Odd Jobs - Who Profits in the Funeral Industry?
Hi Oddies, Jen Glantz here. Somehow, a few decisions here and there, recently led me into an industry I never thought I’d be in: The funeral industry. My business partner and I decided to build on the technology we created for our AI wedding speeches and build a eulogy generator business. The goal was simple — help people organize their thoughts and words to write them a eulogy during an extremely emotional and tough time in their life. While we’ve received a lot of thank you notes from customers we’ve been able to help, I’ll admit this to you: it’s a super sad industry to work in. Yet, it’s an industry. So today, let’s dive into the business of funerals and other end-of-life services that are offered. 💻 But First: My Tech StackI’ve been eyeballing a lot of X threads of people’s tech stacks — the tools they swear by for their business and life. So I decided to keep a running list of my own right here. I’ll update this each week with the best tools I use as a solopreneur: Social Media & Marketing:
Website:
Content Creation:
Random but Good:
Make Money Stack:
Who Profits in the Funeral Industry?Death is an inevitable part of the human experience, yet it's also a significant industry. The funeral business, often operating behind closed doors, is a unique blend of emotional support, cultural traditions, and commerce. Let's take a closer look at this unconventional sector, exploring its various facets, costs, and even some of the more unusual jobs it creates. A Growing MarketThe global death care services market was valued at $102.3 billion in 2020 and is projected to reach $161.8 billion by 2027, growing at a CAGR (compound annual growth rate) of 6.7%. This growth is driven by several factors:
In the United States alone, there are approximately 19,000 funeral homes, making it a significant sector of the economy. The Main Players and Their Services1. Funeral HomesFuneral homes handle the bulk of death care services, from body preparation to organizing memorial services. The average cost of a funeral with viewing and burial in the U.S. is $7,848, according to the National Funeral Directors Association (2021 data). This typically includes:
Additional costs may include the casket (average $2,500), vault ($1,572), and cemetery plot (varies widely, from $1,000 to $4,000 or more). 2. CemeteriesCemeteries provide burial plots and maintenance services. Costs associated with cemeteries include:
Some cemeteries are running out of space, leading to innovative solutions like vertical cemeteries in urban areas. 3. CrematoriumsCremation is becoming increasingly popular, with over 50% of Americans now choosing this option. The average cost of a cremation with a viewing is $6,970, while a direct cremation (without viewing) can cost as little as $2,000. Costs typically include:
4. Casket and Urn ManufacturersThe casket industry in the U.S. is worth approximately $1.5 billion annually. Caskets can range from simple $500 models to elaborate $20,000+ versions. Materials include:
Urns typically cost between $50 and $1,000, with custom designs potentially costing much more. 5. Online Memorial ServicesA growing sector in the digital age, online memorial services offer virtual spaces for remembrance. Costs can range from free basic memorials to premium services at $50-$100 per year. Some platforms offer permanent memorials for a one-time fee of $250-$350. Unusual Business PracticesThe funeral industry has some practices that might seem odd to outsiders:
Ethical Concerns and RegulationThe industry faces scrutiny due to potential exploitation of grieving families. The Federal Trade Commission's Funeral Rule aims to protect consumers by requiring:
Despite these regulations, concerns persist about high costs and potentially predatory practices in some parts of the industry. The Future of Death CareAs societal attitudes towards death evolve, so does the industry:
Odd Jobs in the Funeral/Death IndustryThe death care industry has created some unique career opportunities:
🙏 How to Support Odd Jobs Newsletter:Jen Glantz here! Your support of this newsletter means a lot to me. I write and run this on my own. To keep it an honest and spam-free place, I hardly ever run ads. So if you’d like to help keep this newsletter up and running, consider becoming a paid-subscriber. You’ll have access to workshops (on-demand and live) and my coaching services so I can help you brainstorm and execute your own odd job or side hustle. Thank you, endlessly! Odd Jobs is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. You're currently a free subscriber to Odd Jobs. For the full experience, upgrade your subscription. |
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