How Long Will It Take to Generate an Income?
I often get asked the question- “How long will it take to generate an income in the staffing and/or recruiting business when I am just getting started?”
The answer to this question depends greatly on the niche you select and the segment of the industry you select. If you are placing lower level positions like light industrial, call center or office services, you can place some in a temp assignment the same day or in a direct job in a matter of a few days.
If you are placing professional contract or direct, the time frame is longer with many direct job processes taking five weeks from accepting the order to filling it with your candidate. Professional contracts can be filled within a few days.
The temp and contract segment of the business normally pays invoices weekly. Direct placement invoices are normally due within thirty days and most candidates are working and must hand in a two week notice, which can delay the start date.
Your sales, cash in and income are also impacted greatly by the niche, industry or area of specialization. This is why it’s important to determine the interview process and target date to fill when you write business.
If you’re considering starting a staffing or recruiting firm, I strongly suggest you download our whitepapers on the subject and join us on our next free webinar where we walk you through how to start your own staffing and/or recruiting firm. All you need to do is enter in your name, phone and email in the form to your upper right. Do it now!