Are you looking for innovative profitable consulting business ideas to start your own business and be your own boss? If yes, we recommend you to go through the list of consulting business ideas listed here in this post.
Managers and professionals from various different industry look for profitable consulting business ideas to do something different, enjoy more job flexibility and make more money. Consulting is not a new phenomenon. It has been around for years. The consulting trend is continuing to build as companies are staying as lean as possible in tough economic times.
Generally, consultants work best for those organizations or individuals who know what they are seeking and have clearly defined projects or objectives. To provide a professional service and solution to a specific challenge, that does not exist in the organization, or that is needed for a specified period of time; consultants are needed.
Consulting is not just everyone’s cup of tea. Definitely, it is an exciting and profitable venture to start. However, risk propositions are always there. In developing a consulting business the ability to listen to your customer is a must. It also requires the ability to explain to your customers. Consulting is all about communication and networking. Good communicators do well in consulting.
List of 40 Highly Profitable Consulting Business Ideas
1# Advertising Consulting
To achieve success in the advertising consulting business a person must have branding expertise, a creative mind, and effective interpersonal skills. A person from the marketing field possesses certain advantages in starting this business. These professionals are supposed to guide businesses in developing an effective advertising strategy to promote goods or services. Read More…
2# Air Quality Consultant
The key responsibility of air quality consultant is to ensure emissions and other airborne pollutants do not violate provincial or federal air pollution laws. They check to it that pollutants, for example, those generated through chemical reactions and combustion, are not released into the air at harmful levels according to emission-impact assessments and without first being treated with proper contaminant-removal technologies.
3# Agricultural Consulting
As with other consulting services, an agriculture consulting requirement is surely expected to grow in the coming days. People with experience and knowledge in a specified field of farming activity can consider offering consulting services to organizations and farmers. Agriculture Consultants are supposed to provide the right advice regarding seed, technology, fertilizer, pesticide, and post-harvest management.
4# Business Management Consultant
Business management consultants provide strategic, unbiased and objective advisory services that assist organizations in improving productivity and overall performance. A typical project will involve meeting with clients and researching and analyzing data, after which you will present recommendations to the clients and set a schedule for implementing improvements. Too exciting a career with decent revenue earnings.
5# Business Plan Consultant
The Business Planning Consultant is responsible for the implementation and management of the business planning process for the Distribution Operations, Engineering & Transmission (DOET) of the organization. They also provide services to startups to craft a detailed business plan for operational benefits and to easier the process of arranging finance.
6# Business Startup Consultant
Business startup consultants generally provide services specifically to startup companies. They help in selecting the right business idea, creating business plans, startup plans, financial projections, investor pitch decks, pricing, product specs/definitions/plans, marketing strategies and plans, sales strategies and plans, and company & product launching plans. If you have that skill, just the sky is the limit.
7# Computer Consultant
Computer consulting is hugely a diversified job with so many responsibilities. Such as assisting users in the use of computer hardware, software and networks; troubleshooting and resolving end-user questions and problems; maintaining software and documentation libraries and the list goes on and on. If you have the right skill and ability to work under a tight schedule this opportunity is perfect for you.
8# Construction Management Consultant
Construction management consulting is one of the most profitable consulting business ideas provided you have the right resources and knowledge. Industry analyses are critical for contextualizing your startup within an industry setting.
9# Direct Mail Service Consulting
Generally, community businesses prefer to have direct mail services. Those who are targeting mass like restaurants, auto service shops electronics or gadgets shops and general interest retail stores. This is a way of advertising where results can be measured quickly and easily. In starting this business you will only need to have a computer with internet and phone. You can initiate this venture from your home location.
10# Diversity Consultant
People with diverse ethnic and cultural backgrounds (or people that generally differ from the ‘norm’) can unfortunately still be subjected to discrimination and unfair treatment by peers or superiors in their places of work. It is for this reason that now is a fantastic time to start a diversity consulting business. In this business, you will need to have worked on and continue to work on your own biases and assumptions.
11# Environmental Consultant
If you have a passion for the environment, are creative and eager to learn new ways to conserve and recycle, and enjoy teaching others about the environment, a small business as an environmental consultant may be a great option for you. This business has enormous potential in domestic and as well as in the industrial field.
12# Event Management Agency
Event management agency business demands superior organizational and planning skills. Graduating from college in events management or a related major is a plus, but it’s not required necessity. In the event management consulting business, your major customers are large corporations, educational institutes, married couples, religious organizations, political candidates NGO’s and many others.
13# Failure Analysis / Evaluation
Failure analysis consultants provide services in evaluating electrical, thermal and mechanical characteristics of integrated circuits, components, sub-components and systems to determine the root cause of failure. They also analyze failure reports and recommend corrective action to prevent the re-occurrence of problems.
14# Fitness Consultant
Having expertise in aerobics and yoga any individual can initiate home-based business as a fitness consultant. With very low start-up capital and a planned marketing strategy, this business can be initiated.
15# Franchise Consultant
Franchise consultants generally provide their services to both. Small business owners who want to become a franchisor and those aspiring entrepreneurs who want to purchase a franchise business. A franchise consultant is someone who acts sort of like a guidance counselor for a potential franchisee by helping to guide them through the process of finding and purchasing a franchise and understanding the franchise industry.
Franchise consultants also help successful small business owners to take their existing business and turn it into a franchise; franchise consultants can help with everything from writing up the original franchise agreements, operating manual and marketing materials to helping the franchise. Once it’s take off the ground, they help to grow the business by providing training and support.
16# Freelance Bookkeeping
Every small or big company needs business accounting services like bank reconciliation, e-filling, service tax, sales tax, payroll, etc. One can start this business by giving this services freelance to the businesses that can’t afford to have a full-time accountant. Read More…
17# Human Resources Consulting
The human resource consulting business is now a growing field. Businesses of every size need HR professionals to help them with tasks like recruitment, training, compliance, administration, and payroll. While large corporate may choose to outsource to the big HR consulting firms, small and medium-sized businesses are looking for more personalized human resource consulting services to fulfill their needs.
18# Image Consultant
If you love pulling together the perfect outfit, you may want to consider becoming a fashion or image consultant. While it may not be obvious at first, the reasons that people may need an image consultant are quite varied. Read More…
19# Internet Marketing Consultant
In to-days world, every small and big business need to have their own website. But only having a website not ensure getting potential customers. A lot of technical and branding issues are there to create a website as an effective marketing tool. Here you can work successfully as an internet marketing consultant. This is one of the most profitable advertising business ideas. Read More…
20# IT Consultant
IT consultants provide analysis, advice, and solutions for organizations that need to develop or improve their communication, data or software systems. They can also provide training for current employees. Job duties of IT business consultants vary by industry and specialty, but generally include performance assessments of a business’ existing systems, strategic planning, and implementation of the new system or process. The market is huge and demand is increasing.
21# Labor Relations Consultant
A labor relations consultant is actually a human resource specialist. They provide services in many diversified fields. Such as developing and implementing recruiting strategies to meet current or anticipated staffing needs, addressing employee relations issues, such as harassment allegations, work complaints, or other employee concerns, interpreting and explaining human resources policies, procedures, laws, standards, or regulations, etc. You can start this business from your home location with small startup capital investment.
22# Marketing Consultant
To be a successful marketing consultant, you must have an analytical mind, exceptional report writing skills, communication skills, and effective negotiation skills. Marketing consultants are considered as an industry expert. You must have a good awareness of business and commercial changes in their industry.
23# Office Protocol Consulting
Office protocol consultants provide the right advice to clients regarding in-house employee disputes and also provide employee training. The key focus area for an office protocol consultant is providing training on how to avoid and react to any potentially unfavorable situation that may arise within the office working environment. The demand for this type of consulting service is huge.
24# Outdoor Advertising Consulting
Outdoor advertising consulting business is all about to advise your client about advertising the product or services publicized outdoor. Outdoor advertising actually offers visual marketing with its attractive and original means of communication. Outdoor advertising is a very rich and diverse medium that allows a unique spectrum of creativity for a designer to work with. Read More…
25# Paving Consulting
Paving consulting business opportunity demands adequate knowledge in the mechanical and civil construction sector. The business is all about providing advice, design and creating pavements within your client’s budget and scheduled time. Read More…
26# Product Development Consulting
Product development consulting is a very interesting and profitable business opportunity, provided you have the right skill and ability. Mostly they work with clients to understand and analyze the requirements. Selecting the right product, packaging, designing, demonstration and product training are the key focus area to work as a product development consultant.
27# Proposal Consultant (Government Contracts)
Proposal consultants, especially for government contracts, generally provide exclusive services in the process of getting government contracts. Getting Government contracts is not an easy task for any business. Proposal consultants assist in registering a small business as a contractor, help it write the proposal, and most of all, assist with the accounting processes.
28# Proposal Consultant (Grants & Subsidy)
Proposal consultants for grant and subsidy use their skills to secure funding for their clients. Government policies and online submission processes change frequently. The availability of funding also fluctuates, so grant proposal consultants must develop a diversified network of funding organizations. Though challenging, this business can also be personally and professionally rewarding.
29# Public Relation Agency
In starting public relations agency business you will need to work both print and electronic media. The main area where public relations professionals work is to get their client’s stories in the media. A degree or certificate in public relations is a plus but not an absolute necessity. Read More…
30# Quality Management Consultant
Quality consulting has mostly been associated with the quality management systems of ISO 9001, its forerunners BS5750 and derivatives such as PS 9100 and TS 16949. Quality management consultants provide the services in implementing a quality management system changing the quality culture; implementing new methods such as failure mode effects analysis (FMEA); production part approval process (PPAP) or statistical process control (SPC); implementing quality improvement models such as six sigma, kaizen, lean manufacturing or total productive maintenance (TPM), etc.
31# Retail Consultant
Retail consultants generally provide their services in determining a retail strategy for stores or other types of retail businesses. Usually, the goal is to increase sales by driving more people to the store and attracting them to products once there. Someone in this position may deal with promotions, merchandising, store design, location, and even some personnel decisions.
32# Risk Management Consulting
Risk management consultants generally advise organizations on any potential risks to the profitability or existence of the company. They identify and assess threats, put plans in place for if things go wrong and decide how to avoid, reduce or transfer risks. Having the right skill and expertise, this is a wonderful self-rewarding business to start with small capital investment.
33# Safety Consultant
Safety consultant generally creates workplace safety manuals and provide training to employees in a variety of safety concerns. Moreover maintaining workplace safety is the key focus area of a safety consultant.
34# Sales Consultant
Sales consultants generally promote products and services and build long-term commercial relationships on behalf of the clients. Key responsibilities include identifying and meeting customer needs within their allotted sales territory, maintaining good after-sales relationships, keeping records of customer appointments and completed sales, and providing detailed information on the products they are selling.
35# Security Consultant
Security consultants generally provide services in determining the most effective way to protect computers, networks, software, data and information systems against any possible attacks. In today’s digital world security consulting is one of the most trending and profitable consulting business ideas to start with moderate capital investment.
36# SEO Consulting
SEO consultant serves the industry as an internet marketing expert. When people search for specifics in search engines, websites that appear and come on the first few pages, are the sites that usually attract maximum traffics. Search engine optimization is a process to get the website ranking higher in search engines like Google, Yahoo, and Bing.
Every day there are thousands of websites, that are created and the maximum fails to survive because of the lack of knowledge about internet marketing. SEO consulting is one of the profitable business ideas for women entrepreneurs. Read More…
37# Skincare Consultant
Skin care consultants advise clients about colors and types of makeup and instruct them in makeup application techniques. They also determine which products or colors will improve clients’ skin quality and appearance. Having the right skill and knowledge this business can be initiated from home also. The market potential is huge in this sector.
38# Social Media Consultant
Almost every person uses Facebook, tweeter, LinkedIn, Pinterest these days and many companies are ready to pay people to get the service of their social media accounts management. Social Media Consulting is one of the highly profitable internet-based business ideas for women entrepreneurs.
39# Training Consultant
Training consultants identify staff training and development needs of the organization and plan accordingly. Conducting job evaluation surveys liaising with managers and interviewing employees at all levels to identify and assess training and development needs are the major focus area.
40# Wedding Consultant
A wedding consulting business may come naturally to someone who is organized and focuses on details. In the last decade, the need for professional wedding consultants has grown exponentially. Today, people are often too busy juggling the demands of their professional and personal lives to oversee the details necessary to create the wedding of their dreams. That has actually created an enormous opportunity for a startup entrepreneur considering going into the wedding consulting business. Read More…