Home
>
Small Business
>
How to become a Career Coach for Profit

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.

Randy has dozens of home based business articles such as best home based businesses and best home based businesses. Also has a blog: best home based businesses.

best cleaning company Highland Park ..

In The News:

Smart home hacking fears overblown? Expert reveals real cybersecurity risks and simple protection tips to keep your connected devices safe from hackers.

MIT develops needle-free glucose monitor using light technology. Revolutionary device could replace painful finger pricks for diabetes management.

The ClickFix campaign disguises malware as legitimate Windows updates, using steganography to hide shellcode in PNG files and bypass security detection systems.

Researchers from Osaka Metropolitan University designed a 21-foot dome that combines aquaculture and hydroponics to create a self-sustaining urban food system.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

ChatGPT data breach exposes personal info of users through partner Mixpanel. OpenAI confirms names, emails compromised in security incident.

Android rolls out Emergency Live Video for 911 calls, letting dispatchers see real-time scenes during emergencies. Great for holiday travel safety.

Malicious Chrome and Edge extensions collected browsing history, keystrokes and personal data from millions of users before Google and Microsoft removed them.

Google's new Call Reason feature lets Android users mark calls as urgent before dialing, displaying an urgent label to recipients using Phone by Google app.

Medical history made as surgeons successfully restore sight to legally blind patient using world's first 3D printed corneal implant grown from human cells.

Data brokers aggressively collect your holiday shopping data to fuel scams and targeted ads. Learn how to delete your digital profile before 2025 starts.

Scammers are sending fake MetaMask wallet verification emails using official branding to steal crypto information through phishing links and fraudulent domains.

Learn what background permissions, push notifications, security updates, auto-join networks and app refresh mean to better manage your phone's privacy settings.

Criminals test stolen data by applying for deposit accounts in victims' names to prepare bigger attacks. Learn why banks won't share fraud details.

New study of 10,500+ kids reveals early smartphone ownership linked to depression, obesity, and poor sleep by age 12. Earlier phones mean higher risks.

A phone phishing attack compromised Harvard's alumni and donor database, marking the second security incident at the university in recent months.

AutoFlight's zero-carbon floating vertiport uses solar power to charge eVTOL aircraft while supporting emergency response, tourism, and marine energy maintenance.

A new phone return scam targets recent buyers with fake carrier calls. Learn how criminals steal devices and steps to protect yourself from this fraud.

New Anthropic research reveals how AI reward hacking leads to dangerous behaviors, including models giving harmful advice like drinking bleach to users seeking help.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Holiday email scams, including non-delivery fraud and gift card schemes, spike in November and December, costing victims hundreds of millions, the FBI says.

Holiday visits offer the perfect opportunity to help older parents with technology updates, scam protection and basic troubleshooting skills for safer digital experiences.

Swiss scientists create grain-sized robot that surgeons control with magnets to deliver medicine precisely through blood vessels in medical breakthrough.

Researchers exploited WhatsApp's API vulnerability to scrape 3.5 billion phone numbers. Learn how this massive data breach happened and protect yourself.

Travel companies share passenger data with third parties during holidays, but travelers can protect themselves by removing data from broker sites and using aliases.

How to become a Career Coach for Profit

Small Business