Archive for the ‘Home Products & Services’ Category

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Starting Your Own Lampshade Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting Your Own Lampshade Business Business Overview:

Starting your own lampshade business is a great way to use your creativity to make beautiful home accessories that will sell for major profits. You can easily run this part-time business from the comfort of your own home, working as much or as little as you wish. All you need is some fabric, decorative trim and either a sewing machine or fabric glue. If you don’t know how to make a lampshade, it’s quite simple, and plenty of instruction abounds on the internet. It can be as complex as taking the time to create a template to as simple as purchasing inexpensive lampshades and covering them with unique fabric and adding more lavish decoration. This may be a good way to start out with this business idea, at least until you get more comfortable with making shades from scratch. If you plan to sell your lampshades online, you’ll need to have a robust website that shows your designs and lets customers order and pay online. If this piece of the business is not in your comfort zone, you can always hire a professional to design and develop your website for you. This will be a good investment that will allow you to make sales 24 hours a day, even when you’re not working. You could also sell on websites like Etsy. You’ll need to have a good stock of lampshades to ensure timely delivery to your customers. You could also offer custom lampshades to customers who wanted to use a special photo for their personalized lampshade. In this case you would need a method of transferring a photo to fabric. Another way to personalize your products is to allow customers to send you a piece of fabric (that matches other items in their house, for example) that you would make into a custom shade. Your website would explain all these options and give a pricelist that reflects different sizes and styles of shades. Be sure to check with local shipping companies to get the best prices on shipping your shades and don’t forget to include shipping costs into your price structure. Finally, you can advertise your business on home décor websites and put ads in your local phone book if you plan to sell locally. As business picks up, you will need to decide whether to take your business full-time and add more items to your inventory.

A Day in the Life of a Lampshade Business Owner:

Since this is a part-time business, you will work as much or as little as you wish. When you are working, you will spend some time working on lampshades, building up your inventory. You will take photos of your new designs and post them on your website. You will check your orders and prepare items to ship out in a timely manner. If you offer custom orders, you will want to contact your customers to discuss those projects.

About Your Customers:

Your customers will be individuals looking for unique, handmade lampshades.

What You Need to Start:

  • Some knowledge of how to make lampshades
  • Fabric
  • Decorative trim
  • Fabric glue
  • Sewing supplies
  • Website (if selling online)
  • Computer with finance software

The Good:

  • People are always looking for unique decorative items for their homes and offices.
  • Materials are inexpensive.
  • Your return on investment will be high.
  • You can easily run this business part-time and from home.
  • The start-up costs are low.

The Bad:

  • It can take some time to hone your skills at making lampshades.
  • You need to be patient while you build up your inventory and build your website.

Resources:

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How to Start a Vacuum Cleaner Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Vacuum Cleaner Business Business Overview:

If you’re looking to start a business selling products that will always be in high demand, you should learn how to start a vacuum cleaner business. Anyone with carpeting must have a vacuum cleaner so starting a business that sells and services vacuums is one of the best business ideas available, especially if you’re able to purchase a franchise. A franchise will come with name recognition, marketing assistance and most importantly, an inventory of vacuum cleaners to sell or a deep discount so you can resell the vacuums at a high profit margin. There are a couple different options for selling vacuums, however, so you’ll need to closely examine your situation and determine what will work best with your business model. You can choose to open a storefront business and stock multiple models of vacuums as well as accessories. Offer extended warranties and repairs and you’ll add value to your business. Another option for your vacuum business is to sell door-to-door. In this case, you’d only need one vacuum (per salesperson) and you would order additional vacuums once they’ve been ordered by your customers. This is a more labor-intensive option but you can easily operate this type of business part-time. You can also hire salespersons to do the footwork for you so you can concentrate on marketing your business. Make your vacuums available through advertising as well. Create a website so potential customers can see all the models you carry as well as other important information such as pricing and warranty information. Contact professional cleaning and organizing businesses to see if you can supply their future vacuum needs. You’ll find that supplying high quality vacuum cleaners to satisfied customers is an extremely rewarding business.

A Day in the Life of a Vacuum Cleaner Business Owner:

If you operate a storefront, your day will begin by arriving at your store early and making sure your inventory is properly displayed. You will spend your day helping customers find a vacuum to meet their needs. You will also handle repairs (you could outsource repairs or send the items back to the manufacturer for repair). If you operate a door-to-door business, you or your staff of salespersons will canvas a particular area, showing homeowners the value and benefits your products offer. You will also spend some time marketing your business locally and online.

About Your Customers:

Your customers will be individuals or businesses who need high quality vacuum cleaners.

What You Need to Start:

  • Business plan
  • Marketing plan
  • Franchise (optional)
  • Inventory of vacuums or relationship with distributor
  • Knowledge of vacuum products
  • Website (optional)
  • Staff (optional)
  • Computer with finance software

The Good:

  • The demand for vacuum cleaners will always be high.
  • You can operate this business from a storefront or door-to-door.
  • This business can be part-time (if you don’t have a storefront).
  • Franchises are available to help you get started.
  • You can charge top dollar for excellent vacuum cleaners.

The Bad:

  • The start-up investment can be high.
  • It might take some time to make your first few sales.

Resources:

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How to Start an Upholstery Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start an Upholstery Business Business Overview:

Learning how to start an upholstery business is the perfect part-time job for an entrepreneur who enjoys working with fabric to beautify a piece of furniture. The term upholstery applies to any fabric used to cover chairs and couches as well as seating and other surfaces on boats, cars and airplanes. While boats and cars typically are upholstered with leather or vinyl, home and office furniture is upholstered with softer fabric and uses foam for cushion. If you do not have any experience, an internet search for "start upholstery business" will turn up plenty of results that can help you get started. You do not need a storefront for your business but you will need a workshop area large enough to work on several pieces of furniture simultaneously. You will also need some special tools and equipment as well as a stock of commonly used supplies. Look online for upholstering kits that will come with all the tools you’ll need to get started and add items like screwdrivers, drills and pliers to make sure you’re able to make most repairs. Customers will typically supply the fabric but you should have a relationship with an upholstery fabric supplier so customers can purchase fabric through you if they choose. Business ideas like this one are great part-time ventures as you can take on as much or as little work as you feel comfortable with. If you will only work on items on the weekends, be sure to give your customers an accurate turnaround time. However, if your full-time business is furniture repair, adding upholstery repair to your list of services will greatly increase the value of your business and will build your client list.

A Day in the Life of an Upholstery Business Owner:

Your day will begin by checking on your current projects. You will work on items and either deliver them yourself or notify your customers that their items are ready to be picked up. You will spend some time marketing your business by distributing flyers around town.

About Your Customers:

Your customers will be individuals or office managers who need furniture items reupholstered or need upholstery repair.

What You Need to Start:

  • Upholstery skills
  • Upholstery tools and supplies
  • Work space
  • Marketing materials
  • Computer with finance software

The Good:

  • Upholstery services will always be in demand.
  • Start-up investment is relatively low.
  • You can easily run this business part-time and from home.
  • You can charge top dollar for excellent work.
  • You are likely to see repeat and referral business.

The Bad:

  • There is plenty of competition in this industry; you will need to position yourself correctly to gain some of the market share.
  • You need to have some training with upholstery before working on other people’s furniture.

Resources:

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How to Start a Furniture Cleaning Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Furniture Cleaning Business Business Overview:

If you’re looking for a great part-time business that you can start with very little start-up capital, consider learning how to start a furniture cleaning business. If you don’t have any experience with upholstery cleaning, it’s simple to learn by reading how-to websites and books. Start out by cleaning your own furniture and that of family and friends to get some practice. You’ll need materials like brushes, sponges, upholstery shampoo, buckets, vacuums, etc. If you already run a furniture business such as a retail store or a restoration business, adding upholstery cleaning to your list of services will add value to your business and attract a wider range of clientele. Be sure to market your new business by distributing flyers around town in places like grocery stores, dry cleaners and community centers. Everyone has furniture and from time to time it needs to be cleaned. Homeowners will gladly pay a professional to handle this task for them. Furniture cleaning is one of the best part-time business ideas available because it doesn’t require very much start-up capital. You only need to invest in some equipment, supplies and marketing materials. Once the word spreads of your quality services, you’ll get plenty of referral business. You may find demand grows to the point of expanding your business to full-time and hiring additional staff to help you with the cleaning.

A Day in the Life of a Furniture Cleaning Business Owner:

Your day will begin by checking your appointments. You (or your staff) will travel to your customers’ homes and perform upholstery cleaning services. You will spend some time marketing your business by placing flyers around town.

About Your Customers:

Your customers will typically be homeowners needing furniture cleaned, although you may also serve second-hand stores, apartment managers and business managers.

What You Need to Start:

  • Business plan
  • Marketing materials
  • Insurance
  • Cleaning crew (optional)
  • Vehicle
  • Cleaning supplies and equipment
  • Computer with finance software

The Good:

  • Furniture cleaning services will always be in high demand.
  • The start-up investment is low.
  • You can easily run this business part-time.
  • You can hire a crew to handle the cleaning for you.
  • As demand grows, you can transition to a full-time business and add personnel.

The Bad:

  • The work can be labor intensive.
  • It can take some time to build your client base.

Resources:

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How to Run a Storage Shed Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Run a Storage Shed Business Business Overview:

Consider learning how to run a storage shed business if you have an eye for design, love the outdoors and are looking to start a smart part-time business. Storage sheds, also called garden sheds, are typically single-level one-room structures used to store lawn and garden equipment. A back yard shed can also be used as a workshop or a place to work on a hobby like sewing or scrapbooking. There are so many options for storage sheds today that there is simply no excuse for any homeowner to have an unsightly shed in his or her backyard. Sheds can be custom-built or sold in kit form to be assembled and installed by the homeowner. However, assembly and installation is not always a simple task; many homeowners will gladly pay a professional to handle these tasks. Since you will be purchasing your sheds and shed kits directly from wholesalers and manufacturers, you will receive a large discount. You will then sell your sheds to your customers at a marked-up rate and also offer assembly and installation services for an additional charge. Business ideas like this one work best with a website showing all the models you sell so the customers have a good idea of what the finished product will look like. You could also offer a display area if you have the property to showcase the sheds. Offer sheds in different styles, sizes and price points to fit the needs of a wider range of customers. Some people may just need a small shed to keep their lawn mower and gardening equipment dry; others may need a larger, air-conditioned/heated space to use as an art studio. The more flexible you are with your inventory, the more clients you will attract. Market your business by distributing flyers at local home improvement stores, lawn and garden centers and lawn mower repair shops. You may also hand out flyers door-to-door in your area targeting neighborhoods with large back yards. Once business picks up, you’ll need to hire a staff to help keep up with demand and consider taking your business full-time.

A Day in the Life of a Storage Shed Business Owner:

You will start your day by reviewing your appointments. You or your staff will meet your customers at their houses with the pre-made shed or a shed kit they ordered and assemble it. You will spend a portion of your day reviewing new models, talking with distributors and placing orders. You will also look for new ways to market your business. If you have a display set up, you’ll want to have you or a staff member on site to help show the sheds to your customers.

About Your Customers:

Your customers will typically be homeowners who need a storage shed to house various items in their backyards.

What You Need to Start:

  • Familiarity with storage shed kits, assembly and installation (or you can hire a staff to do all the work for you)
  • Website
  • Truck to transport sheds and equipment to job sites
  • Staff (optional)
  • Display area (optional)
  • Computer with finance software

The Good:

  • Sheds offer homeowners an inexpensive way to add storage space to their home so many people look to purchase them.
  • Sheds come in all shapes and sizes and can be marketed as storage for a variety of items which makes your target market fairly large.
  • You can charge top dollar for assembly and installation services.
  • You can easily run this business part-time.
  • You can start out running this business solo and add personnel as demand grows.

The Bad:

  • This is likely a seasonal business if you live in a Northern climate as most people won’t buy storage sheds in the cold weather months.
  • Storage shed assembly can be hard work.

Resources:

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Starting an Above Ground Pool Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting an Above Ground Pool Business Business Overview:

If you love working outside and are looking for a terrific seasonal business, consider starting an above ground pool business. An above ground pool sits in a backyard much the way an in-ground pool does except there is no hole to be dug into the ground. All you need is a patch of level ground and you can install an above ground pool. However, without the right skills and expertise, installation can be extremely difficult. Above ground pools can be just as large as in-ground pools and are made of steel, resin, aluminum, wood. In order to show customers a few of their options, you’ll need to have a showroom with some displays. Obviously these will not be full-sized displays but will give customers an idea of how each material looks and how it’s put together. You will also need to carry (or be able to order) accessories like steps, covers, liners, heaters and fencing. If you can also install beautiful decking around your pools, you will add major profits to your business. You can work with a third party to build decks for your pools if you don’t want to use your staff for that part of the business. In addition to pools and pool accessories, you’ll also need to stock pool chemicals and offer water testing services. Above ground pools are typically less expensive than in-ground pools but that does not mean they are cheap. A large steel pool can cost around $5,000 USD. Add to that installation costs and accessories and you can see this can be a great business idea worth exploring. In cooler climates, this will likely be a seasonal business but if you offer closing and opening services, you can boost your profits further.

A Day in the Life of an Above Ground Pool Business Owner:

Your day will begin by opening your store. You will help customers throughout the day decide on what type of above ground pool best meets their needs. You will coordinate installation with your installers.

About Your Customers:

Your customers will be individuals looking for high quality above ground pools and installation services.

What You Need to Start:

  • Business plan
  • Storefront
  • Display pools
  • Accessories
  • Pool chemicals
  • Staff
  • Computer with finance software

The Good:

  • Above ground pools offer a less expensive alternative to in-ground pools.
  • It’s rewarding to give a customer just what they’re looking for.
  • You can hire a staff to do most of the work for you.
  • You can start out small and build your business as demand increases.

The Bad:

  • The start-up costs are high.
  • It can take some time to turn a profit.

Resources:

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How to Start a Seamless Gutter Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Seamless Gutter Business Business Overview:

If you’re looking for a business that will add value to homes and make cleaning gutters a task of the past, learn how to start a seamless gutter business. As you know, rain gutters gather rainwater and let it drain down to the ground. However, rain isn’t the only thing that goes into gutters. Leaves fall into gutters making them clog and making them a real mess to clean. A seamless gutter essentially covers the gutter with a curved piece of metal that allows the rainwater to flow down into the gutter and down to the ground while leaves simply slide right off. There are some seamless gutter products available at home improvement stores but if you’re anxious to get your gutter business started quickly and with a near guarantee of success, you should look into purchasing a franchise. A franchise will be more expensive but it will supply your business with guttering materials, installation equipment, marketing assistance and much more. Installing seamless gutters is the perfect addition to the list of services a handyman might offer or a roofing business. Since this is not a one-person operation, you will need to hire a staff to help you or to do the work for you completely. Look for individuals with home improvement experience. Purchase insurance to cover injury to your workers and damage to roofs so you are not financially burdened in case of an accident. Market your business at local home and garden expos as well as by placing flyers in home improvement stores. Contact area roofing companies and try to contract your business services with theirs. No one likes cleaning gutters, which makes this one of the most attractive business ideas available. Not only does it protect gutters and increase property values, it takes one huge item off of homeowners’ to-do lists.

A Day in the Life of a Seamless Gutter Business Owner:

Your day will begin with a check of your appointments. You and/or your crew will install your product on your customers’ homes throughout the day. You will take calls during the day requesting more information about your product and you will set appointments.

About Your Customers:

Your customers will typically be homeowners looking for a solution to full, clogged and messy gutters.

What You Need to Start:

  • Franchise (optional)
  • Seamless gutter materials
  • Business license
  • Liability insurance
  • Marketing plan and materials
  • Truck or van
  • Crew (or at least one other person to assist you with installations)
  • Computer with finance software

The Good:

  • Seamless gutters are a much-needed product that homeowners will gladly pay for.
  • Adding seamless gutters adds value to a property.
  • You can hire a crew to do the work for you.
  • Franchises are available to help you get started.
  • You can contract with roofers and contractors who will help you sell your product and services.

The Bad:

  • The start-up costs are relatively high.
  • The work can be a little dangerous since ladders and heights are involved.

Resources:

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How to Start a Property Management Company

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Property Management Company Business Overview:

If you are interested in real estate but don’t want to invest large sums in purchasing properties, consider learning how to start a property management company. A property manager is the middleman between a property owner and a tenant. If you don’t know how to become a property manager, there are franchises available to help you get started. A franchise will typically give you access to a proven system and marketing assistance. You also don’t need any experience in the real estate field if you decide to purchase a franchise since it will come with all the training you need. If you are currently a real estate professional and you’re considering starting a property management company, you may have all the experience you need to go it alone. You should begin by obtaining the proper business license and place ads in the newspaper, in phone books and online. Your goal is to make contact with property owners looking to lease or rent out their properties. As the property manager, you will oversee all aspects of the rental agreement so the owner doesn’t have to involve himself in the paperwork, meetings and legalities. For your services you will receive financial compensation in the form of placement fees or for ongoing management of a property. If you manage an office building, for example, you will be paid for each tenant who signs a lease in your building. You will also be paid for overseeing the ongoing maintenance of the offices themselves as well as the outside grounds. When starting a property management business, you’ll need to decide what types of properties you will manage. Specializing in a niche will help you hone your skills and set your business apart from the competition. Generally speaking, you can choose to manage residential properties (homes, apartments, condos) or commercial properties (retail space and offices). You can also choose to hire a team of property managers to work for you, each of whom manages a separate property. As you can see, property management is one of the smartest business ideas available for an entrepreneur due to the low start-up costs and the variety of properties you can choose to manage.

A Day in the Life of a Property Management Business Owner:

As the owner of a property management business, your schedule will vary depending on your properties, tenants and other responsibilities. You may meet with prospective tenants to discuss a property you manage. You may spend time with prospective clients looking for someone to manage their properties. You may also oversee staff to do repairs on the buildings you manage if you choose to not do that work yourself.

About Your Customers:

Your customers will be property owners looking for a business that can manage their properties by dealing with tenants and maintaining the properties and the grounds.

What You Need to Start:

  • Business plan
  • Marketing plan
  • Franchise (optional)
  • Staff (optional)
  • Computer with finance software

The Good:

  • Property managers will always be in demand.
  • Property owners will gladly pay for someone else to manage the day-to-day responsibilities of their properties.
  • Little to no experience is needed.
  • Franchises are available to help you get started.
  • The start-up investment needed is low.

The Bad:

  • It can take some time to get your first clients.
  • Dealing with tenants can be frustrating and difficult at times.

Resources:

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The Time is Right to Start an Energy Consulting Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Energy Consulting Business Business Overview:

Now is a great time to start an energy consulting business, and generate some fantastic profits while helping to protect the future of our planet. It is now widely recognized that we must develop more sustainable and renewable forms of energy and ways of living in order to protect the environment and our planet. As a result, energy consulting has become a multi-billion dollar industry and you can cash in on this booming green industry and contribute to the protection of our world by starting an energy consulting business. With an energy consulting business, you consult with homeowners on how to make their homes more energy efficient and environmentally friendly. By doing so you’ll not only be doing your bit for the environment, you’ll also be saving your clients money as a result of lowering their utility bills. To achieve this, you’ll visit and assess your clients’ homes in order to determine wasteful energy usage, and make suggestions on how they can improve the efficiency of their energy use either by making changes to the structure and materials of their home, or by taking such actions as installing solar energy panels. If you’re passionate about the environment, now is an excellent time to start this business as projections indicate that the market for green energy services is set to grow substantially in the years to come. For example, recent research suggests that the home energy industry will grow from $8.1 billion USD to $23.4 billion USD over the next five years. This is due in part to the growth in a global awareness and acceptance of the need for both conservation and for more environmentally friendly forms of energy usage. It is also due to the fact that homeowners are increasingly realizing that going green can save them money, both in the short term and the long term. In addition, governments around the world are increasingly encouraging efficient energy usage, with billions of dollars in tax incentives being offered to entice homeowners to make their homes more energy efficient. You can start to serve this ever-growing green market and generate very respectable profits at a low start-up cost. Business ideas like this one will be more successful if you have proper training. But you can usually complete the energy consulting training you need locally and in a reasonably short period of time. Therefore, if you’ve got the desire and hunger to contribute to the betterment of our world, and you want to build a profitable and successful green business doing it, learning how to become an energy consultant might be the best decision you could make.

A Day in the Life of an Energy Consulting Business Owner:

As an energy consulting business owner, you day will begin with a check of your calendar to see which clients you are booked to meet with. You will then travel to your client’s residence and carry out an audit of their house to assess the efficiency of their energy usage. Having done so, you will compile a report showing your findings and suggestions on how your clients can make improvements. Your report might suggest your clients make changes to the structure and materials of their home or it might suggest they take action such as installing solar energy panels on their roofs. Of course, with this business you could hire energy consultants to work and carry out your energy audits for you, in which case a typical day would be spent marketing your energy consulting business to win new clients and further increase your profits.

About Your Customers:

Your clients will be homeowners who want to lower their energy bills and become more environmentally friendly by improving the efficiency of their energy usage.

What You Need to Start:

  • Training in energy consulting
  • Marketing (website, flyers, ads, word of mouth, etc.)
  • Computer
  • Business license
  • Financial tracking software

The Good:

  • Your business will be contributing to the protection of the environment and the planet.
  • You’ll be making your clients happy by saving them money on their energy bills.
  • The green energy industry is booming—meaning you can expect both the demand for your services and your profits to continue to grow in the years to come.
  • You can start this business at a low cost.
  • You can start and run this business from the comfort of your own home (although you will need to travel to your clients’ homes).

The Bad:

  • Some of your clients may be resistant to long-term energy solutions such as installing solar energy panels as they can be expensive and clients won’t usually see a quick return on their investment.
  • You may find that many prospective clients are still resistant to the need to take environmentally friendly action in their homes.

Resources:

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How to Start a Home Inventory Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Home Inventory Business Business Overview:

If you’re looking for a high-demand business that has the potential to make great profits, consider learning how to start a home inventory business. A home inventory is an account of every asset in a person’s home that has positive value. With a home inventory business you create and maintain an account of homeowners’ assets in exchange for a fee by listing the value and specific details about each item they own. Maintaining a home inventory is an important practice, as it allows homeowners to pinpoint every item they own in the case of loss due to theft or disaster. This helps to streamline the process of claiming insurance for destroyed, damaged or stolen items. Therefore, you’ll be providing a valuable service that will give your clients increased peace of mind and an added sense of reassurance that they’ll be able to recoup the true value of any losses incurred in the case of an accident or disaster in their home. Home inventory is a service that is always in high demand, and as such this is a business idea that can really lead to great profits. The reason for such high demand is that while the value of maintaining a home inventory is widely recognized, many people find that they do not have the time to continually maintain and update their records. Therefore, if you can provide a quality service and market your home inventory business effectively, you will be likely to attract many clients and generate great profits. While this business offers a high profit making potential it’s not an especially difficult business to get started. You can open a home inventory business relatively quickly and at a fairly low cost. The ability to appraise items and determine their true value is a skill that you will certainly need as it is essential when producing home inventories, but if you aren’t currently trained you can easily take local or online courses. Alternatively, if you have more start-up funds available, you could hire experienced staff to produce your inventories for you, freeing your time up to focus exclusively on the marketing of your business. Another attractive advantage to this business is that you can easily start and run this business from the comfort of your own home. While technically it is not essential, you should get a license when starting up. Not every state or country requires licensing for home inventory businesses, but insurance companies only accept appraisals from home inventory firms that are licensed. Therefore, in order to provide an attractive, quality service to your clients it is definitely recommended that you obtain licensing when setting up your home inventory company.

A Day in the Life of a Home Inventory Business Owner:

The bulk of a typical day as a home inventory business owner will be spent visiting clients’ homes and doing appraisals for them. Having reviewed your diary to check which clients you are booked in to see for the day, you will travel to your clients’ homes and create inventories. A standard home inventory form is separated by room categories, and you will follow this system for each client you see and note and appraise each specific item of positive value in each room in your client’s house—and put them into the appropriate categories on your form. Household items like couches, televisions and microwaves, as well as more unique and valuable items such as antiques and jewelry, will all be recorded as part of your full inventory. On completion of your work, you will provide your client with a copy of their home inventory (in digital format as well as a hardcopy) and keep a backup record of your own which you will update periodically for your client as they purchase new assets. If you decide to hire staff to complete your clients’ inventories for you, then a typical day will instead be focused on marketing your business to attract new clients and further increase your profits.

About Your Customers:

Your customers will be homeowners who want an account of all the assets in their homes that have a positive value, for the purpose of ensuring that they are able to recoup the true value of any losses incurred in the case of an accident or disaster in their home.

What You Need to Start:

  • Training in appraising items and creating home inventories (alternatively, you could hire trained staff to do the appraisals for you)
  • Licensing for your home inventory businesses (though this is not always required in every state or country, it is highly recommended)
  • Marketing (website, paper ads, radio, etc.)
  • Financial tracking software
  • Inventory sheets or software

The Good:

  • Home inventory services will always be in high demand.
  • Due to high demand, you can potentially make great profits with this business.
  • You can start at a relatively low cost.
  • If you aren’t currently trained in appraising items and creating home inventories, you can quickly get qualified by taking local or online courses (or you could hire staff to do your home inventories for you).
  • You can start and run this business from the comfort of your own home office.

The Bad:

  • Due to the high demand for home inventory services, this business can be competitive.
  • It may be a while before you to start to see good profits, as establishing your home inventory business and building up a solid client base can take some time.

Resources:

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