Business Idea

Start A Business Law Consultant

About

Starting a business law consultant requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell business law consultant, or selling business law consultant online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a business law consultant ➜

Key stats

market size
$729B
revenue (monthly)
$938K
starting costs
$17.2K
gross margin
65%
avg product price
$1000
time to build
8 months
growth
SEO
business model
Software
time investment
Full time
work from home?
Yes

About

Starting a business law consultant requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell business law consultant, or selling business law consultant online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a business law consultant ➜

Key stats

market size
$729B
revenue (monthly)
$938K
starting costs
$17.2K
gross margin
65%
avg product price
$1000

 

time to build
8 months
growth
SEO
business model
Software
time investment
Full time
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $525 $5,500
Website Costs $232 $6,500
Business Formation Fees $600 $4,700
Software Expenses $150 $3,019
Advertising & Marketing Costs $0 $2,550
Training & Education Expenses $0 $1,000
Other Expenses $0 $800
Total Startup Costs $1,542 $32,819

Successful Businesses

Business URL Rank
PWC pwc.com #4,559
UpCounsel upcounsel.com #13,687
Indianapolis indianapolis.score.org #20,354
Lexington Law Firm lexingtonlaw.com #32,721
Vkeel vkeel.com #94,219
FreeAdvice freeadvice.com #100,817
Healy Consultants Group PLC healyconsultants.com #150,816
Business Setup Worldwide businesssetup.com #173,633
Citybizlist newyork.citybizlist.com #175,061
SeedLegals seedlegals.com #202,063
Ethiopian Legal Information Portal- Find laws, cases, legal resources lawethiopia.com #284,785

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services within your business law consultant. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Meaningful business connections You never know who you will meet or get to work with for your business law consultant. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your business law consultant becomes an integral piece of their every day lives.
High margins The gross margins for your business law consultant are typically around 65%, which is considerably high and allows you to grow your business and manage costs easily.
Cons Description
Customer churn With a business law consultant, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.
Time commitment With starting a business law consultant, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.
Difficult to build trust with your customer With a business law consultant and any online business, there is little physical interaction, which means it can be a lot more difficult to establish trust and clout with your customers. You'll need to go the extra mile with your customer to grab their attention as soon as they reach your site + assure them that your brand is legit and trustworthy.
Strict regulations With any business law consultant, there are strict rules and regulations as it relates to processing your product. You must follow these regulations specifically, or significant legal issues could occur.
Impatient customers Your business law consultant may offer an engaging user experience for your customer, but it's important to note that customers expect a lot when it comes to your product, and are more likely to become impatient with you and your product if there are any bugs or equipment breakdowns.
Learning Curve When you start your own business, you no longer have upper management to provide you with a playbook for your roles and responsibilities. You should know the ins and outs of every aspect of your business, as every decision will come down to you.

Marketing Ideas

  • 1

    Affiliate program

    An affiliate program is a way to reward people outside your organization to share your product.

  • 2

    Word of mouth

    The most tried and true way to grow a business law consultant is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to business law consultant.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜