Start A Resume And Cover Letter Business - Business Ideas

Pat Walls

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Updated: September 15th, 2022

Start A Resume And Cover Letter Business - Business Ideas

Start A Resume And Cover Letter Business

A resume & cover letter is short documents used to advertise yourself for an open job. This document also helps with winning over the hiring manager and provides evidence that you have what it takes to get the job done.

Starting a resume and cover letter business is an excellent way to make money. You can start this as a side-hustle or a full-time career. Running a resume and cover letter business could be very lucrative, yet it is also something that you should put your heart into. Resume and cover letter businesses are not only able to make a living but they can also find joy in helping others become successful.

The resume writing business is a multi-million dollar industry. Everyone is worried about making sure that they have a good resume. The resume and cover letter writing business is actually one of the coolest things you can do at first. You get to help people turn their careers around and serve them in your own way.

Starting a resume and cover letter business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell resume writing services, or selling resume 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

See all startup costs ➜

Case Studies

I Launched A $30K/Year Etsy Shop That Sells Resume Templates [Side Hustle]

Hi, my name is Ana Colak-Fustin and I am the founder of ByRecruiters, a ...

• $2.5K/mo

How We Started A $514K/Year Content Curation Agency With Just $35 [From India]

I'm Vaibhav Kishnani, an engineer but a passionate writer by profession....

• $42.9K/mo

How I Make $240K/Year Writing Resumes

Hey guys! My name is Mary Southern, and I am the founder of Resume Assas...

• $26K/mo

See all success stories ➜

Successful Businesses

Business	URL	Rank
LiveCareer	livecareer.com	5,000
AVON RESUMES	avonresumes.com	147,786
Let's Eat, Grandma	letseatgrandma.com	237,594
Éduthèque - Accueil	edutheque.fr	338,146
Content-Whale Private Limited	www.content-whale.com	479,726
Career Resumes	careerresumes.com	570,455
Edureviewer.com	edureviewer.com	604,535
Resume Writer & Career Coach — ResumeToReferral.com	resumetoreferral.com	767,590
Custom Essay Writing Service from Professional Academic Writers	thepensters.com	776,117
Ekprice	ekprice.com	870,335
All Resume Services	allresumeservices.com.au	1,013,625

See all businesses ➜

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 and cover letter business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.
Rewarding work	Starting a resume and cover letter 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 resume and cover letter business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

See all pros ➜

Cons	Description
Crowded Space	Competition is high when it comes to your resume and cover letter 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 resume and cover letter 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 resume and cover letter 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 resume and cover letter 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 resume and cover letter business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes	As a resume and cover letter 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.