60 Spare Room Business Ideas You Can Start Today [2024]
Interested in starting a hospitality business in 2024?
We put together 60 of the best hospitality businesses you can start in today.
For each business idea, we’ll show you real-world examples of other hospitality businesses to help you see what it really takes.
Here's the full list:
1. Start a catering business
A catering business is responsible for providing food & beverage-related services for vast types of 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.
However, starting a catering business requires a lot of planning.
To start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more.
In addition, catering allows you to meet more people and show off your cooking skills.
How much you can make: $4,000 — $200,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 90 days (?)
Elegante Catering founder, Nestor Nidome, details his journey from failed DJ business to a $20k/month catering company, emphasizing the importance of online marketing and customer feedback as key contributors to his success.
2. Become a mobile personal trainer
Do you love helping people through their fitness journey? If you want a great side hustle to earn extra income, consider becoming a personal trainer.
The fitness trainer side hustle can be an adamant industry to earn good money. However, once you develop a reputation as a good trainer, you can get more clients through referrals. You need to register for the certification course to start offering personal trainer services .
To attract your first clients, consider online advertising, and seek referrals from every customer.
How much you can make: $600 — $60,000/month
How long does it take to build: 365 days (?)
Time commitment per week: Min. 4 hours/week
Sweat from Home is a two-way, interactive, and live-streaming group fitness workout startup that has held over 800 classes since March 2020, generates $25k in monthly recurring revenue, and has donated over $7k to 6 different charities; they aim to become the world's best live-streamed fitness class.
3. Start a vacation rentals business
Vacation rentals host travelers for a short period. Often located in top vacation destinations, vacation rentals feature spacious rooms and a cozy lifestyle and are cheaper than booking a hotel.
Building or buying a vacation rental is a smart way of creating a passive income without much involvement in the business.
To make money through the vacation rental business, ensure a strategic location, often nearby attractions. Choose an area that is easily accessible and desirable all year round and create a beautiful space for your guests.
Stand out by optimizing the vacation rental listing online and featuring all available amenities.
How much you can make: $1,500 — $295,000/month
How long does it take to build: 280 days (?)
This case study explores how a couple turned their childhood homes into vacation rentals, welcoming around 3k guests annually and generating an average revenue of $50k per year and property by focusing on a strong online presence and organic traffic.
4. Start a freelance writing business
Freelance writing can be a good career choice if you are looking for a flexible online job.
Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,
To earn good money as a freelance writer, you need the following personal qualities:
- Strong writing skills
- Ability to meet deadlines
- Stay on the cutting edge
- Be a self-starter
- Be up-to-date with the current writing tools & writing trends
- Proper communication skills
How much you can make: $700 — $500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 56 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
5. Start a sewing and alteration business
Do you have sewing skills and looking for an entrepreneurship opportunity? You can start your sewing and alteration business.
A sewing and alteration business offers customers clothing repair, custom tailoring, button replacement, and other alterations. You can start a sewing and alteration business at home or set up a retail location.
To start a sewing and alteration business, you will need a commercial-grade sewing machine and a marketing strategy, so target customers learn about your business.
How much you can make: $1,000/month
ALTRD is a clothing alteration service launched by two socially oriented entrepreneurs that connects customers with skilled immigrant women tailors in New York who work from home and has already built an impressive team of 25 experts while making an effort to offer convenient and quality tailoring solutions as well as opportunities for women in need of work.
6. Build an iPhone app
The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.
The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.
The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.
It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.
How much you can make: $150 — $2,000,000/month
How much does it cost to start: $6,500 (?)
How long does it take to build: 180 days (?)
Time commitment per week: Min. 5 hours/week
Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.
7. 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 — $830,000/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.
8. Start a pet bakery
Pet bakeries use the highest quality human-grade ingredients to produce quality dog cakes and other treats. With the growing demand for pet food treats, starting a pet bakery can be a promising venture.
How much you can make: $33,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 45 days (?)
Kristin Larsen's Diva Dog Bakery program teaches students how to start their own successful dog treat bakery business that has consistently brought in five figures a month since launching in November 2020.
9. Start a life coaching business
Life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.
Life coaching is a popular industry worth over $2.85 billion, and the number of life coaches has increased by 33% between 2015-2019.
This is a very profitable business and can be started at virtually no cost. You’ll need a computer, a high-speed Internet connection, and a LinkedIn account to start. Then, you can begin coaching part-time in your spare time until you build up your clientele.
How much you can make: $100 — $120,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
10. Become a proofreader
Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.
As a proofreader, you can work online, allowing you to choose what time to work.
If you plan to start a professional proofreading business, make sure you possess the following skills:
- Have an excellent grasp of grammar
- Ability to correct mistakenly capitalized words
- Familiarity with the proper use of capitalization
- Use spell-checkers to flag misspelled words
Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.
Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.
How much you can make: $2,000/month
A proofreader was able to build a consistent income of ~$2,000 per month from scratch with zero experience in the field, no expenses, and barely any upfront costs by targeting bloggers and content creators who want their content to be copy edited and proofread.
11. Start a woodworking business
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 you can make: $1,000 — $40,001/month
How long does it take to build: 204 days (?)
Time commitment per week: Min. 5 hours/week
Sasha Weekes, owner of Timber Grove Studios, turned her fine arts and cabinetmaking education into a successful home-based woodworking business that grew from a side project to netting 20-50% profits month-to-month and up to $10,000 in sales during peak periods through Etsy, with her company's growth continuing to increase through other social media outlets.
12. Start a career coaching business
A career coaching business involves providing personalized guidance, support, and strategy services to help clients navigate professional transitions and growth opportunities.
As a career coach, you design custom sessions to assist with resume building, interview prep, and workplace advancement goals tailored to each client’s aspirations.
With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through specialized advice and accountability.
Launching a coaching practice can be a great opportunity for those with speaking talents and human resources expertise to monetize their natural motivational abilities while setting their own schedule.
How much you can make: $1,000 — $235,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
13. Start a podcast
The podcast business involves creating and producing audio content that people can listen to online.
It’s a popular form of entertainment and information-sharing.
To start a podcast business on a budget, you'll need a few key steps.
First, choose a niche or topic that you're passionate about and that has an audience.
Next, get basic recording equipment like a microphone and headphones.
Then, find a free or affordable hosting platform to publish your episodes.
Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
14. Start an affiliate marketing business
Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.
To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.
How much you can make: $500 — $773,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
15. Start a youtube channel
For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.
In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.
If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.
How much you can make: $800 — $1,000,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
16. Build an iPhone app
The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.
The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.
The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.
It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.
How much you can make: $150 — $2,000,000/month
How much does it cost to start: $6,500 (?)
How long does it take to build: 180 days (?)
Time commitment per week: Min. 5 hours/week
Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.
17. Start a subscription box business
Subscription box businesses offer customers a niche set of products on a monthly basis.
They're in high demand as they add value to customer service, offer exclusive products and can be highly profitable.
To start a subscription box business, understand your niche market, provide quality products, perfect your box design, build a good relationship with fulfillment companies, and market your service.
How much you can make: $400 — $400,000/month
How much does it cost to start: $210 (?)
How long does it take to build: 180 days (?)
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.
18. Start a dropshipping business
Dropshipping is a business model where you sell products to customers without holding inventory.
Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.
To start a dropshipping business on a budget, choose a niche or category of products you want to sell.
Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.
Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $6,000 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 10 hours/week
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
19. Start a website development business
Website developers create websites for their clients. as a website developer, your responsibility is to ensure a website is visually appealing and easy to navigate. Web developers also focus on improving the website’s performance and capacity.
To become a website developer, learn different web programming languages. Your customers can be eCommerce business owners or brick-and-mortar businesses looking to have an online presence.
How much you can make: $200 — $8,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
How a founder turned his passion for marketing and technology into a successful Boston-based web design and SEO company, generating over $20k in sales each month by focusing on serving the niche market of small businesses through affordable and personalized services, while establishing his reputation through B2B networking and online initiatives.
20. Start a lettering service business
AiApply case study showcases the journey from $0 to $25K in monthly revenue, highlighting the power of AI-driven solutions to revolutionize the job application process through personalized tools, viral content, and sustainable growth strategies for SaaS founders.
21. Become a scrapbooker business
Scrapbooking is a creative hobby that involves designing and putting together a visually appealing album of memories and memorable moments. It can be a great business idea for those passionate about crafting and design.
To start a scrapbooking business, you will need a few essential supplies such as paper, stickers, markers, and other decorative items. You may also need a computer and photo editing software to create digital layouts and designs.
For success, it is essential to have a strong understanding of the different scrapbooking techniques and styles. It would help if you also were skilled in design, creativity, and customer service.
Several ways to offer scrapbooking services include hosting parties, creating customized albums for clients, or selling scrapbooking supplies. You can also consider offering online classes or tutorials to teach others how to scrapbook.
Marketing your business is crucial to attracting potential customers. You can use social media, online directories, and local advertising to showcase your skills and services. You can also consider joining local craft fairs and events to showcase your work and connect with other crafters.
Overall, a scrapbooking business can be a rewarding and fulfilling venture for those passionate about creativity and design. You can turn your hobby into a successful business with the right skills, supplies, and marketing efforts.
22. Start an art collectible business
Starting an art collectibles business can be a rewarding and exciting venture for those passionate about art and interested in acquiring and selling unique and valuable pieces.
The business of art collectibles involves buying and selling works of art, such as paintings, sculptures, and other rare and one-of-a-kind pieces. This can include everything from ancient artifacts to contemporary pieces by up-and-coming artists. The goal of an art collectibles business is to find and acquire high-quality pieces that have a strong market demand and then sell them to collectors or art enthusiasts for a profit.
To start an art collectibles business, you will need to invest in a diverse collection of pieces, either by purchasing them outright or by working with artists and dealers to acquire them on consignment. You will also need to research the market and determine which types of art are in high demand and what prices you can expect to sell them for.
In addition to having a passion for art, a few key skills and qualities can help you succeed in the art collectibles business. These include:
- Strong knowledge of art history and different art movements
- The ability to spot and evaluate high-quality pieces
- Good business sense and financial skills to manage your inventory and pricing
- Strong communication and negotiation skills to work with clients and other industry professionals
To get started, you may want to consider joining a professional organization, such as the International Association of Dealers in Ancient Art or the American Association of Auctioneers, to connect with other professionals in the field and learn more about the industry. You should also consider developing a strong online presence through your website or selling your items through online platforms such as eBay or Etsy.
Starting an art collectibles business can be challenging but rewarding for those passionate about art who have a strong understanding of the market. With hard work, dedication, and a little luck, you can turn your love of art into a successful and fulfilling career.
23. Sell stock photos
Stock photography is the supply of licensed photographs for specific uses. If you have a camera and love traveling or taking photos, you can start your own stock photo business.
Create a stock photography website and upload the best shots to start your stock photography business. To ensure professional images, you can hire freelance photographers and photo editors. Alternatively, you can invest in a professional camera and learn the art of photography before launching your business.
Running a stock photo website allows you to create unlimited earning potential. Besides, stock photographers enjoy flexible working hours and have the potential for passive income.
How much you can make: $10,000/month
How long does it take to build: 3 days (?)
Picjumbo is a free stock photo site created by solo founder Viktor Hanacek that has amassed 150,000 monthly visitors, 5,000 free photos, over 10,000 premium photos, and brings in over $10,000/month in revenue through advertising and premium membership.
24. Start a handmade products kiosk business
25. Start a portrait photography business
You have been using your android or apple phone for years, taking photos of all your friends, kids, family, and anything that inspires you. Now, you leap and consider starting a portrait photography business.
Portrait photography captures a person’s essence, personality, identity, and attitude utilizing backgrounds, lighting, and posing.
To start portrait photography, hone your skills and acquire a professional camera and photo editing software. You can make money by selling photos on social media channels like Instagram or a stock photography website.
How much does it cost to start: $3,001 (?)
How long does it take to build: 60 days (?)
26. Become a graphic designer
Graphic designing involves creating sketch designs and materials for corporate clients, advertising agencies, public relations firms, and publishers. Besides, graphic designers provide visual solutions to specific company images, log design, and branding problems.
Graphic design is an excellent career for creative thinkers who enjoy using their talent and artistic skills combined with technology and communication abilities to come up with unique solutions for their clients.
How much you can make: $1,000 — $81,000/month
How much does it cost to start: $600 (?)
How long does it take to build: 90 days (?)
This case study features Md. Yousuf Ali, the founder of Rank Trends, who shares how he started a successful digital marketing agency, which generated a revenue of over $6k per month through SEO and video production services.
27. Become a tee shirt designer
Have you always had a passion for fashion and creativity? Well, then the field of tee shirt design could be the perfect opportunity for you!
As a tee shirt designer, you would be responsible for fitting model garments, ensuring size uniformity, and using your design and aesthetic skills to create unique and eye-catching tee shirts that will captivate your customers’ attention.
With this exciting career, you’ll have the chance to let your creativity run wild and make a lasting impact on the fashion industry.
How much you can make: $15,000/month
How long does it take to build: 30 days (?)
Designious co-founder Alex Dumitru shares how the graphic design library generates $12-13k in monthly revenue by creating digital products that appeal to print-on-demand entrepreneurs and graphic designers, while also offering a flat-rate membership and useful resources that solve little problems.
28. Become a domain reseller
A domain reseller is an act of buying domain names from an accredited domain registrar to sell to customers as a service.
Thus, a domain reseller is a middleman between the registrar and the domain name customer. To become a domain reseller, learn the basics of domain reselling and choose the best domain reseller program based on your business objective.
How much you can make: $1,300 — $150,000/month
How long does it take to build: 353 days (?)
Thexyz is a self-funded email hosting service generating over $100k of recurring revenue each month, offering uncomplicated privacy and fantastic customer service, and expanding through international sales.
29. Start an adwords website business
How long does it take to build: 60 days (?)
30. Start an art prints business
Turn your creativity into a sustainable business with an art prints venture. The core idea is simple: create or commission artwork, print it on high-quality materials, and sell them online or through local markets.
The demand for unique wall art is consistently strong, driven by home decorators, office spaces, and art enthusiasts. By curating a diverse portfolio and marketing through platforms like Etsy or your own e-commerce site, you can build a loyal customer base.
Expect some upfront costs, including the purchase of printing equipment or contracting with print shops. The real work involves continuous marketing efforts, networking with artists, and maintaining an engaging online presence.
If your passion lies in the visual arts and you enjoy connecting with people through your work, starting an art prints business offers both creative fulfillment and a viable income stream.
How much you can make: $1,000 — $6,500/month
How much does it cost to start: $486 (?)
How long does it take to build: 25 days (?)
This case study is about a freelancer turned founder who started an online business selling unique 2D digital designs for CNC machines, with only basic design knowledge and part-time work, and now has a standalone running business with revenues of up to $7K per month.
31. Start a youtube channel
For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.
In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.
If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.
How much you can make: $800 — $1,000,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
32. Start a social media management business
Similar to virtual assistants, social media managers offer various services, including but not limited to:
- Developing a marketing strategy based on clients’ goals
- Setting up social media accounts
- Posting on behalf of their clients
- Coming up with strategies for increasing client’s social media following
- Marketing analysis.
To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals.
The beauty of working as a social media manager is that you can define your work schedule and choose what niches to work on.
How much you can make: $100 — $550,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 37 days (?)
This case study is about how the founder of AdvertiseMint, a Facebook advertising agency, started the company with just one employee and has since grown it to 25 employees, managing close to $100 million in digital media buys for clients such as Coca-Cola and Viacom.
33. Start a membership site business
A membership site business involves creating a platform where individuals with shared interests or needs can access premium content and engage in a community of like-minded individuals.
As a founder of a membership site business, you are responsible for developing high-quality blogs, videos, discussion forums, and resource libraries exclusive to paying members.
These members subscribe on a monthly or annual basis, providing predictable recurring revenue for your business.
With the ability to target specific demographics and cater to niche audiences, membership sites offer a lucrative business model that is fueled by digital community demand and infinite content possibilities.
This makes it an accessible startup option for creators seeking low-cost entry into the online business world.
How much you can make: $5,000 — $100,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 90 days (?)
How a full-time blogger created a 5-figure online business from a hobby, and now helps people start a side hustle and earn passive income with a signature program that teaches how to start and grow a blog, reach 100K page views and $5,000/month, and live life on their own terms.
34. Start a phone answering service business
35. Start a phone repair business
The unprecedented growth of the mobile phone industry has given rise to many businesses that depend on the industry.
The mobile phone repair business is one example of a profitable opportunity in the telecommunication industry. People cannot live without a mobile phone, so visiting a repair shop is often the first option when their current set is damaged.
Thus, you could consider opening a mobile phone repair business if you are a cell phone engineer. The phone repair business is low-capital and allows owners to define their work routines.
36. 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: 30 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.
37. Start a meal planning business
Couples, individuals, and families often find themselves in the “what’s for dinner dilemma.” Thus, finding help on what to cook for dinner or what groceries to bring home for their next meal can be a relief.
If you are a meal planning specialist or a registered dietitian, starting an online meal planning portal can be helpful to thousands of people who find themselves struggling with what to cook. To start, learn the tips you need to expertly plan meals. Then, configure your online meal planning portal and focus on getting the audience to your website.
Drive traffic to the portal through a blog or guest posting about the portal on other platforms.
How much you can make: $62,000 — $600,000/month
How much does it cost to start: $5,250 (?)
How long does it take to build: 227 days (?)
Nourishing Brands is a direct-to-consumer media company that generates more than $600k per month and sold over 300,000 cookbooks in 2020 through their popular health websites like KetoSummit.com by transitioning from digital events to cookbooks, evergreen courses, and paid media.
38. Start a herb gardening business
Growing and selling herbs can be a profitable business venture. You do not need a large space to start a herb garden. In fact, you can use vertical farming technique to grow herbs in your backyard, and earn profits from your business.
How much you can make: $700/month
How much does it cost to start: $200 (?)
How long does it take to build: 14 days (?)
Ann Remo turned her love for urban gardening into a profitable blog, Blooming Anomaly, which earns her around $700 a month through Mediavine ads, Amazon affiliates, and other affiliate programs. She recommends focusing on writing great posts with keywords, and investing in SEO and social media through courses.
39. Start a music lessons business
Unlock the potential of a rewarding and creative venture with a music lessons business. Teaching music is as straightforward as it sounds: you share your expertise with budding musicians, either in-person or online.
This business involves offering one-on-one sessions or group classes aimed at different skill levels. By tailoring lessons to individual needs, you foster a deep appreciation for music while guiding students on their musical journey.
Starting a music lessons business means you'll need a solid understanding of your instrument and effective teaching strategies. Building a clientele may involve leveraging local communities or honing an online presence through marketing and social media.
If you're passionate about music and enjoy teaching, this business can be both fulfilling and profitable. The demand for personalized music education is steady, making it a viable option for those willing to put in the effort to build a reputable and engaging program.
How much you can make: $45,000 — $70,000/month
How much does it cost to start: $5,500 (?)
How long does it take to build: 105 days (?)
This case study follows Brooke Schrager's journey of starting a customized in-home music lesson business with only 10 students in January 2016 and growing it to over 200 students with monthly revenue of $20,000 in May 2021.
40. Start a bookkeeping business
A bookkeeping business keeps track of monies coming into and out of business and maintains an accurate financial record, as per the International Association of Bookkeepers.
As a bookkeeping business, your role is to help small and medium-sized enterprises in the:
- Preparing their year-end tax and VAT returns
- Keeping on top of day-to-day cash flow
- Running finances efficiently
To become a bookkeeper, you must be accurate in your work and understand financial topics well.
How much you can make: $25,000 — $100,000/month
How much does it cost to start: $2,750 (?)
How long does it take to build: 60 days (?)
A case study about FreeCashFlow.io, an accounting agency that specifically caters to the financial needs of Onlyfans models and entrepreneurs, helping them with bookkeeping, taxes, and financial management, all while overcoming the stigma associated with the industry.
41. Become an interior designer
Interior designing involves making indoor spaces safe, functional, and beautiful by determining space requirements and selecting essential & decorative items such as colors, lighting, and materials.
The global luxury interior design market is growing at a CAGR of 9.0%. The growth metrics show there is great potential for entrepreneurs targeting households.
If you are starting a luxury interior design business, focus on style and specialty. Add valuables with creative professions, such as interior design, so you stand out from the rest. Ensure you hire the right people and hone the brand identity.
How much you can make: $100,000 — $415,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 90 days (?)
Mother and daughter duo turn passion for antiques and design into a boutique design firm with over $1 million in annual revenue and hundreds of trophy projects, showcasing the importance of grit, determination, and passion in building a successful business.
42. Become a massage therapist
Massage is a growing industry, and as such, many business options exist for those who want to enter this field. The most typical form of massage therapist business is an independent operation. This can be either out of one's home or a massage studio rented on an hourly basis.
Building a successful massage therapy business is not as difficult as you might think. Massage therapists offer much-needed services to communities and clientele. If you are looking for a new career or want to increase your income while delivering an important service, then starting a new massage therapist business can be an excellent choice.
Turn your massage therapy practice into a successful business by applying core business skills that lead to success.
How much you can make: $5,000 — $275,000/month
How long does it take to build: 120 days (?)
Professional cuddler, Sam Varnerin, developed her successful one-to-one cuddle service, Snuggle with Sam, as a result of recognising the universal human need for connection and touch, which also led to her opening Sam’s Snuggle School, a course for aspiring professional cuddlers.
43. Become a business consultant
Business consultants serve as professional advisors who help companies achieve their goals or to streamline operations in a particular business area.
Business consulting is big business. Experts project the demand for consultants to keep increasing in the coming years. Therefore, becoming a certified business consultant can be rewarding.
To become a business consultant, you need a bachelor’s degree and expertise in a specific area. Are you ready to start your business consulting career and develop a professional network and web presence to help you connect with clients?
How much you can make: $1,500 — $1,500,000/month
How much does it cost to start: $1,425 (?)
How long does it take to build: 66 days (?)
This case study is about a founder who launched a paywall platform for content creators in 2019, bootstrapping it from $0 and eventually selling it for $3.5M on Flippa, with the platform generating between $125,000 - $142,000 in Monthly Recurring Revenue (MRR) on 95% margins.
44. Start a laundry business
Starting a laundry business can be a fulfilling and lucrative venture for entrepreneurs looking to make a difference in their communities. With the right equipment and a commitment to providing excellent customer service, this business idea has the potential to thrive in a variety of locations.
One unique aspect of starting a laundry business is the opportunity to offer specialized services, such as eco-friendly detergent options or same-day turnaround for busy professionals. Additionally, partnering with local dry cleaners or offering pickup and delivery services can set your business apart from competitors and attract a loyal customer base.
In terms of upfront costs, starting a laundry business will require a significant investment in commercial-grade washing machines and dryers, as well as a convenient and well-located storefront. However, with the right marketing strategies and a focus on providing top-notch service, this investment can quickly pay off and result in a thriving business.
Overall, starting a laundry business is a rewarding and potentially profitable venture for entrepreneurs who are passionate about making a positive impact in their communities. With the right approach and a commitment to excellence, this business idea has the potential to succeed in a variety of settings.
How much you can make: $20,000 — $100,000/month
How long does it take to build: 120 days (?)
Pick My Laundry, India's on-demand laundry and dry-cleaning service provider has developed a mobile app and website serving almost 50,000 customers in its first year after signing up 100 third-party laundry services and franchising its model with over 50 franchises across more than 15 Indian cities.
45. Start a customer service rep business
Tired of poor customer service experiences? Starting a customer service rep business could be your answer.
This venture involves setting up a team that provides customer support for other companies, handling inquiries, troubleshooting issues, and ensuring a smooth customer experience. It’s a robust field with consistent demand, especially as businesses increasingly prioritize customer satisfaction.
Your role would combine recruiting skilled representatives, training them on your clients’ products or services, and implementing efficient systems for seamless operations. This business model is scalable and offers flexibility in terms of remote work, allowing you to build a diverse team.
Starting might require an investment in software tools and initial training, but the payoff – steady clients and recurring revenue – is compelling. If you’re organized, enjoy problem-solving, and can manage a team, this could be a rewarding endeavor to pursue.
How much you can make: $25,000 — $50,000/month
How long does it take to build: 365 days (?)
Case study of a co-founder's journey from finance to tech entrepreneur, successfully launching a revolutionary AI chatbot for customer support that earns $25k/mo, with impressive margins and a 3% conversion rate drawing customers away from bigger competitors.
46. Become a tech rentals provider
Tech rentals are a type of business that provides people with access to technology. It offers short-term rentals of the latest devices and gadgets to consumers and businesses.
To get started, you'll need a wide selection of the latest devices, as well as a strong marketing strategy to reach your target market. You'll also need to be able to provide excellent customer service and support.
The recent trends such as the rise of the sharing economy and the popularity of short-term leases make this an ideal time to start a tech rental business. This type of business is growing in popularity as people are looking for ways to use technology without having to purchase it.
How much you can make: $100,000 — $200,000/month
How long does it take to build: 210 days (?)
DeepBench, a company disrupting the expert network industry, offers a platform connecting clients with expert advisors for informed decision making, serving over 450 clients and 25,000 advisors and achieving their best quarter yet in Q1 2021.
47. Become a mobile makeup artist
A makeup artist is a beautician who offers general makeup services, including facial aesthetics, thorough makeup, and creating custom looks for celebrities and even actors on movie sets.
You can serve clients from their homes or offices as a makeup artist. Therefore, makeup artists avoid paying rent or paying expensive licenses. Besides, makeup artists get to meet different famous people.
To stand out as a professional makeup artist , keep up with the developments in the cosmetology industry, and focus on providing personalized customer service.
48. Start a power tool rentals business
49. 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
To start 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 different fields.
How much you can make: $3,500 — $500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
Akshay Patel's event rental and decor business, Simply Decor, Tents, and Events, saw an average ticket price of $2,000, as their advertising budget decreased from $20k to $5k, leading to 40% of their clients coming through social media advertising, 30% from expos, and 30% online in google, yahoo, and other platforms.
50. Start a travel planning business
Travel planning business is a service that helps people to plan their vacations, holidays, and trips. They offer information about destinations, hotels, flights, and other travel-related services. A travel planner can help you with any aspect of your journey. They will be able to suggest the best destinations for your budget and itinerary preferences.
To succeed in this competitive environment, a travel planner needs to have the following skills:
- Excellent customer service skills
- A strong understanding of the various destinations
- Good knowledge of hotels and other travel-related services
- Good communication skills
How much you can make: $165,000 — $1,500,000/month
How long does it take to build: 285 days (?)
Time commitment per week: Min. 5 hours/week
Rayna Tours and Travels, founded by Kamlesh Ramchandani and Manoj Tulsani, began its journey as a small travel counter inside a Dubai hotel, and has now grown into one of the UAE’s leading destination management companies with earnings exceeding $40 million per year.
51. Start a vintage reselling business
Designer vintage collection rises in value as it ages, making it a profitable business.
To start the vintage reselling business, research the market to find highly valued items. Then, analyze the target audience to determine what qualities they are likely to look out for when buying vintage products.
To start the business, you can source vintage products from craigslist and eBay.
Provided you can source quality products and target an audience with a bigger budget, you can earn good profits from a vintage reselling business.
52. Become a voiceover artist
A voiceover artist business involves recording your voice in various media, such as commercials, television shows, and video games. To start this business, you’ll need high-quality recording equipment, a portfolio of previous work, and a platform to showcase your skills. You’ll also need to reach out to clients and negotiate contracts.
To succeed in this business, you’ll need excellent voice-acting skills and the ability to market yourself effectively.
How much you can make: $9,000 — $85,000/month
How long does it take to build: 730 days (?)
TRANSLIT is an ISO-certified translation and interpreting service, which has grown organically to now include an online platform and marketplace that allows users to find, book and manage interpreters across the world with over 2,500 users and recently launched a Remote Simultaneous Interpreting technology available through a mobile app and web interface.
53. Start a child care business
Starting a childcare business is a great way to build a steady income. You will have the opportunity to be your boss and set your hours even from home. You will have the satisfaction of building one-on-one relationships with children and watching them grow over the years.
A childcare business is an excellent idea. It is both a personal and economical investment for its owners. This is especially true if you are considering starting your non-profit organization or becoming licensed to provide child care. Running a childcare business allows you to help children develop while also making money. As with any business endeavor, running a childcare business has its ups and downs, but it can be very rewarding.
How long does it take to build: 60 days (?)
54. Start a bike rental store
Bike rental is one of the most profitable business ideas most people overlook. Today, bike rental is in high demand, especially among people who love outdoor activities. Today, people prefer renting a bike as opposed to buying one. Moreover, bikes offer a hassle-free and quicker ride option for daily commuters. In that regard, starting your own bike rental business is exciting and can be profitable.
If you are starting a bike rental business, some avenues you could use to increase business profitability include:
- Targeting tourists
- Reaching out to biker clubs
- Biking training schools
- Cater to employees in organizations that encourage the use of bikes
Use bike rental software to manage bookings, and market your business on social media and biking clubs, to maximize bookings.
55. Start a hair styling training center
56. Start a bed and breakfast business
Bed and breakfasts have been around for a long time. Owners interact with customers while they benefit from affordable lodging.
Travelers nowadays have a high interest in experiencing local culture, ready to take on the adventure of meeting and interacting with others from different backgrounds and perspectives in order to get a unique taste of how a small town or even neighborhood might live.
The great thing about starting at home B&B is that you don’t need a degree in business. You only need enough capital to purchase essential items needed to open your very first one.
Listed are the steps to start a bed and breakfast business.
- Plan your business plan
- Secure needed permits, licenses, and certifications
- Hire Staff
- Open a bank account for business transactions
- Prepare your business for operation -Promote your business
57. Start a personal shopper business
A personal shopper business is a service that helps individuals find and purchase the perfect clothing, accessories, and other personal items for their specific needs and style. As a personal shopper, you will work with your clients to understand their preferences and budget and then use your expertise and resources to curate a selection of items for them to choose from.
To start a personal shopper business, you must have a strong sense of fashion, an eye for style, and excellent communication and customer service skills. It will help if you are organized and efficient, as you must manage multiple clients and their requests simultaneously.
To begin your business, you must establish your target market and determine your pricing structure. You will also need to create a website or online platform to showcase your services and portfolio. Consider building relationships with retailers and designers to access the best products for your clients.
To start a personal shopper business, you will need to:
- Determine your target market and pricing structure.
- Create a website or online platform to showcase your services and portfolio.
- Build relationships with retailers and designers to access the best products for your clients.
- Develop a marketing plan to attract and retain clients.
- Establish a system for managing client requests and communication.
58. 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/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.
59. Start a knitting business
The knitting business idea is all about creating handmade knit items such as scarves, sweaters, hats, and more. To start this business, you will need key tools and materials, including knitting needles, yarn, and patterns.
To operate this business successfully, you will need to have a good understanding of knitting techniques and be able to create high-quality items that appeal to your target audience. You should also have strong marketing and sales skills to attract and retain customers.
One way to grow your business could be by offering knitting classes or workshops to beginners interested in learning how to knit. The lessons and workshops can not only help you generate additional income, but they can also help to build a community of loyal customers.
To sell your handmade knit items, you could consider setting up an online store or participating in local craft fairs and markets. You could also consider partnering with local boutiques or retailers to sell your wholesale products.
Overall, the knitting business idea is a great way to tap into your creative side and create beautiful, handmade items that people will love. You can build a successful, fulfilling, and financially rewarding business with the right tools, skills, and marketing strategies.
How much you can make: $500,000/month
Meet Evgenia, the founder of Woolstock, a yarn and knitting company that started with a few thousand a month and quickly grew to making 500,000 US dollars per year by listening to customer needs, expanding product ranges, and focusing on social media marketing and partnerships.
60. Start a car washing and detailing business
The carwash business is already a multi-billion-dollar industry with room for growth.
With the number of vehicles per household increasing daily, starting a car wash and detailing business could be a profitable idea.
If you have a piece of vacant land in the right location, you can get into the carwash business. You can set up an in-bay automatic carwash, self-washing carwash, touch-free carwash, or a wide range of other options.
How much you can make: $5,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
Learn how former tech salesman, Matt Paskow, left the industry to start Fresh Look Mobile Auto Detailing, a profitable mobile auto detailing business generating around $5k per month that focuses solely on SEO, Google AdWords, and Google My Business for marketing.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
