Business Idea

Start A Career Advice Business

About

Starting a career advice business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell career advice, or selling career advice 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 career advice business ➜

Key stats

market size
$250B
revenue (monthly)
$24.6K
starting costs
$15K
gross margin
93%
avg product price
$350
time to build
5 months
growth
Organic social media
business model
Advertising
time investment
Side project

About

Starting a career advice business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell career advice, or selling career advice 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 career advice business ➜

Key stats

market size
$250B
revenue (monthly)
$24.6K
starting costs
$15K
gross margin
93%
avg product price
$350

 

time to build
5 months
growth
Organic social media
business model
Advertising
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $4,000
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,425
Business Formation Fees $600 $4,700
Software Expenses $150 $2,844
Advertising & Marketing Costs $0 $1,400
Other Expenses $0 $800
Total Startup Costs $1,517 $28,419

Successful Businesses

Business URL Rank
Fidelity Investments fidelity.com #363
AARP aarp.org #2,716
Find a Job careerbuilder.com #2,828
JazzHR applytojob.com #8,193
JAMA Network jamanetwork.com #9,385
Get the job you really want zippia.com #11,159
Inside Higher Ed insidehighered.com #13,285
Sherwin-Williams sherwin-williams.com #13,371
Queen Mary University of London qmul.ac.uk #15,092
Career Karma careerkarma.com #22,318
Vault vault.com #26,119

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!
Little startup costs required The cost to start a career advice business costs significantly less money than most businesses, ranging anywhere from 1,517 to 28,419.
Rewarding work Starting a career advice business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs To get your career advice business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Cons Description
Crowded Space Competition is high when it comes to your career advice business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process A career advice business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent As a career advice business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits With a career advice business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a career advice business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a career advice business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Advertising on social media

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

    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 ➜

  • 3

    Pay Per Click Advertising

    Pay-per-click (PPC) is a performance-based marketing method that allows you to show specific ads for services or products oriented to a very defined target, with the goal that the user visits your website or landing page.