50 Tax Free Business Ideas You Can Start In 2024
Interested to start a tax free business but not quite sure what to start?
The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.
If you're looking to start your own tax free business, there are several low-investment options you can choose from.
We put a list together below of the most profitable tax free business ideas you can start today!
Here they are:
1. Start a book club
A book club consists of several people who read and talk about the books based on the topic or an agreed reading list.
Setting up your book club can be a great way to enjoy books and meet new people.
More importantly, a book club is a well-paying side hustle idea. Therefore, figure out who you invite to your book club and define the purpose.
Do you want to learn something new, or do you just want to bond with other book lovers? Having a defined purpose helps you reach like-minded people to keep the book club close-knit.
How much you can make: $4,000 — $90,000/month
How much does it cost to start: $7,550 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 5 hours/week
Two friends started an online book club that now has 570 members and generates £10,500 MRR, by addressing the problem of 'Tsundoku,' charging a monthly subscription fee for one non-fiction book, one inspiring meetup, and one custom cocktail, inspiring conversation and community.
2. Start a crowdfunding platform
Raising money for your project can be difficult. Crowdfunding is one way to get funding through a large number of smaller investments. If you have some expertise in a particular area that may be useful to other people, there's no better time to take action. The crowdfunding revolution is happening right at your fingertips.
Crowdfunding has exploded over the past year, and you need to be a part of it. The Worldwide crowdfunding market share is expected to increase by $240B from 2021 to 2026. Crowdfunding is one of the quickest ways to get funding and build your brand.
How much you can make: $5,000 — $400,000/month
How long does it take to build: 272 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.
3. 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.
4. Start a skills training business
It is a great idea to start a skill training business with a website-oriented online presence, aimed towards helping people learn new skills. Starting your own skills training business doesn’t require a lot of money, but it can have a significant impact on your life and others.
The global skills training market is expected to reach $47.2B by 2027. If you’re looking for financial freedom, starting your own skills training business is the way to go. Training clients and building an impressive portfolio will allow you to charge higher rates and start living the life of your dreams.
How much you can make: $1,500 — $350,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 90 days (?)
Online learning community Frontend Mentor has over 200,000 members, with over 1,500 paid subscribers generating over $15,000 MRR, offering professionally designed challenges to improve front-end coding skills with a freemium business model and a focus on real-life experience.
5. Start a cooking class
Online cooking classes can be a great side hustle for seasoned chefs or cooking enthusiasts looking for a way to earn some extra cash. You can create content and teach your audience how to prepare meals.
Consider creating members-only content to earn more from your cooking class side hustle. Alternatively, you can sell recipes for a small fee as well. To grow your reach, consider offering some free content on your social media pages as a way to build curiosity among potential audiences. You can charge your audiences a subscription fee so they can have exclusive access to your content.
To start cooking classes , choose a niche and follow your passion. Create a website and maintain an active social media presence. Apart from online cooking classes or live sessions you can also offer exclusive offline weekend classes to give your audience a hands-on personal experience.
How much you can make: $100,000/month
Time commitment per week: Min. 5 hours/week
Hipcooks is a 7-location cooking school business that has grown organically to reach $100k/month in revenue, and attracts and retains customers through their communal approach, vibrant online presence, and updated Google and Yelp business pages.
6. Start a dating website
A dating website is a great way to connect people who are looking for love. It is a platform that helps people to find and connect with potential romantic partners. This service offers a variety of features, including a profile creation tool, a search engine, and a messaging system.
If you are interested in starting a business that helps people find love, then starting a dating website could be a great option for you. This business is growing in popularity as more people are looking for ways to meet partners online.
Tinder has taken over the world! It is so popular that it brings in revenues of $1.4B per year.
Some recent trends that are making dating websites more popular include the growth of the online dating market, the rise of mobile dating apps, and the increasing acceptance of online dating.
How much you can make: $1,300 — $833,333/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 45 days (?)
This case study follows Pat Stedman, founder of The Dynamic Man, LLC, and his journey to building a successful dating and relationship coaching business that now earns around $25,000 - $35,000 per month through coaching services and passive income products like his 19-hour video masterclass.
7. Start an online video editing business
Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.
To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.
How much you can make: $2,000 — $100,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 180 days (?)
VEED.IO, a London-based start-up co-founded by Sabba and her partner, offers a simple online video editing platform using batch job cloud architecture to help social media managers across the world auto subtitle, filter, rotate videos and much more, earning the company $5,300 MRR and the founders Ramen profitability within just a year of starting.
8. Start a mobile photography business
Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.
There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!
To start mobile photography , research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.
How much you can make: $2,000 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 190 days (?)
Photobooth Supply Co. offers a profitable business opportunity through their sleek and portable photo booths, with up to 97% satisfaction rate and a focus on customer experience, in a fast-growing event industry where photo booths are exploding.
9. Start a car sharing service
Globally, people are looking for the most cost-effective way to move about. The increasing cost of car ownership has forced people to car sharing services.
Car sharing is where vehicle owners offer their vehicles for others to rent for a short period. The arrangement saves gasoline, parking fees, maintenance costs, taxes, and other expenses. Also, car sharing is a practical alternative for those on a budget who do not necessarily need full-time access to a vehicle.
According to experts, the global car-sharing market has exceeded 2 billion and will keep growing at a CAGR of over 20% for the next decade. In that regard, starting a car-sharing service presents a lucrative business opportunity.
With enough capital, you can purchase multiple vehicles and launch your car-sharing service.
10. Start an installing Christmas trees and lights business
11. Start a fair or carnival vending buiness
12. Start an excursions for school children business
How long does it take to build: 365 days (?)
13. Start a community training and mentorship business
A community training and mentorship business involves developing and facilitating personal development programs and workshops tailored for underserved groups.
As an entrepreneurial founder, you design a curriculum covering career readiness, financial literacy, and life skills that empower your target communities.
With flexibility for in-person or digital delivery methods, building an impactful training program allows creators to uplift and maximize human potential.
For aspiring educators and coaches seeking a social enterprise model, launching community-focused classes presents accessibility alongside scalable profit potential earned by unlocking student success.
How much you can make: $1,000 — $50,000/month
How much does it cost to start: $1,200 (?)
How long does it take to build: 57 days (?)
MentorCruise is a career coaching marketplace generating $24k MRR and processing $1M annually for mentors, with most traffic and sales coming from SEO and organic sources, currently looking to expand to the B2B market.
14. Start a student exchange program
15. Start an amazon FBA business
Amazon is ripe with opportunity, which is making it possible for people to make a lot of money with little investment or effort.
Amazon has over 2.3B visitors per month, With this huge audience, Amazon is an amazing opportunity to start your own business. In fact, you can sell products with very low competition.
How much you can make: $2,300 — $500,000/month
How much does it cost to start: $5,500 (?)
How long does it take to build: 90 days (?)
Jeff started Stoic Muse, a creative side project selling 100-150 t-shirts per month ($3K revenue) on Etsy, without any upfront costs for prototyping or manufacturing, by learning graphic design and using Print on Demand to fulfill the merch.
16. Start a house painting business
Starting a house painting business can be a rewarding and lucrative endeavor. With the right skills, equipment, and a bit of luck, you can provide a valuable service to homeowners looking to spruce up their living spaces.
You'll need to invest in basic painting supplies such as brushes, rollers, ladders, and drop cloths to get started. You'll also need to invest in protective gear, such as masks and gloves, to ensure the safety of yourself and your clients.
Once you have your equipment, you can start marketing your services to potential clients. You can use social media, word-of-mouth referrals, or even old-fashioned flyers and business cards to get the word out.
As your business grows, you should invest in additional equipment, such as sprayers and power washers, to expand your services. You can also consider hiring additional workers to help with larger jobs and to allow you to take on more work.
With hard work, determination, and a little luck, your house painting business can thrive and provide a steady income stream. And who knows, you may even find yourself becoming the go-to painter in your community.
How much you can make: $27,500/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 60 days (?)
Hometown Painting LLC, an exterior residential painting company founded by a husband-wife duo, went from no sales in their first year to over $100,000 net profit the next year, and is projected to reach half a million in annual sales with a 30-35% net margin with continued growth and adding more crew in the next year.
17. Start a video game download website business
18. Start a jersey customization business
19. Start a community vigilante group business
20. Start a lawn care service
Are you ready to begin your lawn care business and be your boss? A lawncare business offers lawn aeration, Seeding, fertilizing, soil acidity tests, and controlling weeds, among other services. If you love creating amazing landscapes, consider starting a lawn care company.
To start lawn care legally and run it profitably, you must register the business legally. You can get into a franchise or start a business from scratch. Decide what lawn care services you will offer and your target clients.
To offer effective service, purchase lawn care equipment, and hire skilled lawn care personnel.
How much you can make: $10,000 — $375,000/month
How long does it take to build: 75 days (?)
GreenPal has bootstrapped their business to over $30 million a year in revenue, after securing an unsecured line of credit for $85,000, and have built the operating system and platform for small lawncare companies to run their entire business through, becoming live in all 50 US states and having 1.2 million homeowners using the platform.
21. Start a museum
22. Start a waste recycling business
If you have a passion for saving the planet and going green, starting a waste recycling business may be the right route for you to take. Waste recycling is the process of collecting and processing materials that would otherwise be trashed and processing them into new products.
Starting a waste recycling business is not only profitable, but it can also benefit the community and the environment. To start a waste recycling business, research the industry and determine the costs involved. Then, register the business and equip your waste recycling facility.
How much you can make: $100,000 — $230,000/month
How long does it take to build: 135 days (?)
This case study showcases the story of a locally owned and operated residential waste removal business based in Colorado Springs started with a pick-up truck and a $35k loan, which now has 51 dumpsters, two roll-off dumpster delivery trucks, two residential garbage trucks, and is projecting $700-800k in sales for 2020.
23. Start a paper recycling business
According to statistics, the demand for recycled paper is increasing at a CAGR of more than 7% in developing counties.
The high machinery cost and inefficient collection of waste paper are reasons behind the growing demand.
As a result, the primary focus of the local paper recyclers is the establishment of proper collection and segregation systems to facilitate waste paper collection. Therefore, starting a paper recycling business can be profitable.
How much you can make: $16,000/month
How long does it take to build: 100 days (?)
Bagitan Packaging in China started out as a thermography paper roll business and has since expanded to become leaders in the packaging industry with annual net revenue of $200,000 and over 50 employees, thanks to digital marketing and a focus on SEO.
24. Start a scrap gold recovering and selling business
25. Start a vehicle licensing brokerage service
26. Start a tour guide service business
Tour guides are members of the hospitality and travel industry. Professional tour guides ensure itineraries are met and that tourists are informed entertainingly. Tour guiding businesses lead guests on excursions that would otherwise be unavailable to them.
To start a tour guide business, explore your location and its potential for attracting tourists. Understand the regulatory environment and create a business plan detailing your services and how you intend to deliver value to the customers.
How much you can make: $10,000 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 85 days (?)
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.
27. Start a roof repair business
Roof repair and replacement services remain in demand among homeowners and commercial property owners. The need for roof repair services is often because of storms and old roofs that become leaky, requiring immediate replacement.
If you want a home improvement business opportunity, consider starting a roof repair business. To start the roof repair business, you need to be a registered professional roofer, equipped with the right roofing tools, and have the skills to re-design and re-roof properties.
Register your business and acquire the necessary licenses to start marketing the roof repair services.
How much does it cost to start: $548 (?)
28. Start a garage sale business
Got an eye for bargains and a knack for organizing? A garage sale business might be your calling. This business idea is centered on sourcing items you no longer need—or that you can buy at low prices—and selling them for a profit through organized garage sales. It’s a straightforward concept but requires some effort to execute effectively.
You'll need to scout for items that people are willing to buy, organize sales, and promote them to attract a crowd. Think of it as an ongoing treasure hunt that monetizes clutter. You can also offer your services to others, assisting them in organizing and running their own sales for a fee, expanding your reach.
Starting a garage sale business is not just about clearing out spaces; it’s about creating value from the overlooked and undervalued, giving you the opportunity to turn hidden gems into real earnings.
How much you can make: $7,000/month
How much does it cost to start: $1,000 (?)
This case study details a woman who started a women's gym apparel business from her garage, and has since grown consistently, with $7k a month in sales, by retaining customers through personal connections & genuine marketing, and plans to continue expanding with her passion.
29. Become a forex trader
Interested in navigating the thrilling world of currency exchange? Consider becoming a forex trader. This business involves speculating on the price movements of currencies, buying low and selling high to generate profit.
Forex trading requires a solid grasp of market trends and a keen analytical mind. You'll need to dedicate time to education, continually refine your trading strategies, and stay updated on global economic news.
The allure of forex trading lies in its potential for substantial returns, and the flexibility to trade from anywhere with a stable internet connection. Plus, the market operates 24/5, so you can trade at times that suit your schedule.
If you're disciplined, comfortable managing risk, and intrigued by financial markets, forex trading could be a lucrative pursuit. It takes dedication and ongoing learning, but the rewards can be significant for those willing to put in the work.
How much you can make: $1,200 — $100,000/month
How much does it cost to start: $388 (?)
How long does it take to build: 60 days (?)
Entrepreneur Sina Sinry started an eCommerce business selling the best performing forex robot, generating monthly earnings of over $100,000 from his digital products, which he developed with the help of professional developers and found success through Facebook Ads.
30. Start a small scale fumigation service business
31. Start a dog breeding business
The dog breeding business is a great business to start if you have a passion and love for dogs. It can be a profitable business, but it takes time to build.
Starting to breed dogs is a lucrative business. The dogs are sold by breeders to buyers at an exorbitant price, who then sell them for a profit.
If you want to start a dog breeding business, then you need to first find out what kind of dogs are popular at the moment. You'll have to find and breed dogs that are compatible with each other and their new owners before they're ready for adoption!
As of October 27, 2022, the average Dog Breeder salary in the United States is $55,175, but the salary range typically falls between $49,079 and $61,740. Salary ranges can vary substantially based on a variety of critical factors, including education, certifications, extra competencies, the length of time you've been in your profession.
32. Start an educational center
An education center provides technical, commercial, or vocational training. With more people interested in undertaking education as an investment for acquiring skills and knowledge, starting an educational center can be a great business idea.
Besides, starting an education center is a chance to make a difference in the lives of learners every day.
To start your education center, write a detailed business plan and get startup funding. Find a great educational center location and hire qualified teachers or tutors.
Utilizing both local advertising and digital marketing techniques allows you to reach new customers much more quickly.
33. Start a plumbing business
With hands-on knowledge in plumbing, you can start a business that focuses on diagnosing and repairing plumbing issues, installing fixtures, and maintaining plumbing systems.
As a plumber, your day-to-day activities will involve responding to service calls, troubleshooting plumbing problems, conducting installations or repairs, and providing guidance to clients on plumbing-related matters.
How much you can make: $40,000/month
How much does it cost to start: $7,000 (?)
How long does it take to build: 365 days (?)
A second-generation family-owned plumbing and leak detection business shares their success in obtaining repeat business through word of mouth referrals, staying true to their core principles, and using cutting-edge technology to provide top-notch service to clients.
34. Start a real estate brokering business
Real estate brokering involves helping individuals and businesses buy, sell, and rent properties. As a real estate broker, you will connect buyers and sellers, negotiate prices, and handle the paperwork. To start a successful real estate brokering business, you must obtain a state license. This typically involves completing a certain number of real estate courses and passing a licensure exam.
In addition to a license, you will also need a strong understanding of the local real estate market and a network of clients and contacts. Marketing and networking skills are essential for attracting new business and building your client base. You should also be organized and able to manage multiple tasks and deadlines, as real estate transactions can be complex and time-sensitive.
To run a successful real estate brokering business, you must stay up-to-date on industry trends and regulations. This may involve continuing education courses and keeping abreast of changes in local zoning laws and market conditions.
Overall, real estate brokering requires legal knowledge, marketing savvy, and strong negotiation skills. If you are driven and passionate, starting a real estate brokering business can be a rewarding and lucrative career path.
How long does it take to build: 7 days (?)
35. Start a voice over service
Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.
Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.
To become a voiceover artist, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.
How much you can make: $400 — $85,000/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 150 days (?)
Voice Crafters, a multilingual voice-over agency and marketplace founded by Mony Raanan, doubled their revenue to over $765,000 in 2022 with a bottom line of around 30% after transitioning to an online marketplace and carefully vetting their network of over 1,000 professional voice actors in more than 80 languages.
36. Become a ghost blogger
A ghost blogger is simply a writer who specializes in producing blogs for other people.
As a ghost blogger, you can earn between $300 and $1,500 per week, depending on word count and topic.
Ideally, the ideas and knowledge contained in the article originate from the publicly named author.
Therefore, as a ghostwriter, your role is to put the ideas into words.
How much you can make: $450 — $24,000/month
How much does it cost to start: $150 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Content strategist Lacy Boggs leveraged her love of blogging and desire for a more flexible schedule to grow her business from a solo "Ghost Blogger" to a full agency with four writers and a cabal of contractors that helps businesses create bespoke content strategies and consistent traffic, yielding over a ($300k) year in revenue.
37. Start a language translation service
Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.
To become a language translator , master a second language and earn some experience so you become fluent in the second language.
How much you can make: $5,000 — $550,000/month
How long does it take to build: 90 days (?)
How this founder started a $100K/month guaranteed transcription service for medical, legal, law enforcement, financial, academic and general business industries, winning the NASPO ValuePoint transcription services contract over 26 other companies and learning valuable lessons about getting a coach and getting as much PR as possible.
38. Start a pay per view website development business
39. Start a music streaming app
Music streaming apps allow the consumption of audio content in different formats. The global music streaming market recently recorded a CAGR of 14.7%, and experts project it will reach $29.45 billion in the next few years.
The rising penetration of digital platforms and the growing use of smart devices are some factors boosting the market growth. Therefore, developing a music streaming app in 2024 can be a great chance to make money.
How much you can make: $70,000 — $150,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 135 days (?)
Streamloots is a marketplace where viewers can buy real-time interactions with live streamers, allowing content creators to monetize their audiences and earning over $1M in just the last quarter with a community of more than 12K active streamers.
40. Start a foreign language training business
Are you interested in starting a foreign language training business? Great!. Language training can be a rewarding and lucrative business idea, especially if you have a passion for teaching and a talent for languages.
You will need some basic materials and resources to start a foreign language training business. First, you must choose which language(s) you will teach. It’s essential to have a strong foundation in the language(s) you plan to teach, so it may be necessary to take additional courses or become certified in the language(s) you choose. You will also need to create a curriculum and materials for your classes, such as textbooks and worksheets.
You will need to find students to take your classes to operate your business. Finding students can be done through advertising and marketing, such as creating a website or social media presence and reaching out to local schools and businesses. You will also need to decide on a pricing structure for your classes, whether by the hour, session, or course.
Teaching foreign languages can be a rewarding and fulfilling business, especially if you have a passion for language learning and teaching. You can start and operate a successful foreign language training business with some basic materials and resources.
How much you can make: $120,000/month
How much does it cost to start: $60 (?)
How long does it take to build: 5 days (?)
Live Lingua, an online language learning platform, built a 7-figure business on a bootstrap budget using SEO and launched thanks to the Mexican swine flu, with the company now growing at around 20% a year every year since then.
41. Start an ice block making and selling business
42. Start an online wallpaper creation and selling business
43. Sell tickets
The ticketing business involves the sale of tickets for events, such as concerts, sporting events, and theater productions. The business typically involves purchasing tickets from the event organizer or ticketing company and reselling them to the public at a markup.
To run a successful ticketing business, it is essential to have a reliable source of tickets, a strong marketing strategy, and a clear understanding of the demand for the events you sell tickets for. It is also essential to have a system for tracking ticket sales and handling customer inquiries.
One essential tip for success in the ticketing business is to offer a wide range of ticket options, including VIP packages and seating options, to appeal to different types of customers. It is also essential to stay up to date on industry trends and to be flexible to adapt to changes in the market.
Finally, building solid relationships with event organizers and ticketing companies can be crucial for securing a steady supply of tickets and for negotiating favorable terms for your business. By focusing on customer satisfaction and building a reputation as a reliable and trustworthy ticket seller, you can establish a successful ticketing business that thrives in the competitive entertainment industry.
How much you can make: $500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 75 days (?)
A successful ticketing platform that grew from a side project into a business that issues over 5 million tickets annually, using a combination of cold calling, word of mouth, and partnerships to attract and retain customers while navigating the challenges of COVID-19.
44. Become a tutorial video creator
A tutorial video is a subcategory of instructional videos that share knowledge and interact with viewers. Different forms of tutorial videos include:
- Presentation: common among college professors and teachers
- Niche videos: short 10-15 minutes tutorials covering a wide range of topics
- Training videos: teach candidates the skills they need to perform better at work
Creating tutorial videos is not a difficult task. With a proper strategy, you can make a tutorial video. Invest in a professional camera for your business and start creating a tutorial video. Then, outline the video contents you intend to create and create scripts.
How much you can make: $8,333 — $85,000/month
How much does it cost to start: $2,554 (?)
How long does it take to build: 30 days (?)
Better Sheets is a Google Sheets tutorial providing screencasts to small businesses, earning $2,291 from 134 sales in May, with sales being mainly driven by AppSumo.
45. Start a cryptocurrency exchange service
The cryptocurrency market is growing exponentially. A good business idea you can start in this line is a cryptocurrency exchange. A cryptocurrency exchange is an online marketplace where users trade cryptocurrency. A cryptocurrency exchange works similarly to an online brokerage. Users can trade crypto for fiat or crypto for crypto.
How much you can make: $25,000 — $50,000/month
How long does it take to build: 150 days (?)
SimpleSwap, a user-friendly and reliable service for cryptocurrency exchanges, attracts over 200,000 monthly active users with an average monthly revenue of $50,000 by offering a simple and convenient exchange process and superior customer support.
46. Start a call cards and data bundles selling business
47. Start an ebay reseller business
The basic idea of eBay reselling is to buy a discounted product, sell it on eBay, and ship it out for a profit.
Buying and reselling on eBay can be a profitable business. You can pick something at a lower price during its off-peak selling season and resell it individually when its demand is high.
To start an eBay reselling business, you should register as a business seller.
How much you can make: $4,000/month
How long does it take to build: 1 days (?)
Reselling business that has grown into a full-time venture, generating around $4,000/month, by cross-listing products on multiple platforms, primarily focusing on fashion but also including hard goods and furniture, while also offering downsizing services and planning to launch a website about the work-from-home lifestyle.
48. 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: $2,250 (?)
How long does it take to build: 57 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.
49. Start a home tutoring business
A home tutoring company is an educational company that offers private tutoring from a tutor who visits the students at the student’s home.
Home tutoring is a growing business opportunity for motivated people and comes with the flexibility of working anytime, anywhere, and creates a passive income.
If you love teaching and helping others, one way to make money is to start a home tutoring business. Whether you want to tutor kids or adults, there’s a niche for you.
Once you have started your home tutoring business, promote it by putting fliers at other stores and on bulletin boards at colleges and libraries. Also, engage parents and guardians for home tutoring opportunities.
How much you can make: $100,000 — $830,000/month
How long does it take to build: 365 days (?)
Third Space Learning has become the largest online tutoring company in the UK schools market with around 75% of English primary schools and over 100,000 teachers signed up, generating around £8m in revenue this year and delivering nearly 800,000 hours of teaching to just under 70,000 pupils since 2015, with plans to expand globally in the future.
50. Start a writing & editing business
A writing and editing business is a business that provides writing, editing, and sometimes proofreading services. Such businesses market their services to businesses, corporations, and individuals who might require those types of services.
The earning potential of writing and editing is incredible. Freelancing is one of the best ways to earn some extra money. If you like writing and editing, then freelancing can provide you with an opportunity to prove yourself as an expert, increase your network and help steer your career in a new direction.
Writing is one of the easiest businesses you can start. You might dream of becoming a professional writer, selling your stories to famous magazines, or writing books that millions around the planet will read.
How much you can make: $2,000 — $2,000,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 75 days (?)
Time commitment per week: Min. -1 hours/week
A founder shares how he built AudioPen.ai, a tool that transcribes voice notes, generating $15,000 monthly with minimal costs and no paid marketing, highlighting the importance of focusing on the product, word of mouth, and personal communication with users for sustainable growth.
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.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
