The 43 Best Business Ideas To Start In Russian Federation [2024]
Interested in starting a business in Russian Federation in 2024?
We put together 43 of the best businesses you can start in Russian Federation today.
In this list of ideas, you can find:
- Home-based businesses to start in Russian Federation
- Profitable online business ideas
- Unique business opportunities for Russian Federation
- Low investment business ideas (under $5k to start)
- Easy businesses you can start in Russian Federation 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 Russian Federation.
Here's the full list:
1. Create an online course
An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.
As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.
With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.
For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.
How much you can make: $350 — $3,735,000/month
How much does it cost to start: $1,850 (?)
How long does it take to build: 90 days (?)
Max, CEO of HYLS, a donation-based online course platform, shares how they've attracted $1M+ of donations from 90K students with an average revenue of $40k per month, through a "pay what you want" model and targeting their audience through Facebook, Instagram, Google, and Youtube advertising.
2. Start a tutoring business
Starting a tutoring side hustle is a great way for teachers and students to earn extra monthly income.
If you are considering becoming a tutor, find an ideal tutoring niche, and craft a tutoring website.
Then, find your tutoring clients and market your side hustle online. You can choose to offer online tutoring as a part-time or full-time engagement.
How much you can make: $1,000 — $375,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 15 days (?)
Time commitment per week: Min. 5 hours/week
A 22-year-old entrepreneur started an online SAT/ACT tutoring company from his bedroom which has seen a linear increase in student sign-ups each month, currently bringing in an average revenue of $15,000 a month and plans to triple in 2020.
3. Start a handmade goods business
A handmade craft business entails selling own-crafted products on online platforms like Alibaba, Etsy, an independent website, or social media.
To succeed in selling handmade goods, you'll need solid creative skills. Your creativity can help you build a strong brand.
And with online marketplaces, handmade shopping has become a popular trend.
In recent years, consumers worldwide have shown their support of independent businesses and entrepreneurs, especially those venturing into the handmade goods business.
How much you can make: $1,000 — $150,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
PortraitFlip is a successful startup that delivers handmade portraits globally with a clientele base in the USA and yields 3.5crs through their 100% customer satisfaction guarantee, and they started with an initial investment of only Rs.23,000.
4. Become a virtual assistant
Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.
Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants in Russian Federation 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. Then, figure out 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 you can make: $1,000 — $1,000,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Filipino Virtual Assistance by FVA Business Consultancy, founded by Julmar Grace Locsin, offers online and offline training to empower marketers, enable businesses, and equip freelancers which has trained 25,000 students from their 31 courses, has 16 coaches assigned from different territories, and fifteen in the FVA team for global digital leadership that will impact the world through digitalization, one life at a time.
5. Start a 3D Printing Business
3D printing is a process that assembles objects layer by layer and starting a business in this industry can be a very creative venture.
You will need investment in the right equipment and materials, and the acquisition of 3D modeling and design skills. You will also need to regularly calibrate and maintain your 3D printers to deliver consistent results.
Plan how you'll handle shipping and logistics, and leverage technology to find new applications of 3D printing in all industries.
How much you can make: $42,000 — $330,000/month
How long does it take to build: 360 days (?)
Founder Roy Kirchner shares how he started an eCommerce business specializing in 3D printing with an initial investment of $65,000, which now averages monthly gross sales of $330,000 and has partnered with international manufacturers and local businesses while offering technical support and education.
6. Start a blog
In recent years, blogging has become a highly sought-after & lucrative Business. This 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, 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 you can make: $200 — $160,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 37 days (?)
Time commitment per week: Min. 5 hours/week
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
7. Start a food truck
Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.
To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.
How much you can make: $29,166 — $61,650,000/month
How long does it take to build: 75 days (?)
Time commitment per week: Min. 5 hours/week
Food Fleet grew over 160% in just one year and managed over 20 million in sales for its clients, securing multiple contracts with the likes of Sodexo, Levy Restaurants and more, due to its understanding of catering client needs and its advanced turnkey and design services.
8. Start a cosmetic store
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 you can make: $8,500 — $490,000/month
How much does it cost to start: $800 (?)
How long does it take to build: 60 days (?)
A former felon's passion for makeup and skincare led her to launch FBI Cosmetics, which has grossed over $62,000 in sales since July 2020, through social media marketing, brand partnerships, and online sales at Walmart.com.
9. Start a mobile app development business
Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.
Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.
To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps
How much you can make: $7,500 — $2,333,333/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 120 days (?)
"We started a custom iOS and Android app development consultancy that now makes nearly seven-figures a year by landing clients like Great Clips and the USA CUP after building successful concept apps."
10. Start an online advertising agency
An online advertising agency helps businesses promote their products or services on the internet.
To start this business on a budget, first learn the basics of digital marketing through free online resources.
Create a professional website and set up profiles on social media platforms to showcase your skills.
Build a portfolio by working on mock campaigns or offering discounted services to friends and family, and gradually market your services to attract clients.
With dedication, you can grow your agency over time.
How much you can make: $2,797 — $1,250,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 45 days (?)
Iman Gadzhi made over $1.2M in profit within two years with his social media marketing agency and education company, where he teaches entrepreneurs how to start and scale a profitable SMMA, with over 45 of his students making over six figures with their SMMA, and over 300 students having quit their regular jobs.
11. Start a dog treat business
Dog treats are a cornerstone of the dog food market. If you enjoy baking and love dogs, you can combine these passions to create healthy, natural, and tasty treats for your furry friends.
As a dog treat entrepreneur, you have the opportunity to make delicious canine confections that are both good for dogs and enjoyable to eat.
Focus on ensuring your products meet the nutritional requirements and will be safe for their consumption, and consider introducing specialty services like custom birthday cakes and holiday gift boxes to provide an inviting niche.
Leverage online and local markets to transform homemade dog treats into a thriving and rewarding enterprise.
How much you can make: $15,000 — $1,833,333/month
How long does it take to build: 180 days (?)
Toronto-based Treats Happen saw a gap in the market for healthy dog treats, and now makes roughly $15K per month. Their biggest lesson? As a brand, they don't just sell on their website but want to be available on as many profitable channels as possible.
12. Start an online baby boutique
How much you can make: $1,250 — $200,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 150 days (?)
Case Study: CoziGo, a pop-up sleep & sun cover for strollers and car seats that helps babies sleep on the go, generated a gross profit margin of 57% and net profit margin of 25%, with a 420% increase in sales in 2017 and a recent UK distribution partnership, with a focus on expanding to the US market next.
13. Start a crime scene cleanup business
Are you ready to work in situations that may include bloodborne pathogens? Crime scenes and trauma cleanup business idea is one of the fastest-growing and highly profitable businesses you can start today.
The crime scene cleaning business involves handling dozens of cold cases which involves double-checking crime scenes. You can offer cleaning up after suicides, homicides, and other types of violent crimes. Also provide emergency services for when an unexpected death occurs at a home or business.
Bio-One Inc. founder Nick-Anthony Zamucen created the world's first multi-million dollar crime and trauma scene cleaning franchise, with over 90 franchises nationwide and over 350 units sold, while sticking to his motto of "Help First, Business Second."
14. Start a mobile photography business
Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.
There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!
To start mobile photography in Russian Federation, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.
How much you can make: $2,000 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 200 days (?)
Photobooth Supply Co. offers a profitable business opportunity through their sleek and portable photo booths, with up to 97% satisfaction rate and a focus on customer experience, in a fast-growing event industry where photo booths are exploding.
15. Start an art business
Starting an art business can be a great idea if you have a passion for art.
You’ll be able to work on your schedule, set your 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 you can make: $876 — $415,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Innerglow Art is a successful custom abstract painting business that incorporates scripture and personable connection with buyers to produce beautiful and unique artwork.
16. Start a cleaning business
Starting a cleaning business is an excellent opportunity to be your boss and make money doing what you love. This business is relatively easy to create and does not require much equipment or funds.
There are many cleaning services, so deciding what services (or combination of services) you will offer and what hours of the day or week those services will be available is essential.
To start cleaning service in Russian Federation, you’ll want to consider investing in professional cleaning equipment such as a vacuum cleaner, a quality mop, and a good cleaning bucket. You will also need to buy environment-friendly cleaning products such as detergent, bleach, paper towels, and trash bags.
How much you can make: $2,000 — $708,333/month
How long does it take to build: 90 days (?)
MaidThis®, launched by Neel Parekh in Los Angeles with just one cleaner in 2013, has achieved over $10 million in total revenue by focusing on cleaning Airbnbs and vacation rentals, thanks to its successful remote business model and new-age marketing tactics, and has now launched MaidThis Franchise to expand the business further.
17. Start a coffee cafe business
A coffee shop is a popular spot for customers to enjoy freshly brewed coffee, tea, and light snacks in a comfortable and welcoming environment.
These cafes are typically furnished with comfortable seating, free Wi-Fi, and a pleasant ambiance that provides a relaxed environment for people to gather, work or unwind.
To succeed in this business, it is essential to offer high-quality coffee, create a pleasant atmosphere, and provide excellent customer service.
With the increasing demand for specialty coffee experiences, starting a coffee cafe can be a lucrative business opportunity that caters to the widespread love for coffee and the need for communal spaces to enjoy it.
How much you can make: $13,000/month
How long does it take to build: 180 days (?)
Chicago based Ignite Technology and Innovation-owned Momentum Coffee & Coworking, which focuses on coffee, coworking, community, and event space, rakes in about $17-20k a month in revenue, mostly from online and offline advertising, and just celebrated their first anniversary, with plans to open 2 more locations in Chicago in under-resourced communities.
18. Start a language learning app
Language learning apps use different activities and methods to assist users to expand their vocabulary and develop correct linguistic skills and general communication skills. The demand for global language learning apps has recorded a massive rise in the past decade and is expected to rise beyond $21.2 in the next few years.
Therefore, if you love linguistics or you have a passion for building apps that teach people a new language, then the language app business idea is worth diving into.
Here are basic steps to guide you through the journey of building a language learning app:
- Come up with an application concept
- Make a unique business analysis
- Define the feature set and make the requirements list
- Choose the technology stack based on the platform
- Develop the application design
- Create the content
- Develop full application version or MVP of your choice
- User testing
- Market and advertise the application
From the ideation stage to the final stage of your app development, focus on ensuring that your language learning application will have the following features:
- Gamification to encourage learners and bring on the competition
- Break down the courses into small chunks
- Provides learners with timely and relevant tips
- Variety of content and activities
- User-friendly design and interface
- Create a users’ community so they can interact and share tips
- Ensure a simple sign-in
- Regular assessment to test and score learner’s progress
Examples of language learning apps include Duolingo, Memrise, and LinguaLift.
How much you can make: $10,000 — $13,500,000/month
How much does it cost to start: $900 (?)
How long does it take to build: 365 days (?)
Gikken is a small, profitable European company founded by Alex that makes browser extensions and apps used by 800,000 people every month, with their flagship product, Mate Translate, generating around $18,000 a month, but monetizing their user base better is their top priority for the next year.
19. Start a tour company
Starting a tour company is a great way to bring your love of travel to life. You can share your passion with others and help make their dream vacations come true!
There are many types of tour businesses, so choosing something you are passionate about and knowledgeable about is best. Here are a few of the most popular tour companies to start in Russian Federation:
- Food & Drink Tours
- Adventure & Sporting Tours
- Sightseeing & Historical Tours
- Shopping Tours
- and many more!
It’s also essential to determine what mode of transportation you want for your tour company, as this will determine the initial startup costs needed for your company.
To get started, find out if you need a license to operate in your state. Some states require tour companies to be licensed, while others do not. If you are required to be licensed, talk with the licensing agency to find out what steps must be taken before you can apply for that license.
How much you can make: $3,750 — $43,300,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 90 days (?)
How Jessica Baumgart founded a successful food tour business in Denver, which broke even and started making a profit after just three months, generating $20,000/month in revenue from offering different food tour experiences.
20. Start a niche accessories brand
Niche accessories make excellent small business ideas. The profit margins in these businesses are pretty significant because of the product markup. You could have a small Etsy store or sell them through marketplace sites such as Amazon, Facebook, and eBay.
The niche market for custom accessories is estimated to be nearly $473.46B by 2020 and it contains a variety of product categories ranging from jewelry, handbags, and small leather goods to house decorations and small fashion apparel accessories. Niche accessories are currently enjoying strong growth, projected to continue during this decade.
How much you can make: $600 — $1,500,000/month
How much does it cost to start: $550 (?)
How long does it take to build: 44 days (?)
Braxton Manley started Braxley Bands with only $20, creating an elastic Apple Watch band and scaling the business to an impressive $100K a month on Shopify, all without any other capital or investment.
21. Start a resume and cover letter business
Resumes and cover letters are crucial tools for job seekers to advertise their skills and experiences to potential employers.
Starting resume and cover letter writing is a profitable idea you can pursue as a full-time career or a side hustle. However, it requires dedication and passion to be successful. A resume and cover letter business can be both lucrative and fulfilling by helping others achieve their career aspirations.
The resume writing business is a multi-million dollar industry. Everyone is worried about making sure that they have a good resume. The resume and cover letter writing business is actually one of the coolest things you can do at first.
You get to help people turn their careers around and serve them in your own way.
How much you can make: $3,500 — $62,500/month
How much does it cost to start: $35 (?)
How long does it take to build: 90 days (?)
Founded by a corporate career coach in 2018, ByRecruiters has sold over 6,000 digital resume templates in 50+ countries, generating $1,500 to $4,000 per month and boasting a 116.91% return on ad spend through Etsy.
22. Start a cell phone & computer repair shop software
Are you a person who has a knack for fixing things and is updated about the latest phone and computer updates and tech? For technology lovers with a talent for fixing phones and computers, opening a repair business may seem like the perfect venture.
Listed are the steps to start a cellphone and computer repair shop business.
- Register your business
- Secure necessary legal documents to operate a business
- Find financing
- Open a bank account for business transactions
- Obtain insurance
- Promote your business
How much you can make: $500,000/month
23. Start a bakery
Everyone loves baked goods, be it sweet items like cakes, muffins, and cookies or savory baked food like pizzas, buns, bread, and puff pastry. Baking takes a lot of effort and patience, which is why many people buy baked items from stores or restaurants instead of baking them at home.
Starting a bakery can be a rewarding business opportunity if you have a passion for baking. If you plan to start a bakery, consider that happy customers often become repeat customers. Therefore, always focus on quality and work on customer satisfaction.
To start a bakery in Russian Federation, pick an ideal format. Some options include:
- Counter-style bakery
- A hybrid bakery with a cafe,
- Food truck with a bakery
- Home bakery.
Write a suitable business plan and choose the correct location.
How much you can make: $2,500 — $25,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
French chef and founder of online bakery Pastreez, Anthony Rosemond, shares keys to success including validating ideas with the market, focusing on SEO and organic growth, building customer relationships through email and SMS, never offering discounts but offering freebies, and diversifying the business with new products and content on social media.
24. Start a crypto loan service
Crypto loans are a great alternative to traditional loans. They are quick, transparent and have low-interest rates. However, they can be difficult to apply for, because they require the borrower to provide more information than traditional loans.
A crypto loan service creates a personalized experience for clients who borrow crypto loans. You can make their process smooth, transparent and efficient by providing them with a complete loan application, matching them with the right lender, and executing their loan quickly.
You can launch your own crypto loan service on this platform
25. Start a seafood sales business
Starting a frozen food business specializing in seafood is a fantastic business venture.
The global demand for aquatic foods will double in the next few years.
Finfish, pelagic fish, cods, salmonids, crabs, shrimp, krill, prawns, and lobster are among the highly in-demand sea foods.
To start your frozen fish products business, conduct market research to understand the current industry trends. Focus on how each vendor performs and find out the highly in-demand products.
Then, decide to source your frozen seafood from suppliers, or you will do the food processing. Analyze the costs of both options to determine the most optimal. Finally, apply for the food handling permits and licenses, and begin marketing your frozen goods business.
How much you can make: $300,000/month
Cameron's Seafood, the largest Maryland seafood company in the world, has leveraged an existing family-owned seafood business to ship Maryland Crabs and crab cakes to customers in all 50 states, making over $200,000 in July 2018 with an expected $2.4 million in first-year revenue without venture capital.
26. Start an online retail store
Starting an online retail store is straightforward. All you need is a computer, a domain, and a web hosting service. Then, determine a niche for your online store, and conduct product research before listing products.
You can start your online store based on a drop shipping business model or list your self-made products in your online store.
How much you can make: $5,000 — $62,500,000/month
How long does it take to build: 51 days (?)
This case study follows the story of a successful online business that has made 7.2 million dollars in sales since 2012, with profits of around 30-45%, and the founders share insights on lessons learned and tools used.
27. 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
28. Start a mechanical keyboard business
Beginning a mechanical keyboard business can be a straightforward process. These keyboards, which have a mechanical switch for each key, are built to extend durability and improve typing comfort compared to typical keyboards.
Mechanical keyboards have become exceptionally popular, spanning from budget-friendly, no-frills options to high-end, customized keyboards. After your research on the market, you will have to find reliable suppliers for mechanical keyboard components, including switches, keycaps, and PCBs (printed circuit boards). You may also need a manufacturer for assembly.
With a focus on quality and customer satisfaction, you can build a successful business in this niche.
How much you can make: $5,000/month
How much does it cost to start: $1,000 (?)
TechKeys, an online retail store dedicated to mechanical keyboard parts and accessories, grew from a hobby to a niche business earning $5,000 a month in revenue by leveraging the buying power of the group buy to manufacture additional inventory and offering them to buyers at a standard retail markup.
29. Start a sports shop business
A retail sporting shop provides sports equipment such as balls, bats, gloves, sticks, rackets, clubs, and protective gear.
Entrepreneurs can set up a sports shop at a strip mall or sell their products online. Renting a shop at the strip mall will require a little money to pay the rent, but depending on the entrepreneurs’ approach, it could be more profitable.
How much you can make: $100,000 — $1,000,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 90 days (?)
CROSSNET, the world's first four-way volleyball game, went from $74,000 in revenue in 2018 to $2,250,000 in sales in just one year by attracting customers through social media, email marketing, and exclusive distribution agreements with retailers like Target.
30. Start an information consultant business
How much you can make: $33 — $100,000/month
Emirabiz, a business consultancy company in Dubai, has grown to 15 full-time employees and boasts an average monthly revenue of over $200k USD by offering transparent pricing and being customer-oriented in assisting people in their business registration in UAE, a country that has seen a huge demand for business incorporation.
31. Become a face painter
Popular at children's parties, weddings, and even some corporate events, face painting is a great creative activity that sparks joy among people of all ages.
If you love making people happy and helping them celebrate different events in life, consider starting a face-painting business.
If you are planning to start a face painting business on a professional basis, it would be wise to take an introductory training course to learn the basics of face painting and the safety and health precautions involved in the business.
How long does it take to build: 90 days (?)
32. Start a health care training business
Health care training businesses provide a wide range of training programs to healthcare workers. They offer guidance on career preparation and assist workers in learning new skills to gain employment stability. The basic goal of healthcare training is to improve the performance of the employee and give the employer a trained and compassionate professional.
The health and wellness industry is growing rapidly especially after the global pandemic. There is never a shortage of challenges for the healthcare workers. Hence, continuous education is highly essential in health care sectors where there is high demand and growth in terms of new medical & technological advancement. Hence starting a health care training business can be highly profitable.
To start a healthcare training facility, you do not necessarily require a location, it can be set up virtually with proper planning, exposure, and advertisements, you can attract many customers. The customers may range from hospitals, medical schools, managed care companies, and national medical specialty societies.
There are several courses available online to learn how to deliver healthcare training. An ideal healthcare trainer should be excel in people management and should be able to plan, execute and manage to deliver training programs to a large group of participants. The average Healthcare Trainer's salary is $45,000.
How much you can make: $15,000/month
VORTTX Training and Testing is a virtual emergency response training system generating 1% of its market potential of one hundred million dollars a year in its second year of full-time operation through utilizing email marketing, trade shows, trade events, referrals, personalized LinkedIn messages, and featuring testimonials from early adopters.
33. Start an insurance agency
Are you hoping to start an agency in the service industry? How about starting your own insurance agency?
In the past decade, the insurance industry contributed more to the US GDP than banks for the first time. Insurance statistics show that the industry has been pretty good lately, and the trend is not slowing anytime soon. Factors driving growth in the insurance sector include sustained economic growth, better interest rates, and greater investment income. Besides, insurance companies adopted investments in technological and operational efficiencies during the pandemic, a move that has helped the industry thrive.
Perhaps you are an insurance agent wanting to quit a 9 to 5 job and start a new chapter of self-employment. Or maybe you are considering a career change and seeing potential in the insurance industry. Whatever the reason for wanting to start an insurance agency, it can be a great idea.
However, building an insurance agency is no small task. Ensure you have enough equity and get ready to work hard and make smart decisions.
How much you can make: $250,000 — $7,160,000/month
How long does it take to build: 180 days (?)
Fabien grew FAB FRENCH INSURANCE from scratch with just $10k, achieving a turnover of over $2.5M after just six years in business, by focusing on the English-speaking community living in France and using affiliate marketing and automating the quotation process online to streamline lead generation and weed out customers who weren't willing to get into the sales funnel.
34. Become a drywall installer
Drywall installers work in specialty construction. They measure, cut, and fasten the drywall panels on the interior walls of residential and commercial properties. To become a drywall installer, you must complete a three-to-four-year apprenticeship program and possess a certificate. Their professional skills include moving heavy loads and performing physical tasks.
You can work under a certified and registered contractor, or start your own drywall installation business, so long as you have enough years of experience working as a junior drywall installer.
How much you can make: $40,000/month
How much does it cost to start: $7,000 (?)
How long does it take to build: 365 days (?)
A second-generation family-owned plumbing and leak detection business shares their success in obtaining repeat business through word of mouth referrals, staying true to their core principles, and using cutting-edge technology to provide top-notch service to clients.
35. Start a mobile mechanic service
Mobile mechanic services are a great business to start in any area that needs quick repairs and service. You can do this part-time or full-time. You can work for a shop or run your own business. This setup allows you to work independently, setting your hours and choosing what areas you want to go to.
Automotive Repair & Maintenance Service Market is estimated to reach $810B by 2026. Starting your mobile mechanic service may seem crazy, but it might just be the thing you are looking for. If you dream about running your own business and having the opportunity to do something you love, then a mobile mechanic business is the right thing to do.
How much you can make: $4,000/month
Retro Radio Farm founder, Allen Chiang, earns $50k per year as a side business restoring old radios and offering Bluetooth MP3 upgrades, with the business growing 20% every year.
36. Start a soap making business
Are you looking for an easy business you can start from home? Soap making is a relatively easy cottage business you can start today.
Soap is one of the products you will find in every household. Therefore, soap is a product that will remain in demand, making soap making business a lucrative idea.
To start a soap-making business from home, research the competition and choose the niche your business will focus on. You can make scented soaps mixed with essential oils or non-scented soaps for washing utensils.
Choose a business name and create a business plan indicating your entity type, mission statement, and soap marketing strategy.
How much you can make: $1,000 — $600,000/month
How much does it cost to start: $5,400 (?)
How long does it take to build: 400 days (?)
Kiss My Crown Essentials founder Warnisha Foster shares her journey from creating organic soap products in her kitchen to selling over 500 soaps in her first month with a mission to let mothers know that they are seen, beautiful, and a necessity.
37. Start a CAD designing business
A CAD designer is a professional who specializes in Computer-Aided Design. They use CAD software to create designs for clients and projects.
The CAD design industry has been growing at a rapid pace over the last few years. As a result, the need for 3D modeling and rendering services has risen dramatically in recent years, with many industries looking to CAD designers for their expertise and creativity.
A good CAD designer should have a wide range of skills that will allow them to work on projects from start to finish, from initial concept through final production.
How much you can make: $8,000 — $20,000/month
How long does it take to build: 180 days (?)
A 3D CAD designer and product inventor who started as a side hustle and averaged $9,000 a month in revenue, shares his insights on the ups and downs of owning a service-based business alongside an eCommerce store, as well as lessons learned in customer acquisition and in generating multiple streams of passive income.
38. 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.
39. Become a videographer
A videographer uses his video camera to record footage for different events.
Examples of events where videographers are common include weddings, documentaries, training videos, commercials, TV shows, infomercials, live events, corporate promotions, etc. Videographers are not only responsible for operating the camera. They must have the skills required for the production of a video, which includes the following:
- Lighting
- Sound
- Maintenance
- Equipment repair
- Video editing
To become a videographer, pursue a videography education, and attend internships to gain experience. Build a portfolio, so your target audience finds you online and starts hiring your services.
How much you can make: $10,000 — $250,000/month
How long does it take to build: 30 days (?)
Results Imagery co-founders Kyle Nelson and Eli Libby launched their digital agency that focused solely on media creation for brands and product companies, helping clients monetize their conversion-centric media, with their current monthly revenue at $45,000.
40. Sell construction equipment
The global construction market is set to grow to $222.14 Billion in the next few years. Therefore, the construction equipment business is one of the ideas that can be rewarding to sales professionals.
Reselling heavy construction equipment can be a great way to earn some cool cash. The construction equipment can include heavy-duty vehicles, engineering equipment, and heavy hydraulics.
Before launching, conduct feasibility studies and collect the address and details of all the construction sites and construction companies within your reach. Then, write a business plan focusing on the construction sites and companies listed above. Finally, to profit from selling construction equipment, source it carefully from manufacturers with a good reputation.
How much you can make: $20,000/month
Startup Mini Materials sells miniature masonry and woodworking supplies with a cult following gained through viral videos, social media and email newsletters.
41. Become a gift basket seller
A gift basket is typically a bundled gift filled with presents and delivered to the recipient at home or the workplace.
The gifting ritual is an old practice, and regardless of the occasion, people love giving each other gifts (and receiving them). According to data, the global gift market’s worth is estimated at $62 billion, with 62% of Americans preferring to give personalized gift markets over expensive items.
If you love unique gifting, starting a gift basket business in Russian Federation could be a gratifying and fun business idea. Many gift basket shops choose to operate entirely online since an online business allows them to work from anywhere, while customers can also purchase at their convenience.
How much you can make: $400/month
Vowed Box Co. is a line of curated, quirky gift boxes with non-traditional brides in mind, offering four different products that have helped the business become profitable most months since its launch in 2018, with a monthly income of roughly $600.
42. Start an early childhood education specialist business
How much does it cost to start: $2,500 (?)
How long does it take to build: 365 days (?)
43. Start a restaurant
If you love cooking and are passionate about entrepreneurship, starting a restaurant can be a fun and lucrative business.
To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food and 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 Russian Federation, gain insight from consumer preferences and focus on serving modern consumers what they need.
How much you can make: $48,333 — $61,650,000/month
How long does it take to build: 120 days (?)
One Life Meals is a Toronto-based healthy meal delivery service that made 14,500 meals per month and generated $130k in monthly sales in 2018 through their one-on-one consultation, lean protein and seasonal veggies-based meals, and their focus on the client experience.
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- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
