24 Business Ideas For Muslims [2024]
Starting a business as a Muslim in 2024 presents unique and rewarding opportunities that align with Islamic principles. Whether you are looking to solve a problem in your community or capitalize on a market niche, there are numerous avenues you could explore. Approaching this with the right mindset and strategy can make a significant difference.
You could consider ventures that focus on halal products, ethical finance, or community building activities. The demand for halal and ethical goods continues to grow, offering a reliable market base. Additionally, there are tech-related opportunities that could cater to specific needs within the Muslim community, from mobile apps to educational platforms.
By leveraging your skills and adhering to your values, you could create a business that is both profitable and fulfilling. This article will explore various business ideas that you could consider to help you on your entrepreneurial journey. Stay tuned as we delve into opportunities that could make a lasting impact.
For each business idea, we'll show you real-world examples of other muslim businesses to help you see what it takes.
Here's the full list:
1. Start a niche blog ($31.5K/month)
Starting a niche blog as a Muslim could provide you with a valuable platform to share your unique perspective and knowledge on a specific topic, ranging from Halal recipes to Islamic fashion, or even Quranic studies. By focusing on a niche that is both profitable and underserved, you could not only supplement your income but also create a meaningful impact within your community. This initiative allows you to connect deeply with like-minded individuals while offering content that caters to a specific interest or need.
Linking with relevant brands and sharing affiliate links in your blog could further enhance your income streams, making this venture financially sustainable. If you're interested in exploring this idea further, you might want to check out some tips and success stories at Starter Story.
Why starting a niche blog?
- You could share valuable insights and connect with your community on a deeper level.
- Monetizing methods such as affiliate marketing and brand collaborations could steadily boost your income.
- It's a flexible and scalable business model, allowing you to grow at your own pace while pursuing a topic you're passionate about.
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.
2. Start an online course sales business ($85K/month)
Starting an online course sales business could be an excellent opportunity for Muslims looking to supplement their income or make extra money. By leveraging your unique skills and knowledge, you could create valuable educational content that helps others while generating passive income. This avenue allows for flexibility, enabling you to balance your business with other responsibilities and community commitments. Learn more about the intricacies of starting an online course sales business and find inspiration from success stories.
Why start an online course sales business?
- The e-learning market is burgeoning, offering lucrative opportunities, with projections exceeding $645 billion in the near future.
- Creating an online course is a way to share knowledge while earning; this aligns with Islamic principles of seeking and spreading beneficial knowledge.
- Starting an online course business is flexible, allowing you to work within your schedule, making it easier to balance with faith and family commitments.
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.
3. Start a subscription box business ($97.9K/month)
Starting a subscription box business offers a practical and scalable way to supplement your income or even build a full-time endeavor, tailored to your unique interests and market insights as a Muslim. Given the high demand for niche market products and the value they add to customer experience, your subscription box could specialize in halal-certified beauty products, Islamic educational materials for children, or even ethically sourced and sustainable goods.
Why starting a subscription box business?
- It allows you to cater to a specific niche tailored to Muslim consumers, providing value-added and Halal-compliant products.
- You could create a recurring revenue stream, which translates to a predictable and stable income source.
- Your business could serve as a means of uplifting the community by offering products that align with Islamic values.
For more insights into starting a subscription box business, including startup costs and tips, visit Starter Story's subscription box business ideas.
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.
4. Start an ecommerce reselling business ($83.3K/month)
Starting an ecommerce reselling business could be an excellent opportunity as a Muslim entrepreneur. This venture allows you to purchase goods or services for resale, eliminating the production costs and complexities of creating your own products. You have the flexibility to focus initially on social media platforms and scale up with a website as your business grows, making it a manageable and scalable option.
The ecommerce reselling model is not only cost-effective but also adaptable to the principles of Islamic entrepreneurship. For instance, it could emphasize trade and commerce, which have long been central to Islamic economic practices. Plus, the low barrier to entry means you could start small and grow your business in a halal (permissible) manner, adhering to ethical business practices.
Why start an ecommerce reselling business?
- Low startup costs make it accessible for budding Muslim entrepreneurs with limited initial capital.
- Ethical reselling aligns with Islamic principles of fair trade and honest selling, promoting a halal business model.
- Flexible growth potential allows you to start on social media and expand to a full ecommerce site as your business thrives.
For more details and insights, you may want to check out success stories from other ecommerce resellers.
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.
5. Start a stock investing business ($30.3K/month)
Starting a stock investing business could be a pragmatic and rewarding pursuit for Muslims interested in finance and markets. By delving into the financial markets, you have the chance to earn supplementary income on top of your existing job or even turn it into your primary source of revenue. Utilizing educational resources and digital trading platforms, you could make informed and strategic investment decisions that align with ethical guidelines.
However, it's crucial to approach the market with a strategy, adhering to risk management principles and continuous learning. If planned well, this venture could offer high returns through disciplined investing and in-depth market analysis. You could find further insights and success stories within this domain here.
Why start a stock investing business?
- You could grow your wealth by making informed financial decisions.
- Ethical investing allows you to make choices aligned with your values.
- Diversifying your income streams could increase financial stability.
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.
6. Create an AI writing tool ($255K/month)
Investing in the creation of an AI writing tool could be a rewarding venture for entrepreneurial Muslims wanting to supplement their income or start a side business. This business model harnesses the power of artificial intelligence to assist in content creation, offering the possibility of producing accurate, engaging, and error-free content in significantly less time. Being at the forefront of technological innovation aligns well with the ethos of advancing knowledge and improving efficiency.
Why start an AI writing tool business?
- It's a lucrative market opportunity; the demand for quality content is ever-increasing.
- This venture can greatly benefit from automation, reducing the workload for writers and content creators globally.
- You could contribute to innovation while maintaining ethical standards suitable for a Muslim entrepreneur.
For more details on how to get started, you can explore this guide on profitability.
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.
7. Start a niche website ($107K/month)
Starting a niche website could be an ideal way for Muslims to supplement their income or even launch a successful side business. By focusing on a specialized topic that resonates with Islamic values or interests—like Halal recipes, travel guides for Muslim-friendly destinations, or Islamic finance—you could attract a dedicated audience that appreciates your unique perspective. Investing time in research, content creation, and SEO can help drive traffic to your site and open up various monetization opportunities like affiliate marketing, ad placements, or selling digital products. Check out these success stories for inspiration.
Why start a niche website?
- You could create content that aligns with your faith and caters to a like-minded audience, helping you build a loyal community.
- Monetizing through ethically-sourced ads, affiliate marketing, or Halal products lets you stay true to your values while generating income.
- The flexibility of running a niche website allows you to balance commitments to both your family and faith, while pursuing entrepreneurial goals.
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.
8. Start a podcast ($97.9K/month)
Starting a podcast as a Muslim offers a unique opportunity to share perspectives, knowledge, and stories that resonate with fellow Muslims and a broader audience. It's a popular form of entertainment and information-sharing that allows you to address topics ranging from Islamic teachings and cultural discussions to entrepreneurship and personal development.
To start a podcast business on a budget, you could choose a niche or topic that you are passionate about and has an audience, get basic recording equipment like a microphone and headphones, and utilize a free or affordable hosting platform to publish your episodes. Promoting your podcast through social media, online communities, and word of mouth could help you build an audience and potentially attract sponsors or advertisers.
Why start a podcast?
- You could create a platform to share and discuss important issues within the Muslim community, fostering understanding and unity.
- Podcasting offers flexibility, allowing you to express your creativity and expertise in topics you are passionate about without significant upfront costs.
- Through consistent content and audience engagement, you could build a loyal listener base and explore monetization opportunities like sponsorships.
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.
9. Start a dropshipping business ($414K/month)
Starting a dropshipping business could be a practical and appealing way for Muslims to supplement their income or even build a full-time endeavor. This business model allows you to sell products to customers without holding inventory, meaning lower upfront costs and minimal risk. By choosing a niche or category of products that aligns with your values, setting up an online store, and partnering with reliable suppliers, you could create a profitable venture.
For more insights, check out Successful Dropshipping Business Stories on Starter Story to see how other entrepreneurs have thrived in this space.
Why consider starting a dropshipping business?
- Reduced financial risk as you don’t need to invest in inventory.
- Flexibility to choose products that align with Islamic values and ethical principles.
- Potential to reach a global market, maximizing profit while adhering to your faith.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $8,500 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 10 hours/week
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
10. Start a health and wellness app ($108K/month)
Starting a health and wellness app can be a meaningful venture for Muslims who are passionate about contributing positively to their community. Such an app can help users achieve their health and wellness goals with personalized fitness routines, nutrition plans, mental well-being exercises, and progress tracking, all aligned with Islamic values. Imagine an app that reminds you to drink water, guides you through yoga practices, and provides tailored meal plans, serving as a virtual coach in your pocket.
By creating a health and wellness app, you could make this a side business or even grow it into a full-time venture. Not only will you be tapping into a growing market, but you'll also have the opportunity to collaborate with health experts and effectively use technology to improve lives. This approach bridges your passion for health with your entrepreneurial spirit, offering a fulfilling way to contribute to society while building a sustainable business. Explore success stories in health and wellness apps.
Why consider starting a health and wellness app?
- Empower others to lead healthier lifestyles while incorporating Islamic principles.
- Capitalize on the growing market for digital health solutions.
- Utilize your passion for health and technology to create a meaningful and rewarding business.
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. Create a mobile app ($70.3K/month)
Considering starting a mobile app business? As a Muslim, you could leverage this technology to create innovative solutions that cater to various needs within the community, such as Islamic educational apps, prayer time reminders, or even halal restaurant finders. With the growing reliance on smartphones, a well-designed app can easily reach and serve millions of users worldwide, giving you a platform to positively impact lives while generating income.
Starting a mobile app business requires initial planning, basic coding skills, or the option to hire a developer. You'll need to focus on designing a user-friendly interface, conducting thorough testing, and marketing your app to attract users. Visit Starter Story for some real-life examples of successful mobile app ventures.
Why consider building a mobile app?
- Mobile apps offer a broad reach, allowing you to connect with a vast audience, especially within the global Muslim community.
- You could create solutions that address specific cultural and religious needs, adding value to the lives of Muslims worldwide.
- The app development market is lucrative, offering potential for significant financial returns with a successful application.
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.
12. Print on demand business ($411K/month)
Launching a print-on-demand business can be a savvy and practical way for Muslims to supplement their income or start a side hustle that could eventually evolve into a full-time venture. This business model, which leverages dropshipping production and fulfillment services, allows you to create custom products without bearing the burden of upfront inventory costs. Entrpreneurial Muslims can design unique and trendy products that not only resonate with a global audience but also align with Islamic values, all while managing operations conveniently from home.
In leveraging online marketplaces like Amazon, eBay, and Etsy, print-on-demand sellers gain access to a vast customer base with minimal startup costs. The flexibility to scale at your own pace and the potential to monetize your creativity make this an appealing opportunity. For more information on reaching profitability in print-on-demand, explore this Starter Story page.
Is print on demand right for you?
- You could focus on creating Islamic-themed designs, such as quotes from the Quran or inspirational messages, enabling you to share your faith.
- Low barriers to entry and minimal financial risk make it feasible even if you're just starting out.
- Running from home allows you to maintain a flexible schedule that fits around other commitments.
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.
13. Start a YouTube channel ($72.1K/month)
Starting a YouTube channel could be an excellent way to supplement your income or even turn into a full-fledged business, especially as a Muslim. The versatility of YouTube allows you to share your unique perspectives, whether it's on Islamic teachings, halal cooking, or lifestyle content that aligns with your values. This platform not only opens a door to potential revenue through ads, sponsorships, and merchandise but also lets you engage and inspire a global audience.
The flexibility of running a YouTube channel means you can work around your existing commitments, making it a practical side hustle or primary business. Quality content, consistency, and audience engagement are key aspects in building a successful channel. Additionally, understanding video SEO and social media marketing can elevate your channel's reach even further. If you're ready to invest the time and effort, this venture could be both financially rewarding and spiritually fulfilling.
Read more about how to get started with a YouTube channel on Starter Story.
Why start a YouTube channel?
- Potential to earn through multiple revenue streams such as ads, sponsorships, and merchandise.
- Flexibility to create content aligned with Islamic values and reach a global audience.
- Opportunity to inspire and engage with a community, making an impact beyond just financial gains.
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.
14. Start an affiliate marketing business ($77.5K/month)
Starting an affiliate marketing business could be a smart choice for Muslims looking to supplement their income or start a side business. With affiliate marketing, you earn a commission for promoting other companies' products and services, allowing you to generate passive income over time. This business model can be started with minimal investment, making it accessible for anyone looking to increase their financial stability while aligning with their values.
To begin, you need to choose the right products and brands to partner with, ensuring they align with ethical and Halal principles. Whether you prefer promoting products from an eCommerce store or partnering directly with manufacturers, there are abundant opportunities to make extra income through affiliate marketing. For more tips on how to get started, you can read this guide.
Why consider an affiliate marketing business?
- It offers a passive income stream. Once set up, affiliate marketing can continue to generate income with minimal ongoing effort.
- Low initial investment is required. Affiliate marketing has low startup costs, making it accessible to a wide range of entrepreneurs.
- It aligns with ethical values. You have the ability to choose and promote products that align with Islamic principles.
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.
15. Start a social media automation business ($139K/month)
Starting a social media automation business could be a highly effective way for Muslims to supplement their income and fill a growing market need. Imagine managing multiple social media accounts effortlessly while driving engagement and growth; that's the essence of this business. By creating tools and services for scheduling posts, automating interactions, and analyzing data, you could save your clients significant time and enhance their social media presence. Furthermore, for those with a knack for technology and marketing, it can be both a lucrative and fulfilling endeavor.
Why consider a social media automation business?
- Demand is high due to the need for consistent social media engagement.
- You could align this tech-forward business with Islamic ethical guidelines.
- Working with various clients offers plenty of networking opportunities, possibly within the Muslim community.
Learn more about this business idea here: Startup Costs.
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.
16. Start an ai based business solution ($55.8K/month)
Considering an AI-based business solution could be a strategic move if you're looking to supplement your income or start a side business as a Muslim. This approach leverages advanced artificial intelligence tools to optimize business processes such as customer service, inventory management, and data analysis. With the market rapidly growing and businesses continuously seeking competitive advantages, integrating AI can help in making data-driven decisions, reduce costs and enhance overall efficiency.
Moreover, the user-friendly platforms available mean you don't need a tech background to get started. This kind of business venture could provide you with the opportunity to innovate and improve business performance, which aligns with entrepreneurial aspirations. If you’re intrigued by the potential of this business idea, you can read more about the costs and marketing strategies here.
Why starting an AI-based business solution?
- The market demand is rapidly growing, making it a profitable venture.
- You could automate repetitive tasks, freeing up time for strategic initiatives.
- AI tools can offer valuable insights, aiding in better decision-making and enhanced customer experiences.
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.
17. Start a laser cut coasters business
Starting a laser cut coasters business could be a practical and fulfilling way for Muslims to supplement their income or even build a full-time entrepreneurial venture. By incorporating intricate designs and Islamic art, you could create unique products that resonate with the community while also adhering to Halal principles. Harnessing laser cutting technology ensures high precision and craftsmanship, allowing you to offer custom designs at a lower cost and maximize your profits.
For more in-depth insights on the startup costs, you can find more information here.
Why consider starting a laser cut coasters business?
- Cultural Resonance: You could create designs that reflect Islamic art, which would be cherished by the Muslim community.
- High Precision: Laser cutting allows for accurate and detailed designs, enhancing the aesthetic appeal and quality of your products.
- Economic Viability: Custom designs at lower production costs mean higher profit margins, making it a sound financial venture.
18. Develop a lead generation tool ($108K/month)
Starting a lead generation tool business could be a lucrative opportunity, especially for Muslims looking to align their entrepreneurial efforts with their values. This venture not only allows you to ethically create value for other businesses by connecting them with potential clients but also enables you to operate in a technology-driven, scalable market. Furthermore, such a business can be managed remotely, making it easier to balance work with religious and personal commitments.
By automating the process of finding new clients, you could help businesses focus more on conversions and less on laborious tasks. Integrating with various digital touchpoints, your tool can gather essential information like email addresses, phone numbers, and customer interests, thereby streamlining marketing efforts for businesses of all sizes. For more details on startup costs and potential benefits, check out this page on Starter Story.
Why develop a lead generation tool?
- High demand for efficient marketing tools means plenty of potential clients.
- It’s a scalable business model that can grow alongside your skills and efforts.
- Automating lead generation can provide a significant solution to a common business problem, allowing companies to focus on higher-value activities.
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.
19. Start a cold email service business ($170K/month)
Starting a cold email service business as a Muslim could be a lucrative and spiritually rewarding venture. This business allows you to utilize your communication skills and strategic mindset to help other businesses grow, all while maintaining halal principles. By offering a valuable service that aids companies in effective client outreach, you promote professionalism and integrity, aligning with Islamic values.
A cold email service business involves crafting and sending targeted email campaigns to prospective clients on behalf of other businesses. This means you'll need a knack for writing compelling emails and some familiarity with email marketing tools. Check out these resourceful guides on Starter Story to help you get started and understand the startup costs and marketing strategies: /ideas/cold-email-service-business/startup-costs and /ideas/cold-email-service-business/marketing-ideas.
Why start a cold email service business?
- You could leverage your writing and strategic skills to help businesses achieve their goals while earning a reliable income.
- It's a scalable business model; start with small businesses and expand as your success stories grow.
- This venture allows you to work flexibly and remotely, providing a healthy work-life balance and maintaining your spiritual routine.
How much you can make: $4,000 — $450,000/month
How much does it cost to start: $200 (?)
How long does it take to build: 35 days (?)
GMass, an email marketing platform that allows users to send cold emails and email marketing campaigns with Gmail, has attracted over 500,000 user signups, including major tech companies like Uber, LinkedIn, and Google, and now generates over $200K in monthly recurring revenue through a successful content marketing strategy and focused ad spend.
20. Start an email marketing tool ($992K/month)
Starting an email marketing tool could be an excellent opportunity for a Muslim entrepreneur looking to supplement their income, make extra money, or even establish a full-fledged business. The demand for email marketing solutions is growing exponentially, with the market expected to reach $2.53B by 2028. This presents a lucrative chance to offer valuable services to various businesses, including fellow Muslim-owned enterprises, startups, and even real estate agents.
An email marketing tool helps businesses create, manage, and automate email campaigns effectively, making it easier for them to reach their target audience and drive engagement. With the convenience of setting it up with just a domain and hosting account, the potential for making a meaningful impact in the business world is enormous. You could develop halal-compliant tools and features to cater specifically to Muslim businesses and communities, ensuring ethical and aligned marketing practices.
Why start an email marketing tool?
- The booming email marketing industry offers a growing and profitable market opportunity.
- You could offer halal-compliant tools and features that cater specifically to Muslim businesses.
- Starting an email marketing tool requires low initial investment but offers high scalability.
For more insights on the profitability and success stories of email marketing tools, check out this detailed page on Starter Story here.
How much you can make: $120 — $20,833,333/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 180 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.
21. Start a stock photography business ($14.6K/month)
Starting a stock photography business could be an excellent opportunity for Muslims to supplement their income and transform a side hobby into a profitable venture. By investing in quality photography gear and honing your skills, you could create high-quality images that appeal to bloggers, website owners, and various businesses. With the right online presence, your portfolio of stock photos could become a source of passive income, providing financial stability while working in alignment with your creative interests.
Why start a stock photography business?
- It allows for flexible working hours, fitting around your other commitments and religious practices.
- Building an online portfolio of high-quality images could generate passive income, providing long-term financial benefits.
- You could use your photography skills to support ethical and culturally sensitive content, contributing positively to the digital space.
For more detailed insights, check out this starter story on stock photography business success stories.
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.
22. Start a wordpress plugin business ($33.4K/month)
Starting a WordPress plugin business could be a lucrative side venture for Muslims, allowing you to work within the comfort of your own home while adhering to Islamic principles. As a WordPress user, you already know the high demand for effective plugins, offering you a substantial market with relatively low overhead costs. This entrepreneurial path allows for flexibility, providing an opportunity to solve specific problems within the WordPress ecosystem and generate additional income.
Why start a WordPress plugin business?
- Developing and selling plugins can be done from home, giving you the flexibility to balance work and religious commitments.
- There is a significant demand for quality WordPress plugins, making it a profitable niche with an established customer base.
- This business allows you to create useful tools that solve practical problems, aligning with the Islamic principle of contributing positively to society.
For more tips on starting a WordPress plugin business, check out Starter Story.
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 niche investment platform ($167K/month)
Starting a niche investment platform could be especially beneficial for Muslim entrepreneurs. This business allows for the creation of specialized trading ecosystems in alternative asset classes like collectibles, cryptocurrencies, or real estate, which are compliant with Islamic finance principles. By focusing on niche markets, you could attract investors looking for asset diversification while ensuring adherence to ethical investing standards.
Why consider starting a niche investment platform?
- Offers an ethical and Halal investment option, aligning with Sharia principles.
- Creates a unique, exclusive user base by focusing on specialized asset classes.
- Generates recurring revenue from transaction fees and premium subscriptions.
For further insights, learn more about the startup costs here.
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.
24. Start a real estate investment firm ($398K/month)
Starting a real estate investment firm offers a compelling opportunity for Muslims keen on building wealth through property while adhering to Islamic principles. This business involves buying, managing, and selling real estate assets to generate profit, including scouting lucrative properties, negotiating deals, handling renovations, and managing rentals or sales. The allure is undeniable as the real estate market offers substantial profit potential, steady income from rental properties, and significant property appreciation over time.
For Muslims, a real estate investment firm can be an ideal venture that aligns with Halal practices, focusing on tangible assets and real value creation. To find out more about the business essentials, you may want to explore the pros and cons of real estate investment firms.
Why consider starting a real estate investment firm?
- Real estate investments allow you to build wealth without engaging in interest-based transactions, adhering to Islamic financial principles.
- Owning rental properties provides a steady stream of income, offering financial stability and growth.
- Real estate has a proven track record of appreciating over time, providing substantial long-term financial returns.
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.
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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.