As everyone knows by now, the economy is in the gutter and the high unemployment rate isn’t coming down. The housing market is still in tatters, and the number of foreclosures on the rise. With everything else so grim, how can one find steady work in times like these? Our suggestion would be to get into the foreclosure cleanup business. Take advantage of a dismal situation, and turn it around to work for you. The entire cleaning industry is seeing huge gains, as many vacant homes need cleaning and care.
Below we’ll answer the top three questions that we are commonly asked across the Internet by people who want to start their own business. Hopefully after reading what we have provided, you’ll find the strength and courage to get out their and make it happen.
Questions #1 – Where do I get started?
A very common question that everyone starts off asking. Instead of being so broad, you should try and narrow down exactly what you want to do. Since we’re talking about foreclosures, lets talk about starting your own foreclosure cleanup business.
You’re going to need to get your business set up first of all. Register your name with the city, and get all the proper paperwork out of the way. It’s not as hard as it sounds, and there are many resources out there for you to find more information about starting any new business. You’re also going to need a vehicle. We recommend a truck with a flat bed since you will likely be hauling, or towing things behind you. Many of these homes will be full of junk, and will need it to be removed. You have to keep this in mind when thinking about starting any cleaning business.
You’ll also need insurance, and some basic tools. Insurance is important in case anything goes wrong while you’re working on the house. You don’t want to become sued. It’s not a great experience to go through, and with some simple liability insurance you can prevent any of this from happening.
After you are set up, it’s time to create your plan of attack. Most people recommend writing a business plan. I recommend a brief write up, with the focus being on getting your name out there, and trying to get as much work as possible to start learning everything you can. Learning from experience is the best route in my mind.
Question #2 – What to charge?
The way you get jobs is by placing a bid on properties that need cleaning. While this is a benefit, it can also be a curse. You have to be very careful when charging for any job. If you bid too high, you won’t be considered. If you bid too low, you’ll be in over your head, and probably wind up losing money in the long run.
Always make sure you inspect a property before you give out a price. There are many different factors that should play into calculating an accurate quote. Take a look at the overall area, and how big it is. What needs to be done? Will you have to outsource any of the work to plumbers or electricians? What will cost of materials be to you? All of these questions and more must be answered before you give a quote. With a little bit of information, you can accurately provide a quote that will result in your business landing the job, and you making a profit.
Question #3 – Where do I find my first client?
One of the biggest mistakes any new business owners make are lack of advertising. You really have to get your name out there so that people can find you. Don’t ever expect people to come looking for you. Take initiative, and get out there. Many of your clients are going to be banks and real estate companies when you’re dealing with foreclosure cleanups. Keep this in mind when you start searching for work.
There are many websites that allow cleaning companies to advertise, and submit their information into a database that banks look at to contact businesses. Find these websites, and submit your business information. Be sure to advertise in local papers, and create a name for yourself. After you land your first job, you’ll find that all future ones will be a lot easier. You’ll also have some experience behind you, and know how to quickly accomplish anything that needs to be done.
In today's economic climate, people can’t rely on Corporate America anymore for their livelihoods. Many established companies have either went out of business or went through massive layoffs, and many people are in need of taking control of their financial future. Establishing a property preservation business is a great solution. If you'd like to learn more about this opportunity, we've developed a complimentary webinar to give you the tools you'll need to not only start a property preservation business, but to have it making you money, and not frustrated. Our model is simple and easy to implement and gives you an opportunity to make money on your own.
Click here to register
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