Business Idea

Start A Background Check Software

About

Starting a background check software requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell background check software, or selling background check software online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a background check software ➜

Key stats

market size
$2.8B
revenue (monthly)
$500K
starting costs
$37.4K
gross margin
76%
avg product price
$15
time to build
12 months
growth
Partnerships
business model
Media Business & Subscriptions
time investment
Full time

About

Starting a background check software requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell background check software, or selling background check software online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a background check software ➜

Key stats

market size
$2.8B
revenue (monthly)
$500K
starting costs
$37.4K
gross margin
76%
avg product price
$15

 

time to build
12 months
growth
Partnerships
business model
Media Business & Subscriptions
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
App Creation Costs $1,000 $20,000
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $2,750
Other Expenses $0 $800
Total Startup Costs $7,517 $67,244

Successful Businesses

Business URL Rank
403 Forbidden background-checks.thetop10sites.com #38,014
Sterling sterlingcheck.com #186,064
Professional Datasolutions, Inc., pdisoftware.com #414,877
Clear Star clearstar.net #572,997
Safe Hiring Solutions www.safehiringsolutions.com #611,642
unknown lasersub.com #5,577,259

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Meaningful business connections You never know who you will meet or get to work with for your background check software. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your background check software becomes an integral piece of their every day lives.
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
Unlimited income potential With your background check software, there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.
Cons Description
Longer Sales Process A background check software can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Low margins The gross margins for your background check software are typically around 76%, which can make it more challenging to incur new expenses and maintain profitability.
Taxes As a background check software, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
Stressful work This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.
Niche Market A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

Marketing Ideas

  • 1

    Word of mouth

    The most tried and true way to grow a background check software is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 2

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to background check software.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜

  • 3

    Pay Per Click Advertising

    Pay-per-click (PPC) is a performance-based marketing method that allows you to show specific ads for services or products oriented to a very defined target, with the goal that the user visits your website or landing page.