Best 5 Figure Weekend Business To Start as a Beginner

Summary

This video script reveals lucrative cleaning business opportunities with low risk and high potential returns. It details the booming window cleaning industry, projected to hit $3.5 billion by 2028, and outlines the startup costs, strategies for market research, and scaling tips. The transcript also explores other cleaning niches like pressure washing, carpet cleaning, pool cleaning, and even crime scene cleanup, emphasizing the recurring revenue potential and the importance of hard work and smart business practices for success in these industries.

Takeaways

• 🪟 The window cleaning industry is expected to grow to $3.5 billion by 2028, with significant opportunities due to the relatively low number of current service providers.
• 💦 Window cleaning startup costs can be as low as $500 for basic equipment or up to $3,000 to $5,000 for more professional setups.
• 🏡 Window cleaning services offer recurring revenue as windows need regular cleaning and there is high demand in both residential and commercial sectors.
• 💼 Starting with a local neighborhood strategy can help new window cleaning businesses quickly gauge market demand and set competitive pricing.
• 🌐 Establishing an online presence with good reviews is crucial for expanding a window cleaning business beyond initial door-to-door marketing.
• 💦 Pressure washing is another lucrative cleaning service, with startup costs ranging from $880 to $1,000, and potential earnings of $800 to $1,000 per job.
• 🧽 Carpet cleaning is a $5 billion industry with high demand, especially in homes and offices, and requires an initial investment of $2,000 to $5,000 for equipment.
• 🏊 Pool cleaning is a profitable service with a relatively low startup cost of $5,000 to $12,000 and offers recurring revenue from regular maintenance contracts.
• 🔪 Crime scene and trauma cleaning can yield high earnings, with potential hourly rates of $600, but involves dealing with hazardous and emotionally challenging situations.
• 💼 Expanding and scaling cleaning businesses by hiring and training employees allows for greater revenue and less direct involvement in daily operations for the business owner.

Q & A

What is the potential monthly revenue from starting a cleaning business according to the script?

The script suggests that it is possible to generate $10K per month with very little risk in the cleaning industry.

How much is the cleaning industry estimated to make in revenue each year?

The cleaning industry is estimated to make nearly $90 billion in revenue each year.

What are some of the initial costs for starting a window cleaning business?

The initial costs for starting a window cleaning business include waterfed poles, extension poles with T-bar handles, towels, ladders, cleaning solution, buckets, squeegees, scrapers, and a water purification system, with total costs ranging from $500 to $5,000.

What is the estimated growth of the window cleaning industry by 2028?

The window cleaning industry is expected to grow to $3.5 billion by 2028.

What is the average cost homeowners spend per residential window cleaning?

Homeowners spend about $10 to $15 per residential window cleaning.

What is the strategy suggested for starting a cleaning business without having a business yet?

The suggested strategy is to 'knock and talk' to potential customers in your neighborhood to gauge interest and potentially secure future work.

What are some of the advantages of recurring revenue in a cleaning business?

Recurring revenue in a cleaning business is advantageous because windows and other areas will get dirty again, ensuring a continuous demand for cleaning services.

What is the importance of establishing a business plan when starting a cleaning business?

A business plan is important as it outlines who you will serve, what you expect to make, startup costs, and ongoing expenses, providing a roadmap for your business.

Why is it recommended to start with a per-window cost and then move to flat fees in the cleaning business?

Starting with a per-window cost allows for a clearer understanding of the time and effort required for each job, and moving to flat fees in the future can help protect your time investment and ensure profitability.

What is the significance of online presence and reviews for a cleaning business?

An online presence with positive reviews is crucial as it helps build trust with potential customers, boosts business, and can lead to more referrals and closed deals.

What are some additional services that can be paired with a cleaning business to increase revenue?

Additional services that can be paired with a cleaning business include pressure washing, carpet cleaning, and seasonal services like hanging Christmas lights or gutter cleaning.