18 Examples of a Service Business

service business is a business model that offers intangible valuebeyond a physical product. Advanced economies have shifted towards a service-based economy whereby the total value of services may exceed the total value of products as a percentage of GDP. The following are common examples of service businesses.

Information Technology

Offering technology platforms, software applications and systems as a service with a monthly recurring or usage-based fee.

Education

Education and training services such as a school or an online learning tool.

Consulting

Offering your knowledge and work output as a service.

Transportation

Transportation services such as an airline or bicycle rental shop.

Events

Events such as industry conferences or weddings.

Entertainment

Movies, video games and other entertainment.

Media

Content such as social media, television and newspapers.

Infrastructure

Infrastructure services such as internet access or solar panel maintenance.

Financial Services

Banking, insurance and investment services.

Professional Services

The services of professionals such as lawyers, accountants and architects.

Logistics

Logistics services such as delivery.

Hospitality

Hotels, restaurants and tourist attractions such as theme parks.

Culture

Cultural experiences such as an art museum or performance art.

Medicine

Hospitals, doctors and other medical services.

Wellness

Services that are relaxing or perceived as healthy such as a gym or spa.

Convenience Services

Saving customers time or making things easier for them. For example, a dog walking service.

Club Goods

Large assets that can be used for a fee such as a golf club or theme park.

Product as a Service

Wrapping a product in service. For example, a home heating and cooling system that is installed for a monthly fee that includes maintenance and repair.

Overview: Service Business
Type
Definition A business model that offers intangible value.
Related Concepts

Author: ashmith

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