Do you want to start a resume writing service business? This home-based business can be started by anyone having writing skills. Here in this article, we list down steps to start your own resume writing business from home and whether it is the right fit for you.
What is Resume Writing Service?
A resume writing service is all about helping job seekers in creating a resume that correctly manifests a candidate’s skills to the interviewer. A resume writer will be interviewing candidates in-depth so that the resume demonstrates and create a positive impression on the person’s mind.
14 Steps to Start Resume Writing Business
Here are the steps to follow to start a resume writing business from home:
1. Check Whether the Business is Fit for You or Not?
Though anyone can start this business, individuals with strong language skills will have a certain advantage. But only language skills will not be enough to be successful in this business. You need to be well acquainted with the present job marketplace and applicant tracking system.
People having previous HR experience will have better chances to succeed. In addition to this, one must have good communication skills because you will require good interviewing skills to understand the positives of the candidate.
However do remember, that the resume writing industry is very much competitive. Sometimes, it becomes extremely difficult to get steady resume writing jobs. One must diversify into other similar writing activities like freelance writing, e-book writing, and coaching.
2. Create a Business Plan
Before you start a resume writing service business, it is essential to plan it properly. We have listed down some of the basic factors while planning. For a home-based resume writing business, you don’t need to write a long plan document. Some of the basic topics that must be addressed are as follows:
- Initial and recurring costs
- Target customers
- Pricing plan
- How do you plan to find customers for resume writing services?
3. What do you Need to Start to Resume Writing Business?
The cost of starting a home-based resume writing business is very low. The tools you need are a phone/cell phone, good internet connection fax, and an updated laptop/computer.
4. Understand the Cost of Starting Resume Writing Business
If you have all these already, you can start this business by just taking a domain name and creating a website. It won’t cost you more than $200 to start a resume writing service business. Since starting this business from home, you are not required to pay rent for office space.
5. Decide on the Target Market
Initially, it is advised to select a single or a few niche industry job categories. You can also target either freshers or high-valued job seekers at the start. After your candidates get positive results, the business will automatically scale up through word-of-mouth advertisements.
6. Set Proper Pricing
You are supposed to be paid fees for your service. You need to set a pricing structure for your effort. The price will largely depend on the candidate’s profile. For fresher, the price can be as low as $50 per resume and for higher profiles, it can go up to $1000 dollars each resume.
7. Decide on How Many Hours Would Work Per Week?
Since it is a home-based freelance business, you have the freedom to work as many hours as you want. But it is important to have a schedule and be self-disciplined. If you have a proper routine and have a clear understanding of how many hours to dedicate, your delivery of tasks will be better. It will also help in calculating earnings per job hours.
8. Name Your Resume Writing Business
Selecting the right name is extremely critical for the long-term success of any business. Check our detailed guide on how to name your business. Do not forget to book a relevant domain before finalizing your business name. It is found mostly, that it becomes difficult to get a relevant domain name for your website.
9. Register Your Business
It is essential to register your resume writing service business for a hassle-free running of business operations. Every Country and state provides different company formations for registering a company.
For example, if you are looking to start a business in the United States, LLC is a popular choice as it protects entrepreneurs from being personally liable in case of legal issues.
10. Register for Taxes
Talk to the local competent authority or a competent professional and learn the tax requirements need to start and run a resume writing business.
In the United States, you will need to apply for an EIN to register for taxes.
11. Open A Business Bank Account and Apply for Credit Card
For financial transactions, it is mandatory to open a business bank account. After opening the account, apply for a credit card. This will not help you in filing taxes at the year-end but also get business loans if required in the future.
12. Set up Bookkeeping
For smooth running and proper maintenance of financial transactions, setting up proper accounting processes is much important. Choose proper accounting software as per your needs.
13. Procure Licenses and Permits
No such licenses and permits are required to start a home-based resume writing service business in most countries. However, it is advised to check with a local attorney or a competent professional. For residents in the states of the United States, visit the official site of SBA and learn whether any specific licenses are required or not.
If you are into hiring employees to run your resume writing business, buying business insurance is worth considering.
14. Promote Your Resume Writing Business and Get Customers
Having a proper marketing plan is the most important key to succeed in the resume writing service business. Networking is most important to reach potential customers in the initial phase. Distribute flyers, and greeting cards in front of colleges, and offices.
Having a website is a must in this business. Create a blog and post some articles and promote those on social media platforms. Candidates always look for resume writers with testimonials. The website is the cheapest and easiest way to create an assuring impression in candidates’ minds.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.