Business Idea

Start A Business Solution Provider

About

Starting a business solution provider requires a great deal of effort, dedication, and most importantly passion.

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

Key stats

market size
$242B
starting costs
$12K
gross margin
90%
time to build
210 months

About

Starting a business solution provider requires a great deal of effort, dedication, and most importantly passion.

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

Key stats

market size
$242B
starting costs
$12K

 

gross margin
90%
time to build
210 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Employee & Freelancer Expenses $150 $250
Website Costs $223 $7,015
Business Formation Fees $600 $4,700
Software Expenses $162 $2,894
Advertising & Marketing Costs $0 $1,400
Total Startup Costs $1,135 $23,259

Successful Businesses

Business URL Rank
Availity Revenue Cycle Management, Clearinghouse, Provider Portal availity.com #40,055
Sherweb sherweb.com #69,126
ESDS esds.co.in #101,894
Solutionreach solutionreach.com #103,338
Vitelglobal vitelglobal.com #120,824
Web Hosting Providers & Business Web Hosting Solutions hostreview.com #130,877
Comarch comarch.com #137,234
Hakimi Solutions hakimisolution.com #192,978
DataTrans Solutions: EDI Service Provider & Software Solutions datatrans-inc.com #276,229
Magellan Solutions: SME Call Center Services magellan-solutions.com #392,620
Home Care & Hospice Resource healthcareprovidersolutions.com #420,190

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!
Little startup costs required The cost to start a business solution provider costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.
Rewarding work Starting a business solution provider can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs To get your business solution provider started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Cons Description
Crowded Space Competition is high when it comes to your business solution provider, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process A business solution provider 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.
Work can be inconsistent As a business solution provider, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits With a business solution provider, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a business solution provider, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a business solution provider, 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.