A service business is one type of business that you can choose, especially if you have special skills in a certain field. In this modern era with the support of technology like now, this business can be a promising wetland for you.
In this article, the BFI Finance Team will discuss what a service business is and what areas you can try to make additional income or main income.
1. Definition of Service Business
A service business is a type of business that offers certain services, skills, personnel, or knowledge to customers. Technically, this business does not produce tangible products, but the value that is obtained can be felt by customers. For example laptop repair services, translation services, wedding photo services, and others.
This type of business has several advantages, such as relatively small capital, does not require a special place, and does not require stock and distribution. In addition, this type of business has the potential to create jobs, meet community needs, and of course can help turn the wheels of the economy of a region.
2. 23 Most Profitable Types of Service Businesses in 2023!
Here is a list of types of businesses in the service sector that you can try as a source of additional income.
2.1. Entrusted Services (Jastip)
For those of you who like to shop, this type of service business will be very exciting to try. The reason is, through jastip you can keep shopping without worrying about a dry wallet.
Some entrusted service business ideas that you can try include:
- Jastip Cosmetic Products
- Jastip Typical Souvenirs of Certain Regions / Cities
- Food Court
- Jastip Children's Toys
- Jatip Gadget
2.2. Drop Shipper
Similar to the jastip system, the difference is that your dropshipper acts as both a buyer and a seller. The way it works is that you buy an item according to the customer's order and then it is sent to the buyer's address.
For this type of service business, you need a trusted supplier with a fairly low product price, so that you not only satisfy customers, you can also benefit from every transaction.
With a laptop or smartphone and an internet connection, you can market your products through online platforms such as Instagram, Facebook, or marketplaces.
2.3. Content Writer
If you love writing, these business ideas might be for you. Being a content writer is a skill that is in high demand nowadays.
The results of content writer writing are needed as a contributor to traffic on a website. This traffic is expected to increase the brand awareness of a company and become leads or customer prospects in the future.
Currently, there are also many companies that offer freelance content writer services. Of course, this business opportunity can be your additional income, right?
2.4. Digital Marketing Consultant
Digital marketing is a marketing method that is currently on the rise. If a few years ago, you used booths or distributed pamphlets to market your products, now you can reduce these marketing activities through digital marketing.
With digital marketing, you can market your products online and are not limited by distance. Promotional activities through digital marketing can be done by using paid advertisements on Facebook and Google. You are required to have a certain budget every day so that your ads can run through the platform.
Yes, this one service business idea requires special expertise on how to operate Facebook and Google paid ads. If you don't have that expertise yet, you can invest in taking online courses that specifically study the material. After you master the skills, then you can become a professional digital marketing consultant. Good luck!
2.5. Social Media Management Service
Over time, social media such as Instagram, Tiktok, and Facebook, have new features and content that are entertaining and useful. This attracts social media users to use it as a means of entertainment or learning.
Seeing this opportunity, of course, social media is also an important asset that must be owned by a brand. That way, it takes people who are good at managing social media professionally.
Becoming a social media management service provider can be a service business idea that cannot be underestimated. If you feel you have high creativity and are always updated on the latest information developments, running a social media management service is certainly the right choice.
2.6. Laundry Services
The laundry service business is a business that is always needed in everyday life. With a busy lifestyle, many people are looking for a trusted and reliable laundry service.
By opening a laundry business in strategic locations such as office areas and student areas, you can get a good profit and even have the potential to be used as regular income.
2.7. Pet Shop
The pet shop business is now increasingly popular and attracts a lot of attention from business people. For those of you who are interested in opening a pet shop business but are confused about where to start and take care of existing management, you can join a pet shop franchise business.
Joining a franchise allows you to keep your business running smoothly, from selling pet food, tools, toys, and grooming services.
2.8. Expedition Services
As times progress and the shift in consumption patterns from conventional to digital, many people prefer to shop online. This not only provides a great opportunity for business people to expand their business but also for delivery services to benefit from this situation.
With the increasing need for goods and parcel delivery, you can take advantage of this high demand to generate stable income by starting a freight forwarding business.
Choose a courier service that is trusted and able to provide support in carrying out daily operations. You can compare one expedition with another before settling on choosing an expeditionary service franchise.
2.9. SEO Consultant
Apart from being a digital marketing consultant, becoming an SEO or Search Engine Optimization consultant can be the next service business idea. SEO is a technique needed for a brand to appear on the main page of search engines like Google, organically.
If you don't know the correct SEO technique, currently there are many platforms that teach SEO techniques from scratch. Or you can learn through the Youtube platform for free. The more often your brand appears on search engines like Google, the more likely it is that your brand will be known by many people. Is it interesting to be an SEO Consultant?
2.10. MUA (Makeup Artist)
This business opportunity has pretty good growth. Because appearance is always in the spotlight in various important events. Many people want to look beautiful and attractive, so they need the services of an MUA to help them apply make-up and makeup.
By starting this business, you can make a lot of profit. Especially if you have good skills and an equally good reputation among customers.
2.11. Translator
Image Source: Pexels/Shvets Production
Have good foreign language skills? Becoming a translator or interpreter is a service business opportunity that's right for you!
Many companies or individuals need translator services to translate documents, website content, or even conversations in video conferences. With the skills you have, you can offer translation services online through a freelancer platform or build your own client network.
2.12. Personal Shopper
Love shopping and have a good taste for mix and match? Don't hesitate to start a business as a personal shopper!
This job is quite prestigious because it is needed by famous people to help them choose the right groceries. Besides meeting famous people, you also have the opportunity to visit prestigious shops that sell branded goods.
2.13. Online Private Teacher
The next most profitable service business is teaching online through certain platforms. Currently, distance is not a barrier to learning. By taking advantage of online platforms, you can learn from more experienced people who are hundreds of kilometers from your home.
If you master English actively, for example, you can change this opportunity by becoming an English teacher on the Italki or Duolingo platforms. In addition to increasing income, being an online teacher will certainly increase friendships across regions. Excited!
2.14. Hampers
Hampers are one of the items that are in great demand by the public. This is because with hampers we can send gifts anywhere without having to bother coming to the store and wrapping them.
Various hampers business ideas that you can try:
1. Hampers for graduation gifts
2. Hampers for birthday gifts
3. Hampers for wedding gifts
For the contents, you can vary a variety of unique and interesting items. Be it food or goods. Depending on the price you set or requests from customers (by request).
2.15. Website Development Services
This service business is for those of you who have coding or programming language skills. Currently, a website is an important asset for business owners, both digital and non-digital. Because the website is a "home" for the brand to be known to many people through online media.
Seeing this opportunity, running a website creation service can certainly be a promising digital business opportunity. Services for creating one website can be charged starting from Rp. 1,000,000, you know. The size of the fee depends on the level of difficulty and the needs of the website.
2.16. Content Creator Services
Enjoy being creative with digital content? Consider making this hobby one of the most promising business opportunities in 2023!
The reason is, today's social media is very booming and has become a daily necessity for most people. There are so many brands, MSMEs, influencers, and so on that need content creator services to run their business and various goals.
You can offer your services on various well-known freelancer platforms or by utilizing the network you have.
2.17. Jasa Event Organizer
Building a service business in the field of event organizers can be the next alternative choice that you can run with your family. The Event Organizer business is a type of business that requires many people to execute the events it handles.
You can take advantage of family members to help with the operation of this event organizer business. For example, the person in charge of finding partners, field coordinators, finance, services, and more.
2.18. Design Graphic
The next profitable service business is running a graphic design business. For those of you who have graphic design skills, you can try to open this service.
With your graphic design skills, you can create business logos, posters, banners, and so on. The ever-evolving business world always opens positive opportunities for graphic design services. If you don't have these skills yet, it never hurts to start learning now!
2.19. Barbershop
For most people, appearance is an important aspect of life. Therefore, opening a barbershop business can bring in very good income! Moreover, if you have hair-shaving skills and already have the equipment needed. Of course, the capital used to open this business will be cheaper.
2.20. Rent Car
A car rental business can be a service business opportunity in the transportation sector with abundant profits! The reason is, cars are able to reach faraway places, transport more people, and avoid the hot sun and hot air.
In other words, this business is a business that will never lack demand, especially on holidays when many people choose to go home or travel with their families.
2.21. Bisnis Fotocopy
Photocopying business is a type of business that is timeless. Photocopies of documents and printing services are still needed even in the digital era like now. In a month at least you can get around 3-4 million net profit from this one business.
2.22. Tour Travel
Do you live in an area close to tourist attractions? If so, the tour business can bring in a hefty profit!
Preparation for starting a tour business:
- Create a Clear Business Concept
- Determine Interesting Travel Destinations
- Prepare the Transportation Fleet
- Find the Right Business Partner
- Create a Website and Social Media Tour Business
2.23. Wedding Organizer
The wedding organizer business has lucrative business prospects. Many people who want to get married tend to choose wedding organizer services because they don't have to bother taking care of various things themselves.
Apart from being a wedding organizer, you also have the potential to earn additional income by opening a related service business. For example renting wedding equipment, providing catering, or providing wedding decorations.
3. Tips on Starting A Service Business for Beginners
To run a service business successfully, you need to prepare a few important things. Starting from choosing the type of business, understanding market needs, preparing a certain amount of capital to support business operations, to providing the best service so that customers are satisfied and loyal.
So, for those of you who want to start a service business for the first time, here are some tips that you can apply:
3.1. Determine the Type of Business According to Interests, Talents, and Expertise
Choose a service business that suits your interests, talents, and expertise. Don't choose a type of business that you don't understand or don't like. The reason is, this will affect the quality of service and your satisfaction in running a business.
3.2. Do Market and Competitor Research
Before starting a business, you need to know who your target market and competitors are. Look for information about your prospect's needs, preferences, and behavior. Also learn the advantages and disadvantages of your competitors. This will help you determine your marketing strategy and business differentiation.
3.3. Make A Clear Business Plan
A business plan is a document that contains your goals, vision, mission, goals, strategy, budget, and evaluation of your business. A business plan will help you run a service business in a targeted and measurable manner. A business plan will also help you get support from other parties, such as investors or business partners.
3.4. Prepare Sufficient Capital
Even though a service business does not require large capital, you still need to prepare sufficient capital to start and grow your business. Capital can come from personal savings, family or friend loans, bank loans, or unsecured loans from other financial institutions.
One source of capital that you can use to start a service business is an unsecured loan from BFI Finance. An unsecured loan is a loan that does not require collateral or collateral as a condition for filing.
3.5. Promote Your Business Online and Offline
To attract customers, you need to promote your service business both online and offline. Online, you can use websites, blogs, social media, email marketing, or online advertising. Offline, you can use flyers, banners, business cards, or print ads.
For other tips on how to start an online business, you can get them through our article entitled How to Start the Best Online Business in 7 Steps!
Friends of BFI, that's the discussion of this article about the service business. The hope is that this article can be a source of inspiration that encourages you to become an entrepreneur and develop your existing skills.
BFI Finance is a company that provides multi-purpose loans with guarantees for motorbike bpkb, car bpkb, and house or shophouse certificates
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