23 Business Ideas For Natural Language Processing Engineers [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 23 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 an NLP engineer, you could leverage your expertise to develop innovative AI-driven solutions that address real-world problems. Whether it's creating advanced chatbots for customer service, sentiment analysis tools for market research, or sophisticated language translation software, your AI-based business could fill niche gaps in various industries. This entrepreneurial venture could not only supplement your income but also position you as a thought leader in the rapidly growing field of AI and NLP.
Beyond generating additional revenue, starting an AI-based business allows you to apply cutting-edge technologies to practical applications, thereby enhancing your professional portfolio. By identifying unique business opportunities and offering tailored NLP solutions, you could scale your side project into a fully-fledged business, capitalizing on the increasing demand for AI-driven innovations.
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 an AI SaaS business ($39.3K/month)
As an NLP engineer, starting an AI SaaS business offers a pragmatic and lucrative avenue to supplement your income or even pivot to a full-fledged entrepreneurial venture. You could leverage your existing expertise to develop cloud-based software solutions powered by advanced AI that businesses from various sectors can subscribe to, eliminating their need to build these technologies in-house.
The landscape offers a multitude of opportunities, from creating natural language processing tools to innovating predictive analytics applications. The demand for such technologies is burgeoning, and your background in NLP places you at a strategic advantage to cater to this market effectively. With your technical skills and a keen understanding of industry needs, launching an AI SaaS business could not only amplify your income but also establish a scalable and thriving enterprise.
How much you can make: $150 — $200,000/month
How much does it cost to start: $2,750 (?)
How long does it take to build: 20 days (?)
NotionForms, a SaaS company offering a form builder integration to Notion, boasts an impressive total of 26k users, 850 paid subscribers, and an ARR of $182k, with steady growth since its launch and being used internally by many huge tech companies.
3. Start an ai platform ($402K/month)
As a Natural Language Processing (NLP) engineer, you could leverage your expertise to start an AI platform that offers tools and frameworks for seamless AI integration. Such a platform would cater to businesses eager to adopt AI technologies but lacking the in-house expertise to implement them. Imagine the possibilities of providing ready-made solutions for data analysis, machine learning models, and process automation, allowing organizations to optimize operations and make informed decisions effortlessly.
The demand for AI is rapidly increasing, and your platform could be the key to bridging the gap between businesses’ needs and their technical capabilities. By offering a plug-and-play solution, you can minimize the barriers other companies face in adopting AI technologies, making it an enticing venture both in terms of growth potential and impact. This endeavor will require a robust foundation in AI and software development, but the rewards for innovative thinking and execution could be substantial.
How much you can make: $5,000 — $3,000,000/month
How long does it take to build: 150 days (?)
A founder shares how he built AudioPen.ai, a tool that transcribes voice notes, generating $15,000 monthly with minimal costs and no paid marketing, highlighting the importance of focusing on the product, word of mouth, and personal communication with users for sustainable growth.
4. Start a data mining and analytics tools business ($237K/month)
As an NLP engineer, you could leverage your expertise in transforming raw data into actionable insights by developing sophisticated data mining and analytics tools. Imagine creating software that extracts, processes, and analyzes vast amounts of data to uncover valuable patterns, trends, and insights. This could be particularly beneficial in key industries like finance, healthcare, and retail where data-driven decision-making is becoming increasingly critical.
Getting started would require a strong foundation in programming, statistics, and machine learning, all areas where your background is already an asset. The market demand for innovative analytics solutions is skyrocketing, presenting you with a lucrative opportunity to supplement your income or even establish a side business. You could provide businesses with the intelligence needed to make better strategic decisions, driving their success and pioneering industry transformations.
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.
5. Start a customer intelligence analytics business ($107K/month)
As an NLP engineer, starting a customer intelligence analytics business could be a lucrative opportunity to supplement your income. With your expertise in natural language processing, you could help businesses unlock valuable insights from customer interaction data. By developing sophisticated algorithms to analyze customer feedback, chat logs, and social media interactions, you could provide actionable intelligence that helps companies enhance their customer experience and make data-driven decisions.
Given the growing demand for customer intelligence analytics, driven by leaders such as Verint achieving $1.3B in revenue in 2022, there's ample opportunity to capture market share. This could be especially beneficial for small businesses aiming to refine their marketing strategies or for larger enterprises looking to boost their customer retention rates. By leveraging your specialized skills, you could create a highly sought-after service that turns raw data into strategic gold for businesses of all sizes.
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.
6. Start a micro saas ($83.3K/month)
As an NLP engineer, starting a micro-SaaS business could be a highly rewarding way to supplement your income or even create a full-fledged side business. By focusing on niche markets, you have the opportunity to leverage your specialized skills to develop highly targeted software solutions aimed at solving specific language processing challenges unique to certain industries or user groups. This allows you to gain in-depth knowledge of your customers' specific needs, ensuring your product delivers highly customized solutions.
By addressing a distinctive problem, such as improving customer support automation or providing advanced text analytics for specialized fields, you can create a product that stands out from broader SaaS offerings. This targeted approach not only fosters a closer relationship with your customers but also enhances the precision and effectiveness of your solutions. Starting with a scalable platform and continuously refining your product based on customer feedback will be key to ensuring your micro-SaaS's long-term success.
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.
7. Start a content creation business ($80.3K/month)
Starting a content creation business as an NLP engineer could be an exciting and lucrative side venture. Your expertise with natural language processing allows you to provide data-driven insights and high-quality written content across various formats and subjects, elevating marketing campaigns with precision. For instance, you could utilize your NLP skills to generate optimized content that targets specific audiences and achieves client goals effectively.
You could offer your services on a freelance basis or start a full-service content studio, tapping into your ability to enhance brand stories and digital experiences with both creativity and strategic thinking. Whether you decide to support a single company or multiple clients, your unique combination of writing talent and technical expertise positions you to drive lead generation and improve visibility in today’s content-focused market. This personalized and data-driven approach offers you a competitive edge and the opportunity to supplement your income or even transition into a full-time entrepreneurial endeavor.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 75 days (?)
Power Move Marketing is an innovative digital marketing company founded by Hailey Brooke McFadden, which has achieved an impressive monthly income of $22,075 and is projected to make almost $300,000 in its first year, by offering a one-stop-shop for e-commerce businesses looking for a marketing powerhouse with a female positive culture.
8. Start an AI based content creation business ($19.3K/month)
For an NLP engineer, starting an AI-based content creation business opens a world of entrepreneurial possibilities. You could leverage your expertise to craft a platform that automates the generation of various types of content, from articles and social media posts to product descriptions, using advanced machine learning algorithms. This venture could optimize content marketing strategies for businesses by doing in minutes what would normally take hours of manual work, thus saving time and reducing costs.
Moreover, the market potential is expansive, as the demand for streamlined, smart content solutions is ever-growing. By creating an intuitive, keyword-driven system, you could help businesses maintain the organic feel and relevance of their content, eliminating much of the hassle and complexity of traditional content creation. It’s a unique opportunity to marry your technical skills with market needs, potentially transforming the way content is generated and consumed.
How much you can make: $1,000 — $100,000/month
How long does it take to build: 135 days (?)
Nichesss is an AI content generation tool that helps businesses and individuals write content quickly; founded by self-taught programmer Malcolm Tyson, the company has generated a monthly revenue of $30,000, with a user base consisting of copywriters, small businesses and marketing agencies.
9. Start a social media automation business ($139K/month)
As an NLP engineer, you could leverage your expertise to launch a social media automation business, capitalizing on the booming need for consistent and strategic engagement. With your skills, you could develop intelligent tools that schedule posts, automate interactions, and analyze data across various platforms, offering immense value to clients ranging from small businesses to influencers.
You could harness advanced NLP techniques to create personalized social media interactions and sentiment analysis tools, setting your services apart from the competition. By continually innovating and staying attuned to the latest social media trends, you could build a thriving business that saves clients time and enhances their online presence, all while supplementing your income or potentially growing into a full-fledged enterprise.
How much you can make: $4,000 — $400,000/month
How long does it take to build: 50 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.
10. Start a consulting business ($147K/month)
Starting a consulting business could be a lucrative side hustle or full-time venture for a Natural Language Processing (NLP) engineer. Given the rapid growth and significant market size of the global consulting industry, hovering around $250B, there's substantial demand for specialized NLP expertise. You could leverage your technical skills and knowledge to help companies implement NLP solutions, optimize their existing systems, or develop custom NLP applications tailored to their needs.
Moreover, by staying up-to-date with insights from successful industry experts and their entrepreneurial journeys, you could gain valuable strategies and tips to navigate this business landscape effectively. This entrepreneurial path not only supplements your income but also allows you to position yourself as a thought leader in the ever-evolving field of NLP technology.
How much you can make: $100 — $1,666,667/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.
11. Start a freelance marketplace business ($124K/month)
Starting a freelance marketplace business would make sense as a Natural Language Processing (NLP) engineer due to your unique skillset and familiarity with cutting-edge technology. You could leverage your expertise to create a niche platform that specifically caters to NLP projects, connecting businesses with skilled professionals who can tackle tasks like sentiment analysis, chatbot development, and text classification.
Given the rapid growth in the freelancing economy, particularly in tech fields, your platform could become a go-to resource for companies seeking specialized NLP talent. By combining your technical knowledge with an entrepreneurial mindset, you would be well-positioned to address the unique requirements of both clients and freelancers, ensuring a seamless user experience and reliable service delivery.
How much you can make: $100 — $500,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 90 days (?)
Flexiple is a customer-funded profitable business, generating $80K in gross monthly revenues on an average over the last 6-months, driven by their focus on connecting high-quality freelancers with companies looking for reliable and remote talent, while continuously iterating on their business model and expanding into complementary areas like tech hiring and content marketing.
12. Start an asteroid mining business
For a Natural Language Processing (NLP) engineer, venturing into asteroid mining could present an innovative and profitable business opportunity. You could leverage your expertise to develop advanced algorithms for analyzing data from space missions and improving autonomous navigation systems for spacecraft. Your skills in NLP could also be pivotal in parsing and optimizing communication between ground control and the mining bots, ensuring efficient operations.
Additionally, the need for robust data analysis is critical in asteroid mining to identify valuable minerals and celestial bodies. By creating AI-driven models that predict the likelihood of resource-rich asteroids, you could offer invaluable insights to your mining operations or even to other companies in need of such expertise. These technological advancements could position you at the forefront of this burgeoning industry.
13. Start a niche accessories brand ($196K/month)
As an NLP engineer, you could leverage your technical skills and creative problem-solving abilities to start a niche accessories brand, supplementing your income or even creating a substantial side business. Given the estimated $473.46 billion market for custom accessories, there's ample opportunity to carve out a unique space by targeting specific interests or demographics, such as tech-inspired jewelry or AI-themed apparel. The significant profit margins in this sector add further incentive.
You could set up a small Etsy store or utilize marketplace sites like Amazon, Facebook, or eBay to reach potential customers efficiently. Combining your expertise in NLP, you could enhance your marketing efforts by utilizing AI-driven tools for customer sentiment analysis, personalized recommendations, and automated customer service, giving you a competitive edge in customer engagement and satisfaction. This blend of creativity and technical prowess makes starting a niche accessories brand a practical and potentially lucrative venture for an entrepreneurial-minded NLP engineer.
How much you can make: $200 — $1,500,000/month
How much does it cost to start: $600 (?)
How long does it take to build: 75 days (?)
Two friends started an online book club that now has 570 members and generates £10,500 MRR, by addressing the problem of 'Tsundoku,' charging a monthly subscription fee for one non-fiction book, one inspiring meetup, and one custom cocktail, inspiring conversation and community.
14. Start a mobile photography business ($104K/month)
As an NLP engineer, you could leverage your technical expertise and analytical skills to create a successful mobile photography business, especially in today's image-driven market. The rise of social media and photo-sharing platforms provides a prime opportunity to capitalize on your photography talents. You could offer specialized services, such as event photography, destination shoots, or commercial ad campaign imagery, catering to the needs of various industries.
Transitioning into mobile photography as a side business would allow you to supplement your income while tapping into a growing market. Your attention to detail and ability to process vast amounts of data can be crucial for researching target audiences and determining the most lucrative areas of specialization. By investing in high-quality professional cameras, lenses, and photo-editing software, you could set yourself apart and deliver exceptional results that attract consistent clientele.
Overall, combining your engineering precision with creative photography skills could open new entrepreneurial avenues and satisfy your artistic passions simultaneously.
How much you can make: $2,000 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 190 days (?)
Photobooth Supply Co. offers a profitable business opportunity through their sleek and portable photo booths, with up to 97% satisfaction rate and a focus on customer experience, in a fast-growing event industry where photo booths are exploding.
15. Start a naturopathy clinic business
As an NLP engineer, you could leverage your technical skills and data-driven mindset to open a naturopathy clinic that offers personalized treatment plans based on client data and historical health insights. By integrating AI and machine learning techniques, you could analyze patient symptoms, lifestyle choices, and treatment outcomes to develop highly effective, individualized wellness programs. This data-centric approach could set your clinic apart in the alternative medicine industry, attracting a clientele that values both natural remedies and scientifically-backed results.
You could also create software tools to streamline clinic operations, making appointment scheduling, patient tracking, and treatment management efficient and user-friendly. Beyond operating a physical clinic, there's the possibility to develop a telehealth platform that provides remote consultations, broadening your reach and maximizing revenue streams. This side business could not only supplement your income but also allow you to utilize your NLP expertise in an entirely new and meaningful way, contributing to the well-being of your community.
16. Start an ecommerce management software ($536K/month)
As an NLP engineer, you could leverage your technical skills to develop an ecommerce management software that streamlines inventory, sales, and customer interactions for online retailers. By integrating advanced natural language processing capabilities, you could create a platform that offers enhanced customer support through chatbots, predictive analytics for inventory management, and personalized marketing strategies.
The growing demand for intuitive, automated solutions in the ecommerce space presents a ripe opportunity for entrepreneurial-minded professionals. Targeting both small businesses and larger enterprises, your software could significantly reduce operational errors and save time, making you an invaluable asset to online retailers. If you’re willing to invest the effort, this venture could not only supplement your income but also position you at the forefront of ecommerce innovation.
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.
17. Start an ecommerce management services ($597K/month)
As an NLP engineer, delving into ecommerce management services could open new avenues for you to supplement your income or even form the basis of a thriving side business. By leveraging your analytical skills and expertise in automation, you could offer comprehensive support to online stores, including tasks like inventory management, customer service, marketing, and order fulfillment.
Your natural knack for digital tools and understanding of ecommerce trends would allow you to streamline operations, significantly boosting sales for your clients. Imagine taking the load off overwhelmed entrepreneurs, enabling them to focus on innovating and expanding their businesses while you ensure their backend operations run seamlessly.
This pathway taps into your analytical mindset and offers a challenging yet rewarding experience, presenting a lucrative opportunity if you're passionate about the online retail space and operational management.
How much you can make: $2,300 — $2,400,000/month
How much does it cost to start: $2,000 (?)
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.
18. Start a music streaming app ($101K/month)
As an NLP engineer, you could leverage your expertise to create a music streaming app that offers unique, personalized user experiences. By integrating advanced recommendation algorithms and language processing capabilities, you could enhance user engagement and satisfaction. This can be particularly lucrative given the global music streaming market's projected growth to $29.45 billion, driven by the increasing use of digital platforms and smart devices.
With your technical skills, you could also explore features like voice search, automatic playlist generation based on user sentiment, or even real-time lyrics translation. These innovations would set your app apart in a competitive market. This entrepreneurial endeavor could not only supplement your income but also allow you to break into a rapidly expanding industry with high potential for growth.
How much you can make: $70,000 — $150,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 135 days (?)
Streamloots is a marketplace where viewers can buy real-time interactions with live streamers, allowing content creators to monetize their audiences and earning over $1M in just the last quarter with a community of more than 12K active streamers.
19. Start a skills training business ($94.8K/month)
As a NLP engineer, you could leverage your specialized knowledge to start a skills training business aimed at individuals or organizations looking to improve their natural language processing capabilities. With the global skills training market expected to reach $47.2B by 2027, there is a substantial opportunity to monetize your expertise by offering courses, workshops, or one-on-one sessions. You could create a compelling online presence through a website, providing accessible learning resources and tools for beginners to advanced practitioners.
Starting this type of business doesn’t require a significant initial investment and can grow organically through word-of-mouth and online marketing. You could build an impressive client portfolio, which would enable you to charge higher rates over time. This venture not only offers additional revenue streams but also provides a fulfilling way to share your passion and knowledge with others, potentially transforming both your life and the lives of your students.
How much you can make: $1,500 — $350,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 90 days (?)
Online learning community Frontend Mentor has over 200,000 members, with over 1,500 paid subscribers generating over $15,000 MRR, offering professionally designed challenges to improve front-end coding skills with a freemium business model and a focus on real-life experience.
20. Start a travel guide website ($14.2K/month)
As an NLP engineer, starting a travel guide website offers a unique opportunity to leverage your technical skills to supplement your income. You could use your expertise in natural language processing to curate and analyze vast amounts of travel-related data, providing personalized recommendations and up-to-date information that appeals to a variety of travelers. By creating smart algorithms, you could automatically update content to keep it current with regional events, weather changes, or travel advisories.
Additionally, your understanding of SEO strategies and online marketing can help you optimize the website's visibility, ensuring that your site ranks well in search engine results. You could also implement NLP-based chatbots or virtual assistants to enhance user experience, guiding visitors through travel inquiries and booking processes seamlessly. This not only makes the site user-friendly but also positions it as a reliable source of travel information, potentially increasing traffic and revenue.
Incorporating mobile-friendly designs and building links with other relevant travel websites will also help to elevate your website's credibility and accessibility. As a side business, it offers a fulfilling way to apply your NLP skills outside traditional tech roles while tapping into the lucrative travel industry.
How much you can make: $50 — $30,000/month
How much does it cost to start: $8,250 (?)
How long does it take to build: 90 days (?)
TravelMamas.com founder Colleen Lanin shares how she turned a family travel blog into a business that generates $15K in monthly revenue through ad network sales, affiliate sales, sponsored posts, book sales, public speaking appearances, and media campaigns.
21. Start a wholesale book delivery business
Starting a wholesale book delivery business could be a strategic way for an NLP engineer to supplement their income while leveraging their technical skills. By analyzing customer preferences and reading habits using NLP techniques, you could optimize your inventory and delivery routes to maximize efficiency and customer satisfaction. Additionally, you could automate various aspects of the business, such as order processing and customer support, using custom-built NLP tools.
Your expertise in natural language processing could also be used to create a recommendation system that helps customers find books they are likely to enjoy, increasing your sales and customer loyalty. This venture not only provides an additional revenue stream but also offers a practical application of your NLP knowledge, helping you refine your skills in a real-world setting.
22. Become a festival photographer
Starting a festival photography side business could make sense for an NLP engineer as it allows you to leverage your technical skills in unique ways. You could utilize image recognition and machine learning algorithms to enhance photo sorting and editing processes, saving time and increasing the productivity of your photography business. Additionally, developing a custom app or software solution that integrates NLP for customer interactions, such as automated booking or photo captioning, could set your services apart from competitors.
Furthermore, festival photography often involves large volumes of data, which aligns well with your expertise in handling and processing significant amounts of information. By employing advanced analytical techniques, you could gain insights into customer preferences, optimize your marketing strategies, and even predict trends to offer tailored photography packages. This blend of creative and technical proficiency could not only supplement your income but also offer a fulfilling entrepreneurial outlet.
23. Start an online gift shop business ($122K/month)
As an NLP engineer, starting an online gift shop business could be a perfect side venture to supplement your income. You could leverage your expertise in language processing to optimize product listings, enhance customer interactions, and automate responses using chatbots, thereby creating a seamless shopping experience for your customers.
Additionally, you could harness natural language generation techniques to personalize gift recommendations and manage a sophisticated marketing strategy, targeting specific demographics through tailored email campaigns and social media engagements. This business model allows for flexibility and creativity, enabling you to curate a diverse range of unique, thoughtful gifts while applying your technical skills to streamline operations and maximize profitability.
How much you can make: $550 — $800,000/month
How long does it take to build: 90 days (?)
Meet Tyler Macke, the 21-year-old founder of SendAFriend, an e-commerce brand that sells stuffed animal care packages, which began with $50k in revenue in 2019 and is now on track to make $5M in revenue this year, while donating 10% of revenue to children's hospitals throughout the United States.
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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.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
