The 73 Best Business Ideas To Start In Nigeria [2022]

The 73 Best Business Ideas To Start In Nigeria [2022]

Interested in starting a business in Nigeria in 2022?

We put together 73 of the best businesses you can start in Nigeria today.

In this list of ideas, you can find:

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

Here's the full list:

1. Start a marketing agency ($587K/month)

Marketing agencies can be a great option for businesses looking to advertise in different ways. For businesses, hiring a marketing company can help them achieve success as they don't have to spend money on employees or needed equipment. Marketing agencies are not inexpensive and there are many different variables that come into play when deciding which one is the best fit for your business.

You want to start a marketing agency, but don't know where to begin. You're not alone, there are thousands of entrepreneurs across the globe that have the same ambition. Luckily for you, compiled a list of how other agencies were able to grow their agency and scale effectively.

How Much Can You Make?
$1,300 — $8,500,000/month
Average Initial Investment
$29,754
Time To Revenue
330 days

Case Study

My parents told me that my name is Emenike Emmanuel. I’m the CEO of Entrepreneur Business Blog. In 2018, I was recognized as one of the top 100 social media marketing influencer to follow in 2019.

Currently, EntrepreneurBusinessBlog.com generates a monthly revenue of $1,500+ from those income sources I listed above.

how-a-young-entrepreneur-from-nigeria-started-a-profitable-blog

2. Start a custom prints business ($635K/month)

Custom print businesses often focus on printing everything including business cards, photos, and even custom T-shirts.

To start an online custom prints business, choose a niche that will help your business stand out and attract the right target audience. Then, focus on producing quality prints of different sizes, materials, and designs. You may hire designers online or search for designs in online design communities. Then, validate the designs before you begin mass production. Finally, set up an online store, and launch the business.

Remember that with the growth in popularity of selling custom prints, expect to face stiff competition. Therefore, you ought to market your custom prints on social media to maximize your reach.

How Much Can You Make?
$3,700 — $3,000,000/month
Average Initial Investment
$135,000
Skills

Case Study

My name is Olawale Awani, I started an online printing business to help small businesses have access to professional design and print services using a technology platform (website and social media accounts). The primary products and services are customized printed products, marketing materials, and promotional items.

We currently service about 5,000 active customers with an average $25,000 monthly revenue and a net profit of 20% margin. We have a monthly order fulfillment of about 500 orders monthly with 10 employees and about two dedicated to phone support.

how-i-started-a-25k-month-online-printing-business-in-nigeria

3. Start a niche investment platform ($179K/month)

How Much Can You Make?
Average Initial Investment
$3,000
Skills

Case Study

I’m Joe Mahavuthivanij and I’m the co-founder and CEO of Mythic Markets. Mythic Markets is an investing platform that turns high-value, geeky assets like vintage comics, collectible cards, fantasy art, and e-sports teams, into stocks that almost anybody can buy.

how-we-raised-2-25m-to-build-an-investment-platform-for-pop-culture-collectibles

4. Start a barber shop ($125K/month)

How Much Can You Make?
$125,000/month
Average Initial Investment
$500,000
Time To Revenue
300 days
Skills
Business model

Case Study

My name is Antonio Camilleri, an old school barber from Malta (Europe), I have been working as a barber for over 18 years. Started as an apprentice for the first 2 years and moving to the UK to further my studies, opened Antonio’s Barber Shop in Leister, UK for 5 years, and during that period I have traveled to the Netherlands to further improve my barbering skills.

We have an annual turnover of 1.5 million euros from 3 different revenue streams. One revenue stream is coming directly from the servicing itself, the second is from sales of products, and thirdly from the barbering academy.

how-i-started-a-125k-barber-shop-beard-grooming-brand-and-barbering-academy

5. Start an exterior home cleaning service ($20K/month)

How Much Can You Make?
$20,000 — $60,000/month
Average Initial Investment
$50,000
Time To Revenue
270 days
Skills
Business model

Case Study

Hi, my name is Nicholas Ciano, I own an exterior home cleaning company called Go Green Cleaning & Maintenance in Walnut Creek, CA. We take pride in customer service and five-star performance.

I started this company 4 years ago on the idea that I wanted to work for myself and provide for my growing family. We specialize in gutter cleaning, solar panel cleaning, exterior window cleaning, deck restoration, cement, and paver sealing. We average about $20,000/month.

how-i-started-a-20k-month-exterior-home-cleaning-service-company

6. Start an art business ($67K/month)

If you have a passion for art, starting an art business can be a great idea.

You'll be able to work on your own schedule, set your own prices, and do something you love—while supporting yourself or even making money!

There are so many different avenues available to you as an artist-entrepreneur right now—from selling your work online (on sites like Etsy), through galleries or museums, or even at craft fairs and flea markets.

How Much Can You Make?
$876 — $738,000/month
Average Initial Investment
$29,336
Time To Revenue
210 days
Skills
Business model

Case Study

I’m Sarah, an artist from Plano Texas and living out my life long dream of being an artist. I am a stay at home mom to two; my oldest Elijah is 17 months and youngest Skyla is 4 months old. My husband is also an entrepreneur, so our schedules are pretty flexible and our children get to grow up seeing us both pursue our passions.

I am most proud of how my art allows for a connection with the buyer. To me, it’s more meaningful to know the artist and their process than purchasing a piece of art in a retail store or gallery.

how-i-turned-my-hobby-for-painting-into-a-successful-art-business

7. Start a screen printing business ($44K/month)

How Much Can You Make?
$8,000 — $83,333/month
Skills
Business model

Case Study

Hello! My name is Adam Tanaka and I own a company called Life and Limb Printing. We are a screen printing and full-service merch company that specializes in merch production for breweries, outdoor clothing companies, and restaurants with a little bit of everything else sprinkled in.

Since officially launching the business in 2010, we had our best month last year in October 2018 at $80,000 and now we are set to hit 1M by the end of 2019.

from-scrubbing-floors-to-running-a-1m-screen-printing-business

8. Start a shipping company ($20K/month)

A shipping company can be a great business to start. You can get the support and training that you need to run a successful small business. You may already have some of the resources at hand. This could include what you need to transport goods and a vehicle or two that you can use to get these materials from point X to point Y.

Shipping is a crowded industry. Starting your own shipping company isn't as hard as it used to be. With the explosion in eCommerce, there's an increasing demand for small package shipping. Becoming a shipping company entrepreneur has its rewards. Shipping is an area where there's a lot of potentials to earn bounties, it serves as a good source of income.

How Much Can You Make?
$20,000 — $150,000/month
Average Initial Investment
$55,000
Skills

Case Study

Hi! I’m Dvir and I run Nationwide Auto Transportation. NAT is an auto shipping broker, which means that we connect consumers in need of car shipping services with truckers who transport vehicles across the United States.

Since the inception of our company 12 years ago, we have served more than 50,000 customers - many multiple times. We ship approximately 4,000 vehicles per month.

how-i-started-a-20k-month-auto-shipping-broker-business

9. Start a woodworking business ($14.2K/month)

While many see woodworking as a hobby to pass the time, it is a profitable blue-collar business with growth potential. If you are skilled, passionate, and looking for a blue-collar side hustle, consider starting a woodworking business.

Starting a woodworking business allows you to work from home. Besides, you can scale the business easily and enjoy unlimited earning potential. Some opportunities you can go for include building custom wood pieces, teaching others about woodworking, starting a woodworking blog, and flip furniture.

How Much Can You Make?
$1,000 — $166,000/month
Average Initial Investment
$17,833
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

My name is Sasha Weekes and I’m the 25 years old owner of Timber Grove Studios. Our home-based woodshop is nestled in the hills of PEI’s countryside, and we specialize in decorative shelving and home decor with a focus on minimalist design and simplicity. Each piece is made to order with 20+ color options, meaning it will be the perfect fit for each customer's space. We ship Canada and U.S. wide.

Moving twice in two years has definitely caused organizational, financial and opportunity hiccups, but the business has grown steadily regardless so we’re very excited about where 2020 will take us. We’ve learned what to focus on during which months, as revenue can range anywhere from $2000 during slow months to $10,000 during high months. Net profit has run anywhere between 20-50% throughout the life of the business and varies month to month. It’s closer to 20% right now as we’ve been spending all we can on new tools and materials for our new larger products and our Christmas stock.

how-i-took-my-woodworking-hobby-full-time-to-build-a-successful-brand

10. Start an online jewelry store ($297K/month)

Starting an online jewelry store can be a lucrative and engaging business. The online jewelry store industry has been growing rapidly. More and more people are buying cheaper jewelry online because it is easier and has a much larger selection.

The United States jewelry market was valued at about $76B in 2020. Diamond jewelry is the most valuable jewelry market in the United States. Starting an online jewelry store can be extremely profitable. But to do this, you need a great e-commerce platform.

How Much Can You Make?
$1,000 — $500,000/month
Average Initial Investment
$37,500
Time To Revenue
300 days
Skills
Business model

Case Study

I am Nikolay Piriankov, the Founder and CEO of Taylor & Hart. We are an award-winning, disruptive e-tailer of custom-designed, ethical engagement rings, wedding rings, and fine jewellery, that capture your story. Our online platform, processes, and brand democratises bespoke jewellery, allowing us to offer this service at scale. Taylor & Hart's vision is to reconnect customers with the original purpose of jewellery - a personalised product that tells a unique story.

Recently we closed a seed round of £1M. The London based Garage Soho, an early stage investor and brand builder also supported us in the last round.

starting-and-growing-a-jewelry-business-to-4-6m-year

11. Start an affiliate marketing business ($290K/month)

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.

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
$51,285
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

12. Start a mobile photography ($40.1K/month)

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 Nigeria, 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

13. Start a graphic design business ($43.8K/month)

Graphic designers create logos, brochures, ads, and other marketing materials for companies and organizations. They also design websites and other digital content, including social media graphics.

Graphic designers may specialize in one type of design (such as print or web design), or they can be generalists who do everything from logo design to social media graphics.

Starting a graphic design business can be one of the most rewarding things you'll ever do. It's not easy, but if you're passionate about design and want to make a living from it, starting your own graphic design business is a great way to go.

When you are starting a graphic design business in Nigeria, consider a suitable pricing structure. You may charge the customers per hour or fixed pricing based on the project's nature.

How Much Can You Make?
$4,000 — $1,000,000/month
Average Initial Investment
$165,502
Time To Revenue
300 days
Business model

Case Study

There are so many project examples but an interesting one in the early years was a portable vacuum to clean up dog poop when you walk your day. It was called the “Vacapoo”

how-i-left-my-job-to-start-a-9k-month-cad-design-business

14. Start an event planning business ($92.5K/month)

How Much Can You Make?
$35,000 — $400,000/month
Average Initial Investment
$19,725
Time To Revenue
240 days
Skills
Business model

Case Study

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

15. Start a catering business ($20K/month)

A catering business is a company that provides food and other services to events.

Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing, and can even work 24/7. They can cater anywhere and offer any price point that they want.

If you want to start a successful catering business in Nigeria, you'll need to plan and prepare menus, manage budgets, handle clients, and more. Catering also allows you to meet more people and show off your cooking skills.

How Much Can You Make?
$3,750 — $20,000/month
Average Initial Investment
$500
Time To Revenue
180 days
Skills
Business model

Case Study

Hi, my name is Nestor Nidome and I am the founder and owner of Elegante Catering. Serving the Inland Empire (San Bernardino and Riverside county) and now have expanded to serve all of Southern California. Our customers, mostly higher middle class, have enjoyed our delicious menu ranging from full service plated meals, made to order pasta bars to buffet-style menus such as Mexican fajitas bar and tacos.

Weddings because there is no higher compliment than to have the bride and groom come up to us complimenting us and letting us know how all their guests are raving about the food. As for corporate caterings we like to make it as simple as possible for them. We have 12 different menus they can choose from so that every month their employees enjoy a different menu. Plus once we have their information all they have to do is text us the Date, Menu, and Time they want. We understand that they have better, more important things to do than order food. This has allowed us to grow our monthly sales to $20,000.

how-i-found-success-with-a-20k-month-catering-company-after-starting-many-businesses

16. Start a content writing company ($30.2K/month)

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 Nigeria, 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?
$1,200 — $250,000/month
Average Initial Investment
$3,697
Time To Revenue
300 days
Skills
Business model

Case Study

My name is Igbo Clifford Chimaizuobi, and I launched Information Guide Africa with my twin, Igbo Stanford Onyemaizuchi.

On the sponsored posts, make your contact page very accessible and people will be able to reach out to you through them for sponsored posts offers.

these-twin-brothers-mastered-seo-and-created-a-60k-year-african-information-blog

17. Start a waste management business ($100K/month)

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, businesses 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 in this industry.

How Much Can You Make?
$4,000 — $100,000/month
Average Initial Investment
$2,175,000
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

18. Start a digital marketing business ($195K/month)

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 Nigeria, 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?
$1,500 — $800,000/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

19. Become a mobile personal trainer ($30K/month)

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 Nigeria.

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

How Much Can You Make?
$20,000 — $100,000/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

20. Start an online advertising agency ($410K/month)

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?
$10,000 — $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

21. Become a temporary tattoo artist ($1K/month)

Starting a tattoo business is not as difficult as you might think. If you have the talent, ability, and guts, you already have the most important qualities for starting your own tattoo company.  Tattoo Artists in the US Market Size in 2022 is $1.4B.

The tattooing business is profitable and popular and it is one of the most rewarding careers that you can have. However, becoming a tattoo artist in Nigeria requires a huge amount of commitment and hard work.

Tattoo shops have strict standards for artists who work in shops, so to have an ideal career as an artist, you might have to go the freelance route. It can be a short-term or long-term career which means you must be prepared before you take on such a responsibility. It won't come with a million-dollar salary at first, but once you've developed a good reputation and have completed enough work, the money will start rolling in.

How Much Can You Make?
Average Initial Investment
$100
Time To Revenue
240 days
Skills
Business model
Work from home

Case Study

Over the last 12 months, we’ve expanded our products to include two tattoo designs in six colors, swimsuits, and clothing, all with the unifying “mermaid scale” theme. These last six months we’ve averaged about $1,000/month in mostly passive income.

how-i-started-a-passive-income-business-while-living-out-of-a-van

22. Start a recruiting agency ($270K/month)

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 — $500,000/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

23. Start a media company ($25.7K/month)

How Much Can You Make?
$150 — $78,833,333/month
Average Initial Investment
$14,787
Skills

Case Study
  • The most comprehensive interview about starting: Founder Interviews: Pat Walls of Starter Story.
  • A more personal side of the story: The Best Year Of My Life: In 35 Tweets.
  • More recent: How Starter Story grew to 1.4 million monthly visitors and $500,000 in annual revenue # Read these first
  • The most comprehensive interview about starting: Founder Interviews: Pat Walls of Starter Story.
  • A more personal side of the story: The Best Year Of My Life: In 35 Tweets.
  • More recent: How Starter Story grew to 1.4 million monthly visitors and $500,000 in annual revenue

24. Start a blog ($16.7K/month)

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?
$400 — $160,000/month
Average Initial Investment
$2,721
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

My name is Igbo Clifford Chimaizuobi, and I launched Information Guide Africa with my twin, Igbo Stanford Onyemaizuchi.

On the sponsored posts, make your contact page very accessible and people will be able to reach out to you through them for sponsored posts offers.

these-twin-brothers-mastered-seo-and-created-a-60k-year-african-information-blog

25. Start a furniture business ($124K/month)

The furniture industry involves the design, manufacture, and sale of various types of furniture for household and commercial purposes. With the increase in flexible workspaces and the growth of the real estate industry, the demand of the furniture business has also boosted in recent times.

According to a consumer survey, millennials are now the largest furniture buying demographic. In fact, young consumers are willing to buy picture-perfect unique furniture items where they are willing to pay extra for the perfect design but not only they expect free delivery but they also want quick delivery.

The furniture business is easy to start and does not require high investments. However, it is first important to know your niche for example office, domestic or home furniture or luxury items.

The business owner should set up a manufacturing unit, purchase the tools and machinery, and hire skilled staff to design and create the final product. The owner will also require the business license and registration depending on the number of employees hired at the manufacturing unit and the size of the business.

There are several factors that need to be considered before starting a furniture business, for example:

  1. The raw materials: Furniture can be created using variety of materials like metal, plastic, rattan, wood, and even silver. The most preferred is the wood furniture. Wood is strong, durable and usually, one lengthy plank of wood can create one piece of furniture.
  2. Gathering local clients: It is important the a small business should first go local in order to understand the expenses. In order to avoid huge transportation and delivery expenses, the local clients will be more profitable.
  3. Social media following: Business owners can use social media marketing to promote their business and also become more aware of their target audience.
  4. Logo and branding: Creating a unique brand and logo helps you connect with customers emotionally and promote recognition.
  5. Shipping rates and inventory management

The furniture business needs a lot of preparation and prior knowledge. It is advisable to take business classes, learn about your local market, and make a solid business plan. In general, if your products are unique and one of a kind, consumers will be willing to pay a higher, including the shipping cost.

However, if your products are similar to other retail sellers, the competition will be higher, this is when the business owners should set up the discounts and low shipping rates in order to attract more customers.

How Much Can You Make?
$1,700 — $1,000,000/month
Average Initial Investment
$163,333
Time To Revenue
390 days

Case Study

My name is Sasha Weekes and I’m the 25 years old owner of Timber Grove Studios. Our home-based woodshop is nestled in the hills of PEI’s countryside, and we specialize in decorative shelving and home decor with a focus on minimalist design and simplicity. Each piece is made to order with 20+ color options, meaning it will be the perfect fit for each customer's space. We ship Canada and U.S. wide.

Moving twice in two years has definitely caused organizational, financial and opportunity hiccups, but the business has grown steadily regardless so we’re very excited about where 2020 will take us. We’ve learned what to focus on during which months, as revenue can range anywhere from $2000 during slow months to $10,000 during high months. Net profit has run anywhere between 20-50% throughout the life of the business and varies month to month. It’s closer to 20% right now as we’ve been spending all we can on new tools and materials for our new larger products and our Christmas stock.

how-i-took-my-woodworking-hobby-full-time-to-build-a-successful-brand

26. Start a skin care product line ($106K/month)

The skincare business is a multi-billion dollar one, and it shows no sign of slowing down. New anti-aging products are entering the market at a nearly exponential rate, and the competition for consumers' money is growing more and more.

The industry was valued at 130 billion USD in 2021 and will expand at an annual growth rate of 4.6% up to 2030. This is surely a type of business that you should not miss. You'll need to build your creativity on your products and make sure that it is all safe and useful in improving the skin of your customers.

How Much Can You Make?
$300 — $1,000,000/month
Average Initial Investment
$99,213
Time To Revenue
360 days
Skills

Case Study

Oh My Balm was founded two years ago and we make kitchen-crafted all-natural body products. Our tagline is “Two Mom’s Making it Real.”

We promote them through our marketing, as they work on several different projects that create a life of prosperity for African women and their families. You can find more about them here. The other charity that is close to our hearts is Behind The Scenes, which provides financial support to entertainment technology industry professionals if they, or their immediate dependent family, are seriously ill or injured. We make a body butter, “Crew,” and we give a portion of the proceeds of every tin sold to BTS. This got us mention in several entertainment industry magazines.

how-two-moms-started-a-business-selling-homemade-body-butter

27. Start a real estate business ($617K/month)

How Much Can You Make?
$5,000 — $2,500,000/month
Average Initial Investment
$23,000
Skills

Case Study

My name is Cory Lewis, and my company is called T. C. Lewis & Co. We are a real estate investment and management firm operating mainly in the Appalachian mountain region of the Southeastern United States. We are a licensed real estate brokerage in multiple states, and that allows us to identify, project, negotiate, and broker deals for our clients for commercial and investment properties. Following the acquisition, we manage the performance of the investment and/or the improvements to the investment through our Property Management and Construction Divisions. We now represent clients from all over the world investing in the Appalachians.

We now have a small corporate office in downtown Asheville, North Carolina supporting regional offices around the Appalachians. The firm has been named to Inc. magazine’s list of the Fastest Growing Privately Held Companies in America (no. 128), seventh fastest growing real estate company in America, named to the Financial Times inaugural 1000 Fastest Growing Businesses in the Americas list, named Best of Property Management for eight years running, named Community Supporter of the Year, been given the Tennessee Small Business Excellence Award, named Builder of the Year, named One of the 10 Best Brokers in Tennessee, and various other recognitions.

how-i-started-a-500k-month-real-estate-investment-business

28. Become a social media marketer ($5.05K/month)

Social media marketing is the process of gaining website visitors or customers by promoting your company on social media. To succeed in social media marketing you need to post some tasty, entertaining, and engaging share material regularly on your social media channels.

Everybody knows that social media is a tool that has become extremely important to businesses of all sizes. It allows them to connect with people across the world and provides a platform for customer service. Social networks are changing the way we do marketing. They offer an opportunity for individuals, businesses, and organizations to reach millions of people instantly.

Nowadays it is easy to earn money by doing social media marketing business. You just need to invest some time and effort to get a profit. Social media has been an important part of many businesses' marketing campaigns and it is expected to be a major part of any company's future as well.

How Much Can You Make?
$100 — $250,000/month
Average Initial Investment
$16,437
Time To Revenue
180 days
Skills
Business model

Case Study

I’m Kelsey Chance and I run Good Chance Creative, a creative agency specializing in social media content creation! I work with companies to manage their social media pages, take and post custom lifestyle imagery of their products and services, and strategize creative ways to keep their social media posts, reels, stories, and videos on-trend and successful!

Behind the scenes - shooting a tabletop recipe video for a client’s social media page

i-started-my-own-20k-month-social-media-marketing-agency

29. Start a dropshipping business ($12K/month)

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 Nigeria, 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
$11,866
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

30. Start a boutique ($33K/month)

How Much Can You Make?
$10,000 — $33,000/month
Average Initial Investment
$100
Time To Revenue
300 days
Skills
Business model
Work from home

Case Study

Hi everyone, my name is Gia, and I am the owner of Boutique Rye. We are a women’s clothing and accessories boutique that is all online!

We have anywhere from clothes that are appropriate for work or clothes that will make you turn heads on a night out on the town. I try and buy clothes with many different styles in mind. I'd like to think that we are a one-stop shop for a diverse group of women!

how-i-grew-my-clothing-boutique-to-10k-month-in-6-months

31. Start a film production company ($753K/month)

How Much Can You Make?
$10,000 — $1,500,000/month
Average Initial Investment
$1,000
Time To Revenue
270 days
Skills
Business model

Case Study

Hello there! My name is Hope Horner, and I’m the co-founder and CEO of Lemonlight, an on-demand video production company that offers brands and agencies access to high-quality affordable video content nationwide.

We’ve built Lemonlight as an entirely self-funded business. We haven’t taken any outside capital since we launched the business in 2014. We’re on track to hit 6M in sales this year and we’ve grown the team to 45 full-time employees. We’ve been recognized in dozens of major publications, and we were awarded in Inc 5000 and Entrepreneur 360 for three years in a row.

how-i-started-a-500k-month-video-production-company-from-my-bedroom-in-la

32. Start a freelancer platform ($1.21M/month)

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?
$7,000 — $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

33. Start a private nurse service

Private nurses provide one-on-one medical care to patients who are homebound or in an institution, such as a hospital, nursing home or other such facilities.

A private nursing attendant's responsibilities include taking care of the daily activities of patients like bathe, feed, maintain personal hygiene. Most of the private nurses live with the patient's family in their home, and may also work for long hours.

To become a private duty nurse, you will need to earn a registered nursing degree (RN) or a licensed practical nurse degree (LPN). Registered nurses with 2-3 years of relevant experience can then pursue their career as private duty nurses. Obtaining an advanced certification can also increase more career options.

Private nurses are usually hired by an individual or an agency. However, they work at a patient’s private residence and get paid by the individual. The career scope of private nursing practice is expected to increase by 7% in the coming years, with the increased aging population and the need for home care.

Pricing of a registered private nurse in the US would cost around $25+ an hour, which is approximately $4000 per month.

34. Start a food truck ($125K/month)

Food trucks are a highly profitable business that offers customers a variety of meal options. This basically operates on a large vehicle equipped with kitchen and food products.

The initial expense of setting up a food truck business is quite low when compared to that of a restaurant. The basic expenses to start a food truck business are as follows:

  1. Food truck : There are various truck brands available in the market based on your requirements. However, to save cost, you can also buy a second-hand commercial truck that is less than 5 years old along with the insurance. In general, a commercial truck can cost between $50,000 to $90,000.
  2. Kitchen equipment: It is advisable to buy new equipment as they are mostly electronic items, in order to cut down the maintenance cost.
  3. Licenses & Permits: The cost of license and permit and other fees vary from state to state.
  4. Staff: To run a food truck, a maximum of 2 chefs are required. The average salary of a food truck cook can vary from $28,000 to $75,000 for an experienced chef.
  5. Marketing: promotion and marketing your food truck business through social media or a website.

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 in your city.

How Much Can You Make?
$29,166 — $61,650,000/month
Average Initial Investment
$27,666
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.

35. Start an affiliate marketing business ($290K/month)

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.

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
$51,285
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

36. Start a kids store

The kid's store business is a large market attracting millions of annual global sales and steady growth. If you plan to start a kids store business, you can specialize in clothing, toys, and accessories or sell all of these in one store.

Research the local market to discover what is appealing, and find the best suppliers. Define a business model and apply for applicable licensing. For kids apparel stores, a physical storefront acts as an anchor and helps build a local customer base. An online store will help you reach a wider market as you supply to those outside your locality.

Average Initial Investment
$5,000
Skills

37. Start a niche web design business ($63.8K/month)

Niche web design business focuses on a specialized market such as law, home improvement, videography, fashion, etc. typically, when a web designer niches down their services, they are simply choosing to concentrate on one industry and create websites for businesses within the particular niche. To become a niche web designer, consider honing the following skills and personal qualities:

  • Visual design, HTML, CSS, JavaScript
  • Strong communication skills
  • Analytical thinking and problem-solving skills
  • Teamwork and research skills
  • Attention to detail

Narrowing your focus to a particular niche gives you a higher chance at becoming a recognized expert and places you in a better position to charge more for your services.

How Much Can You Make?
$200 — $200,000/month
Average Initial Investment
$28,516
Skills

Case Study

Hi, I'm Scott and I am the founder of Up And Social, a Boston web design and SEO company that specializes in helping small businesses.

Currently, we’re doing over $20,000 in sales each month and continue to grow at a comfortable pace.

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

38. Become a freelance web developer

Are you passionate about technology and looking for a way to earn extra income while working on your terms? How about becoming a freelance web developer? Firstly, web development is a highly sought-after skill in every industry. Secondly, the pay rate is higher than freelance writers, and freelance graphic designers earn. As a freelance web developer, you put yourself in a high-value proposition. However, it would be best to learn languages like HTML, CSS, and Javascript to get started. Find a niche and start building anything and everything. Create a personal brand and build up your portfolio.

How Much Can You Make?
$6,000 — $75,000/month
Skills

Case Study

I’m Ty Fujimura, Founder, and CEO of Cantilever Web Design and Development. We work with clients from the International Monetary Fund and IBM to local small businesses and startups. They come to us because they are looking for superior results from their websites, and we deliver that by providing their visitors with an outstanding experience and giving them a reason to come back.

how-i-started-a-750k-year-web-development-agency

39. Start a blog ($16.7K/month)

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?
$400 — $160,000/month
Average Initial Investment
$2,721
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

My name is Igbo Clifford Chimaizuobi, and I launched Information Guide Africa with my twin, Igbo Stanford Onyemaizuchi.

On the sponsored posts, make your contact page very accessible and people will be able to reach out to you through them for sponsored posts offers.

these-twin-brothers-mastered-seo-and-created-a-60k-year-african-information-blog

40. Start a soap making business

How Much Can You Make?
$1,000 — $600,000/month
Skills

Case Study

My name Warnisha Foster I am the CEO of Kiss My Crown Essentials. I founded Kiss My Crown Essentials in March of 2020 and I started offering my products a few at a time to see how they would go over with the public. My first product was Strawberry Rose’ Champagne Soap. The idea for this soap came from looking at my life as a single mom of four I started to feel burned out. I needed something to make me feel feminine, Make me feel like a woman, Grown and sexy. This did the trick.

Our mission here a KMCE is to let mothers like myself know that we are seen, we are beautiful and we are a necessity.

on-starting-a-homemade-organic-soap-brand-from-the-kitchen

41. Start a cosmetic store ($8.5K/month)

The cosmetic industry is growing rapidly. Starting a cosmetic shop can be highly profitable, but only if you stock trendy, skin-friendly products.

If you are passionate about the beauty industry, consider starting a cosmetics brick-and-mortar shop.

Cosmetic shops sell products ranging from anti-aging, aromatherapy, lotions, beauty spa, cosmetic store, and even make-up.

To start a cosmetic store, research the market and source products from well-known brands in the beauty industry.

How Much Can You Make?
Average Initial Investment
$800
Skills

Case Study

My name is Alexis Evans aka Da Mademoiselle. I am a native of South Florida who has started a cosmetic and skincare company named FBI Cosmetics d/b/a Flawlessly Beautiful Individual in the middle of a pandemic.

I am also the owner of Boss Talk Expo an annual expo and conference company. I branched out into the beauty industry, I started FBI Cosmetics off with just lipsticks and have progressed into the skincare business in December. I have grossed over $62,000 in sales. People ask where the name comes from and I tell people “it’s a crime to be so damn beautiful.”

how-i-started-a-8-5k-month-cosmetics-brand

42. Start a mobile phone cases & accessories kiosk business

How Much Can You Make?
$125,000/month
Skills

Case Study

Hi, my name is Jean-Philippe Brousseau, I’m a 32-year-old entrepreneur from Canada, Québec. I’m the founder and owner of phoneloops.com. We mainly sell our universal phone strap that provides a secure, yet relaxed grip on mobiles to B2B and B2C markets.

We’ve been in business since 2014 after a successful Kickstarter campaign. We’ve grown exponentially every year since. As of 2018, we’ve sold over one million Loops in 66 countries. We couldn’t be happier and we are super excited about what the future holds.

selling-one-million-phone-accessories

43. Start a gym

How Much Can You Make?
$20,000 — $1,200,000/month
Average Initial Investment
$75,875
Skills

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

44. Start a car washing and detailing business

How Much Can You Make?
Average Initial Investment
$1,000
Skills

Case Study

My name is Josh Belk and I’m the founder of Belk Mobile Detailing. Belk Mobile Detailing is a mobile automotive detailing business in Springfield, Missouri. We come directly to our customer’s homes to make their vehicles look new again. I’m currently a co-owner in the business, with the other owner being my brother Austin.

We have four main types of customers that use our services: professionals, business owners, busy moms, and people looking to sell their vehicles. Our business has been generating an average of $8,000 over the past 12 months and detailing 60-80 vehicles per month.

how-we-started-our-96k-year-mobile-auto-detailing-business

45. Start an audio sharing app ($40K/month)

An audio-sharing app is a streaming application that delivers sound or music without the need of downloading files from the internet.

Examples of audio sharing apps include Spotify, Apple, Music, and Pandora.

The global music streaming market size has increased YoY since its inception and has become the primary revenue source for most music labels.

The trend is attributed to the global music streaming subscriber base growth which is expected to reach 2.81 Billion in the next few years. Given the trends, building your audio sharing app is a great app business idea that will allow you a slice of the pie.

To start an audio-sharing app business, follow these steps:

  • Research the main features of an audio-sharing application
  • Apply for the respective license
  • Hire a team of music application developers
  • Develop the audio sharing app UI/UX design
  • Decide the Audio sharing app's minimum viable product

To achieve success with your audio-sharing app, get started asap!

How Much Can You Make?
$20,000 — $100,000/month
Average Initial Investment
$12,500
Time To Revenue
360 days
Skills

Case Study

Howdy! I’m Baird. 👋🤠 I’m a sales guy that loves all things tech but can’t code (I tried. Not for me). I am also a marketer, but I’m not sure exactly how that came to be. I’m a husband and a dad. I love building companies that let me be those things more and provide value to others.

Over the past 3 years, we have bootstrapped the business to $75k in monthly recurring revenue. However, Wavve was born out of a failed startup that we tried to start before it.

how-we-launched-a-75k-month-audio-sharing-app-for-podcasters

46. Start a sports betting website

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

Case Study

My name is Sean Green and I’m the co-founder of The Sports Gambling Podcast Network and co-host of The Sports Gambling Podcast. In 2011 I hosted the first episode of The Sports Gambling Podcast with my partner Ryan Kramer. At the time I didn’t realize I was starting a business, I just thought I was talking about betting on football with my buddy.

In the following ten years, we’ve grown it from two guys recording their conversation in a garage to a legit sports gambling media empire. We have over 15 shows under our brand, multi-million downloads per year and have reached $30K/month in revenue.

i-started-a-360k-year-podcast-about-sports-betting

47. Start a small chops packaging business

48. 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 Nigeria, 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

49. 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 Nigeria, 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

50. Become a virtual assistant ($176K/month)

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As more businesses outsource more roles, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible as you can choose a work schedule and location. Many virtual assistants in Nigeria 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 — $500,000/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

51. Start a taxi cab business

If you are an experienced driver and know your city well, starting a taxi cab business can be a very lucrative side hustle.

Here are the steps on how to start a taxi cab business.

  • Secure your business licenses
  • Secure financing and purchasing equipment
  • Purchase a commercial insurance

How Much Can You Make?
$250,000/month
Skills

Case Study

My name is Albert Williams. I am the President and CEO of The Best Deal Group of Companies. located in the Boogie Down Bronx. Best Deal is a transportation company, who specializes in local community transportation, Corporate Transportation as well as Non Emergency Medical Transportation (NEMT).

Below is a picture of our cars gathered to pick up 30+ passengers for one of corporate accounts

how-i-built-a-3-5m-year-taxi-company-competing-with-uber-lyft

52. Start a day care center business

Do you know that daycare centers are lucrative businesses? The industry grossed over a billion dollars in the US last year. The demand is rising, which is why many entrepreneurs have jumped aboard the idea of starting a daycare center business. This is a rewarding experience, especially if you have children or are in the education field.

Listed are the steps to start a daycare center business.

  • Register your business
  • Get all required daycare permits and licenses requirements
  • Get certifications
  • Get insurance
  • Prepare your daycare center.
  • Hire needed staff
  • Promote your business

53. Start an email marketing business

How Much Can You Make?
$1,500 — $33,166,667/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

54. Start a dry cleaners business

The dry cleaning business washes textile items that cannot be wet washed. People will always need their clothes washed, so this business model can be successful.

Opening a dry cleaning business is one of the best laundry business ideas you can think about today. Most dry cleaning businesses feature a low operating expense and can lead to a profitable business model.

To maximize profitability, offer multiple services beyond the typical dry cleaning like wash and fold service.

How Much Can You Make?
$26,500/month
Average Initial Investment
$80,000
Skills

Case Study

Hello! My name is Nishant Tripathi, and I founded Dhobilite, a premium online dry cleaning, and laundry service. I started this company in 2011 with a vision to pioneer laundry service in India.

We started operations in the year 2011. Over the years, we experimented with and developed our business model and software. In 2015, we disrupted the laundry market and became India's first app-based, on-demand laundry service provider. We have expanded into more than 15 cities in the last two years and have around 20+ stores today. In addition, we have 30 plus franchises. We also have factories in Gurgaon, Noida, Lucknow, Hyderabad, and Faridabad.

i-built-a-318k-year-business-by-digitalizing-the-laundry-industry

55. Start a fashion design business

How Much Can You Make?
$650 — $8,333,000/month
Skills

Case Study

At the moment, this business is still a side hustle. Between my online store and the in person events I do, revenue averages to about 1.9k per month. Not bad for something that was started on a whim!

how-i-started-my-own-lingerie-business-side-hustle

56. Become a freelance writer

Freelancing as a writer is a great way to make money. It allows you the freedom to do what you want when you want and at the same time earn for your efforts. If you have some writing skills then you can set yourself up as a freelance writer using a simple blog. The content marketing market to grow at $9.59 billion in 2023.

It's rather easy to get started as a freelance writer. A blogging website will take you far since they already have a wide-reaching network of readers and you can easily leverage that traffic to get clients. Freelance writing is a great option if you have the energy to work independently. You don't need any special kinds of skills or degrees in the field you choose to write about. It's all about talent, passion, and originality.

How Much Can You Make?
$1,600 — $3,500/month
Time Commitment Per Week
Min. 6 hours/week
Skills
Interests

Case Study

I’m Daniel Waldman and I’m a freelance writer. My business is called Daniel Waldman Writing and I’ve been in business for about 3 years. That said, I’ve worked in marketing and public relations for nearly my entire career (over 15 years), and writing has always been a central element of my professional activities.

I offer a wide variety of writing and editing services, but mainly clients come to me for help with blogging, article writing, their website copy, and video script writing. I’ve also helped one writer with editing a business book and continue to expand my editorial services. On average, I earn about $3500/month (before taxes).

leaving-the-agency-grind-to-start-my-own-freelance-writing-career

57. Start a mobile auto detailing service

A mobile carwash business reaches clients whenever possible and offers its services at great convenience. Therefore, car owners do not need to drive to different locations looking for a car wash, as the mobile service provider is there for the client.

The advantage of offering a mobile car wash business in Nigeria is that clients will call you to their location whenever they need their vehicles cleaned. Based on the convenience, you have the opportunity of serving more customers compared to an immobile car detailing business.

How Much Can You Make?
$5,000 — $6,000/month
Average Initial Investment
$2,500
Skills

Case Study

My name is Matt Paskow. I started a mobile auto detailing business called Fresh Look Mobile Auto Detailing which services North County, San Diego.

i-left-tech-built-my-own-car-detailing-business-my-hobby

58. 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

59. Sell building materials

A building material business trades materials used in the construction industry.

The building materials include loose rocks, sand, iron, bricks, cement, poles, cement, and all other materials the building contractors need. Your target market will be building and construction managers, hardware, and contractors.

To promote your business, get featured in industry magazines and online forums. Create a website and ensure an active online presence through social media and SEO.

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

60. Start a transportation service

Transportation businesses offer ridesharing services, haul consumer goods, or ship supplies and products from one location to another. They target individual passengers, other companies, or global business partners.

If you are starting a transportation service in Nigeria, decide who and what you will serve, set up the business structure, register the business, and apply for the required business licenses or permits. To ensure a profitable business, incorporate proper hiring procedures and keep up with maintenance and recertifications.

How Much Can You Make?
$125,000 — $364,000/month
Average Initial Investment
$15,000
Skills

Case Study

Hello, my name is Irakli Litanishvili and I am a co-founder of a group of companies called Aim of Emperor that operates in three niches: aviation, fuel & ground handling, and IT. One of the recent additions is Mirai Flights, where I stand as CEO & co-founder.

we-started-a-4-37m-year-private-jet-and-air-taxi-booking-service

61. Start a water purifying business

It is a very lucrative industry, especially if you select the right location for your business, and will be the center of attention in the coming years.

Water is a necessity. Daily, around the world, billions of people require clean drinking water and sanitation services. However, millions don’t have access to safe and affordable water. They either have to purchase it or otherwise search for systems that can purify water for consumption. This is where the water purifying business comes in handy.

Listed are the steps to start a water purifying business.

  • Plan your business
  • Register your business name
  • Complete all required business documents to run your business
  • Get insured
  • Promote your business

How Much Can You Make?
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

62. Start a healthy food processing business

With the growing preference for healthy and functional food, starting a healthy food processing plant can be rewarding.

The advancements in the food processing industry, innovation in processing technology, and continuous growth in demand for processed food are some excellent reasons to consider opening a healthy food processing business.

To start a healthy food processing plant, find out a market gap, and research the demand. Understand customers changing tastes and focus on offering the best throughout.

How Much Can You Make?
$52,944/month
Average Initial Investment
$30,000
Skills

Case Study

I’m an elite ultramarathon runner, the world’s best wolf-dog dad, and the founder of Bluebird Provisions Bone Broth, North America's fastest-growing bone broth brand.

Now we’re doing 49,000 per month and growing 50% year over year. Our customers are active individuals aged 30-60 who are looking for natural ways to get better skin, and gut health and improve joint pain. We’ve increased our customer base by 5000% since we started.

how-i-healed-my-injury-with-bone-broth-and-bootstrapped-a-540k-year-business

63. Start a solar panel installation business

The solar panel installation business is a growing industry. In the past decade, solar panels have become more affordable and attractive to consumers. This has led to an increase in demand for solar panel installation services.

Solar energy is one of the most sustainable and environmentally-friendly forms of energy available today. It produces no greenhouse gas emissions or other toxic chemicals that can harm the environment or human health.

A solar panel installation business should consider investing in marketing strategies that will help them reach their target audience and sell their services effectively.

How Much Can You Make?
$2,000,000/month
Average Initial Investment
$100,000
Skills

Case Study

Hello, my name is Alex K Williams, the founding partner at Solar Energy Partners (SEP). Our focus is to provide the best customer and consultant experience in the solar industry. We provide more premium options for customers and consultants alike.

Our overall growth has skyrocketed from more than 400% growth since inception.

our-solar-installation-business-just-hit-24m-year

64. Start a gym

How Much Can You Make?
$20,000 — $1,200,000/month
Average Initial Investment
$75,875
Skills

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

65. Start a tiny house building business ($156K/month)

People love living in small spaces. They're affordable and easy to maintain.

The tiny homes industry is expected to grow 3.57B by 2026.

How Much Can You Make?
$156,000 — $10,000,000/month
Time To Revenue
360 days
Skills
Business model

Case Study

Hi! My name is Jeff and I am one of the three co-founders of Tiny Away (a Big Tiny hospitality management subsidiary, which is also co-founded by us). The Tiny Away network includes a range of comfy eco-friendly ‘tiny houses’ for travelers seeking alternative and unique accommodation experiences. Having already grown to over 75 private locations across New South Wales, Victoria, South Australia & Queensland, Tiny Away offers adventurous road-trippers and weekenders the chance to immerse themselves in Australia’s, without compromising on comfort.

On average, we are taking in about $156,000 monthly in terms of rental revenue, not including the other streams of income, as Tiny Away is a subsidiary of Big Tiny which owns the entire tiny house ecosystem from designing to manufacturing, shipping, assembly, deployment, management, and after-sales service.

we-make-1-8m-year-renting-tiny-homes-to-travelers

66. Start a cleaning & maintenance business

A Cleaning & Maintenance business is a service-based business in which you are the owner, operator, and lone employee. In a cleaning and maintenance business, you provide a specific service such as carpet servicing or pest control. It's important to note that although it seems straightforward, this business type can grow very quickly if done properly.

Cleaning and maintenance can be a real hassle, especially if you have a lot of employees or just your own staff. The cleaning and maintenance industry generates over $40B a year in the US alone. This makes it one of the largest, most competitive industries in the USA.

Starting a cleaning and maintenance business in Nigeria is pretty easy. You can start small with residential clients or businesses. Just make sure you check with your local government to ensure licensing (or certification) requirements.

How Much Can You Make?
$100,000/month
Average Initial Investment
$2,900
Skills

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

67. Start a personal trainer marketplace

The Personal trainer marketplace is a marketplace of personal trainers and fitness instructors. The latest market trends indicate that the global personal training industry is growing at an exponential rate. With this, the demand for reliable and competent personal trainers and trainers-in-training is also rising.

The market size of the Personal Trainers industry in the United States is $13B in 2022. It increased faster than the Life Sciences sector overall.

68. Start a laundry business

How Much Can You Make?
$26,500/month
Skills

Case Study

Hello! My name is Nishant Tripathi, and I founded Dhobilite, a premium online dry cleaning, and laundry service. I started this company in 2011 with a vision to pioneer laundry service in India.

We started operations in the year 2011. Over the years, we experimented with and developed our business model and software. In 2015, we disrupted the laundry market and became India's first app-based, on-demand laundry service provider. We have expanded into more than 15 cities in the last two years and have around 20+ stores today. In addition, we have 30 plus franchises. We also have factories in Gurgaon, Noida, Lucknow, Hyderabad, and Faridabad.

i-built-a-318k-year-business-by-digitalizing-the-laundry-industry

69. Start an interior decorating business

70. Start a party rental business

A party rental business helps people get the products or the services they need to make their party a fun-filled event.

Party rental businesses can include:

  • Photo booth rental
  • Renting wedding clothes
  • Party boat rental
  • Sound equipment rental
  • Outdoor equipment rental
  • Cake structure rental

If starting a party rental business, begin with what you know much better. Then as you gain experience, you may diversify to renting other party accessories or partner with experts in other fields.

How Much Can You Make?
$35,000 — $400,000/month
Average Initial Investment
$500
Skills

Case Study

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

71. Start an auto repair business

There are many people who just love to tinker with, fix and repair cars. This is an all-consuming hobby for some people. They like to take things apart and figure out how things work. The process of fixing and repairing cars is almost therapeutic for them.

An auto repair business is a rewarding way to make extra money, or to build an entire business around.

You can do it in the comforts of your own home, working around your schedule and getting paid handsomely for it. The United States automotive service market is expected to reach $75B by 2026.

72. 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.

73. Start an oil production business

The oil manufacturing business is highly profitable small scale business and can be started with little money. Oil is used for various purposes like cooking, manufacturing soaps, cosmetics & hair products.

Oil can either be produced at home or in manufacturing units depending on the scale you want. The most important aspect is maintaining consistency in quality & hygiene standards. If that is maintained then you can easily create your own brand of oils & even start exporting.

How Much Can You Make?
$29,000/month
Skills

Case Study

Hello there! My name is Anusha Moodley, and I’m the founder of Thulisa Naturals. I started the company 5 years ago from my kitchen, using essential oils to make natural bath and body products that support one’s mental and physical well-being.

My business is self-funded, and I started it with a $5K budget. Since the business has grown, I currently make $29K in monthly revenue, with room to grow even more.

how-i-started-a-348k-year-natural-bath-and-body-products-business

Pat Walls,  Founder of Starter Story
Want to start your own business?

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