ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to Price Foreclosure Cleaning Jobs to Earn the Most & Keep Satisfied Customers

Updated on February 11, 2010

Foreclosure Cleanup: How to Price Jobs Right

Tips on How to Price Your Foreclosure Cleaning Services Right from the Start

Foreclosure cleanup is an incredible small business opportunity, especially right now. Many enterprising entrepreneurs are starting this type of business, but immediately hit a stumbling block when it comes to how to price their services. Hence, following is some advice on how to price your foreclosure cleaning services so you earn a decent amount – and ensure repeat, happy clients.

Foreclosure Cleaning Companies: 3 Things to Keep in Mind When Pricing Your Services

I. Know What a Given Service Costs: This is rule number one, for if you don’t know how much it costs you to offer a service, you can’t possibly price it to earn a profit – which is what you’re in business for, after all.

So, find out what a given foreclosure cleaning service costs you to provide.

For example, if you have to board up broken windows on a property , then you need to find out how much the boarding and nails costs, PLUS add in your time for actually doing the work.

This is where many small business owners fall down in pricing. They forget to add the cost of their time in. If you’re paying a contractor to d the actual boarding up, then you’d add in how much you need to pay them.

Labor – whether it’s yours or a contractor’s – costs. It’s a vital part of pricing a job right.

Foreclosure Cleanup Jobs Pricing Tip: One of the biggest mistakes foreclosure cleaning business owners make is not adding in the cost of “running around time.” In business – any type of business – time (and gas!) is money. Keep this in mind.

II. How Much of a Profit Do You Need to Make: Sometimes, pricing a foreclosure cleanup job simply boils down to how much you want to earn on it. For smaller jobs, ie, a lock change, it may not cost you that much in actual dollars to do it, which makes it a small profit job from jump.

BUT, if you want to offer this service because you want to be a “one-stop, full-service foreclosure cleaning shop,” – which means more business overall from clients -- then you simply factor in how much you need to make off this service to make it worth your while.

For example, if you can get locks changed for $50, but it takes you 30 minutes to drive to the property, wait for the locksmith, drive back home, prepare the invoice and send it out, you could have spent a few hours or more on this “simple” lock changing job.

So, even though it only cost you $50 in cash, how much do you think you need to charge to have made this worth your while when you look at the time factor. Twice that? Three times that? Only you can decide.

III. Get More than One Estimate: In foreclosure cleaning, you’re going to rely on a lot of contractors. And, their rates vary widely. Hence, always get more than one estimate. In fact, get three or four. Why? Because this will give you an idea of what you should be paying for a given service.

For example, let’s say you need to get the exterior of a house painted. One painter may charge $1,100, while another may charge $1,800. Yet a third may charge $1,450. So, what should you be paying more or less?

To get a “pricing measuring stick”, so to speak, use the average of the three estimates.

Foreclosure Cleaning Jobs Pricing Tip:Cheaper is not always better. A lot of this business depends on trusting your gut. You’ll learn more with every job you do. In the beginning though, you’re going to have to rely on common sense and your gut.

The bottom line is, foreclosure cleaning can be a very lucrative small business to start. But, if you price a job wrong, you can literally be out of business before you start. So, take the time to learn how to price your foreclosure cleaning services right from jump.

Foreclosure Cleaning: A Viable Small Biz to Start in Good RE Markets, or Bad

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)