14 Profitable Construction Business Ideas
Like any other sector of the economy, construction has been deeply impacted by the COVID-19 crisis. However, this situation has brought new opportunities to a traditional sector that was already immersed in a process of modernization, adopting a wider use of technology.
It may take a bit of time to recover normal activity, but these new changes in regulations and behaviors will bring opportunities.
Have a construction-related business and want to get added to this list? Submit to share your story here.
Below we have listed the stories of some entrepreneurs that have thrived in the construction industry and have been kind enough to share their stories so future entrepreneurs can learn from their stories. Check them out:
1. Start a CRM business
A Customer Relationship Management (CRM) software keeps track of prospects, clients and their contacts and also helps you monitor your sales pipeline as well as to create reports for business intelligence.
The CRM market is a $50B and growing industry.
How much you can make: $5,000 — $2,100,000/month
How long does it take to build: 105 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
2. Start a woodworking business
While many see woodworking as a hobby to pass the time, it is a profitable blue-collar business with growth potential. If you are skilled, passionate, and looking for a blue-collar side hustle, consider starting a woodworking business.
Starting a woodworking business allows you to work from home. Besides, you can scale the business easily and enjoy unlimited earning potential. Some opportunities you can go for include building custom wood pieces, teaching others about woodworking, starting a woodworking blog, and flip furniture.
How much you can make: $1,000 — $40,001/month
How long does it take to build: 204 days (?)
Time commitment per week: Min. 5 hours/week
Sasha Weekes, owner of Timber Grove Studios, turned her fine arts and cabinetmaking education into a successful home-based woodworking business that grew from a side project to netting 20-50% profits month-to-month and up to $10,000 in sales during peak periods through Etsy, with her company's growth continuing to increase through other social media outlets.
3. Start a home building company
The global construction industry is expected to maintain steady growth over the next years. Estimates show that the sector will reach 14.4 trillion in the next decade.
With the increasing population, demand for building new homes continues to grow steadily. With more jobs available, starting a construction company can be a lucrative business. To start a construction company, register the company and acquire all permits and licenses to run a construction company.
How much you can make: $500,000/month
How long does it take to build: 257 days (?)
A General Contracting firm founder who grew his company to over $500K a month revenue found his unhealthy obsession on scaling his business by constantly landing new projects and hiring new team members a mistake, and reduced his staff down to four, and shifted to a new target audience while implementing SEO and advertising campaigns.
4. Create an online course
An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.
As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.
With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.
For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.
How much you can make: $275 — $1,000,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 88 days (?)
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
5. Start a pool installation service
A pool installation service specializes in building and constructing new swimming pools for both residential and commercial clients.
This process involves obtaining necessary permits, preparing the site, installing plumbing and drainage, constructing the pool shell, adding finishes such as tiles and coping, installing equipment like pumps and filters, and completing landscaping and fencing around the pool area.
To run a successful pool installation service, it is essential to have skilled contractors with experience in excavation, masonry, plumbing, and working with pool materials.
Starting a pool installation service can be a profitable venture, as there is a high demand for new backyard pools and water features.
How much you can make: $8,000/month
Learn how a third generation business owner started a profitable pool service and installation business in Southern Ontario, earning an average of $8000/month net revenue during peak season and growing from servicing 0 to 350+ pools since May 2016 by doing things that don't scale, such as manually talking to customers and focusing on the ideal customer.
6. Start a remodelling business
A home remodeling business focuses on renovating or making additions to one's home. Architects oversee the home remodeling process and are responsible for coordinating with other home remodeling professionals to ensure their client's needs are met.
If you are an architect looking for a side income or even a primary income opportunity, consider starting a home & office renovation business.
How much you can make: $350,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 30 days (?)
Carolina Exteriors is a residential home improvement service that generates $4,000,000 in revenue annually, with 12 full-time employees and over 50 trade partners, developed in response to the previous housing crisis and their founders' belief that contractors needed to be more customer-focused.
7. Start a DIY business
Ever wondered how your knack for crafting could turn into a thriving business? Consider starting a DIY business. A DIY business involves creating handmade, unique products to sell directly to consumers, often through online platforms like Etsy or local market stalls.
The beauty of this venture is its accessibility; you can commence with minimal investment by using materials you already own or sourcing affordable supplies. Crafting jewelry, home decor, or personalized gifts—your product line is entirely up to your creativity.
While the work involves manual labor and time, the rewards are compelling. You have the flexibility to work from home and the satisfaction of turning passion into profit. Interested in learning more? Discover the potential of DIY entrepreneurship today and start crafting your success story.
How much you can make: $2,000 — $1,100,000/month
How long does it take to build: 120 days (?)
Cooking Gift Set Co. generated $866,000 in sales in 2020, with 70% on Amazon, 26% Wholesale, and 4% e-commerce, using their strengths in design to create cooking kits with beautiful packaging, customized instructions, and high-quality lifestyle photos to differentiate from copycats.
8. Start a time tracking app
A time tracking app is a tool used allows its user to clock in/out via an internet-connected device or to use a stopwatch to record the start and end of tasks. The time tracker apps also have analytics and reporting features that consolidate the data so that users can gain insights into time spent on different tasks, projects, and clients.
The growing need among managers and enterprises to improve employee productivity and adopt a remote work culture contribute to the high demand for time-tracking apps.
Therefore, if you are looking for the best App-based business, you may consider developing a time tracker application. Here is a high-level overview of some steps to get you started working on your business idea of the time tracker App
- Define the project scope
- Choose a software development methodology
- Formulate the approach for your development project
- Create a project team
- Develop the project plan with timelines
- Test the prototypes
- Find suitable API solutions
- Publish the Apps
How much you can make: $350 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 180 days (?)
Labor Sync is a mobile application that provides business owners with the ability to track the time and GPS location of their mobile workforce and after just one year of use, they saved $104,000 across 45 employees despite starting off with no funds for advertising or marketing.
9. Start an etsy shop
Etsy is an online marketplace where people can buy and sell all kinds of handmade goods, vintage items, and art supplies.
It's a great way to make some extra cash, and you can use it as an opportunity to build your brand and find new clients.
To get started on Etsy, you'll need these four things:
- An Etsy account
- A PayPal account
- A product idea (or at least a product category)
- A visually appealing storefront with photos of your products
How much you can make: $100 — $750,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Chasing Planner Peace is a planner company that has expanded from selling planner inserts on Etsy, to offering a one-stop shop customizable planner experience with over 300 inserts, a planner line, and various other related products, gaining a monthly revenue of around $25,000 at its busiest time of year.
10. Start a bathroom appliance business
Bathroom appliances include bathtubs, toilets, sinks, taps, toilet seats, wall cabinets, and other wired fixtures like showers.
Homeowners often install bathroom appliances for functional and aesthetic reasons. High-quality bathroom appliances also improve the property's value and make the house livable.
To start a bathroom appliances business, research the market and understand consumer preferences. You can offer sales and installation services or partner with a professional appliance installer to help install the appliances.
How much you can make: $10,000 — $500,000/month
How long does it take to build: 540 days (?)
Founder of RinseKit shares how he designed a portable pressurized shower that generates over $1.5M in sales per year and achieved great success with Kickstarter and appearing on Shark Tank, while providing advice on designing, prototyping, and manufacturing your first product.
11. Start a junk removal business
Households and businesses need help hauling away broken furniture, clearing out trash, and even emptying properties during a foreclosure. Therefore, the demand for junk removal services is high. Starting a junk removal business can be profitable if you own a box truck and are looking for self-employment opportunities.
To begin, perform market research in your area, and apply for the necessary regulatory permits or licenses. Build a website and market your services.
How much you can make: $4,000 — $230,000/month
How long does it take to build: 55 days (?)
23-year-old Sam Evans founded You Call We Haul Junk Removal which brings in around $20,000 in revenue per month with a profit of 65% per job, servicing any individuals who have unneeded junk, and aims to franchise the business in the long-term.
12. Start an ecommerce store
An eCommerce business is a company that sells products or services online. Ecommerce businesses have many advantages over brick-and-mortar businesses, including lower overhead costs, increased flexibility and reach, and the ability to reach a wider audience.
eCommerce is booming right now because of the convenience and efficiency it offers consumers. Consumers can buy products from their favorite brands on a platform that makes the whole process easier than ever. They don't have to leave their homes or go out in public, they can just sit down at their computer, tablet or smartphone and browse through all of the options available to them.
To start an ecommerce business, you'll need to set up a website where customers can browse your inventory and purchase items, as well as payment processing software that allows you to accept credit card payments. You'll also need to choose a shopping cart software and manage inventory tracking software.
How much you can make: $350 — $13,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
13. Start a time tracking app
A time tracking app is a tool used allows its user to clock in/out via an internet-connected device or to use a stopwatch to record the start and end of tasks. The time tracker apps also have analytics and reporting features that consolidate the data so that users can gain insights into time spent on different tasks, projects, and clients.
The growing need among managers and enterprises to improve employee productivity and adopt a remote work culture contribute to the high demand for time-tracking apps.
Therefore, if you are looking for the best App-based business, you may consider developing a time tracker application. Here is a high-level overview of some steps to get you started working on your business idea of the time tracker App
- Define the project scope
- Choose a software development methodology
- Formulate the approach for your development project
- Create a project team
- Develop the project plan with timelines
- Test the prototypes
- Find suitable API solutions
- Publish the Apps
How much you can make: $350 — $500,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 180 days (?)
Labor Sync is a mobile application that provides business owners with the ability to track the time and GPS location of their mobile workforce and after just one year of use, they saved $104,000 across 45 employees despite starting off with no funds for advertising or marketing.
14. Start a bathroom appliance business
Bathroom appliances include bathtubs, toilets, sinks, taps, toilet seats, wall cabinets, and other wired fixtures like showers.
Homeowners often install bathroom appliances for functional and aesthetic reasons. High-quality bathroom appliances also improve the property's value and make the house livable.
To start a bathroom appliances business, research the market and understand consumer preferences. You can offer sales and installation services or partner with a professional appliance installer to help install the appliances.
How much you can make: $10,000 — $500,000/month
How long does it take to build: 540 days (?)
Founder of RinseKit shares how he designed a portable pressurized shower that generates over $1.5M in sales per year and achieved great success with Kickstarter and appearing on Shark Tank, while providing advice on designing, prototyping, and manufacturing your first product.
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Combine sleek storefront designs with powerful marketing tools and unrivaled 24x7 phone support, our platform has everything you need for success and flexibility in the competitive online marketplace.
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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.
