Boring Businesses that makes Big money

There has been a sudden rise in interest for Boring Businesses among Entrepreneurs as well as Investors communities. This rise in demand can be evidently captured by looking at many business Influencers advocating for investing in such businesses. But what exactly are these so called Boring Businesses?

What is a Boring Business?

While the name suggests the Business to be boring, that is lacking excitement. But that is far from reality. In reality, the boring businesses are usually the legacy or conventional businesses which are known to be established and have a defined process for sustainable and consistent cash flow.

The reason they are said to be boring is because, there are limited things to brainstorm and come up with completely new ideas which others would applaud. To be precise boring businesses are just not too glamorous to brag about in the startup community, that’s it.

In short, not-so-flashy businesses!

Why should you do Boring Business?

A real business should be something which makes money for its investors, founders and employees. More importantly it should do that consistently and sustainably.

Most of such conventional businesses tends to be the business of essential services which has consistent demand throughout the year. For e.g. Car Wash, Waste Management, Facility cleaning services, Laundry etc. These businesses tends to be steady and low risk investment as the demand is consistent throughout the year.

There is no such thing as super high growth in such businesses, yet it is known to provide the required Return on Capital Employed (ROCE) for the invested amount with regular and consistent cash flows for a sustainable business operation.

How can you start such Boring Businesses?

1. Doing the right research

Start with researching your local market. Explore the services which are consumed by people on regular basic. For e.g. Cleaning, Laundry, etc.

2. Provide the best services

Legacy businesses thrive on best service and customer experience. Hence focus on improving delivery and operations. If customer experience is on highest priority, it will automatically result in recurring revenue due to customer retention and an add-on revenue with referrals from happy customers.

3. Scale up with B2B services

To scale up your revenue, it would be important for you to do business with B2B clients. Hence focus on building businesses which can be extrapolated to B2B clients. For .e.g. Facility Maintenance, HVAC, etc. Though it would require you to invest initially in business development to land up such B2B deals, but once you find such customers, you will have a predictable revenue stream.

What are some of the best Boring Business Ideas?

If you are not sure of the businesses which might work for you, then you must start researching with popular business ideas which consistently generates money.

Here are some of the best “Boring Business” ideas which you must consider as your next business bet…

Accounting and Book keeping services
Storage Centers
Car Washes
Insurance Agencies
Property maintenance services such as Property Inspection, Cleaning, Rent Collection, Cleaning, etc.
Waste Management services such as Dumpster rentals, etc.
Pest Control services
HVAC (Heating, Ventilation and Air Conditioning) services
Laundromats
Manufacturing of essential services which has recurring demands such as food
Plumbing services
Vending Machines
Cleaning services, etc.