Start A Resume And Cover Letter Business - Business Ideas
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.
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
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 |
Case Studies
•
$3.5K/mo
•
$42.9K/mo
•
$26K/mo
•
$10K/mo
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 |
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! |
| 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. |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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