Business Overview

A psychic business offers personal advice and prediction services for its customers at an hourly or flat rate. These services can include palm reading, tarot card readings, trance-channeling sessions, seances, and other metaphysical services. Readings may be done in person or over the telephone. Business owners charge either a rate per minute or a flat rate for each call.

Who is this business right for?

To be a psychic you should really have a genuine interest in and understanding of the supernatural. Many people in the business put on a show for their clients, but true psychics have a powerful intuition that allows them to serve others in a variety of situations. A person who is able to empathize with others, listen to them describe their problems, and then offer advice that is relevant to the circumstances and the situation will succeed in this business. As the nature of the services is very personal, customers need to trust the psychic who is offering these services. And, likewise, a professional psychic should also be trustworthy, always careful not to exaggerate their abilities.

What happens during a typical day at a psychic business?

If you work out of your home, you simply wait for people to come to you. If you have a public store or office, you need to make sure it is clean and comfortable for your clients. You may spend some time organizing marketing efforts.

If you work on the telephone you need to log on to the system, when you are ready to take calls.

Once you’re sitting across from clients (or on the other end of the telephone line), you will need to demonstrate excellent listening skills and make predictions/give advice relevant to the client’s situation.

What is the target market?

The best customers are the ones who have a belief that psychic services help them and they come back again and again. They also tell their friends about the successful predictions made by a psychic they work with, who gives them accurate help and is able to predict future events.

How does a psychic business make money?

There are several methods use to generate revenues, which include asking for donations, charging per minute, charging per session, and the sale of items.

Some psychics have even found such success that they are able to get customers to subscribe to their services.

What is the growth potential for a psychic business?

This business starts out small and has a limit on the earning potential based on the number of hours available for doing the psychic work. As the reputation of a psychic increases it is possible to create television programs and websites that promote the materials offered by the psychic and book private “readings” for extraordinary prices.

The most famous psychics charge $250 up to $2,000 per hour for private readings and have wait-lists that have clients lined up for many years. These clients are willing to pay exorbitant fees for psychics that are publicly perceived as being the “real deal.” However, not all professed psychics are actually gifted mystics. Some of the greatest psychics alive right now shun public admiration and attention. The people that find them have to actively hunt for them.