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:

    KEDCO Expands Small Business Relief Fund  Inside INdiana Business

  • Your Babys Ugly..and Youve Got Bad Breath

    I've got good news and bad news. The good news... Read More

    Consistency Builds Trust

    You know your prospects need what you sell. You know... Read More

    Asking the RIGHT Questions

    Which questions do you need to ask to even get... Read More

    Small Business Survival

    In today's economic climate, the first priority for the small... Read More

    Small Business Success: Thriving During Change (And Landing On Your Feet!)

    If I had $1.00 every time I heard someone say... Read More

    Power Tools for Business

    How do we keep track of our business deals?If you... Read More

    Forming a Corporation ? Investors

    You've come up with the best idea since sliced bread,... Read More

    Promote Yourself More Successfully

    One of the great challenges for independent professionals and small... Read More

    11 Things Small Business Owners Can Learn From Tiger

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

    Business Owners - Do You Actually Own a Job?

    How many hours do you work a week? When was... Read More

    Small Business Marketing - How Important Are Your First Words?

    "What do you do?" It just might be one of... Read More

    Big Successes Never Happen Overnight

    Treat your business as a serious, full-time business and be... Read More

    Small Business Newsletter Dilemma: Which Day Do I Send?

    If you're just ramping up your small business email newsletter,... Read More

    More Business Card Marketing

    If you are worried about how many different business cards... Read More

    Should I Franchise or Not?

    A reader of one of my online sessions asked should... Read More

    Chamber Membership will BOOST your Business

    When is the Chamber ideal for your business?Joining a Chamber... Read More

    How to Start a Carpet Cleaning Company

    Opening a carpet cleaning business is a great way to... Read More

    Starting a Small Business: Balancing Risk and Reward

    In a perfect world, starting a small business would be... Read More

    Small Business Franchise Opportunities

    Many businesses offer small business franchise opportunities. There are many... Read More

    Choosing a Truck Wash Location in Nevada, Case Study

    There are several well-known truck washes in the Great State... Read More

    How Small Business And Nonprofits Can Afford Multimedia For The Web

    Multimedia is everywhere on the Internet, whether in the form... Read More

    A Look at Incorporating a Business in Florida

    As you may know, there are many ways to incorporate... Read More

    How To Select a Franchise

    Here are some useful tips on how to select a... Read More

    Multiple Clients Create Your Independent Business

    Would you rather have one good client paying you five... Read More

    North County San Diego Small Business

    North County San Diego has had some significant growth, and... Read More