Business Idea

Start A Customer Intelligence Analytics Business

About

Starting a customer intelligence analytics business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell customer intelligence analytics service , or selling customer intelligence analytics service 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 customer intelligence analytics business āžœ

Key stats

market size
$66.4B
revenue (monthly)
$840K
starting costs
$18.5K
gross margin
89%
avg product price
$275
time to build
12 months
growth
SEO
business model
E-Commerce
time investment
Full time

About

Starting a customer intelligence analytics business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell customer intelligence analytics service , or selling customer intelligence analytics service 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 customer intelligence analytics business āžœ

Key stats

market size
$66.4B
revenue (monthly)
$840K
starting costs
$18.5K
gross margin
89%
avg product price
$275

 

time to build
12 months
growth
SEO
business model
E-Commerce
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Equipment & Supply Expenses $500 $5,000
App Creation Costs $1,099 $20,099
Software Expenses $162 $2,894
Advertising & Marketing Costs $0 $2,500
Website Costs $13 $215
Other Expenses $0 $300
Training & Education Expenses $0 $850
Total Startup Costs $2,524 $38,858

Successful Businesses

Business URL Rank
SAS sas.com #7,459
Bold BI boldbi.com #89,250
Altair altair.com #94,612
EverString everstring.com #97,689
Cloud Security Alliance cloudsecurityalliance.org #136,723
United World Telecom dba Global Call Forwarding globalcallforwarding.com #166,300
Pointillist pointillist.com #218,644
eVestment evestment.com #348,536
Gravy Analytics gravyanalytics.com #395,641
84.51Ā° www.8451.com #572,872
VIRTU Financial Inc. virtu.com #572,881

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!
Rewarding work Starting a customer intelligence analytics business 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.
Traffic to your website A customer intelligence analytics business gives people a reason to visit your website and to keep coming back to you!
No overhead costs To get your customer intelligence analytics business 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 customer intelligence analytics business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A customer intelligence analytics business 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.
Isolation Often times, as a customer intelligence analytics business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a customer intelligence analytics business, 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.

Marketing Ideas

  • 1

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

  • 2

    Email marketing

    Email marketing is the act of sending a commercial message to a group of people using email.

    Marketing via email is a highly effective strategy used by entrepreneurs to advertise, request business, or to build brand awareness.

    According to Backlinko, shoppers spend more when marketed to through email, compared to those who do not receive email offers.

    Therefore, email marketing is an essential tool that helps entrepreneurs to reach target audience.

  • 3

    Brand Authenticity

    Brand authenticity refers to the extent to which customers perceive a brand to be faithful toward itself and its consumers.

    According to Social Media Today, 86% of consumers say authenticity is important when deciding the brands they like and support.

    Thus, brand authenticity makes stronger connections as genuine messages and ideas resonate more powerfully with people.