How to Start a Robotic Process Automation Business
Hi everyone, welcome back to another episode of What’s Your GamePlan. Today, I’m going to give you a quick guide on how to start a robotic process automation business online. Over the past year, RPA technology has been the talk of the town amongst businesses who are seeking to lower costs and maintain a high level of service. The industry today alone is currently valued at $3 billion dollars. So, where’s your piece of the pie? If you like technology and want to help businesses grow, selling RPA services may be one business idea to consider. Here’s how to get started.
Before You Start - Decide on a Speciality
So, the first step to creating a RPA business is to decide on your speciality. I'm sure you're not an expert in every area of technology and a good place to start is to decide on where you can actually help. As a technology consulting company, most beginners choose to sell services in an area where they’ve had the most experience.
The top industries using RPA technology right now are banking, healthcare, manufacturing, insurance and retail. If none of these industries appeal to you, don’t be afraid to step outside of your comfort zone. Any company who spends time manually processing orders, invoices, claims, doing manual data entry, or activating accounts, just about any repetitive task that is currently done on paper or by using spreadsheets, can be automated with RPA technology. After you choose an industry to target, you can now proceed to Step 1.
Step 1 - Decide on Your Service Offering & Prices
Technology consulting usually isn't one size fits all type of business. Before you approach your potential clients you’ll need to outline your service offerings and prices. Many companies choose to bundle their services, based on the clients needs and project requirements. This will usually include planning, design and integration of the new software, on-site or remote management, tech support services, consulting or advisory services. I've created The $5 RPA Vendor List, so that you can find reasonably priced partners.
Once you've decided on your services and pricing, proceed to step 2.