25 Business Ideas For Statisticians [2024]
Interested in starting a business as a statistician in 2024?
If managed well, building a business as a statistician could be more lucrative than employment. So, which are the best business ideas for Statisticians?
We put together 25 of some of the best statistician business ideas you can start in today.
For each business idea, we'll show you real-world examples of other statistician businesses to help you see what it takes.
Here's the full list:
1. Start a data analysis service ($42.6K/month)
As a Statistician, starting a data analysis service could be a highly lucrative and fulfilling entrepreneurial venture. You could help businesses make sense of vast amounts of data, providing insights that can drive strategic decisions, enhance marketing campaigns, and understand customer behavior more deeply. This type of service is not only in high demand but also allows you to leverage your expertise to offer valuable solutions to clients.
Additionally, such a business can be done on a part-time or freelance basis, as you manage other responsibilities, or it can evolve into a full-time endeavor as you gain more clients. Effective communication skills will be key, enabling you to translate complex statistical findings into actionable insights for your clients. Helping businesses unlock the power of their data positions your service as an essential tool for their growth, enabling you to enjoy a potentially profitable and purposeful career move.
iTechArt, a leading custom software development company, has exemplified the profitability and job creation potential in the analytics sector, further underscoring the viability of your data analysis service. With your analytical skills and desire to help businesses optimize their decision-making processes, you could carve out a successful niche in this high-demand market.
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 (?)
Founder of PropertyData creates a subscription website for UK property investors and developers that is now making $128,000 per month in recurring revenue.
2. Start a data mining and analytics tools business ($237K/month)
As a statistician, starting a data mining and analytics tools business could be a highly rewarding entrepreneurial venture. By leveraging your expertise in statistics, programming, and machine learning, you could develop software that transforms raw data into actionable insights for industries such as finance, healthcare, and retail.
With the surge in demand for data-driven decision-making, the market for innovative analytics solutions is booming. You could provide businesses with the intelligence they need to improve their strategic decisions, driving their success and pioneering industry transformations. This business idea uniquely combines your technical skills with a deep understanding of market needs, making it an exciting and potentially profitable venture.
How much you can make: $450 — $1,500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 107 days (?)
Parseur, the data extraction tool, helps businesses automate their data entry process, catering to multiple industries such as food delivery, real estate and marketing, and has grown to over $40k in revenue per month since its launch in 2017.
3. Start a data protection tool business ($525K/month)
As a Statistician, you could leverage your analytical skills to start a data protection tool business that supplements your income or evolves into a full-time venture. By developing software solutions that safeguard sensitive data, you address a critical need in today's digital age where breaches and unauthorized access are rampant.
Your background in data analysis positions you uniquely to create advanced tools that ensure companies stay compliant with regulations and protect customer information. Given the increasing number of cyber-attacks and the rising demand for data privacy, businesses are eager to invest in top-notch security solutions. This makes your potential offerings—ranging from encryption and secure storage to advanced threat detection—indispensable assets for modern enterprises.
How much you can make: $100 — $6,000,000/month
How long does it take to build: 227 days (?)
Spokeo is a people information service helping over 15 million users a month search and connect with others through organizing over 14 billion records into easy-to-understand reports generating over $6M per month.
4. Start a data analytics software business ($454K/month)
Starting a data analytics software business could be a lucrative avenue for you as a Statistician. Given your expertise in the collection, analysis, and interpretation of data, you could create user-friendly software that addresses the specific data analysis needs of a particular industry or niche. This could involve developing custom reporting tools, intuitive dashboards, and other features to help clients visualize and interpret their data effectively.
By leveraging your statistical knowledge, you could offer solutions that streamline the decision-making processes of organizations, thereby demonstrating the value of your tools. Focusing on the unique needs and challenges of your target market not only ensures that your software is user-centric but also helps build a successful business that delivers real value.
Additionally, effective marketing emphasizing the simplicity, efficiency, and impact of your software could attract potential clients and set your business apart in a competitive field. This approach could help you supplement your income, make extra money, or even build a full-fledged business that capitalizes on your statistical skill set.
How much you can make: $1,000 — $4,200,000/month
How long does it take to build: 150 days (?)
Diesel Laptops, a B2B company that sells diesel diagnostic hardware, software, and services, successfully doubled revenue each year to make $20 million annually within three years, grew from its founder's garage and dining room table to a 21,000 square foot facility with over 90 employees by listening to customer pain points and offering the bundled products, technical support and repair information to attract and retain diesel technicians and repair shop owners.
5. Start an AI SaaS business ($39.3K/month)
As a statistician, you could leverage your expertise to supplement your income or even launch an entirely new business by starting an AI SaaS venture. The core idea is to develop cloud-based software powered by artificial intelligence, offering businesses innovative solutions like natural language processing tools or predictive analytics. These applications greatly enhance decision-making processes for companies while eliminating the need for them to invest in developing such technologies in-house.
Given your analytical skills and deep understanding of data models, you could design highly accurate and customized AI solutions, making your services indispensable to various industries. The demand for AI applications is skyrocketing, and with a strong development team and cloud infrastructure, you could capitalize on this trend. This field presents a significant opportunity for an entrepreneurial-minded statistician, providing a pathway to create a scalable and profitable business.
How much you can make: $150 — $200,000/month
How much does it cost to start: $2,750 (?)
How long does it take to build: 20 days (?)
NotionForms, a SaaS company offering a form builder integration to Notion, boasts an impressive total of 26k users, 850 paid subscribers, and an ARR of $182k, with steady growth since its launch and being used internally by many huge tech companies.
6. Start a low code platform ($1.31M/month)
As a Statistician, you could leverage your analytical skills to create and manage a low code platform, enabling businesses and individuals to develop applications with minimal coding. This could open up new revenue streams by offering tools that allow users to easily build complex software solutions through drag-and-drop interfaces and pre-built templates.
Given the rising demand for time-saving and cost-efficient tech solutions, this business idea aligns well with current market needs. You could cater to a diverse customer base, ranging from startups to large enterprises, by offering a platform that simplifies the development process and enhances productivity for those intimidated by traditional coding.
Starting a low code platform not only has the potential for significant financial returns but also positions you at the forefront of democratizing software development. With your statistical expertise, you could optimize the platform's capabilities, ensuring it meets a high standard of efficiency and user satisfaction.
How much you can make: $10,000 — $7,500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 70 days (?)
LowCode Agency uses no/low code tools to build custom-made apps at 80% lower cost and 70% faster than traditional app development agencies, growing double digits every month and targeting $150,000 in sales in their first year.
7. Start a no code automation business ($23.5K/month)
As a statistician, you could leverage your analytical skills and deep understanding of business processes by starting a no-code automation business. This venture involves using intuitive, no-code tools to automate repetitive tasks and workflows, simplifying everything from email marketing campaigns to data integration and customer management without any programming knowledge.
In essence, you could provide custom automation solutions, helping companies streamline their operations, enhance efficiency, and reduce costs. Given the rising demand for such services, this can be a lucrative side business or even a full-time entrepreneurial endeavor. Begin by familiarizing yourself with popular no-code platforms and consider obtaining certifications to enhance your credibility in this promising field.
How much you can make: $5,000 — $100,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 70 days (?)
Codemap.io is a freelance & agency marketplace for no-code, low-code, and automation, enabling anyone to hire no-code experts to build their products, MVPs, and apps up to 10x cheaper and faster than with traditional development, with 900+ clients, close to $2,000,000 in created projects, and 110+ hires made, all achieved in less than 6 months.
8. Start a help desk software ($238K/month)
As a Statistician, you could leverage your analytical skills to develop help desk software that enhances customer support efficiency. By utilizing your expertise in data analysis, you can design algorithms for ticketing, tracking, and resolving customer issues, thereby streamlining the support process and boosting operational effectiveness. Your proficiency in statistics could also be pivotal in creating real-time analytics features that help businesses identify patterns and preemptively address recurring issues.
The entrepreneurial opportunity here lies in the rising demand for impeccable customer service across businesses of all sizes. You could create a scalable and impactful product by focusing on multi-channel support, automated workflows, and insightful analytics. This could not only supplement your income but also position you at the forefront of a burgeoning market, offering a critical tool that solves real pain points for organizations.
How much you can make: $4,500 — $830,000/month
How long does it take to build: 178 days (?)
Senthil Kumar spearheads Siva Solutions Inc, a game-changing digital marketing and software development company which caters to dentists using an array of well-crafted products to manage patient data and inquiries, thus enabling efficient management of processes, while boosting them to the 1st page on Google.
9. Start a cloud management software ($129K/month)
As a statistician with a knack for data and analytical skills, you could leverage your expertise to develop and manage cloud management software. This venture offers you the opportunity to create platforms that help organizations efficiently monitor, manage, and optimize their cloud infrastructure, handling everything from data storage solutions to ensuring security compliance.
Given your background in statistical analysis, you could focus on creating tools within the software that provide advanced data analytics and predictive insights, ultimately helping businesses make data-driven decisions about their cloud usage. The potential market for cloud management tools spans diverse industries such as healthcare and finance, affording you the chance to tap into a high-demand, growth-oriented sector.
By diving into this entrepreneurial endeavor, you would not only supplement your income but also position yourself at the forefront of digital transformation. If you are driven by solving complex problems and have an affinity for software development, this could be the lucrative and fulfilling business opportunity you are looking for.
How much you can make: $25,000 — $330,000/month
How long does it take to build: 180 days (?)
Third Wave Analytics developed the world's first cloud-based and customizable LIMS platform on Salesforce, generating $330k monthly revenue from clients such as Ohio State University and Boston University School of Medicine while partnering with the University of California-Berkeley for a COVID-19 study; founder Savitra Sharma advises aspiring entrepreneurs to focus on clear objectives to meet their goals.
10. Start a fashion business ($114K/month)
As a statistician, starting a fashion business could enable you to harness your analytical skills to identify emerging trends and make data-driven decisions in a booming industry. In 2022, the fashion industry was valued at $473.42 billion, with a growth rate of 8.3% over the previous year, making it a fertile ground for entrepreneurial opportunities. By analyzing consumer behavior and market trends, you could develop a niche product line that meets the ever-evolving demands of fashion enthusiasts.
Utilizing platforms like TikTok and Instagram, you could effectively market your fashion products by targeting specific demographics and maximizing engagement. Your ability to interpret social media metrics and campaign performance could give you an edge in a highly competitive market. Combining your statistical expertise with passion and perseverance, you could build a successful fashion brand that stands out.
How much you can make: $100 — $2,100,000/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 120 days (?)
Learn how this DIY blogger turned sewing pattern maker generates over $10k per month in passive income, and discover her tips for building an authentic brand on a budget.
11. Become an IT consultant ($482K/month)
As a statistician, you could leverage your analytical skills and data expertise by transitioning into IT consulting. This role involves evaluating a company's IT systems, diagnosing issues, and designing solutions to meet business objectives, all of which require a keen eye for detail and strong problem-solving capabilities. Your proficiency with data and statistical methods would enable you to provide deeper insights into IT infrastructure performance and optimization.
Furthermore, becoming an IT consultant could offer you the flexibility to supplement your income or even develop a side business. Understanding client needs and offering tailored IT solutions would allow you to utilize your statistical background in new and impactful ways, making it a logical extension of your existing skill set. In today's data-driven world, combining your statistical expertise with IT consulting could open up numerous entrepreneurial opportunities.
How much you can make: $2,100 — $4,166,667/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
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.
12. Start a marketing consulting business ($122K/month)
As a Statistician, you could seamlessly transition into a marketing consulting business by leveraging your expertise in data analysis and market research. Your ability to interpret complex data sets and derive actionable insights could help businesses optimize their marketing strategies, targeting audiences more precisely and efficiently. This data-driven approach is highly sought after in today's competitive market, making your skills invaluable to potential clients.
In starting a marketing consulting business, you could apply your strong analytical skills to assess client needs and develop evidence-based marketing plans. The ability to communicate complex findings effectively and offer clear, strategic recommendations will be crucial in guiding clients towards achieving their marketing goals. This entrepreneurial venture not only supplements your income but also allows you to expand your professional horizons, turning statistical insights into measurable marketing success.
How much you can make: $100 — $1,250,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 30 days (?)
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.
13. Start a marketing software business ($180K/month)
Starting a marketing software business could make sense for you as a Statistician, leveraging your expertise in data analysis and interpretation to create advanced, data-driven marketing tools. Your background would allow you to build platforms that accurately track and predict marketing trends, enhancing the ability of companies to optimize their campaigns based on solid statistical evidence.
You could develop tools ranging from email marketing systems to complex social media analytics, catering to brands aiming to streamline and automate their marketing strategies. As businesses continuously seek efficient marketing solutions to stay competitive, there's a growing demand for the kind of precision and insight that statistical knowledge can provide.
By addressing these needs, you have the potential to create substantial value and secure recurring revenue through subscription fees. While the journey involves overcoming challenges like software development and customer support, your skills in problem-solving and trend analysis could position you for success in this dynamic industry.
How much you can make: $350 — $1,250,000/month
How much does it cost to start: $2,550 (?)
How long does it take to build: 30 days (?)
Marketing agency TribalVision grew from a one-man shop to one of the top marketing agencies in Rhode Island and the Boston market, serving over 80 clients and employing 75 full-time marketing specialists, by aligning with clients' needs and focusing on lead generation with online marketing tactics.
14. Start a content writing company ($46.4K/month)
As a statistician, you could leverage your analytical skills and deep understanding of data to create a niche content writing company that specializes in data-driven content. By focusing on topics like data analysis, probability theory, or statistical software tutorials, you could provide valuable and expert content to businesses and educational institutions looking to educate their audience. Your expertise in statistics will enable you to create content that is both accurate and insightful, differentiating your services from general content writing agencies.
Additionally, starting a content writing company allows you to be your own boss and choose a flexible working schedule that suits your lifestyle. This flexibility makes it possible to manage your existing workload while building a supplementary income stream. With the rising demand for high-quality, informative content online, your specialized knowledge could quickly establish your company as a go-to resource in a competitive market.
How much you can make: $1,000 — $550,000/month
How much does it cost to start: $600 (?)
How long does it take to build: 30 days (?)
Scribly.io, a subscription-based copywriting service providing high quality content that helps businesses scale at roughly 50% of the cost of hiring in-house, created by Dani, a first-time entrepreneur who started with just a few hundred dollars worth of projects and with the help of three other writers; as of last month, Scribly.io topped $14K monthly revenue.
15. Start a content marketing business ($91.3K/month)
As a Statistician, you could start a content marketing business to leverage your analytical skills to develop data-driven content strategies for clients. Your expertise in interpreting data will allow you to create compelling narratives and insights that resonate with target audiences, helping businesses achieve a 67% increase in leads as reported.
Additionally, your skillset can be invaluable in optimizing SEO and social media strategies. By analyzing user behavior and market trends, you could guide content creators to produce relevant and valuable content, ultimately driving higher engagement and conversions. This business venture not only supplements your income but also allows you to use your statistical expertise in a new and impactful way.
How much you can make: $100 — $650,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 90 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
16. Start a shawarma business
As a Statistician with an entrepreneurial mindset, starting a shawarma business could be an exciting side venture to supplement your income. Shawarma's widespread popularity across different age groups and cultures ensures a high demand, making it a potentially lucrative business. Leveraging your analytical skills, you could efficiently manage inventory, optimize pricing strategies, and identify peak sales times to maximize profits.
You could also apply your statistical expertise to analyze market trends and customer preferences, ensuring your shawarma offerings align with consumer demands. By strategically positioning your shawarma stand in high-traffic areas, you could capitalize on the popular appeal of this delicious street food, turning a small investment into a rewarding income stream.
17. Start a leadership coaching business ($48.5K/month)
As a Statistician, you could leverage your analytical prowess and deep understanding of data to offer unique insights in the realm of leadership coaching. By identifying key performance indicators and quantifying progress, you can provide data-driven strategies that enhance leadership skills and emotional intelligence among executives and managers. This analytical approach could set you apart, attracting clients who value evidence-based methods.
Additionally, your experience in data interpretation can help in tracking the effectiveness of your coaching programs, ensuring continuous improvement and customized solutions for each client. Starting a leadership coaching business would allow you to make a meaningful impact on organizational success while supplementing your income or even transitioning to a full-time entrepreneurial venture. With strong communication skills and a passion for motivating others, this could be a rewarding way to utilize your statistical background in a new and impactful domain.
How much you can make: $1,000 — $291,000/month
How much does it cost to start: $1,200 (?)
How long does it take to build: 25 days (?)
A 22-year-old entrepreneur from Vienna built a $10k/month personal growth business by executing ideas quickly and targeting needs, as well as delivering quality services and personal connections to his customers.
18. Become a business coach ($55K/month)
As a Statistician, you could leverage your analytical skills to become a valuable business coach, helping entrepreneurs derive actionable insights from their data. Your expertise could guide small-business owners in understanding market trends, customer behavior, and operational efficiencies, ultimately leading to better decision-making and growth.
In this role, you could offer specialized coaching in fields such as marketing analytics, e-commerce performance metrics, and stress management through data-driven approaches. By identifying new opportunities and optimizing existing ones, you could empower entrepreneurs to navigate challenges more effectively and succeed in their ventures.
Starting a business coaching side hustle could supplement your income while allowing you to make a significant impact on aspiring business owners. With your unique skill set, you could become an essential resource for small-business growth and innovation.
How much you can make: $3,500 — $400,000/month
How much does it cost to start: $2,749 (?)
How long does it take to build: 60 days (?)
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.
19. Start a customer intelligence analytics business ($107K/month)
Starting a customer intelligence analytics business could make perfect sense for you as a Statistician. Given your expertise in analyzing data and uncovering insights, you could leverage these skills to help businesses understand their customers better and improve their decision-making processes. Your ability to interpret complex data patterns and translate them into actionable strategies will be highly valued, putting you in high demand.
By providing businesses with insights into customer behavior, preferences, and trends, you could assist them in optimizing their marketing and sales strategies. This service is particularly crucial in a highly competitive market, where understanding customer needs can significantly enhance a company's success. Moreover, with the growing emphasis on data-driven decisions and the increasing popularity of customer intelligence analytics, your venture could cater to a wide range of clients—from small businesses aiming to refine their approach to large organizations seeking to boost customer retention rates.
Partnering with established platforms like Verint, a global leader that generated $1.3B in revenue in 2022, can further enhance your offerings and credibility. This strategic move can help you provide robust and scalable analytic solutions, making your business a go-to resource for companies looking to turn customer interactions into valuable insights.
How much you can make: $100 — $840,000/month
How long does it take to build: 180 days (?)
EspoCRM, an open-source CRM application for small and mid-size businesses, has seen an average of over 16,000 downloads per year and makes up to $30k per month, offering efficient tools to systematize customer data, improve sales cycles, and automate routine administrative tasks.
20. Start an educational technology product ($48K/month)
Starting an educational technology product could be a lucrative and fulfilling venture for a Statistician. As someone familiar with data analysis and interpretation, you could develop tools that leverage analytics to provide personalized learning experiences, making education more engaging and efficient. Imagine creating an app that uses statistical models to adapt to each student's progress, providing customized lessons and feedback.
Additionally, your expertise in statistics could help in developing a platform that assists educators with data-driven decision-making, such as optimizing lesson plans or monitoring student performance. By identifying gaps in the educational system and applying your statistical expertise, you could create products that solve real problems for both students and teachers. The potential to collaborate with schools and educational institutions also opens doors for substantial market reach and impact.
How much you can make: $50 — $120,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 67 days (?)
UpBrainery Technologies, founded by Ghazal Qureshi, revolutionizes STEAM education by providing hands-on learning experiences in the form of education kits, virtual tutoring, and online curriculum, while also offering their services to organizations such as the Girl Scouts, Girls Inc., and the Houston Rockets.
21. Start an online furniture business ($204K/month)
As a Statistician, you could leverage your analytical skills to identify trends and consumer preferences in the online furniture market, thus optimizing your product offerings and marketing strategies. Your expertise in data can help you make informed decisions about inventory management, pricing strategies, and customer segmentation, ultimately enhancing your competitive edge.
By focusing on niche markets, such as eco-friendly or customized furniture, you could attract a dedicated customer base and differentiate your brand in a crowded marketplace. Additionally, your ability to analyze sales data and customer feedback can drive continuous improvement in your product range and service quality, ensuring long-term success and profitability.
Starting an online furniture business could provide a creative outlet and a lucrative side income, transforming your statistical expertise into entrepreneurial innovation.
How much you can make: $15,000 — $500,000/month
How long does it take to build: 120 days (?)
Branch Office Furniture offers a new approach to the office furniture industry, selling high-quality furniture directly to businesses with space design, delivery, and installation included at one-third to one-half of the price of comparable quality products, resulting in over $1M in sales since launching in Q1 of 2019.
22. Start an amazon FBA business ($97.8K/month)
As a statistician, you could leverage your analytical skills to identify profitable niches on Amazon and manage inventory using data-driven insights. By starting an Amazon FBA (Fulfillment by Amazon) business, you could supplement your income with minimal investment or effort, thanks to Amazon's robust infrastructure and over 2.3 billion monthly visitors.
Your ability to dissect large datasets would enable you to forecast trends, understand customer behavior, and spot opportunities where competition is low. This strategic advantage could help you optimize pricing, improve product listings, and ultimately increase sales, providing a lucrative side business or even a primary income stream.
How much you can make: $2,300 — $500,000/month
How much does it cost to start: $5,500 (?)
How long does it take to build: 90 days (?)
Jeff started Stoic Muse, a creative side project selling 100-150 t-shirts per month ($3K revenue) on Etsy, without any upfront costs for prototyping or manufacturing, by learning graphic design and using Print on Demand to fulfill the merch.
23. Start an instagram fan account
As a statistician with an entrepreneurial mindset, you could start an Instagram fan account to supplement your income. By focusing on a celebrity, public figure, or brand that interests you, you could leverage your analytical skills to create engaging and data-driven content that stands out. Your expertise in data analysis can help you understand audience preferences, track follower growth, and optimize your content for maximum engagement.
In addition, you could capture trends and insights related to your subject of interest, providing a unique value proposition for your followers. Over time, your fan account could attract promotions and advertising opportunities from brands looking to reach your engaged audience, turning your passion project into a profitable side business. This venture not only utilizes your statistical skills but also allows you to explore creative content creation and social media marketing.
How much you can make: $500/month
A 15-year-old boy created an Instagram fan page for NFL player Ezekial Elliott which garnered 50,000 engaged followers and nearly 20,000 additional followers in the last two months alone, with currently no expenses aside from ads, and hopes to start selling his own products.
24. Start an ecommerce store ($287K/month)
As a Statistician, starting an eCommerce store could be a highly rewarding side business or even a full-time endeavor. With your analytical skills, you could easily identify and target niche markets by leveraging data to understand consumer behavior and optimize product offerings. The ability to analyze web traffic data and conversion rates would give you an edge in fine-tuning your marketing strategies and improving sales.
Given the skyrocketing growth of eCommerce due to its convenience and broad reach, this provides an excellent opportunity to create a profitable online business with relatively low overhead costs. You could sell products or services closely aligned with your expertise, such as statistical software, data analysis tools, or even educational resources in statistics.
Moreover, your proficiency in handling data would be invaluable in managing inventory and optimizing the supply chain, ensuring that you maintain an efficient and customer-friendly operation. By employing your skills in data visualization and predictive analytics, you could foresee trends and better cater to consumer demands, thus maximizing your store's potential for success.
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
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.
25. Start an animation business ($26.8K/month)
As a statistician, delving into the animation business could offer intriguing possibilities for augmenting your income or initiating a new entrepreneurial venture. With the rise of animated posts and ads, you could leverage your analytical skills to identify market trends and customer preferences, thereby creating impactful and targeted visual content. Your ability to interpret data could help optimize the effectiveness of animated ads and illustrations for brands looking to enhance their social media presence.
Moreover, by hiring a team of specialists—illustrators, animators, and scriptwriters—you could transform data-driven concepts into compelling animated narratives. This fusion of statistics and animation could make your offerings uniquely valuable, allowing you to cater to various sectors such as advertising, gaming, and film. This multidisciplinary approach not only provides a creative outlet but also introduces a lucrative avenue to monetize your statistical expertise in a novel way.
How much you can make: $500 — $85,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 577 days (?)
An animation company owner generates between $75,000 and $100,000 annually from producing custom explainer animations for start-ups and marketing companies for between $5,500 and $7,500; logo animations for companies that market using videos at $200 to $500; and Instagram Stories stickers beginning at $350.
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.
