The financial crisis from several years back is still evident in the number of foreclosed properties that have ballooned significantly. Losing something as valuable as a house is difficult, but while you wouldn't wish it on someone, the foreclosures could actually spark a profitable business idea in you.
How so?
Well, you could set up a business that offers foreclosure cleaning services. With a foolproof business plan, you can take advantage of the surging demands and opportunities in this industry. These opportunities can be clearly translated into profits especially if you can find information on business loans that don't demand unrealistic repayment schemes. The only question is how to sustain the income from this business.
There's Cash in the Trash!
This is literally true in the case of those entrepreneurs who run foreclosure cleaning services. They literally clean up the trash and the mess to give the foreclosed properties a face lift to improve its seeming worth to prospective buyers. Appearances can be deceiving, but in the industry of selling foreclosed properties, enhancing the visual appeal of a property means so much.
If you are contemplating on joining the bandwagon, you must be wondering what's in it for you. You must be asking yourself how you can make money from foreclosure cleaning services. You make money by cleaning the trash and by doing odd jobs to make a foreclosed property look more appealing. It may just entail rendering simple janitorial jobs - sweeping the floor, polishing the surfaces, mopping, cleaning the windows and counter tops. It may also take some repairing and replacing some damaged structures that can range from simple jobs to complex ones. The truth is there is a plethora of jobs and it is never predictable. However, you need to invest on materials and equipment to make your business survive the cutthroat industry, which is why getting a small business loan is advisable.
Earning More and Steadily
Your foreclosure cleaning services business stand to earn more with a steady stream of jobs. Your goal is to keep your customer satisfied with the quality of your work and your price. Hence, if you need to understand how credit card works so you can encourage your customers to use theirs so as not to worry about paying you, then do so.
As far as the prices are concerned, it is hard to jack up the prices because there are standard rates. Your client who can be a large and seasoned HUD contractor or a real estate company must be using some services for quite a while now. The only reason that they may take you as a subcontractor is if you can offer lower prices so that they stand to earn more. If you can ensure quality control and the client is happy and satisfied each time, you may gain your clients' respect and keep you as a more or less permanent subcontractor.
If you have big names for clients, this is a good opportunity to build your credibility and reputation in the industry. Despite vicious competition, you will never run out of jobs to do if you have gained a position in the industry. In addition, this will put you in a better financial standing with banks. As your cleaning foreclosure services business becomes a word by mouth, increasing your prices a bit will not hurt because what you offer is a guaranteed job.