Business At A Glance
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Online Operation? No
Some of the world’s most profitable and famous modeling agenciesstarted on a shoestring budget. The key to success in this industry isnot having deep pockets, but good contacts and knowing how tocapitalize on those contacts.
When you stand back and analyze amodeling agency, what you find at the core of the business is simplythis: a modeling agency represents people of various appearances,shapes, sizes, races, etc., who are used to promote or display aproduct or service for paying a client. Nothing more. This gets back tomy first point, which was industry contacts. Contacts are important inthis industry for a few reasons, including the fact that the industryis very competitive or even cutthroat. Reliability is essential, andnew modeling agencies find a lot of closed doors unless they have acontact inside. Once established, a modeling agency can be veryprofitable, making this a business opportunity that is definitely worthinvesting some time into researching the possibilities further.
There are a variety of potential clients for your business:Photographers, ad agencies, fashion designers and even trade showparticipants who need to staff their booths.