Selling services by the hour is easy and quick to get started but it's not a profitable business model. Here's a way to rethink the strategy and build a more lucrative business.
2. Service-Based Business Model
The Pros
Easy low-cost start up
You’ve already got what you need
Very low overhead to run
The back-end administration is
simple and uncomplicated
3. Service-Based Business Model
The Cons
Tends to be structured after a ‘job’
Service is positioned as a commodity
Focus on competition and hourly pricing
Light on individual branding and current
trends and technology
Light on Business Strategy