Essay & Writing Services for Students
- Domain name Project Hemingway
- Business Model Service
- Founded 2012
- Revenues (TTM) $451,223
- Cash Flow (TTM) $198,416
- Multiple 2.65
- Time Commitment 1 h / week
Project Hemingway is a digital services business dedicated to providing high-quality essay writing and course work services. 60% of revenue is driven by essay writing while course work generates 35%. The remaining 5% of revenue comes from rewriting, editing, and PowerPoint services.
Sales are primarily driven through repeat customers and customer referrals. 51% of sales come from repeat customers and the average lifetime value of a customer is approx. $2,000. Additionally, the business receives orders through its strong organic traffic, which generates 77% of website traffic.
The business has been in operations since 2012. The owner has continuously automated and improved processes and procedures. As such, it only requires 1-2 hours per week for the owner to operate. Owner responsibilities consist of payroll, adding writers to the roster (once every few months), and accounting.
Three virtual assistants in the Philippines handle all e-mail, call, text, and chat communications. Upon receipt of an order, the 50+ vetted writers are automatically e-mailed. One of the writers then accepts the assignment or course work for completion. At this point, the writer works directly with the customer up until completion of the order.