What Are the Most In-Demand Business Services?

Most freelancers and independent contractors in the professional world make a living by offering services to their corporate clients. Some of these services have been around forever, while others are just starting to emerge, but the demand for these services is always shifting as the business world evolves and corporations discover different needs.

Market research is crucial in identifying in-demand business services, as it helps you understand customer needs, analyze industry trends, and identify opportunities. Keeping up with what services are in demand and rebalancing your offerings accordingly can make you more competitive or even more effective in your work.

In-Demand Services

Regardless of whether you’re working with small businesses or big corporations, most businesses need to rely on the same lineup of professional services. The difference is that small businesses tend to seek generalists in their areas of expertise, while bigger companies (with intricate internal departments) are more after niche specialists.

So, what are currently the most in-demand professional services a self-employed contractor could offer?

1. Accounting and Tax Advice

The demand for accounting is on the rise. Businesses need to keep track of their income and spending habits, and only trained professionals can do the job successfully.

There’s no danger of this requirement going obsolete anytime soon, so anyone with accounting and tax experience should enjoy a robust selection of clientele in the years to come.

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2. Consulting

Consulting is a catch-all category that relates to many different fields, but it’s always in high demand. Some companies need a business consulting expert to help them figure out the missing piece to a puzzle, train their staff to be more effective, or provide feedback and direction in general.

Providing specialized services in consulting can tap into lucrative business opportunities. Businesses focused on specialized services not only meet customer needs but also require skills and formal training, establishing a path for profitability and success in the service industry.

Because the applications are so potentially broad, consulting remains a sought-after professional service.

3. Legal Services

Law can be complicated, but it’s possible (and sometimes even efficient) to do some legal work on your own — such as researching trademarks or starting a small business. But for most big-ticket items and any serious legal problem, a company needs to hire a legal professional.

Managing big institutions with complex financial structures will always yield serious legal issues, so lawyers and legal consultants will always be needed to fill the void. From help drafting contracts to rewriting an operating agreement or even defending against a lawsuit, lawyers can find a variety of business opportunities year-round.

4. Marketing

Marketing services are the most efficient way to increase sales and customer loyalty for any business, emphasizing the importance of both creative and digital marketing in establishing a strong brand presence. Most big businesses have their own dedicated marketing departments.

However, niche applications will always exist that internal employees can’t tackle on their own. Is it your time to learn how to run a marketing business?

5. Web and App Design

It’s almost impossible to reach your audience effectively without some kind of online strategy. Web design, app design, and development are important institutions for any business.

Companies are often willing to pay top dollar for technology services to ensure they look better than their competition and remain visible and accessible to the public. To succeed in this service business, you’ll need a variety of skills, from coding to search engine optimization (SEO) and more.

6. Recruiting

Without talented employees and leadership, even established businesses with strong ideas and a long history can fail.

That’s why recruiting services remain in such high demand — especially in an era where social media and professional networking have become so common. Companies need a professional to step in and do the job right so they can have the best person for the job, every time.

7. Translating and Interpreting

According to the Cervantes Institute, the United States now has more Spanish-speaking residents than Spain. Hundreds of languages are spoken in this country alone, and to reach those audiences, companies are in dire need of effective, experienced translators and interpreters.

These service-based businesses can complete a variety of projects, from drafting new content in a particular language to translating an existing web page to adding subtitles to video content.

Another common need is for interpreters who can facilitate conversations between business owners and their clients. For example, a law firm may need an interpreter to help obtain a witness’s testimony. A hospital might call on an interpreter to help explain a complicated procedure to a non-native English speaker who’d feel more comfortable receiving care in their native language.

8. Health and Wellness Services

While it might seem odd to see health and wellness listed in a conversation about services that businesses need, think about it: healthcare is one of the highest costs for Americans in general. That means that healthcare is one of the biggest expenses for employers, too. It’s not uncommon for business owners to try to offset these costs with preventative health measures.

For example, some companies will hire fitness professionals to build a company wellness program. They might even sponsor discounts on personal training, nutrition counseling, or meal planning services. A smart fitness coach can build their own business with a reliable client base of local businesses.

9. Property Services

Home and property services are essential for maintaining and improving commercial properties. These services cater to homeowners, property managers, and real estate investors, offering a wide range of maintenance and improvement solutions. Here are some examples of in-demand property and home services:

• Handyman Services: Providing repair and maintenance services, such as plumbing, electrical work, and carpentry, helps ensure that homes and properties remain in good condition.
• Lawn Care and Landscaping: Offering lawn care and landscaping services, including mowing, pruning, and planting, helps maintain the aesthetic appeal of properties.
• Home Cleaning: Providing cleaning services, from one-time deep cleans to regular maintenance cleaning, helps ensure that homes and properties are clean and well-maintained.
• Property Management: Managing rental properties on behalf of property owners, including finding tenants, collecting rent, and handling maintenance, can be a lucrative service business.
• Pressure washing business: Removing debris, mold, and stains on concrete, siding, brick, and other external services helps homeowners and business owners keep a clean environment.
• Junk Removal Service: Loading and hauling away debris, old furniture, and wrecked equipment can be a valuable service for business owners and real estate investors who don’t have time to clean unwanted junk.

To start a home and property service business, you’ll need the necessary skills and equipment. Developing a solid business plan and marketing strategy is crucial to attract clients and build a successful service business. With the right approach, home and property services can be a reliable and profitable venture.

10. Writing

Another successful business in the service industry is writing. Small businesses and large corporations alike need written content on a regular basis. For example, a busy entrepreneur might need help writing captions for their social media marketing campaign, or a large retailer might need someone to draft blogs and articles for their new content marketing efforts.

Good writers can assist clients in a variety of fields: law, business, technology, health and wellness, and beauty are just the tip of the iceberg when it comes to business opportunities in writing. You don’t even need formal education in writing to succeed; a solid portfolio of well-written content can help you start winning your first clients.

Balancing Practicality and Demand

In a perfect world, you’d be able to offer all the most heavily demanded essential services in the professional world. And maybe you’ve got the skills to offer several services at once. High demand could mean you’d have more prospective customers knocking on your door, and they’d be willing to pay more to get those services. So what’s the catch?

The key to success is to find a balance between services like the ones above, with the heaviest demand, and ones that you can offer feasibly. Fortunately, there are several methods that allow you to acquire these offerings:

• Training and education. You could learn from an experienced mentor or start taking classes to round out your own skills.
• Partnerships and referrals. Alternatively, you could collaborate with another service-based business owner or refer new customers to them for a percentage of the final sale.
• Sub-contracting. You could also take on the work yourself, subcontracting to others in your network.

However you choose to adjust your business, making yourself more desired is almost always a good investment. Back that up with a reputation for excellent customer service, and you’ll become more profitable, busier, and even more sustainable in the process.

Disclaimer: The content on this page is for information purposes only and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.