Monday, August 31, 2009

Resume Writers Recession Survey Results

Last month, I was invited by the Career Management Alliance and National Resume Writers' Association to participate in a joint effort to survey resume writers about how their businesses were faring in the current recession. (Thanks to Don Goodman, of About Jobs, for suggesting the survey idea and initial questions.)

We finalized the questions and put the survey out there. We received 191 responses between Aug. 3-16. Katharine Hansen, Ph.D., Research Master for the Career Management Alliance, compiled the results and prepared a report, which was released today. (If you have signed up for a free subscription to Resume Writers' Digest and confirmed your subscription to the double-opt-in list, you received an e-mail from me this morning with the 8-page report.)

Here are some highlights:
  • Compared to a year ago, more respondents (48.4 percent) are doing better now than are faring worse (39 percent).
  • Twelve percent of respondents say they are doing the same as last year.
  • Six percent of those surveyed said their revenues were up 61 percent or more over last year; 3.2 percent said their revenues were down 60 percent or more. Twenty-eight percent said their revenues were up 1-20%. Twenty percent said their revenues were down up to 20 percent.
  • The top source of business is referrals (47.5 percent), followed by their personal website (25.6 percent), Yellow Pages ads (14.9 percent), and subcontracting (14.4 percent).
Speaking of subcontracting, it can be an excellent source of business (especially during slow times). Resume Writers' Digest offers a special report for resume writers looking to affiliate with firms that hire subcontract writers.

If you would like to receive a copy of the results, sign up for your free subscription to Resume Writers' Digest and then e-mail me at editor(at)RWDigest.com with the subject line "Recession Survey Results" and I'll send it to you.

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