Home Inspection Business
A home inspection business is a way to cash in on the real estate market even when actual home sales are down. Home owners know that despite observing a house up close for a number of years, depreciation can occur behind the scenes and a thorough exam by a trained property inspector on a regular basis can help mitigate expensive repairs. Of course the most highly profiled job of a property inspector occurs before the sale of a house is finalized. Many unwise house purchases have been derailed by a thorough report offered by the agent of a home inspection business. Having the seller take care of needed repairs before the final sale of a house has saved countless new homeowners from important and costly repairs.
A home inspection business is most likely a home based enterprise. Entrepreneurs that run commerce ventures out of their residences account for over four hundred and fifty billion dollars of commerce each year in the United States. The ability to set one's own hours, be accountable only to the customer and have a sense of satisfaction in giving a buyer either peace of mind or important money saving information can be some of the most compelling reasons someone might want to be a home inspector. Billions of dollars of commerce in real estate transactions each year ride on the words of inspectors who crawl under, climb on top of and walk through countless American residences. And just like any other occupation, house examiners come in all varieties of thoroughness, ethical practices and repute.
Starting a home inspection business begins with an honest self examination. Does a person want to inch along in muddy or insect or even snake infested crawl spaces or go into attics that are a hundred and thirty degrees? If someone doesn't mind sometimes very trying work conditions and is highly detailed oriented and is willing to put a business reputation on each and every report issued, then property examination may be a good vocational fit. But even if the venture is a good personal fit, is it a good demographic fit? A thorough examination of how many other home inspection business enterprises there are in the area and the average number of closings each year is also important to ascertain. Will the amount of closings support a living for the number of other inspectors also following this line of work?
If there are already a number of inspectors in the area, the hurdle is how to make one's own venture stand out from all the rest. Real estate agents have their own favorite property examiners and use them again and again because of speed, price and quality of work. What is the game plan for making a new home inspection business stand out from all the rest and why should agents switch loyalties? Many inspectors are very good with their skills but have very unpleasing personalities or dress appearances and thereby shoot themselves in the foot when it comes to gaining the confidence of new customers. For example, if a person is unwilling to work on an introverted personality and become more friendly and interested in other people, this inward focus may come across as aloofness or disinterest in the customer, thereby hurting repeat business opportunities.
The two greatest expenses in starting a home inspection business are training and marketing. No exaggeration is made when stating that a big liability factor can rest on a home inspector for missing the obvious and maybe not so obvious major structural damage in a property. Even if a person has an extensive background in building, contracting, carpentry or other related vocations, in today's litigious world, licensing and bonding are absolutely necessary. And those legal protections cannot come without the proper licensures and licensures usually do not come unless one has all the necessary education. There are many online courses to aid in starting a residence examination business. Not all courses or training are the same, and one often gets what one pays for, so be very thorough in research when choosing online educational opportunities because many courses cost several thousand dollars.
Marketing and initial expenses are another large consideration in initiation and implementation of a new commerce venture such as a home inspection business. The cost of a good ad in the phone book, the price of developing a website, the price of gas traveling to different realtors to introduce oneself, business cards and a business cell phone are some of the initial expenses for this entrepreneur venture. Additionally, a vehicle that looks professional and that can haul ladders and other inspection equipment around and a computer from which to generate professional looking reports are all expense considerations for this business start-up. Counting the cost before starting beginning any venture is critical to its success. Jesus was making that very point to those who want to be His followers when He said, "So likewise, whosoever he be of you that forsaketh not all that he hath, he cannot be my disciple." (Luke 14:33)
If a person loves detecting and finding critical problems that can save a customer thousands of dollars, this vocation may be exactly for the reader. No two houses are the same, no two owners are identical and no two work days are ever alike in this business. One can turn down a job to go watch a child play baseball, or work until dark if desired. The money earned for such work is often very good, especially when one gets to inspect a very new home for the standard inspection fee. That report is usually very problem free and can quickly be made.
Money Making OpportunitiesThe Internet places a myriad of money making opportunities well within reach of individuals seeking to earn a first or second income, especially from a home-based business. Due to a high national rate of unemployment, many Americans find themselves forced to seek ways to support their families and maintain a reasonable standard of living. Some of the unemployed resort to traditional job-seeking methods, such as browsing through sparse help wanted ads or enlisting the services of temporary employment agencies. But some enterprising individuals just won't take joblessness lying down. By capitalizing on the same skills formerly used to secure good paying jobs, self-employed men and women can develop home-based businesses that have the potential to rival past income. "But thou shalt remember the Lord thy God: for it is He that giveth thee power to get wealth, that He may establish His covenant which He sware unto thy fathers, as it is this day" (Deuteronomy 8:18).
The key to zeroing in on money making opportunities is to assess what kinds of talents and tools are readily accessible to new entrepreneurs. Anyone with a home PC can tap into niche markets that will pay good money for computer-assisted services. Not everyone has an entrepreneurial spirit, but necessity can be a motivating factor and the outlook can be promising. Former bookkeepers, writers, accountants, marketing analysts, architects, and word processors can all use their professional expertise and computer savvy to earn substantial incomes; but it takes determination and extensive planning. Secretaries and administrative personnel who suddenly find themselves standing in the unemployment line can offer freelance and consultant administrative assistant services to small businesses or large corporations who don't want to spend thousands of dollars annually on benefits packages for fulltime personnel. The move from unemployment to self-employment will also require applying for an appropriate business license; printing professional-looking calling cards and brochures advertising services offered; and a home office with telephone, computer with Internet access, and fax. Armed with a list of prospects, new entrepreneurs are ready to tackle finding work.
Self-employed persons can take advantage of money making opportunities by approaching former business contacts and informing them of their decision to go solo. Contacting former associates is often the key to tapping into money making opportunities. Many companies don't mind working with a top sales executive or consultant, no matter whose shingle they hang their hat on. And to these corporate executives, an individual who has a reputation for high quality customer service and efficient execution is just as valuable going solo as they were while employed. If new entrepreneurs can convince former associates of an ability to optimally perform and continually provide superior service, then doors will open and the potential to operate a successful enterprise can be astounding. Self-employed computer-savvy individuals can specialize in providing corporate publishing services, such as employee newsletters, handbooks, technical orders, or custom-designed forms. Providing the general public, especially other job seekers, with professionally written and printed resumes, cover letters, or referrals is also another way of generating full- or part-time income and turning adversity into opportunity.
Just because the company fails does not mean that its employees have to fail with it; and a pink slip can be the perfect opportunity to develop a new enterprise and tap into new niche markets. The key is to develop a product or service which creates a demand at a price consumers are willing or able to pay. More money making opportunities may exist in business-to-business commerce. Regardless of the economy, small and large corporations require individuals with expertise in marketing, design, or other computer-assisted fields. Many businesses would rather hire freelance designers, creative consultants, and account executives to work on a contract basis for a short term, rather than expend considerable budgets retaining several fulltime employees, especially in a recession. Smart home-based entrepreneurs can take advantage of an economic recession which prohibits companies from expanding a permanent workforce.
Establishing an affordable hourly rate and offering valuable professional services to local and web-based companies offers a myriad of money making opportunities for individuals who are willing to put forth a considerable effort. Take a look at the competition and see what makes them successful. Even if the competition has a larger advertising budget, small entrepreneurs working on a shoestring can still utilize big corporate marketing strategies on a smaller scale. And while large companies may have a team of sales professionals, an in-house print shop, and tons of money for mailing promotional pieces; self-employed individuals can take a less expensive route by utilizing local quick print shops and employing family and friends for production. Small business owners may have to work harder, but the potential for earnings is well worth a little sweat equity.
Anyone with a home PC can also make money selling on consumer-to-consumer bidding sites. Everything from used furnishings to vintage record albums can be sold to the highest bidder, as home-based entrepreneurs rack up huge sales from the comfort of an easy chair. Other money making opportunities include pet sitting and grooming, house sitting for families on vacation, or even computer repair or programming. Technical writers can earn extra cash providing content for government manuals or product catalogs and website content for public and private companies. Unemployed artists can capitalize on a demand for T-Shirts, mugs and other imprinted specialty items by selling designs to area high schools and businesses. Losing a job is no excuse to throw in the towel. By taking an assessment of one's talents and special abilities and packaging those skills to appeal to a specific niche market, unemployed individuals can take advantage of hundreds of money making opportunities to earn a decent living in spite of economic woes.