The 33 Best Business Ideas To Start In Ukraine [2024]
Interested in starting a business in Ukraine in 2024?
We put together 33 of the best businesses you can start in Ukraine today.
In this list of ideas, you can find:
- Home-based businesses to start in Ukraine
- Profitable online business ideas
- Unique business opportunities for Ukraine
- Low investment business ideas (under $5k to start)
- Easy businesses you can start in Ukraine 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 Ukraine.
Here's the full list:
1. Start a weighted blankets brand
Are you looking for a unique business idea to help people feel calm and relaxed? A weighted blanket brand might be the perfect fit for you!
Weighted blankets are a popular therapeutic tool that uses deep pressure touch to provide comfort and security. They can be especially helpful for individuals with anxiety, ADHD, or sensory processing disorders.
Starting a weighted blanket brand requires research and planning, but it can be fulfilling and profitable. First, you’ll need to decide on the type of blankets you want to offer. Options include different sizes, weights, and materials such as cotton, Minky, or fleece. You’ll also need to choose a reliable supplier and determine your pricing strategy.
Next, you’ll need to consider your marketing and sales strategy. This could involve setting up an online store, attending trade shows, or partnering with retailers. You’ll also want a solid social media presence to connect with potential customers.
Finally, don’t forget about customer service! Providing excellent service and support to your customers will help you stand out in the market and build a loyal customer base.
Starting a weighted blanket brand requires dedication and hard work, but it can be a rewarding and lucrative business idea. If you’re passionate about helping people feel more comfortable and relaxed, this could be the perfect opportunity for you!
How much you can make: $21 — $416,000/month
How long does it take to build: 180 days (?)
Lotus app creator Vadim shares the story of how he created a Mac app for managing GitHub notifications and earned $261.74 in his first week as an indie developer, through consistency, careful feature selection, and a powerful toolset including Excalidraw, Buttondown, and Vercel.
2. Start a custom app development service
How much you can make: $10,000 — $700,000/month
How long does it take to build: 80 days (?)
This case study is about a CEO who built Jelvix, a software development and consulting agency specializing in digital transformation, into a $3.6M/year business with clients including Samsung and Louis Vuitton.
3. Start a real estate marketing agency
If you're a marketing whiz, starting your own real estate marketing agency could be the perfect business idea for you. As a real estate marketing agency, you'll be responsible for creating and executing marketing campaigns for clients in the real estate industry. This could include tasks like developing marketing materials, managing social media accounts, and conducting market research.
To be successful in this business, you'll need to have strong marketing and people skills. You'll also need to be comfortable working with a variety of clients. If you have these skills, starting your own real estate marketing agency can be a great way to make money in the real estate industry.
The salaries for those in the Real Estate Marketing industry are varied. The average earnings hover around ₹21lakhs, but can reach up to 50 lakh rupees depending on your qualifications and experience level.
The current trend of people searching for properties online is making the real estate marketing agency more popular than ever. In order to market a property effectively online, real estate agents need to work with a marketing agency that knows how to do just that. This trend is only expected to continue, so now is a great time to get involved in the real estate marketing business!
This is a great business idea for those with strong marketing skills. You can work with a variety of clients, which can be great for networking and building your business.
How much you can make: $10,000 — $250,000/month
How long does it take to build: 60 days (?)
Bloomy Lab, a web and app development studio, shares insights on how they developed their virtual staging platform Tantify and their process of launching new products without any ads, resulting in 40,000 downloads and $1,000 monthly revenue, as well as their plans for future expansion.
4. Start a pet accessories business
With the increasing number of pet owners globally, the pet accessories market is booming. Pet accessories include items that promote the health and wellness of pets and improve pet handling. Examples of pet accessories include pet treats, toys, collars and tags, leashes, pet beds, food and water bowls, poo bags, clothing, costumes, etc.
To start a pet accessories business, market research and focus on the highly demanded pet products.
How much you can make: $4,000 — $300,000/month
How long does it take to build: 268 days (?)
Ukrainian pet products manufacturer, COLLAR LLC, began with a simple leather collar made from a soldier’s uniform belt in 1995 and has since grown to over 500 employees with offices in six countries, focusing on innovation and creating unique solutions for their pet parent customers.
5. Become a software developer
A software developer is a person who creates computer programs. They design, test, and oversee the creation of software for a variety of purposes including businesses, personal use, or social networking.
If you have strong technical skills and experience in programming, you can start a software development business. You should also have a good understanding of how the software works.
The average salary for software developers is $110,140. The best-paid 25 percent earn an annual income of up to 140K dollars while the lowest-paid workers make just under 84K dollars.
The recent trends in software development are moving towards mobile apps and cloud-based solutions. Businesses are providing a variety of programming languages and tools to create software that meets the client's needs.
Starting a software development company is the perfect way to explore in this exciting industry. This type of business is growing in popularity as businesses are looking for ways to offer their customers a convenient way to access their data and applications.
How much you can make: $1,700 — $465,583,333/month
How long does it take to build: 180 days (?)
Ukrainian software development company TRIARE, with a current annual turnover of $500,000, shares how personal and collective responsibility, paired with patience and consistency, can help build a profitable business.
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
How we started a 150k/month website and mobile development outsourcing company that has grown to 80+ employees and offers services in graphic design, QA, business analysis, project management, and marketing in addition to web and mobile app development.
7. Start a CRM business
A Customer Relationship Management (CRM) software keeps track of prospects, clients and their contacts and also helps you monitor your sales pipeline as well as to create reports for business intelligence.
The CRM market is a $50B and growing industry.
How much you can make: $5,000 — $2,100,000/month
How long does it take to build: 150 days (?)
EspoCRM, an open-source CRM application for small and mid-size businesses, has seen an average of over 16,000 downloads per year and makes up to $30k per month, offering efficient tools to systematize customer data, improve sales cycles, and automate routine administrative tasks.
8. 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 — $320,000/month
How much does it cost to start: $300 (?)
How long does it take to build: 30 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.
9. Become a social media marketer
Social media marketing is gaining website visitors or customers by promoting your company on social media. To succeed in social media marketing, you must regularly post tasty, entertaining, and engaging share material on your social media channels.
Everybody knows that social media is a tool that has become extremely important to businesses of all sizes. It allows them to connect with people worldwide and provides a platform for customer service. Social networks are changing the way we do marketing. They offer an opportunity for individuals, businesses, and organizations to reach millions instantly.
Nowadays, it is easy to earn money through social media marketing. You just need to invest some time and effort to make a profit. Social media has been an essential part of many businesses marketing campaigns, and it is expected to be a significant part of any company’s future.
How much you can make: $100 — $250,000/month
How much does it cost to start: $5,750 (?)
How long does it take to build: 60 days (?)
This case study follows Kelsey Chance and her creative agency, Good Chance Creative, which specializes in social media content creation, and in just 3 years she has grown her one-woman business to make $20,000 in monthly revenue through a niche in small in-house marketing teams and start-ups managing their social content, with key services including lifestyle brand photography, social media account management, copywriting, and eCommerce strategy consulting.
10. Build a SEO tool
SEO tools provide data and alerts about the health and success of a website. Website owners and businesses are looking for tools to help them quickly identify and fix SEO issues. Thus, starting an SEO business that focuses on developing SEO tools can be a rewarding career.
How much you can make: $2,800 — $850,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Solo founder Todd Hooper bootstrapped Prerender.io from zero to $2.5 million in ARR over 5 years by releasing an open-source project on Github and turning it into an SEO-friendly version of React, Angular, and Javascript websites, and then offering it as a SaaS service for businesses.
11. Start a logistics business
Logistics businesses focus on transportation and storage/warehousing, which are critical components of the supply chain. Without elaborate logistics, businesses will deliver goods to their customers efficiently and reliably.
A logistics business connects manufacturers and consumers through transportation and safe storage of products. Logistics may be a good place to start if you are interested in a supply chain-related business but not sure which one. You can work as a driver, connect manufacturers to storage warehouses and transportation companies, etc.
How much you can make: $83,333 — $2,000,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 135 days (?)
How a logistics company grew its revenue over 300% in 2 years, starting with just 2 vans and 25k+ square feet of warehouse space, and focused on relationships, efficiency, and building trust with its customers.
12. Start a digital marketing business
Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.
If you plan to start a digital marketing business in Ukraine, educate yourself and understand how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through online digital marketing courses.
To stand out, find a digital marketing niche and focus on the audience interested in your services.
How much you can make: $2,000 — $6,660,000/month
How much does it cost to start: $1,260 (?)
How long does it take to build: 58 days (?)
H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years.
13. Start an IT company
How much you can make: $500 — $2,400,000/month
How much does it cost to start: $850 (?)
How long does it take to build: 120 days (?)
Apps: Lab KE is a software development company generating $3,500 per month, specializing in problem-solving using technology and data for businesses and communities.
14. Start a recruiting agency
The global online recruitment market size was $29B in 2019 and is projected to reach $43B by 2027.
The best way to assess the success of a Recruiting Agency is to review what their clients say about them and the results achieved for those clients.
As a recruiter, you dream of landing your first client, but once you do, you realize it’s only the start of what you hope will be a successful business. Have you ever wondered how to start a recruiting agency business? There’s so much you can learn from books, but nothing beats getting real-world experience.
How much you can make: $100 — $320,000/month
How long does it take to build: 90 days (?)
DistantJob is a unique recruitment agency that specializes in finding full-time remote employees, and with $3 million in annual revenue, they offer small to medium-sized tech companies an edge over big competitors who are not willing to hire remotely.
15. Start a food delivery business
In today’s busy lifestyles and schedules, cooking is no longer a priority to many. People like to order-in food from their nearest restaurants or food joints and enjoy a meal in the comfort of their homes.
The food delivery business is like a courier service through which restaurants deliver food to their customers.
You can offer retail food delivery services to restaurants within your locality if you have a truck. Customers order through a restaurant or grocer’s website, and the owners contact you to deliver.
How much you can make: $4,000 — $83,333,333/month
How much does it cost to start: $2,750 (?)
How long does it take to build: 90 days (?)
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.
16. Start a tax service business
A tax service business helps individuals and businesses prepare and file their tax returns accurately and efficiently. This business typically offers tax preparation, tax planning, and consulting on tax-related matters.
To run a successful tax service business, it is essential to stay up-to-date on the latest tax laws and regulations and any changes that may affect your clients. You should also invest in reliable tax preparation software and thoroughly understand how to use it.
Another key to success in this business is building strong relationships with your clients. This may involve offering personalized services and being available to answer questions and provide guidance throughout the tax preparation process.
Marketing and networking are also crucial for attracting new clients. This may involve utilizing social media, creating a website, and attending local business events.
Overall, a tax service business can be a rewarding and lucrative opportunity for entrepreneurs with a strong understanding of tax laws and a dedication to providing excellent customer service.
How much you can make: $10,000 — $370,000/month
Savvy and Suite CEO Yvette Sadovoy, has successfully grown her bespoke tax firm into a $7.5K a month business by tailoring tax plans specifically for individual business owners, educating them on how to optimize their tax savings, and advising them on best management practices.
17. Start a real estate business
Are you a qualified architect with a broad range of knowledge in the real estate field? Starting a real estate business can be a profitable venture.
Real estate involves purchasing, selling, managing, or investing in land and buildings.
To become a successful real estate business owner, you must have finely honed visual awareness and a strong understanding of various building materials and structures.
How much you can make: $5,000 — $1,500,000/month
How long does it take to build: 180 days (?)
This case study is about T. C. Lewis & Co, a real estate investment and management firm that successfully diversified their approach to include sales, development, remodeling, and construction, with property management being the key to investor doors and organic growth.
18. Start an ecommerce retailing business
How much you can make: $2,500 — $3,000,000/month
How long does it take to build: 90 days (?)
Tower Electric Bikes is a direct-to-consumer eBike brand co-founded by Stephan Aarstol and Mark Cuban, which has done over $36 million in sales since its $150,000 investment in 2012, and produced and sold everything from paddleboards to electric bikes for half the retail price, with the aim of creating the world's first famous eBike brand.
19. Start a franchise development business
Franchise development is a highly profitable business that involves helping successful businesses expand their operations.
As a franchise developer, you play a crucial role in identifying promising brands, creating replicable systems, and recruiting franchisees to establish new outlets.
This entrepreneurial venture can be a lucrative side hustle or a full-time opportunity. It involves collaborating with business owners to transform their success into a franchise model, offering aspiring entrepreneurs a proven blueprint for success.
By providing training, support, and ongoing guidance, you enable others to realize their business dreams while generating income through franchise fees and royalties.
As a franchise developer, you have the opportunity to make a significant impact on the success of both established and emerging businesses while benefiting from a profitable career.
How much you can make: $10,000 — $1,000,000/month
This case study follows the founder of Busch Global, a uniquely oriented franchise sales organization, as he details how he transitioned the company to focus on growth and networking, and offers advice for aspiring entrepreneurs looking to find success.
20. Start a co-working space rental business
The co-working spaces are becoming essential in the post-pandemic world. Experts estimate five million people will occupy coworking spaces in the next few years. The projections are based not only on the growth the coworking industry has experienced over the past few years but also on the sharp increase in the number of startups coming up each year.
Therefore, creating your coworking space business will become a lucrative opportunity. To create a coworking space, do proper market research to ensure you have the demand for a co-work space in your target area.
Then, focus on finding an ideal location to attract the maximum number of customers.
How much you can make: $4,000 — $300,000/month
How long does it take to build: 90 days (?)
The founder of The Farm Soho, one of the earliest New York City co-working spaces, shares how he built his affordable workspace model for solopreneurs and startups, as well as discussing his tips for attracting and retaining customers while navigating the challenges of running a business.
21. Start an used electronics business
You can sell pre-used electronics online or set up a brick-and-mortar establishment. You can choose to specialize in a niche or sell everything from used computers, televisions, stereos, and gaming systems.
What is essential is researching the pre-owned electronics business. Set specific goals and limits for your business and work towards the goals. Find the niche that works best for you and explore it until you find success.
22. Start a solar panel installation business
The solar panel installation business is a growing industry. In the past decade, solar panels have become more affordable and attractive to consumers. This has led to an increase in demand for solar panel installation services.
Solar energy is one of the most sustainable and environmentally-friendly forms of energy available today. It produces no greenhouse gas emissions or other toxic chemicals that can harm the environment or human health.
A solar panel installation business should consider investing in marketing strategies that will help them reach their target audience and sell their services effectively.
How much you can make: $2,000,000/month
How long does it take to build: 120 days (?)
Solar Energy Partners, a solar-focused company founded by Alex K Williams, has achieved more than 400% growth since inception, and is expanding into new markets while offering best customer service and training programs.
23. Start a hotels business
If you are considering starting a hotel, then it is time to implement your plan. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.
Here are some tips to consider before forming a hotel:
- Name your business
- Decide on a marketing strategy
- Start by renting out a room in your home.
- Hire a business capital broker
- Try Airbnb
- Make a marketing plan
- Offer complementary services
How much you can make: $15,000/month
How long does it take to build: 325 days (?)
SKNMUSE, a premium beauty brand dedicated to elevating the beauty experience for Black Women, has a 40% customer retention rate, achieved a 169% increase in revenue, and made $30,000 in Q1 alone.
24. Start a surprise travel agency
Are you looking for a scalable side hustle idea and one that allows you some flexibility?
A surprise travel agency is a good option that will enable you to choose a friendly niche market.
Besides, a surprise travel agency lets you gain exposure and experience while it is an opportunity with unlimited income potential.
If you love sharing travel recommendations and always find the best local spots when you visit a new city, this will be ideal for you.
How much you can make: $15,000 — $550,000/month
How much does it cost to start: $250 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 7 hours/week
Whisked Away Surprise Travel is a curated travel service for clients overwhelmed by the planning process, with revenue growth exponentially increasing each year since its launch in March 2017.
25. Start a furniture business
The furniture industry involves designing, manufacturing, and selling various types of furniture for household and commercial purposes. With the increase in flexible workspaces and the real estate industry’s growth, the furniture business’s demand is boosted.
The furniture business is easy to start and does not require high investments. However, it is first essential to know your niche, for example, office, domestic, home furniture, and luxury items.
The furniture business needs a lot of preparation and prior knowledge. Taking business classes, learning about your local market, and making a solid business plan is advisable. In general, if your products are unique and one of a kind, consumers will be willing to pay a higher, including the shipping cost.
How much you can make: $1,700 — $999,999/month
How long does it take to build: 120 days (?)
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.
26. Start an online cooking business
If you love to cook and want to start a business online, there are several opportunities that you can explore. Here are a couple of different approaches you can take:
- Sell your recipes online
- Become an influencer or blogger
- Conduct online cooking classes/courses
Here are some benefits of starting an online cooking business:
- You can have flexible working hours
- You can start the business from your home
- It requires a small investment
- Cooking business is a rewarding work
How much you can make: $7,500 — $417,000/month
How much does it cost to start: $100 (?)
27. Start a homemade skincare recipes business
Are you interested in making your own skincare products from home? Homemade skincare products can be very profitable, especially if you sell them online. Because of this, more and more people are deciding to make their own homemade skincare products at home. You do not have to spend an exorbitant amount of money on skin care products. It's easy to make your own homemade skin care recipes and start saving money today! The first steps to start a homemade skincare business are:
- Choose the right skincare formula.
- Add natural preservatives
- Pick a suitable container
- Keep the amount right
28. Start a jewelry making business
The global jewelry market size was valued at $278B in 2018 and is expected to reach $292B by 2025.
The industry comprises manufacturers, wholesalers, retailers, and jewelry designers. Unlike many other industries that have gone through leaps in technology, the jewelry industry has remained untouched for over 40 years.
If you know how to make jewelry in Ukraine, then this might be a great way to make some extra money.
How much you can make: $1,000 — $2,000,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 120 days (?)
A primary school teacher found his passion for jewelry-making, turning it into a successful business generating $2500-3000 per month through sales at the Creative Queenstown Arts and Crafts Market, online, and through stockists, with plans to expand and eventually make it his full-time profession.
29. Sell auto alarms
Although cars come with an inbuilt alarm system, owners choose to upgrade the alarm systems to keep the vehicles safe from thieves.
Therefore, the auto alarm sales and installation business is in high demand and can be lucrative to start as long as you love things to do with car alarms and GPS tracker systems. To ensure professional services, consider undertaking the alarm technician’s course. Through the course, you will learn how to install or service the alarm systems and related components.
Some of the services offered by alarm sales and installation professionals include fitting alarms and immobilizers, tracking devices, upgrading the existing systems, fault diagnosis, and repairs.
Before starting, research the car alarm industry in your area and check the current alarm installation prices, the alarm trends, and find out what customers want.
30. Start a sea food restaurant
Seafood restaurants can be a fun way to become an entrepreneur and earn a living. Start by picking the type of seafood restaurant to open. This is especially important if the target area has other seafood establishments. Then, create a working budget and write a good business plan for a seafood establishment. Secure working capital and legitimize your business to avoid trouble with the local authorities.
Finally, contract reliable seafood suppliers, hire staff and market your business.
31. 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: $200,000/month
Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.
32. Become a fitness nurse
Fitness Nurses offer support, treatment, and back-up to their patients in addition to the care they receive from their GP surgery or specialist. Fitness Nurses are able to provide first-line supervision on exercise programs and ensure these are effective and carried out correctly.
Fitness nursing is a growing and exciting career. As a fast-growing industry, the field of healthcare is predicted to create more than two million new jobs by 2024. One career, in particular, that is expected to skyrocket in growth is the fitness nurse, also known as a clinical exercise specialist.
33. Start a web development business
A web development business is a company that builds and takes care of websites. They typically use coding and design skills to create online spaces that meet the needs of individuals or businesses.
These businesses help ensure websites work well and look good, playing a key role in the online presence of their clients.
How much you can make: $6,600 — $350,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 75 days (?)
Ukrainian software development company TRIARE, with a current annual turnover of $500,000, shares how personal and collective responsibility, paired with patience and consistency, can help build a profitable business.
- 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
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
