Start A Resume Writing Service - Business Ideas
Resumes and cover letters have become an integral part of the hiring process. Besides, job marketing is getting tight and more people are looking for employment. If you have a good resume and cover letter writing skills, you can capitalize on your knowledge and earn good money. You can offer both a personal consultation service and create paid downloadable templates to create different revenue streams.
Starting a resume writing service requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell resume writing service, or selling resume writing service online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Employee & Freelancer Expenses |
$151 |
$352 |
|
Website Costs |
$223 |
$7,215 |
|
Business Formation Fees |
$5,600 |
$20,400 |
|
Software Expenses |
$162 |
$3,094 |
|
Advertising & Marketing Costs |
$0 |
$2,800 |
|
Training & Education Expenses |
$0 |
$1,000 |
|
Total Startup Costs |
$6,136 |
$41,861 |
Case Studies
•
$2K/mo
•
$2K/mo
•
$42.9K/mo
•
$26K/mo
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
Cell Press |
cell.com |
11,949 |
|
|
DayJob.com |
dayjob.com |
29,350 |
|
|
WorkInTexas |
workintexas.com |
34,858 |
|
|
CanadianVisa.org |
canadianvisa.org |
37,783 |
|
|
Management Consulted |
managementconsulted.com |
84,421 |
|
|
Resume Companion |
resumecompanion.com |
88,092 |
|
|
A Better Resume Service |
betterresumeservices.com |
93,092 |
|
|
Job Descriptions, Resume Examples |
jobdescriptionandresumeexamples.com |
144,989 |
|
|
Resume Maker Online |
resumemaker.online |
156,369 |
|
|
AnitaB.org |
anitab.org |
165,414 |
|
|
OPTResume.com |
optresume.com |
232,494 |
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 resume writing service costs significantly less money than most businesses, ranging anywhere from 62 to 41,861. |
|
No overhead costs |
To get your resume writing service started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money! |
|
Meaningful business connections |
You never know who you will meet as a resume writing service. This could be the start of an incredible business opportunity! |
|
You are your own boss! |
With starting a resume writing service, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating! |
| Cons | Description |
|---|---|
|
Low margins |
The gross margins for your resume writing service are typically around 50%, which can make it more challenging to incur new expenses and maintain profitability. |
|
Time commitment |
With starting a resume writing service, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over 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 starting a resume writing service, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business. |
|
Impatient customers |
You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service. |
|
Difficult to scale |
With a resume writing service, it can be challenging to find ways to scale. Check out this article that discusses scaling your business and the challenges that come with it. |
|
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
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
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.
-
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.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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