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Work at Home Idea: Start an Information Consultant Business

As an information consultant, companies will pay you to search online services and databases, dig through libraries, access government archives, and locate experts over the phone.

Best of all, thanks to the vast amount of information currently available on the Internet, you can conduct the majority of your research from the comfort of your own home.

This guide from Entrepreneur.com is necessary before diving into this home business venture.

Book Excerpt

Information consultant. It kind of sounds like someone James Bond would consult to find the location of stolen secret government documents, doesn’t it? Bond slips you an envelope full of money, and you hand him a computer disk labeled “For Your Eyes Only,” with all the information he so desperately needs but couldn’t find himself. The country is saved, and you’re off to the bank to make a deposit.

While the real life of an information consultant may not have all the cloak-and-dagger stuff, who wouldn’t trade that excitement for the ability to do all the sleuthing from the comfort your own home—with the same trip to the bank at the end?

The Right Stuff

In the past, information consultants were generally ex-librarians or full-time librarians who moonlighted by doing extra research for clients. Things have changed a lot in the past 10 years. Now, primarily due to easier access to information online, information consultants can come from virtually any profession. Medical receptionists can become medical researchers. Magazine editors can become expert researchers in topics they used to cover in their magazines. Paralegals and legal secretaries can take their knowledge of legal matters into business doing research for lawyers. It’s even possible for you to become an information consultant without any experience in the field by subcontracting work from established consultants. The possibilities are endless. Why, then, isn’t everyone with any sense doing this type of work? The answer is simple: Many people are just not cut out for it. In the next section, we’ll take a closer look at what it takes to be an information consultant, so you can decide whether the profession is right for you.

The Thrill Of The Search

First off, if you’re planning to become an information consultant because it sounds like easy money, forget it. While you may get lucky and find information for a client quickly every once in a while or find out that two clients want similar information, you’ll have just as many jobs where you’ll be pulling your hair out trying to find information that doesn’t seem to exist. The key to surviving in this field is to enjoy the work. Here are some questions you can ask yourself to help determine whether you’re cut out for information consulting: ......

This guide from Entrepreneur.com is necessary before diving into this home business venture.