Yes, you can certainly make a lot of money running your own house cleaning business. However, this depends to a large extent on your ability to promote yourself and manage your company's finances. Many business owners earn decent incomes, but they can also let their expenses get ahead of them. Fifty percent of startups fail in the first five years, according to the Small Business Association (SBA).
However, the success rate of the cleaning business is very smooth and is based on work ethic and many other variables. The average cleaning company loses up to 55 percent of its customer base each year due to a lack of quality of service. You are the determining factor when it comes to the success of your cleaning business. The EPA provides guidance on handling household hazardous waste (HHW), and the Organic Consumer Association provides a list of safest cleaning products.
This number will increase if you charge hourly at a higher pay rate, offer special services or add-ons, include more jobs in a day, or add more cleaners to your equipment. The goal is for your cleaning company to be around for years, so the name and logo should be something you really like. Your rate should be competitive, but if you want to be priced higher than other cleaners, consider the value-added extras you can include in your service to make it worth the extra cost. If you plan to perform a commercial cleaning, make a list of companies that could benefit from your services.
Make sure you have opened your own business checking account so that your cleaning income doesn't interfere with your own personal checking account. Many people will always be willing to pay someone else to clean them, even when the economy collapses and the homeowner or business owner has to reduce costs in other areas. For example, a household cleaning business will inevitably need a greater variety of cleaning products to effectively clean the different surfaces presented in the home. Emphasizes the importance of translating all facets of your business on paper to create repeatable processes.
Most cleaners make employees work as a team because it increases the number of jobs each vehicle can perform per day. We can say with certainty that the success rate in the cleaning industry is directly proportional to effort and skills. It's critical for cleaning companies to balance their customers' rates so they can maximize their potential for earnings per job while being able to compete effectively in their local niche. For this reason, it is recommended that single-person cleaning companies refrain from expanding until they set aside 40 hours of work a week on a regular basis.
Now, with the statistics highlighted above, the market is there if you want to make a profit on your cleaning business. You may be able to transfer some of those costs, but don't rely on a thriving economy to keep your business profitable.