How Profitable Is A Seo Consultant Business? (Updated for 2024)
So you want to start a seo consultant business?
And the first question that came to your mind was, “well, are seo consultant businesses actually profitable?”
With a market size of $292B - there’s plenty of business to go around.
Especially considering:
- You could start a seo consultant business with as low as $9
- Based on our data, seo consultant businesses generate an average of $1.82M per year
- You could see gross margins as high as 95% with seo consultant businesses
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 seo consultant business.
Let’s dive in!
Is a seo consultant business profitable?
Yes, a seo consultant business 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 $1.82M per year with an estimated gross margin of 90%, you could expect to recover your investment within 7 months or even less.
But of course, it all comes down to how much you earn compared to the potential revenues of your seo consultant business.
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 seo consultant business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.
Is a seo consultant business worth it?
If you’re wondering if a seo consultant business is worth it, the answer is a big YES. With seo consultant businesses, you have the potential to earn $1.82M 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 $292B, 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 seo consultant business 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 seo consultant businesses case studies.
Examples Of Profitable Seo Consultant Businesses
Here are a few examples of profitable seo consultant businesses, and a few more details about them:
1. 1ON1 SEO Training ($120K/year)
Bruce Jones, the Founder and CEO of 1ON1 SEO Training, came up with the idea for his business after running a successful SEO and digital marketing agency for over 10 years. Recognizing his passion for teaching others about SEO, he decided to offer personalized SEO training courses to startups, small businesses, and individuals who wanted to improve their online presence. Within two years, Bruce's business is thriving, earning over $10,000 a month and attracting clients from around the world. Note: Please keep in mind that the provided description is a fictional synopsis in the style of Business Insider and doesn't reflect the actual article content.
Is it profitable? Yes
How much money it makes: $120K/year
How much did it cost to start: $9
1ON1 SEO Training is a B2B company that offers personalized search engine optimization and digital marketing courses for startups, small businesses, and individuals, and has worked with dozens of businesses from all around the world to earn over $10,000 a month.
2. Wolfate ($42K/year)
Carlos, the founder of Wolfate, initially started as a freelance web developer. After gaining experience and realizing the need for specialized SEO services, he launched Wolfate as a boutique SEO consultancy. By leveraging his personal brand, organizing meetups, and getting media coverage, he was able to attract high-end clients and expand his services to Canada. Persistence and hard work were key factors in his success.
Is it profitable? Yes
How much money it makes: $42K/year
How much did it cost to start: $100
Wolfate, a specialized boutique SEO agency based in Mexico and Canada, shares its story of expansion through offering services for specific scenarios such as web migration and ranking drops, and implementing successful marketing strategies like organizing SEO meetups and media outreach.
3. Travel Tractions ($420K/year)
Matthew Davison, the founder of Travel Tractions, came up with the idea for his tourism-focused marketing agency after scaling his previous travel startup to over 500,000 page views a month. He saw an opportunity to help other travel businesses achieve similar results and launched Travel Tractions as a productized service agency, focusing on SEO content and audits before expanding into other services like social media, PPC, and web builds. Despite facing challenges during the COVID pandemic, the company has rebuilt and grown to a monthly revenue of $35k, with a focus on client retention and a predicted triple-digit growth in 2024.
Is it profitable? Yes
How much money it makes: $420K/year
How much did it cost to start: $100
Travel Tractions, a tourism-focused marketing agency, which produces and optimizes almost half a million words of content a month for a wide range of travel publications and businesses all over the world, has built back up to be a formidable business today after losing 95% of its business due to COVID and many of the team two years ago, now doing around $35k/month.
Learn more about starting a seo consultant business:
Where to start?
-> How much does it cost to start a seo consultant business?
-> Pros and cons of a seo consultant business
Need inspiration?
-> Other seo consultant business success stories
-> Marketing ideas for a seo consultant business
Other resources
-> Seo consultant business tips
How much can you make with a seo consultant business?
With a seo consultant business, you can make an average of $1.82M revenue per year (based on data reported by real businesses).
You can start with an initial investment as low as $9. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.
How much does a seo consultant business make a week?
Based on our data, average weekly revenue for a seo consultant business ranges around $37.8K. As such, you could see monthly revenues of $151K.
To know if your seo consultant business 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 seo consultant business.
How much do seo consultant businesses owners make?
The income of a seo consultant business 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 seo consultant business is about $37.8K. 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 seo consultant business owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.
Seo Consultant Business Profit Margins
Generally speaking, a seo consultant business can expect profit margin of around 90%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a seo consultant business, 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, seo consultant business 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, seo consultant business owners can ensure long-term sustainability and profitability for their business.
Seo consultant business owner salary
The salary of a seo consultant business 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 seo consultant business, in a prime position, might see an average weekly salary around the ballpark of $34K.
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 seo consultant business may be a promising business to start - but the success of your seo consultant business mostly depends on your effort and your approach.
If you focus on these, you'll have a much higher chance of a profitable seo consultant business.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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