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
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
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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.
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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.
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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.
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