40 Best Service Business Ideas with low investment – Service with a smile. If you love to serve your customers, you can start your own service business. The service industry is growing at a faster rate and there are multiple business opportunities in the service sector.
It is easy to start a service business and Investment required for the service business is very low. The risk associated with a service business is NIL as you are not selling any tangible products. You are selling services. Looking at the benefits it is highly recommended to start a service business. Here is a list of 40 Best Service Business Ideas that can be started with low investments.
40 Best Service Business Ideas
#1 Accounting
Accounting or account keeping is one of the best service business ideas. In this business, you need to upkeep accounts and financial statements for small and medium-sized businesses. In addition to that, you need to prepare a balance sheet at the end of the financial year. You should have a deep understanding of accounting for starting this business. You can charge fixed money or an hour.
#2 Advertisement Agency
Opening an advertisement agency is one of the best service business ideas. You need to be creative in order to start an advertising agency. Your job is to help businesses in creating a new advertisement campaign. Initially, you need to work hard to establish your name. Once your advertising agency becomes popular you can earn a lot of money.
#3 Battery Recharge Services
Almost every vehicle two-wheeler and four-wheelers contain batteries. These batteries require charging or repair from time to time. Thus starting a battery recharging point is a very good business option. You may need to make a capital investment to start this business.
#4 Car Repair Services
Starting car repair services is next on the list. To start this business, you need to learn basic car repairs. Alternatively, you can employ a person aware of car repair. The investment required for this business is moderate.
#5 Car Wash Services
Car wash services in the metro area are gaining popularity. Many people prefer car washing services for the car. This makes car washing a popular business option. You require small space, manpower, and a car washing kit to start this business.
#6 Cartridge Refilling
Printer cartridge refilling is next in the list of service business ideas. The consumption of printers is increasing day by day. Every printer requires cartridges for printing thus starting cartridge refilling is a very good business option. You need to invest money to purchase machinery for cartridge refilling and ink making.
#7 Catering Services
Catering services is an evergreen service business idea. In this business, you need to provide food services for functions and events. You can either make food at the location or hire people to transport food. You require managerial skills as well as contacts to start this business.
#8 Cleaning Services
Home cleaning services or office cleaning services is next on the list. In this business, you need to offer cleaning services at regular intervals either daily or weekly. You require manpower to start this business.
#9 Courier Services
Courier services are becoming a popular option for sending documents and small items to various cities. You require a small space and manpower to start this business. It is advisable to take a franchise of famous courier companies to start this business.
# 10 Day Care Services for Elders
Elders and disabled people are always looking for help. Thus starting a day care service for the elderly is among very good service business ideas. Here you need to provide a caretaker at the elder’s place for a specific period. The charges could be on a monthly or daily basis.
#11 Electrician Services
An electrician is a skilled trade. If you are aware of this trade you can offer your services as an electrician at residential or commercial properties. The investment required for this business is NIL.
#12 Financial Planning
Financial planning services is next on the list. You can provide financial services from home or from the office. You need to clear an examination and become a certified financial planner or SEBI registered advisor before starting this service.
#13 Fitness Trainer
If you are a health and fitness enthusiast, you can think of starting a business as a fitness trainer. As a fitness trainer, you can provide personal coaching or you can open your own fitness center. It is advisable to do a fitness course before entering this field.
#14 Foreign Language Classes
Starting a foreign language class is next on the list of service business ideas. If you are an expert in a foreign language such as English, French, or Spanish you can start this business. You need to make a small investment in terms of creating basic infrastructure for this business.
#15 Garden Landscaping
Gardening and landscaping is another lucrative service business idea. In this business, you are responsible for landscaping and gardening. Many small and medium-sized companies, as well as homeowners, opt for gardening and commercial landscaping services.
#16 Home Appliance Repair Services
Home appliance repair service is next on the list. Here you need to keep competent manpower who can provide home repair services by visiting homes. You can accept requests via mobile or an online portal.
#17 Home Painting Services
If you are a professional home painter or you can hire a painter for home painting this business is for you. In this business, you need to help homeowners to transform the interior and exterior with good-quality paints.
#18 HVAC services
Demand for HVAC services increases in the summer season. If you are an HVAC specialist or if you have done a specialized course in HVAC you can start this business. You can provide services at home as well as office segment.
#19 Interior Designer
The task of an interior designer is to apply creativity and beautify a home. If you did a course of an interior designer or if you are an architect by profession you can start an interior designer business. It is a lucrative business option where you can earn a lot of money.
#20 IT services
IT is the buzzword today. Nothing works without IT services. If you are an expert in the IT field or if you have done an IT course you can start an IT services business. Here you are responsible for IT device installation or for IT hardware AMC. It is an evergreen business with a lucrative profit margin.
#21 Laundry Services
A laundry service or dry cleaning business is next on the list. You do not require any specific skill to start this business. It is a low-investment business where the associated profit margin is also low.
#22 Maid on Demand Services
Housekeepers and maids for cleaning a house are in great demand, especially in the city area. In this business, you need to provide a maid on demand. You can earn a very good commission in this business.
#23 Matrimonial Services
Matrimonial services mean providing matchmaking services for the bride and groom. It is a very good home-based business for women. Here you need to help prospective brides and grooms to meet face to face and decide the way ahead.
#24 Mobile Repairing Services
The usage of smartphones is increasing day by day. This gives birth to a new profession called mobile repairing services. Before starting mobile repairing you should go for a mobile repairing course.
#25 Music Classes
Starting a music class is next on the list of service business ideas. If you are a music expert and teach music including musical instruments you can start your own music class. The investment required for a music class is moderate.
#26 Packing and Moving Services
Packing and moving services help people to relocate their homes, offices, etc. This type of agency keeps competent manpower involved in the packing of items and moving. If this field attracts you, you can start this business.
#27 Pest Control Services
The pest control operator provides services of cleaning homes and offices from white ants, mice, and other pests. There are few restrictions on starting this business like location, permission, etc. Make sure to do research and study before starting a pest control business.
#28 Plumbing Services
The plumbing service is required at old as well as new buildings. If you have the proper training and equipment, start a plumbing business where you provide maintenance, repair, and installation services.
#29 Real Estate Agent
The task of a real estate agent is to help customers buy, sell, or rent a property. A real estate agent earns a commission for every transaction. If you have good contact and if you are outspoken you can start this business.
#30 Recruitment and Staffing
A recruitment and staffing agency is a firm that is instrumental in getting a job for the individual. In this business, you just need data on candidates looking for Jobs. You need to refer a candidate to the company and get a commission out of it.
If you are in the healthcare industry you can make use of hospital staffing software that streamlines recruitment and staffing processes, ensuring efficient management of healthcare personnel.
#31 Security Services
Every small or big company including homeowners opt for security services. Thus starting your own security agency is a very good business option. Here you need to provide security manpower to the customer.
#32 SEO Services
The demand for SEO services is increasing every day. If you are an expert in SEO or if you have done a course in SEO you can start your own online website providing SEO services. You need to work hard to establish your business.
#33 Spy Services
A spy is a detective who works on an assignment. Apart from that spies also work for many other assignments such as background verification checks, corporate shadowing, corporate investigations, etc. It is no investment business but risky in nature.
#34 Tailoring
Starting tailoring is the simplest yet very popular business option. In this business, you need to provide various tailoring services such as alteration, new cloth making, etc.
#35 Tax Planner
A tax planner is a person who helps an individual or company in order to do tax planning. They also help in the return preparation and filing. If you are an expert in GST and Income tax you can become a professional tax planner.
#36 Tiffin Services
If you are good at making food or if you have a chef who can prepare good food you can start tiffin services. This service can be started from home or from a separate location. Apart from daily tiffin orders, you can also plan to take a party or special occasion orders.
#37 Travel Agency
A travel agent helps in organizing travel including ticket booking, stay arrangement, sightseeing, travel insurance, and currency exchange. If you are good at making travel arrangements you can start a travel agency.
#38 Tuition Class
One of the evergreen service business ideas is tuition classes. You can start tuition classes at home or even from a small shop. You have to be very good at teaching various subjects to start this business. You can earn a lot of money from a tuition class.
#39 Videography
Professional videography and photography is a special field. If you are good at taking photographs or videos you can start a videography or photography business. A requirement of videographer is required at almost every event including weddings, parties, and popular events. You have to be very good at using a camera as well as photo and video editing.
#40 Wedding Planning
Wedding planning is the profession of assisting a client with the design, planning, and management of a wedding. The idea is to manage the event and make it memorable for the client. A wedding planner charges a lot of money for planning and management.
Conclusion
In conclusion, starting a service business with low investment offers aspiring entrepreneurs a pathway to financial independence and professional fulfillment. From consulting and digital marketing to tutoring and event planning, there’s a wide array of service business ideas to explore. By leveraging your skills, passion, and creativity, you can carve out a niche for yourself in the competitive landscape of service-based ventures. With determination, perseverance, and a willingness to learn, you can turn your entrepreneurial dreams into reality without breaking the bank.
FAQs
- Do I need prior experience to start a service business with low investment?While prior experience can be beneficial, it’s not always necessary. Many successful entrepreneurs have started service businesses with little to no prior experience and have learned along the way.
- How can I attract clients to my service business without a large marketing budget?Utilize social media, networking events, and word-of-mouth referrals to spread the word about your services. Offering promotions or discounts for first-time clients can also help attract new business.
- What are some common challenges faced by service business owners?Common challenges include managing cash flow, dealing with competition, and balancing client expectations with available resources. However, with proper planning and perseverance, these challenges can be overcome.
- Is it possible to scale a service business with a low initial investment?Yes, it is possible to scale a service business with low initial investment by focusing on efficiency, leveraging technology, and continuously improving service delivery processes.
- How can I differentiate my service business from competitors in the market?Focus on providing exceptional customer service, delivering high-quality work, and finding a unique selling proposition that sets your business apart from competitors.
