75 Electrical Engineering Business Ideas [2024]

Updated: September 6th, 2024

Interested in starting a business as an electrical engineers in 2024?

If managed well, building a business as an electrical engineers could be more lucrative than employment. So, which are the best business ideas for Electrical Engineers?

We put together of some of the best electrical engineers business ideas you can start in today.

For each business idea, we'll show you real-world examples of other electrical engineers businesses to help you see what it takes.

Here's the full list:

1. Start an AI-based business ($27.9K/month)

As an electrical engineer, starting an AI-based business could be a perfect synergy of your technical skills and entrepreneurial spirit. You could harness the power of artificial intelligence to create innovative solutions that solve real-world problems, such as developing AI-driven predictive maintenance tools to optimize electrical systems' performance. This could help clients reduce downtime and maintenance costs, making your services highly valuable and attractive.

Additionally, you could develop AI-enhanced energy management systems that optimize power consumption in industrial and residential settings. By focusing on areas where AI can drive efficiency and innovation, you could open up exciting new revenue streams or even transition into a full-time business owner role. The AI landscape is burgeoning, offering you the opportunity to be at the cutting edge of technological advancements.

How much you can make: $100 — $200,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 40 days (?)

How I Started A $10K/Month App Building Agency Using No/Low Code Tools

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.

Read by 20,999 founders

2. Start a mobile app development business ($141K/month)

As an electrical engineer, starting a mobile app development business could be a logical extension of your technical expertise and problem-solving skills. Mobile apps span various functionalities such as games, productivity tools, and social networking platforms—all of which require the kind of analytical and design capabilities that you possess. By leveraging your understanding of electronics and software, you could create niche apps that cater to specific technical needs or solve common industry challenges.

Additionally, the growing demand for business and consumer-focused mobile apps offers a lucrative opportunity to supplement your income or transition into a full-fledged entrepreneurial venture. Whether it's developing utility apps for field engineers or creating innovative consumer applications, your background provides a strong foundation to deliver high-quality software solutions. Don't forget the importance of marketing and sales skills to ensure your app reaches its intended audience effectively, turning your technical know-how into a successful business.

How much you can make: $6,000 — $700,000/month

How long does it take to build: 120 days (?)

How I Started A $6K/Month SEO And Digital Marketing Agency In Bangladesh

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.

Read by 12,517 founders

3. Start a micro saas ($83.3K/month)

As an electrical engineer, leveraging your technical expertise to create a micro-SaaS business could be an ingenious way to supplement your income or even launch a full-scale entrepreneurial venture. Given your deep understanding of electrical systems and industry-specific challenges, you could develop specialized software solutions tailored to niche markets within the engineering field. For example, you could create a tool that helps engineers optimize circuit designs or manage electrical projects more efficiently, addressing specific pain points that only someone with your background would truly understand.

Creating a micro-SaaS allows you to focus on providing highly customized solutions, fostering a closer relationship with your customer base. This targeted approach not only ensures precision but also enables you to continuously refine your product based on customer feedback, ensuring its long-term success. By identifying a unique problem and selecting a scalable platform, your micro-SaaS venture could grow alongside the evolving needs of the engineering community, making it a smart and effective choice for entrepreneurial-minded individuals in your field.

How much you can make: $117 — $1,766,666/month

How much does it cost to start: $500 (?)

How long does it take to build: 60 days (?)

How We Developed A $29K/Month WhatsApp Plugin For Shopify

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.

Read by 23,573 founders

4. Become a software developer ($51.7K/month)

As an electrical engineer, starting a software development business could be an excellent supplemental income opportunity or even a full-time venture. Given your strong technical skills and understanding of complex systems, transitioning these abilities to design, test, and oversee the creation of software is a natural fit. Whether it's developing software for businesses, personal use, or social networking, your background enables you to grasp the intricacies of how software and hardware interact.

In addition, with the average salary for software developers sitting at $110,140 and the best-paid earning up to $140,000, this field offers lucrative financial incentives. Recent trends toward mobile apps and cloud-based solutions present a rich landscape for innovative ideas and services. By leveraging your engineering expertise, you could capitalize on these trends, providing clients with cutting-edge programming solutions tailored to their needs.

How much you can make: $500 — $350,000/month

How long does it take to build: 100 days (?)

How We Started A $350K/Month Business Developing Software Tools For Ecommerce Brands

SkyVerge, a software company, has grown rapidly with revenue of $350,000 per month, over 100,000 eCommerce customers, and a globally distributed team of 30 people, all through starting with consulting projects and building focused and solutions-based products, acquiring small products from other developers, and focusing largely on content marketing and providing excellent customer support.

Read by 39,386 founders

5. Start a cloud management software ($129K/month)

As an electrical engineer, starting a cloud management software business could be a lucrative and intellectually stimulating venture. With digital transformation accelerating across various industries, the need for efficient cloud resource management has become a cornerstone of modern business operations. You could leverage your technical skills to develop software that helps companies manage everything from data storage to security compliance, meeting a critical demand as more organizations migrate to the cloud.

This venture would involve designing intuitive user interfaces and creating robust backend systems, allowing businesses to monitor and optimize their cloud infrastructure efficiently. You'd be stepping into a growth industry with high demand, catering to sectors ranging from healthcare to finance. If you’re entrepreneurial-minded, motivated by solving complex problems, and have a knack for software development, cloud management software could be the rewarding business idea you’re seeking.

How much you can make: $25,000 — $330,000/month

How long does it take to build: 180 days (?)

How We Partnered With Salesforce To Develop A $330K/Month Laboratory Information Management SaaS

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.

Read by 8,124 founders

6. Start an email app business ($64.6K/month)

As an electrical engineer, delving into an email app business could provide you with an exciting entrepreneurial opportunity. Leveraging your technical background, you could develop a cutting-edge application that streamlines email communication by incorporating intelligent filtering, prioritization, and AI-driven responses. This venture taps into a genuine need for more efficient email management in our digital era, offering a market with significant potential.

Your engineering skills could be instrumental in handling the complexities of software development and user interface design, ensuring that the app is both functional and user-friendly. By focusing on unique features that distinguish your app from competitors like Gmail and Outlook, you could attract a substantial user base. This approach not only supplements your income but also lays the foundation for a scalable and impactful business.

How much you can make: $21 — $400,000/month

How long does it take to build: 180 days (?)

We Built Our App From The Back Of A Bus And Grew It To 10,000 Users

Leave Me Alone, a web service that helps users easily unsubscribe from unwanted emails, launched in January 2019 and made $1,186 in revenue in its first month, with a successful Product Hunt launch and a focus on being an open startup contributing to its success.

Read by 13,351 founders

7. Start a bicycle company ($394K/month)

As an electrical engineer, starting a bicycle company could allow you to leverage your technical skills to innovate within a burgeoning market. With the rising popularity of biking due to increased health consciousness and environmental concerns, there is a significant opportunity to design high-quality, energy-efficient bicycles. You could specialize in electric bikes, incorporating cutting-edge battery technology and motor systems, which could differentiate your products from traditional bicycles.

Additionally, your background in electrical engineering could facilitate the integration of advanced features such as smart displays, GPS tracking, and connectivity systems, thereby creating a unique selling point. Given the market shift towards more sustainable transportation options, your expertise could position you at the forefront of this growing industry. By focusing on a niche market and utilizing your technical knowledge, you could create a profitable side business or even transition into a full-fledged entrepreneurial venture.

How much you can make: $25,000 — $1,000,000/month

How long does it take to build: 90 days (?)

How Two Brothers Started A $1M/Month Bicycle Brand

"Co-founders of State Bicycle Co. reveal how they bootstrapped their company to over $50M in annual sales and produced over 100,000 bikes by creating a trusted brand through word-of-mouth and social media, sponsoring talented riders, limited-edition releases, and focusing on product quality."

Read by 11,368 founders

8. Start a data analytics software business ($454K/month)

As an electrical engineer, you could leverage your technical expertise to develop a data analytics software business, supplementing your existing income or even creating a new revenue stream. Your background in problem-solving and understanding complex systems would be invaluable in identifying specific industries or niches that would benefit from specialized data analysis tools. For instance, you could design software tailored for energy consumption monitoring or predictive maintenance in industrial settings, providing actionable insights to optimize efficiency and reduce operational costs.

With your strong foundation in analytical skills, you could focus on creating user-friendly dashboards and custom reporting tools that address the unique data needs of your chosen market. This approach would allow your clients to easily interpret data and make informed decisions, enhancing their operational productivity. Marketing your software effectively by highlighting its simplicity, efficiency, and the value it adds to decision-making processes could further attract a solid client base and establish your foothold in the industry.

How much you can make: $1,000 — $4,200,000/month

How long does it take to build: 150 days (?)

Diesel Laptops: From Selling on eBay to Making $20M/Year

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.

Read by 18,834 founders

9. Start a two sided marketplace ($20.3K/month)

As an electrical engineer, you could leverage your expertise to create a two-sided marketplace that connects skilled electrical engineers with clients in need of specialized services. Imagine a platform where homeowners, businesses, or even construction companies can easily find and hire qualified electrical engineers for various projects, ranging from residential wiring to complex industrial systems.

This type of marketplace could thrive by offering a streamlined way for engineers to showcase their certifications, experience, and previous work, thus making it easier for clients to find the right match for their needs. By ensuring a seamless user experience, vetting professionals, and handling secure transactions, you could build a network that benefits both service providers and those seeking expert assistance, creating a scalable business that addresses a significant industry pain point.

Not only would this marketplace offer an opportunity to supplement your income or transition into entrepreneurship, but it would also contribute to the electrical engineering community by enhancing accessibility to quality services, fostering professional growth, and potentially driving innovation through increased collaboration.

How much you can make: $100 — $100,000/month

How long does it take to build: 150 days (?)

How This Uber Driver Created A $270K/Year App For Gig Workers

Muver is a mobile app for gig workers allowing them to multi-app seamlessly between Uber, Uber Eats, Doordash, Grubhub, Lyft, Instacart, and more within a single app with over $270k revenue in the past 12 months.

Read by 4,978 founders

10. Start a marketing consulting business ($122K/month)

As an electrical engineer with analytical and problem-solving skills, venturing into a marketing consulting business could be a lucrative and fulfilling side hustle or even a full-time career change. You could leverage your technical background to specialize in marketing for engineering firms, tech companies, or other industries where a deep understanding of technology is a significant advantage. Your experience in analyzing data and conducting market research would be highly beneficial in developing marketing strategies that are both data-driven and highly targeted.

Moreover, your project management skills, often honed in engineering, would be invaluable in managing multiple clients and complex marketing projects. Your ability to break down complicated concepts and communicate them clearly could set you apart as an effective consultant who can translate technical advantages into compelling marketing messages.

Starting this type of business would allow you to use your existing expertise while gaining new skills in a dynamic and growing field. By setting your own fees and managing your work schedule, you could enjoy the flexibility and autonomy that entrepreneurial-minded engineers often crave.

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 (?)

How I Started A Successful Podcast Production Company

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.

Read by 19,195 founders

11. Start a data mining and analytics tools business ($237K/month)

As an electrical engineer, you could leverage your analytical prowess and technical skills to venture into the world of data mining and analytics tools. By creating software that extracts, processes, and analyzes vast amounts of data, you could turn raw information into actionable insights, uncovering patterns and trends that can greatly benefit key industries like finance, healthcare, and retail.

The demand for data-driven decision-making is skyrocketing, opening up a growing market for innovative analytics solutions. Your background in programming, statistics, and machine learning can be invaluable in crafting tools that help businesses make smarter strategic decisions, thereby pioneering their success and driving industry transformations.

This business idea allows you to combine your technical expertise with an acute understanding of market needs, making it both challenging and rewarding. With your electrical engineering skills, you could provide businesses with the intelligence they need to navigate complex data landscapes, making you an essential partner in their journey towards optimized performance and growth.

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 (?)

How We Developed A $40K/Month Email Parser Application

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.

Read by 10,483 founders

12. Start a customer intelligence analytics business ($107K/month)

As an electrical engineer, you could leverage your analytical and problem-solving skills to delve into the burgeoning field of customer intelligence analytics. This business involves scrutinizing customer data to offer actionable insights, which can significantly enhance business decisions. With your technical background, you could develop or optimize sophisticated algorithms to analyze customer interactions, thus providing businesses with a deeper understanding of their customer base.

Your strong analytical abilities and precision could set you apart in crafting data-driven strategies that improve customer experiences and boost retention rates. By starting a customer intelligence analytics business, you could help companies, both large and small, refine their marketing and sales strategies, potentially leading to higher revenue. Given the high demand for such expertise, your services could become indispensable, making this a lucrative side business or even a full-fledged entrepreneurial venture.

How much you can make: $100 — $840,000/month

How long does it take to build: 180 days (?)

How We Developed A $30K/Month Open Source CRM

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.

Read by 10,950 founders

13. Start a content marketing business ($91.3K/month)

As an electrical engineer, you could leverage your technical expertise to start a content marketing business targeted at the engineering and technology sectors. With businesses increasingly seeking specialized content, your industry insights and knowledge can provide significant value. Crafting informative articles, engaging videos, and insightful whitepapers could position your content marketing services as a go-to resource for firms looking to connect with a technically adept audience.

Additionally, the demand for content marketing is skyrocketing, and businesses with effective strategies are seeing 67% more leads compared to those without. By understanding SEO and social media, you could help tech firms elevate their online presence and generate more leads. Hiring content creators to assist you in developing high-quality materials can scale your business and establish you as a content marketing expert within the engineering niche.

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 I Started A $80K/Month Content Writing Business

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.

Read by 24,814 founders

14. Start a communications consulting business ($38.9K/month)

Starting a communications consulting business would make sense as an electrical engineer because your technical expertise can offer invaluable insights into complex topics, translating jargon into clear, understandable language for non-technical stakeholders. With your background, you could help organizations improve their internal and external communications, ensuring that technical information is conveyed effectively across different levels of the company.

A communications consulting business involves advising companies on strategies, crafting effective messaging, and enhancing the overall efficiency of information exchange. By evaluating existing communication channels and identifying gaps, you could develop tailor-made solutions that align with each client’s unique objectives, providing a significant value-add.

If you are passionate about helping businesses articulate their technical vision and navigate intricate conversations, this entrepreneurial venture can be highly rewarding. Not only does it enable you to utilize your strategic thinking and creativity, but it also offers the opportunity to build lasting professional relationships across a diverse range of industries.

How much you can make: $4,500 — $150,000/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 45 days (?)

Raising $19,000 Building a Positive Card Game

PEAR Cards is a card-based tool/game that empowers players to open up and initiate positive conversations, and with the help of Ad Magic, their Kickstarter had an all-or-nothing fundraising goal, which they met with so much support the company is now growing through the power of Twitter and Instagram.

Read by 8,230 founders

15. Start an ecommerce management software ($536K/month)

As an electrical engineer, you could leverage your technical skills and problem-solving abilities to create an ecommerce management software that streamlines online retail operations. This venture involves developing a comprehensive platform that automates tasks like inventory tracking, order processing, and customer relationship management, thereby addressing a significant need in the ecommerce industry.

Given your background, you could apply your expertise in system design and automation to build intuitive and efficient software solutions. By targeting small to larger enterprises, you could tap into a growing market that demands smart, reliable tools to save time and reduce operational errors. This entrepreneurial path not only offers a supplemental income but also allows you to make a tangible difference in the evolving world of online retail.

How much you can make: $5,000 — $2,400,000/month

How much does it cost to start: $6,500 (?)

How long does it take to build: 90 days (?)

How We Started A $30M/Year Warehouse Management Software And Outsourced Ecommerce Fulfillment Business

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.

Read by 9,378 founders

16. Start an AI SaaS business ($39.3K/month)

As an electrical engineer, starting an AI SaaS business could allow you to leverage your technical expertise in a cutting-edge, high-demand field. You could design and deploy cloud-based software powered by artificial intelligence, offering solutions like natural language processing tools or predictive analytics. This approach eliminates the need for businesses to develop these technologies in-house, positioning your service as both innovative and essential.

By focusing on AI SaaS, you can tap into a sector brimming with demand and innovation. Your strong background in electrical engineering could be a significant asset in understanding the technical infrastructure and needs of various industries. Whether as a side business to supplement your income or a full-fledged enterprise, this venture offers a scalable and potentially lucrative opportunity.

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 (?)

How I Bootstrapped My Notion Form Builder $180K ARR

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.

Read by 8,420 founders

17. Start an investment consulting business ($263K/month)

As an electrical engineer, starting an investment consulting business could make perfect sense, given your analytical and problem-solving skills. Investment consulting involves advising clients on how to manage, grow, and protect their financial assets, and your engineering background can enhance your credibility in assessing risk and identifying high-potential investments.

Your ability to understand and communicate complex information effectively can be a significant asset in explaining intricate financial concepts to your clients. Furthermore, your disciplined approach to staying updated on industry trends could help you offer informed, tailored investment strategies. If you have a passion for finance and a knack for guiding others towards financial success, this entrepreneurial venture could be both lucrative and fulfilling.

How much you can make: $2,000 — $2,000,000/month

How long does it take to build: 135 days (?)

How We Started A $40M Real Estate Investment Fund

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.

Read by 13,314 founders

18. Create a geocoding API

As an electrical engineer, you could leverage your technical expertise to develop a geocoding API as a supplementary income stream or a full-fledged business. Geocoding APIs are vital for converting addresses into geographic coordinates and can be used in various applications, such as navigation systems, drone mapping, and smart city projects. Your background in electrical engineering would be invaluable in ensuring the API is robust, accurate, and can handle large datasets efficiently.

You could tap into your network of fellow engineers and tech professionals to market your API, as well as collaborate with software developers who may need geocoding solutions. Additionally, given the increasing reliance on location-based services in industries like logistics, real estate, and emergency response, there is a significant market demand for reliable geocoding services. This venture could not only supplement your income but also provide you with an opportunity to diversify your skills and grow your professional network.

19. Build a chrome extension ($72.8K/month)

As an electrical engineer with programming skills, starting a Chrome extension is a practical and innovative way to supplement your income. You could create an extension that enhances productivity by providing specialized tools or integrations tailored for engineers, or devise a security-focused extension that safeguards user data—both viable ideas in a world increasingly dependent on digital solutions.

By leveraging your technical expertise, you could design and code a unique Chrome extension, sell it on the Chrome Web Store, or offer it for free with revenue generated through advertising. This entrepreneurial venture allows you to showcase your skills, reach a wide audience, and create a profitable business that aligns with your engineering background.

Overall, developing a Chrome extension not only diversifies your income streams but also provides a platform to demonstrate your technical proficiency and innovative thinking in a digital marketplace.

How much you can make: $10 — $450,000/month

How much does it cost to start: $3,500 (?)

How long does it take to build: 21 days (?)

How We Started A $350K/Month Business Developing Software Tools For Ecommerce Brands

SkyVerge, a software company, has grown rapidly with revenue of $350,000 per month, over 100,000 eCommerce customers, and a globally distributed team of 30 people, all through starting with consulting projects and building focused and solutions-based products, acquiring small products from other developers, and focusing largely on content marketing and providing excellent customer support.

Read by 39,386 founders

20. Start a technology consulting business ($137K/month)

Starting a technology consulting business could be an excellent opportunity for an entrepreneurial-minded electrical engineer to supplement their income or even transition into running their own company. Given your technical background, you are likely well-versed in the latest technologies and trends, making you a valuable asset for startups and businesses lacking IT expertise. Entrepreneurs often struggle to keep up with technological advancements, and your expertise could help bridge that gap by guiding them on how best to leverage technology for innovation and growth.

You could function as a critical advisor for these businesses, helping them solve complex technological challenges and thereby driving their corporate strategy forward. By offering your specialized skills, you could play a pivotal role in steering companies through the ever-evolving tech landscape. Whether as a side business or a full-time venture, technology consulting presents a viable and potentially lucrative pathway for electrical engineers looking to expand their horizons.

How much you can make: $150 — $1,200,000/month

How long does it take to build: 100 days (?)

How I Designed And Patented A $40K/Month Agile Framework

How a Ph.D. in computer engineering created a patented agile framework and turned it into a profitable training and consulting business, after realizing that his accumulated technology knowledge was losing value over time.

Read by 8,102 founders

21. Start a cost monitoring business

As an electrical engineer, starting a cost monitoring business could be an excellent way to supplement your income or even lay the foundation for a full-time entrepreneurial venture. Leveraging your expertise in electrical systems, you could offer services that help businesses and homeowners monitor and reduce their energy consumption. This not only has the potential to save your clients money, but also positions your business as part of the growing trend towards sustainability.

Additionally, with your technical knowledge, you could develop or utilize advanced software and hardware solutions for real-time tracking and analytical reporting of energy usage. Such insights could help identify inefficiencies and recommend specific actions for improvement. By offering these specialized, high-value services, you could set your business apart in the marketplace and tap into a niche that is both profitable and impactful.

22. Start a number guessing game business

As an electrical engineer with a knack for problem-solving and programming, starting a number guessing game business could be a viable side venture to supplement your income. Leveraging your technical skills, you could develop a sophisticated and engaging game that attracts traffic to your website. Increased traffic would, in turn, make your website more appealing to advertisers, creating additional revenue streams.

Additionally, this venture could offer a creative outlet and diversify your professional skill set while remaining relevant to your engineering background. By integrating advanced algorithms and user-friendly interfaces, you could set your number guessing game apart from simpler versions, drawing in a broader and more engaged audience.

23. Start an online team training software

As an electrical engineer, you could leverage your technical skills to develop online team training software, a solution highly sought after in today's remote work environment. This platform would facilitate smoother onboarding processes, consistent skill development, and better team integration through interactive modules, quizzes, and progress tracking features—all crucial for enhancing team performance and cohesion.

The demand for virtual training solutions is increasing rapidly as companies look to upskill their workforce without the constraints of physical training spaces. By creating a user-friendly, effective training software, you could address this growing need while supplementing your income or even establishing a full-fledged business. If you're an entrepreneur at heart, developing such a tech-driven and impactful platform could be an excellent opportunity to merge your engineering expertise with your business ambitions.

How much you can make: $175,000/month

How long does it take to build: 90 days (?)

We Built A $2M/Year Online Team Training Tool [From Australia]

Coassemble is an online training platform that has seen >100% YoY growth since launch, capturing the untapped market segment of small to medium businesses looking to train online for the first time, with over 1,000 businesses signing up to the platform and 90% of new customers training online for the first time, using a focus on ease of use, flexible sharing options, deep reporting, and genuine engagement experiences.

Read by 3,513 founders

24. Start a tombstones business

As an electrical engineer, you could leverage your technical skills in precision and automation to start a tombstones business, particularly by incorporating advanced laser etching techniques. Your understanding of electrical systems and laser technology would allow you to create high-quality, personalized engravings on granite, setting your services apart in the market. This could be a profitable venture as you could offer bespoke designs and intricate details on tombstones that cater to a niche market.

Additionally, your engineering background would enable you to optimize the production process, ensuring accuracy and efficiency, which could lead to cost savings and increased profit margins. By integrating your expertise in automation, you could streamline operations, making it feasible to manage this business as a side gig. This venture could not only supplement your income but also provide an entrepreneurial outlet for your skills.

25. Start an interview coaching business ($12.5K/month)

Starting an interview coaching business could be a smart move for an entrepreneurial-minded electrical engineer. Your technical expertise and experience navigating the job market in a specialized field make you uniquely qualified to offer targeted coaching to aspiring engineers and STEM professionals. You could leverage your background to help clients improve their communication skills, refine their resumes, and build confidence tailored to technical roles.

Running this side business allows you to stay engaged with industry trends, while also providing personalized guidance, practical advice, and mock interview sessions. The low startup cost and the potential to positively impact someone's career make this an appealing venture. If you have strong people skills and an inclination for mentorship, interview coaching could be both a fulfilling and lucrative way to supplement your income or start a new business avenue.

How much you can make: $10,000 — $15,000/month

How much does it cost to start: $80 (?)

How long does it take to build: 30 days (?)

We Make $15K/Month Helping People Apply To Jobs With AI

AiApply case study showcases the journey from $0 to $25K in monthly revenue, highlighting the power of AI-driven solutions to revolutionize the job application process through personalized tools, viral content, and sustainable growth strategies for SaaS founders.

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meet the author
Pat Walls