The cleaning services business is one of the business ideas you can actualize with low capital investment. Being an entrepreneur doesn’t involve always taking loans and asking for contributions from friends and families. The cleaning business has low overhead costs that will increase your profits. Many business ideas require low capital investment, such as starting a driving school. An example of a cleaning business is office cleaning services. Finding a niche in this type of business is not difficult. Some of the profitable ways of cleaning business services are:
Low expenses
The cleaning business requires no school or formal education. One can easily start a cleaning business either because of passion or profits. You can continuously train yourself through digital classes on how to clean different appliances and equipment. Additionally, the regulations of some states differ. You may be required to submit business insurance before obtaining a business license. Business insurance is important to protect you against liabilities that may occur during work. Moreover, you may be required to hire more staff after expansion.
Hiring professional cleaners when your calendar is booked will help you expand to other homes and offices. You may need to use your car to get to the designated job for the first few cleaning jobs. Also, you may count the miles used on the road while calculating a business tax. Another low expense associated with the cleaning business is that there is no need for a physical location. You may not be required to have a physical business office if you are working alone.
Different types of cleaning services
There is a wide range of cleaning services sought after by corporations, homeowners, construction companies, and real estate agents. You may decide to start with residential cleaning services as it is a one-person job. Afterward, you may expand to commercial cleaning services, which offer bigger opportunities. For example;
- Office buildings may require cleaning service once or twice a week, and you can get a contract if your cleaning team does an excellent job.
- Construction project managers may seek the services of a cleaning company after the construction is done.
- Real estate agents hire the services of a professional cleaning company during house shows.
There are lots of opportunities for people seeking to enter the cleaning business. You may decide to do both residential and commercial cleaning services. However, the rates may vary depending on the time spent working at different properties.
High demand
Unlike other business ideas, cleaning companies are in high demand in many towns. Before starting your cleaning business, you may want to ask about the rates from reputable cleaning services. If they are hesitant, you may ask for a quote in cleaning your home. Many companies and corporations prefer outsourcing professional cleaning companies to hiring them. Your area’s demand is a huge determinant of the pricing. Additionally, with high demand, there is an opportunity for growth. Referral programs are a great way to market your cleaning services without eating much into the profits.
Financial and business advisors advocate registering a cleaning business as a limited liability corporation. In layman’s terms, this means, the cleaning business is its entity both in its finances and taxes. Additionally, forming a cleaning business as an LLC protects you from liabilities between the business and personal property. If the competitive rates in your area are high, your business will be able to scale up in a few months. Reputation and professionalism are important in ensuring your cleaning contracts get renewed. The annual revenues collected are a billion dollars. The cleaning services business is very profitable. You need to find your niche and stick to it.
