31 Business Ideas For Product 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 31 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 marketing agency ($245K/month)

As a product manager, your expertise in understanding market trends, consumer needs, and product positioning makes you uniquely qualified to start a marketing agency. You could leverage your deep knowledge of data analytics, strategic thinking, and leadership skills to help businesses craft compelling marketing strategies tailored to their specific needs, all while sidestepping the costs of hiring in-house teams and purchasing specialized equipment.

Additionally, your experience in collaborating with cross-functional teams and driving projects from conception to launch could provide a strong foundation for successfully managing client campaigns. By offering your services as a marketing agency, you could not only supplement your income but also diversify your professional portfolio, tapping into an ever-growing demand for outsourced marketing solutions.

2. Start a digital agency ($186K/month)

As a product manager, you could leverage your strategic planning and project management skills to start a digital agency. Your ability to understand market needs and user behavior positions you perfectly to help businesses reach their advertising, marketing, or technology-related goals. With your knowledge and passion for digital marketing, you could effectively coordinate campaigns, optimize digital channels, and deliver measurable results for clients.

Considering the global digital agency market reached a value of nearly $305 billion in 2020 and continues to grow, the prospects for success are high. You could use your analytical abilities to identify emerging trends and capitalize on the increasing consumption and creation of digital content. With the right skill set, tools, and mindset, starting a digital agency could be a lucrative side business or even a full-time entrepreneurial pursuit.

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

As a product manager, your unique skill set in technology and strategic planning makes you well-suited to start a social media automation business. With the increasing demand for consistent and strategic social media engagement, you could create tools and services that schedule posts, automate interactions, and analyze data efficiently, helping clients like small businesses and influencers save precious time.

This endeavor taps into your expertise in identifying market needs and developing tailored solutions, allowing you to drive engagement and growth for your clients' social media presence. With a knack for understanding tech trends and marketing strategies, you could turn this into a lucrative side business or even a full-time venture, fulfilling both entrepreneurial aspirations and financial goals.

4. Start a niche investment platform ($167K/month)

Starting a niche investment platform could be a lucrative opportunity for a product manager looking to supplement their income or start a side business. By focusing on alternative asset classes such as collectibles, cryptocurrencies, real estate, or even athletic prospects, you could leverage your expertise in building transparent trading ecosystems. This specialized focus allows you to address the unique needs of a targeted audience, helping you carve out a niche in the investment landscape.

As a founder, you could utilize your skills to create a user-friendly platform that offers flexible portfolio combinations, thus attracting an exclusive user base. This would not only generate recurring revenue through transaction fees and premium subscriptions but also provide a diversified investment avenue for traders and brokers seeking alternatives to traditional stock markets. In an era of financial volatility, your platform could become a go-to destination for those interested in niche investments like fine wine or emerging athletes.

5. Start an email marketing tool ($992K/month)

As a product manager, you could leverage your expertise in managing product lifecycles and understanding customer needs to create a successful email marketing tool. By developing a software application that helps users create, manage, and automate email campaigns, you could tap into one of the most effective marketing channels to generate leads, increase sales, and reach a broad audience.

The email marketing industry is booming, with the market size expected to reach $2.53B by 2028, presenting a lucrative opportunity for entrepreneurial-minded product managers. With your skills in product development and market analysis, you could design a tool that caters specifically to the needs of entrepreneurs, startups, and various professionals, providing a robust platform for email campaign success.

Starting an email marketing tool business is relatively straightforward, involving an initial investment in a domain and hosting account. From there, your understanding of customer pain points and technical requirements could guide you in continuously improving the tool, expanding its features, and ensuring it meets the evolving needs of its users.

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

As a product manager, you could leverage your deep understanding of technology and market needs to create a sales automation platform that addresses inefficiencies in sales processes. This platform would automate a range of tasks like lead generation and follow-ups, allowing sales teams to focus on closing deals rather than getting bogged down by administrative work. By offering a solution that enhances efficiency and minimizes errors, you could provide substantial value to businesses looking to improve their sales operations.

Given the increasing demand for efficiency and digital transformation in the business world, now is an excellent time to explore this venture. A sales automation platform is not only a smart move for tech-savvy entrepreneurs but also a profitable investment due to the growing need for streamlined sales processes. Your existing skills in managing products and understanding market needs could give you a distinct advantage in developing a solution that resonates with businesses.

7. Start a saas company ($296K/month)

As a product manager, starting a SaaS company offers you a unique opportunity to leverage your expertise in product development and market understanding. You could create a software solution that addresses a significant pain point in your industry, such as a sophisticated project management tool, a powerful automation engine, or a customizable workflow designer that other businesses could subscribe to and benefit from. This approach not only uses your existing skill set but also opens up new revenue streams and potential market segments.

Given your familiarity with the SaaS business model, you could efficiently navigate both the development and marketing phases, ensuring a high-quality product that meets the needs of your target users. Your background in managing product lifecycle stages and user experiences will be invaluable in building a successful SaaS offering.

Additionally, the high margins and flexibility typically associated with SaaS companies could offer you an entrepreneurial edge, providing financial independence and multiple growth avenues. By emulating successful examples like Salesforce, you could carve out a niche in the booming tech industry, ultimately turning your side project into a thriving business.

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

As a product manager, you could venture into developing cloud management software, tapping into the ongoing digital transformation across multiple industries. This business idea would leverage your skills in designing user-friendly interfaces and robust backend systems to help companies efficiently manage their cloud resources—from data storage to security compliance.

The potential market is vast and varied, spanning healthcare, finance, and many other sectors, making it a lucrative field. By starting this side business, you’d be addressing a critical need for businesses migrating their operations to the cloud, diving into a highly technical yet rewarding area. If you’re driven by solving complex problems and have an entrepreneurial spirit, creating cloud management software could be the perfect avenue for supplementing your income or even establishing a full-fledged business.

9. Start a CRM app business ($135K/month)

As a product manager, starting a CRM app business could be a natural extension of your skills in managing product lifecycles and user experience. With your expertise, you could create a tool that helps businesses streamline communications, track leads, and nurture customer relationships—all from a centralized platform. This venture would allow you to supplement your income by addressing a critical need in today's business environment, where personalized customer experiences are increasingly essential.

By defining core features, collaborating with skilled developers, and implementing effective marketing strategies, you could carve out a niche in the competitive CRM market. This opportunity offers the potential for significant impact and revenue, as more companies seek solutions to improve their sales and customer satisfaction. Ready to harness your product management expertise and innovate in the CRM space? Dive into this market and create a tool businesses can't live without.

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

As a product manager, you could use your understanding of user needs and market gaps to create a valuable Chrome extension. By leveraging your skills in programming and coding, you could develop a browser extension that enhances user productivity, such as a task organizer or a note-taking tool. Alternatively, you could focus on security features, providing users with tools to protect their data while browsing.

A Chrome extension offers a relatively low barrier to entry, allowing you to start as a side business and scale based on demand. You could monetize your extension by selling it on the Chrome Web Store or offering it for free with ad-based revenue. This entrepreneurial venture enables you to showcase your expertise and potentially build a profitable business from your unique insights and skills as a product manager.

11. Start a lead generation service ($287K/month)

As a product manager, you possess a keen understanding of market needs, customer behavior, and strategic planning—skills perfectly aligned for starting a lead generation service. This venture would involve creating targeted strategies and campaigns to attract potential customers and convert them into actionable leads for other businesses. Utilizing your expertise in digital marketing and data analysis, you could offer services that are highly valuable in today's competitive marketplace.

Beyond supplementing your income, a lead generation service enables you to apply your product management skills in a new, entrepreneurial way. By helping businesses grow through high-quality leads, you not only create a steady revenue stream for yourself but also play a direct role in your clients' success. This business is not just about generating leads; it's about building lasting, impactful relationships that fuel business growth.

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

As a product manager, you could leverage your skills in market research, data analysis, and customer profiling to start a B2B lead generation service. Your expertise in understanding product-market fit and developing strategic relationships makes you well-suited to identify potential business clients and foster meaningful connections, thus alleviating a common challenge companies face: finding high-quality leads.

By harnessing technology tools and employing a blend of research and outreach tactics, you could build a robust pipeline of prospective clients for other businesses. The high demand for qualified leads ensures a steady flow of clients and recurring revenue, making this an attractive side business or even a full-time entrepreneurial venture. The scalability and constant need for leads across industries offer ample opportunities for growth and success in the entrepreneurial landscape.

13. Start a freelancer community ($149K/month)

As a product manager, starting a freelancer community could be an exciting way to supplement your income while leveraging your skills in market research, user engagement, and product development. You could create a dedicated platform where freelance professionals—such as writers, designers, and developers—can connect, collaborate, and find work, capitalizing on the growing gig economy.

This venture could allow you to design features like job listings, project collaboration tools, and professional development resources, enriching the user experience and adding value to the community. By nurturing this platform, you could build a thriving environment that supports freelancers and drives your entrepreneurial ambitions forward. If you have a passion for community building and a keen eye for curating valuable content, this could be the perfect side business to explore.

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

As a product manager, you could leverage your deep understanding of market needs and user pain points to create a successful micro-SaaS business. By focusing on niche markets, you have the opportunity to deliver highly customized software solutions that precisely address unique problems within these segments. This targeted approach ensures that you can build a product with a unique value proposition that larger SaaS companies might overlook.

Additionally, your experience in gathering and analyzing customer feedback could be instrumental in refining your micro-SaaS offering. By prioritizing user insights, you could continuously improve your product to enhance customer satisfaction and foster loyalty. This not only supports long-term success but also builds a closer, more engaged relationship with your customer base.

15. Start a tech talent platform ($852K/month)

As a product manager, leveraging your expertise to start a tech talent platform could be a strategic way to supplement your income or even establish a successful side business. You could curate a platform that connects tech professionals with companies seeking specific skills, utilizing your insight into market needs and user experience to create a seamless, valuable service.

By leveraging your knowledge of product development, you could design features that streamline the hiring process, such as skill assessments or project-based evaluations. Additionally, you could employ data analytics to match talent with opportunities more accurately, setting your platform apart from conventional job boards. This approach not only monetizes your existing skills but also addresses a growing demand in the tech industry for specialized, high-quality talent.

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

As a product manager, you could leverage your expertise in software development, user interface design, and market research to create an innovative email app business. Given your background, you could develop a platform that offers intelligent filtering, prioritization, and AI-driven responses to streamline email communication and organization.

Not only could this address the widespread issue of cluttered inboxes, but it could also stand out in a market dominated by established players like Gmail and Outlook by offering unique, highly efficient features. The increasing demand for effective communication tools means there's substantial potential for capturing market share and providing a valuable service to both individuals and businesses. Engaging in this venture could turn your deep understanding of user needs and product development into a profitable side business or even a full-fledged company.

17. Start a CPG company ($228K/month)

As a product manager, your expertise in market research, product development, and consumer behavior positions you perfectly to start a Consumer Packaged Goods (CPG) company. By leveraging your skills, you could identify a gap in the market for everyday items such as cleaning supplies, toothpaste, or beverages and develop innovative solutions to meet consumer demand. Your experience in managing product lifecycles and collaborating with cross-functional teams would be invaluable in navigating the complexities of product development and distribution.

Additionally, starting a CPG business allows you to use your strategic thinking and project management skills to oversee everything from ideation to execution. You could focus on creating products that are not only useful but also align with current trends like sustainability and health consciousness. With thorough market research and by securing reliable manufacturers and distributors, you could bring a unique product to market that meets consumer needs and grows into a profitable venture.

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

As a product manager, starting an AI SaaS business could be a highly lucrative avenue for supplementing your income or even launching a full-fledged enterprise. Your expertise in assessing market needs, managing product development lifecycles, and ensuring product-market fit will be invaluable in creating AI-powered solutions that businesses are increasingly eager to adopt.

With a myriad of opportunities in areas like natural language processing, predictive analytics, and machine learning, you could design and deploy cloud-based applications that companies can subscribe to. This eliminates their need to develop such technologies in-house, providing them with cutting-edge tools while offering you a steady revenue stream. If you're tech-savvy and vision-oriented, the AI SaaS sector offers a robust and scalable business model ripe for innovation and growth.

19. Become an artist ($26K/month)

As a product manager, collaborating with an artist to supplement your income or start a side business could open doors to unique opportunities. Your skills in project management, market analysis, and user-centered design can help turn artistic endeavors into marketable products. For instance, you could manage the creation and launch of custom art pieces, prints, or design-focused merchandise, leveraging your knack for understanding customer needs and market trends.

Moreover, your experience in product lifecycle management and marketing strategies could prove invaluable in scaling the business. By working with an artist, whether they're focused on digital art, paintings, or crafts, you could identify niche markets, optimize supply chains, and create compelling go-to-market strategies. This partnership not only allows you to apply your skills in a creative context but also offers a fulfilling way to diversify your professional portfolio and explore new revenue streams.

20. Start an amazon FBA business ($97.8K/month)

As a product manager, leveraging your skills to start an Amazon FBA business could be a lucrative venture. Given Amazon's vast user base of over 2.3 billion monthly visitors, you could reach a massive audience with relatively low investment and effort. This platform allows you to tap into your ability to identify market needs, conduct competitive analysis, and manage supply chains effectively.

By utilizing Amazon FBA, you could create an additional income stream or even gradually transition to running your own full-time business. Your expertise in product lifecycle management and data-driven decision-making would be instrumental in selecting profitable products with low competition. This entrepreneurial move could not only supplement your income but also give you hands-on experience with e-commerce, enhancing your career versatility.

21. Start a digital subscription business ($133K/month)

As a product manager, you could leverage your expertise in user experience and strategic planning to start a digital subscription business. By offering online courses, software, digital downloads, or premium content, you could provide continuous value while generating a steady stream of recurring revenue.

Given the growing popularity of subscription models, your ability to analyze market trends and understand customer needs could be crucial in crafting a compelling service. Starting such a business could not only supplement your income but also allow you to apply your skillset in a new, entrepreneurial context.

22. Start an ecommerce brand ($79.9K/month)

As a product manager, starting an ecommerce brand could be a natural extension of your existing skill set. Your expertise in market research, product development, and customer insights positions you well to identify profitable niches and create compelling product offerings. With platforms like Shopify or WooCommerce, you could build an online store to sell products directly to consumers, leveraging your strategic planning abilities to manage inventory, marketing, and fulfillment efficiently.

The challenge of building a brand from the ground up and scaling it at your own pace could be highly rewarding. You have the opportunity to craft a unique brand identity, control the entire customer experience, and directly engage with your audience. If you're entrepreneurial-minded and eager to apply your product management skills to your own venture, an ecommerce brand could be a lucrative and fulfilling side business or new primary career path.

23. Become a bridal consultant

As a product manager, you could leverage your project management and organizational skills to excel as a bridal consultant. Your expertise in coordinating multiple stakeholders, managing timelines, and ensuring smooth project execution are directly transferable to planning and executing weddings. With an eye for detail and a knack for solving problems, you could easily manage everything from vendor negotiations to event logistics.

Additionally, your experience with market analysis and user research could give you an edge in understanding and meeting the unique needs and preferences of each bride and groom. This side business could start small with part-time consultations and eventually grow into a full-fledged operation, supplementing your income while using your product management skills in a new, rewarding way.

24. Start a real estate software business

Starting a real estate software business presents an excellent opportunity to leverage your product management skills in a booming industry. As a product manager, you could develop intuitive, user-friendly platforms that streamline property listings, automate client follow-ups, and generate insightful analytics, addressing common pain points in real estate transactions.

With the rise of proptech, there's a growing demand for digital solutions to enhance efficiency in real estate operations. By launching a software business tailored for real estate professionals, you could tap into this need, providing valuable services that improve operations for agents, brokers, and property managers.

If you have a passion for technology and real estate, building and continually updating software to meet industry standards could be the perfect entrepreneurial venture. This business not only allows you to supplement your income but also positions you to make a significant impact in the real estate market.

25. Start an online marketing business ($169K/month)

As a product manager, you could leverage your keen understanding of market trends and consumer behavior to start an online marketing business. Your skills in data analysis and strategic planning align well with the requirements of running successful SEO campaigns, crafting compelling content, and analyzing traffic metrics.

This venture enables you to work with small businesses looking to enhance their online presence, allowing you to make a tangible impact through creative and effective marketing strategies. The flexibility and scalability of an online marketing business offer a great opportunity to supplement your income or even pivot into a dynamic, entrepreneurial career, all while making a significant difference in your clients' business growth.

26. Start a Postmates Driver

As a product manager with an entrepreneurial spirit, starting a side business as a Postmates Driver could be a flexible and lucrative way to supplement your income. Leveraging your analytical skills, you could optimize your delivery routes and times to maximize your earnings.

Beyond the financial benefits, this venture could also provide you with firsthand experience in the logistics and customer service sectors, knowledge that could be invaluable for your primary role in product management. Furthermore, the insights gained from this side business could lead you to identify new market opportunities or pain points, potentially sparking innovative product ideas.

27. Start a clock app business

As a product manager, starting a clock app business could be a natural extension of your skills in understanding user needs and managing development cycles. Imagine designing a clock app that not only tells time but also integrates features like time-tracking, productivity tools, and personalized alarms, transforming how users manage their day. You could leverage your experience in user research and product development to build an app that helps users optimize their daily routines and sync effortlessly with other devices.

With the increasing demand for efficient time management tools and the ubiquity of mobile technology, the potential market for a well-designed clock app is vast. By assembling a talented team of developers and crafting a solid marketing strategy, you could create an invaluable tool that millions might rely on to keep their lives on track, thereby establishing a successful side business or even a full-fledged startup.

28. Start a browser extension business ($20.3K/month)

As a product manager, starting a browser extension business could be an excellent way to leverage your skills in understanding user needs and delivering high-value solutions. Extensions like ad blockers, password managers, or tools designed to streamline specific tasks are constantly in demand, offering you the chance to tap into a growing and dynamic market. By creating these small yet powerful software add-ons, you could supplement your income or even transition into a full-time entrepreneurial venture.

Given your background in product management, your ability to identify market gaps and translate user pain points into practical solutions could give you a significant edge. The experience you already have in working with development teams, managing product lifecycles, and ensuring feature rollouts are timely and user-centric will be directly applicable here. Plus, keeping up with browser updates and user feedback can help you ensure your extensions stay relevant and maintain high user satisfaction.

29. Create a code review platform

As a product manager, leveraging your deep understanding of software development workflows, you could launch a code review platform to both supplement your income and enhance software quality in development teams. By offering a web-based service where developers can submit their code for peer review, you address a critical need in the industry: ensuring that code meets all necessary standards before going live.

This kind of platform not only helps in catching bugs and vulnerabilities early but also fosters a culture of learning and collaboration within development teams. By integrating with popular version control systems, you streamline the review process, allowing teams to maintain high code quality without disrupting their existing workflow.

Moreover, the scalable nature of a code review platform means it can grow with your clientele, providing essential feedback loops that improve over time. This creates a robust tool that not only minimizes costly mistakes but also elevates overall software performance and security. For product managers with an entrepreneurial spirit, this represents a highly promising business opportunity with tangible impacts on the tech industry.

30. Start a finance media company ($1.23M/month)

As a product manager, you could leverage your diverse skill set to start a finance media company that supplements your income or even evolves into a full-fledged business. Your expertise in understanding market needs, managing content delivery pipelines, and engaging an audience will be crucial in creating high-quality financial content such as articles, videos, podcasts, or newsletters. By offering insights into investments, market trends, and financial literacy, you could become a trusted source for both novice investors and seasoned financial enthusiasts.

The financial content space is ever-evolving and in high demand, meaning there is a consistent audience eager for reliable information and guidance. As you develop your reputation and build credibility, you can monetize your content through advertising, sponsored posts, or subscription models, turning your passion for finance into a lucrative venture. Embrace the intellectual challenge and satisfying prospects this industry has to offer, and you could establish yourself as a prominent voice in the finance sector.

31. Start a website designer ($22.8K/month)

As a product manager, leveraging your understanding of user experience and project management, you could find starting a website design business both fitting and profitable. Your familiarity with consumer needs and market trends can help you create intuitive and engaging digital environments, ultimately meeting the growing demand for polished online presences for companies and individuals.

With your foundational knowledge in technical skill and artistry, you’re well-equipped to craft visually appealing and highly functional websites. Building a robust portfolio can showcase your dual expertise in design and strategic planning, potentially attracting a diverse clientele and paving the way for significant opportunities. This entrepreneurial endeavor not only supplements your income but also allows you to flex your creative muscles and expand your professional horizon.

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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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