Start A Natural Gas Business - Business Ideas
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.
It is worth noting that natural gas is a fossil fuel that is not renewable.
Natural gas companies use natural gas to produce electricity and heat. They are also involved in the transportation of resources through pipelines.
The business of natural gas has many risks associated with it. One such risk would be that if there are any accidents in the pipeline system, then there could be serious consequences for the company and the people living around it.
Starting a natural gas business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell natural gas , or selling natural gas online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
Min Startup Costs | Max Startup Costs | |
---|---|---|
Office Space Expenses |
$0 |
$6,900 |
Employee & Freelancer Expenses |
$151 |
$352 |
Business Formation Fees |
$5,600 |
$20,400 |
Equipment & Supply Expenses |
$63 |
$700 |
Inventory Expenses |
$350 |
$14,750 |
Vehicle Expenses |
$2 |
$10,004 |
Training & Education Expenses |
$0 |
$2,000 |
Website Costs |
$13 |
$215 |
Food Business Expenses |
$25 |
$500 |
Retail Business Expenses |
$0 |
$950 |
Advertising & Marketing Costs |
$75 |
$2,486 |
Successful Businesses
Business | URL | Rank | |
---|---|---|---|
Spire Energy |
spireenergy.com |
70,710 |
|
HomePage |
cngcorp.com |
309,051 |
|
Cascade Natural Gas Company |
cngc.com |
404,988 |
|
True Natural Gas |
truenaturalgas.com |
487,735 |
|
LNG Industry |
lngindustry.com |
951,326 |
|
Gas Strategies |
gasstrategies.com |
1,053,246 |
|
Minnesota Energy Resources |
minnesotaenergyresources.com |
1,165,570 |
|
American Oil & Gas Historical Society |
aoghs.org |
1,614,070 |
|
Mountaineer Gas Company :: Mountaineer Gas Company |
mountaineergasonline.com |
1,923,259 |
|
Bionic |
bionic.co.uk |
2,282,741 |
|
NGV America |
ngvamerica.org |
2,368,052 |
Pros & Cons
Pros | Description |
---|---|
Rewarding work |
Starting a natural gas 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. |
Meaningful business connections |
You never know who you will meet as a natural gas business. 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 product or service becomes indispensable to your customer. |
Pick & choose the clients you work with |
Natural Gas Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients! |
Unlimited income potential |
With starting a natural gas business 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 |
---|---|
Crowded Space |
Competition is high when it comes to your natural gas 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 natural gas 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. |
Low margins |
The gross margins for your natural gas business are typically around 30%, which can make it more challenging to incur new expenses and maintain profitability. |
High employee turnover |
In the natural gas business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment. |
Work can be inconsistent |
As a natural gas 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. |
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings