22 Lucrative Business Opportunities For MBA Graduates In 2021

22 Lucrative Business Opportunities For MBA Graduates In 2021

Looking to start a business as MBA graduate but not quite sure what to start?



The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.



If you're looking to start your own business as MBA graduate, there are several low-capital options you can choose from.



We put a list together below of the most profitable business ideas for MBA graduates you can start today!



Here they are:



1. Start a life coaching business ($297K/year)

Examples of a successful life coaching business:

Here are some great videos on how to get started with a life coaching business:

For further info, check out these books and products:

Learn more about starting a life coaching business ➜

And for some real world inspiration, give Sinem Günel's story on creating Personal Growth Base a read:

I’m Sinem, 22 years old, based in Vienna, Austria and I’m an entrepreneur, coach, and writer.

On Medium alone, thousands of people are reading my stories about personal growth, self-fulfillment, and productivity every day, totaling more than 350,000 monthly views during strong months.

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

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

2. Start an ecommerce platform ($1.97M/year)

Examples of a successful ecommerce platform:

Here are some great videos on how to get started with a ecommerce platform:

For further info, check out these books and products:

Learn more about starting an ecommerce platform ➜

And for some real world inspiration, give Nick and Angelica's story on creating Romans Tide a read:

My name is Nick and I am the founder of Romans Tide. My business started out selling on eBay in early 2015, by November we moved to Amazon. Our method of selling was 100% arbitrage back then.

By 2017 we did over $1,000,000 in revenue on the Amazon platform. I had no idea what I had gotten into. I had no business experience and had no idea how to manage all this money flowing through the business.

Now we have our own Private Label Products, a couple of wholesale accounts (pursuing more), and a full-scale countrywide Retail Arbitrage operation that generates six figures a month in revenue with 20-25% profit margins.

A lot of people say “you can’t scale Retail Arbitrage”. We prove them wrong on a daily basis.

Nowadays, Romans Tide is becoming more of a distributor for my other product creations and brands. My journey in E-Commerce has had me sell everything from toys and clothes to trampolines and patio sets. We sell to all types of customers so that led me to develop my own brands.

Right now we have:

Java Advisor - Sells coffee, tea, and related products @JavaAdvisor

Mind Your Grind - Started out as my personal blog but is being turned into a sales channel for customers focused on health, fitness, and mindset. @Mind_Your_Grind

RTX (in development) - This is my Sports and Outdoor Brand focused on serving the customers involved in extreme sports. My love for riding waves is what fuels this project

My name is Nick and I am the founder of Romans Tide. My business started out selling on eBay in early 2015, by November we moved to Amazon. Our method of selling was 100% arbitrage back then.

By 2017 we did over $1,000,000 in revenue on the Amazon platform. I had no idea what I had gotten into. I had no business experience and had no idea how to manage all this money flowing through the business.

Now we have our own Private Label Products, a couple of wholesale accounts (pursuing more), and a full-scale countrywide Retail Arbitrage operation that generates six figures a month in revenue with 20-25% profit margins.

A lot of people say “you can’t scale Retail Arbitrage”. We prove them wrong on a daily basis.

Nowadays, Romans Tide is becoming more of a distributor for my other product creations and brands. My journey in E-Commerce has had me sell everything from toys and clothes to trampolines and patio sets. We sell to all types of customers so that led me to develop my own brands.

Right now we have:

Java Advisor - Sells coffee, tea, and related products @JavaAdvisor

Mind Your Grind - Started out as my personal blog but is being turned into a sales channel for customers focused on health, fitness, and mindset. @Mind_Your_Grind

RTX (in development) - This is my Sports and Outdoor Brand focused on serving the customers involved in extreme sports. My love for riding waves is what fuels this project

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

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

3. Start a tutoring business ($1.32M/year)

Examples of a successful tutoring business:

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

For further info, check out these books and products:

Learn more about starting a tutoring business ➜

And for some real world inspiration, give Adam Shlomi's story on creating SoFlo Tutors a read:

Hey everyone! My name is Adam Shlomi and I am a 22-year-old senior at Georgetown University from South Florida. I am the founder of SoFlo SAT Tutoring, an online SAT/ACT tutoring company that provides exceptional test prep to students across the country. I started this business in my bedroom almost a year ago while I was recovering from ankle surgery. I couldn’t walk for 6 months and SoFlo gave me the motivation to get up in the morning.

Hey everyone! My name is Adam Shlomi and I am a 22-year-old senior at Georgetown University from South Florida. I am the founder of SoFlo SAT Tutoring, an online SAT/ACT tutoring company that provides exceptional test prep to students across the country. I started this business in my bedroom almost a year ago while I was recovering from ankle surgery. I couldn’t walk for 6 months and SoFlo gave me the motivation to get up in the morning.

SoFlo currently brings in average revenue of $15,000 a month and has seen a linear increase in student sign-ups each month since its official inception in March 2019. Since our customer lifetime is short –our students study for and take the SAT, get the score they want, and then no longer require our services– we invest in and rely heavily on the quality of the service we provide to attract future customers. Happy customers and significant score increases have helped spread the word and grow the brand.

how-i-started-a-15k-month-sat-tutoring-business-while-in-college

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Adam Shlomi, on starting SoFlo Tutors ($100,000/month) full story ➜

4. Start an email marketing tool ($1.06M/year)

Examples of a successful email marketing tool:

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

For further info, check out these books and products:

Learn more about starting an email marketing tool ➜

And for some real world inspiration, give Chase Dimond's story on creating Boundless Labs a read:

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.

Since starting Boundless Labs 18 months ago, we have driven over $25 million (and growing rapidly) in email attributable revenue for our clients. Most of our clients generate ~30% of their total revenue from our email work. Our 5 highest performing clients are generating 45+% of their total revenue from our email work.

From launching in June of 2018 through the first half of 2019 our “agency” was making $40K per month (fees our clients paid us). The reason I put the agency in quotes is that during our first year in business my business partner and I were just focused on having a great time with no intentions of building a true agency.

Additionally, in my personal life, I got engaged in 2018 and married in June of 2019 so I was very focused and busy with that. Once I got back from my honeymoon at the end of Q2 of 2019, we realized we had a huge opportunity to scale the business. Clients love us as people equally as much as they love our work which has led to a majority of our client acquisition coming from referrals (more to come on this in later sections).

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

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Chase Dimond, on starting Boundless Labs ($157,000/month) full story ➜

5. Start a financial advisor business ($5.89M/year)

Examples of a successful financial advisor business:

Here are some great videos on how to get started with a financial advisor business:

For further info, check out these books and products:

Learn more about starting a financial advisor business ➜

And for some real world inspiration, give Denzel Rodriguez's story on creating Builder To Contributor LLC a read:

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

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

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

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Denzel Rodriguez, on starting Builder To Contributor LLC ($20,000/month) full story ➜

6. Start a debt management and recovery business

Examples of a successful debt management and recovery business:

Here are some great videos on how to get started with a debt management and recovery business:

For further info, check out these books and products:

Learn more about starting a debt management and recovery business ➜

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7. Start a green consulting business

Examples of a successful green consulting business:

Here are some great videos on how to get started with a green consulting business:

For further info, check out these books and products:

Learn more about starting a green consulting business ➜

8. Start a business financing expert business

Examples of a successful business financing expert business:

Here are some great videos on how to get started with a business financing expert business:

For further info, check out these books and products:

Learn more about starting a business financing expert business ➜

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9. Start a market researching business

Examples of a successful market researching business:

Here are some great videos on how to get started with a market researching business:

For further info, check out these books and products:

Learn more about starting a market researching business ➜

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10. Start a SEO business ($95.2K/year)

Examples of a successful SEO business:

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

For further info, check out these books and products:

Learn more about starting a SEO business ➜

And for some real world inspiration, give Md. Yousuf Ali's story on creating Rank Trends a read:

Hi, this is Md. Yousuf Ali and I are the founders of Rank Trends and Khan. I am pleased to introduce myself as an Entrepreneur, SEO expert, web design, and developer. I started my business more than 3 years ago to provide various services in digital marketing and offer quality grocery items.

Also, Rank Trends is the ideal choice for those people who want to build a professional and dynamic website. We build SEO friendly, well navigation and well-looking websites by applying modern technology for boosting online business.

how-i-started-a-6k-month-seo-and-digital-marketing-agency-in-bangladesh

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Md. Yousuf Ali, on starting Rank Trends ($6,000/month) full story ➜

11. Become a public relations rep

Examples of a successful public relations rep:

Here are some great videos on how to get started with a public relations rep:

For further info, check out these books and products:

Learn more about starting a public relations rep ➜

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12. Start a management consulting business

Examples of a successful management consulting business:

Here are some great videos on how to get started with a management consulting business:

For further info, check out these books and products:

Learn more about starting a management consulting business ➜

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13. Become an author ($116K/year)

Examples of a successful author:

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

For further info, check out these books and products:

Learn more about starting an author ➜

And for some real world inspiration, give Nick Thacker's story on creating Nick Thacker a read:

My name is Nick Thacker, and I’m a full-time author of thriller and action-adventure novels. I write in the same genres as Dan Brown, Clive Cussler, James Rollins, and Lee Child, and my main series is about a Yellowstone park ranger named Harvey Bennett. Most of my readers are 45 years old and up, about 50/50 men/women, and the vast majority of my sales come from Amazon (either directly or through Kindle Unlimited, where I’m paid based on pages read).

I started writing back in 2011, but it was never something I thought I could do full-time. I was working a 9-5 job and I eventually realized I was making more by writing than I was at the day job, so I quit. Today, I’m pulling in about $10,000 a month on the low-end, and up to $20,000 during a heavy promotion or launch period.

how-i-generate-10k-month-as-an-indie-writer

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Nick Thacker, on starting Nick Thacker ($14,000/month) full story ➜

14. Start a business plan writing business

Examples of a successful business plan writing business:

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

For further info, check out these books and products:

Learn more about starting a business plan writing business ➜

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15. Start an event planning business ($1.11M/year)

Examples of a successful event planning business:

Here are some great videos on how to get started with a event planning business:

For further info, check out these books and products:

Learn more about starting an event planning business ➜

And for some real world inspiration, give Akshay Patel's story on creating Simply Decor and Events a read:

Hello, I am Akshay Patel from Albuquerque, NM the land of enchantment. I started an event rental and decor company that led me to an event venue. The View Event Center is a lavish space that is an indoor and outdoor event venue with panoramic city views. Our high-end venue with experienced staff will assist from venue decor to the smallest details entailed in making memories of a lifetime. Simply Decor, Tents, and Events ensures exclusive decor and thrives to bring your event to life through customized, elegant decor for all of their clients.

The full-service company will individually work with every client to design their event that will intrigue every eye in the room. Our company is broad that we get many different types of customers and we make many great connections with them as well. The company was making upwards of $380,000 a year.

how-i-started-a-35k-month-event-decor-business

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Akshay Patel, on starting Simply Decor and Events ($35,000/month) full story ➜

16. Start an agricultural consulting business

Examples of a successful agricultural consulting business:

Here are some great videos on how to get started with a agricultural consulting business:

For further info, check out these books and products:

Learn more about starting an agricultural consulting business ➜

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17. Start a business school business

Examples of a successful business school business:

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

For further info, check out these books and products:

Learn more about starting a business school business ➜

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18. Start a business brokerage company

Examples of a successful business brokerage company:

Here are some great videos on how to get started with a business brokerage company:

For further info, check out these books and products:

Learn more about starting a business brokerage company ➜

19. Become a corporate trainer ($195K/year)

Examples of a successful corporate trainer:

Here are some great videos on how to get started with a corporate trainer:

For further info, check out these books and products:

Learn more about starting a corporate trainer ➜

And for some real world inspiration, give Andrew Tarvin's story on creating Humor That Works a read:

I am Andrew Tarvin and I am the world’s first humor engineer (at least according to all the Google searches that I’ve done).

We’ve worked with thousands of people at more than 250 organizations, including Microsoft, the FBI, and the International Association of Canine Professionals.

how-being-the-funny-guy-at-work-turned-into-a-full-time-career

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Andrew Tarvin, on starting Humor That Works ($12,500/month) full story ➜

20. Start a recruiting business ($90K/year)

Examples of a successful recruiting business:

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

For further info, check out these books and products:

Learn more about starting a recruiting business ➜

And for some real world inspiration, give Kingsong Chen's story on creating Techintern.io a read:

Hi, I’m Kingsong, CEO of Techintern.io. We connect startups and tech companies with the best software developer students at colleges across North America like Waterloo, Harvard, Berkeley, and more. We work with startups to hire really strong and motivated technical interns, many of who have experience at top companies like Google or Facebook.

We also work with larger tech companies that are interested in diversifying their talent pipeline to hire diverse technical interns from smaller colleges and diverse student groups.

We’ve worked with companies like Afterpay, Zumper, and Yugabyte and recently achieved #1 Product of the Day and #2 Product of the Week on Product Hunt.

making-15k-month-connecting-interns-with-companies-looking-for-talent

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Kingsong Chen, on starting Techintern.io ($15,000/month) full story ➜

21. Start an asset management business

Examples of a successful asset management business:

Here are some great videos on how to get started with a asset management business:

For further info, check out these books and products:

Learn more about starting an asset management business ➜

22. Start a crowdfunding consulting business

Examples of a successful crowdfunding consulting business:

Here are some great videos on how to get started with a crowdfunding consulting business:

For further info, check out these books and products:

Learn more about starting a crowdfunding consulting business ➜

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Pat Walls,  Founder of Starter Story

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