Are you a budding entrepreneur but you lack ideas on what B2B service business to start? If YES, here are 100+ best small business ideas in the B2B industry.
B2B is a type of business model where exchange of goods and services take place between two or more businesses, instead of between a business and an individual. B2B companies have an entirely different target audience. They offer the raw materials, finished parts, services or consultation that other businesses need to operate, grow and profit. Some of the services they can offer include payroll, data entry, recruitment, consultancy, etc.
If you have products or specialized skills that can be beneficial to businesses at any point, then you may find it easy to set up a B2B related business. From research, it is has been discovered that B2B businesses thrive based on their level of experience, as no business would want to hire the services of an amateur.
So, if you are starting a B2B business, make it a point to increase your years of experience, even if it means you offering your services for next to nothing for the time being. If you are wondering if you skills fall with the B2b service sector, we have provided you a couple of examples for you to look through.
100+ Best Small Business ideas in the B2B Industry
Consulting is the business of providing expert advice to a specific group of people. As a Business consultant, you will typically offer expert advice in various areas of business such as management, accountancy, law, human resources, marketing, finance, etc.
Unlike an employee, a consultant is hired as a third-party contractor, and typically works with a business or individual on a short-term or part-time basis to address specific issues. If you have been certified in any area of of business, you can go ahead and open a consulting firm.
A staffing agency is also known as an employment agency, and it is saddled with the responsibility of matching employers with employees. In all developed countries, there is a publicly funded employment agency and multiple private businesses which act as employment agencies.
You can enter his industry as a private firm. Just like most staffing agencies, you will make most of your income by taking a percentage out of the salary of the employees you offer employment.
Freelance Writing is another business that falls under the B2B industry. A freelance writer is person who is self-employed and is not necessarily committed to a particular employer long-term. You can offer your services to as many people as you can handle at a given time. You only need to set your schedule to suit your time. You do not need any capital to start this business, you just require the ability to market your services.
4. Virtual Call Center Business
A virtual call center is a call center in which the organization’s representatives are geographically dispersed, rather than being situated at work stations in a building operated by the organization. A virtual call center involves contracting with businesses to answer and monitor their phone calls.
Your call center would indeed become profitable if businesses see it to be reputable. If your call center is bilingual, you will definitely earn higher than others, and attract more customers.
Mystery shopping is a method used externally by market research companies or watchdog organizations, or internally by companies themselves, to measure quality of service, or compliance with regulation, or to gather specific information about products and services.
This is yet another easy to set up B2B business. You get to offer your services to other businesses in return for payment. To start and succeed in this business, you have to be well versed in market research, data analysis and the likes.
A shared work space business is a business that provides spaces for people to carry out their businesses at a specified rate. The shared work space business targets entrepreneurs that typically do not have any venue for their business, as well as those that are solo employers or that have very few employees.
7. General Contracting Business
A general contractor is a businessperson who is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and the communication of information to all involved parties throughout the course of a building project.
The general contractor, having gotten hold of a contract, then sub contracts the job to other professionals who can handle them, while he or she supervises. General contractors get paid by taking a percentage of the overall cost of the completed project. Usually 10 or 20 percent.
8. Temp Staffing Agency Business
A temporary work agency, temp agency or temporary staffing firm finds both long term and short term temporary workers for businesses. Companies in need of short-term workers, contract with the temporary work agency to send temporary workers, or temps, on assignments to work at the companies. Temp agencies usually deal with particular professions or businesses, such as healthcare, information technology, accounting, office administration, or industrial labor.
To put it simply, an answering service is a type of service that can manage both inbound and outbound business communications for various industries. Communications can include answering phone calls, responding to emails, replying to text messages, transferring calls, cold calling, etc. This is yet another communication related B2B business.
10. Business Plan Writing Service
A business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it. Ever business needs a business plan, but not every business person or entrepreneur knows how to put a business plan together. Herein lies a successful business.
For years, business researchers have been making fortunes by writing business plans for startups or businesses that are seeking funds that would give them a better chance of bagging loans from banks and financial institutions. Some business plan writers charge as much as $5,000 for a single business plan. That’s how profitable the business is.
11. Business Development Company
A Business Development Company is a form of unregistered closed-end investment company in the United States that invests in small and mid-sized businesses with the intention of helping them meet their capital needs and grow. BDCs are often compared to venture capital funds, but instead of only being open to accredited investors, they are available to all investors. This is yet another profitable B2B business.
12. PR Firm
Public relations is the practice of deliberately managing the spread of information between an individual or an organization and the public.
PR firms typically analyze organizations, find positive messages in their activities or practice and translate those messages into positive media stories with the aim of uplifting the image of the organisation in the perception of the receiving public. Publicity is the center point of any businesses’ success, and this is the responsibility of a PR firm.
Market research allows a company to discover its target market and get opinions and other feedback from consumers about their interest in the product or service of the company. This type of research can be conducted in house, by the company itself, or by a third-party company that specializes in market research.
Market research uses scientifically-led studies to collect necessary market information, enabling entrepreneurs to make the right commercial decisions. This is yet another beneficial B2B business. Your success in any given business project buoys up your reputation in the industry as a reliable market research company.
14. Business Process Outsourcing Business
Business process outsourcing (BPO) is the contracting of non-primary business activities and functions to a third-party provider. BPO services that are usually outsourced include payroll, human resources (HR), accounting and customer/call center relations, and lots more.
BPO is also known as an information technology enabled service (ITES). Outsourcing is popular because it allows companies to reduce short-term costs, as well as work load on their existing employees. A lot of companies are existing solely to take the weight off big time companies, and you can too. You just need to find out where your skills fit in perfectly.
15. Customer Service Consulting Business
Customer service consultants are people that spend a lot of time answering phone calls and talking to customers regarding their company’s products or services. A customer service consultant can help a company retaining most of its customers by improving their service policies and actions.
They use their customer service knowledge to handle difficult customers and make sure that each customer has a good experience each time. If you have good background in customer service, then you can turn this into a business by helping companies handle and retain most of their customers.