How to become a Career Coach for Profit

A career coach could be simply defined your job seeking partner. A career coach could be a career management coach, who helps you in managing your career or a career marketing coach, who helps you build contacts, posts your resumes, tries to find the best jobs for you and helps you secure the best jobs. He basically tries to market you effectively in the job market.

Investment:
Start-up costs could be around $3000 with website hosting, a computer and other promotional materials included.

Financing sources:

  • Banks are forefront in providing start up loans
  • Business loans from the government
  • Business organizations which will consider your initiative and possibly give you start up loans.
  • Loans from government sponsored self employment programs are helpful to start up as well as develop your skills as a career coach.
  • Loans from venture capitalists and angel investors are also effective. Both will help you financially but expect a higher rate of return. The angel investor is personally interested in the growth of your business.

    Pricing guidelines for service:
    In today's competitive job market, you have to price your service effectively be it career marketing or career management. Career coaches bill by the hour. Charges range from $50 to $200 an hour with an average of $100-150.

    Advertising and Marketing Methods and Tips:

  • You can advertise in regional or national newspapers and even post ads in colleges and universities.
  • You could promote your 'career coaching' in social clubs, parties, get-togethers.
  • You could print and distribute your business cards.
  • You could write and distribute press releases locally or online which could include stories with ideas and advice which have worked for students and people in general with their career problems.

    Equipment needed:
    Typical home personal computer with database software, word processing software and access to research sites through internet.

    Income potential:
    Billing at the average of $100 per hour, working part-time you would earn from $8,000 and up. Full-time would be from $16,000 and up if you charged the industry average of $100 per hour.

    Target market:
    There is a big market where there are a lot of people who are at a crossroads in their career. There are lot of teenagers and young people who make wrong career decisions without introspecting themselves and making a decision based on peer pressure and the 'trends' in the job market. A person who changes his or her career goals for whatever reason and is now uncertain about the ways to achieve success in that field, would need the services of a career coach. There are a lot of people who need support and motivation at every stage of their career be it an interview or during a promotion. Job search is a billion dollar industry.

    Success tips:
    There are a lot of career coaches out there. To be different, upgrade your skills and focus on the entire personality development of the student or the person seeking career coaching. Groom him or her in etiquette, presentation and communication skills as well. Even if you charge a little bit extra, the person seeking your help will hugely benefit from your invaluable guidance.

    © Copyright Randy Wilson, All Rights Reserved.

    Randy has dozens of home based business articles such as Best Home Based Businesses and Batting Cages Business. Also has a blog: Profitable Home Businesses.

    In The News:

    • pen paper and inkwell


    cat break through


    Looking for a Business to Run in the New Revitalized Downtown Area?

    Looking for a place to add a Quick Lube away... Read More

    Accounting Methods ? Cash and Accrual

    When starting a business, you have to determine the method... Read More

    How To Make Sure Your Customers Still Trust Your Small Business

    The stock market is still on a wild roller coaster... Read More

    Self-Employment: Do you know the Difference between Rates and Wages

    The difference between rates and wages is not always clear... Read More

    11 MONSTROUS Small Business Marketing Mistakes and How To Avoid Them

    Increase your profit potential by identifying ? and avoiding ?... Read More

    Analyzing Customers in Your Business Plan

    The Customer Analysis section of the business plan assesses the... Read More

    The Triple A Way to Spark Your Companys Profits

    Winning small and home based businesses today must continually shake... Read More

    Business Pain Defined

    Every company has business pain, but the pain does not... Read More

    How to Wash Mobile Homes as a Business

    Washing manufactured homes, mobile homes, can be a lucrative and... Read More

    7 Tips To Improve Your Cash Flow

    Cash is King?That is what everyone tells us and it... Read More

    Cleaning Grain Silos, Towers, Containers, and Combines

    If you run a pressure washing company in a rural... Read More

    Small Business Vendors; Getting the Best Service

    If you are a small business you know that you... Read More

    Comparing Boston Area for a mobile car wash business

    The Boston suburbs seem to be rich with possible locations... Read More

    Do You Need the Help of a Virtual Assistant?

    Running a business, whether large, small or in your home,... Read More

    The Key to Creating Total System Empowerment

    In this paper, I will:1. provide a framework for creating... Read More

    10 Ways to Start a Business on a Budget

    If you've been thinking about starting a business, but are... Read More

    Franchising 101- What You Absolutely Need to Know

    Franchising has made the world look really small. The well... Read More

    Sex Up Your Business Growth

    A top executive called up me late in the night.... Read More

    Pressure Washing; How to Bid Concrete Cleaning Jobs

    Remember the cleaning business is all about time ratio to... Read More

    ADH Will Make Your Life More Productive & Your Life More Profitable

    What is a Virtual Assistant?? A Virtual Assistant is that... Read More

    Franchising Companies Relationship Strategies

    Franchising Corporations need to maintain an iron fist when it... Read More

    Facts About Starting Elderly Group Home Businesses

    There's been a recent rise in the number of elderly... Read More

    432 Page Franchise Report by the FTC

    The Federal Trade Commission is upgrading the franchise law and... Read More

    Gold Medal Delegation

    When the recent Games of the XXVIII Olympiad came to... Read More

    How to be Annoyed and Make Money

    When do annoyances in a relationship become too much to... Read More

    Business Scents - Do They Work?

    You see it often in large shopping complexes. Customers seem... Read More

    11 Things Small Business Owners Can Learn From Tiger

    1. There Are No "gimmes" ? They count two-foot putts... Read More

    Mobile Detailing Environmental Concern in the Deep South

    Macon, GA goes after garage-gas station conversion detail/hand car washes... Read More

    Slip And Fall Professionals; Service Businesses

    Since you own a business you probably have liability insurance... Read More

    The Role of the Business Model and Strategy for Business

    People will always stress that having a well researched business... Read More

    Franchise Rule to be Revised; Why?

    The FTC, Federal Trade Commission, is considering modifying the franchise... Read More

    Small Business Survival Tips

    No matter what kind of small business you have, you... Read More

    Motorizing for Profit - The Craftsmen Have Left the Building

    In the summer, I can't drive two blocks without seeing... Read More