Best Business To Start NOW | Make $10K This Month

Summary

This video offers a beginner-friendly guide to starting a remote house cleaning business, a scalable and profitable model that doesn't require personal cleaning. It explains the benefits of hiring contractors over employees, the low startup costs, and the potential for high earnings. The presenter shares tips on setting up the business, including software, insurance, and marketing strategies, and assures that with effort, making $10K a month in profit is achievable within 90 days.

Takeaways

• 🚀 The best business model recommended for beginners is a remote house cleaning business, which allows the owner to operate without doing the cleaning themselves.
• 🛠 Contractors are preferred over employees because they bring their own equipment and experience, reducing the business owner's overhead and training costs.
• 💸 Startup costs are relatively low, with an LLC filing being the most significant expense, which varies by state.
• 📈 The business model scales easily without significant reinvestment into the business, as contractors handle their own equipment and training.
• 💼 Contractors enjoy higher pay rates, typically earning $30-$40 per hour, which is significantly more than traditional house cleaning jobs.
• 🏆 This business model creates a win-win situation for customers, contractors, and business owners, with everyone benefiting from the arrangement.
• 🌐 The business can be run remotely from anywhere, as the contractors handle the on-site work, and the owner manages marketing and scheduling.
• 💼 The business model is simple and does not require the owner to perform any cleaning tasks, making it accessible to a wide range of individuals.
• 📊 Net profit margins are typically between 30-40%, with the potential to earn a significant income with a well-managed operation.
• 📈 With the right systems in place, it's possible to reach $6-7K per month in cash flow within the first 90 days of starting the business.

Q & A

What is the main topic of the video?

The main topic of the video is how to start a remote house cleaning business, which the speaker believes is the best business model to start in 2022 and beyond.

Why is a remote house cleaning business considered a good business model?

A remote house cleaning business is considered a good business model because it allows the owner to operate without having to do any cleaning themselves, using contractors instead of employees, which reduces overhead costs and allows for easier scaling.

What are the advantages of using contractors over employees in a house cleaning business?

Using contractors over employees means the business owner doesn't have to provide training, equipment, uniforms, or vehicles. Contractors are responsible for their own equipment and any losses or damages come out of their pocket, not the business owner's.

How much can a contractor expect to earn in a remote house cleaning business?

Contractors in a remote house cleaning business can make between $30 to $40 an hour, which is significantly more than traditional house cleaning jobs.

What are the startup costs involved in starting a remote house cleaning business?

Startup costs include filing an LLC, booking software, insurance, a phone system, and marketing. The costs can vary but can be as low as $300 to start.

How long does it typically take to start making money with a remote house cleaning business?

It can take up to three weeks to set up the business, including getting the software, advertising, and hiring contractors. After that, the business should be ready to start making money.

What is the potential monthly profit for a remote house cleaning business?

The potential monthly profit can range from $6,000 to $20,000 within the first 90 days of operation, depending on the effectiveness of the business operations.

What is the role of Google Local Service Ads in the business model?

Google Local Service Ads are used for marketing the business. They are considered a sustainable acquisition channel because they bring in customers who are already looking for house cleaning services.

Why is house cleaning considered a reliable business?

House cleaning is considered reliable because there is always a demand for cleaning services due to the constant need for clean spaces, whether it's residential, commercial, or after moving.

What are the three main components needed to make the business work?

The three main components needed are a high closing rate for booking jobs, a reliable hiring funnel for finding quality cleaners, and a sustainable acquisition channel for getting customers.

How much time does it take to operate this business if you have a nine-to-five job?

The business can be operated remotely and takes about five to fifteen hours a week, making it feasible to run alongside a full-time job.