Professional Organizing Business: How to Choose the Right Investment
A professional organizing business can be a lucrative investment, but there are some important things to know before you start. Learn how to choose the right fit for you.
THE INDUSTRY OF ORGANIZING
If you are a highly organized person or have ever benefited from the expert assistance of individuals who possess such a skill, you can see why a professional organizing business is a promising opportunity for ambitious entrepreneurs. It also gives you the ability to help others while enjoying the freedom of working from home, setting your own hours, and building your future in a recession-resistant industry. While many markets faced major challenges over the past couple years, the home improvement market surpassed $762.9 billion in 2020 and is expected to reach a CAGR of 4.3% through 2027.
Professional organizers can choose to work with individuals and other companies in a variety of settings to help create more efficient and productive spaces, whether they be home offices, kitchen pantries, or storage lockers. The organizational possibilities are limitless, and you will gain a sense of accomplishment after every job, in addition to a recurring revenue stream, especially if you expand your services or form ongoing relationships with your clientele.
The job of a professional organizer not only requires creative problem-solving abilities, but also a great deal of patience and people skills. When entering the intimate spaces of people’s homes and offices, each client may require a different level of care. Be prepared for unglamourous tasks and treat each space you are hired to organize as if it were your own.
Because professional organizing business is a broad category, it can be difficult to differentiate yourself from the competition. Typically, the client already knows what she’s looking for, be it a closet transformation, garage upgrade, or larger project. And while there is nothing wrong with offering general organizational services, clients are more likely to seek you out if you focus your offerings. Determine the types of clients you are most able to provide for (families, young professionals, business owners), as well as the types of projects you are most qualified to handle (home offices, closets, pantries, filing systems, etc.). Once you identify your niche, you are ready to move forward.
PLAN YOUR BUSINESS
Whether you embark on independently starting a professional organization business or partner with a home improvement franchise, you will need to create a business plan that clearly identifies your strengths, goals, and possible challenges. One of the benefits to partnering with an established franchise brand is that a lot of the heavy lifting has already been done for you. Unlike when venturing into the world of professional organization on your own, a franchise disclosure document (FDD) provides a great deal of information to help you complete your plan, including the background of your chosen brand, target market description and methods of engagement, industry advantages, and an itemized account of your startup and recurring costs as a franchisee.
COSTS OF STARTING A PROFESSIONAL ORGANIZATION BUSINESS
The startup costs for opening a professional organizing business are minimal, as most typically operate from home and require little overhead. Beyond the costs of legally establishing a business entity, other startup costs may include insurance, website design and hosting, and education—while not explicitly required, certain certifications and training can help you stand out from the competition.
Ongoing costs may vary, but with a franchise, you can rest assured that these fees are minimal and typically pay toward advertisement and support funds that benefit your business.
GET ORGANIZED WITH THE BEST
A study conducted by FranNet found that across industries, 92% of franchises were still in business after two years, and 85 percent after five years. Franchises operate under a predetermined business model, backed by a brand name with a proven track record. Independent businesses must try to find their target market and weather growing pains as they establish themselves.
One major advantage of partnering with a large network of franchisees is the ability to create national contracts with commercial businesses, residential clients, and more. With nearly 200 franchised territories across the United States and Canada, The Tailored Closet is the largest whole home organization franchise in North America. Franchisees enjoy access to a proven business model, a support team comprised of industry experts, minimal inventory, scalability, and much more.