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Consulting Business Ideas: Scholarship Consulting



Consulting business ideas are everywhere, and here is an idea that can help others and put money in your pocket. You advise students on the availability of scholarships of various types in schools throughout the country. In the United States, alone some $75 billion a year is available in scholarships, grants, and student aid to people in colleges, universities, and high schools. Bringing this money to the attention of students can be profitable for both you and the student. You will usually work with a computerized database containing information on the scholarships available in your area or at a specific school. You are paid by the student or his or her parents for the information you provide. Information on various databases you can work with can be found in your yellow pages or your local library.

What you need to know about this business

  • The start up costs for this business is between $300 and $900.

  • The potential earnings range from $6000 to $100,000 plus per year is possible. People who work with large numbers of students achieve higher earnings.

  • It takes about six weeks to see your first earnings in this business.

  • You can have added services such as help scholarship applicant write essays and put port folios together.

How to market this business

  • Advertise the availability of your scholarship service in local newspapers, school papers, and magazines.

  • Post your ads on the Internet also because there is worldwide interest in scholarships

  • Notify school counselors about your scholarship service

  • Notify college and university counselors about your scholarship service

Home business Equipment Required

  • home office
  • Desk
  • Phone
  • PC with high-speed Internet access
  • Fax




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