Business Ideas For Baby Boomers [2024]
As a baby boomer, you possess a wealth of experience and wisdom that can be turned into successful business ventures. Whether you're looking to stay engaged in your retirement or seeking a new challenge, 2024 offers several promising opportunities tailored to your strengths.
You could turn your decades of professional expertise into a consultancy business, providing valuable insights and guidance to younger professionals. Alternatively, consider entering the world of e-commerce, where your ability to recognize quality and value can help you curate and sell niche products.
If you have a passion for craftsmanship, you might explore starting a small-scale manufacturing or artisan business. These possibilities not only offer the chance to generate income but also allow you to stay active and engaged in a meaningful way.
For each business idea, we'll show you real-world examples of other baby boomer businesses to help you see what it takes.
Here's the full list:
1. Start a real estate investment firm ($398K/month)
Starting a real estate investment firm offers baby boomers the chance to leverage their accumulated knowledge and financial resources into a rewarding business venture. With core activities including buying, managing, and selling properties, this business can generate substantial profit through property appreciation and rental income. Entrepreneurial baby boomers with a keen eye for valuable properties and a passion for real estate may find this an ideal opportunity.
Why consider a real estate investment firm?
- You could create a steady income stream with rental properties, ensuring financial stability during retirement.
- Real estate assets have the potential to appreciate significantly over time, increasing your overall wealth.
- This business allows you to apply your life experience and financial acumen in a practical, tangible way.
For more insights, check out these success stories.
How much you can make: $10,000 — $1,500,000/month
How long does it take to build: 210 days (?)
Equity Residences is a luxury real estate investment fund that has raised $40 million from over 200 investors, offering them access to a portfolio of luxury vacation homes for investment and personal use, with a minimum investment of $161,500 and plans to acquire a further twenty residences ranging from $1.5M to $4M.
2. Start a niche investment platform ($167K/month)
Niche investment platforms offer a smart avenue for baby boomers to supplement their income by leveraging their expertise and experience in specialized asset classes. By creating a custom-tailored online exchange that deals with unique asset categories such as collectibles, cryptocurrencies, or real estate, you could attract and build a dedicated base of specialized investors. This venture allows you to capitalize on modern technology to provide transparent, flexible, and exclusive trading ecosystems, generating recurring revenue through transaction fees and premium subscriptions. As a baby boomer, your years of accumulated knowledge can be a distinct advantage in tapping into these alternative investment niches. For more ideas on how to get started, you can check out startup costs for a niche investment platform.
Why consider starting a niche investment platform?
- You already have the experience. Your years of professional and personal experience can help in identifying lucrative and stable niche markets.
- Diversify and mitigate risks. A niche platform gives you the opportunity to diversify income streams beyond traditional stock markets.
- Recurring revenue potential. This business model offers ongoing income through subscription fees and transaction charges.
How much you can make: $2,000 — $600,000/month
How long does it take to build: 180 days (?)
Equity Residences is a luxury real estate investment fund that has raised $40 million from over 200 investors, offering them access to a portfolio of luxury vacation homes for investment and personal use, with a minimum investment of $161,500 and plans to acquire a further twenty residences ranging from $1.5M to $4M.
3. Start a stock investing business ($30.3K/month)
Venturing into the world of stock investing can be an excellent way for baby boomers to supplement their income or even start a full-fledged business. A stock investing business revolves around buying and selling shares to generate profit, requiring a keen understanding of financial markets and strategic decision-making. With the right analytical skills and dedication, stock investing offers an exciting opportunity to transform your financial acumen into long-term growth.
For those with an affinity for finance, starting a stock investing business enables you to turn your passion into a potentially profitable endeavor. The plethora of educational resources and trading platforms available today make it easier than ever to equip yourself with the knowledge needed to succeed. However, it's vital to understand that this business demands continuous learning, market analysis, and a strategic approach to managing risk.
Why start a stock investing business?
- Flexible income opportunities: You could generate consistent revenue without the constraints of a traditional 9-to-5 job.
- Utilize existing financial knowledge: Leverage your experience and interest in financial markets to make informed, profitable decisions.
- High potential returns: With careful analysis and strategy, stock investing can offer substantial financial rewards over time.
For more tips and success stories, you can visit Starter Story: Stock Investing Business Tips.
How much you can make: $4,000 — $160,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
Ticker Nerd is a monthly subscription service for investors that surfaces and analyzes trending stocks before the hype train arrives, and now has $4.5k in monthly recurring revenue from its newsletter without spending a single dollar on advertising, having validated the business via subreddits and organic Product Hunt launch strategy.
4. Start a stock photography business ($14.6K/month)
Starting a stock photography business could be an excellent avenue for baby boomers looking to supplement their income or transition into a new venture. As someone with a wealth of life experience and possibly a unique perspective, you could capture and sell high-quality photographs to businesses for their marketing needs. By investing in good photography gear and building an appealing online portfolio, you could earn passive income and enjoy the benefits of a creative and flexible online business.
Why start a stock photography business?
- Capitalize on your unique perspective. As a baby boomer, you bring a wealth of experience that can translate into unique and captivating photographs.
- Earn passive income. Once your photos are up and available for purchase, they can continue to generate revenue with minimal ongoing effort.
- Low-impact start-up. With an initial investment in good photography gear and some time to learn the ropes, starting a stock photography business is relatively low-impact and can grow at your own pace.
To dive deeper into the potential of a stock photography business, you can explore more here.
How much you can make: $1,200 — $45,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 60 days (?)
Pro Photo Studio founder Tsour Lee Adato shares how she turned a $5k investment into a business that services over 500 clients annually and makes approximately $350k per year with plans to expand and become a 7-figure business while offering advice to fellow entrepreneurs to always be innovating, learning and growing, and not to undervalue themselves.
5. Start a niche blog ($31.5K/month)
Starting a niche blog could be a fantastic opportunity for baby boomers to supplement their income or even create a full-time business. By sharing your expertise on a subject you are passionate about, you could engage with a loyal online community and generate revenue through various monetization methods. Identifying a profitable niche such as fashion, cooking, or film reviews is the first step, allowing you to share unique and valuable content while building a dedicated audience. For more on how profitable niche blogs could be, check out this link.
With the right strategies, including affiliate marketing, brand collaborations, and content creation like articles and videos, you could turn your passion into a lucrative venture.
Why start a niche blog?
- You could earn passive income by monetizing your content through affiliate links and brand collaborations.
- You have the opportunity to share your wealth of knowledge and experience with a community that values your insights.
- Blogging offers flexibility, allowing you to work from home and set your own schedule.
How much you can make: $100 — $650,000/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.
6. Start a YouTube channel ($72.1K/month)
Starting a YouTube channel could be a rewarding venture for baby boomers looking to supplement their income or build a side business. This platform allows you to share your expertise, passions, or hobbies while potentially earning revenue through ads, sponsorships, and merchandise. With the versatility of creating content ranging from how-to guides and vlogs to educational material and entertainment, YouTube offers a unique blend of creativity and opportunity.
Building a successful YouTube channel requires dedication to creating quality content consistently and engaging with your audience. A well-planned strategy and an understanding of SEO and social media marketing can significantly increase your video's reach and views. Despite the initial hard work, the financial and personal rewards could be substantial, offering both flexibility and the potential for significant income.
Why launch a YouTube channel?
- You have a wealth of knowledge and experience to share, making your content valuable and engaging.
- The platform allows for creative expression, helping you connect with a global audience and build a community.
- Starting a YouTube channel offers various monetization opportunities, from ad revenue to sponsorships and merchandise.
How much you can make: $2,000 — $333,333/month
How much does it cost to start: $5,250 (?)
How long does it take to build: 30 days (?)
This case study follows the journey of a young entrepreneur from Nigeria who started a profitable blog generating a monthly revenue of $1,500+ through sales of advertising space, sponsored posts, and information products, and shares his strategies for success including a Twitter growth challenge and guest post pitches.
7. Start a podcast ($97.9K/month)
Starting a podcast makes sense as a baby boomer because it allows you to share your wealth of experience and knowledge with a wide audience. With the rising popularity of podcasts and an increasingly connected world, you have the opportunity to turn your passions and expertise into a lucrative business or side hustle. Whether you’re discussing history, sharing life lessons, or exploring niche topics, a podcast can be an engaging way to supplement your income and connect with listeners globally.
Why consider starting a podcast?
- It's cost-effective: You could start with basic equipment and freely available online platforms, which keeps initial investments low.
- Leverage your experience: Baby boomers have decades of life and professional experience that younger generations find valuable and educational.
- Flexible schedule: Podcasting allows you to work at your own pace, making it perfect for balancing with other commitments or retirement plans.
For more insights into making your podcast successful, check out some useful podcast marketing ideas.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
8. Start an online course sales business ($85K/month)
Starting an online course sales business can be an excellent way for baby boomers to supplement their income and capitalize on their wealth of experience. By transforming your expertise into an online course, you can create a source of passive income that continually generates revenue. Whether your specialty is music, cooking, web design, or any other skill, you can find an interested audience and guide them through comprehensive lessons.
The e-learning market is expected to be worth over $645 billion in the next few years, making this a lucrative opportunity. Choose a topic you are passionate about, develop the course material, and select a reliable platform to host and sell your courses, and you'll be well on your way. For more insights, take a look at these success stories from those who have already ventured into online course sales.
Why consider starting an online course sales business?
- Share your wealth of knowledge and skills without geographical limitations.
- Create a flexible income stream that can supplement your retirement funds.
- Tap into the booming e-learning market, ensuring a growing demand for your courses.
How much you can make: $100 — $300,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 180 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
9. Start a social media automation business ($139K/month)
Starting a social media automation business makes perfect sense for baby boomers looking to supplement their income or dive into a new entrepreneurial venture. This business revolves around simplifying the management of multiple social media accounts, automating posts, and analyzing engagement, which is invaluable for clients ranging from small businesses to influencers. With the ever-growing need for consistent and strategic social media engagement, the demand for automation solutions is on the rise.
Why start a social media automation business?
- You could help busy clients save time by automating their social media activities.
- There's a rapidly expanding market for social media automation, presenting a lucrative opportunity.
- Leveraging your existing knowledge in marketing and technology, you could provide highly valuable services and build strong client relationships.
For more insights on starting a social media automation business, check out Starter Story for startup costs and tips.
How much you can make: $4,000 — $400,000/month
How long does it take to build: 50 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
10. Start a health and wellness app ($108K/month)
For Baby Boomers looking to supplement their income or start a new business venture, a health and wellness app represents a promising opportunity. This type of app can offer a range of services, from personalized fitness routines and nutrition plans to mental well-being exercises and more. With the rising interest in health across all age groups, a well-crafted app can serve as a virtual coach, providing expert advice and daily reminders to help users achieve their wellness goals.
The process of creating this app will require market research, collaboration with health experts, and strategic marketing efforts. However, the potential to positively impact lives and tap into a growing market makes it a compelling venture. If you’re passionate about health and technology, this could be your path to making a meaningful contribution while building a thriving business. Read more about the pros and cons of starting a health and wellness app here.
Why consider starting a health and wellness app?
- Health and wellness are growing industries, offering significant market opportunities.
- You could leverage your life experience and knowledge to create a relatable and effective platform.
- A digital business model allows for flexibility and scalability, fitting well with the dynamic lifestyle of baby boomers.
How much you can make: $600 — $300,000/month
How long does it take to build: 200 days (?)
Founder and CEO of SelfDecode, Joe Cohen, explains how his company helps people discover personalized diet, supplement, and lifestyle recommendations based on DNA and lab tests; generating about $2.7 million in revenue over the past year and raising $8 million in a crowdfunding campaign, SelfDecode provides personalized health recommendations prioritized on unique genetic variants, marking the future of healthcare.
11. Print on demand business ($411K/month)
Starting a print-on-demand business could be an excellent opportunity for baby boomers looking to supplement their income, make extra money, or even transition into a new venture entirely. With this model, you could sell customized products like apparel, home goods, and phone cases without worrying about upfront inventory costs. By leveraging online platforms such as Amazon, eBay, and Etsy, you could focus on your creative designs while reaching a global audience—all from the comfort of your home.
Why start a print-on-demand business?
- Low startup costs and risk. Without the need for inventory, you minimize financial barriers and reduce potential losses.
- Flexibility and freedom. Working from home allows you to set your schedule, perfect for enjoying retirement while pursuing entrepreneurial interests.
- Tap into your creativity. Designing unique products can bring personal fulfillment and the potential to build a scalable business.
For more in-depth guides and success stories, visit Starter Story.
How much you can make: $200 — $3,000,000/month
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Founder Roy Kirchner shares how he started an eCommerce business specializing in 3D printing with an initial investment of $65,000, which now averages monthly gross sales of $330,000 and has partnered with international manufacturers and local businesses while offering technical support and education.
12. Start an ecommerce reselling business ($83.3K/month)
Starting an ecommerce reselling business could be an ideal choice for baby boomers looking to supplement their income or engage in a fulfilling side venture. With lower startup costs and no need for complicated production, it's accessible for those new to the digital marketplace. Initially, you could operate through social media, keeping things simple and scaling up by creating a website as you grow more comfortable and successful in this space.
Exploring ecommerce reselling allows you to leverage your experience and possibly focus on products you are passionate about. Plus, with the growing trend of online shopping, the potential market is vast. For entrepreneurial-minded baby boomers, this business offers low risk and a flexible schedule.
Why an ecommerce reselling business?
- Minimal production costs - your focus is on resale, not manufacturing.
- Flexible startup process - begin with social media and expand to a website as you grow.
- Large potential customer base - tap into the ever-increasing online shopping trend.
For those considering this path, here are some success stories to get inspired.
How much you can make: $4,000 — $150,000/month
How much does it cost to start: $2,999 (?)
How long does it take to build: 75 days (?)
Empyre Off-Road, an e-commerce business founded by Greg Shuey which sells aftermarket parts for Toyota Tacomas, Tundras, and 4Runners, generated approximately $100,000 a month in revenue and was able to expand its product offering, focusing on content marketing, email marketing campaigns, and organic social media to attract and retain customers.
13. Start an affiliate marketing business ($77.5K/month)
As a baby boomer, starting an affiliate marketing business could be an excellent way to supplement your income or even create a new revenue stream. By leveraging your existing knowledge and interests, you could promote products and services online and earn commissions on every sale you facilitate. This business model allows for flexible working hours and requires relatively low initial investment, making it ideal for those looking to dip their toes into the entrepreneurial waters.
For instance, you could partner with online stores or manufacturers to market their products through your blog or social media channels. With the rise of e-commerce, there's a plethora of opportunities to find the right niches that align with your passions and expertise, allowing you to effectively connect with your audience and drive sales.
Learn more about how affiliate marketing can boost your income.
Why consider starting an affiliate marketing business?
- It offers passive income. Once your affiliate links are set up, you could earn commissions even when you're not actively working.
- It requires low startup costs. You don’t need to produce your own products or maintain inventory, keeping overheads minimal.
- It provides flexibility. You can work from anywhere at any time, making it easy to fit around your current lifestyle or retirement plans.
How much you can make: $500 — $773,000/month
How much does it cost to start: $700 (?)
How long does it take to build: 60 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
14. Start a subscription box business ($97.9K/month)
Starting a subscription box business could be an excellent venture for baby boomers looking to supplement their income or start a new side business. These businesses cater to specific niche markets by delivering exclusive, curated products to customers on a monthly basis. Given the rising demand for unique and personalized customer experiences, subscription boxes offer a profitable and flexible way to turn your passion or expertise into a steady revenue stream. To get started, focus on understanding your niche market, offering quality products, and building strong relationships with fulfillment companies.
For more insights, check out our offer on subscription box business ideas and strategies.
Why consider starting a subscription box business?
- They provide a recurring revenue model, helping you maintain a steady income stream.
- The opportunity to capitalize on niche markets and deliver products you’re passionate about is highly rewarding.
- Minimal upfront costs compared to traditional businesses, making it easier to start even if you’re new to entrepreneurship.
How much you can make: $400 — $400,000/month
How much does it cost to start: $210 (?)
How long does it take to build: 180 days (?)
Vowed Box Co. is a line of curated, quirky gift boxes with non-traditional brides in mind, offering four different products that have helped the business become profitable most months since its launch in 2018, with a monthly income of roughly $600.
15. Create an AI writing tool ($255K/month)
Starting a business with an AI writing tool could be a lucrative venture for baby boomers looking to supplement their income or embark on a new entrepreneurial journey. With advancements in artificial intelligence, these tools can generate engaging and accurate content, making them indispensable for businesses, bloggers, and content creators. This business is not only relevant but necessary in today's digital era where quality content is in high demand.
Considering the low overhead costs and the potential for passive income, developing an AI writing tool could be a smart investment. For more insights, check out Starter Story's success stories on AI writing tools.
Why develop an AI writing tool?
- AI writing tools are in high demand, providing a potentially stable and growing market.
- You could leverage your existing expertise and experience to guide the AI, creating richer, more reliable content.
- Entering the AI sphere can position you as an innovator, opening new doors for business opportunities and partnerships.
How much you can make: $4,000 — $1,000,000/month
How long does it take to build: 52 days (?)
Rytr, a new AI writing assistant developed by a startup platform and business incubator, has become a market leader, serving over 300,000 customers across the world and doing seven figures in ARR.
16. Develop an online survey tool ($304K/month)
Starting an online survey tool business could be an excellent opportunity for baby boomers seeking to supplement their income or embark on a new business venture. Online survey tools provide businesses with a convenient and cost-effective way to gather crucial customer feedback, making your service highly valuable. As more businesses turn to digital solutions to collect data, there is a growing demand for reliable and easy-to-use survey platforms. Learn more about how you can begin this journey here.
Why start an online survey tool business?
- This is a growing field with increasing demand, ensuring potential for steady income.
- You can leverage your experience and knowledge to help other businesses make better decisions.
- It offers flexible work hours and the ability to work from anywhere, making it ideal for semi-retirement.
How much you can make: $40 — $1,600,000/month
How long does it take to build: 180 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
17. Start an ai based business solution ($55.8K/month)
Exploring AI-based business solutions could be a savvy move for baby boomers looking to supplement their income, make extra money, or even start a new side business. With artificial intelligence, you can streamline operations, automate repetitive tasks, and leverage data-driven insights to improve efficiency and make strategic decisions. Even without a tech background, the user-friendly platforms and robust support systems available today can make setting up an AI-based business more accessible than ever. For more insights, you can explore some success stories to get inspired.
Why consider starting an AI-based business solution?
- You could significantly enhance efficiency and reduce operational costs.
- AI tools can provide valuable customer insights and predict market trends, giving you a competitive edge.
- The demand for AI solutions is growing, making it a timely and potentially lucrative market to enter.
How much you can make: $4,000 — $120,000/month
How long does it take to build: 125 days (?)
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.
18. Start an email marketing tool ($235K/month)
Starting an email marketing tool can be an excellent opportunity for baby boomers looking to supplement their income or shift into a side business. With email marketing being one of the most effective marketing channels, you could leverage your experience and expertise to help businesses reach their customers more efficiently. The industry is booming, with a projected market size of $2.53 billion by 2028, making it a lucrative venture with significant growth potential.
Why consider an email marketing tool?
- The industry is growing rapidly, offering substantial income potential.
- You can use your existing business experience to help others succeed.
- It's a versatile platform, suitable for various industries like real estate, startups, and retail.
For more tips on starting an email marketing tool business, visit Starter Story here.
How much you can make: $120 — $2,083,333/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 170 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.
19. Develop a lead generation tool ($108K/month)
For baby boomers looking to supplement their income or start a new business venture, developing a lead generation tool could be an excellent opportunity. This business involves creating software that identifies and captures potential customer leads for various enterprises, streamlining the client acquisition process. Given the high demand from businesses eager to grow their customer bases, your tool could become indispensable in digital marketing strategies. Plus, if you're tech-savvy and have a knack for marketing, this could be your ticket to a profitable business.
Read more about the startup costs and marketing ideas for lead generation tools.
Why create a lead generation tool?
- High demand: Businesses of all sizes are looking for efficient ways to capture leads and grow their customer bases.
- Tech-savvy edge: If you possess technical skills and marketing knowledge, you can leverage them to create a successful tool.
- Income potential: A well-designed lead generation tool can provide a steady stream of income, allowing you to turn a side hustle into a lucrative business.
How much you can make: $1,000 — $400,000/month
How much does it cost to start: $600 (?)
How long does it take to build: 90 days (?)
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.
20. Start a niche website ($107K/month)
A niche website is an excellent opportunity for baby boomers to supplement their income, make extra money, or even start a completely new side business. Focusing on a specific topic you're passionate about allows you to create valuable content for a dedicated audience while enjoying the creative freedom of managing your own site. This venture involves selecting a niche, producing engaging content, and utilizing SEO strategies to attract and expand a loyal follower base.
Once established, a niche website offers varied monetization options such as affiliate marketing, ad placements, or selling digital products, providing a reliable source of passive income. If you have a specific interest and the drive to dive deep, building a niche website could be your next rewarding project. For more inspiration, explore some success stories here.
Why consider building a niche website?
- It's a creative and enjoyable way to explore and share your passions.
- You could earn passive income through affiliate marketing, ads, or digital product sales.
- A niche website requires low initial investment and can be managed from anywhere with internet access.
How much you can make: $400 — $250,000/month
How long does it take to build: 60 days (?)
DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.
21. Create a mobile app ($70.3K/month)
As a baby boomer, embarking on the journey of developing a mobile app could be an ideal way to supplement your income or even build an entire business. You might have a wealth of industry experience and unique insights that could translate into a valuable, problem-solving application. With countless app development resources available, you don't need to be a programming expert to launch your app; hiring skilled developers or outsourcing development can transform your vision into reality.
Exploring the vast world of mobile apps, you’ll find that they cater to myriad needs, whether it's productivity tools, educational platforms, or entertainment solutions. The demand for innovative apps is ever-growing, and with the right marketing strategy, your app could reach a wide audience, generating substantial revenue. For inspiration and practical guidance on this entrepreneurial path, check out the success stories of mobile app developers on Starter Story.
Why consider creating a mobile app?
- Mobile apps are integral to daily life, offering immense potential for innovation and profit.
- You possess valuable life and career experiences that can help identify unique, underserved needs in the market.
- With a clear vision and focused strategy, marketing your app effectively can lead to significant user adoption and revenue generation.
How much you can make: $1 — $500,000/month
How long does it take to build: 180 days (?)
BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.
22. Start a wordpress plugin business ($33.4K/month)
Starting a WordPress plugin business could be an excellent opportunity for baby boomers looking to supplement their income or dive into a side business. WordPress plugins are essential for running successful websites, offering solutions to widespread issues users encounter online. By creating and selling these plugins, you could generate substantial revenue, especially if you’re solving a specific problem that many users face.
Selling WordPress plugins can be done through platforms like CodeCanyon, on your blog, or via a dedicated website. This business model allows for flexibility and scalability, making it ideal for baby boomers who want to leverage their experience and technical skills in a growing digital market. You can learn more about this business idea here.
Why start a WordPress plugin business?
- WordPress plugins are in high demand, ensuring a consistent market for your products.
- You could leverage your experience to solve specific problems, thereby creating a unique and valuable product.
- This business model offers flexibility in working hours, allowing you to gradually transition from a side hustle to a full-fledged business.
How much you can make: $120 — $120,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Wheely Sales CEO Josh created a lucky wheel popup that has grown revenue from $0 to $600/month in just 4 months since getting started and has attracted over 1.1 million users to his customers’ websites, all while proving that when it comes to creating a product, competition is validation.
23. Start a SEO & lead generation service ($60K/month)
Starting a SEO & lead generation service as a baby boomer can be both financially rewarding and intellectually stimulating. Given the increasing reliance on the internet for business growth, offering services that help businesses attract and convert customers makes sense. With your wealth of experience and possibly a network of business contacts, you could seamlessly transition into this digital marketing area while supplementing your income or creating a new revenue stream.
Why start a SEO & lead generation service?
- You already possess valuable business experience. With your understanding of business operations, you could offer a perspective that resonates well with clients.
- The demand for digital marketing expertise is high. Businesses are constantly looking for ways to attract and convert leads, making this a lucrative opportunity.
- It can be flexible and scalable. You could start small and grow your service offerings as you gain more experience and clients.
For more details on starting a SEO & lead generation service, you can check out the profitability of SEO & lead generation services.
How much you can make: $8,000 — $200,000/month
How much does it cost to start: $3,750 (?)
How long does it take to build: 90 days (?)
A link building company co-founded by Justas Markus has grown to make an average of $35k per month in recurring revenue with a focus on delivering high-quality services through manual processes and focusing on fewer markets.
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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.
