Are you interested in starting a resume writing service? With the right skills and this article, you can learn how to start up a home-based resume-writing business and decide if it’s the right fit for you.
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What is Resume Writing Service?
A resume writing service helps candidates create resumes that accurately showcase their abilities. They interview the individual in order to form a positive impression of the interviewer.
14 Steps to Start Resume Writing Service Business
To begin a resume writing business from home, you should follow these steps:
1. Check Whether the Business is Fit for You or Not?
To be successful in this business, language proficiency is beneficial, but it isn’t enough. Knowing the job market and understanding the applicant tracking system are essential as well.
People with prior HR experience will likely succeed, but it is also important to possess good communication skills. This is beneficial for conducting interviews and uncovering potential job candidates’ strengths.
It’s a tough market when it comes to resume writing, so to remain competitive one needs to expand their horizons into other writing ventures such as freelance work, e-book authorship, and coaching.
2. Create a Business Plan
Prior to establishing a resume composition service, it is most determinative to devise it thoroughly. We have set down some of the fundamental components in crafting a plan. For a dwelling-based resume writing business, one does not need to create an extensive plan paper. A few of the basic matters that ought to be addressed are as follows:
- Initial and recurring costs
- Target customers
- Pricing plan
- What strategies do you have for acquiring customers for resume writing services?
3. What do you Need to Start to Resume Writing Business?
Begin a resume writing business from home with minimal investment—all you need is a phone, internet access, fax machine, and computer.
4. Understand the Cost of Starting Resume Writing Business
With the necessary tools in hand, launching a resume-writing business requires just a domain name and website, costing no more than $200. Plus, as you’re running it from home, there’s no need to pay for office space rent.
5. Decide on the Target Market
Initially, it is recommended to only focus on one or a few job categories in a specific industry. You can start by targeting either new graduates or experienced professionals. Once your job seekers experience positive results, your business will grow naturally through word-of-mouth publicity.
Learn how to conduct market research with limited resources.
6. Set Proper Pricing
Your payment for your services is due. You need to establish a rate schedule for your work. The cost will highly rely on the profile of the applicant. For beginners, the price can be as little as $50 per resume and for higher profiles, it can reach $1000 dollars each resume.
7. Decide How Many Hours Would You Work Per Week?
As this is a house-based freelance venture, you can first leisurely choose how many hours to work. Nevertheless, it is imperative to have a plan and possess self-control.
This will assist in maintaining the quality of task submission and also compute gains per job hours if you possess an accurate timetable and perceive the amount of time to allow for labor.
8. Name Your Resume Writing Business
Choosing the perfect appellation for a business is critical for its long-term prosperity. Review our comprehensive guide on how to label your business in order to make the correct decision.
Before finalizing the name, do not forget to register an appropriate domain as well. It is commonly known that it can be difficult to come by an appropriate web address for your site.
9. Register Your Business
To ensure your resume writing service runs smoothly, you must register it according to the regulations of your country/state. Different locations provide different ways to legally form a business.
For instance, if you plan on launching a business in the U.S., many entrepreneurs opt for a Limited Liability Company (LLC) as it shields them from personal liability in the event of legal disputes.
10. Register for Taxes
To start and operate a resume-writing business, consult with the relevant authorities or experts to understand the applicable tax regulations.
For tax registration in the US, an EIN must be obtained.
11. Open A Business Bank Account and Apply for a Credit Card
To manage finances, you must open a business bank account. Once that is done, obtain a credit card. This will be important for tax filing at the end of the year and gaining access to business loans if needed in the future.
12. Set up Bookkeeping
To guarantee efficient financial operations, it is essential to establish good accounting procedures. Make sure to select the right accounting software for your requirements.
13. Procure Licenses and Permits
You don’t usually need special licenses or permits to start a home-based resume writing service business. However, it’s prudent to verify your local laws and consult with a professional. If you’re in the US, visit the Small Business Administration (SBA) website to find out if certain licenses are necessary.
Investing in business insurance is a worthwhile consideration if you plan on hiring staff for your resume-writing business.
14. Promote Your Resume Writing Business and Get Customers
Building a successful resume-writing service requires a comprehensive marketing plan. Make connections at the start and distribute flyers and greeting cards in college and corporate settings.
Having a website is essential in this arena. Establish a blog and publish several articles and advertise those on social media outlets. Hopefuls perpetually seek resume authors with endorsements.
The website is the most economical and convenient way to forge an assuring appearance in the applicant’s thought processes.
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