hey everyone welcome back to another episode of what's your game plan today i'm going to give you a quick guide on how to start a robotic process automation consulting business online over the past year rpa technology has been the talk of the town amongst businesses who are seeking to lower their costs and maintain a high level of service the industry today alone is currently valued at 3 billion so where is your piece of the pie if you like technology and you want to help businesses grow selling rpa services may be a business idea to consider here's how to get started [Music] so the first step in creating an rpa business is to decide on your specialty i'm sure you're not an expert in every area of technology and a good place to start is to decide on where you can actually help as a technology consulting company most beginners choose to sell services in an area where they've had the most experience the top industries using rpa technology right now are banking healthcare manufacturing insurance and retail if none of these industries appeal to you don't be afraid to step outside of your comfort zone any company who spends time manually processing orders invoices claims doing manual data entry or activating accounts just about any repetitive task that is currently being done on paper or by using spreadsheets can be automated with rpa technology after you choose an industry to target you can now proceed to step two technology consulting usually isn't a one-size-fits-all type of business before you approach potential clients you'll need to outline your service offering and your prices many companies choose to bundle their services based on the client's needs and the project's requirements this will usually include planning design and integration of the new software sometimes it includes on-site or remote management tech support or extra consulting and advisory services once you've decided on your services and your pricing you can now proceed to step three now it's time to officially register your business you won't be able to accept payments for services until you complete this step you'll need to register and apply for a federal ein number and form an llc or corporation i recommend using mycorporation.com as they usually have a variety of packages to choose from but the most basic package can get you started right away after you've chosen a name and you've registered your business you can officially open a business bank account it's pretty easy to open but they won't get you set up without having that legal incorporation paperwork and the ein number that i just spoke about you can work with a local bank that you're already using or simply choose a new one branding is one of the most important parts of creating a new business because it's your brand's identity that actually helps shape your customers beliefs and keep them buying from you for branding i recommend using 99 designs because the process is quick and painless and with them you actually get what you want for marketing materials i like to use envato because they literally have tons of graphics for each and every single kind of business on demand tech companies will usually need to start with a logo business cards a brochure and some social media graphics 99 designs has what they call the brand identity pack that'll actually get you started right away don't forget since you're selling rpa technology your brand's messaging needs to be on point for what the client is looking for there's a company called fiverr that sells affordable marketing services you just go to their website and search in the terms brand messaging and it will reveal tons of people who are willing to help you craft out your brand's messaging strategy so the next step is to buy web hosting i always choose bluehost because they are the most reliable for businesses who need to set up their first ever website you'll get a free domain a free ssl and access to 24 7 tech support so you really can't beat it once you pay for a plan with bluehost you'll get your login credentials you want to save this information and then deliver it to the web designer in the next step fiverr also sells affordable web development services that get done really really quick what you'll need to do is type in what you want in the search bar it'll show you tons of people who are willing to help you get a website set up in less than three days once you choose the person you want to work with give them the bluehost details and communicate your vision and your plans for the website so while they're working on your new website you'll need to activate what we call a merchant account for your customers to actually pay you through many businesses use paypal square or stripe i personally like square because they make it super easy for me to accept payments online via a payment link through email or even over the phone an account with square is free so when you sign up give these details to the web designer to complete the integration process okay so now that you're all set up how will you actually make money here's what you'll need to know in order to take a check to the bank whether you're launching this business solo or you've hired remote staff to get you going your first initiative will be to partner with an industry leader in rpa technology those are blue prism uipath and automation anywhere you can do this by going directly to their website and filling out the partner application form once your application is accepted you'll now become what we call a certified reseller once you become a partner for these companies they'll give you access to a dashboard where you can now download software demos their brochures their case studies and even their marketing materials all of this is to help you generate sales and close more deals most rpa implementations are not cheap so when you're targeting potential customers to do your demo of this software choose companies who are likely to have a budget to buy from you a good place to start would be to choose a company which has an annual revenue of at least 50 to 100 million dollars or has at least 5 000 or more employees after you've demoed the software discuss the client's needs and make sure that you're approved to go ahead and move forward with a proposal you'll still need to be able to deliver expert skills and experience in order to ensure a successful rpa implementation if you don't personally have these skills you can always contract independent rpa consultants to help you complete the work on a project to project basis or if you do have some money you can hire full-time employees that specialize in rpa and consulting development and implementation ninety-five percent of the business activities associated with starting an rpa business can be completed remotely or easily resolved over the phone every now and then there may be a client that requests to see you on site or meet with a member of your staff remember take every opportunity that you can that allows you to sell more most companies that choose to adopt rpa technology will also need applications management advisory services training services all of this just for this new software so make sure you continue to make sure things are going smooth as possible now i know what you're probably wondering what's the price tag on this baby if you're launching online startup cost for this kind of business is usually anywhere from a thousand dollars to three thousand dollars on average but if you're planning on leasing office space or hiring multiple employees please be prepared to drop the big bucks have a look at the bottom of this video and if you can use any of these products or services please feel free to make a purchase every sale helps support this channel and for me to keep bringing you the money making tips i'm also giving away my new marketing strategy book series for free if you want it just go to my website enter in your email address and i'll send it to you right away if you like this video or you know someone who needs to see it today make sure you drop me a comment tag a friend hit like and give it a share and until next time guys take care you