Billing And Invoice Business

Business Idea: Start A Billing And Invoice Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$86K

Avg Startup Costs

$18K

Score

Market Size

$4B

Avg Revenue

$86K/month

Min Revenue

$850/month

Max Revenue

$250K/month

Avg Days To Build

150 days

Market Size

$4B

Avg Revenue

$86K/month

Min Revenue

$850/month

Max Revenue

$250K/month

Avg Days To Build

150 days

A billing and invoice business helps businesses and freelancers manage their finances by creating and sending invoices to clients.

This type of business involves creating professional-looking invoices detailing the products or services provided and the agreed-upon prices.

Additionally, it may include tracking payments and sending reminders for overdue bills.

Starting a billing and invoice business is a low-cost venture as it mainly requires a computer, internet connection, and basic accounting software, which can be obtained for less than $100.

With some marketing effort, you can quickly start offering this service to small businesses and entrepreneurs in need of professional billing solutions.

Revenue & Profitability

How much do billing and invoice businesses make?

On average, successful billing and invoice businesses report $1.03M/year in revenue.

Startup Costs

How much does it cost to start a billing and invoice business?

It can cost as low as $50 to start a billing and invoice business.
It can cost as high as $7,500 to start a billing and invoice business.

Learn more about the costs of a billing and invoice business.

Examples Of Successful Billing And Invoice Businesses

Successful billing and invoice business businesses and case studies

How We Built A SaaS Solution And Grew It To $3M ARR

Splynx, a SAAS solution for internet and voice providers with software features such as billing, payment collections, integration with accounting platforms, and network management, has achieved an ARR of around 3 million USD and 50% annual growth with 750 companies in 50 different countries as clients, and is hoping to expand further into the US and Canadian markets.

$250K Monthly Revenue

Read by 2,364 founders

This Admin Tool For Freelancers Now Generates $1.8M/Year [Denmark]

FactoFly, a platform for freelancers to handle their administrative tasks, has grown from 0 to €130k monthly revenue in 12 months, and is preparing for a seed round and expansion to other European regions.

$150K Monthly Revenue

$50 Startup Costs

Read by 3,425 founders