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Q: Starting a Professional Research Service ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: Starting a Professional Research Service
Category: Business and Money > Small Businesses
Asked by: bella_aria-ga
List Price: $20.00
Posted: 29 Oct 2002 10:07 PST
Expires: 28 Nov 2002 10:07 PST
Question ID: 92163
I was laid off from my career job as a Human Resources Manager.  I
want to work from home now and I LOVE to research, especially on the
Internet.  I am excellent at sleuthing out information, particularly
when it involves people, as I am very intuitive.  I completed three
so-called “impossible” searches for adoptees in search.  I am
fascinated with this web site; the questions people post and the
answers the researchers provide, although I don’t understand how such
extensive research is done for $2 & $5 fees.  I have surfed around and
found only one company that has a service similar to what I have in
mind - Diogenes Research Associates, but this fellow has a Ph.D. in
political science  (I only have my BA in poli sci)  so I’m a bit
intimidated by his credentials, although I know I’m good at what I do.
 I would appreciate insight and advise for making an income at what I
love.  And…I hope $20 will be acceptable, even though the right
assistance and advice is certainly worth far more. Thank you.
Answer  
Subject: Re: Starting a Professional Research Service
Answered By: answerfinder-ga on 29 Oct 2002 12:03 PST
Rated:4 out of 5 stars
 
Dear bella_aria-ga 

I’m like you in that I love to seek out information and enjoy the
challenge of the search. However, whether you can turn this enthusiasm
into a full-time employment solely by using the internet as your
library, is questionable and will be a challenge.
 
Perhaps if I give you my circumstances as an example. I am based in
the UK. For 30 years I was employed in a career which required logical
investigation techniques and knowledge of computers. Because of
ill-health I now work from home carrying out freelance internet
research. I specialize in research on individuals and companies for
due diligence purposes, and corporate intelligence research. All my
clients are from contacts I made during my previous career, although I
anticipate some new clients will be generated by word of mouth by
existing clients.

I will never be rich with this, I sit at the computer for hours at a
time when I’m busy, often week-ends when there’s an urgent job on.
Otherwise it can be days waiting for work or busy on the phone
generating new work.

Google is a welcome source of income, and you are right, often $2-5 is
not a great amount but the computer and phone are paid for so I might
as well use my time usefully.

What does my example tell you?

Working from home for yourself can be lonely and a challenge. Are you
the type of person who could cope with this? Could you cope with the
possibility of low income, especially until you’ve built up a client
base.

If you are going to do only internet research where will you get your
clients from? Are there companies that you have dealt with in the past
where they employ in-house researchers and you can offer a more
reliable and cheaper service? My main line is “Are you wasting time
looking for information on the internet. Save your time for analysis.
Let **** do the groundwork for you”.

Is there a specialist area you have knowledge of? Contact companies
offering your services.

Also try investigation agencies, private detectives, genealogists,
lawyers.

Having a web site offering research services is unlikely to work
unless you can draw people to it. Google has the  power to draw
millions to it and yet look at the number of questions posed each hour
on this site.

Type in Internet Research in Google and see the response. 
://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=%22internet+research%22
How many potential clients would type in such a search and find you?
How would they pay you? Do you want the problems of collecting
payments from strangers?

Would you offer paid for sites? e.g. LexisNexis, Dun & Bradstreet?
Expensive – would your client base justify the outlay?

Do you have the computer skills and search techniques to provide a
good service? Try several of the questions on Google to test your
search strategy but don’t forget how you would present the information
you have found to your client.

These are just a few of the things you have to think about.

Finally, don’t worry about credentials. If you find that information
quickly, cheaply and efficiently for the client, then they will come
back to you. Your challenge will be to find the client in the first
instance and convince them that they need you, and your service.

Good luck.

answerfinder-ga

Clarification of Answer by answerfinder-ga on 29 Oct 2002 13:29 PST
Dear bella-aria-ga
I regret that under the Google terms and conditions, and researcher
guidelines, I will be unable to contact you directly.
Best wishes
answerfinder-ga
bella_aria-ga rated this answer:4 out of 5 stars and gave an additional tip of: $5.00
Thank you for your insight.

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