The demand for private security services is increasing, a trend that is fueled by the rising number of violent crime incidents and terrorism incidents.
Therefore, if you wish to enter the private security field, 2023 might be the best time.
To start a private security business, research what security services are in high demand and learn how to add services based on market demand and size. You may decide on a niche, such as an event security and personal security, and write a business plan.
Starting a security services business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell security services, or selling security services online, you can use this page as a guide for everything you'll need to know.
|Min Startup Costs||Max Startup Costs|
|Employee & Freelancer Expenses||$151||$252|
|Business Formation Fees||$600||$4,700|
|Retail Business Expenses||$1,250||$6,650|
|Advertising & Marketing Costs||$75||$3,986|
|Office Space Expenses||$0||$100|
|Specific Industry Expenses||$0||$500|
|Total Startup Costs||$2,461||$35,923|
|T.S.S (Total Security Services) Ltd||totalsecurity.co.uk||#569,446|
|Stanley Security UK||stanleysecurity.co.uk||#801,402|
|Australian National Security||nationalsecurity.gov.au||#2,031,374|
Pros & Cons
|Little startup costs required||The cost to start a security services business costs significantly less money than most businesses, ranging anywhere from 62 to 35,923.|
|Rewarding work||Starting a security services 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.|
|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||Security Services 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!|
|Control of workload||With starting a security services business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.|
|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!|
|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 security services 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 security services 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 security services business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.|
|Taxes||As a security services 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.|
|No safety net||Typically, as a security services business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.|
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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