The trick to entrepreneurship isnt always how to start a business; its what business to start.
And its also not always about creating something new.
When Steve Jobs built Apple, computers had been around for decades.
Its easy to look back at Ford and Jobs and conclude there were more opportunities in their time.
However, opportunities still abound today, if you have an eye to spot them.
One entrepreneurial venture that is booming right now is cleaning out foreclosures.
What is the Foreclosure Cleaning Business?
The housing bust has created a glut of foreclosed properties.Nearly 4.4% of all mortgageshave received a foreclosure notice.
However, there is one major obstacle banks face in moving the houses to sell: cleaning.
Former mortgagees have no incentive to get properties in saleable condition when they leave their homes.
Foreclosed homes need a lot of TLC before they are ready for an open house.
With a large inventory of bank-owned properties, theres a need to hire cleaners.
How large of a need?
From 2007-2010, foreclosure home cleaning businessesexpanded 1,000%.
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Whats the Work Like and What Does it Pay?
Those looking to start a foreclosed home cleaning business need a flexible schedule.
Banks often need cleaners at a moments notice and work needs to be completed on a strict turn-around.
Often weekend work is involved and some properties require a lot of work before they are in selling condition.
However, the jobs pay well, often averaging between$500 to $2,500 per house.
Its your choice whether to dump the stuff, keep it, or sell it.
One time I was asked by a client to dump a left-behind treadmill and washing machine.
All you need is a telephone number where you’re free to be contacted and some cleaning supplies.
The crux of business success is getting jobs.
To accomplish this, youll need to do a bit of networking.
They arent too difficult to locate.
Simply call up local realtor offices and ask for the agents in charge of selling foreclosures.
While realtors are your best bet, you could also advertise on websites that have cleaning service directories.
Also, it can be useful to contact local banks directly and reach out to real estate law firms.
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