33 Low Investment Business Ideas To Start In Massachusetts
Interested in starting a business in Massachusetts in 2024?
We put together 96 of the best businesses you can start in Massachusetts today.
For each business idea, we’ll show you real-world examples of how you can start your profitable, home-based small business in Massachusetts.
Here's the full list:
1. Start a ceramics manufacturer ($24M/year)
If you have a knack for artistry and enjoy working with your hands, you could consider starting a ceramics manufacturing business. This type of business is often low investment and allows for creativity in producing custom ceramic products. Ceramics have a wide range of applications, from art and décor to specialized industrial components.
A great example of this in Massachusetts is International Ceramic Engineering, founded by Bud Higgins in Worcester. Their business has thrived by specializing in custom technical ceramics and leveraging SEO strategies and custom technical sales. You can learn more about their journey and success in this case study.
Discover how a small family-run business, International Ceramic Engineering, leveraged targeted SEO strategies and custom technical sales to expand to two U.S. manufacturing facilities and serve a global clientele, achieving 20% growth without sacrificing margins.
2. Start a japanese restaurant ($21.6M/year)
Starting a Japanese restaurant in Massachusetts could be a lucrative business opportunity, especially if you focus on delivering exceptional customer service and high-quality cuisine. An inspiring example is JP Fuji Group, started by Jimmy Liang in Quincy, Massachusetts. This restaurant group has grown from a single sushi restaurant to a $20 million annual revenue enterprise with nine locations.
Liang discovered his passion for the culinary arts at a young age and leveraged his skills and dedicated customer following to launch and expand his business. If you're in Massachusetts and dream of starting a Japanese restaurant, take a page from Jimmy Liang's book and focus on creating superfans through amazing food and service. For more insights on JP Fuji Group's success, check out this detailed case study.
This case study is about the founder of a 9-location sushi restaurant group, generating annual sales of $20 million, who started his business by focusing on building superfans through superior customer service and expertly prepared cuisine.
3. Start a laptop accessories brand ($12M/year)
Starting a laptop accessories brand could be a lucrative opportunity in Massachusetts, especially in a tech-savvy area like Boston. You could focus on developing innovative accessories that cater to the needs of professionals and students who rely heavily on their laptops for work and study.
A great example is Mobile Pixels, a company started in Boston by Jack Yao, a graduate student at MIT. The company developed a portable monitor for laptops, raising $1.5 million in pre-sales through crowdfunding and generating $4.3 million in revenue in 2019, with projections to reach $12 million the following year. Their success underscores the potential for laptop accessories in a robust academic and tech environment like Massachusetts. For further inspiration, you can read more about their story here.
Mobile Pixels Inc developed a portable monitor for laptops, the Duex, which raised $1.5m in pre-sales on Kickstarter/IndieGoGo and generated $4.3m in 2019 and is on track to bring in $12m in 2020, by pivoting to adjacent verticals based on the market and attracting attention through word-of-mouth branding.
4. Start a personalized gift business ($10M/year)
If you're considering a low-investment business idea in Massachusetts, you could start a personalized gift business. Personalized gifts have a high emotional value and can cater to a wide range of occasions such as birthdays, anniversaries, or corporate events. An excellent example of such a business is GiftBasketsOverseas.com, started by Dmitriy Peregudov in Arlington, Massachusetts. This company specializes in global gift delivery, offering a variety of customizable gift baskets for both personal and corporate clients. Their service has connected more than two million people worldwide and generates substantial profits.
You could design your business to cater to local and international clientele, customizing gifts to meet specific needs and preferences. For more inspiration, check out the detailed case study on GiftBasketsOverseas.com. This successful Massachusetts-based venture demonstrates the potential rewards of tapping into the personalized gift market.
GiftBasketsOverseas.com is a global gift delivery company that generates $100k in profits per month and connects more than two million people worldwide for personal and corporate purposes through their platform.
5. Start a quilt business ($9.6M/year)
If you are considering starting a quilt business, Massachusetts presents a promising opportunity. With a rich history in textiles and a market that appreciates bespoke products, you could tap into a niche that bridges emotional connection and practicality. Creating custom quilts from memorable t-shirts or fabrics can offer a unique product that resonates deeply with customers, making personalized quilts both a sentimental and profitable business venture.
A compelling example from Boston, Massachusetts is Project Repat, founded by Ross Lohr. This innovative company transforms customers' memorable t-shirts into custom quilts, producing about 2,000 quilts weekly and generating $10MM in annual sales. Their success demonstrates how you can fine-tune production processes to make textile jobs more affordable and eco-friendly. For more on their journey, you can read their case study.
Project Repat turned their customers' memorable t-shirts into 2,000 custom quilts per week backed with cozy fleece, generating $10MM in sales per year from fine-tuning the production process making textile jobs more affordable and eco-friendly in the United States, with grown revenue of 70% over last year.
6. Start a marketing agency ($8.4M/year)
Starting a marketing agency in Massachusetts could be a lucrative venture, especially given the state's thriving business environment. A marketing agency can help companies grow by crafting tailored marketing strategies and executing them through various digital marketing tactics, such as SEO, Google Ads, social media marketing, and email campaigns. This type of business can also be started with relatively low investment, as it primarily requires your expertise, a computer, and internet access to begin.
A great example of success in this field is TribalVision, founded by Chris Ciunci in Boston, Massachusetts. This outsourced marketing department for hire has grown from a one-man operation to a leading agency in the Boston market, employing 75 full-time marketing specialists and serving over 80 clients. Their focus on lead generation and alignment with clients' needs has fueled their rapid growth and multiple recognitions, including being listed as an Inc. 5000 Fastest Growing Company. To learn more, you can read the full case study.
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.
7. Start a cleaning products business ($7.2M/year)
Starting a cleaning products business in Massachusetts presents an exciting opportunity, especially with the increasing demand for eco-friendly and innovative solutions. David Zamarin's DetraPel, based in Framingham, is a prime example of a successful venture in this sector. DetraPel manufactures and distributes eco-friendly, cancer-free liquid repellent sprays designed to protect fabric and leather belongings using innovative nanotechnology.
DetraPel has made notable strides, generating over $512,000 in sales last year and even securing a partnership with Shark Tank. This example highlights the potential for creating a sustainable and profitable business while addressing consumers' growing environmental concerns. For inspiration, you can explore more about DetraPel's journey here.
DetraPel is a company that manufactures and distributes eco-friendly liquid repellent sprays designed to protect fabric and leather belongings, which has made over $512,000 in sales last year and has successfully partnered with Shark Tank.
8. Start a digital marketing business ($7.2M/year)
Starting a digital marketing business in Massachusetts could be a lucrative opportunity given the growing demand for online marketing services. The digital economy is thriving, and businesses increasingly need help with SEO, social media, and other digital marketing techniques to stay competitive. You could focus on helping local businesses improve their online presence and customer engagement without significant upfront investment.
A great example of a successful digital marketing business in Massachusetts is GreenBanana SEO, which was co-founded by Kevin Roy in Beverly, Massachusetts. Starting with just two employees working on a beer pong table, GreenBanana has grown to a team of 16, generating $6 million in annual revenue by specializing in pay-for-performance SEO. This means clients only pay when their keywords rank on the first page of Google, offering clear and transparent value. You can learn more about GreenBanana's journey and tips on how to start a digital marketing agency by reading their case study.
GreenBanana SEO co-founder Kevin Roy explains how his digital marketing company grew from just two employees working on a beer pong table to 16 employees generating around $6 million in annual revenue by focusing on pay-for-performance SEO and being transparent with reporting.
9. Start a fertility business ($1.8M/year)
Starting a fertility business presents a unique and impactful opportunity to address an often-overlooked segment of health and wellness. You could dive into the fertility industry with innovative solutions, whether through testing, storage, or counseling services, reflecting an essential commitment to men's health and family planning.
A prime example of such entrepreneurial success is Legacy, founded by Khaled Kteily in Boston, Massachusetts in 2018. Legacy revolutionized the male fertility landscape by offering an easy-to-use mail-in kit for at-home sperm testing and cryogenic storage, making fertility care more accessible and destigmatized. You can explore the case study of Legacy here to gain deeper insights into how this business rapidly grew to report an average of $150,000 in monthly revenue.
Legacy, a male fertility company founded by Khaled Kteily in 2018, offers a mail-in kit for at-home sperm testing and cryogenic storage of sperm, with its base product at $195 and a $3,995 "For Forever" package, and has reported an average of $150,000 in monthly revenue.
10. Start a diy business ($1.62M/year)
Starting a DIY business in Massachusetts offers substantial potential, especially if you create products that address everyday efficiency issues in homes. A great example of this is Battic Door, a company started by Mark Tyrol in Foxborough, Massachusetts. Battic Door began in 2003 with a single product: an insulating cover for pull-down attic ladders to reduce energy loss.
Mark's venture grew from a simple DIY project into a million-dollar business by capitalizing on direct sales, online platforms like eBay and Amazon, and word-of-mouth marketing. This success story highlights how you could launch a similar low-investment enterprise in Massachusetts by addressing practical needs in home improvement and energy conservation. To learn more about Mark Tyrol's journey and strategies, check out the full case study on Battic Door.
An ecommerce business, founded with one product in 2003, offering energy conservation products such as insulating covers for pull-down attic ladders that reduce heat and energy loss by sealing the attic, grew into a million-dollar business through a mix of low-cost website design, direct sales, online channels including Ebay and Amazon, word-of-mouth referrals and targeted influencer campaigns aimed at building code officials and architects.
11. Start a maze engineering business ($1.2M/year)
Starting a maze engineering business presents a unique and innovative opportunity to cater to the needs of researchers, universities, and biotech companies. By designing custom mazes that support neurological experiments and therapeutic research, you could provide critical tools for advancing scientific understanding. This idea has been successfully realized by Shuhan He through MazeEngineers, a startup based in Cambridge, Massachusetts. They create innovative mazes with integrated cloud computing and automated data tracking technologies to aid in behavioral research.
MazeEngineers is a prime example of turning a specialized niche into a valuable business, having garnered clients from prestigious biotech firms and leading universities. The company's success highlights the potential for new entrepreneurs to contribute significantly to the research community while building a profitable venture. For more details on their inspiring journey, you can read the full case study here.
Maze Engineers, a Boston-based startup, designs and creates custom mazes for research purposes, providing support for neurological experiments and therapies for patients, with clients ranging from biotech and pharmaceutical companies to public and private universities.
12. Start a technology consulting business ($1.2M/year)
Starting a technology consulting business in Massachusetts could be a great move given the state's robust tech ecosystem and access to top-tier talent. You could provide a range of services from IT consulting to software development, catering to the diverse needs of businesses looking to harness the power of technology for growth. The dynamic nature of the industry means you will consistently find new opportunities for innovation and business development.
A prime example of success in this space is DeepBench Inc., a technology consulting firm founded by Nikhil Punwaney in Boston, MA. DeepBench connects clients with expert advisors to facilitate informed decision-making. Leveraging technology, they have built a network of over 25,000 advisors serving 450 clients. Their innovative approach has led them to achieve significant milestones, including their best quarter yet in Q1 2021. For more details, you can read their case study.
DeepBench, a company disrupting the expert network industry, offers a platform connecting clients with expert advisors for informed decision making, serving over 450 clients and 25,000 advisors and achieving their best quarter yet in Q1 2021.
13. Start a fashion accessories brand ($600K/year)
Starting a fashion accessories brand in Massachusetts presents a promising opportunity for creative entrepreneurs seeking to tap into a market with a keen interest in stylish and functional products. You could develop unique accessories that cater to the diverse tastes of consumers in the state, from urban professionals in Boston to trendy collegiates in Cambridge. The flexibility and relatively low cost of starting an accessories brand makes it an accessible venture for those looking to launch their own business with minimal upfront investment.
A great example of this is Cuff Style, founded by Eric Morton and his team in Wilmington, Massachusetts. They created Cuff Adapters, innovative silicone tabs that allow cufflinks to be worn with standard button-down shirts, solving a common issue faced by fashion-conscious individuals. With over 2,000 packs sold and a solid 4.6/5 star rating on Amazon, Cuff Style is expanding into big-box retail and B2B sales, showcasing the potential for success in the fashion accessories market. You can read more about their journey here.
CuffStyle created Cuff Adapters, silicone tabs that fit over shirt cuff buttons allowing cufflinks to be worn with standard button-down shirts, and has sold over 2,000 packs and received 100+ reviews with a 4.6/5 star rating on Amazon, with plans to move into big-box retail and B2B sales.
14. Start a storage locker business ($408K/year)
Starting a storage locker business in Massachusetts presents a unique and profitable opportunity, especially with the increasing demand for secure storage solutions at events. Case in point, Molly O’Connor launched The Mobile Locker Co in Weymouth, Massachusetts, as the first mobile locker service in the US. This business idea involves providing onsite storage for attendees at various events, such as concerts, golf tournaments, and marathons, through a fleet of locker-equipped vehicles.
Since its inception in Weymouth, The Mobile Locker Co has expanded from two to five vehicles across multiple regions, doubling its revenue year over year, driven by an effective e-commerce strategy for locker rentals. If you're an entrepreneurial individual looking to address a clear market need with relatively low investment, you could leverage this business model's proven success in Massachusetts. For more details about this innovative business, check out the case study here.
The Mobile Locker Co is an onsite storage solution for events, which has grown from two to five vehicles in five regions, and experienced year over year revenue doubling for the past two fiscal years while utilizing an e-commerce strategy for selling locker rental sales.
15. Become a graphic designer ($360K/year)
If you have a knack for design and are looking for a low-investment business opportunity in Massachusetts, you could consider becoming a graphic designer. One inspiring example is FilterGrade, a Boston-based eCommerce platform offering digital assets such as photo filters and video templates. Founded by Michael Moloney, FilterGrade attracts over 450,000 monthly users and generates approximately $30,000 a month, showcasing how a passion for digital design can turn into a thriving business.
Boston, with its robust tech and creative sectors, provides fertile ground for talented graphic designers to build successful enterprises. If you're interested in how this could be achieved, you could learn more from FilterGrade's case study here. The story behind FilterGrade underlines the possibilities awaiting entrepreneurial-minded individuals in Massachusetts, offering a pathway to combine creativity with business acumen.
FilterGrade is an eCommerce platform offering digital assets such as photo filters and video templates; attracting over 450,000 monthly users and generating approximately 30k a month, the founders worked hard to build a valuable marketplace for creators while focusing on digital marketing, partnerships, and content creation.
16. Start a tradeshow booth business ($360K/year)
Starting a tradeshow booth business could be a lucrative opportunity in Massachusetts, especially given the state's vibrant business events scene. A prime example is Display Pros, founded by Ryan Schortmann in Plymouth, MA. Display Pros creates custom trade show display booths, offering portable display kits that are easy to transport and set up. The company's innovative solutions have enabled them to achieve over $30k in monthly revenue.
If you're entrepreneurial-minded and looking for a low investment business idea, a tradeshow booth business could be ideal. Schortmann's success with Display Pros showcases the potential for growth and profitability in this niche. For more detailed insights into how Display Pros achieved its success, check out the full case study.
Founder Ryan Schortmann started a custom trade show display company offering easy-to-use, portable display kits for small and medium-sized businesses that have since hit over $30k in monthly revenue, reinvesting in marketing efforts to increase online sales.
17. ($360K/year)
If you're looking to dive into a low-investment business idea in Massachusetts, consider starting a video editing agency. The rise of digital content creation has fueled a demand for professional video editing services. You could tap into this growing market and provide valuable services to influencers, businesses, and content creators who often seek expert help to enhance their video content.
A prime example of such a successful venture is Vimerse, a video editing agency started by Hyunjae Lee in Boston, MA. Despite having no background in video editing, Hyunjae transitioned from a career in finance to build a thriving business that now generates $30,000 in monthly sales. His story demonstrates that you don't need to begin with expertise in the field; passion and the right strategy can lead you to success. To learn more about Vimerse’s journey, check out the case study.
Discover how a former Morgan Stanley analyst transitioned to founding a profitable video editing agency, now boasting $30,000 in monthly sales and 50% year-over-year growth, by overcoming initial mistakes and leveraging a unique editor recruiting platform.
18. Start a niche web design business ($300K/year)
If you're looking to start a business with low investment in Massachusetts, you could consider launching a niche web design business. This type of venture focuses on tailored, high-quality web design and SEO services for small to mid-sized businesses, helping them establish and grow their online presence. A successful example of this business model in Massachusetts is Up And Social, founded by Scott Bishop in Boston. Specializing in personalized web design and local search engine optimization, Up And Social generates over $20,000 in monthly revenue by offering affordable, selective services to small businesses.
Scott Bishop leveraged his passion for marketing and technology to build Up And Social from the ground up, investing $10,000 to get started, which has paid off significantly. His story showcases how you could serve the niche market of small businesses by providing essential digital services. To learn more about Scott Bishop's journey with Up And Social, you can read the detailed case study here.
How a founder turned his passion for marketing and technology into a successful Boston-based web design and SEO company, generating over $20k in sales each month by focusing on serving the niche market of small businesses through affordable and personalized services, while establishing his reputation through B2B networking and online initiatives.
19. Start a therapy business ($240K/year)
If you are interested in starting a therapy business in Massachusetts, you could follow the example of Coping Skills for Kids, created by Janine Halloran. This business provides mental health resources to help children manage stress, anxiety, and anger. By leveraging her expertise as a licensed mental health counselor, Janine was able to create products such as the Coping Skills for Kids Workbook and Coping Cue Cards, which now generate around $10,000 per month in revenue.
Coping Skills for Kids is an inspiring example of how you could turn your professional skills into a profitable online business. Not only does it fill an essential need for children's mental health resources, but it also demonstrates the potential for a therapeutic business to grow significantly. To read more about Janine's journey and her business, you can visit the full case study here.
A licensed mental health counselor increased her income by creating Coping Skills for Kids, which now has a gross revenue of approximately $10,000 per month, from selling products such as the Coping Skills for Kids Workbook and the Coping Cue Cards that help children manage stress, anxiety, and anger.
20. Start a preppy clothing brand ($240K/year)
If you have a passion for preppy fashion, starting a preppy clothing brand in Massachusetts could be a fantastic entrepreneurial venture. You could tap into the state's rich tradition and affinity for classic, sophisticated styles. Consider the inspiring example of Erin Hornyak from Longmeadow, Massachusetts, who founded navyBLEU, an online boutique dedicated to everything navy.
Erin’s dedication to curating a brand that represents her preppy style has quickly gained traction, boasting approximately 250 orders from 210 customers. Her success underscores the potential of creating a niche brand that resonates with specific fashion enthusiasts. Check out Erin's full journey and the details of how she built navyBLEU in her case study. This example proves that with passion and determination, you could also carve out a niche in the highly competitive fashion industry.
Navy-obsessed Erin Hornyak founded navyBLEU, an online boutique dedicated to the color, which has seen approximately 250 orders from 210 customers to date and attracted the attention of influencers and a boutique PR firm to spread the word.
21. Build an ai tool ($3.57M/year)
Starting an AI tool business in Massachusetts could be a lucrative venture given the state's strong tech ecosystem and numerous academic institutions. Home to prestigious universities like MIT and Harvard, you could tap into a wealth of talent and cutting-edge research to develop innovative AI solutions.
Moreover, Massachusetts has a thriving healthcare and finance sector where AI tools like chatbots, virtual assistants, and machine learning platforms are highly sought after for automation and efficiency improvements. Tap here for more details on AI tools, or check out these success stories for inspiration.
SkillSoniq, the world's first AI-powered recruiting app, connects companies with skilled freelancers on a trial basis, saving companies 60%+ in hiring costs and earning $350,000+ in gross revenues in its first year, with a current average of $40,000 a month, and plans to raise a second round of seed funding to achieve escape velocity and continue to form a world-class company.
22. Start an ai-based business ($335K/year)
Massachusetts is a fertile ground for launching an AI-based business due to its robust tech ecosystem and proximity to prestigious institutions like MIT and Harvard. By leveraging the state's extensive network of research hubs and innovation centers, you could develop cutting-edge AI solutions tailored to local industries such as healthcare, education, and financial services.
Additionally, with a strong entrepreneurial community and numerous funding opportunities, you'll find ample resources and support to nurture your AI venture. Dive in, and you could be at the forefront of the next major technological advancement in Massachusetts. Check out more details about starting your own AI-based business here, and read successful case studies for inspiration.
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.
23. Start a no code platform ($3.69M/year)
Starting a business centered around a no-code platform in Massachusetts could be a lucrative venture due to the state's dynamic tech ecosystem and innovative spirit. The ability to create applications without coding skills democratizes tech development, making it easier for local entrepreneurs and small business owners to bring their ideas to life quickly and cost-effectively.
Massachusetts, known for its emphasis on education and technological advancement, provides a fertile ground for adopting such game-changing tools. You could leverage the state's robust network of tech-savvy professionals and educational institutions to market your platform and attract a diverse clientele. For inspiration and actionable insights, you can check out successful case studies of no-code platforms that have already made an impact.
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.
24. Start an email marketing tool ($2.82M/year)
Starting an email marketing tool business in Massachusetts could offer tremendous opportunities for entrepreneurial-minded folks. With the state's thriving tech ecosystem and numerous universities, you have access to a rich talent pool and innovative environment, making it an ideal place to develop and launch tech-driven solutions. Massachusetts is also home to many small and medium-sized businesses that could become your initial customer base, benefiting from efficient email marketing strategies.
Moreover, the increasing importance of digital marketing means there's a growing demand for effective tools to manage email campaigns. As the global email marketing tool market is projected to reach $2.53B by 2028, you could tap into this expanding market right from Massachusetts. For inspiration and insights, check out some successful case studies on Starter Story to see how others have built thriving email marketing tool businesses.
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.
25. Start a veterinary pharmacy
Starting a veterinary pharmacy in Massachusetts is a promising venture given the rising number of pet owners in the state. With more households adopting pets, the need for specialized medications and healthcare products tailored specifically for animals is growing rapidly. This creates a niche market where you could cater to the increasing demand for quality veterinary supplies and medications.
Additionally, the well-being of pets is a top priority for families, making this service essential and highly valued. By offering a range of prescription and over-the-counter medications, as well as other veterinary supplies, you could meet a vital need for pet owners and veterinarians alike. To get inspired, check out these successful case studies of veterinary pharmacy businesses.
Discover how Dr. Ellie Scott grew Stringtown Animal Hospital from a staff of four to a team of 23, with five veterinarians, and now has $200K in monthly revenue, by focusing on individual pet risks and the needs of the pet family.
26. Start an instagram tools ($328K/year)
If you're in Massachusetts, developing Instagram tools could be a smart business idea given the state's vibrant tech scene and high concentration of digital marketing firms. Leveraging the local talent pool, you could create applications, plugins, or software designed to optimize Instagram use for businesses and influencers.
With the continuous rise of social media marketing, especially in a state known for its innovation hubs like Boston, there's a vast market for tools that simplify and elevate Instagram efforts. By providing solutions that help with scheduling, engagement analytics, and automation, you tap into a sector that’s ripe for growth. For more details, check out our in-depth guide or explore successful case studies of entrepreneurs who have excelled in this space.
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.
27. Start an ecommerce plugin ($281K/year)
Starting an ecommerce plugin business in Massachusetts could be a lucrative opportunity given the state's thriving tech sector and its proximity to renowned educational institutions such as MIT and Harvard. These institutions are hotbeds for talent who possess strong coding skills and knowledge of ecommerce platforms, providing a rich pool of potential collaborators or employees.
Moreover, the demand for ecommerce solutions is on the rise as more businesses pivot to online sales. By developing a unique ecommerce plugin, you could help local businesses in Massachusetts and beyond streamline their online operations, improve user experiences, and ultimately boost their sales. To learn more about this business idea, you can check out a detailed overview here or explore some successful case studies for inspiration.
SuperLemon, a WhatsApp plugin for Shopify eCommerce stores, crossed $29,000 in MRR as of July 2020, with 20,000 users from 50+ countries and 1700+ paying customers, all acquired through organic marketing strategies and a relentless focus on customer service and satisfaction.
28. Start an investment consulting business ($3.16M/year)
Starting an investment consulting business in Massachusetts could be a promising venture for entrepreneurial minds. Massachusetts is home to a diverse and affluent population, many of whom are seeking expert financial advice to manage and grow their wealth. By leveraging your financial expertise and ability to offer tailored investment strategies, you could meet this growing demand and build strong client relationships.
Moreover, Massachusetts boasts a robust financial sector and prestigious educational institutions, providing access to top talent and continuous learning opportunities. With the right approach, you could carve out a niche in this competitive market and turn your financial acumen into a successful business. For inspiration and proven methods, check out these successful case studies of investment consulting businesses.
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.
29. Start a web development business ($1.09M/year)
Starting a web development business in Massachusetts could be a great opportunity, given the state's thriving tech sector and numerous universities. Massachusetts is home to major tech hubs like Boston and Cambridge, providing a strong client base from startups, established companies, and academic institutions. With a lucrative market at your fingertips, you could leverage local networking events and tech meetups to secure projects and build your reputation.
You could also capitalize on the demand for specialized web development services such as e-commerce platforms, educational portals, and healthcare websites. For inspiration and practical tips, check out these successful case studies from others who have started web development businesses. For more detailed information about starting your own web development business, visit Starter Story.
Vuetify is a popular open-source user interface library, built with the Vue.js framework, that generates revenue through digital content and services such as paid digital content in the Vuetify store, direct support through consulting, ad revenue from Carbon ads on the documentation pages, and donations/sponsorships via GitHub and Patreon, generating an average income of $6,500 per month.
30. Start a documents/attestation service business
Starting a documents/attestation service business in Massachusetts can be a lucrative opportunity due to the state's diverse populace and thriving academic and professional sectors. Massachusetts hosts numerous universities and biotech firms where international certifications and legal documentations are often required, creating a steady demand for attestation services.
You could assist clients in efficiently verifying their diplomas, certificates, and other essential documents, saving them the hassle of navigating the complex bureaucratic processes themselves. Check out more details on the business idea to see how this venture could be a rewarding endeavor. Additionally, explore successful case studies to gain insights from entrepreneurs who have successfully started this type of business.
DGLegacy is a global digital inheritance document and password manager service that has already gained 5,000 subscribers in one year and plans to reach 20,000 by the end of 2022, providing a solution for the multi-billion dollar global problem of abandoned assets and unclaimed assets.
31. Start a costume rental business
A costume rental business could flourish in Massachusetts due to the state's vibrant cultural scene and numerous universities. With events such as Halloween, themed parties, theater productions, and historical reenactments, your rental shop would cater to a diverse set of customers throughout the year.
Additionally, with over 20 successful costume rental businesses thriving in various regions, you would have a proven model to follow. For more details on starting this business, check out our comprehensive guide.
32. Create a mobile app ($844K/year)
Massachusetts is a hotspot for tech innovation and entrepreneurship, making it an ideal place to start a mobile app business. With its strong academic institutions like MIT and Harvard, you could tap into a wealth of talent and resources to bring your app idea to life. The state's supportive startup ecosystem also offers numerous networking opportunities, incubators, and funding options.
Additionally, Massachusetts has a diverse and tech-savvy population eager to adopt new technologies, giving your mobile app a robust initial user base. By addressing local needs or creating universally appealing features, your app could quickly gain traction. For more detailed insights and to see successful case studies, check out this link and explore success stories from entrepreneurs who have walked the same path.
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.
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.
