Start A Grant Writing Business - Business Ideas

Updated: September 15th, 2022
Start A Grant Writing Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting a grant writing business is a fantastic idea for those skilled in research and writing. This business involves helping organizations, non-profits, and individuals secure funding from various sources, such as government agencies, foundations, and corporations.

To start a grant writing business, you will need to have excellent research skills and be able to write well. You should also understand the grant application process and be able to communicate the needs and goals of your clients effectively.

One of the critical components of running a successful grant-writing business is building a solid network of connections. This includes developing relationships with funding sources, organizations, and individuals needing grant funding.

You must invest in some essential equipment and resources to get started. This includes a computer, printer, office supplies, and a website to showcase your services. You may also want to consider investing in grant writing software to streamline the process and make it easier to keep track of your projects.

As a grant-writing business owner, you will be responsible for researching potential funding sources, writing grant proposals, and working closely with your clients to ensure their successful grant applications. You can build a successful and rewarding business with hard work and dedication, helping others secure the funding they need to achieve their goals.

Starting a grant writing business requires a great deal of effort, dedication, and most importantly passion.

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

Key Stats

market size
$13.9B
starting costs
$11.7K
gross margin
90%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Successful Businesses

Business URL Rank

GrantWatch

grantwatch.com

40,259

Candid

candid.org

85,346

Grant Writers For Hire

grantwriterteam.com

87,058

Resource Associates

grantwriters.net

227,872

Content-Whale Private Limited

content-whale.com

479,726

American Grant Writers Association

agwa.us

553,107

Police Grants Help: Police Department & Law Enforcement Grants

policegrantshelp.com

1,038,605

Alberta Grants

albertabusinessgrants.ca

1,755,692

San Diego Grantmakers

sdgrantmakers.org

2,269,940

National Grants Management Association

ngma.org

2,359,691

Fair Grant Writing

fairgrantwriting.ca

2,396,765

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 grant writing business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a grant writing 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 grant writing 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 grant writing 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 grant writing 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 grant writing 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 grant writing 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 grant writing business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a grant writing 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.

    Learn more about affiliate program ➜

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

    Learn more about direct sales ➜

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜