Thinking about earning some extra cash? Cleaning service businesses are in high demand!
Every home and office requires regular cleaning. That’s why cleaning service businesses are in high demand. Read our blog for more reasons to enter the industry. Research indicates that global contract cleaning services are currently valued at over USD$300 billion. It’s also expected to grow at a compound annual growth rate of about 6.1% in the next seven years––an average of USD$468.2 billion in 2027. These numbers provide considerable evidence to the growing demand for cleaning services worldwide. (1)
Every office or home requires regular cleaning. Occupiers of these premises are not always able to carry out the cleaning themselves and where this is the case, they hire cleaning service companies or individuals to do the job. If you are interested in starting a cleaning service business, but you’re still unsure, read on for a number of compelling reasons why starting such a venture is a good idea:
1. Little Startup Costs
One of the most compelling reasons to start a cleaning business is the minimal capital outlay. According to Inc., one prominent challenge entrepreneurs face, especially the young ones, is the lack or inadequacy of startup capital. Every new entrepreneurial idea requires money. And when you don’t have any or enough of it, or the means to generate it, your business idea may dwindle over time as you fail to mobilize enough funds.
Fortunately, starting a cleaning business doesn’t usually require heavy capital investment. All you are likely to need is the essential cleaning equipment and products to get going which can often be purchased in bulk at discounted prices.
2. Easy to manage
Cleaning isn’t an overly complicated service. However, mastering the art of business management can be, and it is important as for any business to be able to attract and win new customers in order to achieve sustainable growth.
One way in which you can do this is to adopt software designed for this very purpose. Cleaning business software like Jobber has a number of features that enables you to run a better cleaning business such as:
- It allows you to schedule and dispatch your team efficiently
- It enables you to send critical notifications to your team while at the job site
- It helps you track the time worked by your staff to make payroll processing easy
- It can send professional quotes and invoices to clients
3. More manageable growth
A typical business passes through the following primary growth phases:
A cleaning business can go through these stages without significant setbacks because of the minimal requirements for expansion. In essence, you may only need to hire one additional employee at a time. You typically do not need to invest in office space or much personal equipment other than a vehicle and supplies.
4. No experience required
Unlike other businesses requiring advanced academic qualifications and industry-specific certifications, a cleaning business doesn’t need any. If you can perform a high quality and thorough cleaning service to a home that customers come to trust, you will be able to build up a loyal customer base, essential for any business.
5. Flexible working schedule
Many people today want a flexible working schedule. Recent studies indicate that more than 20 million U.S. citizens actively choose part-time work. And this isn’t because they can’t find full-time positions. It’s because they desire a work-life balance.
Fortunately, this is exactly what a cleaning business offers you. You can set your working times to when suits you.
6. High earning potential
Some bigger cleaning companies take home more than USD$1 million every year. This means you, too, can scale your business if this is what you are interested in doing given time.
As an idea on scale, if your average price per cleaning job is USD$125, you’ll need to get 31 cleaning contracts every day or thereabouts to hit the USD$1 million annual target.
Starting a cleaning business is advantageous in several ways. It requires little startup capital, it’s easy to run, it offers easy scalability, requires no academic or professional experience on your part, has a high earning potential, and allows you to set your preferred working hours. Could now be the time for you to consider this venture for yourself?