Data Mining Consulting Business

Business Idea: Start A Data Mining Consulting Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$49.7K
Avg Startup Costs
$11.7K
Score
73
Market Size
Avg Revenue
Min Revenue
$4K/month
Max Revenue
$105K/month
Avg Days To Build
90 days

Data mining consultants extract information to uncover hidden patterns, market trends, customer preferences, and other critical business information. Data mining applications include:

  • Financial data analysis
  • Retail industry
  • Telecommunication industry
  • Biological data analysis
  • Intrusion detection

Are you looking for a well-paying business opportunity in the data science field? Consider becoming a data mining consultant.

Revenue & Profitability

How much do data mining consulting businesses make?

Startup Costs

How much does it cost to start a data mining consulting business?

  • It can cost as low as $2,000 to start a data mining consulting business.
  • It can cost as high as $30,000 to start a data mining consulting business.

Learn more about the costs of a data mining consulting business.

Examples Of Successful Data Mining Consulting Businesses

Successful data mining consulting business businesses and case studies

Addepto is an AI consulting business that has grown to over 30 employees and generated $1.26 million per year by offering customized solutions to clients, minimizing business risks with AI, integrating data from multiple sources, and optimizing logistic processes.

$105K Monthly Revenue
$30K Startup Costs
Read by 4,736 founders

Trust Insights is a digital marketing consultancy that focuses on data analysis, utilizing Artificial Intelligence to solve problems and help businesses understand how to use their data to their advantage, with a free Slack community that boasts over 2,500 members and a weekly email with over 20,000 subscribers.

$40K Monthly Revenue
$2K Startup Costs
Read by 3,579 founders

See full list of successful data mining consulting businesses.