27 Business Ideas For Bankers [2024]
Interested in starting a business as a banker in 2024?
If managed well, building a business as a banker could be more lucrative than employment. So, which are the best business ideas for Bankers?
We put together 27 of some of the best banker business ideas you can start in today.
For each business idea, we'll show you real-world examples of other banker businesses to help you see what it takes.
Here's the full list:
1. Start a financial service business ($372K/month)
As a banker, you could leverage your extensive financial knowledge and experience to start a financial service business, providing services such as investment advice, retirement planning, tax preparation, and budgeting. This venture could supplement your current income or even transition into a full-time endeavor, offering you the flexibility to work with a diverse range of clients—both individuals and businesses.
Your strong foundation in finance, supported by relevant certifications or degrees, will be invaluable in building trust and credibility with clients. Moreover, staying updated on financial laws and regulations will ensure that you deliver sound and compliant advice.
If you are entrepreneurial-minded and committed to financial excellence, this business idea offers a rewarding opportunity to make a tangible difference in people’s financial health, helping them achieve their goals and secure their futures.
How much you can make: $11,500 — $2,000,000/month
How much does it cost to start: $8,000 (?)
How long does it take to build: 95 days (?)
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ConnectionPoint's founder and CEO, Daryl Hatton, shares his experience of launching an enterprise-class crowdfunding-as-a-service platform that has helped almost 200,000 projects in 40+ countries raise over $200 million, and offers valuable insights on taking a focused approach to growth and pivoting the business to solve customer problems.
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2. Start a career consulting business ($32.9K/month)
Starting a career consulting business could be an excellent fit for a Banker looking to supplement their income or explore a new entrepreneurial avenue. Leveraging your industry knowledge, you could guide clients through career transitions, job searches, and professional growth, offering invaluable insights that come from real-world financial sector experience.
Given the intricate understanding of corporate structures and market trends acquired in banking, you could help clients identify their strengths, optimize their resumes, improve interview skills, and ultimately find fulfilling careers. This venture not only offers the potential for significant financial rewards but also allows you to make a meaningful impact on individuals' lives by aiding them in achieving their career goals.
With your strong communication skills and extensive network, you’re well-equipped to build a loyal client base. Staying updated on industry trends and maintaining robust relationships will be crucial to your success. This career consulting business is ideal for a Banker interested in a dynamic side business that fosters long-term client relationships and ongoing personal and professional development.
How much you can make: $1,100 — $160,000/month
How much does it cost to start: $850 (?)
How long does it take to build: 90 days (?)
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Career Sidekick founder Biron Clark shares how he turned his job search advice website into a multiple six-figure per year business, earning approximately $25,000 per month from revenue streams predominantly based on display advertising and affiliate marketing.
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3. Become a business consultant ($205K/month)
As a Banker, you could leverage your financial expertise and industry insights to become a successful business consultant. Your deep understanding of financial systems, risk analysis, and investment strategies are valuable assets that businesses seek to streamline their operations and achieve their goals.
With the growing demand for business consultants, this avenue offers an excellent opportunity to supplement your income or even transition into a full-time entrepreneurial venture. Embarking on this path requires a bachelor's degree and building a professional network to connect with potential clients.
Becoming a certified business consultant could enhance your career satisfaction and financial success. Are you ready to start your business consulting career and develop a professional network and web presence to help you connect with clients?
How much you can make: $1,500 — $1,500,000/month
How much does it cost to start: $1,600 (?)
How long does it take to build: 90 days (?)
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This case study is about a founder who launched a paywall platform for content creators in 2019, bootstrapping it from $0 and eventually selling it for $3.5M on Flippa, with the platform generating between $125,000 - $142,000 in Monthly Recurring Revenue (MRR) on 95% margins.
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4. Start a sales automation platform ($171K/month)
As a Banker, you could leverage your financial expertise and industry connections to develop a sales automation platform, providing a valuable tool for businesses looking to streamline their sales processes. This venture involves creating software that automates tasks from lead generation to follow-ups, allowing companies to enhance efficiency and minimize errors. Your understanding of financial management and analysis could be crucial in designing a solution that also offers insightful data analytics and ROI tracking for clients.
The growing emphasis on efficiency and digital transformation across industries makes this an opportune time to introduce a sales automation platform. With your background, you could tailor your product to meet the specific needs of financial institutions or other sectors you are familiar with, ensuring it delivers tangible value and earns client trust.
How much you can make: $1,000 — $1,666,667/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 105 days (?)
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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.
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5. Become a landlord
As a banker, you could leverage your financial acumen and investment knowledge to excel as a landlord. Investing in rental properties allows you to generate a steady stream of income through monthly rent payments, tapping into the growing market of renters. This approach could supplement your income, providing financial stability and an additional revenue stream.
Additionally, becoming a landlord offers the potential for substantial long-term investment gains as real estate values appreciate over time. With your expertise in managing finances and assessing risks, you could effectively manage properties and tenants, increasing your cash flow while enjoying the flexibility of being your own boss. This venture aligns well with your existing skills, presenting a practical and lucrative entrepreneurial opportunity.
6. Start an investment training business ($113K/month)
Investment Training Business for Bankers
As a banker, starting an investment training business could be a lucrative venture that leverages your existing expertise. By demystifying the world of finance and providing educational content on effective investment strategies, understanding financial markets, and making informed decisions, you could attract a wide audience eager to enhance their financial literacy.
With the growing demand for financial education, you could offer online courses, webinars, and one-on-one coaching to accommodate various learning styles and experience levels. By creating comprehensive and accessible content, you could establish yourself as a trusted guide and capitalize on the increasing interest in investment.
Utilizing platforms like YouTube channels, podcasts, and specialized membership sites would allow you to reach a broader audience. By focusing on delivering valuable insights and actionable advice, your investment training business could pave the way for supplemental income or even evolve into a full-time entrepreneurial endeavor.
How much you can make: $5,200 — $600,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 45 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/016/468/thumbnail/greg_headshot.jpg?1688797437)
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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7. Start an investment consulting business ($263K/month)
If you're a banker looking to leverage your financial expertise, starting an investment consulting business could be a promising venture. Investment consulting involves advising clients on how to manage, grow, and protect their financial assets, allowing you to apply your banking knowledge in a new and impactful way.
By offering tailored investment strategies, you could build strong client relationships while staying on top of market trends. With the growing demand for personalized financial advice, you have the opportunity to carve out a niche and build a thriving consultancy. This could not only supplement your income but also offer a fulfilling path for helping others achieve financial success.
How much you can make: $2,000 — $2,000,000/month
How long does it take to build: 135 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/016/468/thumbnail/greg_headshot.jpg?1688797437)
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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8. Start a money coaching business ($38.3K/month)
As a banker, you possess a wealth of financial knowledge and expertise, making you uniquely suited to start a money coaching business. This venture allows you to leverage your existing skills to help individuals gain financial clarity, set goals, create budgets, and develop strategies for debt reduction and savings. By sharing your insights, you could significantly improve your clients' financial well-being while also supplementing your income.
Starting a money coaching business involves more than just passion; it requires certification in financial coaching or related fields and impeccable communication and empathy skills. Your background in banking will serve as a strong foundation, and with a solid marketing plan, you could attract a steady stream of clients. Additionally, creating a website and leveraging social media will enable you to reach a wider audience and establish your brand.
How much you can make: $2,000 — $240,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 15 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/017/476/thumbnail/Ricardo_Pina_Headshot.jpg?1688801314)
The Modest Wallet is a personal finance website founded by Ricardo Pina that generates an average of $8,500 a month in revenue by using an affiliate commission revenue model, with a strong emphasis on SEO to drive website traffic.
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9. Start a seo consultant business ($156K/month)
As a banker with an entrepreneurial mindset, you could leverage your analytical skills and business acumen to start an SEO consultant business. Given the rising demand for SEO services across various industries, you could provide professional advice to businesses aiming to improve their search engine rankings, thereby supplementing your income or even creating a robust side hustle.
Your financial expertise would be invaluable in analyzing market trends and developing strategic SEO plans for clients, helping them compete more effectively online. By tapping into this growing market, you could earn significant profits while expanding your professional horizons beyond traditional banking.
How much you can make: $1,000 — $1,800,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
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Power Move Marketing is an innovative digital marketing company founded by Hailey Brooke McFadden, which has achieved an impressive monthly income of $22,075 and is projected to make almost $300,000 in its first year, by offering a one-stop-shop for e-commerce businesses looking for a marketing powerhouse with a female positive culture.
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10. Start a SEO & lead generation service ($60K/month)
As a Banker with a keen eye for financial growth and attention to detail, you could leverage your analytical skills to excel in the SEO & lead generation space. By helping businesses attract and convert prospects into loyal customers, you would be tapping into a lucrative field that is in high demand across various industries.
Your ability to analyze market trends and understand client needs gives you an edge in developing effective lead generation strategies. Learning the fundamentals and gaining experience in digital marketing could open doors to a profitable side business or even a full-time entrepreneurial venture.
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 (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/016/432/thumbnail/Justas_Linkedin_1.jpg?1688797287)
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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11. Start a lead generation service ($287K/month)
A lead generation service could be an excellent entrepreneurial venture for a Banker. With your analytical skills and financial acumen, you could establish a highly effective system to identify and attract potential customers for various businesses. By leveraging your expertise in data analysis, you can create targeted strategies, campaigns, and tools to capture and convert interest into actionable leads.
In today’s competitive market, many businesses are willing to invest significantly in quality lead generation to drive their sales pipeline. By offering a steady stream of high-quality leads, you could provide immense value to your clients and secure a reliable source of income. This business aligns well with an entrepreneurial mindset and the desire to help businesses grow while supplementing your current career.
How much you can make: $4,000 — $1,600,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 90 days (?)
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Stackmatix achieved $20k MRR in under two years by providing integrated digital marketing solutions for businesses, from start-ups to Enterprises, with a holistic, consultative approach, and currently they're pacing towards their goal of $50k MRR in another six to twelve months.
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12. Start a b2b lead generation service ($172K/month)
As a banker, you could leverage your analytical skills and extensive network to start a B2B lead generation service, helping other businesses find high-quality leads. Given your experience in building and nurturing client relationships, you would excel in identifying potential business clients and establishing meaningful connections on their behalf.
Starting a B2B lead generation service allows you to utilize your proficiency in data analysis and sales, using a combination of research and technology tools to create a robust pipeline of prospects for other companies. The demand for such services is high, as every business needs a steady flow of leads to grow, making this an appealing and potentially lucrative entrepreneurial venture for banking professionals.
How much you can make: $500 — $1,250,000/month
How long does it take to build: 165 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/009/485/thumbnail/Screenshot_2023-06-16_113531.png?1688795326)
A 20-year-old digital nomad and serial entrepreneur shares his journey of starting a successful digital marketing agency, Nomads with Solutions, which specializes in Facebook lead generation, and offers insights on client acquisition, personal branding, and focusing on self-improvement.
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13. Start a SEO services ($87.4K/month)
As a Banker with a keen entrepreneurial spirit, you could leverage your analytical skills and understanding of market dynamics to start an SEO services business. This venture involves helping businesses improve their visibility on search engines like Google, by optimizing website content, building quality backlinks, and conducting keyword research. Given your adeptness with data analysis, translating these skills to SEO strategies could be a natural transition.
This kind of business can be initiated with minimal initial investment—just a computer, internet connection, and some basic SEO knowledge. You could particularly target small businesses looking to enhance their online presence, providing a valuable service without requiring a large upfront investment. This dual approach allows you to supplement your income while diversifying your professional portfolio.
How much you can make: $3,000 — $800,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
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This case study describes the journey of Russell Michelson who, after leaving his corporate job, turned his WordPress skills into a thriving boutique SEO agency earning $20k/month, thanks to client referrals and Upwork.
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14. Start an ecommerce management software ($603K/month)
As a banker with a keen understanding of financial systems and a desire to generate additional income, developing an ecommerce management software platform could be a lucrative side business or full-time venture. By leveraging your analytical skills and attention to detail, you could create a comprehensive solution that helps online retailers manage inventory, streamline sales processes, and enhance customer interactions.
With the growing need for efficient and effective ecommerce tools, your software could cater to small businesses or larger enterprises, offering intuitive and automated features that save time and reduce errors. This business opportunity requires a strong grasp of ecommerce processes and technical prowess in software development, but the potential for impact and profitability in the rapidly expanding online retail market is substantial.
If you are entrepreneurial-minded and interested in building a product that delivers real value to the ecommerce community, developing an ecommerce management software platform presents a compelling opportunity.
How much you can make: $10,000 — $2,400,000/month
How much does it cost to start: $6,500 (?)
How long does it take to build: 90 days (?)
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ShipHero co-founders built their successful e-commerce fulfillment business, offering warehouse management software and outsourced eCommerce fulfillment, growing revenues from zero to $30 million annually, processing over $5 billion of e-commerce gross merchandise volume (GMV) annually while only having received $435,000 in outside capital investment.
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15. Start a growth agency ($47.9K/month)
Starting a growth agency could be an exceptional side business or new career avenue for a Banker. With your financial acumen, you could leverage your understanding of revenue generation and risk management to help businesses achieve their growth objectives. By focusing on marketing, sales enablement, technology, and growth hacking, you could influence not just marketing KPIs but also product development and service offerings.
Given the high demand for growth services, particularly among brand owners wary of stagnation, your agency could find a robust client base eager for innovative solutions. These brands understand that staying small and stagnant puts them at risk of losing clients, making your services highly valuable.
To ensure the success of your growth agency, consider hiring a team with diverse skill sets like editorial skills, graphic design, content creation, SEO, and social media management. Building a strong company culture and ensuring prompt responses to client needs will be essential. This entrepreneurial venture could provide both a fulfilling experience and a lucrative opportunity to supplement your income or establish an entirely new business.
How much you can make: $6,000 — $140,000/month
How much does it cost to start: $1,250 (?)
How long does it take to build: 60 days (?)
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This case study features Md. Yousuf Ali, the founder of Rank Trends, who shares how he started a successful digital marketing agency, which generated a revenue of over $6k per month through SEO and video production services.
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16. Start a saas company ($176K/month)
Starting a SaaS company could be a promising venture for bankers looking to supplement their income or even transition into a new industry. Given your analytical skills and understanding of complex financial products, you could design SaaS tools that serve niche markets in the banking and finance sector, such as compliance management, loan origination, or financial forecasting.
Moreover, the subscription-based revenue model of a SaaS company offers recurring income, making it a financially attractive prospect. Drawing inspiration from successful SaaS companies like Salesforce, which generates nearly all its annual revenue from SaaS tools, you could develop a CRM or project management software tailored to financial institutions. By leveraging your industry insights and strong technical skills, you have the potential to create a high-margin, scalable product that offers substantial flexibility and growth opportunities.
How much you can make: $20 — $4,160,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
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AI-powered web application, Excelformulabot.com, generates Excel formulas within seconds for a subscription fee of $6.99/month or free for five formula requests per month, resulting in $14k/month in recurring revenue since its launch in September 2022, accruing millions of visitors through word of mouth, influencer marketing, SEO, and PPC, implemented through no-code web application Bubble.io, while preparing to penetrate a B2B market and focus on B2B outreach in the future.
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17. Start an ecommerce store ($287K/month)
Starting an ecommerce store could be a lucrative side business for a banker looking to supplement their income. With your financial acumen, you could effectively manage the lower overhead costs and exploit the increased flexibility and reach that ecommerce offers. Given the booming nature of online sales, an ecommerce store allows you to connect with a global audience without the constraints of a brick-and-mortar location.
Setting up an ecommerce store involves creating a website where customers can browse and purchase items, and integrating payment processing software to accept credit card payments, both of which are straightforward tasks for someone with a banking background. You could leverage your expertise in risk management to ensure secure transactions and your analytical skills to optimize inventory management. This venture not only offers the potential for significant extra income but also allows you to explore entrepreneurship without stepping away from your banking career.
How much you can make: $350 — $13,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/015/656/thumbnail/D%E2%80%99Shawn-Russell.jpg?1688792851)
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
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18. Start an ecommerce retailing business ($482K/month)
As a banker, you could take advantage of your financial acumen by starting an ecommerce retailing business to supplement your income. Utilizing platforms like Shopify or WooCommerce allows you to seamlessly enter the vast online market, selling products that align with your personal interests or cater to trending consumer demands.
This side business offers flexibility and scalability, enabling you to manage a global customer base and exert control over your brand. From setting up a professional website to handling inventory and marketing, you’ll be able to leverage your analytical skills and strategic mindset. If you’re driven by entrepreneurial pursuits, diving into ecommerce retailing could pave the way to building your own online retail empire.
How much you can make: $2,500 — $3,000,000/month
How long does it take to build: 90 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/015/357/thumbnail/882A0588.jpg?1688790977)
Tower Electric Bikes is a direct-to-consumer eBike brand co-founded by Stephan Aarstol and Mark Cuban, which has done over $36 million in sales since its $150,000 investment in 2012, and produced and sold everything from paddleboards to electric bikes for half the retail price, with the aim of creating the world's first famous eBike brand.
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19. Start a website consulting business ($102K/month)
As a banker with an entrepreneurial mindset, you could consider starting a website consulting business to supplement your income or even transition into a new venture. This enterprise involves advising clients on critical aspects of website design, user experience, SEO, and digital strategy. By enhancing their online presence, you could help businesses optimize their websites for better performance, accessibility, and conversion rates.
Given your analytical skills and experience working with corporate clients, you are well-positioned to understand the strategic needs of businesses looking to improve their digital footprint. The demand for website consulting services is growing, as companies, from small startups to established corporations, increasingly recognize the importance of a strong online presence.
With your knack for numbers and strategic thinking, you can offer tangible benefits to your clients, turning struggling sites into high-performing assets. Providing valuable insights and recommendations will not only directly impact your clients' success but also make this a fulfilling and potentially lucrative venture.
How much you can make: $1,300 — $541,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 30 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/012/880/thumbnail/smaller.jpg?1688874652)
How a self-taught engineer built a software development studio, Materialize, into a 18-person team with a revenue of $125k per month, by leveraging his technical expertise and establishing well-defined processes to build products efficiently and cost-effectively.
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20. Start a data analysis service ($47.3K/month)
As a Banker, leveraging your analytical skills to start a data analysis service could be a highly profitable side business or even a full-time venture. Banks handle vast amounts of data daily, and your expertise in interpreting this information makes you well-equipped to offer valuable insights to other businesses. You could help companies understand customer behavior, optimize marketing campaigns, and make data-driven decisions to improve overall efficiency.
This venture can not only supplement your income but also position you as an essential resource in the growing field of data analytics. You'll need to effectively communicate your findings to clients to ensure they can apply these insights practically. Given the high demand and lucrative nature of data analysis services, this entrepreneurial path could be quite rewarding, both financially and personally.
How much you can make: $20 — $250,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/018/263/thumbnail/dot9amwgzow2rkrqt7r7.jpeg?1688802325)
Founder of PropertyData creates a subscription website for UK property investors and developers that is now making $128,000 per month in recurring revenue.
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21. Start a pet portrait business ($5.6K/month)
As a banker with an entrepreneurial mindset, starting a pet portrait business could supplement your income by leveraging your artistic skills and passion for pets. You could offer specialized services like pet photography, drawings, personalized dog paintings, or cat portraits, allowing you to create unique, custom pieces from the comfort of your own home.
This side business not only provides a creative outlet but also opens opportunities to earn extra cash in a growing market where pet owners are willing to spend on personalized art. By utilizing weekends and evenings for this venture, you could maintain your day job while gradually building a client base and potentially transitioning into a full-time business.
How much you can make: $1,200 — $10,000/month
How much does it cost to start: $611 (?)
How long does it take to build: 15 days (?)
J.B. Shepard, a Baltimore-based mixed media artist, discusses how he turned his passion for dog photography into a successful pet photography studio, with typical commissions coming in at anywhere between $2.5k and $5k and their highest value single order tapping out at just under $12k.
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/014/579/thumbnail/Operations_Director_Colin_Spencer_Halsey_and_Commercial_Director_Graham_Higgins_of_the_Natural_Fibre_Company.jpg?1688789548)
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22. Start an online payment service ($1.16M/month)
As a banker with a solid understanding of financial services, you could leverage your expertise to start an online payment service. This business idea capitalizes on the growing need for secure and efficient payment platforms that handle various payment methods such as debit cards, credit cards, and cash cards.
By establishing a third-party company that facilitates these transactions, you could create a reliable stream of passive income through convenience fees charged to businesses using your platform. This opportunity not only supplements your income but also aligns with your financial acumen, offering a promising pathway to financial independence.
To maximize your success, focus on developing a versatile solution capable of processing different payment types. This entrepreneurial venture tailors perfectly to your skill set as a banker, providing a practical and lucrative extension of your career.
How much you can make: $2,200 — $5,000,000/month
How long does it take to build: 165 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/017/782/thumbnail/IMG-20210818-WA0004.jpg?1688801821)
Transformify, a global payroll and payments platform for international contractors, achieved 650% revenue growth in 2021 and reached profitability in 2019, offering social impact programs for various vulnerable groups, vendor management systems for temporary workforce management, and an AI-driven applicant tracking system to help job seekers switch careers amid Covid-19 outbreak.
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/016/772/thumbnail/2018_03__Insta_April_3.jpg?1688799071)
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23. Start a women's clothing line ($79.8K/month)
As a Banker, you could effectively leverage your financial acumen and strategic planning skills to start a women’s clothing line as a side business or a full-time venture. With the ever-evolving landscape of women's fashion, there are ample growth opportunities that allow you to capitalize on emerging trends and timeless classics.
Your ability to analyze market trends and budget efficiently can be significant advantages in this industry. With your expertise, you could effectively manage costs while maximizing profitability, making this a viable and potentially lucrative entrepreneurial endeavor. Whether aiming to supplement your income or transition entirely out of banking, a women's clothing line could offer a fulfilling and financially rewarding opportunity.
How much you can make: $500 — $600,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 105 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/014/264/thumbnail/boutique-rye-avatar.png?1688788915)
Boutique Rye is an online-only women's clothing and accessories boutique that has grown to 3,200 Facebook Group members and a successful website through organic customer sharing, live sales, and open communication with customers.
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/016/129/thumbnail/getContributorLargePicture_%281%29.jpg?1688795517)
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24. Start an IT company ($23.8K/month)
As a banker, you could consider supplementing your income or starting a side business by establishing an IT company. Your financial expertise and analytical skills are invaluable assets that can help you identify profitable niches within the technology sector, such as software development, network management, and cybersecurity.
The demand for IT services is consistently on the rise as businesses increasingly rely on technology to streamline operations. By leveraging your tech skills and market insights, you could address real needs in the marketplace while carving out a rewarding entrepreneurial path. If you’re inclined towards problem-solving and innovation, an IT company offers an opportunity to shape the digital world.
Keep in mind that building an IT business involves commitment and staying up-to-date with rapidly evolving technologies. However, the payoff could be substantial, both financially and professionally, as you tap into a thriving industry.
How much you can make: $500 — $100,000/month
How much does it cost to start: $3,200 (?)
How long does it take to build: 90 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/016/743/thumbnail/Md._Yousuf_Ali__Cover_Pic.jpg?1688798965)
This case study features Md. Yousuf Ali, the founder of Rank Trends, who shares how he started a successful digital marketing agency, which generated a revenue of over $6k per month through SEO and video production services.
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25. Start a real estate marketing agency ($87.7K/month)
Starting a real estate marketing agency could be a lucrative side business that complements your banking career. If you're a marketing whiz, this venture would let you leverage skills like creating and executing marketing campaigns for clients in the real estate industry. With responsibilities ranging from developing marketing materials, managing social media accounts, and conducting market research, you could capitalize on the current trend of people searching for properties online.
Given the average earnings in the real estate marketing industry, where salaries hover around ₹21 lakhs and can soar up to 50 lakh rupees, this field offers significant financial potential. Your banking experience in understanding market trends and client relations could give you an edge in this competitive space.
If you have strong marketing and people skills, and are comfortable working with various clients, diving into real estate marketing could not only supplement your income but also expand your professional network. Current trends indicate a growing demand for effective online property marketing, making now an excellent time to establish your presence in this sector.
How much you can make: $10,000 — $250,000/month
How long does it take to build: 75 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/017/956/thumbnail/A5F8B81C-8C5B-4CE8-A99B-1048219373AB.jpeg?1703951873)
Coffee and Contracts is a digital marketing subscription service for real estate professionals that has helped over 7,000 members in just two years, with an average monthly revenue of around $165,000, and has grown at a rate of about 5% each month through organic traffic from Instagram and word of mouth.
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/017/153/thumbnail/eldar-photo-1.jpg?1688800739)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/017/240/thumbnail/Mony-Studio-small.png?1718643764)
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26. Start an ecommerce marketing agency ($411K/month)
As a Banker, you could leverage your financial acumen and strong analytical skills to start an eCommerce marketing agency. By helping online sellers achieve their eCommerce business goals through creative, technology, and marketing strategies, you could tap into the lucrative and ever-evolving online retail space.
Given the complexity and constant evolution of the eCommerce industry, your agency could assist brands in keeping up with current trends, balancing production, and effectively growing their online presence without the need for them to employ full-time staff. This creates a valuable service that many online sellers are in dire need of.
Starting an eCommerce agency could be not only profitable but also deeply fulfilling, allowing you to apply your expertise in a new and dynamic environment. By educating yourself on the latest digital marketing techniques and focusing on specific niches, you could differentiate your agency and provide end-to-end services that drive substantial growth for your clients.
How much you can make: $7,500 — $8,300,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 60 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/015/823/thumbnail/Iman_Gadzhi_5.jpg?1688793911)
Iman Gadzhi made over $1.2M in profit within two years with his social media marketing agency and education company, where he teaches entrepreneurs how to start and scale a profitable SMMA, with over 45 of his students making over six figures with their SMMA, and over 300 students having quit their regular jobs.
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/015/357/thumbnail/882A0588.jpg?1688790977)
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27. Start a photo booth business ($325K/month)
Starting a photo booth business could be an excellent entrepreneurial venture for bankers looking to supplement their income. Leveraging your organizational and analytical skills, you could effectively manage the logistics and finances required for purchasing quality equipment and running a user-friendly website. This business is becoming increasingly popular for weddings, parties, and corporate events, providing a unique and entertaining experience for guests.
Given your professional familiarity with client relationships, you could market the photo booth services to event planners and individuals hosting celebrations, potentially maximizing your ROI. As a banker, your strong network and understanding of financial planning could help you scale the business efficiently, making it a lucrative side hustle or even a full-time pursuit. This venture also allows you the flexibility to operate primarily on weekends and evenings, complementing your current working schedule.
How much you can make: $50,001 — $500,000/month
How much does it cost to start: $6,000 (?)
How long does it take to build: 37 days (?)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/017/358/thumbnail/Pranesh_Profile_New.jpg?1688801193)
This case study follows the journey of an Indian first-generation entrepreneur who built Studio 31, a profitable and award-winning wedding photography and film company capturing over 350 weddings annually, with a unique focus on customer experience and organic marketing, serving more than 90% NRI clients and generating an annual revenue of about a million dollars.
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/018/317/thumbnail/mg11.jpg?1688802381)
![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/015/627/thumbnail/Mikey_Moran_Headshot.jpg?1688792681)
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![](http://d1coqmn8qm80r4.cloudfront.net/users/avatars/000/216/072/thumbnail/Hunter-Franklin-Headshot.jpg?1699329131)
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.