29 Business Ideas For Health Informatics Specialists [2024]
Interested in starting a business as a doctor in 2024?
If managed well, building a business as a doctor could be more lucrative than employment. So, which are the best business ideas for Doctors?
We put together 29 of some of the best doctor business ideas you can start in today.
For each business idea, we'll show you real-world examples of other doctor businesses to help you see what it takes.
Here's the full list:
1. Start an AI-based business ($27.9K/month)
As a health informatics specialist, you could leverage your expertise by starting an AI-based business to supplement your income or explore entrepreneurial opportunities. For instance, developing AI-driven predictive analytics tools can optimize patient outcomes and resource management in healthcare facilities. You could create platforms that use machine learning to analyze vast amounts of health data, providing actionable insights and improving decision-making processes.
Additionally, AI-based solutions like automated customer service bots for healthcare providers can significantly enhance patient engagement and satisfaction. With your specialized knowledge in health informatics, you have a unique advantage in understanding the intricacies of healthcare data, making your AI solutions more relevant and effective. This burgeoning field provides an ideal landscape for tech-savvy professionals looking to drive innovation and contribute to the next major technological advancements in healthcare.
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 (?)
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.
2. Start a micro saas ($83.3K/month)
As a health informatics specialist, you could supplement your income or even start a full-fledged side business by launching a micro-SaaS tailored to the healthcare industry. With your in-depth knowledge of electronic health records, data management, and patient care workflows, you can create highly customized software solutions for healthcare providers. Targeting niche markets, you could develop tools that streamline specific tasks, such as patient appointment scheduling, streamlined data analytics, or compliance tracking.
Pinpointing a unique problem within the healthcare industry that requires a tech-based solution is the first step. Your background uniquely positions you to understand the daily challenges and inefficiencies in healthcare settings, allowing you to deliver precise solutions. By prioritizing customer feedback, you can continually refine and enhance your product, ensuring its relevance and long-term success in the market.
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 (?)
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.
3. Start an ecommerce management software ($536K/month)
As a health informatics specialist, you could leverage your expertise in data management and analytics to develop an ecommerce management software tailored for healthcare products and services. Your deep understanding of the healthcare industry could enable you to create features that cater specifically to the needs of medical suppliers, pharmacies, and telehealth providers.
With your skill set, you could design sophisticated inventory tracking, sales analytics, and customer relationship management tools that improve efficiency and visibility for healthcare businesses. This side business could not only supplement your income but also provide valuable solutions to optimize ecommerce operations within the healthcare sector.
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 (?)
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.
4. Start a data analytics software business ($454K/month)
Starting a data analytics software business could be an excellent opportunity for you as a health informatics specialist. Your deep understanding of the healthcare industry positions you well to identify and address specific data analysis needs within this sector. You could develop user-friendly software that offers custom reporting tools and dashboards, enabling healthcare providers to visualize and interpret their data more effectively.
With this specialized knowledge, you could create solutions that significantly enhance decision-making processes for hospitals, clinics, and other healthcare organizations. Emphasizing the simplicity and efficiency of these tools, along with their potential to improve patient outcomes and operational efficiencies, will make your software highly attractive.
By focusing on the unique challenges faced by the healthcare industry, you could build a business that not only supplements your income but also delivers substantial value to your clients. This entrepreneurial venture allows you to leverage your existing expertise while providing innovative solutions to pressing data analysis problems in healthcare.
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 a data mining and analytics tools business ($237K/month)
As a health informatics specialist, you could leverage your expertise in data management and analysis to start a data mining and analytics tools business, transforming raw healthcare data into actionable insights. By developing software that extracts, processes, and analyzes vast amounts of data, you could uncover patterns and trends that offer meaningful value to healthcare providers and organizations. Given the rising demand for data-driven decision-making in the healthcare industry, your tools could help clients make better strategic decisions, enhancing patient care and operational efficiency.
Your strong foundation in health informatics, combined with knowledge of programming, statistics, and machine learning, positions you well to create innovative analytics solutions. Identifying key industries such as finance, healthcare, and retail that would benefit from sophisticated data analysis could open multiple revenue streams. Aside from supplementing your income, this entrepreneurial venture could allow you to pioneer industry transformations and drive success, both for your business and for the clients you serve.
In essence, starting a data mining and analytics tools business offers a challenging yet rewarding opportunity to apply your technical skills and market insights. This venture not only supplements your current income but also positions you as a crucial player in the ever-evolving landscape of data-driven healthcare solutions.
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.
6. Start a customer intelligence analytics business ($107K/month)
As a health informatics specialist, starting a customer intelligence analytics business could be a natural extension of your skill set. Your proficiency in handling vast amounts of health data and providing actionable insights can be leveraged to help businesses understand their customers better. By utilizing customer data analytics, you could generate valuable insights that businesses can use to refine their marketing and sales strategies, thereby significantly improving their decision-making processes.
In this field, your ability to break down complex data into comprehensible, actionable intelligence would be highly valued. You would be applying similar principles used in healthcare analytics to customer behavior, enabling businesses to boost customer retention and tailor their services more effectively. Given the growing demand for customer intelligence, evidenced by companies like Verint generating $1.3B in revenue with their analytics platform in 2022, there is a promising opportunity for you to supplement your income or even transition into a full-fledged entrepreneurial venture.
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.
7. Start a b2b lead generation service ($172K/month)
As a health informatics specialist, you could leverage your expertise in data analysis and technology tools to start a B2B lead generation service, specifically tailored for the healthcare industry. By using your skills in research and cold outreach, you could identify potential business clients such as hospitals, clinics, and healthcare providers, and help connect them with vendors offering innovative solutions.
The demand for high-quality leads in healthcare is substantial, as businesses constantly seek to grow and find new partners. This venture not only supplements your income but also taps into your existing knowledge and network, offering a scalable and in-demand service. If you have a knack for sales and relationship-building, this could be a highly rewarding entrepreneurial journey.
How much you can make: $500 — $1,250,000/month
How long does it take to build: 165 days (?)
A 20-year-old digital nomad and serial entrepreneur shares his journey of starting a successful digital marketing agency, Nomads with Solutions, which specializes in Facebook lead generation, and offers insights on client acquisition, personal branding, and focusing on self-improvement.
8. Start a health and wellness consulting business ($148K/month)
As a health informatics specialist, starting a health and wellness consulting business could be a natural extension of your expertise and an excellent way to supplement your income. By leveraging your background in health data and systems, you could provide valuable insights into clients' health through personalized plans focused on nutrition, physical activity, and stress management. Your ability to analyze health information can help you craft data-driven, highly effective wellness strategies tailored to individual needs.
Furthermore, the growing market for health and wellness services presents abundant opportunities to tap into a community eager to invest in their well-being. Although a medical degree isn't necessary, obtaining relevant certifications and continually updating your knowledge will be crucial to maintaining credibility and delivering impactful advice. This entrepreneurial venture could not only boost your income but also allow you to make a meaningful difference in the lives of your clients by guiding them toward a healthier, more vibrant lifestyle.
How much you can make: $100 — $1,000,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 100 days (?)
Bey Moss, an e-commerce platform selling sea moss-infused health and wellness products, made over $800,000 to-date with less than $10,000 overall in ads after validating the product idea through reviews and feedback and leveraging their social media following to build a Bey Moss community.
9. Start an ai based business solution ($55.8K/month)
As a health informatics specialist, you could leverage your expertise to develop AI-based business solutions that streamline healthcare operations and improve patient care. By utilizing artificial intelligence, you could create tools to automate repetitive administrative tasks, enhance data analysis, and offer predictive analytics to support clinical decision-making. This approach not only improves efficiency but also frees up valuable time for healthcare professionals to focus on patient care.
Moreover, the growing demand for AI solutions in the healthcare sector presents a significant opportunity for an entrepreneurial venture. You could work on projects like developing AI-driven systems for managing electronic health records (EHRs), optimizing resource allocation, or personalizing patient outreach efforts based on data insights. Collaborating with platform providers who offer user-friendly interfaces and robust support can make the transition smoother, even if you don't have an extensive tech background.
By capitalizing on what you already know about healthcare data and combining it with innovative AI technologies, you can provide high-impact solutions that meet the industry's needs. This could become a lucrative side business or a full-fledged enterprise, positioning you at the forefront of healthcare innovation and enabling you to supplement your income or even pivot your career.
How much you can make: $4,000 — $120,000/month
How long does it take to build: 125 days (?)
Mikkelsen Twins grew an online education company from scratch with over 800 students, making over 6-figures in profit every month thanks to their successful program, Audiobook Income Academy 2.0.
10. Start a video chat app
As a health informatics specialist, you could leverage your expertise to develop a video chat app tailored specifically for the healthcare sector. This app could facilitate telemedicine consultations, enabling healthcare providers and patients to connect seamlessly for remote appointments, second opinions, and follow-up care. Your background in health informatics makes you uniquely qualified to integrate essential health data security measures and ensure compliance with healthcare regulations.
Moreover, you could enhance the app with features such as secure patient data sharing, real-time health monitoring, and interoperable electronic health record systems. The increasing demand for telehealth solutions means there's substantial market potential for an app that streamlines remote healthcare interactions. By blending your technical know-how with entrepreneurial drive, you could create a highly valuable tool that bridges the gap between patients and healthcare providers efficiently.
11. Start a plush toy making business
As a health informatics specialist, you could leverage your analytical and project management skills to start a plush toy making business. Your ability to manage data and streamline processes can help you efficiently handle the production workflow, inventory management, and customer database. This type of business also allows you to utilize your creativity and attention to detail, which are essential in developing unique and high-quality plush toys that stand out in the market.
Furthermore, the plush toy business can easily be scaled up or maintained as a side venture alongside your primary career. With the growing demand for personalized and unique plush toys, especially ones that are safe and suitable for children, your strong understanding of regulatory standards and attention to quality control will be a significant advantage. This could not only supplement your income but also provide you with a fulfilling, creative outlet outside of your health informatics role.
12. Start a funeral transportation business
As a health informatics specialist, you could leverage your expertise in data management, logistics, and healthcare operations to start a successful funeral transportation business. Your skills in efficiently organizing and handling sensitive information are directly applicable to the delicate nature of funeral services, ensuring timely and respectful transportation arrangements.
Moreover, your familiarity with compliance and regulatory issues in the health sector could give you an advantage in navigating the legal aspects of a funeral transportation business. This side venture would not only supplement your income but also allow you to utilize your existing knowledge in a new, meaningful way.
13. Start a social news website
As a health informatics specialist, you could leverage your expertise to start a social news website focused on healthcare, medical research, and health technologies. This platform could become a hub for professionals and enthusiasts to discuss the latest trends, share relevant studies, and rate articles on crucial health topics. Your specialized knowledge would allow you to curate high-quality, reliable content, ensuring the platform's credibility and appeal.
Setting up such a website involves creating an intuitive user interface and utilizing AI algorithms for effective news curation. By encouraging user-generated content, you could foster a vibrant community where members contribute and engage regularly. Revenue opportunities could arise from ad placements, subscription models, and sponsored content, offering a scalable business avenue. For an entrepreneurial-minded health informatics specialist, this venture could combine your passion for healthcare with a profitable business model.
How long does it take to build: 30 days (?)
14. Start an engineering design software
As a health informatics specialist, you could leverage your analytical and data management skills to create engineering design software tailored for healthcare applications. Imagine developing software that helps medical device manufacturers design and test new products or assists healthcare facilities in optimizing their infrastructure for better patient care.
You could focus on building intuitive tools that address specific challenges in the medical and healthcare engineering fields, such as automated simulations for medical device testing or advanced modeling for hospital layouts. This entrepreneurial venture not only promises supplementary income but also allows you to contribute to innovative solutions that can have a significant impact on healthcare technology.
How much you can make: $600,000/month
How long does it take to build: 4652 days (?)
PVM, Inc offers software engineering services related to big data storage and analytics to customers in both the private and public sectors, ranging from local police departments to federal agencies, with partnerships with Palantir, Amazon, and MicroFocus.
15. Start a broadcasting company
As a health informatics specialist, you could leverage your expertise and start a broadcasting company to provide valuable insights and information on healthcare technology and data management. This venture allows you to create educational content, webinars, and podcasts that target healthcare professionals interested in the latest trends and innovations in health informatics.
By sharing your knowledge and interviewing industry experts, you could build a profitable platform that attracts sponsors, advertisers, and subscribers who are eager to keep up-to-date with industry changes. This broadcasting company could serve as a side business to supplement your income while empowering other professionals in the health informatics field.
16. Start a sleep advice blog
As a health informatics specialist, starting a sleep advice blog could be a unique opportunity for you to utilize your expertise in health data and technology to help improve people's lives. Leveraging your background, you could provide evidence-based recommendations, insightful articles, and practical guides on sleep hygiene, backed by the latest health informatics research. This reliable, data-driven approach can set your blog apart as a trusted resource in a crowded online space.
Moreover, your skills in data analysis could help you identify emerging trends and topics in sleep health, ensuring your content remains relevant and valuable. By consistently offering high-quality advice, you could build a loyal readership that looks to your expertise for improving their sleep quality. In terms of monetization, affiliate marketing, sponsored posts, and selling digital products like e-books or courses related to sleep can provide additional income streams.
In a world where quality sleep is increasingly elusive, your blog could serve as a go-to resource, making this venture both rewarding and impactful. By sharing your knowledge and passion for health topics through engaging content, you could turn sleepless nights into a successful entrepreneurial endeavor.
17. Start a sound control app business
As a health informatics specialist, you could leverage your technical expertise and understanding of healthcare data to design a sound control app tailored for medical environments. Hospitals and clinics often face challenges related to noise control, especially in departments like intensive care units or neonatal wards where a quiet environment is crucial for patient recovery. Your deep knowledge of healthcare settings and patient needs could help you create an app that optimizes acoustic conditions, using real-time data to monitor and adjust noise levels.
Additionally, developing a sound control app could supplement your income by addressing a niche market that directly benefits from your specialized skills. You could offer features such as noise trend analysis, customizable alerts for staff, and integration with existing hospital systems, ensuring that your product seamlessly fits within the healthcare ecosystem. This venture not only provides extra income but also positions you as an innovator in the intersection of health informatics and environmental control, potentially leading to broader business opportunities.
18. Start a goat rental business
As a health informatics specialist, you could leverage your data management and analytical skills to start a goat rental business, capitalizing on the growing demand for eco-friendly landscaping solutions. By utilizing your expertise in health data, you could maintain detailed health records for your goats, ensuring they are well-cared for and meet all regulatory standards, which would give you a competitive edge.
Additionally, your proficiency with digital tools would allow you to create and manage an efficient booking system, providing a seamless customer experience. You could even analyze market trends and customer preferences to continually optimize your service offerings, making your side business a potential full-time venture.
19. Start a Mobile Car Wash Subscription Business
As a health informatics specialist, you could start a Mobile Car Wash Subscription Business to supplement your income or even transition into a full-time entrepreneurial venture. Leveraging your analytical skills, you could optimize route planning, manage customer data effectively, and employ client relationship management systems to enhance customer satisfaction. Plus, the subscription model aligns well with your understanding of recurring revenue streams and data insights, which could help you predict customer needs and manage your resources efficiently.
Additionally, this venture offers flexibility, allowing you to operate part-time around your primary job or scale it into a full-time business. If you enjoy outdoor activities and helping others, the mobile nature of this business could provide a welcome change from the typical desk-bound environment of health informatics. By offering convenience and cost savings to your customers, you'll not only earn extra money but also provide a valuable service that complements your existing problem-solving skills.
How much you can make: $5,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
Learn how former tech salesman, Matt Paskow, left the industry to start Fresh Look Mobile Auto Detailing, a profitable mobile auto detailing business generating around $5k per month that focuses solely on SEO, Google AdWords, and Google My Business for marketing.
20. Start a game development business ($226K/month)
As a health informatics specialist, your unique expertise could offer a fresh perspective in the game development industry, particularly in creating immersive and educational health-related games. By leveraging your knowledge of health data and informatics, you could design games that teach important medical concepts, promote healthy behaviors, or simulate clinical scenarios for educational purposes. This niche focus could not only differentiate your games in the competitive market but also provide valuable tools for healthcare education and training.
The demand for interactive and engaging learning tools is ever-growing, and consumers are increasingly seeking out innovative ways to learn about health and wellness. With your background, you could create products that fill this need while supplementing your income or even establishing a new primary revenue stream. The blend of creativity, technology, and your specialized skills could transform a single game concept into a reality enjoyed and appreciated by both players and educational institutions worldwide.
How much you can make: $300 — $1,725,000/month
How much does it cost to start: $2,400 (?)
How long does it take to build: 180 days (?)
How one founder turned a successful Kickstarter campaign into a $40 million tabletop game company with a focus on crafting a few special products each year and using social media to build community and relationships with customers.
21. Start a startup instructing business ($28.4K/month)
As a health informatics specialist, you possess a unique blend of expertise in healthcare systems and technology, making you well-suited to start a startup instructing business. You could leverage your insights to guide new health tech companies or medical clinics in optimizing their data management systems and complying with healthcare regulations. This not only supplements your income but also allows you to share valuable knowledge gained from your career.
Such a venture would involve providing tailored advice on business planning, marketing strategies, and successful implementation of health informatics solutions. By creating a basic website or social media presence to showcase your services, you could attract clients who are in the early stages of their business. Offering your specialized guidance at an affordable rate and building a reputation through word-of-mouth could gradually expand your client base and establish your authority in the field.
Starting this business on a budget is completely feasible, and your experience gives you a significant edge in a growing industry. Whether you choose to pursue this as a side business or envision it evolving into a full-time enterprise, your expertise in health informatics positions you as a valuable advisor to the emerging leaders in the health tech space.
How much you can make: $1,000 — $100,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 75 days (?)
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
22. Start a beauty franchise business ($225K/month)
As a health informatics specialist, starting a beauty franchise business offers you the chance to leverage your analytical and organizational skills in a thriving and lucrative industry. You could seamlessly incorporate your proficiency in data management and efficiency optimization to enhance customer experiences and streamline operations within the beauty sector.
By partnering with an established beauty brand, you gain the advantage of a proven business model with strong brand recognition and marketing strategies already in place. This setup allows you to focus on delivering exceptional beauty services and building customer relationships, while benefiting from the franchisor's ongoing support and resources.
If you're entrepreneurial-minded and interested in supplementing your income or transitioning into a new industry, a beauty franchise business could be a promising endeavor. With your background in health informatics, you could drive data-driven decisions to maximize profits and ensure the franchise's success.
How much you can make: $100,000 — $350,000/month
How long does it take to build: 365 days (?)
Sisters launch successful fat-freezing empire, Bodify, raising $400k from investors and family, achieving $440k in profit four years later through effective marketing, authentic branding, and providing standout customer experiences.
23. Start a job board ($328K/month)
As a health informatics specialist, starting a job board could be an effective way to utilize your industry expertise and supplement your income. You could create a niche platform tailored specifically to health informatics professionals, helping to bridge the gap between qualified candidates and employers looking for specialized skills in this field. This makes your job board highly valuable in the growing online recruitment market, which was $28.68B in 2019 and projected to reach $43.39B by 2027.
With minimal start-up costs, you could capitalize on your network and industry knowledge to attract both job seekers and companies. By providing a focused and specialized service, your job board could become a go-to resource for health informatics professionals looking for new opportunities and for organizations aiming to fill crucial roles with top talent. This entrepreneurial venture not only has the potential for financial rewards but also allows you to contribute to the advancement of your field.
How much you can make: $1,500 — $1,500,000/month
How much does it cost to start: $297 (?)
How long does it take to build: 80 days (?)
Loopcv is a job search automation platform experiencing 15% monthly growth, offering solutions for bootcamps, universities, career coaches, developers, recruitment companies, job boards, affiliates, and companies looking to perform internal restructuring.
24. Start a pet shipping business
As a health informatics specialist, you could leverage your organizational and data management skills to establish a successful pet shipping business. Using your expertise in managing complex information systems, you could develop a sophisticated tracking system to ensure pets are safely transported and monitored throughout their journey. Accurate data handling and real-time updates could be a unique selling point, setting your business apart in a niche market.
Additionally, understanding the compliance and regulatory requirements in health informatics could translate well to navigating the legal complexities of pet shipping. You could ensure all necessary health documentation for pets is meticulously managed and verified, enhancing customer trust and satisfaction. This blend of specialized knowledge could help you create a profitable side business or even a full-time venture, capitalizing on the growing demand for secure and reliable pet transportation services.
25. Start a party clown business
As a health informatics specialist, you could leverage your organizational, analytical, and detail-oriented skills to manage a successful party clown business. Your ability to handle complex data and maintain meticulous records would ensure smooth operations, effective scheduling, and efficient client management.
This side business could provide a creative outlet and a balanced break from the technical and analytical demands of your day job. Additionally, your expertise in health systems could also offer a unique advantage in understanding and implementing proper health and safety protocols for children's parties.
26. Start a molding products business
As a health informatics specialist, you could leverage your technical and analytical skills to tap into the lucrative molding products industry. Utilizing your deep understanding of data and systems, you could optimize manufacturing processes by integrating advanced analytics and automation, ensuring high-quality production while minimizing waste. This not only enhances operational efficiency but also opens up opportunities for developing innovative, health-related molding products such as ergonomic medical devices or custom-fit assistive technologies.
Moreover, your experience in handling complex datasets and compliance with healthcare regulations could be pivotal when navigating the market demands and ensuring your products meet industry standards. As you explore this entrepreneurial venture, you could start by producing small-scale items and gradually expand, potentially creating a thriving side business that supplements your income or even transitions into a full-time endeavor. By combining your health informatics expertise with a focus on quality and innovation, you could create a niche in the molding products market that stands out for its precision and reliability.
27. Start an office equipment rental
As a health informatics specialist, you could leverage your understanding of the healthcare industry's operational needs to establish a profitable office equipment rental business. New startups and expanding medical practices often find it more cost-effective to rent essential office equipment, such as laptops, PABX or IP telephones, photocopy machines, and conference room gear, rather than incurring the high upfront costs of purchasing these items.
You could target healthcare facilities, business conventions, and trade shows specific to the health informatics field, offering tailored rental packages that meet their unique needs. By capitalizing on your professional network and industry insights, you could provide specialized, reliable, and cost-effective solutions that help other healthcare organizations manage their budgets effectively while still accessing top-quality office equipment.
How much you can make: $15,000/month
How long does it take to build: 1095 days (?)
Founder Alan Crowe launched Room2work, a niche coworking space for small businesses in 2020, generating $14K a month with plans to reach $100K in gross profit, by combining the coworking model with the self-storage model to offer a flexible office space optimized for local SEO, virtual offices, and meeting rooms designed for virtual teams.
28. Start an eye masks store
As a health informatics specialist, starting an eye masks store presents a unique opportunity to leverage your deep understanding of health and wellness data to address a tangible need—improved sleep. Given the global mask market's projected growth to USD 18.6 Million, there is a promising financial incentive behind this venture. Your expertise in the health sector positions you well to advocate for the benefits of quality sleep, utilizing data-driven insights to enhance your marketing strategies.
With relatively low barriers to entry and minimal upfront investment required, you could easily start this side business while maintaining your current career. Eye masks can be sourced in bulk from wholesalers, or you might decide to innovate by creating your own designs tailored to the sleep needs identified through your health informatics knowledge. Sales and customer outreach through social media platforms like Facebook and Instagram can help you reach a broad audience, allowing you to supplement your income while contributing to the wellness of your customers.
How much you can make: $800,000/month
How long does it take to build: 730 days (?)
Manta Sleep has successfully raised $700,000+ through crowdfunding campaigns for their unique, 100% blackout sleep mask designed for light sleepers and aims to empower people to sleep better so they can do more.
29. Start an AI based customer support business
As a health informatics specialist, starting an AI-based customer support business could be an excellent way to leverage your expertise in managing and interpreting healthcare data. With your background, you could design AI-driven systems tailored to handle patient inquiries, provide real-time support for healthcare providers, and manage administrative tasks, thereby improving the efficiency and accuracy of customer interactions in medical settings.
Furthermore, your deep understanding of healthcare regulations and data privacy laws ensures that your AI systems are compliant, safeguarding patient information while providing top-notch support. This venture not only supplements your income but also positions you at the forefront of integrating cutting-edge technology into healthcare, facilitating a smoother, more efficient operational environment within medical practices.
How much you can make: $25,000/month
How much does it cost to start: $99 (?)
How long does it take to build: 14 days (?)
Case study of a co-founder's journey from finance to tech entrepreneur, successfully launching a revolutionary AI chatbot for customer support that earns $25k/mo, with impressive margins and a 3% conversion rate drawing customers away from bigger competitors.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.