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08 Sep, 2017

Home Repair Franchise Business

Home repair franchise business Though it may come as something of a surprise, home repair franchise business are often some of the most stable when the economy takes a dive, and the biggest reason for that is a relatively simple one. Therefore, even in recession, people remain willing to spend the money it takes to keep their homes in good repair. For that reason, home repair businesses rarely see a large downturn, even when the rest of the economy is dropping off, like it is now. 1. Constantly Learn and do New Things The last thing the owner of any home repair franchise business wants to do is pigeonhole himself. Whatever your client needs done, take the steps to learn how to do it and then get it done. Even when clients are only requesting services you're well versed in, keep your nose in home improvement magazines and websites; learn everything you can, when you need it and when you don't, because it's sure to come in handy sometime. 2. Grassroots Marketing is the Way to go Almost all franchises come equipped with well established marketing plans, which are vital to the success of their franchisees, but absolutely nothing can replace good, old-fashioned grassroots advertising. Building relationships and getting your name out there are the keys. One good idea is to take donuts into the local hardware store on a Saturday morning. Make friends with the staff and ask if you can post an ad somewhere at the counter. Go to neighborhood places like the community center or your church and post your ads there. 3. Seek Guidance in Pricing Bids If your franchisor doesn't have a set pricing system, talk to friends and associates in the industry about how best to price your bids, because though labor is what gets the job done, it's cash flow that keeps the business going. If you under-price, you won't be able to afford the business, but if you over-price, you'll never get a job. Either is equally fatal, so seek some help. 4. Price Yourself to Account for "Non-Billable" Hours It's tempting to believe that only the hours actually spent building walls and windows count toward labor when you're billing your clients, but that's only part of the puzzle. In reality, buying materials, doing office work, and drawing up bids can often account for 25% of your day, and your bids must be priced to account for those hours too. With those tips in mind, the entrepreneur who doesn't yet own his own business may be wondering what business opportunities exist in the home repair industry. Here are a few Fr home repair franchise business for you.

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