Start a business - Adoption Agency

Start a business – Adoption Agency

This small business ideas you can start from home and makes profitable business. This article gives you idea about how to do this business? What is the requirement for the business? Who is your customer? How much capital is required to start a business? for business and other business aspects.

Adoption Agency

Start-up cost: $5,000–$125,000
Potential earnings: $200,000–$600,000+
Typical fees: $12,000–$30,000 for each local and international adoption

Advertising: Local family publications, adoption magazines, Web site with photo-listing of Waiting Children and plenty of adoption resources, banner ads on related Web sites of interest, registration with search engines, referrals
Qualifications: Must be licensed by state and/or county Equipment needed: Offi ce furniture, phone, computers with Internet access, letterhead
Staff required: Yes—will need at least one licensed social worker to do home studies and possibly a team of folks to handle and review adoption paperwork
Hidden costs: Notary services; postage; long-distance phone calls, particularly to foreign countries

What You Do

For some, the dream of having a child in their family would never be realized without the services of a qualified adoption agency. You can specialize in private, local adoptions or include international adoptions from a list of specific countries from which you’ve received permission to help place children in need of homes.
Whether the child is from China, Korea, India, Russia, or your home state here in the United States, you will have to scrutinize potential parents through the required home study process, match them with children who are the best fit, then off er counseling and support as the parents and child are united. You can also help children born with special needs find the good homes they so deserve. This is a  business in which the blessings far exceed any financial benefits. Many adoption agencies carry high overhead, so what seems like a fortune in potential earnings can actually be off set a bit by the costs of staffi ng and running a busy agency. Still, there are plenty of good reasons to choose this line of work, such as the more than four million children currently residing in orphanages worldwide.

What You Need

You will need to staff an office with everything from people to computers, since few hopeful parents would be willing to pay huge fees to someone who’s a sole proprietor running an adoption agency out of his or her home. You need to instill confidence in your abilities and qualifications from the outset, and then work hard to keep your reputation intact in what can be a volatile business. It’s not unusual for a birth mother in the United States to decide to keep her baby at the last minute, leaving you and your client family back at square one.

Keys to Success

Reputation is everything in this business. You need to be honest and upfront with your clients about all costs so that they don’t feel you are taking advantage of their emotional distress over not having a child. Keep posting new testimonials on your Web site as you receive them—and don’t be afraid to ask for more. Better yet, create
a database of satisfied parents you’ve helped and who are willing to speak to your prospects about how wonderful you are. Such a list is worth its weight in gold!