The 35+ Best Business Ideas To Start In Iceland [2021]

The 35+ Best Business Ideas To Start In Iceland [2021]

Interested in starting a business in Iceland in 2021?

We put together 35 of the best businesses you can start in Iceland today.

For each business idea, we’ll show you real-world examples of how you can start your profitable, home-based small business in Iceland.

Here's the full list:

1. Start a tour company ($21.6K/year)

Mark E. Johnson from Nashville, Tennessee, USA started Hobnail Trekking Co. ago, a tour company.

  • Revenue: $1,800/ month
  • Founders: 2
  • Employees: 1
  • Location: Nashville, Tennessee, USA

In August 2016, I was on a steep downward trajectory in my job as a communications director at a nonprofit as a result of philosophical differences with the organization.

It was very uncomfortable, at best. The day before I was to part ways with the organization, I was having my pickup truck worked on at my mechanic shop and needed a ride to pick it up. Having applied the previous night to a communications job at a ride-sharing company, Lyft, I downloaded the app to my phone and hailed a ride.

The man who picked me up was clearly not from our hometown of Nashville, Tennessee. Although he had a strong indeterminable accent, he spoke fluent English and we had a great conversation on the way to the mechanic. Turns out the man was from Nepal. When I asked him if he knew anything about the Everest Base Camp (EBC) trek — something my wife and I had placed on our Bucket List years ago — he smiled and said, “I am an Everest Region Sherpa. I’ve guided that trip dozens of times. I actually own a small trekking company in Nepal.” We exchanged numbers and quickly set up a meeting for that weekend so my wife could ask him about the trek.

how-we-are-building-a-side-hustle-facilitating-treks-in-the-himalayas

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Mark E. Johnson, on starting Hobnail Trekking Co. ($1,800/month) full story ➜

2. Start a personal training business ($720K/year)

Chris Anderson from Overland Park, Kansas, USA started Live Fit over 10 years ago, a personal training business.

  • Revenue: $60,000/ month
  • Founders: 1
  • Employees: 1
  • Location: Overland Park, Kansas, USA

I started Live Fit because I felt I was running out of options in the industry I loved so much. Personally, I felt the misses in the personal training industry and wanted to change that. Personal Training, as well as all types of fitness, can be very intimidating to most people. And honestly, the people that are most intimidated by fitness are often the people that need it the most. I set out to create a company that provided the same types of exercises, programming, and results as generally all fitness companies, but I wanted to make it a comfortable experience from the moment a potential client stepped through our doors.

All our processes, our studio layout, our team of trainers we have hired, and our entire mission are based on making clients feel comfortable, appreciated, and valued. We do things differently and over the past 10 years, I have seen other companies in our area follow our lead. Long gone are the days of slamming weights, extremely loud music, and uncomfortable gym environments. People want to go where they feel comfortable and respected.

I have always loved sports and started at a young age, with my dad as my coach. I continued athletics through high school and went on to run college track where I based my Bachelor’s and Master’s degrees entirely on building my career in the fitness industry. The last thing I was willing to do was to throw it all away based on a lack of opportunity, so I created my own with Live Fit. I believe in spirituality and the law of attraction and base my life on those principles. So in early 2011 when I couldn’t focus on my spiritual study and spiritual growth because my mind was consumed with running numbers about opening my own company, I knew that was a sign from God it was time to create something great.

how-i-started-a-60k-month-personal-training-company

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Chris Anderson, on starting Live Fit ($60,000/month) full story ➜

3. Start a language learning app ($224K/year)

Alex Chernikov from Berlin, Germany started Gikken ago, a language learning app.

  • Revenue: $18,635/ month
  • Founders: 2
  • Employees: 1
  • Location: Berlin, Germany

Gikken’s foundation was laid in 2011 or so. I don’t remember the exact year but I was in high school. I was amidst my most active English learning years. I was trying to read as many articles, blogs, essays, etc in English as possible. At some point, an idea that it’d be great to double click on words to get them translated right there struck me. It was the early days of Google Chrome that wasn’t the most popular browser yet. And, I think it already could translate pages entirely, but it was totally useless for me because when I can understand 80% of the text, why would I translate it entirely? It’s also terrible for mastering a language. Guessing the meanings of words from the context works better for memorizing new vocabulary. The more effort your brain takes, the stronger neural connections are.

So, physiology aside, I wanted a fast way to translate single words I didn’t understand or double-check sentences. The previous flow involved copying it, switching to a new tab with Google Translate opened there, translating it, and then switching back. Terribly inefficient and annoying when you have to do it 10 times per article, 100 times per day.

By the time I was obsessed with this idea, I could already easily implement anything I wanted on the web. I started coding at 13, so I had already at least 2 or so years of experience with copycatting news portals, trying to build my social network (who didn’t!), and reinventing a few popular JavaScript libraries. It was the early days of not only Google Chrome but also Chrome Web Store—the extension store. I made an extension that I needed for my own needs, called Instant Translate, and uploaded it to the Chrome Web Store. Uncunningly, the timing was perfect for organic growth through the store as Instant Translate happened to be one of the first extensions there. The 15-year-old me knew something only about building apps but absolutely nothing about turning them into a business. Thus, I relied on "organic growth". In other words, routinely checking analytics and praying that it grew. I did nothing more than that for the first few years.

how-we-started-a-18k-month-app-and-browser-extensions-development-business

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Alex Chernikov, on starting Gikken ($18,635/month) full story ➜

4. Start an online language coaching business ($2.88K/year)

Marlena Jorn from Windermere, FL, USA started Marlena Jorn Tutors 9 months ago, a online language coaching business.

  • Revenue: $240/ month
  • Founders: 1
  • Employees: 1
  • Location: Windermere, FL, USA

I have been learning German since I was twelve in 2007. I first went to German-speaking countries two years later, and after stepping off the plane back home in Chicago, I knew that I wanted to devote my life to it. After college, I worked exhausting service jobs. In March, I finally leapt off the edge and applied to teach German on Outschool. I was accepted, and I have been teaching there since with a 4.7/5 rating!

There will be many discouraging moments, many "No"'s. This is completely normal and part of the journey for many entrepreneurs, including myself. Keep pushing yourself, and you will get through the tough times!

With six months of teaching under my belt, I finally felt that it was time to branch out to something of my own. I contacted some people who I knew were interested in learning German, and we began private Zoom lessons. I created my website this October, and Marlena Jorn Tutors was born. I knew this was the right time after being contacted by a family asking me to teach three of them privately. I saw that as my opportunity to finally take that leap.

on-starting-a-private-german-lessons-online-service

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Marlena Jorn, on starting Marlena Jorn Tutors ($240/month) full story ➜

5. Start a seo agency ($240K/year)

Alan Silvestri from Winchester, England, United Kingdom started Growth Gorilla about 3 years ago, a SEO agency.

  • Revenue: $20,000/ month
  • Founders: 1
  • Employees: 4
  • Location: Winchester, England, United Kingdom

I was born and raised in Italy where, since I basically got out of school, I’ve been working as an electrical engineer for 9 years at an industrial automation company. During that time I was also playing in a punk rock band (name is “NeverAlone”, look it up, it’s great) and felt constricted in that job (that I also quite disliked).

The sooner you get started, the sooner you’ll learn from your mistakes (‘cause there will be many of those). Learn from others who have done what you want to do and take massive action.

how-i-started-a-10k-month-seo-link-building-agency

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Alan Silvestri, on starting Growth Gorilla ($20,000/month) full story ➜

6. Start a consulting business ($0/year)

Liz Illg from Phoenix, AZ, USA started Liz Illg over 2 years ago, a consulting business.

  • Revenue: $0/ month
  • Founders: 1
  • Employees: 2
  • Location: Phoenix, AZ, USA

I remember vividly when my idea of business consulting came to me. I was at a networking conference with other business owners and when I stood up to introduce myself to the group, I called myself a systems consultant.

Industries change. Times are constantly changing. Relationships, if built regularly, can last forever!

From that day forward, I created the perfect way to audit an operational system or create one, effectively and efficiently. My systems consultation service is still available to this day and I’ve helped business owners dial in theirs to allow them to grow and transform their teams.

how-building-a-successful-pet-grooming-business-led-to-starting-a-consulting-business-and-boutique-marketing-agency

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Liz Illg, on starting Liz Illg ($0/month) full story ➜

7. Start a virtual assistant business ($12K/year)

Julmar Grace Locsin from Davao City, Davao del Sur, Philippines started FVA Business Consultancy ago, a virtual assistant business.

  • Revenue: $1,000/ month
  • Founders: 2
  • Employees: 14
  • Location: Davao City, Davao del Sur, Philippines

Ten years ago, my husband and I were working in an office set-up. Due to a mix of struggles experienced, my husband and I decided to quit our job and transition into freelancing. The transition phase was difficult since we didn't have the facilities needed like a computer and internet connection. We worked in an internet cafe for the first month of our freelancing career until we bought our personal computer and had our internet connection.

We had experience downtime in our new career at first, but we grow and learn from our mistakes as we go along. Freelancing changed the quality of our lives, our family, and so with our marriage. We embrace these benefits to realize that if mothers can work at home, they can earn while taking care of their family.

Another thing is the overseas workers. They have been working far from their family to make a living. Those who are exhausted and feel unproductive because of many circumstances like long hours of commute eat a lot of their time, endangering their work-life balance. These are a few of our realizations why we come up with putting Filipino Virtual Assistance. Because we know how difficult it is to work far from our family, we want to empower Filipino families, one freelancer at a time. We want to provide our graduates an avenue to earn dollars at their homes' comfort, without the hassle of traffic, toxicity of the environment, and an excellent opportunity for those who never got the chance to go to College.

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Julmar Grace Locsin, on starting FVA Business Consultancy ($1,000/month) full story ➜

8. Start a dog treat business course ($132K/year)

Kristin Larsen from started Diva Dog Bakery 8 months ago, a dog treat business course.

  • Revenue: $11,000/ month
  • Founders: 1
  • Employees: 1
  • Location:

Before Diva Dog Bakery™ was a program, it was my dog treat business.

Not long after graduating college, I was working full-time and trying to work my way up the corporate ladder. On the side, I had started a fun hobby/side hustle baking healthy dog treats, which started simply because I wanted to feed my dog a cute, good-for-her cupcake for her birthday.

I really focused on taking a regular dessert and turning it into a gourmet lookalike dog treat. I created dog-friendly cupcakes, s’mores, and brownies, just to name a few!

how-i-created-a-11k-month-online-course-about-how-to-start-and-grow-a-dog-treat-business

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Kristin Larsen, on starting Diva Dog Bakery ($11,000/month) full story ➜

9. Start a mobile app development business ($984K/year)

Tim Bornholdt from Minneapolis, MN, USA started The Jed Mahonis Group over 9 years ago, a mobile app development business.

  • Revenue: $82,000/ month
  • Founders: 2
  • Employees: 6
  • Location: Minneapolis, MN, USA

Growing up, I’ve always been into technology. I built my first website when I was in first grade, I built my first graphing calculator app when I was in sixth grade, and I used to run the internet’s largest website dedicated to Ralph Wiggum from The Simpsons.

I waited in line for the iPhone the day it launched in 2007, and I was instantly hooked. I knew I had to learn how to build software for this device. Eventually, I learned how to jailbreak my device which allowed me to run custom apps on it (this being before the launch of the App Store).

Even though I had a passion for technology, I never really wanted a career in it. My dream job was to work as a technical director for live television broadcasts, and the only class that was close to that at my school was the capstone course for the Professional Journalism program. I ended up switching my major from Computer Engineering to that and abandoned any dreams of professionally writing software.

how-we-started-a-82k-month-custom-ios-and-android-apps-development-agency

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Tim Bornholdt, on starting The Jed Mahonis Group ($82,000/month) full story ➜

10. Start an online video editing business ($72K/year)

Sabba Keynejad from London, England, United Kingdom started VEED almost 3 years ago, a online video editing business.

  • Revenue: $6,000/ month
  • Founders: 2
  • Employees: 1
  • Location: London, England, United Kingdom

Tim and I met during an online hackathon. During the hackathon participants were encouraged to meetup for real. We actually got on really well, and stayed friends and kept spitballing ideas for a startup for years.

At this time, I was a design student at Central Saint Martins and I had recently won a competition for Sony Music creating an interactive music video for the band Hurts with my friend Virgil. Then soon after graduation, I started working as a creative technologist in London for a bunch of different advertising & branding agencies and a few startups too.

how-we-developed-a-6k-month-online-video-editing-software

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Sabba Keynejad, on starting VEED ($6,000/month) full story ➜

11. Start a photography business ($1.32M/year)

Kyle Nelson from Chico, California, USA started Results Imagery about 4 years ago, a photography business.

  • Revenue: $110,000/ month
  • Founders: 2
  • Employees: 8
  • Location: Chico, California, USA

We both had previous experience in another start-up called Soul id which was a social media platform for action sports. We ran the marketing and media at that company which was a blast. After we left that company, we split directions. Eli got involved in the eCommerce industry by starting a brand called Winterial which he grew to hundreds of SKUs. Kyle headed in the media direction and started a commercial photography company where he worked with Fortune 500 companies and small businesses.

At this time Kyle wanted to be able to get back in the start-up world, grow a large brand and a team of like-minded creatives and innovators. So like any entrepreneur, he jumped on Google and started to search for media companies that were also technology-based companies as well. That is where the inspiration of starting a digital agency that solely focused on the media portion for brands and product companies came to life.

Culture is the centerpiece of a successful company. Creating a place for employees to come to work and enjoy what they do, the environment and who they work with will pay long term dividends.

how-we-started-a-45k-month-product-photography-and-video-company

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Kyle Nelson, on starting Results Imagery ($110,000/month) full story ➜

12. Start a stock photography business ($0/year)

Serban Enache from Brentwood, TN, USA started Free Stock Images over 9 years ago, a stock photography business.

  • Revenue: $0/ month
  • Founders: 3
  • Employees: 25
  • Location: Brentwood, TN, USA

By 2012, stock photography was well established as an accessible and inexpensive visual content resource and Dreamstime was already a thriving Top 3 agency, counting the world’s largest stock photo community. It already featured a small free download library that subscribers were able to access unlimitedly, still available today. As donations grew, we felt these files needed a dedicated home and audience and this is how Stockfreeimages appeared. In the first year, we had around 110,000 customers and 1,5 million images and numbers continued to grow constantly. Its aim was to upgrade budget-oriented customers instead of eroding current revenues.

Not hiring talented people soon enough or hiring the wrong people and having to start all over, avoiding making leaps of faith, and being overcautious are some of the things that may change the course of your business for better or worse.

A large pool of individuals and freelancers were in need of good imagery for personal or start-up projects, at no cost at all if possible. Stockfreeimages came to answer this need for safe content with model released, high-quality photos, and illustrations that they were able to download for free. It also served as the next step in image copyright protection for both contributors and consumers and helped users protect themselves from the costly fines that often result from copyright violations.

how-i-started-a-royalty-free-stock-photo-platform

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Serban Enache, on starting Free Stock Images ($0/month) full story ➜

13. Become a software developer ($4.2M/year)

Max Rice from Remote, Oregon, USA started SkyVerge, Inc. over 8 years ago, a software developer.

  • Revenue: $350,000/ month
  • Founders: 2
  • Employees: 32
  • Location: Remote, Oregon, USA

In 2012 I was working for a small company as an IT Director, and they tasked me with rebuilding their eCommerce website. As I started looking at available platforms, I found an article by Justin comparing WooCommerce to another platform. He seemed really knowledgeable, so I reached out to him to ask some questions and I ended up bringing him on as a consultant for the project.

We worked really well together and the project had a very successful outcome, so we stayed in touch. A couple of months later we had a chance to work together on a joint consulting project, which led to more consulting for companies that needed help with their eCommerce stores.

You rarely get it right the first time. You make decisions based on the best available information, then you learn from the results and iterate.

how-we-started-a-350k-month-business-developing-software-tools-for-ecommerce-brands

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Max Rice, on starting SkyVerge, Inc. ($350,000/month) full story ➜

14. Start a dropshipping business ($144K/year)

Amanda Austin from Erie, Pennsylvania, USA started Little Shop of Miniatures about 4 years ago, a dropshipping business.

  • Revenue: $12,000/ month
  • Founders: 1
  • Employees: 0
  • Location: Erie, Pennsylvania, USA

I was unhappily working in marketing for a Fortune 500 insurance company when I started looking at ways to create a new income stream. I became interested in ecommerce and invested in a course to learn more. I compiled a list of keywords for products that had decent search volume and not terribly competitive to rank for in organic search. I used Long Tail Pro to get ideas--I had so many when I first started!

My business is a small, mostly passive income stream and I’m okay with that. There is so much more I could be doing with my store, but right now I am loving the extra income stream that allows me to work part-time at my day job and spend more time with my infant daughter.

A bunch of keywords in the dollhouse miniatures space fit the bill. I used Long Tail Pro and looked for keywords that were competitive--which on there is a score in the twenties or low thirties. I also wanted them to have at least 2,000 searches per month. This is not a ton, but five keywords with that search volume that are not that competitive can lead to a decent number of organic traffic if you build your site the right way. My advice to aspiring entrepreneurs is to find a niche with a nice handful of keywords you can rank for with quality content and a nice backlinking strategy. Don’t try to be number one for some saturated keyword that has a million searches a month. Go for keywords where you stand a chance of ranking--this is usually so-called long tail keywords that are really phrases--for example, “wooden dollhouse furniture” instead of just “dollhouse.”

how-i-started-a-part-time-dropship-business-on-shopify

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Amanda Austin, on starting Little Shop of Miniatures ($12,000/month) full story ➜

15. Start a niche web design business ($240K/year)

Scott Bishop from Boston, Massachusetts, USA started Up And Social about 7 years ago, a niche web design business.

  • Revenue: $20,000/ month
  • Founders: 1
  • Employees: 1
  • Location: Boston, Massachusetts, USA

I began my business career with the family in-store sampling business, C.A. Courtesy, in the 1990s, while at the same time attending college at Johnson and Wales University, where I pursued a degree in Web Management & Internet Commerce.

I’ve always had a knack for marketing and technology, and when I left C.A. Courtesy, I was the Vice President of Marketing and Technology.

People don’t remember what you say as much as they remember how they felt when you said it.

how-i-started-a-20k-month-web-design-agency

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Scott Bishop, on starting Up And Social ($20,000/month) full story ➜

16. Start an online advertising agency ($300K/year)

Luis Camacho from Phoenix, Arizona, USA started Fantôm Agency over 3 years ago, a online advertising agency.

  • Revenue: $25,000/ month
  • Founders: 1
  • Employees: 1
  • Location: Phoenix, Arizona, USA

When I tell my story I like to get into the details of how I landed where I currently am and where I am going. I was born in Guadalajara, Mexico. I ended up in the United States after my father got a job offer for a marketing position at a semiconductor company, this was when I was only 10 years old. To be honest, the move definitely had an effect on me. When I lived in Mexico I was a fairly outgoing kid and (I believe) the move caused a shift that made me more of an introvert so you could say that was a bit against me, since I didn’t necessarily enjoy being the center of attention or being “noticed” too much for much of my upbringing. I finished high school and went to Arizona State University where I completed my Bachelor’s degree in Marketing alongside a certificate in entrepreneurship.

Right around the time of graduation from high school and the start of college I started a clothing line. I believe I was only 19 at the time and I didn’t have a budget to promote the new clothing line, so I turned to social media as my route to promote and sell the new products. I had to learn everything from Photoshop to constructing a website, content, photography, content distribution, supplier relationships, and many other skills. After seeing success marketing on social media, I quickly found that I was passionate about digital marketing. I then realized that there was a place where I could polish up my digital marketing skills, an agency, which to my surprise were not as concerned with academics as they were with real-world experience.

I went on to work for a marketing agency, after finally finding one was willing to overlook my lack of agency experience and realized that my entrepreneurial spirit and persistence would outweigh the need for the experience all the agencies were looking for. I was hungry. At this agency, I got hired on as a content writer (which I didn’t necessarily enjoy the most, but I knew I had to do it if I wanted to eventually lead the paid advertising department which was my goal). I was able to do just that within a year. I studied the ins and outs of the agency, how it operated, how it dealt with clients, how it made mistakes, and most importantly what helped it scale.

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Luis Camacho, on starting Fantôm Agency ($25,000/month) full story ➜

17. Start a blogging business ($60K/year)

Chhavi Agarwal from New Delhi, Delhi, India started Mrs Daaku Studio almost 3 years ago, a blogging business.

  • Revenue: $5,000/ month
  • Founders: 2
  • Employees: 3
  • Location: New Delhi, Delhi, India

I am a licensed attorney in India and right after my master’s in law, I started working with a leading company as a lawyer. I worked there for about two years before I quit my job to become more location independent.

Choose a niche in whatever you start. It is critical for streamlining your efforts and make money.

My job paid me well but I worked 12 hours a day, I was exhausted by the end of each day, spent my weekends sleeping and I almost quit the things I liked to do - for example, sketching, yoga, traveling, etc.

how-this-couple-makes-5k-month-generating-content-about-ways-to-make-money-online

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Chhavi Agarwal, on starting Mrs Daaku Studio ($5,000/month) full story ➜

18. Start a freelancer platform ($480K/year)

Abby (Abhinav) Verma from New York started SkillSoniq over 4 years ago, a freelancer platform.

  • Revenue: $40,000/ month
  • Founders: 1
  • Employees: 7
  • Location: New York

I have 15 years of professional experience across Investment Banking, Tech Consulting, and Entrepreneurship and have studied in 3 continents in Asia, North America, and Europe from schools like the University of Michigan, Indian School of Business, and the London School of Economics.

I have been an entrepreneur 3 times now and founded my first company at the age of 19 to sell paint jobs to homeowners in Detroit while studying full-time at the University of Michigan’s Ross School of Business. This was my first experience as an entrepreneur and got me hooked to the hustle required to get stuff done. I followed it up with a stint in Investment Banking, which taught me the meaning of perseverance and quality testing when I worked 100+ hours a week on multi-billion dollar Financing and M&A deals.

I came across the idea of starting SkillSoniq when I was working with outsourced talent on a tech project a few years ago, where I was sitting in the United States and working with contractors in the Philippines. That experience was extremely excruciating, as I worked at odd hours to keep up with the time zone differences, had difficulty communicating with the contractors and there was a lot of concern around IP security and trust. That experience put me in major depression and when I started looking for better alternatives to hire talent in the US quickly and at affordable rates, I found that the recruiting space in the US was broken.

how-i-started-a-40k-month-ai-powered-recruiting-app

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Abby (Abhinav) Verma, on starting SkillSoniq ($40,000/month) full story ➜

19. Start an ecommerce platform ($1.2M/year)

Nick and Angelica from Virginia Beach, Virginia, USA started Romans Tide about 6 years ago, a ecommerce platform.

  • Revenue: $100,000/ month
  • Founders: 2
  • Employees: 5
  • Location: Virginia Beach, Virginia, USA

Outsource everything. The classic entrepreneur’s mistake is to try and do everything yourself. When I look back on it I definitely had the funds to outsource more and bootstrap less.

If it wasn't for that struggle I would have never made it to where I am today. I was forced into entrepreneurship because I was not someone people could hire. I always got along with people at interviews and people liked me but I was not hireable due to the mistakes I made in the past surrounding my issues with drugs and alcohol as a teenager.

Embrace the struggle. Good times can make you soft. I appreciate my life now and keep an attitude of gratitude but I never forget where I came from. I never forget not knowing where my next meal would come from or not knowing where I was going to sleep at night. Believe it or not, I have had worse times and been worse places than being homeless but I won't go there here

I got my GED at 16 so I didn’t even finish high school, before starting my business I did take some college classes at a local community college. I wanted to become a Doctor of Naturopathic Medicine and attend Bastyr University.

I loved learning things but always struggled with the long road of school which held no guarantee of success, just a guarantee of debt.

My journey into entrepreneurship started as an early teenager hustling here and there just to put food in my mouth and fuel in the gas tank. My first real business was a landscaping business I started with a friend that didn't work out. We thought it would be a good idea because he had the work and I had the business mindset of growing and scaling. The opportunity was there but we did not collaborate well. Even with my guidance he did not want to change his habits. This led to us butting heads, ending our business, tainting our friendship, and me $20,000 in debt. After that had failed me I came across a program that taught people how to dropship on eBay for $20 a month. I really liked the idea of this as it gave me the opportunity to work from anywhere and be my own boss which are two things I really wanted. After a few months of hard work, things went well and I paid $500 for the selling on Amazon training. I literally had no idea what I was doing when my Amazon business took off. In a sense, Amazon was my crash course in business. It taught me how to hire and manage employees, how to set up payroll, how to outsource, how to do accounting, how to leverage credit and financing, how to market, how to do advertising. It taught me everything I know about business in the harshest way possible lol

how-i-started-a-private-label-small-business-generating-six-figures-a-month

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Nick and Angelica, on starting Romans Tide ($100,000/month) full story ➜

20. Start a seo agency ($240K/year)

Alan Silvestri from Winchester, England, United Kingdom started Growth Gorilla about 3 years ago, a SEO agency.

  • Revenue: $20,000/ month
  • Founders: 1
  • Employees: 4
  • Location: Winchester, England, United Kingdom

I was born and raised in Italy where, since I basically got out of school, I’ve been working as an electrical engineer for 9 years at an industrial automation company. During that time I was also playing in a punk rock band (name is “NeverAlone”, look it up, it’s great) and felt constricted in that job (that I also quite disliked).

The sooner you get started, the sooner you’ll learn from your mistakes (‘cause there will be many of those). Learn from others who have done what you want to do and take massive action.

how-i-started-a-10k-month-seo-link-building-agency

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Alan Silvestri, on starting Growth Gorilla ($20,000/month) full story ➜

21. Start an affiliate marketing business ($6M/year)

Jan Kovac from Bratislava started Casino Guru about 6 years ago, a affiliate marketing business.

  • Revenue: $500,000/ month
  • Founders: 2
  • Employees: 54
  • Location: Bratislava

Our product is a website. The process of designing and developing it was very similar to designing and developing any website or an information system. As both I and the other main founder were software developers, this part was pretty straightforward for us. However, we still did some things pretty right and some things pretty wrong.

The funny part about any SEO-based business is that you can’t really make decent planning. Do you plan to improve some parts of your website and grow? Well, good luck with that, almighty G can have completely different plans for you.

What we made right was a decision to create a system that models all the relations and information about online casinos as structured data. As an example: almost every online casino has a list of countries from which it doesn’t allow residents to play. To capture this information we have created a database table casino_restricted_country and fill it with 1 record for every casino and every country that is on its restricted list.

how-i-started-a-500k-month-website-about-online-casinos

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Jan Kovac, on starting Casino Guru ($500,000/month) full story ➜

22. Start a podcasting business ($204K/year)

Tom Hunt from London started Fame over 1 year ago, a podcasting business.

  • Revenue: $17,000/ month
  • Founders: 1
  • Employees: 3
  • Location: London

This whole thing started when I was working as head of marketing at a B2B SaaS business. We started a podcast.

The podcast was focused on the sales operations resource, and was called Sales Ops Demystified. We interviewed sales ops people.

It started to go pretty well, we got social shares, SEO value and even had some sales calls with our guests (we sold sales software). Sales Ops Demystified is now the most downloaded podcast in the world of sales ops.

how-i-started-a-17k-month-podcast-growth-service

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Tom Hunt, on starting Fame ($17,000/month) full story ➜

23. Start a life coaching business ($120K/year)

Sinem Günel from Vienna, Austria started Personal Growth Base over 1 year ago, a life coaching business.

  • Revenue: $10,000/ month
  • Founders: 2
  • Employees: 0
  • Location: Vienna, Austria

One and a half years after starting my studies in business administration I came into touch with entrepreneurship and I immediately knew that I wanted to dig deeper into how to build your own business and be your own boss.

So I started reading books, especially biographies, of successful entrepreneurs.

Pretty soon I found out there’s one major component all of them have in common: They all talk about their personal growth and how they had to improve themselves so that their businesses could grow.

This immediately triggered me and I started digging deeper into the topic of personal growth.

how-i-started-a-10k-month-personal-growth-advice-business

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Sinem Günel, on starting Personal Growth Base ($10,000/month) full story ➜

24. Start a chatbot content writing business

Examples of a successful chatbot content writing business:

Here are some great videos on how to get started with a chatbot content writing business:

Learn more about starting a chatbot content writing business ➜

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25. Start a social media management business

Examples of a successful social media management business:

For further info, check out these books and products:

Learn more about starting a social media management business ➜

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26. Start an e-book writing business

Examples of a successful e-book writing business:

Here are some great videos on how to get started with a e-book writing business:

For further info, check out these books and products:

Learn more about starting an e-book writing business ➜

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27. Start a webinar hosting business

Examples of a successful webinar hosting business:

Here are some great videos on how to get started with a webinar hosting business:

For further info, check out these books and products:

Learn more about starting a webinar hosting business ➜

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28. Start a music lessons business ($240K/year)

Examples of a successful music lessons business:

Here are some great videos on how to get started with a music lessons business:

For further info, check out these books and products:

Learn more about starting a music lessons business ➜

And for some real world inspiration, give Brooke Schrager's story on creating Lessons By Brooke & Company a read:

Hello! My name is Brooke Schrager and I am the founder and studio manager of Lessons By Brooke & Company. We provide customized, in-home, private music lessons to students of all interests, ages, and ability levels.

Today, in May of 2021, we have 17 instructors and teach over 200 students each week across the suburbs and city of Chicago. Our monthly revenue currently sits around $20,000/month - beyond anything I could have ever anticipated when I began in 2015.

We have also been able to expand our offerings to include lessons in arranging, bass, brass, composition, guitar, piano, sound engineering, viola, violin, and voice. I could not be more proud of and grateful for my team and our community of incredible students and families.

how-i-started-a-20k-month-private-music-lessons-business

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Brooke Schrager, on starting Lessons By Brooke & Company ($20,000/month) full story ➜

29. Become a domain reseller

Examples of a successful domain reseller:

Here are some great videos on how to get started with a domain reseller:

For further info, check out these books and products:

Learn more about starting a domain reseller ➜

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30. Start a YouTube channel

Examples of a successful YouTube channel:

Here are some great videos on how to get started with a YouTube channel:

For further info, check out these books and products:

Learn more about starting a YouTube channel ➜

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31. Start a live workshop instruction business

Examples of a successful live workshop instruction business:

Here are some great videos on how to get started with a live workshop instruction business:

Learn more about starting a live workshop instruction business ➜

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32. Start an email marketing business

Examples of a successful email marketing business:

Here are some great videos on how to get started with a email marketing business:

For further info, check out these books and products:

Learn more about starting an email marketing business ➜

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33. Start an online art prints business

Examples of a successful online art prints business:

For further info, check out these books and products:

Learn more about starting an online art prints business ➜

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34. Start a voice over service buisness ($480K/year)

Examples of a successful voice over service buisness:

Here are some great videos on how to get started with a voice over service buisness:

For further info, check out these books and products:

Learn more about starting a voice over service buisness ➜

And for some real world inspiration, give Mony Raanan's story on creating Voice Crafters a read:

Hi, my name is Mony Raanan, and I’m the founder of Voice Crafters, a multilingual voice-over agency and marketplace.

Voice Crafters operated as an agency until early 2020, at which point we launched our online marketplace. This move essentially helped double our revenue and we’re on track to making at least $500,000 in 2021 with a bottom line of around 40%.

how-i-started-a-40k-month-multilingual-voice-over-agency-and-marketplace

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Mony Raanan, on starting Voice Crafters ($40,000/month) full story ➜

35. Start a social influencing business

Examples of a successful social influencing business:

Here are some great videos on how to get started with a social influencing business:

For further info, check out these books and products:

Learn more about starting a social influencing business ➜

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Pat Walls,  Founder of Starter Story

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