Resume Writing Service

How Profitable Is A Resume Writing Service? (Updated for 2024)

Pat Walls

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Updated: October 5th, 2024

How Profitable Is A Resume Writing Service? (Updated for 2024)

So you want to start a resume writing service?

And the first question that came to your mind was, “well, are resume writing services actually profitable?”

With a market size of $13.9B - there’s plenty of business to go around.

Especially considering:

You could start a resume writing service with as low as $35
Based on our data, resume writing services generate an average of $278K per year
You could see gross margins as high as 70% with resume writing services

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a resume writing service.

Let’s dive in!

Is a resume writing service profitable?

Yes, a resume writing service is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $278K per year with an estimated gross margin of 50%, you could expect to recover your investment within 6 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your resume writing service.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your resume writing service is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a resume writing service worth it?

If you’re wondering if a resume writing service is worth it, the answer is a big YES. With resume writing services, you have the potential to earn $278K per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $13.9B, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a resume writing service to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful resume writing services case studies.

Examples Of Profitable Resume Writing Services

Here are a few examples of profitable resume writing services, and a few more details about them:

1. Recruiter Written ($24K/year)

Alex Benjamin, the founder of Recruiter Written, came up with the idea for his resume and LinkedIn profile writing service after realizing that many highly skilled individuals lacked strong resume writing abilities. With 13 years of experience as a recruiter, Benjamin combined staffing industry best practices and keyword optimization to create a process that supports all industries and positions. After five weeks of launching, Recruiter Written booked $1600 in total, and now sees the majority of its business coming from referrals.

Is it profitable? Yes
How much money it makes: $24K/year

How I Started A Profitable Resume Writing Side Project

Recruiter Written, a resume and LinkedIn profile writing service founded by Alex Benjamin, successfully launched with a startup cost of $600 and has since generated an average gross profit of around $1940 per month primarily through referrals, and plans to expand to downloadable PDF Resume and LinkedIn Profile Writing guides.

Read this case study

Read by 16,387 founders

2. Resume Assassin ($312K/year)

Mary Southern, founder of Resume Assassin, started the business almost 10 years ago to combine her love for resume writing, job searching, and serving others. Despite doubting her marketable skills, she decided to pursue her passion and create a company that empowers job seekers and entrepreneurs. With hard work and a bit of luck, Mary has grown her business 25%+ YoY for the last 5 years, helping clients land jobs at leading companies and capturing 7- and 8-figure clients.

Is it profitable? Yes
How much money it makes: $312K/year

How I Make $300K/Year Writing Resumes

Resume writing service, Resume Assassin, was launched almost 10 years ago by Mary Southern and has grown 25%+ YoY for the last 5 years, charging $499 for an entry-level resume, $549 for a mid-level resume, $599 for a leadership resume, $649 for an executive resume, $150 for a cover letter, and $349 for LinkedIn optimization, gaining a feature in a local newspaper, as well as appearances on business podcasts and aiming to work with influencers to widen its customer base despite originally being plagued with self-doubt on marketable skills.

Read this case study

Read by 5,905 founders

3. Content-Whale Private Limited ($750K/year)

Vaibhav Kishnani, an engineer turned writer, came up with the idea for Content-Whale after noticing the unprofessional conduct in the Indian content market. With just Rs. 2,500 ($35) in capital, he started the content agency which now generates a revenue turnover of Rs. 4 crores ($514,000) and serves clients like Quikr and The Boston Consulting Group.

Is it profitable? Yes
What's the gross margin? 70%
How much money it makes: $750K/year
How much did it cost to start: $35

How We Started A $514K/Year Content Curation Agency With Just $35 [From India]

Content-Whale, a content curation agency, has achieved a Rs. 4 crore ($514k/year) turnover 4-5 years after being started with just Rs. 2500 ($35), and has a pool of more than 500 writers, aiming to become a market leader in the global content market.

Read this case study

Read by 6,221 founders

Learn more about starting a resume writing service:

Where to start?

-> Resume writing service plan
-> How to finance a resume writing service?
-> How much does it cost to start a resume writing service?
-> Pros and cons of a resume writing service

Need inspiration?

-> Other resume writing service success stories
-> Marketing ideas for a resume writing service
-> Resume writing service names

Other resources

-> Resume writing service tips

How much can you make with a resume writing service?

With a resume writing service, you can make an average of $278K revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $35. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 6 months.

How much does a resume writing service make a week?

Based on our data, average weekly revenue for a resume writing service ranges around $5.78K. As such, you could see monthly revenues of $23.1K.

To know if your resume writing service achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your resume writing service.

How much do resume writing services owners make?

The income of a resume writing service owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established resume writing service is about $5.78K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a resume writing service owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Resume Writing Service Profit Margins

Generally speaking, a resume writing service can expect profit margin of around 50%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a resume writing service, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, resume writing service owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, resume writing service owners can ensure long-term sustainability and profitability for their business.

Resume writing service owner salary

The salary of a resume writing service owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established resume writing service, in a prime position, might see an average weekly salary around the ballpark of $2.89K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a resume writing service may be a promising business to start - but the success of your resume writing service mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable resume writing service.

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Starting A Resume Writing Service: Everything You Need To Know

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