Business Ideas For Millenials [2024]

Are you a Millennial with a passion for starting your own business? In today's fast-paced world, there are countless opportunities for you to turn your ideas into reality. From tech-savvy startups to small local ventures, the possibilities are endless.

This article outlines 44 business ideas specifically curated for Millennials looking to take the plunge in 2024. Whether you're considering a side hustle or a full-time commitment, you'll find practical and adaptable options suited to your strengths and interests.

Dive into this list to discover how you could begin your entrepreneurial journey today. These ideas range from low-investment online businesses to more hands-on enterprises, offering something for every aspiring entrepreneur.

For each business idea, we'll show you real-world examples of other millenial businesses to help you see what it takes.

Here's the full list:

1. Start a podcast ($97.9K/month)

As a Millennial, starting a podcast is a modern, flexible way to express your passions, share knowledge, and connect with a community. It allows you to produce content on topics that fascinate you, ranging from lifestyle to technology, while also creating a potential income stream through sponsorships and advertisements. With essential tools such as a microphone and headphones and the availability of affordable podcast hosting services, starting a podcast business is both accessible and scalable. Read more about the profitability of podcasts here.

Why start a podcast?

• You could reach a global audience and build a community around your passions.
• It's a flexible side hustle that fits into any busy schedule, especially beneficial for those juggling multiple responsibilities.
• There's significant potential to monetize through ads, sponsorships, and even listener donations.

2. Start a niche website ($107K/month)

Looking for a focused online business that offers both creative freedom and potential revenue? Consider building a niche website. A niche website centers around a specialized topic, serving a dedicated audience with targeted content and products. Whether through affiliate marketing, ad placements, or selling digital products, your specialized content can generate income.

Starting this venture involves selecting a niche you're passionate about and knowledgeable in, creating compelling content, and driving traffic to your site. Once established, a niche website can become a reliable source of passive income. If you've got a specific interest and the drive to dive deep, building a niche website could be your next rewarding project.

Why start a niche website?

• It allows you to focus on a passion, turning your interests into profit.
• You can create passive income streams, reducing the need for constant daily work.
• There's minimal upfront cost, making it manageable alongside other commitments.

Discover success stories from entrepreneurs who have thrived with niche websites here.

3. Start a subscription box business ($97.9K/month)

Starting a subscription box business could be an excellent entrepreneurial venture for Millenials. Subscription boxes provide a steady monthly income by offering niche products that can attract and retain dedicated customers. With high demand for curated, exclusive items, this business model is highly profitable and scalable.

It's essential to understand your niche market, offer quality products, and develop a memorable unboxing experience. Building strong relationships with fulfillment companies and investing in effective marketing will ensure your subscription box stands out.

Why start a subscription box business?

• Leverage your passion and knowledge. As a Millenial, you could curate boxes based on your interests and expertise, tapping into unique and growing markets.
• Opportunity for recurring revenue. Subscription models provide a predictable income stream, helping to stabilize your cash flow.
• Simplify the customer experience. Offer convenience and exclusivity that customers crave, fostering loyalty and building a strong brand community.

4. Start a social media automation business ($139K/month)

Imagine managing multiple social media accounts effortlessly while driving engagement and growth. That’s the essence of a social media automation business. In simple terms, this involves creating tools and services to schedule posts, automate interactions, and analyze data across various platforms. Your clients—from small businesses to influencers—pay you to save them time and enhance their social media presence.

With the burgeoning need for consistent and strategic social media engagement, there’s a significant demand for automation. The real work involves developing or integrating software solutions, staying updated on social media trends, and building relationships with clients to tailor services to their needs. For those with a knack for technology and marketing, starting a social media automation business can be both a lucrative and fulfilling endeavor.

Why starting a social media automation business?

• Growing need for efficient online presence. Businesses and influencers need to maintain consistent engagement.
• Technology-focused business. Perfect for Millennials who are tech-savvy and innovative.
• Opportunities to work with diverse clients. From small businesses to influencers, each client presents unique challenges and rewards.

For more information on startup costs or to see success stories, visit Starter Story social media automation business ideas.

5. Start a dropshipping business ($414K/month)

Starting a dropshipping business could be a smart move as a Millennial because it offers a flexible and low-risk way to dive into the ecommerce world. With no need to hold inventory, you can focus on marketing and customer service to scale your business. Platforms like Shopify and WooCommerce make it simple to set up your store, while suppliers from AliExpress provide a wide range of products to choose from. This model allows you to manage your business from anywhere, making it perfect for those who value flexibility and mobility.

For more insights, check out these dropshipping success stories.

Why consider starting a dropshipping business?

• It’s cost-effective—you don’t need to invest in inventory upfront.
• You have the freedom to manage and scale your business from anywhere.
• The barrier to entry is low, making it an ideal venture to start as a side hustle or full-time business.

6. Start a dollhouse products

If you're a Millennial looking for a unique and creative business idea, consider starting a dollhouse products business. This venture involves creating or sourcing miniature furniture, decorations, and accessories that cater to both collectors and children who are passionate about their tiny worlds. With the rising popularity of DIY hobbies and nostalgic collectibles, this could be a niche yet growing market that aligns with your entrepreneurial spirit.

Why start a dollhouse products business?

• Blend creativity and commerce: Turn your artistic skills into a profitable venture by designing intricate dollhouse items.
• Growing niche market: Capitalize on the increasing interest in DIY hobbies and nostalgic collectibles.
• Flexible selling platforms: Reach your audience through online stores, craft fairs, or specialty shops, maximizing your exposure and sales.

For more detailed insights, check out our comprehensive guide on the pros and cons of starting a dollhouse products business.

7. Start a health and wellness app ($108K/month)

As a Millennial, starting a health and wellness app is an exceptional way to merge your passion for tech and well-being into a lucrative side hustle or full-fledged business. By developing an app that offers personalized fitness routines, nutrition plans, and mental well-being exercises, you could create a virtual coach in your pocket, providing expert advice at the user's fingertips. This is not only a great opportunity to tap into a rapidly growing market but also to make a meaningful impact on people's lives by helping them achieve their health goals.

Creating this app involves thorough market research, collaboration with health experts, app development, and effective marketing strategies. But if you're passionate about health and technology, this venture could be your path to both business success and personal fulfillment. For more insights, check out some success stories of health and wellness apps.

Why start a health and wellness app?

• The wellbeing industry is booming, offering a huge market with a growing user base.
• Personalized apps can foster a strong and loyal community around your brand, increasing user retention.
• The ability to positively impact lives while building a profitable business creates a sense of fulfillment and purpose.

8. Start a wordpress plugin business ($33.4K/month)

Starting a WordPress plugin business could be an ideal venture for entrepreneurial-minded Millennials, given their tech-savviness and the growing reliance on digital platforms. WordPress powers over one-third of websites globally, and plugins are essential for these sites to run effectively. By identifying a common problem or need and developing a plugin to address it, you could not only earn a steady income but also contribute significantly to the online ecosystem. Plus, platforms like CodeCanyon offer excellent avenues for selling your plugins.

Explore WordPress plugin business success stories here.

Why start a WordPress plugin business?

• The demand is high, with millions of websites relying on plugins for functionality and maintenance.
• You could leverage your technical skills to create meaningful solutions, making a positive impact while generating income.
• Platforms for selling and promoting your plugins are well-established, simplifying the monetization process.

9. Start a YouTube channel ($72.1K/month)

Starting a YouTube channel could make perfect sense for entrepreneurial-minded Millennials. Whether you have a talent for creating engaging video content or a passion you want to share with the world, YouTube lets you transform these interests into a viable side hustle or even a full-fledged business. With monetization options like ads, sponsorships, and merchandise, you could turn your hobby into the next big thing.

Building a successful YouTube channel requires consistency and quality, as well as a good understanding of SEO and social media marketing to drive traction. Despite the hard work, the possibility of financial reward and the flexibility to share your unique voice make it a compelling enterprise. Explore our profitability guide for YouTube channels to see what’s possible.

Why starting a YouTube channel?

• Low startup costs make it easy to get started, even on a budget.
• You’ll engage with a global audience, building a community around your shared interests and passions.
• The potential for revenue through multiple streams, such as ads and sponsorships, offers financial flexibility and growth.

10. Start an affiliate marketing business ($77.5K/month)

Starting an affiliate marketing business is an ideal venture for Millennials looking to supplement their income or build a full-time online business. It offers the flexibility to work from anywhere and the potential to earn a passive income by promoting products and services you believe in. By partnering with the right brands and utilizing your social media skills, you could transform your digital presence into a revenue-generating business without needing significant upfront investment.

Why pursue affiliate marketing?

• It provides a source of passive income, allowing you to earn money even while you sleep.
• You can leverage your existing social media presence and digital marketing skills to promote products and earn commissions.
• It offers flexibility and freedom to work from anywhere, fitting seamlessly into a Millennial’s lifestyle.

Ready to explore the possibilities? Check out some success stories in affiliate marketing for more inspiration.

11. Start a niche blog ($31.5K/month)

Starting a niche blog can be an excellent way for Millennials to engage with a passionate online community while sharing their expertise on a specific topic. By focusing on a unique and underserved niche—from fashion and video games to film reviews and cooking—you could carve out a space to create unique and informative content. This not only allows you to build a loyal following but also opens up various avenues for monetization, including affiliate marketing, brand partnerships, and even YouTube channel growth.

Why start a niche blog?

• Flexibility and autonomy: You could work on your blog at your own pace, offering a flexible side hustle or even a full-time gig that fits your lifestyle.
• Engage with like-minded individuals: Building a community around your niche passion allows you to connect and interact with people who share your interests.
• Multiple revenue streams: From affiliate links to brand collaborations, a niche blog provides various ways to generate income, making it a lucrative business opportunity.

For ideas, tips, and success stories, check out Starter Story's niche blog section.

12. Develop a lead generation tool ($108K/month)

Starting a lead generation tool as a Millennial could be an innovative and profitable way to tap into the burgeoning demand for efficient customer acquisition solutions. Automating the laborious process of finding new clients allows businesses to focus more on conversions, making it an invaluable service in today's digital age. With your tech-savviness and marketing insight, developing such a tool could offer a dynamic avenue for side income or even evolve into a full-fledged business.

Why developing a lead generation tool?

• The demand is high as businesses of all sizes urgently need streamlined ways to grow their customer base.
• Your tool can integrate seamlessly with websites, social media channels, and other digital touchpoints to collect valuable leads.
• Automating the lead capture process frees businesses to concentrate on what they do best—converting leads into loyal customers.

Check out these startup costs associated with developing a lead generation tool for a more detailed breakdown.

13. Start a stock photography business ($14.6K/month)

Starting a stock photography business could be an ideal way for Millenials to supplement their income or even launch a full-fledged business. With the growing demand for visual content in digital marketing, website design, and social media, your high-quality stock photos could find numerous buyers. Plus, this venture allows you to build a passive income stream by continually earning from images you upload once.

Why start a stock photography business?

• Flexible work hours: You could fit photography around your existing commitments, making it a perfect side hustle.
• Passive income potential: Once your photos are uploaded, you could earn royalties repeatedly without extra effort.
• Market demand: Businesses constantly need fresh, high-quality photos for marketing, giving you a broad customer base.

Learn more about the potential of a stock photography business on Starter Story here.

14. Start an email marketing tool ($235K/month)

As a Millennial, starting an email marketing tool could be your gateway to tapping into one of the most effective and high-demand marketing channels today. With the global email marketing tool market expected to reach $2.53 billion by 2028, you have a lucrative opportunity to create a tool that can cater to the growing needs of entrepreneurs, startups, and businesses of all sizes. This venture not only allows you to utilize your tech-savviness but also lets you provide a valuable service that enhances other businesses' marketing efforts.

Why start an email marketing tool?

• The email marketing industry is booming, presenting a promising market with immense growth potential.
• As a digital native, you have the skills and knowledge to innovate and offer unique solutions in email marketing.
• You could generate a consistent and scalable income stream by helping businesses improve their reach and customer engagement.

For more insights on starting an email marketing tool, check out these success stories and profitability breakdowns on Starter Story.

15. Start an online course sales business ($85K/month)

Starting an online course sales business could be a fantastic opportunity for Millenials, combining the digital savviness typical of our generation with a flexible income stream. By leveraging your unique skills—from coding and web design to music or cooking—you could create an online course that appeals to a targeted audience. The e-learning market is booming, projected to be worth over $645 billion in the coming years, making now an ideal time to get involved.

All you need is to identify your niche, create high-quality content, and choose a reliable online learning platform to market and sell your courses.

Why consider starting an online course sales business?

• The e-learning industry is rapidly growing, promising substantial market opportunities.
• You could turn your expertise and passions into recurring, passive income streams.
• With initial effort, you could create long-lasting content generating income over years.

16. Create a mobile app ($70.3K/month)

If you’ve ever had a bright idea that you thought could change the world, making it into a mobile app might be just the avenue to explore. As a Millenial, you are at the prime age to leverage your tech-savvy nature and innovative mindset to create an impactful mobile application. From E-commerce solutions and fitness trackers to engaging games and productivity tools, launching your own mobile app could be the start of a profitable business venture or an excellent side hustle.

Creating a mobile app requires a clear vision, basic coding skills, or the ability to hire a skilled developer. Your tasks will range from planning the user experience and designing intuitive interfaces to thoroughly testing for functionality and bugs. Marketing the app effectively will also be crucial to attract users and achieve downloads, ensuring the success of your venture.

Why consider creating a mobile app?

• Mobile apps are integral to daily life, offering limitless opportunities for innovation.
• Once developed, mobile apps can generate substantial, continuous revenue with the right strategy.
• Leveraging your tech-savvy skills as a Millenial, you could turn a simple idea into a game-changing application.

For more insights and success stories, check out this page on mobile app business ideas.

17. Start an ai based business solution ($55.8K/month)

Harnessing the power of artificial intelligence (AI) for business solutions is a game-changer for Millenials looking to supplement their income, make extra money, or start a side business. AI can streamline operations by automating repetitive tasks, providing valuable customer insights, and predicting market trends with impressive accuracy. The best part? You don’t need a tech background—many platforms offer user-friendly interfaces and robust support.

The demand for AI solutions is rapidly growing as businesses seek to gain a competitive edge. Through careful planning and focusing on high-impact areas, launching an AI-based business solution could lead to substantial benefits and growth opportunities. Learn more about the potential profitability of an AI-based business.

Why start an AI-based business solution?

• AI can significantly enhance efficiency and reduce costs through automation.
• It requires minimal technical expertise, thanks to user-friendly AI platforms and extensive support.
• There is a growing market demand, providing ample opportunities to innovate and capture business performance gains.

18. Start a cold email service business ($170K/month)

Starting a cold email service business is a strategic and scalable opportunity for entrepreneurial Millennials. With your knack for writing compelling emails and a familiarity with marketing tools, you could help businesses reach new clients directly and efficiently. This business leverages both creative and analytical skills, making it a dynamic venture that can adapt and grow with your success stories.

Why consider a cold email service business?

• There’s a constant demand for lead generation services as businesses seek new clients.
• It provides a balance of creative writing and analytical performance tracking.
• The potential for scaling means you could start small and expand your client base significantly.

Looking for more insights? Check out success stories at Starter Story for inspiration here.

19. Create an AI writing tool ($255K/month)

In the ever-evolving world of technology, creating an AI writing tool offers a compelling opportunity for Millennial entrepreneurs. This venture encapsulates the rapid advancements in artificial intelligence, aiming to revolutionize content creation for businesses, bloggers, and students. By developing a digital tool that generates accurate and engaging content, you could greatly enhance productivity and efficiency for content creators worldwide, all while tapping into a heavily demanded market.

Embedding AI into the writing process brings numerous advantages over traditional methods. These tools can produce automated, error-free content in seconds, significantly reducing the need for constant human intervention and drastically saving time. As more industries and individuals seek streamlined solutions to manage their daily tasks, an AI writing tool stands out as a lucrative business idea for the forward-thinking Millennial entrepreneur.

Why start an AI writing tool business?

• Capitalize on innovation: AI writing tools represent a future-focused industry with growing demand.
• Streamlined content creation: Offer a faster, error-free alternative to traditional writing, increasing productivity for users.
• Market demand: Address market needs for quality content, making life easier for businesses, bloggers, and students.

For more inspiration on starting an AI writing tool business, check out this Starter Story page showcasing success stories in the AI writing tool industry.

20. Develop an online survey tool ($304K/month)

Starting an online survey tool is a smart business idea for Millennials interested in entrepreneurship. As businesses increasingly rely on customer data to make informed decisions, offering a convenient, cost-effective tool for data collection is a valuable proposition. You could leverage existing platforms or develop a unique solution that caters to specific market needs, capitalizing on this expanding industry.

Why consider developing an online survey tool?

• Growing demand for customer data. More businesses are adopting online surveys, increasing the need for efficient tools.
• Low startup costs. Digital products often have lower initial expenses compared to physical goods or brick-and-mortar ventures.
• Recurring revenue potential. Subscription-based models allow for predictable income streams as clients return for continued usage.

For more insights and success stories, check out how others have prospered in the online survey tool market here.

21. Start an ecommerce reselling business ($83.3K/month)

Starting an ecommerce reselling business could be a smart move for Millenials, offering a way to diversify income streams without the need for significant upfront investment. You could leverage social media platforms to kickstart your business quickly, saving the creation of a dedicated e-commerce website for later, as your venture grows. This makes it easier to test different products and refine your business model in real-time, adapting swiftly to market demands.

Why start an ecommerce reselling business?

• Minimal startup costs: You don't need to worry about production expenses or immediate website development.
• Flexibility and scalability: Begin with social media and grow at your own pace, creating a business that suits your lifestyle.
• Access to a broad market: With social media marketing, you could reach a vast audience and turn followers into customers.

For more insights, check out these success stories from ecommerce reselling businesses.

22. Start a niche investment platform ($167K/month)

Starting a niche investment platform is a strategic move for Millenials looking to leverage modern technology to address the increasing demand for alternative asset classes. This business opportunity allows you to create a transparent and specialized trading ecosystem, catering to investors interested in collectibles, cryptocurrencies, real estate, or even athletic prospects. By providing flexible portfolio options, exclusive user bases, and generating recurring revenue through transaction fees and premium subscriptions, you can offer valuable diversification options to passionate brokers and traders.

Why consider a niche investment platform?

• You could tap into a growing market of investors looking for alternatives amid volatile stock markets.
• You could build a loyal and exclusive user base through tailored investment options and personalized experiences.
• You could generate recurring revenue with transaction fees and premium subscriptions, ensuring a steady income stream.

For more insights, check out some success stories within the niche investment platform sector on Starter Story.

23. Start a real estate investment firm ($398K/month)

Starting a real estate investment firm offers a compelling opportunity for entrepreneurial-minded Millennials to build wealth and achieve financial independence. This business involves buying, managing, and selling real estate assets to generate profit, relying on skills such as market research, strategic planning, and property management. The real estate market's profit potential, combined with the steady income from rental properties, makes this an attractive venture for those passionate about real estate and adept at identifying valuable properties.

Why consider starting a real estate investment firm?

• The real estate market can yield significant financial returns through property appreciation and rental income.
• You could diversify your investment portfolio, creating a balanced mix of short-term gains and long-term wealth.
• Successful real estate ventures can provide financial stability, empowering you to pursue further entrepreneurial dreams.

For more insights and success stories, visit Starter Story's real estate investment firm section.

24. Start a stock investing business ($30.3K/month)

Starting a stock investing business as a Millennial makes sense given the increasing accessibility of financial markets and the abundance of educational resources available. Leveraging technological advancements and mobile trading platforms, you could turn your financial acumen into a profitable venture, whether you're investing part-time or as a full-fledged business. This entrepreneurial path not only has the potential for high returns but also allows you to take control of your financial future by developing a diversified investment portfolio.

Why start a stock investing business?

• The digital era offers advanced tools and platforms for easy and efficient trading right from your smartphone.
• With dedication and continuous learning, you could capitalize on market trends and maximize your returns.
• A stock investing business provides the flexibility to work remotely and make informed decisions at your own pace.

25. Print on demand business ($411K/month)

Starting a print-on-demand business can be an ideal venture for Millenials looking to supplement their income, make extra money, or launch a full-fledged business. This model allows you to sell customized products, such as apparel and home goods, without the need for upfront inventory costs or the hassle of managing stock. By using platforms like Amazon, eBay, and Etsy, you could leverage your creativity to design unique items and reach a global audience, all while maintaining the freedom to operate from the comfort of your home.

Why start a print-on-demand business?

• Minimal startup costs: No need for initial inventory investments, making it accessible for budding entrepreneurs.
• Scalable and flexible: Easily manage and grow your business at your own pace, fitting it around your existing commitments and lifestyle.
• Global reach: Online marketplaces allow you to tap into a worldwide customer base without geographical limitations.

For more insights into the profitability and success stories, you can check out detailed information on this Starter Story page.

26. Start a SEO & lead generation service ($60K/month)

As a Millennial looking to supplement your income, starting an SEO and lead generation service could be a smart and lucrative move. This business allows you to leverage your digital skills to help companies attract prospects and transform them into loyal customers. By mastering SEO and lead generation, you could become an invaluable asset to businesses seeking to boost their online presence and revenue.

To become proficient, you'll need to learn the fundamentals of lead generation and gain hands-on experience in digital marketing. This entrepreneurial path not only provides financial opportunities but also lets you exercise creativity and strategic thinking in a growing digital landscape. Discover how profitable this side business can be.

Why start an SEO & lead generation service?

• The digital marketing industry is booming, with increasing demand for SEO and lead generation expertise.
• This side business offers flexible work hours, allowing you to balance it with a full-time job or other commitments.
• Minimal startup costs and the potential for high profits make it an attractive venture for entrepreneurial-minded Millennials.

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163 Million Dollar Solopreneur Business Ideas

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163 Million Dollar Solopreneur Business Ideas

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163 Million Dollar Solopreneur Business Ideas

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

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