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Franchise trends 2018-05-02

Home Service Franchise Growing at a Brisk Pace

To increase your chances of being successful as a home services franchise, it's important to adhere to the franchisor's established guidelines. Read to know More.

By Reetika BoseFeature Writer

Outsourcing work that needs to be done in their homes, is something many time-pressed Indians are doing. They realize that doing so ends up enabling them to use their limited time to do more fulfilling things such as seeing family and friends or enjoying a hobby.

Most homes, regardless of age or size, will require some type of regular maintenance on, in, or around the house. Most of these tasks are either too time-consuming for the average homeowner or require a certain skill set.

For these reasons, Home Services companies can be very solid franchise opportunities. And, if the work is done well, it is a market where satisfied customers typically lead to repeat business.

Why Are Home Services in Such Demand?

Home service is made up of a variety of verticals including plumbing, landscaping, pool service, painting, decorating, cleaning, home repair, and more is currently a growth driven market by a variety of factors including:

The growth of online and mobile home services booking services. Today's Indians want to be able to quickly find and compare home service providers online.

Home services are always needed. Things regularly get damaged, wear out, or break around a home. There are also ongoing services that are routinely needed such as house cleaning and landscaping.

The fact that many home services maintain or can increase a home's value and make homeowners feel proud of their home also helps drive demand for home services.

Indians today have less time to spare. Not only are Americans working longer hours than at any time since statistics have been kept, but now they are also working longer than anyone else in the industrialized world. And while workers in other countries have been seeing their hours cut back by legislation focused on preventing work from infringing on private life, Indians have been going in the other direction.'

Why Invest in a Home Services Franchise?

You could start a home services business on your own. But it will likely take you longer to achieve success than it would if you choose to invest in a home services franchise. This is because the franchisor has developed a proven system that you can simply execute after going through their training program and with their ongoing support.

You'll receive your franchisor's support in a variety of crucial areas including training and operating procedures as well as marketing. You'll be in business for yourself, but not by yourself.

To increase your chances of being successful as a home services franchise, it's important to adhere to the franchisor's established guidelines. If you are someone who has a difficult time following a system established by someone else, franchising is likely not a good fit for you.

Another advantage of investing in a home services franchise is that you do not necessarily have to have the technical skills the business requires in order to run it successfully. That's because the franchisor will teach them to you or the business model enables you to outsource the actual work to others. In fact, most franchisors prefer to bring entrepreneurs on board who have a good business head on their shoulders as well as great interpersonal skills so they can grow a team who does the actual work that they manage.

Live Your Dream Career

The demand for home services is strong and will continue to be. It's a market with consistent need.

Not all home services franchise concepts are created equal. Brand recognition, startup costs, market demand for the product or service, franchise fees, potential revenue, and contract provisions are just some of the factors you should carefully consider.

Sorting through the variety of home services franchise opportunities that are available to identify which one is most likely to meet your financial and personal objectives may initially seem overwhelming. Doing extensive due diligence including reviewing the Franchise Disclosure Document (FDD) and talking to franchisees of franchises you are interested in, however, helps you narrow your focus and greatly increases your chances of selecting the ideal franchise for you.

A home is one of the most valuable assets for most families. By helping families to maintain and improve their homes as a home services franchisee, you will be saving them time while giving them peace of mind.

Technology to make homes smarter is on the rise as well. Statistic estimates that at least 33% of homes are expected to have at least one connected device by the end of 2017, and that number will jump to over 60% by 2021. And as smart home technology develops, it’s doing a lot more than providing security and regulate temperature. Smart home technological advances now include the ability to monitor for leaks and alert homeowners to additional significant changes within the house. 

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