Do you want to start a small business in the security service and surveillance industry? If YES, find here 16 legitimate and profitable security business ideas for your ready reference.
Security service is an evergreen industry. Currently, people are more concerned about that. In addition to that, rising corporate spending on security enhances the potential of industry revenue.
According to industry experts, the security services industry revenue is expected to increase. Because the guard, investigative, and other industry services became increasingly popular among corporate and government agencies. Basically, the Asia Pacific, USA, UK Canada, and Australia are the major growth market for starting a successful security business.
Generally, the security service industry offers a wide range of business opportunities. And some of the most popular are patrols and guarding services, cash transit, security transport (of documents, data, and valuables), and security consulting services. However, high-tech security gadgets may come as a potential threat to the security industry that engages professionals.
Read the post below and find the most legitimate security business ideas that you can consider starting in both developed and developing countries.
List of 16 Legitimate Security Business Ideas
#1. Auto Alarm Sales and Installations
Auto alarms or car alarms are increasingly popular these days. Basically, it is an electronic device installed in a vehicle in an attempt to discourage theft of the vehicle itself, its contents, or both. Car alarms work by emitting high-volume sound and sometimes lights.
Car alarms help car owners understand any adverse situation that occurs. Starting an auto alarm sales and installation is a highly profitable and low-cost business. However, having a good retail location is a must in this business.
#2. Background Checking Company
Basically, this is a vast industry. Nowadays, the authentication of data in an environment that’s in a constant state of flux is hence a challenge. And that is why most companies look for this type of service.
Generally, companies hiring employees, insurance companies, banks, and financial service providers are the major consumers of this type of service.
Generally, you can initiate a bodyguard business in two ways. Either tie up with a reputed company as a franchise or open your own bodyguard supplying company.
If you have low capital, go with the first one with low startup capital. For people having the capacity of investing more, consider the second option. Remember, starting a business of your own will demand specific skills and expertise.
Actually, CCTV stands for closed-circuit television. Nowadays, this is one of the most potential gadgets in the security service industry. And people use it widely in both the residential and business establishments.
With the recent technology up-gradation, there are several different types of CCTV are available in the market. The business is highly profitable. And you can start this business with small capital investment.
In the recent digital era, cybersecurity is everyone’s concern. Cybersecurity threats today have become increasingly sophisticated and complex. And you can provide different types of specialized services to other individuals and businesses.
Starting this type of business demands a high degree of technical knowledge. Additionally, the business demands investment in infrastructure and quality staffing.
#6. Firearms Training
Worldwide the awareness of personal security is increasing rapidly. More and more people are getting interested in keeping firearms with them. So, this is the quite right time for starting a firearm training academy.
However, you can start the business only in the metro cities where the population density is high. Additionally, you must have proficient and sound knowledge about firearms.
#7. Guard Dog Training Center
Basically, guard dogs need specific training for developing that particular skill. And there are specific dog breeds that are active as the guard dogs effectively. Starting a guard dog training center demands specific skills, expertise, and licenses. And if you really like spending long hours with dogs, the business is just perfect for you.
#8. Gun Store
A retail gun store sells different types of guns. Additionally, the store also accepts the repair and maintenance jobs of guns. Starting a gun store is a highly lucrative business.
The business demands specific licenses and permissions. And it varies from state to state. In addition to that, you must have previous experience and strategic marketing planning for promoting your business properly.
#9. Polygraph Service
Actually, polygraph service is also popular as a lie-detecting service. And it is a highly effective investigative tool. Polygraph testing is proven to have an accuracy rate of over 98%. It is used regularly by clients of all types to ensure infidelity.
Also, it is effective in finding the truth on important or critical matters or just exposing lies within a relationship of any kind. Starting a polygraph service business demands specific accreditation in most states.
#10. Private Investigation Company
Actually, investigative and detective services hold a major share in the security business industry. In most states, you need two different licenses for starting a private investigation company. Actually, a license for yourself as an individual, and a separate license for your company.
In addition to that, you must have a clean criminal record and good moral character. Also, in most of the states in the USA, you must have the age between 18 and 25 years. So, check these issues very clearly prior to starting this business.
#11. Residential Security Consulting
Basically, residential security consultants work independently. Broadly, home security includes alarm systems, creating security zones within the home, security lighting, reinforcing doorjambs, upgrading windows, etc.
Also, it includes CCTV surveillance, door locks, etc. Globally, the increasing rate of crime is the major reason for the growing demand for this type of service.
If you want to start a security business in the manufacturing segment, you can consider this opportunity. Basically, people use a safe box for keeping cash and valuable items safely. Nowadays, digital safe boxes are highly popular.
Generally, these types of lockers open and close with a specific numeric password. With a moderate capital investment and a space for unit operation, you can start this business.
#13. Security Equipment selling
If you want to start a simple retail business, you can consider selling security equipment and gadgets. And practically, there are numerous ways you can opt for selling. Other than selling items from your brick and mortar store, you can initiate a small eCommerce store for online selling.
#14. Security Guard Recruitment Agency
Security guard service accounts for a major share in the entire security business industry. In addition to that security guards are very effective in managing the crowd and transporting the cash for ATMs and banks. If you want to start a service-based business in the security business industry, you can consider this opportunity. The business demands sound communication skills and man-management capacity.
#15. Security Uniform Making
This is another great business you can consider starting. However, security uniform manufacturing is a highly cash-intensive business. The business demands adequate finance availability, strategic planning, and long-term dedication. Some of the most popular security uniform items are trousers, sweaters, shirts, belts, caps, etc.
#16. Self Defence Academy
Initiating a self-defense academy is a self-rewarding business. Definitely, business demands, sound knowledge, skill, and expertise. Additionally, you need a specific license for running a self-defense training center in most states. Broadly, self-defense caters to boxing, fitness, yoga, krav maga, etc. If you enjoy fitness and helping others, this is definitely a perfect opportunity for you.
We hope this list of security business ideas and opportunities will help you in making an informed decision about your entrepreneurial journey.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.