Income $50,000.00 – $200,000.00
The range of income for the first year will be dependent upon the length of the jobs you’re able to secure. Capturing documents is extremely lucrative. Most firms pay an average rate of $2 per page.
You could also expand your endeavors to the point of locating clients, managing other word processors and negotiating 25-50% of their rate as your fee. This would give you unlimited income and eliminate the need for you to actually do the work yourself.
Companies that need occasional word processing services would have projects such as manuscripts, as well as legal events such as depositions and court reporter’s documents. You would need to capture the documents in the client’s desired format.
Your clients will consist of legal firms, as well as state, county and federal legal departments and publishers. You will also find that college campuses may have professors and students who need manuscripts, theses and other documents captured.
Your services would allow them to hire you as the need arises.
Your marketing plan will be based upon targeting legal services, schools and publishers. Join leads clubs in order to obtain personal introductions to firms that would use your services. These personal introductions will provide you a much more rapid access to new clients.
Your Power Partners will be those who supply your clients with services on a regular basis. They will consist of Printers, Photographers, Graphic Artists, Web Site Designers and Marketing firms.
The conversations with these Power Partners should indicate your willingness to include them as you become aware of companies that need their services. It is important you meet with these Power Partners in person the first time, and then keep in touch with them weekly through email or phone conversations.
You will need to have excellent typing, organization and project planning skills, as well as a computer to create a database, a tracking system and invoices. A professionally designed website is not necessary and an outgoing personality is extremely important. You will also need to have reliable transportation.
You could also expand your endeavors to the point of locating the clients and managing other typists, then negotiating either finder’s fees for projects or a percentage of the project fees. This would give you unlimited income and eliminate the need for you to do the work yourself.
Personality Type: Amiable, Driver
Total Start Up Costs: Less than $500
(includes business cards, website and phone)