A financial consultant service helps people manage their money, borrow money for college or business, and plan for a financially sound future through wise investments, a well-constructed budget, and money-management strategies to prepare for their retirement years.
Start-Up Costs and Financing Sources
$10,000 to $20,000. You will need to have a fully equipped, professional in-home office that is suitable to receive clients. This start-up estimate also includes advertising and promotional costs.
Personal savings, small business loan.
Pricing Guidelines
By the hourfrom $50 to $200.
A one-time fee for a sample and for financial aid and scholarship searches.
Charge one flat fee per financial plan.
A one-time fee and a monthly retainer.
Marketing and Advertising Methods and Tips
Take out an ad in the business telephone directory.
You can educate and attract potential clients by presenting talks and/or conducting workshops or seminars on financial planning.
Produce a quarterly newsletter or an e-zine and send it out to prospective clients.
Most financial consultants or planners get client leads from the referrals of friends, family, and acquaintances, but you must be proactive in your marketing of your services in order to achieve success.
Essential Equipment
Home office equipment, including computer, fax machine, and financial management software and report-writing software to put all your information into organized reports for |
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