70 Low Risk Business Ideas You Can Start Today [2024]
Interested in starting a low risk business in 2024?
We put together 70 of the best low risk businesses you can start in today.
For each business idea, we’ll show you real-world examples of other low risk businesses to help you see what it really takes.
Here's the full list:
1. Start a catering business
A catering business is responsible for providing food & beverage-related services for vast types of events.
Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing and can even work 24/7. They can cater anywhere and offer any price point that they want.
However, starting a catering business requires a lot of planning.
To start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more.
In addition, catering allows you to meet more people and show off your cooking skills.
How much you can make: $3,750 — $48,333/month
How much does it cost to start: $500 (?)
How long does it take to build: 90 days (?)
Elegante Catering founder, Nestor Nidome, details his journey from failed DJ business to a $20k/month catering company, emphasizing the importance of online marketing and customer feedback as key contributors to his success.
2. Start a vacation rentals business
Vacation rentals host travelers for a short period. Often located in top vacation destinations, vacation rentals feature spacious rooms and a cozy lifestyle and are cheaper than booking a hotel.
Building or buying a vacation rental is a smart way of creating a passive income without much involvement in the business.
To make money through the vacation rental business, ensure a strategic location, often nearby attractions. Choose an area that is easily accessible and desirable all year round and create a beautiful space for your guests.
Stand out by optimizing the vacation rental listing online and featuring all available amenities.
How much you can make: $12,500 — $295,000/month
How long does it take to build: 280 days (?)
This case study explores how a couple turned their childhood homes into vacation rentals, welcoming around 3k guests annually and generating an average revenue of $50k per year and property by focusing on a strong online presence and organic traffic.
3. Start a food delivery business
In today’s busy lifestyles and schedules, cooking is no longer a priority to many. People like to order-in food from their nearest restaurants or food joints and enjoy a meal in the comfort of their homes.
The food delivery business is like a courier service through which restaurants deliver food to their customers.
You can offer retail food delivery services to restaurants within your locality if you have a truck. Customers order through a restaurant or grocer’s website, and the owners contact you to deliver.
How much you can make: $4,000 — $83,333,333/month
How much does it cost to start: $2,750 (?)
How long does it take to build: 90 days (?)
Food Fleet grew over 160% in just one year and managed over 20 million in sales for its clients, securing multiple contracts with the likes of Sodexo, Levy Restaurants and more, due to its understanding of catering client needs and its advanced turnkey and design services.
4. Start a life coaching business
Life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.
Life coaching is a popular industry worth over $2.85 billion, and the number of life coaches has increased by 33% between 2015-2019.
This is a very profitable business and can be started at virtually no cost. You’ll need a computer, a high-speed Internet connection, and a LinkedIn account to start. Then, you can begin coaching part-time in your spare time until you build up your clientele.
How much you can make: $100 — $660,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
5. Start an educational technology product
How much you can make: $5,000 — $120,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 67 days (?)
UpBrainery Technologies, founded by Ghazal Qureshi, revolutionizes STEAM education by providing hands-on learning experiences in the form of education kits, virtual tutoring, and online curriculum, while also offering their services to organizations such as the Girl Scouts, Girls Inc., and the Houston Rockets.
6. Start a landscaping business
A landscaping business is engaged in maintaining lawns and gardens, trimming trees and shrubs, and providing landscape maintenance and beautification services. Landscaping costs vary depending on the size and location.
For small jobs such as taking care of the lawn and trees, the cost can vary from $50 to $100 per hour. The average wage of a landscape designer is $70,000 to $90,000, and a landscape architect makes around $50,000 to $100,000 per year. For basic maintenance and mowing services, a single person who runs a landscaping business can get started with as little as $5,000 or less. However, a proper landscaping business will require a large investment. The average start-up cost is between $15,000 to $20,000.
Once the type of service is decided, the list of tools and equipment can be purchased. The best way to succeed in a landscaping business is to provide quality service. This will not only retain existing clients but also promote and attract new customers.
How much you can make: $375,000/month
How much does it cost to start: $8,000 (?)
How long does it take to build: 60 days (?)
GreenPal has bootstrapped their business to over $30 million a year in revenue, after securing an unsecured line of credit for $85,000, and have built the operating system and platform for small lawncare companies to run their entire business through, becoming live in all 50 US states and having 1.2 million homeowners using the platform.
7. Start a web development business
A web development business is a company that builds and takes care of websites. They typically use coding and design skills to create online spaces that meet the needs of individuals or businesses.
These businesses help ensure websites work well and look good, playing a key role in the online presence of their clients.
How much you can make: $6,600 — $350,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 75 days (?)
Vuetify is a popular open-source user interface library, built with the Vue.js framework, that generates revenue through digital content and services such as paid digital content in the Vuetify store, direct support through consulting, ad revenue from Carbon ads on the documentation pages, and donations/sponsorships via GitHub and Patreon, generating an average income of $6,500 per month.
8. Start a podcast
The podcast business involves creating and producing audio content that people can listen to online.
It’s a popular form of entertainment and information-sharing.
To start a podcast business on a budget, you'll need a few key steps.
First, choose a niche or topic that you're passionate about and that has an audience.
Next, get basic recording equipment like a microphone and headphones.
Then, find a free or affordable hosting platform to publish your episodes.
Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $3,055 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
9. Become a freelance app developer
A freelance app developer is a programmer who creates mobile apps for Android and iOS devices. Freelance app development business targets creating various apps that give a user-friendly experience.
To become a freelance app developer, first, touch up on your skills. There are several courses available online. Once you obtain the certification, choose your niche and focus on your skill set.
Then the best way to showcase your work is to build a portfolio website where you will display your skills, projects, and testimonials. Another way to promote yourself is to create your brand and blog. This will, in turn, build a network, and you will be able to connect with people and attract more clients.
How much you can make: $10,000 — $91,000/month
How much does it cost to start: $350 (?)
How long does it take to build: 60 days (?)
A software agency started by a non-technical founder helps diverse clients with their minimum lovable product, boasting a revenue of over $700,000 this year with a 20% profit margin and a team of 8.
10. Start a career coaching business
A career coaching business involves providing personalized guidance, support, and strategy services to help clients navigate professional transitions and growth opportunities.
As a career coach, you design custom sessions to assist with resume building, interview prep, and workplace advancement goals tailored to each client’s aspirations.
With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through specialized advice and accountability.
Launching a coaching practice can be a great opportunity for those with speaking talents and human resources expertise to monetize their natural motivational abilities while setting their own schedule.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 75 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
11. Start a dropshipping business
Dropshipping is a business model where you sell products to customers without holding inventory.
Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.
To start a dropshipping business on a budget, choose a niche or category of products you want to sell.
Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.
Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $6,000 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 10 hours/week
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
12. Create a meal planner app
Meal planners are used by millions of people around the world to stay organized, create meals, and even lose weight.
The weight loss services industry is currently valued at $22B and growing.
13. Start a content writing company
Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.
Becoming a content writer allows you to work as your boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.
Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.
To start a content writing company, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline operations.
How much you can make: $1,000 — $250,000/month
How much does it cost to start: $550 (?)
How long does it take to build: 30 days (?)
Scribly.io, a subscription-based copywriting service providing high quality content that helps businesses scale at roughly 50% of the cost of hiring in-house, created by Dani, a first-time entrepreneur who started with just a few hundred dollars worth of projects and with the help of three other writers; as of last month, Scribly.io topped $14K monthly revenue.
14. Start an online course sales business
Do you know you can make money selling what you are passionate about? People are making money creating courses and selling them online. Common online courses include music, cooking, coding, web design, dropshipping, etc.
Thus, you can turn it into a passive income by launching online classes if you have a skill. All you need is to choose a target audience, create the online course and choose an online learning platform where you can sell the course.
The e-learning market is expected to be worth over $645 Billion in the next few years.
How much you can make: $100 — $1,666,666/month
How long does it take to build: 190 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
15. Start a video production company
A video production company (VPC) also known as a video production agency or film production company, creates videos for clients to use in their marketing strategies. These videos can be commercials, online ads, product showcases, corporate videos, and employee training videos.
How much you can make: $10,000 — $1,500,000/month
How much does it cost to start: $6,000 (?)
How long does it take to build: 100 days (?)
Lemonlight CEO, Hope Horner, co-founded an on-demand video production company that has produced over 7,000 videos for more than 3,000 brands, generating over $6 million in sales and growing to a 45-person team, all without taking any outside capital and being recognized in Inc 5000 and Entrepreneur 360 for three years in a row.
16. 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 you can make: $800 — $4,500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
17. Start an affiliate marketing business
Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.
To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.
How much you can make: $500 — $773,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
18. Become an online dating consultant
An online dating consultant is a person who provides advice to people in the world of Internet dating. An online dating consultant can help you direct your profile, help you write your first message to an online match, and help you make a great impression on your date.
Online dating can potentially be one of the world’s most remarkable customer service industries.
How much you can make: $5,200 — $11,250,000/month
How long does it take to build: 45 days (?)
The Match Artist helps singles take amazing photos for their online dating profiles through a 3-hour executive shoot, coaching, and email course, pioneering a new genre of photography, with an average monthly revenue of $5,000-$6,000 and a plan to double down on paid ad campaigns in the future.
19. Build an iPhone app
The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.
The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.
The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.
It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.
How much you can make: $150 — $2,000,000/month
How much does it cost to start: $6,500 (?)
How long does it take to build: 180 days (?)
Time commitment per week: Min. 5 hours/week
Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.
20. Start a career coaching business
A career coaching business involves providing personalized guidance, support, and strategy services to help clients navigate professional transitions and growth opportunities.
As a career coach, you design custom sessions to assist with resume building, interview prep, and workplace advancement goals tailored to each client’s aspirations.
With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through specialized advice and accountability.
Launching a coaching practice can be a great opportunity for those with speaking talents and human resources expertise to monetize their natural motivational abilities while setting their own schedule.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 75 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
21. Start a dog walking business
Are you a dog lover? If so, you can turn your passion for animals into a profitable side hustle that allows you to earn extra income for your mortgage, a vacation, or paying off student loans.
As a dog walker, sitter, or boarder, you can earn an average annual income of between $10,000 and $30,000 by offering your services to dog owners in need of a caregiver for their furry friends.
To get started, register on a credible dog-walking app and create a compelling profile that showcases your experience, skills, and love for dogs.
With your dedication and expertise, you can help dog owners ensure their pets receive the care and attention they need while building a thriving business that fulfills your passion for animals.
How much you can make: $15,000 — $54,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
Furry Fellas Pet Service LLC is a successful pet sitting and dog walking business that brings in over half a million dollars in sales per year, boasts 3,500-4,000 social media followers, employs 42 individuals and has been voted in the top 3 pet sitting/dog walking companies in the RI/MA area for eight years in a row.
22. Start a freelance writing business
Freelance writing can be a good career choice if you are looking for a flexible online job.
Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,
To earn good money as a freelance writer, you need the following personal qualities:
- Strong writing skills
- Ability to meet deadlines
- Stay on the cutting edge
- Be a self-starter
- Be up-to-date with the current writing tools & writing trends
- Proper communication skills
How much you can make: $700 — $320,000/month
How much does it cost to start: $300 (?)
How long does it take to build: 30 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
23. Start a tutoring business
Starting a tutoring side hustle is a great way for teachers and students to earn extra monthly income.
If you are considering becoming a tutor, find an ideal tutoring niche, and craft a tutoring website.
Then, find your tutoring clients and market your side hustle online. You can choose to offer online tutoring as a part-time or full-time engagement.
How much you can make: $1,000 — $375,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 15 days (?)
Time commitment per week: Min. 5 hours/week
A 22-year-old entrepreneur started an online SAT/ACT tutoring company from his bedroom which has seen a linear increase in student sign-ups each month, currently bringing in an average revenue of $15,000 a month and plans to triple in 2020.
24. Start a career coaching business
A career coaching business involves providing personalized guidance, support, and strategy services to help clients navigate professional transitions and growth opportunities.
As a career coach, you design custom sessions to assist with resume building, interview prep, and workplace advancement goals tailored to each client’s aspirations.
With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through specialized advice and accountability.
Launching a coaching practice can be a great opportunity for those with speaking talents and human resources expertise to monetize their natural motivational abilities while setting their own schedule.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 75 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
25. Start an airbnb management company
An Airbnb management company manages every aspect on behalf of an owner and manages a complete day-to-day running of a rental property.
The services offered by the Airbnb management company include: marketing a property, optimizing financing, meeting and greeting guests, repairs, maintenance, and cleaning.
An Airbnb management company fee structure is generally based on commission, flat rate, and guaranteed income.
Airbnb management companies can easily increase the Rental Income by a minimum of 30% to 50% without compromising guest experiences.
To become an Airbnb property manager, one should be able to find homeowners who will be interested in the services offered by you. Airbnb property managers can make an average annual salary of $55,000 or $27 per hour.
How much you can make: $1,333 — $270,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 30 days (?)
HostButlers is Ireland's first professional property concierge service for short-term rentals on Airbnb, boasting over 200,000 hosted guests and profitability from month 5.
26. Start a cleaning service
A housecleaning side business is a beautiful idea for people with free time on weekends or even weekdays. The side hustle idea requires little capital to start. During the launch, you can choose to offer the service to your neighbors and scale as you gain experience. The average salary for a house cleaner is $17.32 per hour.
By starting a house cleaning business, you are tapping into an enormous market with plenty of clientele. There could always be demand for your cleaning service, which keeps you in business as you help homeowners keep their homes spotless.
How much you can make: $3,000 — $600,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 80 days (?)
Time commitment per week: Min. 7 hours/week
MaidThis®, launched by Neel Parekh in Los Angeles with just one cleaner in 2013, has achieved over $10 million in total revenue by focusing on cleaning Airbnbs and vacation rentals, thanks to its successful remote business model and new-age marketing tactics, and has now launched MaidThis Franchise to expand the business further.
27. Start a consulting business
Consulting businesses are booming, more so than ever before, and seeing year-over-year growth. With an accumulated value of about $250B, the global consulting industry is one of the biggest markets within the professional services sector.
If you want to start your own consulting business with valuable insights from industry experts, reading about their entrepreneurial journey will help you decide how you should go about it.
How much you can make: $100 — $2,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.
28. Start a mobile photography business
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 you can make: $2,000 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 200 days (?)
Photobooth Supply Co. offers a profitable business opportunity through their sleek and portable photo booths, with up to 97% satisfaction rate and a focus on customer experience, in a fast-growing event industry where photo booths are exploding.
29. Become a mobile personal trainer
Do you love helping people through their fitness journey? If you want a great side hustle to earn extra income, consider becoming a personal trainer.
The fitness trainer side hustle can be an adamant industry to earn good money. However, once you develop a reputation as a good trainer, you can get more clients through referrals. You need to register for the certification course to start offering personal trainer services .
To attract your first clients, consider online advertising, and seek referrals from every customer.
How much you can make: $600 — $8,333,333/month
How long does it take to build: 532 days (?)
Time commitment per week: Min. 4 hours/week
Live Fit, a personal training company founded in 2011, grew from earning $80,000 in their first year with two trainers to earning over $760,000 in 2019 with 12 trainers and two locations, thanks to a focus on building trusting relationships and providing a variety of services to clients.
30. Start a party planning business
Party planning involves budgeting, establishing party timelines, selecting and reserving ideal party sites, acquiring permits, theme décor, and coordinating party catering and transportation.
Are you organized, creative, and client-focused? You can put those skills into starting a successful party planning business. To become a party planner, you must desire to help other people enjoy themselves. Besides, you need diplomacy, salesmanship, and multitasking skills.
How much you can make: $25,000 — $400,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 6 hours/week
Akshay Patel's event rental and decor business, Simply Decor, Tents, and Events, saw an average ticket price of $2,000, as their advertising budget decreased from $20k to $5k, leading to 40% of their clients coming through social media advertising, 30% from expos, and 30% online in google, yahoo, and other platforms.
31. 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 you can make: $27,000 — $150,000/month
How long does it take to build: 560 days (?)
Founder of RinseKit shares how he designed a portable pressurized shower that generates over $1.5M in sales per year and achieved great success with Kickstarter and appearing on Shark Tank, while providing advice on designing, prototyping, and manufacturing your first product.
32. Become a hair youtube channel
The hair youtube channel idea is a business idea that involves creating and running a youtube channel focused on hair care and styling. The content can include tutorials, product reviews, hair care tips, and anything related to hair.
To start this business, you will need a few things. First and foremost, you will need a youtube channel and an account on youtube. You will also need a camera and microphone to record your videos and a computer to edit and upload them. It may also be helpful to have some hair styling tools and products on hand to demonstrate in your videos.
To operate the channel, you will need to develop ideas for videos and create a content schedule. You will also need to regularly upload new videos to keep your audience engaged. It may also be helpful to interact with your audience through the comments section and social media to build a community and gain more subscribers.
Overall, running a hair youtube channel can be a fun and rewarding way to share your hair care and styling knowledge with others and potentially even make some money through ads and sponsorships. Best of luck with your new business!
33. Start a vegan baby food business
The overall baby food sector is growing rapidly. One of the factors influencing this growth is the infant nutrition industry is rising demand for vegan and organic baby food. Besides, the global infant population has been rising sharply, a trend that has promoted plant-based baby food products.
Therefore, starting a vegan baby food business could be a profitable venture.
34. Become a social media tutor
Starting a social media tutoring business is a great opportunity for anyone with a passion for social media and a desire to help others learn how to effectively use it for their personal or business endeavors. As a social media tutor, you would teach individuals or groups how to effectively use various social media platforms such as Facebook, Instagram, Twitter, and LinkedIn.
To start a successful social media tutor business, you must thoroughly understand social media marketing and effectively communicate your knowledge to others. You should also be familiar with the various social media platforms and be able to demonstrate how to use them to your clients. In addition, you should have excellent interpersonal skills and build strong relationships with your clients.
To start your social media tutoring business, you must create a business plan, establish a website, and market your services to potential clients. You may also consider offering group classes or one-on-one coaching sessions. It’s important to continuously educate yourself on the latest trends and updates in the social media industry to provide the best possible service to your clients.
Running a social media tutor business can be a rewarding and fulfilling career for those who love social media and want to help others succeed. You can turn your passion for social media into a successful business with a little hard work and dedication.
How much you can make: $1,700/month
This case study is about founders who own a furniture business and run a YouTube channel with over 70k subscribers, sharing woodworking tutorials and business tips while also offering paid programs and private coaching sessions to people interested in building a career in woodworking.
35. Start a funeral service
For many, death is one of the most challenging life events. For that reason, starting a funeral business may sound awkward and unconventional. However, if you think about it, death is a “natural” and essential part of life. Therefore, starting a funeral business can be a profitable business idea. A funeral service provides the following services:
- Burial services
- Cremation services
- Repatriation services
- Memorial services
- Pet cremation
- Exhumation Services
If you are starting a funeral service, you may choose some or all of the above services.
36. Become a vegan cookbook author
37. Become a crypto accountant
As cryptocurrencies become more common for transactions and investments, there is a need for accounting professionals with knowledge of how cryptos work.
To become a crypto accountant, you need to understand how cryptocurrencies work and how the classification of these digital assets under the generally accepted accounting principles.
The rise of cryptocurrencies brings a new layer of complexity to accounting. Navigating the new frontier and ensuring tax compliance and proper crypto accounting can prove challenging.
The best way to start learning more about cryptocurrency accounting is to read articles that are published on the topic, like this one. They will cover everything from how to account for cryptocurrency mining operations to how to account for a fork in the blockchain.
38. Become a personal chef
If you’re looking for a career that allows you to work within your own schedule, look no further. Becoming a personal chef means setting your own hours, planning your own schedule, and taking on as much or as little work as you want.
Not everyone has the time to prepare meals for themselves. If you love cooking, you can start a personal chef business in your area and earn a good income from the side gig. The side hustle can fit into your schedule easily, and you can offer delivery and pick-up or curbside options to ensure more people are buying your services.
Personal chefs can work at various locations, including their client’s homes or restaurant kitchens. They may have regular clients who call on them to prepare meals for them weekly, or they may get called in to prepare meals for special occasions such as birthdays, anniversaries, and holidays.
How much you can make: $5,000/month
How much does it cost to start: $50 (?)
How long does it take to build: 360 days (?)
Time commitment per week: Min. 15 hours/week
Chef David Buchanan generates over $6,000 per month through his website Chefs-Resources.com, which provides professional chefs with free and paid access to detailed culinary information and kitchen management resources such as Excel sheets, resulting in gross revenue of $46,000 to date and a subscriber growth rate of over 1300% from 2015 to September 2021.
39. Start an IT support business
Do you enjoy fixing technology problems and believe that you can fix others? If your answer to this question is yes, you might be an ideal candidate for developing an IT support business.
An IT support business is the work that the computer specialists in an organization do to assist their customers and establishments. The IT support expert groups are responsible for setting up and maintaining some crucial information systems and networks.
Starting an IT support business can be challenging, but it can potentially pay off better than your 9 to 5 job. IT support business can be a lucrative way to make money, and the demand is increasing rapidly.
How much you can make: $200 — $1,399,996/month
How much does it cost to start: $100 (?)
How long does it take to build: 100 days (?)
This case study follows the founder of SupportNinja, a company that specializes in providing back-office and customer support outsourcing for tech companies, which generates over $9M ARR, has over 100 clients, and has seen a growth rate of 3,684% in the past 3 years.
40. Start a personal shopper business
A personal shopper business is a service that helps individuals find and purchase the perfect clothing, accessories, and other personal items for their specific needs and style. As a personal shopper, you will work with your clients to understand their preferences and budget and then use your expertise and resources to curate a selection of items for them to choose from.
To start a personal shopper business, you must have a strong sense of fashion, an eye for style, and excellent communication and customer service skills. It will help if you are organized and efficient, as you must manage multiple clients and their requests simultaneously.
To begin your business, you must establish your target market and determine your pricing structure. You will also need to create a website or online platform to showcase your services and portfolio. Consider building relationships with retailers and designers to access the best products for your clients.
To start a personal shopper business, you will need to:
- Determine your target market and pricing structure.
- Create a website or online platform to showcase your services and portfolio.
- Build relationships with retailers and designers to access the best products for your clients.
- Develop a marketing plan to attract and retain clients.
- Establish a system for managing client requests and communication.
41. Start a legal consulting business
Starting a legal consulting business, whether for small or large businesses, startups and entrepreneurs, or even individuals, is a rewarding career. It involves significant writing work to establish the business and deal with clients. Make sure to build an online presence, as it will help you get clients by leveraging your reputation by writing high-quality content.
Legal consultants market their legal expertise to corporations, institutions, governments, and individuals. According to experts, the legal industry is witnessing a growth phase that may not slow anytime soon. If you are a registered advocate, you can start your legal services firm.
How much you can make: $15,000 — $250,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 105 days (?)
This case study follows the growth from scratch of a Personal Injury and Criminal Defense law firm that started from direct mail campaigns and has now expanded into a multi-million dollar-a-year business with the goal of becoming an 8 figure firm, while maintaining a customer-centric approach and fostering a culture of innovation and excellence.
42. Start a child care business
Starting a childcare business is a great way to build a steady income. You will have the opportunity to be your boss and set your hours even from home. You will have the satisfaction of building one-on-one relationships with children and watching them grow over the years.
A childcare business is an excellent idea. It is both a personal and economical investment for its owners. This is especially true if you are considering starting your non-profit organization or becoming licensed to provide child care. Running a childcare business allows you to help children develop while also making money. As with any business endeavor, running a childcare business has its ups and downs, but it can be very rewarding.
How long does it take to build: 60 days (?)
43. Start a storage rental business
Are you planning to start a passive income business? Storage unit business is an excellent choice for passive income.
Storage spaces offer a solution for people and businesses with too many things but lack enough space to store the items. Besides, the demand for storage space has increased and is expected to reach over $64 billion in the next few years.
Therefore, if you have some idle land, you can construct storage spaces for rental, ideal for industrial, commercial, and residential clients. If starting a storage business, remember location is a critical factor, and do market research to find out the market rates.
44. Start a house sitting business
House sitters take care of customers' homes while they are away for extended periods. You may be able to offer house sitting to people with multiple properties for short-term or long-term, depending on how much time you have.
Starting a house-sitting business does not require a huge amount of capital. You can create a website or a social media page and advertise your services. Your typical duties as a house-sitting agent will include the following:
- Feeding pets, cleaning cages and grooming them
- General housework and cleaning
- Maintaining gardens and hedges
- Taking in the post, newspapers, and junk mail
- Watering houseplants
You can attract new customers by printing a few business flyers and targeting wealthy housing estates or apartments in the city.
45. Start an office equipment rental
Purchasing office furniture, PABX pr IP telephones, photocopy machines, laptops, and conference room equipment will break the bank, especially for new startups. Renting office equipment has become more cost-effective for startups and businesses expanding to new locations.
Therefore, if you are planning to start a rental business but are unsure, consider office equipment rental. Business projects, conventions, Trade shows, business conferences, and corporate events require rental office equipment.
How much you can make: $15,000/month
How long does it take to build: 1095 days (?)
Founder Alan Crowe launched Room2work, a niche coworking space for small businesses in 2020, generating $14K a month with plans to reach $100K in gross profit, by combining the coworking model with the self-storage model to offer a flexible office space optimized for local SEO, virtual offices, and meeting rooms designed for virtual teams.
46. Start a vr content creation business
Virtual reality content creation has grown continually, and experts expect the market will register a CAGR of 76.5% in few years.
The VR content creation market is driven by augmenting demand for VR content in different sectors to offer exquisite customer experience marketing strategies across diverse industries. VR content creation involves the development of sketches, pre-production activities, shooting, and post-production. Businesses use VR content to improve the overall consumer experience. Therefore, they hire content creators to help them meet the demand for VR content.
VR content creators use a VR authoring tool to combine visual elements like 3D objects with programmed scripts that tell the VR headset and controllers what to do when users interact in the virtual environment.
The VR content creation market will continue gaining traction as the adoption of immersive and 360 degrees videos increase in the retail sector.
How much you can make: $800/month
A non-profit community of female adventurers in the UK called Love Her Wild, founded by Bex Band, has grown to over 30,000 collective members and offers opportunities, funding, and guidance to women experiencing their first-time mountain hikes or going on their first overseas expeditions.
47. Start a copywriting business
A copywriter creates clear, compelling copy to sell products and/or educate and engage consumers.
To become a copywriter, focus on covering the basics, plan your copywriting business and choose the services you intend to offer.
To develop your brand, establish a marketing strategy, and offer quality services to your audience. Email marketing, newsletters, and other digital marketing tools can help you create a successful copywriting business.
How much you can make: $700 — $160,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 41 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
48. Start an errand service
Errand services help people and businesses who have daily errands to run but need an extra hand. So, they seek professional help who can do their chores on time with utmost efficiency.
You can provide various services as an errand business, including grocery shopping, picking up + sorting through mail, going to the bank, and much more.
Starting an errand business is relatively easy. Consider offering package deals as a way of getting and retaining customers. Most errand businesses charge per hour, and you may charge per mileage if the task involves driving.
49. Become a music reviewer
50. Start a software training business
51. Start an etsy shop
Etsy has been around for over a decade, and the platform has become more popular for creators, entrepreneurs, and consumers.
The platform started as a place for crafters to sell their supplies and handmade goods. Now it has become a venue for artists and small businesses of all kinds to sell their products.
If you just started your shop or want to sell your products on Etsy, there are many different ways to kill on the platform. With the tips and advice of Etsy sellers who’ve been in your position, you’ll soon be successful!
How much you can make: $100 — $750,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 30 days (?)
Chasing Planner Peace is a planner company that has expanded from selling planner inserts on Etsy, to offering a one-stop shop customizable planner experience with over 300 inserts, a planner line, and various other related products, gaining a monthly revenue of around $25,000 at its busiest time of year.
52. Start a sustainability consulting business
How much you can make: $35,000/month
How long does it take to build: 65 days (?)
Sustain Academy is an online sustainability academy that offers a 10-week LIVE online sustainability course followed by 1:1 mentorship, taught by the world’s best field experts; so far, more than 100 companies from over 10 different countries have trained their employees with them.
53. Start an online course creation business
Starting an online course could be perfect if you want a passive income. Whatever your background, you could start teaching online and earn a passive income.
All you need to start an online course is patience, imagination, and an enabling eLearning platform where you can connect with the relevant audience.
Online courses may take time and require a lot of effort to start selling. However, once your audience finds the content resourceful, they start sharing and recommending it through their network. Remember, creating an online course could take longer than expected, so remain focused and give your best.
How much you can make: $1,666,666/month
Prep Expert's founder built a test preparation platform from his dorm room with just $900 that has since accumulated over $20 million in sales and attracted billionaire Mark Cuban on Shark Tank, due to doubled yearly sales from word-of-mouth marketing and hundreds of points of improvement in students' SAT scores.
54. Start a music lessons business
How much you can make: $45,000 — $70,000/month
How much does it cost to start: $5,500 (?)
How long does it take to build: 105 days (?)
This case study follows Brooke Schrager's journey of starting a customized in-home music lesson business with only 10 students in January 2016 and growing it to over 200 students with monthly revenue of $20,000 in May 2021.
55. Start a vlog
Short for video blog, a vlog is a blog in video form. Think of a vlog as a TV channel that covers matters of a particular topic.
You can create and publish a vlog on different platforms. However, YouTube is currently the most-viewed and successful vlog, followed by platforms like Instagram, Twitch, and TikTok. Your vlog can offer instructional, performance art, or comedy-style content.
To create a vlog, develop a niche, decide the niche to specialize in, and create content.
56. Become a graphic designer
Graphic designing involves creating sketch designs and materials for corporate clients, advertising agencies, public relations firms, and publishers. Besides, graphic designers provide visual solutions to specific company images, log design, and branding problems.
Graphic design is an excellent career for creative thinkers who enjoy using their talent and artistic skills combined with technology and communication abilities to come up with unique solutions for their clients.
How much you can make: $8,000 — $81,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 165 days (?)
Draftss.com is a productized graphic design and front-end code service on subscription that made $66k ARR in 2019, has an MRR of $9.6k as of July 2020, and offers add-ons such as designers being added to team in interacting tools and front-end code services on WordPress using various page builders like Elementor and Divi.
57. Start a bookkeeping service
As the nature of business changes, bookkeeping is an essential function that is on-demand across all business sectors.
Bookkeeping services support businesses by handling their accounts receivables, creating and sending invoices to the correct accounts, and processing accounts payable to ensure business owners settle them when due.
To become a bookkeeper, pick the niche market, choose a bookkeeping software, and set up the necessary business infrastructure. You need a website, an address, client database software, and file-sharing tools where your clients can access records on demand.
How much you can make: $8,000/month
How much does it cost to start: $515 (?)
How long does it take to build: 7 days (?)
A4E, a full-service accounting business, grew five times from when it started about a year ago when it was only offering tax services, and its current MRR is around $8k with a targeted MRR of $13k, providing 100% done-for-you accounting solutions that combine bookkeeping, taxes and CFO services under one roof and for an amazing value for US-based businesses in tech-related industries and services.
58. Start an ebay reseller business
The basic idea of eBay reselling is to buy a discounted product, sell it on eBay, and ship it out for a profit.
Buying and reselling on eBay can be a profitable business. You can pick something at a lower price during its off-peak selling season and resell it individually when its demand is high.
To start an eBay reselling business, you should register as a business seller.
How much you can make: $4,000/month
How long does it take to build: 1 days (?)
Reselling business that has grown into a full-time venture, generating around $4,000/month, by cross-listing products on multiple platforms, primarily focusing on fashion but also including hard goods and furniture, while also offering downsizing services and planning to launch a website about the work-from-home lifestyle.
59. Start a domain registrar
Starting a domain registrar business can be lucrative and rewarding for those passionate about technology and the internet. A domain registrar is a company that allows individuals and businesses to register and purchase domain names, which are used to identify a specific website or web page on the internet.
To start a domain registrar business, you will need to invest in the necessary infrastructure and resources to support the registration and management of domain names. This includes a domain name server (DNS), a website and online platform for customers to browse and purchase domain names, and a team of customer service representatives to assist with any issues or questions.
In addition to these technical requirements, it is essential to have a strong understanding of the domain name industry and the various options and regulations that apply to different types of domain names. This will allow you to provide valuable guidance and recommendations to your customers as they select and register their desired domain names.
To succeed as a domain registrar, it is also essential to have a strong marketing and sales strategy in place to attract and retain customers. This can include targeted online advertising, partnerships with web hosting companies and other industry leaders, and offering competitive pricing and discounts to attract new business.
Starting a domain registrar business requires a combination of technical expertise, knowledge of the industry, and strong marketing and sales skills. You can build a successful and profitable business in the domain name industry with various factors.
60. Start an online influencer business
An online influencer business is a company or service that gets products or services sold through popular online users. It can be a very lucrative form of marketing.
As technology has advanced, more and more influencer businesses are starting to rise. These are people or companies who become famous for being influential on various topics.
More and more companies are investing in online influencer marketing because this channel is successful for new product exposure or for sharing news about a brand through voice-overs on popular online videos. You can work with these online influencers in different ways including the use of affiliate marketing or product embeds with sponsorship.
How much you can make: $2,000 — $50,000/month
How long does it take to build: 295 days (?)
Afluencer is a two-sided marketplace that connects brands with influencers and helps influencers, creators, and ambassadors find paid gigs, with 6,500+ active influencer users and 1,000+ brand users yielding 100% YoY revenue growth.
61. Start a recruiting business
A recruiting business is a service and advice-based business that helps companies and organizations find the right candidates for their jobs. These businesses usually serve as a medium between the two entities to create a win-win situation. The job seeker can get the job of their dreams, while the business entity can get a fit candidate for the job.
Recruiting is one of the fastest-growing industries in the United States. Over the past ten years, businesses are struggling to find quality employees and candidates are searching for more opportunities. If you know this, then you have everything you need to make money fast with recruiting.
Starting a recruiting business from scratch is easier than you think. You can have your own staffing agency in just a few weeks and start making a great income while working less.
How much you can make: $100 — $125,000/month
How long does it take to build: 105 days (?)
Techintern.io connects startups and tech companies with the best software developer students at colleges across North America and has achieved #1 Product of the Day and #2 Product of the Week on Product Hunt, making $15,000 per month.
62. Sell e-books
An e-book business involves selling digital books online.
To start such a business, you would need to have a website or an online platform like Amazon Kindle Direct Publishing or Smashwords, where you can list and sell your e-books.
To sell e-books, you need to decide on the type of content and set up your listings. This involves creating a cover, writing a description, and selecting categories and keywords.
Promoting your e-books is another important aspect of running an e-book business. You can use social media and online marketing strategies to reach your target audience.
Offering promotions and discounts can also help you encourage sales and attract new customers.
How much you can make: $15,000/month
How long does it take to build: 180 days (?)
AllAuthor is a book promotion platform that helps self-published authors to market their books, offering a cost-effective subscription model with free and paid membership options, generating $20,000 in revenue with a retention rate of 80-85% amongst its 13,500 authors from developed countries.
63. Sell digital products
Digital products are top-rated. They’re easy to create and share and a great way to build a business.
Digital products can be software-based, like an app or game, or information-based, like an ebook or course. They can also be something else entirely—like a membership site or a community. The possibilities are endless!
So what makes digital products such a great way to build a business? Well, first of all, they’re effortless to create. You don’t have to hire anyone else to do it for you; you can do it yourself! And because there’s no risk of having inventory sitting around in your garage, digital products can be sold directly from your website without worrying about moving merchandise.
How much you can make: $10,000 — $1,766,666/month
How much does it cost to start: $500 (?)
How long does it take to build: 58 days (?)
Contrarian Thinking is a premium membership community that teaches its 1.5 million members how to implement cash flow strategies to achieve financial freedom, with a current run rate of $3 million and a goal of $50 million ARR in five years.
64. Start a car washing and detailing business
The carwash business is already a multi-billion-dollar industry with room for growth.
With the number of vehicles per household increasing daily, starting a car wash and detailing business could be a profitable idea.
If you have a piece of vacant land in the right location, you can get into the carwash business. You can set up an in-bay automatic carwash, self-washing carwash, touch-free carwash, or a wide range of other options.
65. Start a handyman business
A handyman business covers a wide range of home repair and maintenance services, making it an easy entry into the industry.
You can start with minimal resources, and by providing valuable assistance to customers, you'll quickly establish yourself as a trusted professional in the field.
To start a handyman business on a budget, identify your skills and the services you can offer confidently.
Then, create a basic business plan outlining your services, target market, and pricing.
Next, obtain any necessary licenses or permits, and invest in basic tools and equipment.
Finally, promote your services through word of mouth, local advertising, and online platforms to attract customers and gradually grow your handyman business.
How much you can make: $8,000 — $1,600,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 8 hours/week
Learn how a third generation business owner started a profitable pool service and installation business in Southern Ontario, earning an average of $8000/month net revenue during peak season and growing from servicing 0 to 350+ pools since May 2016 by doing things that don't scale, such as manually talking to customers and focusing on the ideal customer.
66. Start a refurbishing electronic products business
Electronics refurbishing business repairs damaged or malfunctioning equipment such as televisions, stereos, computers, phones, and gaming devices.
If you have the necessary electronics repair skills, you can start a computer or electronic repair business, where you repair and resell the electronic equipment.
Although electronics is a saturated marketplace, you can build a successful business with the right approach.
The target market for an electronics refurbishing business mostly includes the low and middle-level income population with lower spending power.
67. Start a pet sitting business
A pet sitter is a professional who provides daily care for pets while the pet owners are at work or on vacation. The pet sitter's duties include:
- Cooking special meals for pets as instructed by pet owners.
- Reporting any behavioral issues to pet owners.
- Playing with the pets to encourage their mental and physical stimulation.
One of the advantages of working as a pet sitter is that it's not a stressful career. You also get to work with different animals while enjoying a work-life balance.
How much you can make: $15,000/month
A technician-turned-CEO built an in-home pet care enterprise that generates $8k per month by documenting business operations and empowering employees, inspired by the successes of McDonald's founder Ray Kroc and researcher Brené Brown's work on vulnerability and empathy in the workplace.
68. Start an in-home senior care business
With the busy lifestyle, family members are often absent and employ in-home caregivers to look after the elderly parents.
Caregivers assist the elderly with personal care routines, including bathing, grooming, dressing, toileting, and exercising. Caregivers also oversee medication & prescription usage and administer medicine.
Researchers anticipate a shortage of more than 100,000 caregivers for the elderly in the next decade. Therefore, starting an in-home senior care business is a great opportunity if you enjoy caring for the elderly and spending time with them. You can choose to work as an overnight caregiver or whichever work schedule suits you.
How much you can make: $250,000/month
How long does it take to build: 150 days (?)
The CareSide scaled to $5 million in revenue over 3 years by utilizing a data-driven approach to sales and marketing, with a focus on Google Adwords and Facebook ads, and implementing extensive automation into back end systems.
69. Start a travel information business
Travel information websites provide information about travel and tourism.
Travel and tourism content on the site may include articles, blogs, and forums. Travelers check websites for details such as booking flights or hotels, providing weather forecasts, or maps with directions to various destinations. If you are starting a travel information website, provide the users with an attractive, easy-to-navigate interface.
It should be well-designed and provide a comprehensive database of information about all the tourist destinations in the world. It is important to remember that such a website must be updated regularly. Content writers must ensure that they are constantly adding new articles, photos, videos, and other media content.
How much you can make: $14,167 — $1,600,000/month
How much does it cost to start: $900 (?)
How long does it take to build: 365 days (?)
How a first-time founder grew the first-ever online travel agency in Bangladesh to 700+ airlines and one million-plus hotels worldwide, with a 50% increase in revenue in October 2021 compared to pre-Covid sales and aiming to hit break-even by March 2022.
70. Start a tour guide business
Can you offer a native perspective of a town you know well? If yes, starting a tour guide business can be a significant business venture. Tour guides charge tourists per tour and provide visitors with an area with local tour narration and navigation.
To start a tour guide business, choose an area you know, and study its history. Visitors will often ask questions and expect you to answer them. Therefore, you have to be well-versed in the areas you will cover.
You can partner with a tour & travel company or a game park near you and offer the visitor's tour guide services.
How much you can make: $1,500 — $43,300,000/month
Intrepid Travel is the biggest adventure tour operator that generates $43 million in annual revenue, offering more than 1,150 sustainable and experience-rich trips worldwide and, since 2002, raising over AUD 12 million for 135 charities worldwide through The Intrepid Foundation.
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