What are the best B2B business ideas? One of the most important keys to starting a business successfully is capital. However, one of the best low cost; yet profitable business opportunities any entrepreneur can tap into is a service business.
Most aspiring entrepreneurs shy away from service businesses; even though it is the easiest to start because it requires specialized knowledge or skill.
In this article, I will be highlighting 15 business to business services you can start right away with little capital. I got the inspiration to write this article by analyzing the business services I have utilized or paid for over the years; I am talking about services you can offer to businesses and entrepreneurs alike. The startup capital of a service business is usually low because of the little overhead required to start.
You can start a service business right from home; with little or no inventory and operational cost. The 15 business services listed below are highly profitable because they increase the bottom line of businesses and entrepreneurs will pay anything just to see an increase in sales and profit. If you are interested in starting a business to business service, then please read on.
What does it take to start a business to business service?
The answer is not much. You can start with as little as $0 capital and grow with sweat equity. You can start a service business from home as a self employed to keep your expenses low; and run lean until you begin to turn in profits. Then you can consider renting an office space and hiring employees.
The most important thing you need to start a service business is specialized knowledge or skill; because this is what your client will be paying for. So therefore, you must be an expert at something. Being an expert at something or having a specialized skill doesn’t require you be a college graduate.
You can acquire the necessary skills by attending seminars, workshops or apprenticing with an established expert. After honing your skill, you then proceed to gain some real life experience. Aside these, you are good to go with your service business. Having said all this, below are 15 business services you can start with little or no money.
23 Business services B2B Ideas You can Start with No Money in 2020
1. Business consultancy
Are you an experienced entrepreneur or business owner? Do you know what it takes to start a business, build a business, run a business and grow a business? Then you can start a business consultancy outfit. You can help businesses or entrepreneurs get off the ground by offering business advice and guidance. You can also assist employees transit into entrepreneurs.
If you are well grounded with the metrics of running a business on a lean budget, raising venture capital and growing a business; then you can become a small business advisor to startup entrepreneurs. How about becoming a small business coach? Don’t fret, small business coaching services is a business that has been in existence for long and those in it are reaping the rewards but it’s never too late to get in.
3. Feasibility study and research services
You can build a business around conducting feasibility study and research for entrepreneurs. Not every entrepreneur is willing to undergo the stress of conducting a feasibility study on their business idea or opportunity; so they will gladly pay someone to do the dirty work on their behalf.
Just like the case of feasibility research; most entrepreneurs avoid the dirty work of writing a business plan. In fact, most entrepreneurs don’t even know how to write a business plan that has the capacity to attract investors and they are not willing to commit time to learn it. If you can satisfy this need; you have a business on hand.
5. Business opportunity research
I have a couple of friends who started a business opportunity research services and they are doing well in this business. All they do is to keep an eye on forthcoming trends, needs or business opportunities; prepare a plan around it and sell it to major corporations.
Sometimes, they come up with product ideas and business ideas with market potential; then they sell such ideas to major corporations to develop. If such activity interests you, then you can start a business opportunity research service business.
Do you have expertise in branding? Then you can start a business advising small business how to build a brand or increase their brand awareness. You can also offer brand management consultancy services to big firms if you can market yourself to them.
7. Logo Design
Logo design service demand is on the rise. With small business looking for possible avenues to set themselves apart from competition; having a unique eye catching logo is definite one way to achieve that. Can you design eye catching logos; then get into the logo design service business. You can even partner with a brand consultant or marketing consultant to get more business.
8. Marketing consultancy
Can you show me a cost effective way to increase my customer base by 30% – 70% or more? If yes, then you have a business on hand. You can position yourself as a professional marketing consultant and show small business owners how to attract customers and increase sales for a fee.
9. Social media consultancy
The world is going social media crazy. Do you know how to generate traffic and improve brand awareness on social networking sites like Facebook, Twitter and LinkedIn? Then you can become a social media consultant and make money for yourself.
Human resource management is one of the many business processes that are now being outsourced. Business owners are now concentrating on their core; they don’t want to be bugged down by the process of employee recruitment and staff handling. You can step in and solve this problem by starting your own employee recruitment firm.
Are you good with numbers? Is balancing the books something you are passionate about? Are you good at accounting? Then nothing stops you from starting a bookkeeping service business.
12. Press release writing services
Free publicity is something every business owner desire but unfortunately; only few know how to get it. If you are good at writing press releases that’s sure of getting published, why don’t you charge business owners a fee to help them increase brand awareness via public media.
13. Startup venture capital brokerage
Raising capital is one of the business challenges entrepreneurs dread most but unfortunately; it’s a nightmare we can’t run away from. If you can position yourself as a middleman or broker; linking up startup entrepreneurs with venture capitalists and angel investors, then you are in business.
You make money in this business by charging a percentage of the total money raised by the entrepreneur. Some smart entrepreneurs have even taken this business idea online (CrowdFunding), you can do the same.
14. Printing services
This business is well known and may look common, but it still remains profitable. You can start a business printing business cards, brochures, flyers, posters and catalogues for small businesses.
15. Event management
Most small business owners love being part of summits, expos and tradeshows but they just don’t know how to go about it or how to package their product and services at such shows. This need creates a vacuum for smart entrepreneurs who have an eye for business event packaging.
Other Business to Business Services you can start
16. Employee performance evaluation service
19. Business name registration services
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