Business Overview

Private detectives help clients with a wide range of issues. These issues may be of a personal, financial, or legal nature. As such, good private detectives must have a working knowledge of these different fields in order to help their clients and avoid breaking the law.

Who is this business right for?

This business is ideal for highly adaptable self-starters. This is because the work will vary by location, hours, and type, and most of it will be conducted on your own.

What happens during a typical day at a private investigation firm?

Being a private detective is one of the jobs where your daily activities may be completely different from day-to-day. Some of the representative duties include going undercover at various businesses, writing case summaries and reports, reviewing security videos and transaction records, and searching various public and records and databases. You may be called upon to testify about some of your findings, especially in cases of fraud or other criminal activity.

What is the target market?

Generally, the best clients are those who want information on a spouse they think is cheating. These cases may be emotionally charged, but the blunt truth is that such cases are the bread-and-butter for many private detectives, with things like fraud investigations being more rare.

How does a private investigation firm make money?

Generally, a private detective makes money by charging clients an hourly fee for various services. How much you charge will vary based on the services.

What is the growth potential for a private investigation firm?

The growth potential of this business is slow but steady, with the Bureau of Labor and Statistics predicting a five percent growth in jobs in this field between 2014 and 2024. If you are knowledgeable about hacking and cybercrime, your business may flourish even more as this kind of crime becomes even more of a prime concern.