Wordprocessing business 
| Starting a wordprocessing business |
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There are plenty of people in business who can’t actually type or even format a letter or document without hours of aggravation. Often, small business owners can’t afford to pay a full to take care of simple word processing, letter writing, billing layouts, etc. This opens up a great opportunity for you.
Word processors prepare and format documents on a computer from handwritten notes or often-antiquated typed documents. This can be incorporated into a resume service, business plans, legal briefs, manuscripts, novels, etc. Valuable Skills/RequirementsYou should have excellent typing skills. The faster you can type (accurately) the more money you can make. You should also be able to edit and proofread, and have a good understanding of proper grammar. Your clients will depend on your accuracy and the business will depend on it. Luckily, word processing programs like Microsoft Word makes it easier to correct your mistakes as you type, saving a lot of time (and money). You should also be able to add additional skills to your offering. You should learn how to use a spreadsheet and database program, if you don’t already know how. A program such as Microsoft Excel is invaluable to someone who really knows how to use it in business. It’s great for setting up business forms, customer spreadsheets, pricing grids, etc. How much you can make?Most word processor businesses charge $25 to $35 per hour, but it depends on the additional services you offer, like editing copy as opposed to just typing the words given to you. Startup Costs/What you need to beginYou will need a computer with basic word processing software. Microsoft Word is recommended, but most computers come with a basic program you could use to get started. You will need a laser printer for higher quality output, but often some of the more expensive ink jet printers have very high resolution. For simple word processing, you can buy a used computer for a couple hundred dollars. Total startup costs can be as low as $300 including marketing in the local paper or local business publications. Contacting local print shops for their outsourcing needs is a good idea to get the word around about your services. Small businesses may not have the money to pay a full time secretary, and if you can show them you can be a cost-effective resource for type-setting documents, this is a good option. You can save them time and money. If you can add other services to your business offering, such as spreadsheets and other typesetting services, you will have a more marketable service. Resources "Words from Home: How to Operate a Home-Based Word Processing Business," American Business Support Services Information Yorba Linda, CA 92886-5930 Related:
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