Are you interested in starting a services business? What is the best service business to start? Do you need unique service business ideas that will make you money? Then this article is for you.
Everyone has skills, knowledge and experience; and anyone can convert these self developed assets into a lucrative business. What you just need is the determination and a little bit of creativity to get started. In fact, most service businesses require little or no money as startup capital; provided you possess the knowledge.
The service industry has grown big, overtaking other fields of businesses in the last 15 years. But for entrepreneurs, business owners, technical and highly skilled individuals, starting a service business is a very good career path to follow.
- Who can sell a service? Who can start a service business?
The answer is simple; anyone and everyone. Everyone is qualified to provide one service or the other because each of us possesses skill, knowledge or experience that other individuals are ready to pay for in the form of a service; or they are willing to pay you to teach them your specific skill or knowledge. Selling services know no boundaries; in fact, anyone with a need or desire to earn extra money, work from home, or start and operate a full-time business can sell a service, regardless of age, business experience, education or current financial resources.
- How to Capitalize on Your Skills
Don’ t worry if you lack business skills and experience in areas such as time management, personal-contact selling, negotiating, bookkeeping and the ability to create effective advertisements. Though these are all important skills to have, but at the same time they are also skills that can be learned and mastered with constant practice. More important than all these skills is the question:
“What skill(s) do you have that can be sold as a service?
Any skill(s) you possess can be your best and your most marketable asset. Being a self employed entrepreneur and business owner for a number of years, the fruits of being your own boss is the freedom and independence that calling the shots affords, which can be difficult to achieve when you work for others. With that being said, below are 12 unique service business ideas you can start today and make a lot of money.
12 Best Unique Service Business ideas to Start and Make Money
- Starting Your Own Money Lending Business
Venturing into a money lending business is a good idea because people need money nowadays. However, you need to focus on a small market if you want to be competitive. It will be best if you start small. You must also note that proper documentation is vital in order to keep track of your cash flow. There should also be well a written kind of documentation on the agreement to be reached between you and the borrowers.
- Start a Corporate Training Business
Corporate training is one of the most stressful activities for a company’s human resource department, yet the training is forever in demand because people constantly need to be trained for new processes or programs that the company uses. You can take advantage of this demand by establishing your own corporate training business. In order to carry out the corporate training business effectively, you may need a wide contact base. These contacts should include individuals working in the Human Resource departments of various companies, or even at the executive level.
- Starting your own Computer Training Center
A computer training center is a place where people go to learn how to use a computer and accomplish tasks using the computer. The lessons offered can range from the basic to the utterly advanced. With the computer becoming an item that’s used on daily basis in every career thinkable, it is now a must that everyone know how to use it. Armed with this fact, you can tap into starting a computer training center; and you will smile to the bank because it is a very lucrative business opportunity. Setting up a computer training center is not a difficult task, once you familiarize yourself with its intricacies.
- Start an Auditing Business
Starting your own auditing business requires various skills and talent in order to attain success. One of the most important things you have to consider before starting this business is to write an auditing business plan because this will help you establish your goals. Auditors usually make money through commission payments. Since the trend today is hiring auditors who are not part of the company, you can tap into this trend. The fact is that external auditors are much preferred compared to internal ones, due to the fact that the former provides more transparency and it is less likely for them to be influenced by individuals in the company.
- Start a Health and Fitness Club
There are a lot of advantages that you can reap from starting a health and fitness center as a business. This is because Nigerians now acknowledge the benefit of keeping fit and that is why many people are so health-conscious; and they will do anything just to maintain or lose weight. In fact, they will pay money to use a club’s physical fitness equipment as long as they see results. A health and fitness club’s offerings are not limited to providing equipment that can be used for exercise. It can also sell health products like vitamins and food supplements, among others, that would complement your clients’ health and fitness routine.
- Start a Security Company
Before you start a security company, you first need to register your company with the Civil defense corps or with state security department or police. Secondly, you need to determine what kind of security service you want to provide. Is it only the executive protection or bodyguard services? Or will you add other security services such as patrolling, cash in transit, event security, etc?
Regardless of the option you choose, you will definitely make a lot of money by providing security for Nigeria Millionaires, Celebrities, and Corporate organizations. But you must make sure that the individuals you hire are provided with the necessary training with respect to giving executive protection. You should strive to hire people that match the standard or needed requirements for your permits.
- Start a Laundry or Dry Cleaning Business
A laundry or dry cleaning business can start off very small, and it has great potentials for growth and expansion. Plus, the fact that most everyone needs the services of a good neighborhood dry cleaning business makes it an ideal entrepreneurial practice. A dry cleaning service can also have laundry services, but not all laundry services have dry cleaning. The wonderful thing about the dry cleaning business is that it leaves a lot of room for business development and growth.
- Road haulage transport business
As a new entrant into the business of Haulage business, you can decide to buy a Trailer or more and station it with any of those multinational companies, they will maintain your Trailer for you, employ a driver for you, at the end of every month; all you need to do is to go their office and collect your money. These companies usually pay between N1million to N5million on a Trailer every month but before you can be part of this, you need to register with them as a contractor or fall under another contractor in their fleet. You don’t have an excuse for not getting a trailer as there are so many leasing companies in Nigeria that are giving out Trailers to interested investors in this sector of the economy.
- Break into the directory publishing business
The Directory contains a wealth of information of interest to visitors and is also enticing to the advertisers. Your income is from paid advertisements in your publication. Advertising rates are proportionate to the circulation; which is the total number you print and distribute to people. Therefore; the more you print and either sell or give away, the more you can charge for your ads.
- Starting a Recruitment Agency
Thousands of Nigerians are on the look out for recruitment agency jobs. Many businessmen have already seen this as a good opportunity and invested on recruitment agencies. If you are looking for a perfect business that you can engage in, you might want to consider investing in a job recruitment agency. You can, for example, send letters to companies and tell them about the services that you offer. It is best, however, that you are able to persuade them to avail of your employment recruitment agency services by telling them about the advantages and benefits that they can avail when they take advantage of recruitment agencies.
- Export Service
Nigeria is a country naturally blessed and endowed with items that are in serious demand in the export markets around the world. We are not only blessed with solid minerals (besides crude oil), we are also blessed with natural resources, good climate and weather conditions to support the growth of commodities that are industrially useful in the developed nations. No wonder an Asian will come into this country with a briefcase and 2-5 yrs down the line, he would become an employer of labour by harnessing our resources to build wealth for himself via export business opportunities in Nigeria.
This business is not only very profitable (about 25-100% ROI); it also has a short transaction cycle of about 6-8weeks. It is a very good plan B, and it could therefore constitute a very good option in your exit strategy as an employee.
- Providing special information
Do you know that you can make a lot of money by just providing special information on small pamphlets? You don’t even need to be the owner of that information; all you need to do is to contact people who have the information, compile this information and sell for a profit.
Nigerians need information on how to operate their GSM phone, sports, they want to live long and healthier life, and they want to make money. If you can provide this information on small pamphlets, you will definitely make a lot of money. In fact, this business opportunity best suit people with good writing skills.
So what are you waiting for, your ultimate aim of providing a unique service to Nigerians may be lying in this money spinning service business ideas listed above.
Author’s Bio: Tunji Afuwape is a small business finance consultant and expert. He is the CEO of 21st Strategies. He provides “how-to” advice on small business and home-based work issues. His organization helps small businesses reach their fullest potential. You can read his full bio here and contact him also for business advice.