The reason why I have a preference for service is the fact that service is not sold but rendered. It only requires your skill, knowledge, and expertise or tech know-how.

The value of money you place on your service depends on you and how convincing or
professional you are. For instance, footballers, artiste, and lawyers, all render services. What they get paid depends on the name they have made for themselves and how competent they are.

Unlike those in the product-selling business, companies in the service industries most of the time don’t worry about raw materials or the need for warehousing or storage facilities unlike the ones selling products. All that is needed is the technical know-how, skill and the workers to get the job done.