Ever thought about starting a consulting business?
I know what you’re thinking…
Isn’t that for those ultra-smart college MBA’s types that work for big firms like Boston Consulting Group?
Well, not anymore.
Consulting has changed for good. A number of people have helped bring about a new type of consulting that involves specialising in a particular niche and winning clients over the phone instead of the traditional face-t0-face meetings.
Sam Ovens is the guy who helped bring this new type of consulting to the world. He started off living in his parent’s garage, practically living of toe-nail clippings trying to scrape a business together.
In his first couple of years, he churned through multiple five-figure sums trying to get things to work for him.
But he struggled and failed for a long time.
Eventually, he started providing web design services on the side to fuel his main business ventures.
But he quickly realised how powerful this little side gig was and ended up transforming it into a full-time business income.
Within the first year, he made over $500,000.
The second year he went into the millions.
So he enjoyed a lot of success with this type of service and what he ended up doing was creating a course that helps other people do the same.
At first, he wasn’t sure other people could do this but he quickly realised the power of consulting when his students started getting radical results.
How Consulting has changed the world
A lot of people that try to start their own business struggle and fail.
Because they dabble in things and don’t put 110% effort into their work. They treat like a hobby rather than a business. They promote low-quality products from places like Clickbank.
So it’s no surprise that a lot of people struggle when starting a business!
Consulting has opened the doors for people to start their own businesses by leveraging the expertise they already have.
So there’s no need to spend months or even years learning something entirely from scratch. Most of us have skills that we’ve acquired over the years that can be used to solve problems for other people.
It’s these skills that are so valuable and that can be turned into viable and even wildly profitable businesses.
Consulting allows you to take something you already know, and apply the skill in the business marketplace where you can help people reach their goals.
It can be done in a variety of niches from helping accountants get more clients to helping people cultivate their spiritual side.
The possibilities are endless when it comes to consulting businesses.
Why you should consider consulting
Consulting is so powerful because it is something that you can start alongside your day job. You don’t need to make any drastic life changes to get started with this type of business.
Once you’ve picked up your first few clients and are doing a great job, you can always quit your job and move full-time into your consulting business.
There are also some other reasons why you may want to consider this type fo consulting:
- The ability to work remotely from anywhere in the world
- The ability to close clients over the phone without travelling to meet them.
- The ability to outsource the fulfilment of work to contractors.
These three reasons make consulting very attractive for the average person.
Another thing worth noting is that your profit margins can be extremely high. Unlike traditional businesses where your overheads (like staff and rent) eat into your profits.
A consulting business can be run from your couch without any employees. So you can enjoy the lion share of your profit for yourself.
This is a much more efficient way of doing business compared to the old-school form of consulting that has been around for a while.
A new world of business
These new business models are transforming the way we live our lives. Consulting is one example of many business models that are changing the landscape of business for good.
No longer are you required to attend the same office every day. No longer are you required to invest huge amounts of money to get started in business.
In fact, taking consulting as an example, you can get you your first few clients without spending a dime on ads.
Yes, that’s right.
You don’t need to spend money until you have money to invest in advertising that will help you scale your business.
This is one of the most efficient ways of doing business as you don’t risk your money at the start when you don’t have any clients.
The worst thing to do would be to invest thousands of dollars in advertising when you’re first starting out.
Why? Because that money might go all down the drain. When you first start running ads, you might get it wrong.
Generally speaking, it’s best to go for organic methods like email outreach until you get your first few clients.
Once you’ve done this then you can start thinking about paid advertising and scaling the business.
So now that you know about the power of consulting — get started today!