Online Consultancy

Online Consultancy Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

In an increasingly digital world, online consultancy offers a compelling business model for leveraging your expertise. Online consultancy is about providing professional advice to clients via virtual platforms. You can share your knowledge in fields such as business strategy, digital marketing, or financial planning, all from the comfort of your home.

The process is fairly straightforward: establish your niche, build a website, and market your services through social media or digital advertising. Clients schedule sessions online, where you offer your expert advice, often using video calls or messaging apps.

Online consultancy eliminates the geographical limitations of traditional consulting, allowing you to tap into a global clientele. Flexible and scalable, this business idea suits both seasoned professionals and those looking to transition into consulting.

Invest some time in acquiring industry-specific certifications and developing an online presence. The rewards can be substantial, providing not only an income stream but also the satisfaction of helping others succeed in their endeavors.

In this list, you'll find real-world online consultancy success stories and very profitable examples of starting a online consultancy that makes money.

1. Ditto Transcripts ($1.2M/year)

Ben Walker, the founder of Transcription Outsourcing, was inspired to start his business after hearing about a friend starting a medical transcription company. He saw an opportunity in the healthcare industry and decided to join forces with the founder to create a transcription service that catered to not only medical professionals but also the legal, law enforcement, financial, academic, and general business industries. Through effective advertising, SEO, and a commitment to exceptional customer service, Transcription Outsourcing has been able to attract and retain clients, leading to their success as a $100k/month company.

How much money it makes: $1.2M/year
How much did it cost to start: $150K
How many people on the team: 5

How We Started A $100K/Month Company That Provides Transcription Services

How this founder started a $100K/month guaranteed transcription service for medical, legal, law enforcement, financial, academic and general business industries, winning the NASPO ValuePoint transcription services contract over 26 other companies and learning valuable lessons about getting a coach and getting as much PR as possible.

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Read by 13,570 founders

2. Typewrite Transcription and Typing Services CC ($36K/year)

Gaynor Paynter had always dreamed of being her own boss and saw an opportunity to start her own typing and transcription business in 2005. With the advent of ADSL in South Africa, she was able to set up a home office and launch Typewrite Transcription and Typing Services. Through hard work, solid service, and effective marketing, Gaynor has built a successful business that continues to adapt and thrive in a challenging market.

How much money it makes: $36K/year
How much did it cost to start: $100
How many people on the team: 2

How I Started A $3K/Month Transcription And Typing Service

A South African entrepreneur started a transcription and typing service business from home in 2005 with a few basic marketing strategies and solid service, despite challenges in a tough economic environment and the pandemic, and is making a success of virtual working with versatile services.

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Read by 4,864 founders