Service for Market Research
Starting a business is challenging, particularly in mature markets. Businesses frequently struggle to comprehend their markets, customers, and how their brand, goods, and services are perceived. This is when market research is crucial because it enables businesses to base important decisions on actual customer and market data.
Market research companies conduct market research on behalf of other companies, using a variety of quantitative and qualitative methods, including surveys, competitor and market analysis, and more.
You can also promote your service using content marketing by videos or writing articles. For content you can use ai copywriting tools to simplify the process.
You must possess a background in market research or business intelligence, understand the fundamental types of research, and have prepared formats to conduct said research for various clients and their objectives (you must also be able to write reports summarising the results from the market to present a client) in order to become a market research firm.
This kind of business can be started from home, and since everything is a service, there aren’t many upfront costs beyond software and tools for data collection and analysis. You can approach neighbourhood businesses to offer your services and list your market research services on freelancer websites to market this business.
IT Support
Many people have found it difficult to keep up with the increasing technological focus of the world. This is problematic because information technology (IT) equipment frequently malfunctions and requires repair.
As a result, there is a constant need for IT-savvy professionals who can fix malfunctioning computers, resolve networking issues. It can also replace damaged hardware, offer procurement advice, and generally get things back up and running. IT support businesses require you to have a solid understanding of various operating systems, security systems (including anti-virus), and hardware. They are largely knowledge-based endeavours (computers and laptops).
The majority of IT issues in both the home and business environment are caused by bugs or errors in software (due to accidental damage or attack by a virus or third party). Because of the emphasis on software, getting started will only require a few pieces of specialised gear. The majority of neighbourhood IT support providers work out of their homes and visit a client’s property to resolve software or virus problems.
You can also provide training packages to customers who want to feel more confident using their computers or software (or to businesses that require employees to learn specific computing skills, such as network maintenance, database management, etc.) in order to grow an IT support business.
Despite having an IT foundation, this company can be entirely based on conventional local marketing (flyers, networking…). In this industry, growth is dependent on repeat business, so it’s important to deliver excellent customer service to keep people coming back to you.
Fundraising (Introducer)
Receive compensation for assisting businesses in obtaining funding from venture capital or angel investors. Services like AIN profit greatly from this. There is a sizable market for it, and the contacts you would develop would be literally priceless. There are many fundraisers who specialise in particular industries, like MarTech, FinTech, and GeoTech.
It all comes down to contacts and networking in fundraising. In addition to having regular access to a source of deal flow (startups) that you can recommend to investors, you’ll also need access to key decision-makers in investment funds and private investors. Finding and introducing the right startups/investment opportunities to the right investors is the key to this business.
You must be very clear that you are only providing an introduction and not endorsing an investment if you are not FCA regulated. To ensure that you are paid, you must put in place specific agreements with any startup for which you are raising money. Depending on the size of the deal, commission rates for introducing an investment that succeeds typically range from 3 to 5 percent.
Attend investment and startup events (conferences are the richest for both) and start networking with both investors and startups to start expanding your network (you can use AngelList, Linkedin and Crunchbase to identify and connect).
vServices in PR (Public Relations)
PR is a game of relationships; if you’re good at it, you probably get along well with journalists from all different kinds of publications. To get your clients featured in the Financial Times, for instance, you could introduce them to your friends who work there.
A significant portion of UK public relations professionals work independently, either for larger PR firms or directly with clients. Fees are typically paid based on a project’s success; however, larger PR firms often operate on a monthly retainer basis.
Access to businesses and journalists, along with some knowledge of how to present businesses to/pitch journalists, are the only real prerequisites for starting a freelance PR career.
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