Billing And Invoice Business

Business Idea: Start A Billing And Invoice Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$86K
Avg Startup Costs
$18K
Score
76
Market Size
$4B
Avg Revenue
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?

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

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

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

See full list of successful billing and invoice businesses.