24 Business Ideas For Scientists [2024]

Updated: September 22nd, 2024

Interested in starting a business as a scientist in 2024?

If managed well, building a business as a scientist could be more lucrative than employment. So, which are the best business ideas for Scientists?

We put together 24 of some of the best scientist business ideas you can start in today.

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

Here's the full list:

1. Start a data protection tool business ($525K/month)

As a scientist, you could leverage your analytical skills and technical expertise to develop sophisticated data protection tools. In today’s digital landscape, businesses urgently need robust solutions to safeguard sensitive information from breaches and unauthorized access, making this a timely and potentially lucrative venture.

You could focus on creating tools that ensure compliance with data protection regulations and provide advanced security measures like encryption and secure storage. The widespread necessity for data privacy across all industries means you could cater to a vast market, providing indispensable solutions that companies are eager to invest in.

By staying vigilant about emerging cyber threats and continuously innovating, you could establish a business that not only supplements your income but positions you at the forefront of the cybersecurity field. This venture could be a rewarding way to apply your scientific acumen while addressing a critical and growing need in the business world.

How much you can make: $100 — $6,000,000/month

How long does it take to build: 227 days (?)

Pivoting From Social Media Aggregator To $6M/Month People Search Tool

Spokeo is a people information service helping over 15 million users a month search and connect with others through organizing over 14 billion records into easy-to-understand reports generating over $6M per month.

Read by 20,900 founders

2. Start a data analysis service ($42.6K/month)

Starting a data analysis service could be an excellent way for you to supplement your income and leverage your analytical skills as a Scientist. By helping businesses make sense of their data, you could provide valuable insights into customer behavior, optimize marketing campaigns, and support better decision-making processes.

This entrepreneurial venture would allow you to not only make extra income but also to make a significant impact on the businesses you work with by enhancing their data-driven strategies. Your expertise in data analysis combined with effective communication skills could position you well in this high-demand, profitable sector.

Given the success stories like iTechArt, which generated massive revenue and created numerous jobs, the potential for growth and profitability in this field is substantial. As businesses increasingly seek to streamline their analytics processes, your data analysis service could become an indispensable asset.

How much you can make: $20 — $250,000/month

How much does it cost to start: $3,500 (?)

How long does it take to build: 90 days (?)

I Built $1.54M/Year Tool That Finds The Best Investment Properties [From UK]

Founder of PropertyData creates a subscription website for UK property investors and developers that is now making $128,000 per month in recurring revenue.

Read by 10,231 founders

3. Start a help desk software ($238K/month)

Starting a help desk software business could be an excellent fit for scientists seeking to supplement their income or venture into entrepreneurship. Given your analytical skills and problem-solving expertise, you could develop a platform that efficiently manages customer inquiries, tech support, and troubleshooting processes. This could not only provide a steady source of additional revenue but also allow you to apply your methodical approach to improving customer service experiences.

Moreover, utilizing your knowledge of data analysis, you could incorporate real-time analytics and automated workflows into the software. This will help businesses monitor and resolve customer issues swiftly, thereby increasing user satisfaction and operational efficiency. As companies of all sizes continue to prioritize excellent customer service, your software could fulfill a substantial market need, presenting you with an opportunity to build a scalable and impactful product.

How much you can make: $4,500 — $830,000/month

How long does it take to build: 178 days (?)

On Starting A Niche Web Design Business In The Dental Industry

Senthil Kumar spearheads Siva Solutions Inc, a game-changing digital marketing and software development company which caters to dentists using an array of well-crafted products to manage patient data and inquiries, thus enabling efficient management of processes, while boosting them to the 1st page on Google.

Read by 5,966 founders

4. Start a tech support business ($139K/month)

As a scientist, you could leverage your analytical skills and systematic approach to problem-solving by starting a tech support business. Your background in research and technology could enable you to offer sophisticated troubleshooting services for both individuals and companies dealing with software, hardware, or other technical problems. This could be a fulfilling way to supplement your income or even transition into a new entrepreneurial endeavor.

Given your experience and analytical capabilities, you could provide exceptional customer service by actively listening to clients and accurately diagnosing their technical issues. Your ability to stay up-to-date with the latest technological advancements will ensure that you can address a wide range of technical problems effectively, which is crucial for building a loyal client base. This venture could also allow you to apply your technical skills in a different context, potentially leading to innovation within your service offerings.

How much you can make: $150 — $1,500,000/month

How much does it cost to start: $3,000 (?)

How long does it take to build: 90 days (?)

How I Developed A $3.5K/Month Tool That Converts HTML To PDF

A passionate computer-coder entrepreneur shares the story behind his successful PDFShift business which after a year and a half generates $3.2k of monthly revenues with the focus now on growth.

Read by 10,849 founders

5. Become an IT consultant ($27.4K/month)

As a Scientist, you are constantly engaging with complex data and sophisticated software tools, making you uniquely positioned to transition into the role of an IT consultant. By leveraging your analytical skills and technical expertise, you could help companies optimize their IT systems to meet their business objectives. This side business would allow you to diagnose issues, design tailored solutions, and play an integral role in enhancing company-wide IT infrastructure.

Moreover, becoming an IT consultant could supplement your income while still allowing you to pursue your passion for science. You can leverage your existing network and credibility within the scientific community to build a client base, offering specialized IT solutions tailored to scientific research or data-heavy industries. This entrepreneurial venture not only diversifies your professional portfolio but also taps into a growing market demand for specialized IT consulting.

How much you can make: $2,100 — $4,166,667/month

How much does it cost to start: $500 (?)

How long does it take to build: 45 days (?)

How I Started A $6K/Month SEO And Digital Marketing Agency In Bangladesh

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.

Read by 12,518 founders

6. Start a data mining and analytics tools business ($237K/month)

As a scientist, you likely possess strong analytical skills and a robust understanding of statistics and data manipulation. By entering the world of data mining and analytics tools, you could transform raw data into actionable insights that businesses in sectors like finance, healthcare, and retail can use to make more informed decisions.

Developing and selling software that extracts, processes, and analyzes vast amounts of data could help companies uncover trends and patterns crucial for their success. With the increasing demand for data-driven decision-making, your expertise could position you as a key player in an industry keen on innovative analytics solutions.

Moreover, this business idea allows you to combine your technical skills with an entrepreneurial mindset, potentially pioneering significant transformations within various industries.

How much you can make: $450 — $1,500,000/month

How much does it cost to start: $750 (?)

How long does it take to build: 107 days (?)

How We Developed A $40K/Month Email Parser Application

Parseur, the data extraction tool, helps businesses automate their data entry process, catering to multiple industries such as food delivery, real estate and marketing, and has grown to over $40k in revenue per month since its launch in 2017.

Read by 10,489 founders

7. Start a data analytics software business ($454K/month)

For entrepreneurial-minded scientists, starting a data analytics software business could be a strategic move to supplement your income or transition into an entirely new venture. Being adept at data collection, analysis, and interpretation, you already possess the core skills required to develop software that addresses the specific data analysis needs of your chosen niche.

By focusing on creating user-friendly tools such as custom reporting features and interactive dashboards, you could provide invaluable insights that help organizations make data-driven decisions. Furthermore, your scientific background equips you with a critical eye for data integrity and methodology, making your software highly reliable and effective.

Narrowing down your target market and marketing your software’s simplicity and efficiency can establish you as a niche leader. This approach not only maximizes the value you offer but also positions you uniquely in a competitive landscape, making your venture both scalable and profitable.

How much you can make: $1,000 — $4,200,000/month

How long does it take to build: 150 days (?)

Diesel Laptops: From Selling on eBay to Making $20M/Year

Diesel Laptops, a B2B company that sells diesel diagnostic hardware, software, and services, successfully doubled revenue each year to make $20 million annually within three years, grew from its founder's garage and dining room table to a 21,000 square foot facility with over 90 employees by listening to customer pain points and offering the bundled products, technical support and repair information to attract and retain diesel technicians and repair shop owners.

Read by 18,835 founders

8. Build an AI tool ($297K/month)

As a scientist with a keen entrepreneurial spirit, delving into the creation of an AI tool could represent a lucrative opportunity to supplement your income or even transition into a full-fledged business venture. Given your strong technical background and experience in rigorous data analysis, the shift to developing AI tools like chatbots, virtual assistants, or machine learning platforms could be a natural extension of your skill set.

The demand for AI tools is burgeoning across various sectors, including healthcare, finance, and manufacturing. This presents a viable market for innovative AI solutions that can automate processes and improve efficiencies. With revenues from AI software projected to skyrocket to 118.6 billion U.S dollars by 2025, there is substantial potential for financial growth and impact.

By leveraging your scientific expertise and understanding of complex systems, you could create specialized AI tools that address unique industry challenges. This not only aligns with your technical capabilities but also opens doors to a new revenue stream, making the venture both impactful and financially rewarding.

How much you can make: $1,000 — $3,000,000/month

How much does it cost to start: $6,500 (?)

How long does it take to build: 57 days (?)

How I Started A $40K/Month AI-Powered Recruiting App

SkillSoniq, the world's first AI-powered recruiting app, connects companies with skilled freelancers on a trial basis, saving companies 60%+ in hiring costs and earning $350,000+ in gross revenues in its first year, with a current average of $40,000 a month, and plans to raise a second round of seed funding to achieve escape velocity and continue to form a world-class company.

Read by 9,549 founders

9. Start an AI-based business ($27.9K/month)

Starting an AI-based business as a scientist offers exciting opportunities to supplement your income or even build a substantial side business. With your expertise and analytical skills, you could harness artificial intelligence to solve real-world problems, whether it's through optimizing laboratory processes or developing predictive analytics tools for healthcare. The possibilities are vast and the demand for AI-driven solutions continues to grow.

Imagine creating software or platforms that use AI to streamline tasks, provide valuable insights, and drive innovation. Businesses are eager to operate more efficiently and reduce costs, and your AI solutions could be the key to unlocking these efficiencies. With your tech-savvy mindset and interest in emerging technologies, diving into the AI landscape could position you at the forefront of the next major technological advancement.

How much you can make: $100 — $200,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 40 days (?)

How I Started A $10K/Month App Building Agency Using No/Low Code Tools

LowCode Agency uses no/low code tools to build custom-made apps at 80% lower cost and 70% faster than traditional app development agencies, growing double digits every month and targeting $150,000 in sales in their first year.

Read by 20,999 founders

10. Start an artificial intelligence business ($60K/month)

As a Scientist, you could leverage your analytical skills and technical knowledge to venture into the rapidly growing field of artificial intelligence. With the global AI market projected to grow by approximately 54% year-over-year, reaching over 22 billion U.S. Dollars in the near future, now is an opportune time to explore AI-related business ideas. Your expertise in research methods and data analysis positions you well to develop innovative AI solutions tailored to various industries, from healthcare to environmental sciences.

You could start a side business offering AI-powered data analysis services to companies looking to enhance their research and development processes. Alternatively, creating machine learning models that predict trends or automate routine tasks could benefit firms striving for efficiency. The possibilities are expansive, and your scientific background would provide a strong foundation for a lucrative AI business in 2024.

How much you can make: $150 — $300,000/month

How much does it cost to start: $6,500 (?)

How long does it take to build: 90 days (?)

How We Started Our $100K/Month Medical Artificial Intelligence Software Company

AdviNOW Medical uses artificial intelligence to automate clerical work, resulting in doctors being able to focus solely on patients and patients seeing more doctors every day, leading to increased profitability while solving healthcare issues.

Read by 9,289 founders

11. Start a sleep coach

As a scientist, leveraging your knowledge about human physiology and evidence-based practices can make you uniquely qualified to become a sleep coach. By transforming sleepless nights into restful mornings for clients, you could offer customized strategies and support to improve their sleep quality. This entrepreneurial venture not only can supplement your income but also allows you to utilize your analytical skills to address issues such as insomnia, sleep apnea, and general sleep hygiene.

Due to the growing demand for health and wellness solutions in our increasingly stressed and sleep-deprived world, the role of a sleep coach is becoming more significant. With low startup costs primarily focused on training and marketing, this opportunity is accessible for many scientists looking to make a meaningful impact. If you're passionate about sleep science and enjoy helping others enhance their well-being, starting a sleep coach business could be a gratifying path to a fulfilling side or main career.

How much you can make: $60,000/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 60 days (?)

How I Started A $120K/Year Sleep Coaching Business

Pediatric sleep consultant earns up to $12,000 per month within the first year of launch and surpasses $454,000 in annual income by offering sleep consulting services and creating her own sleep consultant certification course with mentorship and support for students.

Read by 5,007 founders

12. Start a remote hiring company ($92.2K/month)

As a Scientist, starting a remote hiring company could be a logical extension of your problem-solving skills and analytical mindset. Remote hiring is transforming how businesses locate and secure talent, breaking down geographical barriers and widening the talent pool. You could leverage your experience with data analysis to develop sophisticated algorithms that efficiently match employers with suitable candidates.

Additionally, your ability to meticulously scrutinize details would be invaluable in creating comprehensive vetting processes to establish trust and reliability between employers and remote workers. This business not only supplements your income but also places you at the forefront of a flexible, inclusive, and global workforce. By streamlining the hiring process and offering robust support for both employers and job seekers, you could significantly impact the future of work.

How much you can make: $10,000 — $350,000/month

How much does it cost to start: $1,875 (?)

How long does it take to build: 75 days (?)

We Bootstrapped A Tech Talent Platform To $1.2M Sales In Our First Year

CloudDevs, a tech talent platform that sources and vets freelance tech talent and matches them with companies, has achieved $1 million in GMV in its first year, plans to achieve 100% growth year on year, and focuses on customer loyalty through its Net Promoter Score metric.

Read by 17,333 founders

13. Start an online poster store

As a scientist with a keen eye for detail and a passion for vibrant wall art, starting an online poster store could be an excellent way to supplement your income. You could leverage your analytical skills to curate and sell a diverse range of posters, from classic scientific illustrations to original art pieces that resonate with academic and creative communities alike.

Creating an ecommerce platform and sourcing high-quality posters would involve meticulous planning and resource management—skills you likely already possess. Digital marketing, social media, and SEO could help you reach a wide audience eager to infuse their spaces with unique, intellectually stimulating designs. By tapping into ongoing trends and offering distinctive artwork, you could build a dedicated customer base that appreciates the lifestyle you promote through your visually compelling brand.

This venture not only allows you to make extra money, but also lets you channel your appreciation for art and science into a fulfilling side business. If you’re ready to invest time and effort into this entrepreneurial path, an online poster store could be both a rewarding and profitable undertaking.

How much you can make: $1,340/month

How much does it cost to start: $500 (?)

Launching an Online Store and Documenting the Journey

An e-commerce consultant started an online store selling space posters called Apes In Space, documenting and sharing everything to provide an honest account of what it takes to start and grow an online store, with the biggest month yet in February making over $1,300 in sales.

Read by 6,120 founders

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

As a scientist, cultivating an AI-based business solution could be an excellent way to supplement your income or even launch a full-fledged venture. Harnessing your analytical skills, you could develop AI tools that enhance business processes, such as customer service automation, data-driven decision making, or predictive market analytics. This approach not only taps into a growing market but also leverages your expertise in scientific research and data analysis.

AI solutions are increasingly in demand, offering businesses the ability to streamline operations, reduce costs, and gain competitive advantages. With user-friendly platforms and comprehensive support from AI technology providers, you don’t need a background in tech to get started. By focusing on high-impact areas within businesses, you could significantly boost business performance and carve out a niche in this rapidly expanding field.

How much you can make: $4,000 — $120,000/month

How long does it take to build: 125 days (?)

How We Launched A $120K/Month Audiobook Publishing Course

Mikkelsen Twins grew an online education company from scratch with over 800 students, making over 6-figures in profit every month thanks to their successful program, Audiobook Income Academy 2.0.

Read by 21,992 founders

15. Start an AI SaaS business ($39.3K/month)

As a scientist, you could leverage your analytical skills and technical expertise by starting an AI SaaS business, offering cloud-based software solutions powered by artificial intelligence. These solutions could range from natural language processing tools to predictive analytics, enabling businesses to access cutting-edge technology without needing extensive infrastructure. By designing and deploying these applications, companies would subscribe to your services, providing you with a recurring revenue stream.

With the growing demand for innovative AI solutions across various industries, this entrepreneurial venture allows you to tap into a thriving market. Although it requires solid skills in AI and software development, the potential payoff is significant, and you'll have the satisfaction of contributing to technological advancements. If you possess a keen understanding of different sectors' needs and a vision-oriented mindset, launching an AI SaaS business could be your step towards a scalable and successful enterprise.

How much you can make: $150 — $200,000/month

How much does it cost to start: $2,750 (?)

How long does it take to build: 20 days (?)

How I Bootstrapped My Notion Form Builder $180K ARR

NotionForms, a SaaS company offering a form builder integration to Notion, boasts an impressive total of 26k users, 850 paid subscribers, and an ARR of $182k, with steady growth since its launch and being used internally by many huge tech companies.

Read by 8,421 founders

16. Start an internet marketing consulting business ($82.3K/month)

As a scientist, your analytical skills and data-driven mindset make you well-suited to start an internet marketing consulting business. You could leverage your expertise in search engine optimization, content creation, and website analytics to provide customized solutions that help companies improve their online presence and reach a wider audience. Your precision and attention to detail could ensure that marketing campaigns are not just creative but also highly effective.

By offering your consulting services to local businesses and startups, you could highlight your ability to cost-effectively drive web traffic, convert visitors, and expand their brand's digital footprint. Staying up-to-date on the latest online marketing best practices and trends will allow you to guide your clients in making smart, data-driven decisions that maximize their Return On Investment (ROI).

Overall, your scientific background equips you with unique analytical and research skills that can be incredibly valuable in the world of internet marketing, offering you multiple opportunities to supplement your income or even transition to a new entrepreneurial venture.

How much you can make: $5,000 — $350,000/month

How much does it cost to start: $7,500 (?)

How long does it take to build: 90 days (?)

How We Launched A $5K/Month Content Writing Solutions Service

Content writing company 411Writers started with $13.99 and now generates over $50,000 revenue per month, providing clients with unique website content for both search engines and human readers.

Read by 7,465 founders

17. Start a personal finance blog ($219K/month)

As a scientist, starting a personal finance blog could allow you to leverage your analytical skills to help others navigate the complexities of money management. You could focus on topics like budgeting, investing, saving for retirement, or paying off debt—areas where your logical approach and attention to detail can provide valuable insights.

You don't need to be a financial expert to start; relative knowledge and effective research are often sufficient. This venture could be both fulfilling and profitable, enabling you to monetize your content through affiliate marketing, sponsored posts, eBooks, or online courses. Imagine helping people transform their financial lives while also creating a steady income stream for yourself.

How much you can make: $2,500 — $2,000,000/month

How much does it cost to start: $350 (?)

How long does it take to build: 7 days (?)

How We Grew Our Personal Finance Blog To $2M/Year

DollarSprout.com, a personal finance blog geared towards millennials, went from zero to over $2 million in revenue in four years through a laser focus on affiliate marketing, constantly creating useful, keyword-oriented content that helps readers solve a problem, SEO, and diversifying income verticals.

Read by 21,491 founders

18. Start a custom app development service ($193K/month)

As a Scientist with a strong analytical background and problem-solving skills, starting a custom app development service could be an excellent way to supplement your income or even launch a new career. You could leverage your scientific expertise to develop specialized applications for research labs, educational institutions, or companies requiring unique solutions beyond standard software.

Working closely with clients, you could translate their specific needs into functional, user-friendly apps that enhance efficiency and drive innovation. Although this venture demands solid programming skills and continuous learning, the opportunity to create tailored solutions and make a meaningful impact can be both financially rewarding and professionally satisfying.

How much you can make: $10,000 — $700,000/month

How long does it take to build: 80 days (?)

How This Self-Taught Developer Started A $125K/Month Software Agency

How a self-taught engineer built a software development studio, Materialize, into a 18-person team with a revenue of $125k per month, by leveraging his technical expertise and establishing well-defined processes to build products efficiently and cost-effectively.

Read by 9,004 founders

19. Start a SEO services ($87.4K/month)

Starting an SEO services business could be a highly rewarding venture for scientists who are entrepreneurial-minded. With your analytical skills and data-driven approach, you could excel in optimizing website content, building quality backlinks, and performing keyword research to improve the online visibility of businesses. By leveraging your expertise in research and analysis, you could offer invaluable insights to help small businesses rank higher in search results and attract more customers.

Moreover, this side business requires minimal upfront investment, mainly needing a computer, internet connection, and some foundational SEO knowledge. As a scientist, you could efficiently manage this low-cost business alongside your primary career, potentially supplementing your income with the flexibility of your own schedule. Whether you want to make extra money or ultimately transition to a full-time entrepreneurial endeavor, SEO services could be a fitting and profitable option.

How much you can make: $3,000 — $800,000/month

How much does it cost to start: $1,000 (?)

How long does it take to build: 60 days (?)

How I Started A $28K/Month Boutique SEO Company

This case study describes the journey of Russell Michelson who, after leaving his corporate job, turned his WordPress skills into a thriving boutique SEO agency earning $20k/month, thanks to client referrals and Upwork.

Read by 9,619 founders

20. Start a word counting software

As a scientist, venturing into the development of word counting software opens the door to supplement your income by leveraging your analytical skills. This business idea involves creating a tool that counts words, characters, and assesses readability scores, which can be highly useful for managing your academic manuscripts. Your scientific background equips you with the precision and problem-solving skills necessary to build reliable and efficient software.

Moreover, this software has broad applications beyond the scientific community, including writers, students, marketers, and legal professionals. By incorporating advanced features such as grammar checks, keyword density analysis, and export options, you could offer a comprehensive solution that addresses the specific needs of various user groups. The demand for such tools is on the rise, driven by the ever-growing importance of digital content, making this a promising venture for sustained revenue.

How much you can make: $20,000/month

How long does it take to build: 90 days (?)

I Built An Online Word Counter Tool That Makes $20K/Month [Google's Top Result]

Founder Kevin Miller's online word counter tool achieved over 300,000 keyword rankings, over 2,400 domain referrals and made $40,000 per month through Google's top results in just two years through SEO practices, proving the value of investing in quality and SEO.

Read by 12,349 founders

21. Start a SEO website ($101K/month)

As a scientist, you could leverage your expertise by starting an SEO website that focuses on your specialized field. Utilizing skills like keyword research and on-page optimization, you could create a niche blog that attracts other scientists, researchers, or even students interested in your field. This could not only supplement your income through ad revenue or affiliate marketing but also establish you as a thought leader, increasing opportunities for speaking engagements and collaborations.

The scalability of an SEO website allows you to start small and build over time, utilizing tools like Google Analytics and Ahrefs to track and improve your efforts. Cost-effective marketing and the long-term sustainability of SEO make it a practical side business. Plus, the reliance on search engines for information ensures your content will have a consistent audience, making this a viable and rewarding venture for entrepreneurial-minded scientists.

How much you can make: $3,500 — $390,000/month

How much does it cost to start: $480 (?)

How long does it take to build: 45 days (?)

I Got Tired Of Being Underpaid And Left To Start A $4M/Year PPC & SEO Growth Agency

Digital Position, a digital marketing agency, was founded by Roger Parent, who was unhappy being underpaid at his job; the company is now generating over $330k/month in revenue, and aims to generate $5m in 2022, with a long-term goal of hitting $30m before Parent is 40.

Read by 9,359 founders

22. Start a sales leads business ($452K/month)

If you’re a scientist with an entrepreneurial streak, you could consider starting a sales leads business to supplement your income or even build an entirely new enterprise. Given your methodical approach and aptitude for data, you could excel in generating, verifying, and selling contact information and other relevant details of potential clients to businesses. This involves researching, collecting, and meticulously ensuring the accuracy of data, skills in which you are already proficient.

Imagine leveraging your expertise to help companies find valuable prospects ready to buy. Using tools and techniques like online databases, social media, and company websites, you could offer a high-demand service across various industries. As companies are eager to outsource the crucial yet tedious task of lead generation, this venture could provide you with ongoing opportunities and a rewarding side business.

How much you can make: $1,000 — $3,333,333/month

How much does it cost to start: $1,500 (?)

How long does it take to build: 150 days (?)

How I Created A $5M/Year LinkedIn Marketing Automation Tool

Dux-Soup is a LinkedIn automation tool that helps business owners and sales & marketing professionals generate more leads, increase efficiency, and save time; with over 70,000 users and revenue of nearly $5 million, it offers automated top-of-the-funnel LinkedIn outreach activities, targeted LinkedIn campaigns and multi-touch & personalized LinkedIn drip campaigns for lead generation.

Read by 8,916 founders

23. Start a product development consulting business ($119K/month)

As a Scientist, you could supplement your income or even start a side business by offering product development consulting services. This business involves helping companies transform their concepts into tangible, market-ready products, leveraging your scientific expertise to guide them through market research, prototype creation, and product launch strategies.

The field offers a blend of creative problem-solving and strategic planning, keeping your work dynamic and engaging as you interact with various industries. Your ability to save companies time and resources while maximizing their products' potential would be highly valued, building your reputation and fostering rewarding client relationships.

With a solid understanding of various markets and a knack for innovation, this could be a fulfilling and lucrative venture. If you’re detail-oriented and love bringing ideas to life, product development consulting could be the perfect entrepreneurial path for adding significant value to your career.

How much you can make: $21,000 — $300,000/month

How much does it cost to start: $6,000 (?)

How long does it take to build: 30 days (?)

I Built $140K+ MRR SaaS With No Audience & Sold It For $3.5M

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.

Read by 10,034 founders

24. Start a startup consulting business ($102K/month)

As a scientist, your analytical skills and expertise in complex data interpretation make you an ideal candidate for starting a startup consulting business. You could leverage your ability to digest intricate information and form actionable strategies to guide budding entrepreneurs through the initial phases of launching their ventures. By offering sound advice and step-by-step action plans, you could help turn ambitious concepts into thriving businesses.

This venture allows you to supplement your income while honing your expertise in business dynamics and strategic decision-making. If you thrive in a challenging and ever-evolving landscape, startup consulting could provide the satisfaction of mentoring entrepreneurial enthusiasm while also positioning you as a catalyst for the next big idea.

How much you can make: $1,500 — $1,399,996/month

How much does it cost to start: $1,000 (?)

How long does it take to build: 90 days (?)

How I Started A $9M/Year Company Outsourcing Support For Startups

This case study follows the founder of SupportNinja, a company that specializes in providing back-office and customer support outsourcing for tech companies, which generates over $9M ARR, has over 100 clients, and has seen a growth rate of 3,684% in the past 3 years.

Read by 10,934 founders

meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.