the steps on how to start an auto parts shop business.

  • Pick a location
  • Do your market research
  • Secure all permits and licenses
  • Open a bank account for business transactions

How Much Can You Make?
$45,000 — $600,000/month
Average Initial Investment
$75,000
Skills

Case Study

Hey everyone! My name is Mitchel Matthews and I am a 22-year-old entrepreneur. I am the owner/founder of Adrenaline Offroad which is an eCommerce store for aftermarket vehicle accessories! We mainly focus our expertise in the realm of automotive LED lighting accessories. Our products are built for a person who will endure hardcore offroading situations with their vehicle all the way to people who attend multiple shows per month in their show trucks! Some of our most popular products being our RGB+W underglow/rock light & LED wheel ring lights. In just over a year of quitting my job to pursue my passion for truck mods full time, I am so beyond proud & excited to be making 5x the amount of money that I used to make per month!

Pictured above is our most popular bundle kit called “The UFO GLOW Bundle Kit”

how-i-started-a-12k-month-aftermarket-vehicle-accessories

40. Start a niche blog

Growing a niche blog can be an incredible way to build an income on the Internet. You can start blogging in any niche that you find interesting with a few easy steps. You simply need a domain, hosting, and WordPress to start blogging. The hard part comes when you try to monetize your website traffic. Making income from your blog, and making a blog that actually pays you the money takes time, work, and effort.

There are more than 500 million blogs out of 1.7 billion websites. Over 409 million people view more than 20 billion pages each month. Users produce around 70 million new posts and 77 million new comments each month. Content marketing is predicted to be an industry worth $412.88B by 2021.

How Much Can You Make?
$200 — $100,000/month
Average Initial Investment
$2,584
Time To Revenue
120 days

Case Study
  • The most comprehensive interview about starting: Founder Interviews: Pat Walls of Starter Story.
  • A more personal side of the story: The Best Year Of My Life: In 35 Tweets.
  • More recent: How Starter Story grew to 1.4 million monthly visitors and $500,000 in annual revenue
  • Latest: 5 years building Starter Story # Read these first
  • The most comprehensive interview about starting: Founder Interviews: Pat Walls of Starter Story.
  • A more personal side of the story: The Best Year Of My Life: In 35 Tweets.
  • More recent: How Starter Story grew to 1.4 million monthly visitors and $500,000 in annual revenue
  • Latest: 5 years building Starter Story

41. Start a web development business

Web development is creating websites that can be used for various purposes, including e-commerce, social networking, and information sharing.

To start a web development business, you need strong technical skills like Hypertext Markup Language (HTML) coding, cascading style sheets (CSS), and JavaScript. It would help if you also had a good understanding of how the World Wide Web works.

Web developers are in high demand, with experienced ones making up an average salary of $67,828 and a $3,000 cash bonus per year.

Recent web development trends are moving towards responsive design and mobile-friendly websites. This type of business is growing in popularity as more businesses seek ways to reach their customers through the internet.

How Much Can You Make?
$6,600 — $350,000/month
Average Initial Investment
$90,402
Time To Revenue
360 days
Skills
Business model
Work from home

Case Study

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

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

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

42. 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?
$450 — $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

43. Start a hotels business

If you are considering starting a hotel, then it is time to implement your plan. 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 before 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

How Much Can You Make?
$15,000/month
Average Initial Investment
$250,500
Skills

Case Study

Hi! I am Ezinne Iroanya-Adeoye, founder and CEO of SKNMUSE! SKNMUSE is a premium beauty brand dedicated to elevating the beauty experience for Black Women. We currently make Body-Care products, rich textures of creams and oils that cater to your soul’s vessel with a candle line to serenade your senses. Our cuticle oil is rated to10 by ELLE USA, however, our Devine Body Oil is the true showstopper.

As a new brand, one of our main priorities is building and maintaining a strong community, so customer retention is extremely important for us. We currently have a 40% customer retention rate with a 169% increase in revenue! Last year we made less than $35,000 in total revenue. This year we made $30,000 in our first quarter alone.

i-created-a-120k-year-skincare-brand-for-black-women-recommended-by-beyonce

44. Start an executive coaching business

How Much Can You Make?
$416,666/month
Skills

Case Study

Cameron Herold is a successful entrepreneur and serial founder who launched Coo Alliance, a globally renowned training network, in 2016. The COO training firm provides the skills, methods, and processes you need to develop your organization smarter and quicker.

The platform provides a support group and enables COOs to build better companies, grow their revenue, and develop ideas that will be 100% profitable. Here COOs will get access to a leading community where the peer team is allowing proper tools & guidance to take their businesses to the next level.

Apart from being a renowned business expert Cameron Herold is a best-selling author of books like The Miracle Morning, Free PR, and Meetings Suck among others. He is the driving force behind the exponential expansion of hundreds of enterprises, and his work has indirectly impacted countless more.

At 42 years old, Cameron joined 1-800-GOT-JUNK. As the COO and during the 6.5 years he was with the company, he oversaw a phenomenal growth in sales from $2 million to $106 million. In the last few years, his enterprises received over 5,200 media placements, including attention on Oprah.

The founder received his BA, LAW from Carleton University in 1988. He is a well-known international speaker. He is also a top-rated professor at EO/Entrepreneurial MIT’s Masters Program and a strong and successful speaker at global CEO and COO leadership events.

The platform’s mission is to provide COOs with the same professional development and growth opportunities that CEOs have had for many years.

Key Takeaways

  • Cameron made great connections flying business class.
  • The business makes around $2.5 million ARR and has 7 employees.
  • Rating his team based on results and cultural fit.
  • Sets quarterly and annual goals.
  • Meets employees every quarter to check on goals.

article

45. Start a saas company

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

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

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

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

How Much Can You Make?
$500 — $2,500,000/month
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

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

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

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

46. Print on demand business

Print on demand is a business model that allows you to create, publish and sell books, images, and other creative work to interested customers. It is the easiest way to start your own business as a publisher and make money while you sleep.

Starting a POD (Print-on-Demand) business like a printing company, or a drop shipping website is an attractive option for many people. Sending out a printed product is not something you can do on your own, but you can make money from it.

There are thousands of POD(Print-on-Demand) businesses out there. With the increased popularity over the last few years, it's becoming easier to create and run your own POD(Print-on-Demand) business.

How Much Can You Make?
$200 — $3,000,000/month
Average Initial Investment
$525,000
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

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

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

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

How do I start a group of friends business?

So, you've got an amazing business idea, but you don't want to go it alone. You want to start a group of friends business! But how do you get started? Here are a few things to keep in mind:

First, it's important to have a clear idea of what your business will be and what each person's role will be. Make sure everyone is on the same page from the start.

Next, you'll need to figure out the logistics of starting your business. Who will be responsible for what tasks? How will you divide up the work? How will you handle disagreements? It's important to have a plan for these things from the beginning.

Finally, you'll need to promote your business and get customers. This is where your creativity and marketing skills will come in handy! Get the word out about your business in whatever ways you can, and make sure potential customers know what your business has to offer.

With some careful planning and a lot of hard work, starting a group of friends business can be a great way to turn your shared passion into a successful enterprise!

Pat Walls,  Founder of Starter Story
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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.

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