25 Business Ideas For IT Vendor Managers [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 25 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 a mobile app development business ($141K/month)

As an IT vendor manager, leveraging your existing technical expertise and industry connections to start a mobile app development business could be a seamless transition. Mobile app development is a booming sector, driven by businesses' increasing need to connect with customers through user-friendly and innovative applications. With your understanding of the latest software trends and vendor management skills, you could build a reputable app development company, catering to diverse sectors like productivity tools, social apps, or game development.

Your experience in managing vendor relationships and understanding client requirements would provide a unique edge in ensuring that your apps not only meet but exceed client expectations. Moreover, the ability to tap into an established network of vendors and tech professionals could help you assemble a strong development team, streamline the app creation process, and quickly bring high-quality products to market. This endeavor could supplement your income or evolve into a thriving full-time business, offering robust solutions in a rapidly growing digital landscape.

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

As an IT vendor manager, you could leverage your industry expertise and relationships to start an AI-based business that addresses specific pain points within IT procurement and vendor management. By developing AI-driven tools, you could streamline vendor evaluation processes, optimize contract negotiations, or automate routine administrative tasks, thereby enhancing overall efficiency and reducing operational costs.

Moreover, you could venture into creating predictive analytics platforms that help businesses forecast their IT needs and budget more accurately, which could lead to smarter decision-making and resource allocation. With your unique insights and experience, you have the potential to be at the forefront of integrating AI into the IT vendor management industry, revolutionizing how businesses interact with their vendors and manage their IT assets.

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

As an IT vendor manager, you could leverage your deep industry knowledge to create a two-sided marketplace that directly connects IT service providers with companies seeking their expertise. Imagine a platform where businesses can easily find vetted IT vendors for specific needs, such as cloud services, cybersecurity, or software development, while enabling vendors to showcase their unique offerings and client testimonials.

This type of marketplace would allow you to capitalize on the existing demand for specialized IT services and utilize your network to attract quality vendors. By ensuring a seamless user experience, verifying vendors, and facilitating smooth transactions, you could create a valuable resource for both sides of the market. This venture could supplement your income significantly or even become a full-fledged business as the platform scales and network effects increase its value.

4. Start a b2b lead generation service ($172K/month)

As an IT vendor manager, you could leverage your deep knowledge of technology products and services to start a B2B lead generation service. Given your expertise in relationship-building, vendor negotiation, and understanding of market trends, you are well-positioned to identify high-quality leads and foster potential deals for other businesses.

In this role, you could utilize your skills in research, data analysis, and cold outreach to build a robust pipeline of prospective clients—a task many companies find daunting but essential for growth. The constant demand for fresh leads across various industries means your B2B lead generation service could provide a steady income stream or even evolve into a full-time business.

If you're entrepreneurial-minded, this venture could be both financially rewarding and impactful, enabling you to capitalize on the high demand for effective lead generation in today's business landscape. The scalability of this service makes it an attractive option for those looking to make significant strides in their professional journey.

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

Starting a micro SaaS business would make sense as an IT vendor manager because you'll have firsthand experience and insights into the specific pain points and unmet needs within the IT vendor management space. By leveraging this industry knowledge, you could develop targeted software solutions that address these niche problems, setting you apart from broader SaaS offerings.

This approach not only ensures that your offerings are highly customized but also fosters stronger relationships with your customer base. As you continue to grow your micro SaaS, you could leverage customer feedback to continually refine and improve your product, ensuring its long-term success and relevance in the market.

Starting a micro SaaS business could be a game-changer, offering an excellent opportunity to supplement your income or even establish a fully-fledged business. By addressing specific challenges faced by IT vendor managers, you could create invaluable tools and solutions, carving a unique position in the market.

6. Start a social media automation business ($139K/month)

As an IT vendor manager, you could leverage your expertise in technology and project management to start a social media automation business. By creating or integrating tools that schedule posts, automate interactions, and analyze data across multiple platforms, you could effectively address the growing demand for seamless social media engagement. This business allows you to utilize your tech-savvy skills while tapping into the thriving digital marketing industry.

Your clients, ranging from small businesses to influencers, could benefit significantly from your services as you help them save time and enhance their social media presence. Additionally, your experience in vendor management would be invaluable in building and maintaining relationships with clients, ensuring tailored and efficient solutions. This venture offers the perfect opportunity to supplement your income or even transition into a new full-time entrepreneurial endeavor.

7. Start a consulting business ($147K/month)

Starting a consulting business could be a lucrative opportunity for an IT vendor manager looking to supplement their income or build a new revenue stream. With extensive experience managing vendor relationships, negotiating contracts, and ensuring successful technology deployments, you possess valuable insights that other companies are willing to pay for.

You could offer consulting services to businesses needing guidance on vendor selection, contract negotiation strategies, and optimizing vendor performance. As the global consulting industry continues to grow, with an accumulated value of about $250B, your specialized expertise is in high demand.

By leveraging your industry knowledge and professional network, you could establish a successful consulting business that provides tailored solutions to clients facing similar challenges in vendor management.

8. Start a marketing coaching business ($69.6K/month)

As an IT vendor manager, you possess a wealth of strategic and analytical skills that can seamlessly translate into a successful marketing coaching business. You could leverage your experience in managing vendor relationships and contract negotiations to help companies sharpen their messaging, refine their strategies, and amplify their voices. Your ability to identify key performance indicators and market trends would be invaluable in guiding businesses to develop tailored marketing plans that resonate with their target audiences.

With no need for a large upfront investment, you could start this venture by offering one-on-one coaching sessions, group workshops, or even online courses. Your role in analyzing market trends and crafting compelling content could provide actionable insights that drive business growth. Imagine transforming your marketing expertise into a profitable and rewarding business, all while empowering others to achieve their goals.

If you're passionate about marketing and helping others succeed, starting a marketing coaching business could be a highly fulfilling extension of your current career.

9. Start a sales automation platform ($160K/month)

As an IT vendor manager, you could leverage your expertise to start a sales automation platform. This business idea involves developing software that streamlines various sales processes—such as lead generation and follow-ups—allowing businesses to save valuable time and increase efficiency. By minimizing errors and reducing the burden of administrative tasks, your solution could help businesses focus more on closing deals.

Given your background, you could easily understand the technical requirements and sales strategies needed to create a tool that adds significant value. The growing demand for efficiency and digital transformation makes this an opportune time to dive into this venture. A sales automation platform could not only supplement your income but also position you as a key player in the fast-paced, tech-driven business world.

10. Start a customize products marketplace

As an IT vendor manager, you could leverage your expertise in managing vendor relations and technical infrastructure to start a customized products marketplace. Your keen understanding of vendor management will allow you to effectively curate a network of talented artisans and manufacturers, ensuring a seamless process from product customization to delivery.

The distinctiveness of this marketplace lies in its ability to offer truly personal experiences, which appeals to modern shoppers seeking unique, tailor-made items. By integrating tech solutions for a smooth customer interface and utilizing your vendor management skills, you could build a compelling platform that not only sells products but also tells stories through each bespoke item.

This venture is scalable and creative, requiring a solid grasp of trend analysis and quality control—areas where your current expertise would be invaluable. Ultimately, it provides an excellent opportunity for you to supplement your income or even pivot into a full-fledged business, tapping into the growing demand for personalized, one-of-a-kind products.

11. Become a data recovery provider ($9K/month)

As an IT vendor manager, you could leverage your extensive network and industry insight to venture into the lucrative field of data recovery provision. With businesses increasingly reliant on digital platforms, the demand for data recovery services is soaring, and your existing problem-solving skills and IT proficiency make this a natural extension of your expertise.

Starting a data recovery business could not only supplement your income but also position you as a critical resource for businesses and individuals in need. By capitalizing on the relatively low competition and the high-stakes nature of data recovery, you could establish a strong brand presence. Additionally, numerous online training courses and certifications can swiftly equip you with the specialized skills required, making this a compelling entrepreneurial opportunity.

12. Start a management consulting business ($182K/month)

As an IT vendor manager, you have a deep understanding of vendor relationships, contract negotiations, and performance metrics, making a transition into management consulting a natural progression. In a management consulting business, you could leverage your specialized skills to offer organizations strategic advice on optimizing their vendor operations to drive efficiency and reduce costs. Your experience would enable you to identify areas for improvement and suggest actionable recommendations.

Moreover, venturing into management consulting could supplement your income and provide flexibility in your career. You could choose to work as an independent consultant, allowing you to handle multiple clients and projects, or offer your expertise on a contractual basis for added stability. This entrepreneurial path not only diversifies your professional portfolio but also positions you as a valuable resource for firms seeking to enhance their vendor management strategies.

13. Start a game development business ($226K/month)

As an IT vendor manager, your experience in coordinating and managing technical projects could provide a strong foundation for starting a game development business. Leveraging your knowledge of vendor negotiations and project management, you could assemble a team of talented developers, artists, and storytellers to create immersive and engaging video games. The demand for video games is ever-growing, which presents a significant opportunity to turn a creative idea into a commercial success.

In such a role, you could oversee all facets of the game development cycle, from initial concept to final launch, ensuring that each component aligns with both creative vision and technical requirements. Additionally, your background in vendor management could be invaluable for sourcing the right tools and technologies needed for game development. By combining your project management skills with a passion for storytelling and innovation, you could create games that capture the imaginations of players worldwide.

14. Start a social media advertising specialist business ($106K/month)

As an IT vendor manager, starting a social media advertising specialist business could be a natural extension of your existing skill set and professional network. Your experience with managing vendor relationships and understanding technology solutions positions you well to identify innovative ways to leverage social media platforms like Instagram, Facebook, Twitter, and TikTok to promote products or services.

You could use your analytical skills to design targeted advertising plans that optimize reach and engagement, helping businesses attract new customers while maintaining strong connections with existing ones. By building on your expertise and expanding into the realm of social media marketing, you could supplement your income or even transition into a thriving side business or full-time venture.

15. Start an auto stereo installation business

Starting an auto stereo installation business could be a lucrative side venture for an IT vendor manager who has technical skills and enjoys hands-on work. With your expertise in managing technology vendors and understanding complex systems, you could seamlessly transition into the intricate tasks involved in installing audio systems in vehicles. Additionally, your ability to source and negotiate with vendors could ensure you get the best deals on high-quality equipment and pass savings on to your customers.

This business could also offer flexibility, allowing you to schedule installations around your regular job. You could start offering services to friends and family before expanding to a broader customer base, leveraging online marketing to grow your client list. By tapping into the growing demand for custom car audio installations, you could generate a substantial supplemental income or eventually turn this side gig into a full-time enterprise.

16. Start an energy storage business

As an IT vendor manager, you could leverage your expertise in technology and vendor relationships to venture into the energy storage business. This industry is growing rapidly due to the increasing demand for renewable energy solutions and the need for efficient energy management. Your ability to manage projects, negotiate with suppliers, and understand technological integrations would be highly advantageous.

You could start by focusing on the procurement and distribution of energy storage systems, working with manufacturers to bring innovative solutions to market. Additionally, your skills in vendor management could help you establish strong partnerships with key players in the energy sector, facilitating the smooth operation and expansion of your business. This side business could not only supplement your income but also position you at the forefront of a sector crucial to sustainable development.

17. Start a sports nutrition business ($110K/month)

As an IT vendor manager, you could leverage your expertise in supplier relations and contract negotiations to start a sports nutrition business efficiently. By identifying reliable suppliers or wholesalers for products like protein powders, energy bars, and vitamins, you could ensure competitive pricing and quality for your offerings.

Furthermore, your experience with project management could be useful in creating and maintaining an e-commerce website or managing sales on popular platforms. Promoting your sports nutrition business through social media, local fitness events, and personalized nutrition advice could diversify your income streams and allow you to tap into the thriving market of athletes and fitness enthusiasts, all while utilizing skills you already possess.

18. Start an investment training business ($113K/month)

Starting an investment training business would make sense as an IT vendor manager because your role already involves a deep understanding of market dynamics, business operations, and strategic planning. You could leverage these skills to help individuals demystify the world of finance and invest wisely. The growing demand for financial literacy means that many people are eager to learn effective investment strategies and make informed decisions.

You could offer a variety of formats to cater to different learning styles, such as online courses, webinars, and one-on-one coaching. This flexibility allows you to reach a broad audience and create multiple revenue streams. By focusing on creating comprehensive and accessible content, you can tap into this expanding market, whether it's through YouTube channels, podcasts, or specialized membership sites.

19. Start a skills training business ($94.8K/month)

As an IT vendor manager, you could leverage your extensive knowledge of software, systems, and vendor management to start a skills training business. You could help individuals and businesses learn essential skills such as IT procurement, vendor negotiations, and software implementation, all of which are crucial in today's tech-driven world. With a website-oriented online presence, you could reach a broader audience, providing valuable insights and training modules that cater to both beginners and professionals seeking to enhance their expertise.

This venture doesn't require significant upfront investment, making it an attractive side business or potential new career path. The global skills training market is booming, projected to reach $47.2 billion by 2027, offering ample opportunities for growth and financial independence. By building a solid portfolio and delivering high-quality training, you could command premium rates and achieve a fulfilling and lucrative entrepreneurial career.

20. Start a wood stove business

As an IT vendor manager, you could leverage your project management and vendor negotiation skills to start a successful wood stove business. Your experience in handling supplier relationships would be invaluable when sourcing quality materials and negotiating better deals with manufacturers. Additionally, your strategic planning skills could help you navigate market trends and customer demands effectively.

A wood stove business offers not only a source of supplemental income but also the possibility of tapping into a niche market that values sustainability and efficient home heating solutions. You could utilize your IT background to build an e-commerce platform, streamline operations, and implement robust inventory management systems. By combining your technical expertise with entrepreneurial zeal, you could turn your wood stove business into a profitable venture.

21. Start a marketing automation platform ($163K/month)

As an IT Vendor Manager, you could leverage your expertise to start a marketing automation platform that helps businesses streamline their marketing processes. Your deep knowledge of software solutions and vendor relationships positions you ideally to identify and integrate cutting-edge tools that automate repetitive tasks, generate leads, and personalize customer interactions.

By offering a specialized marketing automation service, you could cater to clients who need a more efficient way to manage their marketing workflows. This venture could serve as a profitable side business, or even grow into a fully-fledged enterprise, depending on your available time and resources.

22. Start a disaster management app business

As an IT vendor manager, you could leverage your expertise in technology and project management to develop a disaster management app. Your innate understanding of vendor systems and software solutions puts you in a unique position to identify critical features that businesses need to efficiently handle emergencies.

This side business could allow you to supplement your income by creating a solution that integrates seamlessly with existing IT infrastructures. Your ability to collaborate with vendors could streamline the app's development process, ensuring it meets industry standards and is competitively priced. With your background, you could offer a product that not only mitigates risks but also adds significant value to organizations looking to bolster their emergency preparedness.

23. Start a targeted game for wine lovers business

As an IT vendor manager, you could leverage your project management skills and vendor relationships to develop a targeted game for wine lovers. Your ability to manage complex projects, negotiate with vendors, and understand customer needs would be invaluable in creating a captivating and market-ready product. This side business could be an excellent way to capitalize on the growing interest in niche and experiential products, tapping into a passionate community of wine enthusiasts.

Additionally, your technical know-how could help you integrate features such as virtual wine tastings, educational modules about different wine regions, or partnerships with wineries. By offering a unique, high-quality experience, your targeted game could stand out in the market, offering you a lucrative and enjoyable supplement to your existing career.

24. Start a virtual events business ($185K/month)

As an IT vendor manager, you have a unique vantage point that could be leveraged effectively to start a virtual events business. With your existing knowledge of technology, vendor management, and relationship-building, you could seamlessly transition into planning, organizing, and coordinating virtual events for corporate clients. The experience you've gained in evaluating and negotiating with vendors can be directly applied to selecting and managing virtual event platforms, ensuring that you provide high-quality, reliable services to your clients.

With the rise in virtual events following the 2020 global pandemic, there's a sustained and growing demand for online engagements in both corporate and entertainment sectors. This trend presents a lucrative opportunity to supplement your income by offering creative, technology-driven solutions that make virtual events unique and memorable. As someone familiar with the intricacies of IT systems and management, you could excel in this space by providing seamless, tech-savvy experiences that meet the evolving needs of modern businesses.

25. Become a window manufacturer

As an IT vendor manager, you could leverage your skills in vendor management, procurement, and negotiation to start a window manufacturing business. Your experience in managing relationships with various vendors can be instrumental in sourcing high-quality materials and negotiating favorable terms with suppliers. Additionally, your familiarity with project management and coordination could streamline the production process, ensuring efficiency and quality control in the manufacturing facility.

Further, your ability to build and manage teams would be invaluable in assembling a skilled workforce for production and a dedicated sales and marketing team to generate leads and close deals. You could harness the high and consistent demand for windows in both residential and commercial markets to drive profitability, emphasizing custom solutions that cater to specific customer needs. By applying your existing skills and industry knowledge to the window manufacturing business, you could create a lucrative side business or even pivot to a new and rewarding entrepreneurial venture.

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163 Million Dollar Solopreneur Business Ideas

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163 Million Dollar Solopreneur Business Ideas

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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163 Million Dollar Solopreneur Business Ideas

Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

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