The 62 Best Business Ideas In Maldives [2022]

The 62 Best Business Ideas In Maldives [2022]

Interested in starting a business in Maldives in 2022?

We put together 62 of the best businesses you can start in Maldives today.

In this list of ideas, you can find:

  • Home-based businesses to start in Maldives
  • Profitable online business ideas
  • Unique business opportunities for Maldives
  • Low investment business ideas (under $5k to start)
  • Easy businesses you can start in Maldives today

For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in Maldives.

Here's the full list:

1. Start an air freshener business

People use air fresheners widely in workplaces, schools, hospitals, theatres, stores, hotels, fitness clubs, restaurants, bathrooms, and other structures.

The rise in desire for high-end lifestyles and luxury presents an opportunity for the use of air fresheners.

The demand has risen and opened opportunities for traders who want to start a fragrance business. Ideas include opening an air freshener shop, starting an air freshener manufacturing business, or becoming an air freshener distributor.

How Much Can You Make?
$2,800 — $4,000/month
Time To Revenue
240 days
Skills
Business model

Case Study

Hello, it’s lovely to have a chance to talk with other people in the same start up mode as myself.

I was fortunate to get a grant from the European Union for Innovation in Agriculture, and began to work with the amazing Department of Parasitology at the University of Bristol. My commercial high point occured when the Fashion Editor of The London Times featured Lemongrass as her Weapon of Moth Destruction. We were inundated with orders, proving the demand for a more chemical-free environment.

creating-eco-friendly-air-fresheners-with-natural-products

2. Start a recruiting agency

The global online recruitment market size was $29B in 2019 and is projected to reach $43B by 2027.

The best way to assess the success of a Recruiting Agency is to review what their clients say about them, and the results which are achieved for those clients.

As a recruiter, you dream of landing your first client, but once you do, you realize it's only the start of what you hope will be a successful business. Have you ever wondered how to start a recruiting agency business? There's so much you can learn from books, but nothing beats getting real-world experience.

How Much Can You Make?
$100 — $320,000/month
Average Initial Investment
$60,000
Time To Revenue
300 days
Skills
Business model

Case Study

My name is Sharon Koifman, and I am the president of DistantJob. DistantJob is a unique recruitment agency that specializes in finding remote employees. That means we go all over the world to find outstanding talent who works remotely for our clients.

Our unique approach and model, combined with a commitment to great customer support, has done well for us: we have 3 million dollars in revenue.

how-i-started-a-3m-year-remote-worker-recruitment-agency

3. Start a solar energy business

Switching to solar energy has become the best way to save money by reducing utility bills. Are you interested in starting a business that focuses on renewable energy solutions?

A solar company can be a great business idea. You can set up a solar energy plant and sell the power to households and businesses without requiring them to purchase the entire solar energy system.

How Much Can You Make?
$600,000 — $2,000,000/month
Average Initial Investment
$50,750
Time To Revenue
360 days
Skills
Business model

Case Study

My name is David Gomez and I’m the founder and CEO of Clean Energy Solutions, based out of Los Angeles, California. We’re a solar energy provider that provides homeowners and businesses with low-cost solar power.

Our monthly revenue is around $600,000 with big plans to keep growing. A lot of our growth in the new year will be focused on our energy-efficient affordable housing division.

how-i-started-a-600k-month-company-selling-low-cost-solar-energy

4. Start a flower shop

Do you enjoy designing floral arrangements for special events like weddings or holidays? If so, owning a flower shop can be exciting and rewarding.

However, setting up the business for success can be overwhelming.

As a florist, your role is to touch people’s emotions with the flowers. The career requires creativity and design skills to appeal to your target customers. You need to love and enjoy working with flowers and have some patience.

How Much Can You Make?
$9,600 — $120,000/month
Average Initial Investment
$37,625
Skills

Case Study

My name is Carlos Franco, and I am the owner and creative director at Green Fresh Florals + Plants, San Diego's premier modern flower and plant shop located in Hillcrest.

I’ve been connected to Mother Earth my entire life and became a professional florist in my early 20’s. I opened Green in its current location in July 2009. Before that, I had a shop located in the East Village neighborhood in downtown San Diego.

how-i-started-a-120k-month-modern-flower-and-plant-shop

5. Start a cleaning business

Starting a cleaning business is an excellent opportunity to be your own boss and make money doing what you love. This business is relatively easy to start and does not involve a ton of equipment or funds to start.

There are many different types of cleaning services, so it's important to decide what type of cleaning services (or combination of services) you will offer, and what hours of the day or week those services will be available during.

To start cleaning service in Maldives, you'll want to consider investing in professional cleaning equipment such as a vacuum cleaner, a quality mop, and a good cleaning bucket. You will also need to buy environment-friendly cleaning products such as detergent, bleach, paper towels, and trash bags.

How Much Can You Make?
$2,000 — $708,333/month
Average Initial Investment
$161,159
Time To Revenue
180 days
Skills
Business model

Case Study

Hey! My name is Neel Parekh and I am the Founder and CEO of MaidThis® & MaidThis® Franchise, a cleaning franchise that helps residential homeowners and short-term rental hosts (Airbnb, VRBO, etc) with their cleanings.

  • We made our niche focus on cleaning Airbnbs and vacation rentals, in addition to regular home cleaning, which is a rapidly growing industry. We became the first cleaning franchise specializing in vacation rental cleaning.
  • Local businesses are often pretty old school and typically aren’t the best with marketing, especially digital marketing. We’re bringing new-age marketing tactics to this old-school industry.
  • Remote work: we’ve been able to stay extra nimble and lean with having a global workforce. This was initially done out of necessity so I could travel, but quickly became a huge competitive advantage. Our office team works across 8 different countries.

how-i-started-a-100k-month-home-cleaning-service-for-busy-individuals-and-airbnb-hosts

6. Start a gift store

How Much Can You Make?
$5,000 — $749,997/month
Skills

Case Study

I'm known as the Traveling Tooth Fairy because I’m a flight attendant and my husband is a pilot. We have traveled to more than 60 countries. I started collecting (tooth fairy) coins from around the world as I traveled.

For each tooth lost, she receives a real coin from a different country sparking an interest in different parts of the world, potentially opening up a dialogue about different cultures, time zones, languages, superstitions, inventions, indigenous animals and traditions.

how-this-flight-attendant-started-an-e-commerce-business-on-the-side

7. Start a waste management business

Waste management is a booming industry with a lot of potential for growth. Waste management companies are in charge of collecting and transporting waste from households, business areas, and other sources. They also collect recyclable materials and sell them to recycling centers.

The market for waste management is huge, but it may be difficult to enter due to the high capital requirements. However, if you have the resources and expertise, there's a lot of opportunity to make it big in this industry.

How Much Can You Make?
$4,000 — $37,000,000/month
Average Initial Investment
$1,450,333
Skills

Case Study

Hi! My name is Dustin Maze. I am the owner of SOCO Waste, a locally owned and operated residential waste removal business based in Colorado Springs, Colorado.

Originally the loan provided a trailer and 5 dumpsters. We now have 51 dumpsters, two roll off dumpster delivery trucks and two residential garbage trucks. We are projecting $700-800k in sales for 2020.

how-i-started-a-41k-month-residential-waste-removal-service

8. Start a money lending company

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

Case Study

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

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

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

9. Start a food truck

Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's not always as easy as it looks. In order to make it work, you need the ideal location and menu.

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

How Much Can You Make?
$29,166 — $61,650,000/month
Average Initial Investment
$44,033
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I started my career at the world-famous Century Plaza Hotel in Los Angeles Apprenticing under Certified Master Chef Raimund Hofmeister.

Food Fleet’s growth Year after year has been at an at over 30 %. From 2017-2018 we had an unprecedented 160% growth spurt. With a team of 6, including my partner and I, we managed over 20 million in sales for our clients. As an example. We took over a convention center 3 years ago managing their food truck business. For their largest event of the year, we were up 53% over the previous year. I honestly would have to equate some of that success to the under-reporting of sales by the previous operator. But the following year we were up 19% from that figure and again close to that this year. That is due in large part to our understanding of transaction times, menu mix, the equipment in each truck or pop up and other factors.

10. Start a logistics business

Logistics businesses focus on transportation and storage/warehousing, which are critical components of the supply chain. Without elaborate logistics, businesses will deliver goods to their customers efficiently and reliably.

A logistics business connects manufacturers and consumers through transportation and safe storage of products. Logistics may be a good place to start if you are interested in a supply chain-related business but not sure which one. You can work as a driver, connect manufacturers to storage warehouses and transportation companies, etc.

How Much Can You Make?
$83,333 — $2,000,000/month
Average Initial Investment
$6,250
Time To Revenue
300 days
Skills
Business model

Case Study

My name is Ben Elizer, and I am the Founder and President of Velocity International Group, a full-scale logistics company, offering SameDay delivery, Expediting, Distribution, Fulfillment, andmany Warehousing Services. We offer to consult and some other services as well to help our customers succeed in an ultra-competitive environment. Velocity started with 2 vans and many faces to face conversations. We now have 10+ vehicles, including trucks, and have grown to 25k+ square feet of warehouse space as well to best serve our customers.

Over the past 2 years, our revenue has grown over 300%, which has completely contributed to the great people and culture we have at Velocity. After having to move out of my apartment (because I put everything financially I had into this company), and move back into my mom’s house in my mid 20’s, it was difficult, but just 6 months later we had our first small office and warehouse space. I’m fortunate I had a support system to move back into, or else Velocity might not be here today. The business has grown ever since because of hard work, trust, and relationships. We focus on what is important.

how-i-started-a-100k-month-logistics-and-delivery-service-company

11. Start an electronics repair business

The electronics industry itself is worth more than $2 trillion. And electronics repair is a lucrative business that can be started with little to no money.

One of the most important things an electronics repairman must do is to make sure they have the right tools and equipment for the job. This will include everything from soldering irons, wire cutters, screwdrivers and more. A good way to save money on these tools is by buying them used or refurbished.

It's also important for an electronics repairman to have a solid understanding of how electronics work, including the basics of circuit boards and electricity, so they can troubleshoot problems and fix them as efficiently as possible.

How Much Can You Make?
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

My name is Allen Chiang, and I founded Retro Radio Farm, where I repair and restore old radios. I offer Bluetooth MP3 upgrade if the customer wants to play digital music.

Right now, I make about $50K a year for the work I put in primarily on weekends. While it’s highly profitable, it has not yet lucrative enough yet for me to quit my day job. Although, the business has been growing 20% every year.

finding-and-repairing-retro-radios-turned-into-a-successful-side-hustle

12. Become a financial advisor

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

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

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

Case Study

Hi! I’m Ellie and I’m the founder of Money Therapy Consulting. Money Therapy Consulting is an online consulting company that educates individuals and founders about their finances. In addition to the consulting, I host seminars, write informative articles, and curate personalized financial plans for businesses and individuals

Money Therapy generates about $5,000 per month and I’m incredibly happy with that number. I could sell more sessions but the quality would not be there for my clients if I did. What I love about Money Therapy is that it proves that if you have a skill, some time, and a will, you can start a business with your talents. Everyone has a way of making money with what they already have in their toolbox.

how-i-started-a-successful-side-business-providing-financial-advice

13. Start a blog

In recent years, blogging has become a highly sought-after & lucrative Business. This is location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster's list of blogging statistics and facts:

  • Blogs have been rated as the 5th most trustworthy source of gathering online information.
  • 77% of internet users read blogs.
  • Each month, approximately 409 million people view more than 20 billion pages.

Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.

If you want to start blogging as a side hustle or as a full-time profession, first choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.

How Much Can You Make?
$200 — $160,000/month
Average Initial Investment
$2,721
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

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

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

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

14. Start a web design & online marketing business

If you know about website design and marketing concepts then starting your own web design and online marketing business could be the perfect opportunity for you to do so.

The online marketing industry is the second largest industry in the United States and continues to grow. The online marketing industry is massive. It is estimated to grow by 30% annually, reaching $400B in the next four years.

How Much Can You Make?
$3,000 — $800,000/month
Average Initial Investment
$15,080
Skills

Case Study

Hey there! I’m Shannon Mattern and I’ve helped over 15,000 new online business owners learn how to build their websites and market themselves online (even if they’re not a techie and are starting from zero).

And every month on my podcast I break down exactly how much money I make, how I make it and what my expenses are - because I believe it’s important to show the whole picture of what the opportunities and the costs are to run an online business!

how-i-started-a-10k-month-business-selling-diy-web-design-and-marketing-courses

15. 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 in Maldives.

To attract your first clients, consider online advertising, and seek referrals from every customer.

How Much Can You Make?
$20,000 — $8,333,333/month
Average Initial Investment
$100,000
Time To Revenue
240 days
Time Commitment Per Week
Min. 4 hours/week
Skills
Interests
Business model

Case Study

Hey everyone! I am Chris and in March 2011 I started Live Fit. Live Fit is a personal training company that was created to change the standards in the personal training industry. Early on I focused on building a company that is not only based on results, as most fitness companies are, but that is also focused very heavily on relationships. Relationships create trust, trust creates buy-in, and buy-in leads to the accountability and dedication it takes to get results.

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

16. Start a freelancer platform

Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.

The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025. While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.

With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.

How Much Can You Make?
$3,000 — $5,000,000/month
Average Initial Investment
$83,738
Time To Revenue
300 days
Skills

Case Study

Hello! I’m one of the co-founders of CloudDevs. We started this company in 2019 with a mission to change things around in the tech talent-hiring industry. We launched for sales in March of 2020, right before the initial lockdown due to the Covid 19 pandemic.

We are proud to say that within our first year of sales, we reached 1 Million USD in GMV, and we are aiming higher this year.

we-bootstrapped-a-tech-talent-platform-to-1-2m-sales-in-our-first-year

17. Start a SEO agency

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in the search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years.  Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with a great chance for success.

It's easier than ever to start your SEO agency in Maldives. The tools are there, and the competition isn't as stiff as it used to be. If you're considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

How Much Can You Make?
$3,500 — $10,000,000/month
Average Initial Investment
$5,712
Time To Revenue
390 days

Case Study

My name is Chris Dreyer and I’m the CEO/Founder of Rankings.io, LLC. My company is a hyper-focused SEO (search engine optimization) agency; we help elite personal injury law firms dominate first page rankings.

In 2018, we were #858 in the Inc. 5000 list of the fastest-growing companies in America. Our revenue is just under $300,000 per month and we’re on pace for another record-breaking year.

how-i-started-an-seo-agency-for-lawyers-generating-3-6m-year

18. Create an online course

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

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

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

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

Case Study

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

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

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

19. Start an online advertising agency

An online advertising agency provides business owners with a wide range of marketing services to help them reach targeted customers, and increase their product or service sales.

Services offered by online advertising agencies include creating ads, planning marketing campaigns, deciding the best platforms for reaching the target audience, and analyzing performance to help businesses make strategic marketing and advertising decisions.

How Much Can You Make?
$2,797 — $1,250,000/month
Average Initial Investment
$18,576
Skills

Case Study

Hello, my name is Luis Camacho and I am the founder of Fantôm Agency and also the host of the SaaS AdLab podcast, which is a podcast where I interview SaaS founders to learn more about their story. Fantôm is a digital advertising agency which focuses on helping mid-to-late stage SaaS (software as a service) companies scale through paid advertising channels such as Google, Facebook, and LinkedIn.

Fantôm focuses entirely on paid advertising, I guess you could say that’s the bread and butter, it’s what I’m great at but it’s also what I’m most passionate about. There were attempts to enter different service offerings but did not have as much fun doing so. Now when clients have the need for other types of marketing, say, email marketing, I point them to one of my trusted partners who are able to execute and over-deliver on such service for them. Currently, Fantôm is making roughly $8,600 per month overhead is only a couple of hundred dollars per month, about $300, which go towards tools and software needed in order to provide the best possible results for clients.

my-story-on-building-my-own-8k-month-digital-advertising-agency

20. 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 own 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 in Maldives, 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 the operations.

How Much Can You Make?
$1,600 — $250,000/month
Average Initial Investment
$3,697
Time To Revenue
300 days
Skills
Business model

Case Study

Hi! My name's Dani, founder of Scribly.io - you can’t see me but I’m waving at you 👋

Last month Scribly.io topped $14K monthly revenue. That was a really big moment for me, and a bit of a turning point. What started out as a 'let's try and see' project has now become my full-time job with ambitious growth plans 🙌.

how-dani-mancini-transformed-her-freelance-gigs-into-a-saas-business

21. Sell construction equipment

The global construction market is set to grow to $222.14 Billion in the next few years. Therefore, the construction equipment business is one of the ideas that can be rewarding to sales professionals.

Reselling heavy construction equipment can be a great way to earn some cool cash. The construction equipment can include heavy-duty vehicles, engineering equipment, and heavy hydraulics.

Before launching, conduct feasibility studies and collect the address and details of all the construction sites and construction companies within your reach. Then, write a business plan focusing on the construction sites and companies listed above. Finally, to profit from selling construction equipment, source it carefully from manufacturers with a good reputation.

How Much Can You Make?
$20,000/month
Skills

Case Study

My name is Mat Hofma, and I created Mini Materials. We sell miniature masonry and woodworking supplies like cinder blocks, red bricks, pallets, lumber, and even molds to pour your own cinder blocks.

Since then we've expanded to different styles of mini masonry and even kits to build models.

selling-mini-construction-supplies-and-making-17k-mo

22. Become a virtual assistant

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible as you can choose a work schedule and location at your convenience. Many virtual assistants in Maldives have a dedicated home office where they work in a quiet and distraction-free environment.

To become a virtual assistant, identify a niche you like and undertake any training. Figure how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.

How Much Can You Make?
$1,000 — $850,000/month
Average Initial Investment
$4,200
Time To Revenue
180 days
Skills
Business model

Case Study

Hi, I am Julmar Grace Locsin, and I am the owner and co-founder of Filipino Virtual Assistance by FVA Business Consultancy. FVA offers online and offline training, coaching, consulting, workshops, services, franchising-related virtual assistance, offshoring, outsourcing, and remote work for brands and businesses, here and abroad.

Our very mission is to equip freelancers, empower marketers, and enable businesses. We envision FVA for global digital leadership that will impact the world through digitalization, one life at a time. FVA has three arms, namely FVA Online Academy- have trained 25,000 students from our 31 courses, FVA Services- from training to hiring programs, and FVA Franchising with 16 Coaches assigned from different territories. And we are fifteen in the FVA team, including FVA co-founder Jay Locsin and me.

on-starting-a-business-training-virtual-assistants

23. Start a podcast

Do you have knowledge and passion that you'd love to share with other people? Or perhaps you are a content creator and looking for ways to expand your revenue streams? If you match any of these criteria, then becoming a podcast host could be the perfect opportunity for you.

Podcasts are the new radio. Podcasting is one of the fastest-growing mediums for online audio, and it's not expected to slow down any time soon. But unlike traditional radio, podcasts are driven by content creators who have a passion for sharing stories with their listeners.

One of the main benefits that come with starting a podcast is the minimal investment needed to get started. All you need is a computer or phone with a microphone and a way to host it online. You can even create one on your own website if you want.

How Much Can You Make?
$419 — $1,020,000/month
Average Initial Investment
$4,187
Time To Revenue
90 days
Time Commitment Per Week
Min. 2 hours/week
Skills
Interests
Business model

Case Study

Hey there! I’m Jeremy Enns, the founder and Storyteller In Chief at Counterweight Creative, a podcast production and strategy agency.

I started the company 3 years ago, in 2016 with one client, making $15/hour and have grown into a team of 10 contractors producing more than 30 shows per week with revenue of over $10K/mo.

how-i-started-a-successful-podcast-production-company

24. Start a mobile photography

Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.

There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!

To start mobile photography in Maldives, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.

How Much Can You Make?
$2,000 — $500,000/month
Average Initial Investment
$24,583
Skills

Case Study

Hi! My name is Tsour Lee Adato and I am the founder of Pro Photo Studio. I started my product photography business over 5 years ago while living in New York. Pro Photo Studio specializes in high-end commercial photography and also caters to the average eCommerce online seller who sells on platforms like Amazon and Etsy.

The company began realizing a profit very quickly, in the first quarter after opening and year over year profits have increased while the cost of customer acquisition has decreased. Currently, the company makes approximately $350k per year and is on its way to becoming a 7 figure business.

how-i-started-a-45k-month-commercial-product-photography-business

25. Start an online video editing business

Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or the video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.

To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.

How Much Can You Make?
$2,000 — $208,000/month
Average Initial Investment
$150,075
Skills

Case Study

Hey, I am Sabba and I am the co-founder of VEED.IO along with my partner in crime Tim. We are a London-based bootstrapped startup. Our web app, VEED, is a simple online video editing platform that allows users to do a bunch of cool stuff like auto subtitle videos, add video effects, add music, trim, rotate videos and much more all in the browser.

We launched just over a year ago, started charging 4 months ago and as of this interview, we are at $5,300 MRR and are just about profitable (Ramen profitable).

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

26. Become a proofreader

Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.

As a proofreader, you can work online, allowing you to choose what time to work.

If you plan to start a professional proofreading business in Maldives, make sure you possess the following skills:

  • Have an excellent grasp of grammar
  • Ability to correct mistakenly capitalized words
  • Familiarity with the proper use of capitalization
  • Use spell-checkers to flag misspelled words

Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.

Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.

How Much Can You Make?
Skills

Case Study

Hi, my name is Lenny Bron, and I am The Blog Proofreader. I’m the annoying grammar police person you’ve always been tired of hearing from every time you use an ellipses incorrectly in a Facebook post you wrote 3 years ago.

I’ve been able to build my business from scratch to consistently make ~$2,000 per month with zero experience in the field, no expenses, and barely any upfront costs.

how-i-added-2-000-to-my-monthly-income-proofreading-blog-posts

27. Become a software developer

A software developer is a person who creates computer programs. They design, test, and oversee the creation of software for a variety of purposes including businesses, personal use, or social networking.

If you have strong technical skills and experience in programming, you can start a software development business. You should also have a good understanding of how the software works.

The average salary for software developers is $110,140. The best-paid 25 percent earn an annual income of up to 140K dollars while the lowest-paid workers make just under 84K dollars.

The recent trends in software development are moving towards mobile apps and cloud-based solutions. Businesses are providing a variety of programming languages and tools to create software that meets the client's needs.

Starting a software development company is the perfect way to explore in this exciting industry. This type of business is growing in popularity as businesses are looking for ways to offer their customers a convenient way to access their data and applications.

How Much Can You Make?
$4,000 — $2,110,000/month
Average Initial Investment
$327,675
Skills

Case Study

Hi all, my name is Max Rice, and I’m the co-founder and CEO of SkyVerge, where we build software tools that help over 100,000 eCommerce brands manage and grow their online stores. Our customers are mostly small to medium-sized businesses in all kinds of verticals.

My co-founder Justin Stern and I started SkyVerge in 2013 and we’re a globally distributed team of over 30 people, with revenue of $350,000 per month.

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

28. Start an affiliate marketing business

Are you looking for a side hustle that will 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 find the right brand to partner with. You may prefer becoming an affiliate marketer for an eCommerce store or partner with a manufacturer, and market their products for a commission.

How Much Can You Make?
$500 — $500,000/month
Average Initial Investment
$38,575
Skills

Case Study

My name is Patrick Hess and I am the creator of Bar Games 101, a website about a wide variety of games to play with your friends and family.

As our library of game-focused content expands, traffic is increasing as well, with over 200K monthly unique visitors and revenue over $4,000 for the month of August.

how-i-built-a-3-5k-month-authority-site-with-a-full-time-job

29. Start a digital marketing business

Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.

If you plan to start a digital marketing business in Maldives, educate yourself and understand as much how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through digital marketing online courses.

To stand out, find a digital marketing niche and focus on the audience interested in your services.

How Much Can You Make?
$2,000 — $6,660,000/month
Average Initial Investment
$80,670
Time To Revenue
300 days
Skills
Business model

Case Study

My name is Lars Helgeson and I am the founder of GreenRope, a CRM and marketing automation platform. Our company started in 2000 as an email marketing SaaS and in 2008 decided to focus on the challenges that businesses face in managing sales, marketing, customer service, and operations.

GreenRope has over 1,000 customers in over 20 countries, ranging from startups to universities and municipalities.

on-starting-a-160k-month-crm-automations-company-after-a-us-air-force-career

30. Start a hangover cure product

56% of drinkers have experienced a hangover! That's a lot of people dealing with headaches, nausea and general lethargy. The good news is that there is an entire industry devoted to curing hangovers.

How Much Can You Make?
$1,000 — $200,000/month
Average Initial Investment
$100,000
Skills
Business model

Case Study

Hey guys! I’m Eddie and I’m the founder of Flyby. We’re a health & wellness startup focused on building supplements that’ll allow people to be the best versions of him or herself.

We launched in March 2017 and in approximately 10 months, hit $1M in sales. We are now doing close to $200K/mo in sales, in some of the top retail stores (Urban Outfitters, Anthropologie, American Eagle) and are on track to do $2.5M this year. And since the release of our new formulation, we’ve consistently generated over 40 percent in repeat purchase revenue.

flyby-selling-1m-of-hangover-pills-in-10-months

31. Start a dropshipping business

Dropshipping allows you to start your online e-commerce store without stock-keeping. Therefore, you do not need huge capital, and the risk is minimal because the manufacturer is responsible for the inventory and ships it directly to the customer. Therefore, your responsibility remains to market and offer customer service.

To start a successful dropshipping business in Maldives, you need a mastery of online marketing and a focus on improving customer experience.

How Much Can You Make?
$5,500 — $3,000,000/month
Average Initial Investment
$11,116
Time Commitment Per Week
Min. 10 hours/week
Skills
Interests
Business model

Case Study

Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.

Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.

how-i-started-a-100k-month-business-mentoring-dropshipping-entrepreneurs

32. Become a crypto trader

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

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

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

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

Case Study

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

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

on-starting-a-cryptocurrency-exchange-platform

33. Start a language translation service

Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.

To become a language translator in Maldives, master a second language and earn some experience so you become fluent in the second language.

How Much Can You Make?
$40,000 — $550,000/month
Average Initial Investment
$635,000
Time To Revenue
180 days
Skills
Business model

Case Study

Hello, my name is Cédric Sigoire and I am the owner of the DEMAN Translations group.

We will reach more than 6 million euros in the year 2021 and my target for 2022 is 10 million euros!

buying-a-translation-company-and-growing-it-to-4m-year

34. Start a travel agency

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travellers within the market rate

How Much Can You Make?
$1,100 — $114,200,000/month
Average Initial Investment
$16,390
Business model

Case Study

Hey! My name is Marissa Daniels, and I am a millennial travel agent! I began Spread Your Wings Travel in February of 2019. Prior to 2019, I wanted an extra source of income just to have an extra cushion. I did mystery shopping, took surveys online, drove for Postmates and DoorDash, worked at a grocery store, anything I could find for extra money. I also did, and still do Brand Ambassador events as well- but those things didn’t fulfill me. I was doing them to get extra money, but it didn’t have a purpose and it wasn’t paying me as much as I wanted, so I stopped it all and just gave it to God. I let Him handle it.

Spread Your Wings Travel offers all-inclusive vacations (most under $1000 per person), cruises, luxury villas, cabins, domestic travel and more! The main thing that people like about my business is that I have a payment plan option. I like to have that option for them because not everyone is able to pay for a vacation upfront.

how-i-started-a-2k-month-side-hustle-selling-vacations

35. Start a travel agency

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travellers within the market rate

How Much Can You Make?
$1,100 — $114,200,000/month
Average Initial Investment
$16,390
Business model

Case Study

Hey! My name is Marissa Daniels, and I am a millennial travel agent! I began Spread Your Wings Travel in February of 2019. Prior to 2019, I wanted an extra source of income just to have an extra cushion. I did mystery shopping, took surveys online, drove for Postmates and DoorDash, worked at a grocery store, anything I could find for extra money. I also did, and still do Brand Ambassador events as well- but those things didn’t fulfill me. I was doing them to get extra money, but it didn’t have a purpose and it wasn’t paying me as much as I wanted, so I stopped it all and just gave it to God. I let Him handle it.

Spread Your Wings Travel offers all-inclusive vacations (most under $1000 per person), cruises, luxury villas, cabins, domestic travel and more! The main thing that people like about my business is that I have a payment plan option. I like to have that option for them because not everyone is able to pay for a vacation upfront.

how-i-started-a-2k-month-side-hustle-selling-vacations

36. Start a handmade paper goods business

The handmade paper goods market is growing globally due to the increase in environmental consciousness among people. The gift of handmade is a tradition with a long history. According to data collected by the US Census Bureau, each year the number of handmade goods made by individuals in the USA rises by 3%. Handmade paper goods are not an exception.

The handmade paper goods market size is expected to reach $7.3B by 2020. The business of crafting paper goods was largely untouched until the start of Etsy, which has since grown into an international curated marketplace. Those who could craft unique and innovative pieces landed themselves a successful eCommerce store, living off of bare-bones websites and making their creations available to customers far and wide.

How Much Can You Make?
Skills
Business model

Case Study

Hi there! My name is Abigail Butler and I am the designer, maker and owner of Chirps & Cricket Design Studio. Chirps & Cricket is a small, Denver, Colorado-based design studio specializing in graphic design services, custom illustration, handcrafted paper goods and bespoke invitations.

Illustration, design and packaging for The Patient Zeros ‘Born Again’ EP. The band requested a hand-drawn illustration with a psychedelic feel.

leaving-my-corporate-career-to-start-my-own-design-business

37. Start a voice over service

Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.

Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.

To become a voiceover artist in Maldives, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.

How Much Can You Make?
$400 — $40,000/month
Average Initial Investment
$50,000
Skills

Case Study

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

38. Start a mobile app development business

Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.

Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.

To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps

How Much Can You Make?
$6,000 — $2,333,333/month
Average Initial Investment
$106,175
Skills

Case Study

Hi! 👋 My name is Tim Bornholdt, and I’m a co-founder of The Jed Mahonis Group. We are a custom iOS and Android app development consultancy, and we specialize in building native mobile app solutions for businesses of all sizes.

We’ve grown at a steady pace over the past eight years. We currently work with several large and small organizations including Great Clips, Profile by Sanford Health, Green Mill, and the USA CUP. My business partner and I started the company right out of college by investing $250 each and have since turned it into a nearly seven-figure a year agency.

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

39. Start a hotels business

If you are considering starting a hotel, then it is time to set your plan into action. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.

Here are some tips to consider prior to forming a hotel:

  • Name your business
  • Decide on a marketing strategy
  • Start by renting out a room in your home.
  • Hire a business capital broker
  • Try AirBnB
  • Make a marketing plan
  • Offer complementary services

How Much Can You Make?
$15,000/month
Skills

Case Study

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

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

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

40. Start an email marketing business

How Much Can You Make?
$1,500 — $8,333,333/month
Average Initial Investment
$10,628
Time To Revenue
90 days
Skills
Business model

Case Study

Hello, my name is Chase Dimond and I am the Co-Founder of Boundless Labs. We are an email marketing agency that specializes in working with eCommerce brands. We currently work with 30 eCommerce brands that do anywhere from 6 to 8 figures in annual revenue.

We ended up bringing on our first full-time employee in Q3 of 2019 and started onboarding clients again. For the second half of 2019, our business grew by ~$12K per month and we’re now making ~$90K per month. We just recently hired our second full-time employee and anticipate we’ll be at $100K per month in revenue by the end of January 2020.

how-i-started-a-55k-month-email-marketing-agency-specialized-in-ecommerce

41. Start a social media management business

Similar to virtual assistants, social media managers offer various services, including but not limited to:

  • Developing a marketing strategy based on clients' goals
  • Setting up social media accounts
  • Posting on behalf of their clients
  • Coming up with strategies for increasing client’s social media following
  • Marketing analysis.

To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals. The beauty of working as a social media manager is that you get a chance to define your work schedule and even choose what niches to work on.

How Much Can You Make?
$15,000 — $166,667/month
Skills

Case Study

I’m Amanda Shepherd, the owner and lead mentor at the Social Media Manager Society. Aside from social media consulting to businesses in the food, beverage, and hospitality industries, I created a program to teach other women how to run successful social media businesses so they can have the time and financial freedom they’ve always wanted!

I quit my 9-5 and in one year made almost $100,000 working an average of four hours per day - and still growing!

how-i-started-a-7-5k-month-social-media-consulting-and-training-business

42. Mobile Notary Service Business

A mobile notary, also known as a traveling notary, is someone who travels between locations to ensure that the notarization process is completed properly. A mobile notary meets with clients personally and completes all paperwork on-site.

A mobile notary verifies the signer's identity, witnesses the signing of documents, and puts his signature and stamp on the document.

You can easily promote Mobile Notary services on your webpage. Mobile Notaries that help with mortgage closings can earn $75-200 per appointment.

43. Start an online retail store

Starting an online retail store is straightforward. All you need is a computer, a domain, and a web hosting service. Then, determine a niche for your online store, and conduct product research before listing products.

You can start your online store based on a drop shipping business model or list your self-made products in your online store.

How Much Can You Make?
$5,000 — $62,500,000/month
Average Initial Investment
$37,447
Skills

Case Study

Hagan makes ski mountaineering gear—exclusively. We focus without distraction on alpine ski touring. We don’t make downhill skis, clothing, hiking boots, or running shoes.

Our focus on high-performance ski mountaineering gear is recognized and appreciated by devoted backcountry skiers and has 50% annual growth in recent years. Hagan is Pure Ski Mountaineering.

how-i-started-an-online-store-selling-backcountry-skis

44. Start a restaurant

If you love cooking and have a passion for entrepreneurship, starting a restaurant can be fun and a lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food, line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills, to make your dream come true.

If you plan to open a restaurant in Maldives, gain insight from consumer preferences and focus on serving modern consumers what they need.

How Much Can You Make?
$83,400 — $61,650,000/month
Average Initial Investment
$5,000
Skills

Case Study

Hi, I’m Andrei Calinescu and I am the Founder and CEO of One Life Meals.

starting-a-1-5m-healthy-meals-delivery-business

45. Start a restaurant

If you love cooking and have a passion for entrepreneurship, starting a restaurant can be fun and a lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food, line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills, to make your dream come true.

If you plan to open a restaurant in Maldives, gain insight from consumer preferences and focus on serving modern consumers what they need.

How Much Can You Make?
$83,400 — $61,650,000/month
Average Initial Investment
$5,000
Skills

Case Study

Hi, I’m Andrei Calinescu and I am the Founder and CEO of One Life Meals.

starting-a-1-5m-healthy-meals-delivery-business

46. Start a stock video business

Stock video is pre-filmed footage that can be purchased and used in various projects and films. Like stock photos, copyrighted stock videos cannot be used without permission and licensing from the rightful owner.

Businesses and filmmakers use licensed stock footage as they save money and hours, they would need to create original footage. Starting a stock video suitable for use in commercials and entertainment can be a great venture.

How Much Can You Make?
$10,000/month
Average Initial Investment
$25,150
Skills

Case Study

I’m Eduard Stinga, founder of VideoPlasty, a platform for stock animation and GIF images.

Since we launched, more than 600,000 people have visited our platform over the years, with 2020 being our best year so far, the year we finally cleared the first legendary milestone for any startup, registering our first six-figure year with a little over $100k in revenue. And we’re just getting started!

i-built-a-120k-year-stock-animation-and-gif-images-side-hustle

47. 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. 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 an extra income.

If you are looking to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How Much Can You Make?
$800 — $4,500,000/month
Average Initial Investment
$1,966
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I am Chhavi, the founder and owner of the blog and YouTube channel Mrs Daaku Studio along with my husband Amit.

Our blog, YouTube channel, and products are designed to help you achieve what we have (...and, more).

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

48. Build an AI tool

Artificial intelligence is a hot topic in the tech industry right now. An AI tool is a computer program that is designed to simulate human intelligence. AI tools are used in a variety of industries, including healthcare, finance, manufacturing, and retail.

There are many different types of AI tools, but some common examples include chatbots, virtual assistants, and machine learning platforms.

To build an AI tool you will need strong technical skills and experience in computer science. You should also have a good understanding of the different types of AI tools and how they are used.

AI is quickly becoming one of the most important and sought-after technologies in today's world. The revenues coming from software using artificial intelligence are going to increase from 9.5 billion U.S dollars in 2018 to 118.6 billion U.S dollars by 2025.

The demand for AI tools is growing as businesses are looking for ways to automate their processes and improve their customer service. AI tools can help businesses save time and money by automating tasks that would otherwise be done manually.

How Much Can You Make?
$1,000 — $41,400,000/month
Average Initial Investment
$38,333
Skills

Case Study

My name is Abby and I am the founder of SkillSoniq. SkillSoniq is the world’s first AI-Powered recruiting app that connects companies with skilled, domestic freelancers and gives companies the option to hire a freelancer (s) on their payroll.

We currently cater to small companies with less than 200 employees, who feel the pain of hiring through traditional recruiting channels. We launched in New York in early 2019, and made $350,000+ in Gross Revenues in the first year of launch in 2019 without spending a single dime on advertising! We are currently making $40,000 a month in gross revenues. In just the first year of launch, we signed up more than 100 clients, boarded 6,000+ freelancers on our platform, and received 4.9/5.0 google review ratings from our customers.

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

49. Start a grocery store

A grocery store sells a wide variety of food product, fresh or pckaged, and other household & personal care items. The grocery store industry is the largest retail channel that makes $682 billion industry in the United States.

To start a basic grocery store, you can expect to spend a minimum of $50,000. Ideally, the bigger expense would be the rent, equipment, labor cost, cash registers/POS systems and software. Some of these are recurring monthly fees. However, things that will make a bigger impact on the business are the location, size of the store, competitors, local customers. To make a bigger profit, a new grocer should sell more items for a lower price.

A new grocer can also save costs by buying the items from local distributors. The distributor is the middle man between the manufacturer and the grocery store selling it. Once the store cost and location is decided, the next step is to obtain a seller license. In most states, a grocer's license is required to run a grocery store.

Thus an average grocery store has a profit margin of 3% to 5%. The profit rates depend on the location, size, and popularity of the store. On average, a small to medium grocery store can make profit up to $300,000 annually if all the profit factors are considered.

Another way to make your business more profitable is to diversify your store and add amenities like a coffee shop or stocking up the front of the store with magazines, batteries, etc. as these items can cross margin of up to 70%. As a rule of thumb, offer lower prices on higher purchase, this will ultimately win more customers and increase profitability.

50. Start a commercial fishing business

The commercial fishing industry is one of the most exciting industries to get involved in and can be lucrative if you are willing to put in the time and effort. Do you love the ocean and fishing as your hobby? The idea that you could get paid for doing something you thoroughly enjoy can be an incredibly tempting proposition. Fishing for a living seems like the perfect job.

Listed are the steps to start a commercial fishing business.

  • Register your business name
  • Get the proper licenses and regulations in order.
  • Get a boat that fits the boat requirements.
  • Get a buyer and secure the contracts.
  • Hire a crew
  • Secure all needed materials and supplies

51. Start a bread bakery

You’ve heard the term “breadwinner”, but did you know there is a growing market to bake bread, which could potentially make you a “breadmaker?” If you love baking but want to make extra money, consider a bread making business. The industry is flourishing and has tons of growing potential. On average, the typical U.S. resident consumes 37.4 pounds of bread annually. It is a small scale manufacturing business that can be started with little investment & from the comfort of your home.

52. Start a content marketing agency

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

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

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

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

Case Study

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

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

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

53. Start a mineral water production

How Much Can You Make?
Average Initial Investment
$15,000
Skills

Case Study

Hello! My name is Naveen Kumar and I am the CEO of Pyotam. I am an alumnus of IIT (BHU), Varanasi, and have various patents in the field of water conservation techniques and solutions.

Today we have recurring customers who not only love our product but also recommend it to their friends and family. Currently our monthly revenue averages around Rs. 1,00,000/- ($13K) from a customer base of around 250 customers having sold 1,400 bottles so far.

we-developed-a-18k-year-patented-ayurvedic-alkaline-water-india

54. Start a child care business

Starting a child care business is a great way to build a steady income. You will have the opportunity to be your own boss and set your own 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 child care business is an excellent idea. It is both a personal and economic investment for its owners. This is especially true if you are considering starting your own non-profit organization or becoming licensed to provide child care. Running a childcare business gives you the opportunity to help children develop, while also making money. As with any business endeavour, running a child care business has its ups and downs, but it can be very rewarding nonetheless.

Average Initial Investment
$100,000
Time To Revenue
180 days
Skills
Business model

Case Study

Hello! My name is Kristy Bickmeyer and I founded Twinkle Toes Nanny Agency in 2011. We provide quality, affordable, and hassle-free in-home childcare for families. Since starting in Gainesville, FL in 2011, we’ve grown to over 20 locations in 5 states, with more on deck to open this year!

Our franchise model offers a low buy-in, and operating costs are extremely low with almost no overhead. Because of this, franchisees can see a strong ROI and achieve financial independence, all while working mostly from home and making their schedule.

how-this-nanny-started-her-own-940k-month-childcare-business

55. Start a smoothie business

Smoothie is a blend of whole fruits and can contain bananas, yogurt, honey, ice cream, and other ingredients.

Smoothie businesses attract health-conscious consumers and their mass appeal has grown tremendously.

In the US alone, smoothie bars are a 3-billion-dollar industry. Therefore, from an entrepreneur's standpoint, starting your smoothie business can be a great idea. To start your smoothie bar, consider an ideal location, and ensure a proper shop format. The alternative smoothie shop formats include:

  • Dine in Plenty of seating space available: customers order and pay at the counter.
  • Window only: Serves takeaway smoothies with customers ordering and paying at the counter
  • Food truck: Mobile smoothie shop allowing you to connect with a larger customer

The rising popularity of healthy juices and the low startup cost makes the smoothie industry an appealing frozen food business idea.

How Much Can You Make?
$30,000/month
Skills

Case Study

Hi there. I’m Jen Hansard, the co-founder of Simple Green Smoothies where we create plant-powered recipes that gives you the energy and health to fuel your passion. It all started on Instagram in 2012, yet over the years (and with a LOT of hustle and luck) it has exploded into a brand of best-selling plant-based recipe books, live community cleanses, adventure retreats and the #1 green smoothie app in iTunes, Daily Blends. Since 2012, Simple Green Smoothies has helped over 2 million people take control of their health in a tasty and simple way.

Our programs can bring in as much as $30,000 a month in revenue, which helps me pay our staff, expenses and also allows us to help women farmers in Cambodia build mushroom farms through World Hope International. Click here to learn more.

how-one-woman-went-from-wic-to-ceo-of-her-own-smoothie-empire

56. Become a forex trader

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

Case Study

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

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

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

57. Start a coffee shop

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

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

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

Case Study

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

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

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

58. Start a car rental business

Car rental can be a profitable venture if you are passionate about starting a business in the auto industry. Retail and corporate are the main segments within the car rental industry. Retail car rentals focus on individuals who rent cars for shorter periods, while corporate car rental targets companies that want to transport clients or employees.

If you are starting a car rental business in Maldives, target airports, hotels, railway stations, commercial offices, and other high-traffic areas.

Market your business, hire employees who will manage the operations and keep records, and purchase business insurance for both cars and employees.

How Much Can You Make?
$2,000 — $583,333/month
Average Initial Investment
$25,000
Skills

Case Study

We are Taylor Hood and Gretchen Bayless, founders of ROAMERICA. A company that specializes in adventure vehicles, including 4wd campervans.

how-we-started-a-camper-van-rental-business-and-quit-our-full-time-jobs

59. Start a board game business

Creating your own board game can be a fun, challenging and rewarding activity. Games are an integral part of our culture and are played by all walks of life.

You can create a board game from scratch with some basic knowledge of programming, or several hours of practice. Board games are easy to manufacture, can be created from home, and can become very popular and profitable businesses.

How Much Can You Make?
$1,500 — $2,058,333/month
Average Initial Investment
$300
Time To Revenue
210 days
Time Commitment Per Week
Min. 10 hours/week
Skills
Interests
Business model
Work from home

Case Study

Hi! I’m Jamey Stegmaier, and I run Stonemaier Games, a tabletop game company based in St. Louis. We publish strategy games like Wingspan, Scythe, and Viticulture.

Stonemaier Games started with a Kickstarter campaign in 2012 that raised $65,980, and in 2020 our annual revenue eclipsed $18 million. Our latest game, Red Rising, is shown here (photo credit: Tim Chuon).

how-i-started-a-40m-revenue-business-creating-tabletop-games

60. Start a cupcakes shop

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

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

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

Case Study

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

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

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

61. Start a bakery

Baked goods are loved by all be it sweet items like cakes, muffins, and cookies, or savory baked food like pizzas, buns, bread, and puff pastry. Baking takes a lot of effort and patience which is why many people like to buy baked items from stores or restaurants instead of baking them at home.

Starting a bakery can be a rewarding business opportunity if you have a passion for baking. If you plan to start a bakery, consider that happy customers often become repeat customers. Therefore, always focus on quality and work on customer satisfaction.

To start a bakery in Maldives, pick an ideal format. Some options include:

  • Counter-style bakery
  • A hybrid bakery with a cafe,
  • Food truck with a bakery
  • Home bakery.

Write a suitable business plan and choose the correct location.

How Much Can You Make?
$3,750 — $25,000/month
Average Initial Investment
$3,642
Skills

Case Study

Bonjour! My name is Anthony Rosemond. I'm a Parisian chef & founder of Pastreez, an online French bakery.

We’ve sold over 1 million macarons to this date, with only a team of two.

how-this-couple-left-france-to-build-their-american-dream-a-six-figure-online-french-bakery

62. Start an environmental consulting business

Environment consulting business acts as a preeminent impact partner and advisor on sustainability, climate, energy transition, environmental, and social & governance. The consultants work with clients to lead a wave of innovation and economic growth to safeguard the planet and advance sustainability.

Are you passionate about environment conservancy? You can start an environmental consulting business today. To start, you can get into a franchise or partnership with an experienced environmental consultant.

Pat Walls,  Founder of Starter Story
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Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.