30 Business Ideas For IT Procurement 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 30 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. Digital products ($261K/month)
As an IT procurement specialist, you could leverage your expertise to create and sell digital products, such as guides on procurement best practices or custom software tools designed to streamline purchasing processes. The knowledge you have gained from years of negotiating with vendors, evaluating software, and managing contracts could translate into valuable information-based products like ebooks, online courses, or webinars.
Digital products are a fantastic business opportunity because they are relatively easy to create and distribute, with no need for physical inventory. You could also consider building a subscription-based platform offering exclusive content and community support for fellow procurement professionals seeking to enhance their skills. By tapping into the growing market for digital products, you could supplement your income or even transition into a full-time entrepreneurial career.
How much you can make: $10,417 — $1,766,666/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 60 days (?)
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.
2. Start a mobile app development business ($141K/month)
As an IT procurement specialist, you already possess a strong foundation in technology and an understanding of software systems, which uniquely positions you to excel in the mobile app development arena. By leveraging your existing technical skills and industry knowledge, you could create high-quality mobile applications that cater to a variety of needs, such as productivity tools or social networking platforms. This not only allows you to tap into a rapidly growing market but also provides an opportunity to supplement your income through a side business or even transition to a full-time entrepreneurial venture.
Furthermore, your experience in procurement could give you an edge in managing resources, negotiating contracts, and understanding market demands—key elements for a successful mobile app business. By combining these skills with effective marketing strategies, you could attract a diverse clientele and offer innovative mobile solutions to meet their specific needs. This entrepreneurial pursuit could not only diversify your income streams but also enrich your professional journey by expanding your expertise in the ever-evolving tech industry.
How much you can make: $6,000 — $700,000/month
How long does it take to build: 120 days (?)
This case study features Md. Yousuf Ali, the founder of Rank Trends, who shares how he started a successful digital marketing agency, which generated a revenue of over $6k per month through SEO and video production services.
3. Start an AI-based business ($27.9K/month)
If you're an IT procurement specialist looking to supplement your income or start a new venture, diving into an AI-based business could be a lucrative opportunity. By leveraging your existing knowledge of technology and procurement, you could develop AI-driven solutions that optimize procurement processes, such as platforms that use machine learning to predict supply chain disruptions or automate vendor selection. This not only addresses real-world inefficiencies but also positions you to lead in this emerging tech landscape.
The appeal of an AI-based business for someone in your position is clear: you could help businesses operate more efficiently, reduce costs, and drive innovation. Considering your expertise, you might also explore creating AI tools that provide actionable insights into procurement data, aiding businesses in making more informed decisions. Taking the plunge into AI not only aligns with your tech-savvy mindset but could also place you at the forefront of the next major technological advancement.
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.
4. Start a micro saas ($82.9K/month)
As an IT procurement specialist, you could leverage your deep understanding of enterprise software and supplier relationships to start a micro-SaaS business that addresses specific pain points in your industry. For instance, you could develop a niche application that automates vendor evaluation, streamlines purchase orders, or enhances contract management. This strategy allows you to deliver highly customized solutions catering explicitly to the needs of procurement departments, setting your offering apart from broader SaaS products.
By focusing on a targeted market and utilizing your existing industry knowledge, you could build a micro-SaaS platform that fosters strong customer relationships and adapts to their evolving needs. The in-depth insights you've gained from everyday interactions with suppliers and internal teams provide a unique advantage for pinpointing distinctive problems and crafting precise solutions.
Moreover, prioritizing customer feedback from your user base will help refine your product and ensure its long-term success, positioning your micro SaaS as an indispensable tool within the IT procurement sector. This targeted, niche approach can eventually enable you to supplement your income, generate extra revenue, and potentially scale into a full-fledged business.
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.
5. Start a b2b lead generation service ($172K/month)
Starting a B2B lead generation service could be a lucrative and strategic way for you, as an IT procurement specialist, to supplement your income or establish an entirely new business. Your expertise in vendor negotiations, sourcing high-quality tech solutions, and understanding business needs uniquely positions you to identify and cultivate valuable leads for other companies. You could leverage your existing network and knowledge of market trends to provide high-demand services that help businesses connect with critical partners and clients.
With a blend of research, cold outreach, and tech tools, you could build a robust pipeline of prospective clients for various companies, thereby adding immense value to their growth efforts. By tapping into the constant demand for quality leads and utilizing your skills in sales and relationship-building, you could create a scalable business with enduring appeal in the competitive B2B landscape.
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.
6. Start a two sided marketplace ($20.3K/month)
As an IT procurement specialist, you could leverage your industry expertise to create a two-sided marketplace specifically for IT products and services. By connecting IT vendors with organizations looking for specialized equipment or software, you could carve out a niche platform that addresses the unique needs and pain points of both parties.
Your deep understanding of procurement processes would help ensure a seamless user experience, enabling efficient transactions and fostering trust on the platform. Additionally, you could monetize by charging transaction fees, offering premium features, or through vendor subscriptions, making it a viable side business or even a full-time venture.
With careful planning, effective user acquisition strategies, and continuous platform improvements, your marketplace could grow exponentially, driven by the increasing network of IT buyers and suppliers. This model not only supplements your income but also positions you as an industry innovator, transforming procurement into a more streamlined and interactive process.
How much you can make: $100 — $100,000/month
How long does it take to build: 150 days (?)
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.
7. Start an email app business ($64.6K/month)
As an IT procurement specialist, launching an email app business could be a lucrative venture that leverages your deep understanding of software systems and market demands. You could develop an application designed to streamline email management through intelligent filtering, prioritization, and AI-driven responses, addressing the persistent issue of cluttered inboxes.
Your expertise in evaluating and sourcing cutting-edge technology places you in an ideal position to pinpoint key features that will differentiate your product from established competitors like Gmail and Outlook. By creating a user-friendly platform tailored for efficient communication, you could meet a significant need in today's digital world and capture substantial market share. This side business could not only supplement your income but also position you as a leader in the rapidly growing sector of digital communication tools.
How much you can make: $21 — $400,000/month
How long does it take to build: 180 days (?)
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.
8. Start an ecommerce plugin ($23.4K/month)
As an IT procurement specialist, exploring the development of an e-commerce plugin could be a viable entrepreneurial venture. By leveraging your expertise in procuring the best technology solutions, you could create a plugin that caters to specific niches within the e-commerce space, addressing common pain points and enhancing overall efficiency. Your deep understanding of vendor management, combined with strong coding skills or partnerships with developers, will enable you to design a robust and valuable tool for online retailers.
Given the growing demand for e-commerce plugins, opportunities abound for solutions that help businesses streamline their operations, automate tasks, and integrate seamlessly with existing platforms. You could develop plugins that include advanced features such as enhanced shopping carts, secure payment gateways, or dynamic product catalogs. This venture offers a lucrative side business or potential full-time endeavor, allowing you to monetize your technical knowledge and industry experience while contributing to the evolving landscape of online commerce.
How much you can make: $117 — $54,999/month
How much does it cost to start: $6,000 (?)
How long does it take to build: 90 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.
9. Start a cloud management software ($129K/month)
As an IT procurement specialist, you could leverage your deep understanding of technology vendors and procurement processes to develop a cloud management software. In the fast-paced digital landscape, businesses are continuously seeking efficient ways to manage their cloud resources, from data storage to security compliance, making this a high-growth sector ripe for innovative solutions.
By creating robust and user-friendly cloud management tools, you could help organizations optimize their cloud infrastructure, saving them both time and resources. This venture taps into a significant market need across various industries, including healthcare and finance, providing a valuable service to companies transitioning to cloud-based operations. With your expertise in IT procurement, you're uniquely positioned to understand client needs and deliver a product that brings tangible benefits.
How much you can make: $25,000 — $330,000/month
How long does it take to build: 180 days (?)
Third Wave Analytics developed the world's first cloud-based and customizable LIMS platform on Salesforce, generating $330k monthly revenue from clients such as Ohio State University and Boston University School of Medicine while partnering with the University of California-Berkeley for a COVID-19 study; founder Savitra Sharma advises aspiring entrepreneurs to focus on clear objectives to meet their goals.
10. Start a SEO services ($87.4K/month)
As an IT procurement specialist, your keen understanding of technology and vendor relationships makes you well-suited to start an SEO services business. You could leverage your familiarity with various IT systems and software to effectively optimize website content, build quality backlinks, and conduct keyword research for clients. This venture aligns with your existing IT knowledge and can be started with minimal upfront investment, requiring just a computer, internet connection, and foundational SEO expertise.
You could offer your SEO services to small businesses aiming to improve their online presence, tapping into your professional network to generate initial clients. Given the overlap between your knowledge of technology procurement and the digital tools essential for SEO, you could rapidly become a trusted advisor in this space. Overall, starting an SEO services business could be a profitable and feasible way to supplement your income or even pivot into a new exciting career path.
How much you can make: $3,000 — $800,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
This case study describes the journey of Russell Michelson who, after leaving his corporate job, turned his WordPress skills into a thriving boutique SEO agency earning $20k/month, thanks to client referrals and Upwork.
11. Start a social media advertising specialist business ($106K/month)
As an IT procurement specialist, you already possess a keen understanding of assessing value and negotiating deals, skills that are highly transferable to becoming a social media advertising specialist. You could leverage your analytical abilities to design data-driven advertising campaigns on platforms like Instagram, Facebook, Twitter, and TikTok, ensuring maximum ROI for clients. Furthermore, your experience in vendor management could be invaluable in negotiating ad placements and partnerships effectively.
Starting a social media advertising specialist side business would allow you to supplement your income by tapping into a rapidly growing market that needs experts in targeted promotions. You could focus on small and medium-sized enterprises that require strategic advice to improve their online presence and customer engagement. By mastering essential concepts in modern social media marketing and developing a unique advertising plan, you could position yourself as a sought-after consultant while gradually growing your client base.
Overall, your IT procurement background provides a solid foundation for excelling in social media advertising, giving you a competitive edge in creating efficient and impactful campaigns. This business venture could be a lucrative side gig or even evolve into a full-time enterprise, diversifying your professional skill set and income streams.
How much you can make: $10,000 — $500,000/month
How much does it cost to start: $350 (?)
How long does it take to build: 60 days (?)
This case study follows Kelsey Chance and her creative agency, Good Chance Creative, which specializes in social media content creation, and in just 3 years she has grown her one-woman business to make $20,000 in monthly revenue through a niche in small in-house marketing teams and start-ups managing their social content, with key services including lifestyle brand photography, social media account management, copywriting, and eCommerce strategy consulting.
12. Start a data mining and analytics tools business ($237K/month)
As an IT procurement specialist, you could leverage your knowledge of procurement processes and market dynamics to develop a data mining and analytics tools business. This venture would focus on creating software that extracts, processes, and analyzes vast amounts of data to uncover patterns, trends, and actionable insights—valuable across industries like finance, healthcare, and retail.
With the demand for data-driven decision-making on the rise, your expertise could help businesses make more strategic decisions, giving them a competitive edge. Your understanding of programming, statistics, and machine learning, combined with your procurement experience, positions you uniquely to create effective and innovative analytics solutions.
In essence, this business idea allows you to meld your technical skills with market insights, offering a fulfilling entrepreneurial opportunity to drive success and transformation in various industries.
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.
13. Start a customer intelligence analytics business ($107K/month)
Starting a customer intelligence analytics business could be a fantastic entrepreneurial venture for you as an IT procurement specialist. With your background in evaluating and acquiring technology solutions, you have a keen eye for data and an understanding of how to leverage software to meet business needs. By applying these skills, you could help businesses make sense of their customer data, driving improved decision-making and enhanced customer engagement.
Your ability to analyze data and communicate insights effectively would be invaluable in transforming raw data into actionable intelligence. This expertise places you in prime position to capitalize on the growing demand for customer analytics across all business sizes, from small enterprises to large corporations. As you help organizations understand their customers better, your services would be highly sought after, much like the market leader Verint, which generated $1.3B in revenue in 2022.
By launching a customer intelligence analytics business, not only could you generate supplemental income or pivot to a full-time venture, but you could also become a crucial partner in your clients' success, fostering long-term business relationships. The potential to impact businesses positively through smarter customer insights makes this an exciting and rewarding opportunity.
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.
14. Start a dog treat business course
As an IT procurement specialist, you possess a keen understanding of sourcing and vendor management, skills that are directly transferable to running a dog treat business. By taking a dog treat business course, you could leverage your expertise to source high-quality ingredients at competitive prices, ensuring that your products stand out in a burgeoning market.
The course covers canine nutrition, recipes, packaging, branding, and marketing, equipping you to create a unique product line tailored to various dietary needs and preferences. This venture could become a lucrative side business or even a main income source, allowing you to blend your passion for pets with entrepreneurial ambitions. With the rise in pet ownership and demand for premium pet products, your venture has a promising market waiting.
How much you can make: $33,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 45 days (?)
Kristin Larsen's Diva Dog Bakery program teaches students how to start their own successful dog treat bakery business that has consistently brought in five figures a month since launching in November 2020.
15. Start an online coworking platform ($85.6K/month)
As an IT procurement specialist, starting an online coworking platform could offer a lucrative opportunity to leverage your skills in negotiating and sourcing the best technology solutions. With remote work becoming the norm, your expertise can ensure that the platform provides top-notch collaboration and communication tools that cater to the specific needs of remote workers, freelancers, and entrepreneurs.
You could begin by developing a user-friendly website or app utilizing affordable resources and freelancers for development. Attracting users through free trials or low-cost memberships initially can help build a strong community and create a buzz about your platform. Over time, monetization strategies such as paid memberships, premium features, and partnerships with other businesses can generate additional income, making it a viable and profitable side business or potentially a full-time venture.
How much you can make: $2,000 — $250,000/month
How much does it cost to start: $1,200 (?)
How long does it take to build: 90 days (?)
SinOficina is an online coworking space for Spanish-speaking freelancers and entrepreneurs that generates $3,000 per month in revenue, which founder Bosco Soler built by sharing his journey with his audience, delegating tasks, collaborating with formidable people and using WordPress, Slack, Mailchimp, Airtable, Crowdcast, Zapier and Notion.
16. Start a hr solution business ($284K/month)
Starting an HR solutions business could be a logical next step for an IT procurement specialist. Your expertise in navigating software options, negotiating contracts, and understanding technical requirements can be invaluable in automating and optimizing human resource functions. By leveraging your procurement skills, you could help companies streamline essential HR processes, such as payroll, benefits administration, and employee onboarding.
Since you've likely cultivated a network of vendors and a nuanced understanding of enterprise needs, you could offer tailored HR solutions that align with specific business requirements. This venture could supplement your income or even evolve into a full-fledged business, allowing you to diversify your professional portfolio while solving critical inefficiencies in HR management.
Exploring different HR tools and technologies, you could specialize in areas that interest you most, from applicant tracking systems to employee engagement platforms. With your entrepreneurial mindset, tapping into the HR solutions market could offer both financial rewards and professional fulfillment.
How much you can make: $3,375 — $1,020,000/month
How long does it take to build: 80 days (?)
VC-turned-entrepreneur Phil Strazzulla, who previously built a successful b2b SaaS business, shares how he bootstrapped an online review site for HR software into a viable business with over $1k monthly revenues in just 3 months through organic search traffic growth and selling high intent leads.
17. Start a technology consulting business ($144K/month)
Starting a technology consulting business could be an excellent way to supplement your income as an IT procurement specialist. With your background, you have a deep understanding of the technology landscape and can leverage this to help businesses make informed decisions. Many startup owners lack an IT background, making your expertise invaluable for guiding them through tech-related challenges and trends.
By offering technology consulting services, you could connect businesses with experienced innovation advisors, helping them to solve critical enterprise issues and drive growth. Your skills in sourcing and implementing the right technologies align perfectly with what many companies need to stay competitive. This venture could potentially evolve from a side gig into a full-fledged business, providing you with diverse opportunities and financial rewards.
How much you can make: $150 — $1,200,000/month
How long does it take to build: 100 days (?)
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.
18. Start a lingerie business ($3.62K/month)
As an IT procurement specialist, you could leverage your expertise in vendor management and supply chain optimization to start a successful lingerie business. Your familiarity with negotiating contracts and assessing supplier reliability would be invaluable in sourcing quality lingerie products, ensuring both affordability and high standards. This could give you a competitive edge in providing customers with superior products that make them feel beautiful and confident.
Additionally, your analytical skills in researching market trends and competition could help you strategically choose the best locations for your lingerie store, such as busy strip malls. By combining your professional acumen with an entrepreneurial spirit, you could create a supplementary income stream and potentially transition into a completely new business venture.
How much you can make: $2,000 — $5,245/month
How much does it cost to start: $9,250 (?)
How long does it take to build: 120 days (?)
Love Lorn Lingerie started as a side hustle and now generates $1.9k per month in revenue through Etsy and local events, with plans to expand into wholesale and increase marketing efforts to eventually replace the founder's day job.
19. Start a consulting business ($104K/month)
As an IT procurement specialist, starting a consulting business could be a lucrative avenue to supplement your income or even transition into a full-time entrepreneurial venture. Leveraging your expertise in sourcing, vendor management, and cost optimization, you could provide invaluable insights to organizations seeking to enhance their procurement processes and achieve significant cost savings. Companies are always on the lookout for ways to streamline their operations, and your specialized knowledge could fill a critical gap in their strategic planning.
Given the booming consulting industry, currently valued at around $250 billion globally, this is an opportune time to enter the market. You could offer tailored consulting services that help clients navigate complex supplier negotiations, implement effective procurement software, and ensure compliance with industry standards. Reading about the journeys of other successful consultants can equip you with the strategies and inspiration needed to establish and grow your consulting business, making it a highly viable option for someone with your skill set.
How much you can make: $100 — $1,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.
20. Develop a design tool ($408K/month)
As an IT procurement specialist, you are uniquely positioned to understand both the technical and operational nuances required for a successful software launch. Leveraging your expertise, you could develop a design tool that simplifies the design process for various professionals, from marketers to web developers. This allows you to combine creativity with technology, offering a unique product that meets a growing demand for user-friendly design solutions.
The development of a user-friendly design tool could provide a lucrative side business or even a full-fledged entrepreneurial venture. Given your technical skills and market understanding, you could create a platform with essential features like template libraries, drag-and-drop functionality, and collaborative options for team projects. With the increasing demand for digital content, such a tool would be in high demand, allowing you to tap into a robust market while providing ongoing customer support to ensure continued satisfaction and usage.
How much you can make: $1,000 — $2,290,747/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 250 days (?)
Learn how two friends bootstrapped a SaaS business to $55k monthly recurring revenue (MRR) by creating a simple graphic design tool for non-designers and focusing on content marketing for customer acquisition.
21. Start a chrome extension building business ($77.5K/month)
As an IT procurement specialist, you could leverage your expertise to identify inefficiencies and gaps in the tools and processes currently used in your field, creating chrome extensions to address these issues. Whether it's developing extensions to automate repetitive tasks, streamline workflows, or improve data analysis, your deep understanding of procurement processes can help you identify valuable opportunities that others might overlook.
Starting a chrome extension building business is low-cost and manageable, making it an ideal side hustle or a foundation for a full-scale business. With numerous tutorials available online, you could gradually pick up the necessary programming skills (such as HTML, CSS, and JavaScript) to get started, or even collaborate with freelance developers if coding isn't your forte. Through advertising, subscriptions, or selling premium features, you could monetize your extensions and generate a steady stream of supplementary income.
How much you can make: $10 — $450,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 14 days (?)
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.
22. Start a golf video games development business
As an IT procurement specialist, you could leverage your technical expertise and industry connections to start a golf video games development business. Your understanding of software licensing, vendor relationships, and contract negotiations would be invaluable in securing the best technology and resources needed for game development.
Not only could this be an exciting way to combine your professional skills with a passion for gaming, but you could also tap into a lucrative and growing market. With the right team and tools, you could create engaging, high-quality golf video games that could attract both casual gamers and golf enthusiasts. This venture could supplement your income and potentially evolve into a full-fledged business.
23. Start a sushi stand business
If you're an IT procurement specialist with an entrepreneurial spirit, starting a sushi stand business could be an enticing way to supplement your income. Leveraging your experience in sourcing and managing supplier relationships, you could efficiently procure fresh ingredients at competitive prices, ensuring high-quality sushi for your customers.
The compact and high-turnover nature of a sushi stand fits well with your knack for optimizing processes and finding the best deals. Positioning your stand in bustling city spots or local markets could harness the vibrant street food culture, drawing regular foot traffic and creating a loyal customer base. This venture not only allows you to explore a passion for culinary arts but also presents a profitable side business opportunity.
How much you can make: $1,800,000/month
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.
24. Start a green business
As an IT procurement specialist, you could leverage your industry expertise to start a green business that focuses on eco-friendly technology solutions. By offering products and services such as energy-efficient hardware, sustainable software options, or even consulting services on reducing e-waste, you could cater to the growing demand for environmentally responsible IT practices. This would not only supplement your income but also position you as a leader in the emerging green tech market.
With rising global awareness and changes in consumer preferences, the demand for green products and services is booming. Additionally, your background in procurement provides you with a unique skill set for sourcing sustainable and ethical IT products, setting your business apart from competitors. Not only would you be making a positive environmental impact, but you'd also be tapping into a lucrative and rapidly growing industry.
How much you can make: $15,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 120 days (?)
The Green Collective, a New Zealand-based eco-friendly product company, started with reusable Goodie Bags in 2014 and has grown to six complementary product lines, with turnover fluctuating up to $15,000 per month, selling to over 115 stockists and an e-commerce website, while maintaining its focus on sustainability and craftsmanship.
25. Become a software developer ($51.7K/month)
As an IT procurement specialist, leveraging your intricate knowledge of software needs and market trends could uniquely position you to start a successful software development business. Your familiarity with vendor management, negotiation, and understanding of tech stacks provides a solid foundation for identifying in-demand software solutions.
The current trends towards mobile apps and cloud-based solutions present ripe opportunities for developing specialized software that meets clients' evolving requirements. You could complement your procurement expertise with strong technical skills in programming to design, test, and oversee software projects, ultimately positioning yourself at the forefront of a lucrative industry where the average salary for software developers is $110,140.
How much you can make: $500 — $350,000/month
How long does it take to build: 100 days (?)
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.
26. Start a social media marketing service ($100K/month)
As an IT procurement specialist, you possess a valuable blend of technical expertise and strategic insight, which can be pivotal in starting a social media marketing service. By leveraging your understanding of market trends and vendor management, you could offer businesses an edge in enhancing their online visibility and engagement. Your ability to analyze data and metrics aligns perfectly with tracking social media performance, making your campaigns more targeted and effective.
You could start this venture as a side business, allowing for flexible work hours while you build a client base. Over time, your adeptness at creating and managing content on platforms like Facebook, Instagram, and LinkedIn could position you as an indispensable asset to companies looking to bolster their digital presence. This not only supplements your income but also opens doors for potential recurring revenue streams, ensuring a blend of stability and growth.
Ultimately, this business idea taps into your existing skill set, allowing you to diversify and innovate within the expanding realm of digital marketing.
How much you can make: $3,000 — $800,000/month
How much does it cost to start: $1,380 (?)
How long does it take to build: 60 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
27. Start an email unsubscribing service ($13.3K/month)
As an IT procurement specialist, you could leverage your expertise to develop and operate an email unsubscribing service. This service would allow users to link their email accounts to your platform, which would then automatically unsubscribe them from unwanted newsletters and mailing lists. By doing so, every user could enjoy a decluttered inbox, saving valuable time and reducing stress, effectively addressing a widespread problem in the digital age.
With your background in IT procurement, you're adept at identifying effective software solutions and managing vendor relationships, skills crucial for setting up a streamlined algorithm and creating a user-friendly interface. Additionally, your knowledge of market trends would be instrumental in promoting this service to both individual users and businesses dealing with overwhelming volumes of digital correspondence.
Starting an email unsubscribing service is a low-barrier opportunity that capitalizes on the increasing need for efficient digital management tools. It's a scalable business idea that requires minimal initial investment and offers the potential for recurring revenue, making it an attractive venture for entrepreneurially-minded IT procurement specialists.
How much you can make: $21 — $30,000/month
How long does it take to build: 90 days (?)
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.
28. Start a bathrobe business
As an IT procurement specialist, you could leverage your skills in supplier management and cost optimization to efficiently source high-quality materials and establish relationships with reliable manufacturers for your bathrobe business. Your expertise in negotiating contracts and ensuring supply chain efficiency would be invaluable in keeping costs down while maintaining product quality. This hands-on venture could not only supplement your income but also allow you to explore a different industry that caters to the growing demand for luxury and comfort.
By conducting market research, a familiar task in procurement, you could identify the latest trends and preferences in bathrobe fabrics and styles, ensuring your product lineup meets consumer demands. The satisfaction of helping people indulge in self-care with comfortable, stylish bathrobes could be a rewarding side project or even a full-time business. Embrace the opportunity to convert your procurement skills into a profitable venture in the ever-evolving self-care market.
How much you can make: $10,000/month
How much does it cost to start: $7,000 (?)
Highway Robery is a sustainable robe company in Austin, Texas, producing colorful, all-inclusive, gender-neutral robes in the USA, having increased their sales up 49% YoY as of May 31, 2019.
29. Start a tech support business ($158K/month)
As an IT procurement specialist, leveraging your extensive understanding of technology and procurement processes to start a tech support business could be a strategic and lucrative move. Your existing knowledge of the latest technological trends, combined with your procurement skills, positions you uniquely to troubleshoot and advise on a wide array of tech issues that individuals and businesses face.
You could supplement your income by offering personalized tech support, capitalizing on your ability to identify and resolve hardware-software conflicts, set up efficient workflows, and optimize technology use for your clients. Moreover, by emphasizing exceptional customer service and building a solid knowledge base, you could build a loyal clientele and potentially grow your side hustle into a fully-fledged business.
Staying current with the latest tech advancements will ensure you provide top-tier support and maintain a competitive edge, making your services indispensable to your customers.
How much you can make: $150 — $1,500,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 90 days (?)
WP-OK offers unlimited WordPress support services designed for serious website owners, boasting a team of four WordPress experts who have provided support for over 2800 tickets and 200+ customers since their launch in 2015, attributing their growth to strategies such as podcasts, Google ads, chatbots, and content marketing.
30. Start a clothing blog
As an IT procurement specialist, you could leverage your eye for detail and analytical skills to create a successful clothing blog. Your knack for market research and supplier assessments could help you identify and discuss emerging fashion trends, giving your blog a unique edge.
By curating insightful articles and reviews, you can attract an audience eager for informed fashion advice. Utilizing your skills in data analysis and SEO, you could optimize your blog to reach a broader audience, potentially turning it into a profitable side business. This venture can not only supplement your income but also allow you to explore and monetize a personal passion.
How much you can make: $6,000/month
The Kavalier started as a YouTube channel in 2015 delivering honest and approachable reviews on men's fashion brands, growing to 57k subscribers, 500 videos, and earning $7k per month in revenue, providing helpful, in-depth recommendations by category with a YouTube strategy focused on standing out and niching down.
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.
