Start A Cyberspace Security Business - Business Ideas

Updated: September 15th, 2022
Start A Cyberspace Security Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Cyberspace security refers to the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.

Demand for cyberspace security experts has been snowballing.

The US alone has reported an estimated 200,000 vacant cyber security positions.

With cybersecurity being a critical component in today's business environment, starting a cyberspace security business can be a lucrative opportunity.

To start a cyberspace security firm, get the right professional certifications so potential clients can trust your abilities.

Then, develop a business plan tailored to cybersecurity, and define the target market.

Finally, analyze the market and come up with an entry strategy.

Starting a cyberspace security business requires a great deal of effort, dedication, and most importantly passion.

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

Key Stats

market size
$26.4B
starting costs
$11.7K
gross margin
90%
time to build
210 days
growth
Organic social media
business model
Subscriptions
time investment
Full time

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

Cloud Monitoring as a Service

datadoghq.com

5,385

Zscaler

zscaler.com

17,615

BlackBerry – Intelligent Security. Everywhere.

blackberry.com

36,978

Web, Email and Network Security Software

gfi.com

52,225

Intego

intego.com

60,537

SC Media

scmagazine.com

75,316

Cybercrime Magazine

cybersecurityventures.com

101,757

Tanium

tanium.com

114,014

Flashpoint

flashpoint-intel.com

153,706

Empmonitor

empmonitor.com

191,557

Pulseway RMM Software

pulseway.com

197,947

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 cyberspace security business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a cyberspace security 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.

No overhead costs

To get your cyberspace security 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 cyberspace security business, 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 cyberspace security 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.

Work can be inconsistent

As a cyberspace security business, 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 cyberspace security business, 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 cyberspace security business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a cyberspace security 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.