Benefits of Starting a Service Side Business
MIKE NESSELBECK www.businessideainsight.com
If you’re at that stage where you’re
Instant profit
business, you’re able to tailor that
looking to launch a side business, but
If you base the service that you’re
service to fit the very specific needs of
you don’t necessarily have the idea
selling on the skills and passions you
a very specific group of people.
nailed down or you’ve launched it yet,
already have, you’re able to deliver
Similarly, once you’ve done that, there
you’re in that stage where you’re sort
that service without having to hire
is usually only a few competitors in
of wondering what you should start
someone, and this keeps your
that area that can offer a service like
and gathering ideas for potential side
overhead costs low.
what you’re offering.
probably come across a lot of different
You can generally operate this from
If it’s based on the skills, knowledge,
business models like Drop shipping,
the comfort of your own home. Then
passion and experience you have, it
affiliated marketing, amazon FBA, or
you don’t have to worry about renting
will be hard for someone else to come
software side businesses etc. and list
out any space in order to hold
into the market and offer the exact
goes on and on.
inventory or spending that five to ten
same thing, because yours is so
thousand dollars initially on inventory
highly differentiated on the unique
There’s so much information out there
to sell. With the service, you can
value proposition that you can offer to
about starting a drop shipping
develop the offering and deliver it
the market.
business, or Amazon FBA that it’s
yourself to keep costs really low. And
beat into your head that these are the
this will allow you to generate a profit
paths you should take, but let’s
more quickly.
businesses you could launch. You’ve
When you’ve built a service and you’re
discuss why you should consider starting a service based side business.
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MBE BUSINESS MAGAZINE NOVEMBER 2020
Build a name and reputation for yourself
Decreased competition with specific targeting
offering that to a specific industry, that
Building a service based side
start your marketing, meet people and
gives you a chance to get out there,
W W W. M B E F O RYOU. C O M
