Are you interested to start a funeral-related business? If so, find here a list of profitable funeral business ideas and opportunities that are low-cost and fetch good financial returns.
The very expression funeral business may sound a bit awkward or ruthless, but if you think logically, death is the only constant factor in life. Sooner or later, death is inevitable and an inseparable part of death is the funeral services. Whether it is burial or cremation, funeral services have certain procedures or steps which involve a business enterprise.
12 Funeral Business Ideas
Let us now discuss a list of profitable funeral-related business opportunities that can make good returns. In this regard, remember a few things:
- Know the Death-related laws very well.
- Form a legal business entity before starting your business.
- Collect the relevant data about funeral services and their demand
- Decide your area of business, or what kind of funeral business you want to start.
- Consult a good lawyer, accountant, and other experts.
Now, coming to the business ideas, according to the nature of your funeral business, we can divide the ideas into two categories. The first one is the conventional funeral business ideas and the other one is innovative funeral business ideas. Let us first check out the traditional ones and then we will cover the innovative business opportunities.
Conventional Funeral Business Ideas & Opportunities
1. Starting a Funeral Home
A Funeral Home provides all kinds of funeral services like burial, cremation, memorial services, etc. The family and the close ones of the deceased persons need these services following the death of their family member. One can start this business and charge your clients for various items like transportation of the dead body, embalming, burial or cremation, caskets, flowers, urns, memorial services, etc.
You need proper registration of your business, office space, and a good network for buying the various items required. You can charge your clients a lump sum of money for the total services offered.
Learn More: How to Start a Profitable Funeral Home Business
2. Pet Funeral Business
The animal lovers around you prefer to lay their favorite pets to rest with full honor and rituals. So, arranging pet funerals can be a good business idea for you. In this business, you have to offer services like burial or cremation, embalming, transportation, etc.
You have to make arrangements for a burial ground or crematorium for the pet. Apart from that, you need to have good coordination with vets and pet shops.
To enter this business, you need to have a love for pets, so that you can understand the emotional side of a pet funeral, apart from arranging the logistics.
3. Starting a Crematorium
Nowadays, many people prefer to cremate their loved ones. Firstly because they can select the final place of resting for their loved ones and secondly cremation is less costly. You can start your business crematorium which is a profitable business idea.
However, to run your business of crematorium successfully, you have to be aware of several things like suitable scheduling of cremation services, using modern and sophisticated machinery, training and orientation of staff, and proper maintenance of the crematorium building and machinery.
Learn More: How to Start a Cremation Business
4. Starting a Mortuary
You can start your funeral business by setting up your mortuary. In this business, you will perform the responsibilities of transporting the body of the deceased person to the mortuary, embalming it, or making other preparations for burial or cremation. This service may also include different aspects of funeral services.
You can set up your own set of workers for doing each part, or you can outsource some parts of the work to other agencies. Remember to follow the laws of the land in setting up and running this business.
5. Funeral Transportation
Transporting the body of the deceased person to the mortuary or carrying the body from a foreign land to the native place of the deceased is a good business idea. You can have value-additions like embalming service or supplying the cascade.
In this business, your clientele is many. You can serve the owner of the mortuary by transporting the body to the mortuary. On the other hand, you can be contacted by the family of the deceased to transport the body to the native land, or the airport for transportation.
6. Embalming Service
This is a good business for you and you can charge money at an hourly rate. Embalming is done to the body of the deceased for viewing and funeral. There are different types of embalming depending on the age of the deceased or the cause of death. Embalming includes cleaning, application of preservative fluids, dressing up with fine clothes, reconstruction, or restoration of body parts if required.
Here, you have to remember one thing. For an embalming service as your business, you need a good idea of the chemicals required for the body. And also, a good amount of sympathy and caring mind for the unknown person who is no longer alive.
Innovative Funeral Business Ideas & Opportunities
7. Designing the Headstone
A memorial headstone is a piece of memoir, a token of remembrance for the family of the expired person. It cannot be something readymade or stereotyped. If you have the flair for creativity and an eye for beauty and elegance, you can take up the business idea of designing the headstone.
It has to be customized and you need to understand the sentiment and the significance of the message the family members of the deceased person want to express. It can be a simple piece of stone with a few lines about the person.
Or it can be a decorative piece with quotes from famous writers or the message of the person expired. You can keep some templates, but this business is fully dependent on your creativity and understanding.
8. Online Selling of Funeral Items
With the advent of the digital revolution, people are mostly not satisfied with readymade things like caskets, coffins, urns, flower rings, etc. You can start the business of selling these things online to crematoriums, burial homes, or private customers.
A website with an exhaustive catalog is a must for this business. This is because your website will be your shop as well as an advertisement platform.
9. Nature-Friendly Funeral Items
With the growing awareness about the eco-friendly lifestyle, the demand for an eco-friendly funeral is also on the rise. You can start with this kind of funeral business idea by selling things like biodegradable coffins or caskets made of cork, other funeral items like urns, etc, all eco-friendly and biodegradable.
You need a good knowledge of biodegradable materials and a good digital network to publicize and sell your items.
10. Carbon-less Cremation
Though not very common to date, still this is a good business idea for environmental protection. In this method, water and alkali are used instead of fire for cremation. As a result, carbon emission is remarkably low. You can learn this method thoroughly and start the business fulfilling the legal parameters of your area.
11. AfterDeath Services
You can take up the business idea of providing the exclusive service as per the last wishes of the deceased or the desires of the family members. Under this business, you can arrange for the burial of the body at the seaside or scatter the ashes in the sea, even in the mountains.
This being an exclusive service, you have to abide by the law of the land and also may have to take the services of other agencies. But, the charges for such services are always higher than the normal services.
12. Preservation Service Business
You can start this business which is a blend of emotion, trust, and the involvement of the expired person. In this business, you can preserve the valuable belongings of a person while he is alive and distribute them to his descendants or beneficiaries. This may include his/her valuable things, wills, and other things.
It may also contain some emotional or important message for the person he is leaving behind. It can be a video recording, some writing up, or an audio message. You can preserve them and handover them over after the death of the person concerned. Or you can upload them on digital platforms. These kinds of services are high-paying. However, you need to have a good contact base and convincing power.
As a new business person, your future is quite promising in the area of the funeral business. According to Statista, as of 2018, 86% of the funeral-related business in the United States is serviced by small and family-owned businesses. Not only that, the industry is showing overall growth.
Industry experts also predict growth in the funeral industry of the United States in the period between 2020 and 2025.
Therefore, you can comfortably and carefully opt for the funeral business as your occupation. Proper planning, knowledge, and strategies will give you success.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.