Monday, 12 September 2022

 

1. Start a CRM business ($437K/month)

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 Can You Make?
$5,000 — $2,100,000/month
Average Initial Investment 
$229,166

CASE STUDY

My name is Lars Helgeson and I am the founder of GreenRope, a CRM and marketing automation platform. Our company started in 2000 as an email marketing SaaS and in 2008 decided to focus on the challenges that businesses face in managing sales, marketing, customer service, and operations.

GreenRope has over 1,000 customers in over 20 countries, ranging from startups to universities and municipalities.

on-starting-a-160k-month-crm-automations-company-after-a-us-air-force-career

2. Create a landing page builder ($14K/month)

Let's face it: creating a product is easy; creating a product that sells is the real challenge. Many startups have great looking websites but lack a highly converting landing page. A landing page builder does just that, it builds landing pages for you.

Unbounce, a popular landing page tool, makes nearly $26M per year.

How Much Can You Make?
$10,000 — $160,000/month

3. Start a 3d printing business ($260K/month)

3D printing also known as additive manufacturing makes it possible to produce a physical item by assembling a material layer by layer.

If you love creating stuff, then a 3D printing business may just be for you.

How Much Can You Make?
$42,000 — $330,000/month
Average Initial Investment 
$407,500
Time To Revenue 
240 days

CASE STUDY

My name is Roy Kirchner, an entrepreneur from Odessa, Florida. After years spent in the automobile and marketing and advertising industries, I decided in 2014 to form a new company solely focused on emerging new technology, 3D printing.

I started my company with an initial, out-of-pocket investment of $65,000, and today we are averaging monthly gross sales of $330,000.

how-i-started-a-330k-month-ecommerce-specialized-in-3d-printing

4. Start a fitness SaaS ($7K/month)

Have you ever wondered what software gyms use to keep track of everything?

There are over 32,000 health clubs in the U.S. that need software and tools to run their business!

How Much Can You Make?
$7,000 — $50,000/month
Average Initial Investment 
$13,000
Time To Revenue 
360 days

CASE STUDY

Hello! My name is Jacob Montoya and I am the founder of FitSW and its sister site FindTrainGain. With FitSW, we provide software to personal trainers to help them grow their businesses and enable them to use our technology to effectively manage their clients’ fitness. With FindTrainGain, we enable people searching for fitness help from all over the world to join a wide variety of Live Online Fitness Classes led by fun, energetic Fitness Instructors.

We enable people to stay fit and stay connected with fun fitness classes in this time of social distancing. At the same time, we also provided a way for fitness professionals to continue to work. We have instructors leading classes on everything from Yoga to Cardio Boxing to our most popular Dance Cardio class. Classes are accessible to anyone and many are priced as low as $5 a class.

how-i-developed-a-20k-month-software-for-personal-trainers

5. Create a social media scheduling tool ($38.3K/month)

A social media scheduling tool is an online app that allows you to schedule your social media posts in advance, before publishing them on your social media channels.

Virtually all businesses use social media - this is a great market to build a startup in.

How Much Can You Make?
$2,000 — $333,333/month
Average Initial Investment 
$28,025
Time To Revenue 
390 days

CASE STUDY

Hi, I’m Laura Roeder, the CEO and founder of MeetEdgar, a social media automation tool.

Here’s a recent team photo at one of our biannual company retreats. This was taken in Phoenix, Arizona.

how-i-bootstrapped-a-social-media-automation-tool-to-2mm-year

6. Create a meal planner app

Meal planners are used by millions of people around the world to stay organized, create meals, and even lose weight.

The weight loss services industry is currently valued at $22B and growing.

Time To Revenue 
420 days

7. Create an online course ($117K/month)

Online course businesses are one of the fastest-growing online business models. Creating an online course is an awesome way to generate extra income because it allows you to monetize the knowledge you already have. More people are taking online courses every day, and the COVID pandemic has accelerated that, with some online learning platforms having seen 15-folds growth in the number of users.

Another advantage is that these new platforms are so easy to use for instructors that you don't have to worry at all about the tech side of the business. You just need to focus on creating exciting content that is informational & engaging at the same time.

Starting an online course allows you to eliminate some of the huge costs associated with setting up a physical training facility, and it's a great way to reach as many people.

How Much Can You Make?
$350 — $3,735,000/month
Average Initial Investment 
$4,297
Time To Revenue 
150 days

CASE STUDY

We are Christian and Rasmus Mikkelsen, also known as the Mikkelsen Twins online. We run an online education company where we help people to build an online book publishing business. The reason why we teach what seems like a random/kinda weird online business model is because it’s what changed our lives almost 3 years ago and freed us from the life path we were heading down (were in the middle of a business degree in community college and there was absolutely no hope for a truly happy and fulfilled life if we had continued to take that path in life).

Fast forward to today, our company is making over 6-figures in profit every month which is almost unbelievable for two 24-year-old (ambitious) idiots with just a laptop, wifi connection and a small team.

how-we-launched-a-120k-month-audiobook-publishing-course

8. Start a productized service

Productized services are created when a larger service is broken down into smaller services that can be sold separately.

This makes it easier to sell the same service to multiple clients and creates an easily-marketable product. For example, a marketing agency that usually charges by the hour, instead, charges a flat monthly fee.

This business strategy works well in B2B markets, as you can sell the same value proposition to multiple clients, and give them a great return on investment.

The reason why you should start a productized service business is simple: making recurring revenue from your expertise can be very useful if you want to build a business based on passive income.

How Much Can You Make?
$200 — $800,000/month
Average Initial Investment 
$9,073

CASE STUDY

Hello Readers, I am Junaid Ansari, and with Amin Memon, I have co-founded Draftss.com which is a productized graphic design & frontend code service on subscription starting from just $89/week.

In 2019, we made $66,000 ARR serving 54 clients for whom we created 8000+ designs & coding 100+ pages. In 2020, we have kept our focus on automation as our primary objective toward Draftss. Last month in July 2020, we hit a $9.6k MRR.

how-we-started-a-7-5k-month-productized-graphic-design-website-coding-service

9. Become a shopify app developer ($19.3K/month)

Have you thought about a career building Shopify apps?

Shopify is a Canadian e-commerce company that provides an online platform for entrepreneurs to set up their own online stores and sell products. Shopify is now valued at over $45B (as of 2022) with over 1.75M merchants using the platform worldwide.

To be able to build a plugin for Shopify, you need to know how to code. If not, then at least have some knowledge of HTML and CSS. You also need experience in the Shopify API and some basic

CASE STUDY

Hi, my name is Todd and I’m a serial entrepreneur. After a long history of building various businesses, I created ByteStand, a friendly software development company run by ecommerce nerds who get excited about weird things like “cross-platform integrations” and “fulfillment networks” and “coffee”.

We also created FreshCredit, Shopify's first true store credit app. Between all three apps, we generate about $17,000/month in revenue.

  1. Start a CRM business ($437K/month) A Customer Relationship Management (CRM) software keeps track of prospects, clients and their contac...