How To Start A Third Party Verification Business

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Third-party verification companies offer an importantservice to employers. Verification companies complete extensive backgroundchecks on employment candidates to make sure that each candidate fits thecompanys requirements for the position. The more sensitive the jobexpectations, the more carefully the company needs to verify the potentialemployees background. Background checks typically include such elements asdriving history and a criminal background search, as well as credit and jobhistory and even fingerprinting.

Supplies Needed:

Business licenseComputerSecure internet access

Instructions:

Step 1: Familiarize yourself with your states regulationsfor third-party verification companies. Contact the state insurance regulationoffice for more information. All states must comply with the federal Fair Credit Reporting Actfor reviewing employee credit history. Individual states might also haveseparate rules regarding the types of verification that you can do for certainindustries. Overstepping these regulations can be a violation of individualprivacy and can result in a lawsuit against you and the employer.

Step 2: Purchase the verification software that you willneed to run your company. Verification software compiles data from a variety ofsources, including public records and credit history reports. Availableverification software includes Accio Dataand Personnel Automated ScreeningSoftware, or PASS. Expect to pay for the initial software around $1500 and then to pay for a monthly usage fee, anywhere from $200 to $500 or more.

Step 3: Focus your business on a specific area. In otherwords, advertise your services to certain types of employers: day careagencies, health care agencies, nursing homes, banks, and so forth. Byspecifying the industry, you can establish yourself as an expert inverification for these types of businesses and also narrow the searches thatyou have to do.

Step 4: Join a professional organization, such as the National Associationof Professional Background Screeners. Professional organizations can keepyou up to date with changes in software and legal requirements, and they canalso help you in creating a network of contacts for expanding your business.

Step 5: Advertise your business by marketing your serviceswithin your chosen industry. Offer to provide employers with a freedemonstration, or prepare a free seminar to show employers about the significanceof employee verification. Provide free workshops to employers as well as employeesto show them they type of information that verification companies can locateand the need for everyone to be familiar with what is in his or her records.

Tips and Warnings:

Be sure to have a secure internet line in order to completeyour research and verification. An insecure line can result in confidentialinformation being leaked a breach of individual privacy and a risk of alawsuit.

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Copywriter and marketing consultant, KristieLorette, is passionate about helping entrepreneurs and businesses create copyand marketing pieces that sizzle, motivate, and sell. She is also the author ofAction Marketing: A Step-by-step Guide toLaunch Your Business Marketing Plan. For more information, visit .