The service industry today is one of the most profitable in the world. The profitability is due to the sale of intangible products that do not have a cost, but is measured by the hours invested or the expense of personnel. In this article we will look at some of the most popular service business ideas.
There are all kinds of services available: professional services such as accountant, lawyer, architect, etc., information management services, personnel management services, etc. I want to offer you some service business ideas that are more focused on reality and demand:
- PROFESSIONAL SERVICES BUSINESS FOR A SPECIFIC SEGMENT:
An alternative for a professional, who wants to become independent and sell his services through a portfolio of clients, is to specialize in a specific segment of people.
For example, in the case of a lawyer, you can specialize in 1 type of law (civil, labor, criminal, and family) and a specific group of people (with few resources, foreigners, etc.). This applies to any independent service.
- SERVICES BUSINESS FOR HIGH INCOME SEGMENT:
There are many business services to meet the needs of high income people.
In this regard, there are many ways to approach these types of customers; for example, a masseuse may:
a) Having a store in a high-income colony,
b) Offer their service at home,
c) Promoted by recommendation to business people
d) Offer only one type of services (massage with stone)
The advantage of focusing your business on this niche of people is that they have the financial capacity to pay for very specific services.
- EDUCATION SERVICES:
The education industry today more than ever allows the entry of new businesses for successful entrepreneurs. Certainly you have to obtain the certificates of studies to validate your teaching; however another alternative is to offer services of “support” to the education.
These can be practical courses, hourly educational counseling, counseling for an educational project, etc. It also has alternatives such as face-to-face courses, online courses, or online assessments.
- SERVICES RELATED TO INFORMATION TECHNOLOGY MANAGEMENT:
With so much technological advance, a business opportunity is opened for those companies that offer support services for information technology management.
This in simple words is support for the use of software’s, databases, programming, online platforms, etc. Again, there is a lot of market available for programmers and tech savvy people.
- BUSINESS SERVICES BUSINESS:
Many micro and small businesses in America face problems they do not know how to fix, how to increase sales, inventory management, legal problems, import and export, etc.
This is an opportunity for consulting services businesses, offering their services in package forms or clear prices to the public.
SMEs have little use of consulting for not providing clear and accurate cost information, and how this expense becomes an investment for your business.
- PROTECTION AND SECURITY SERVICES:
Among the best business ideas for Mexico are the services of protection and personal security, of houses, business, of premises, etc. There is a great diversity of services to offer, from armed escorts to simple spy cameras.
- SERVICES FOR VARIOUS EVENTS:
There is a great demand for services for varied events, from weddings, baptisms, children’s parties, parties of weddings, birthdays, etc.
Services vary depending on who is looking for the customer, can be catering service, waiters, music, dance, rent of furniture, rent of premises, etc. It is important to promote and recommend customers for the success of this business.
- HOME SERVICES:
Another niche that has been little exploited as a serious business are the services to meet the needs of the home, both cleaning, tidying up or home care, in the interior and exterior aspect.
In this niche there are lots of potential business ideas to offer: house cleaning service, minor repairs, and help for the housewife, washing and ironing of clothes at home, decoration, etc.
The key is to run the business to make it serious; this allows both to give credibility of the service and to increase to more competitive prices.
- ENTERTAINMENT / ENTERTAINMENT SERVICES:
Entertainment is another of the industries where there is greater profitability for the business.
The most difficult part consists of the initial investment, since depending on the idea, we will have to invest in special equipment (for example, a billiard has to invest in tables, balls, blocks, etc.) However, the main cost to consider then it is the rent of the premises and the expenses of promotion.
- MORE SERVICES BUSINESSES:
If you have any proposal for a service business idea, you can include it below in the comments section. We accept ideas; it is not space to promote your business.