If you’ve decided to join the many other moms who have taken a leap of faith and chosen to quit their nine till five jobs and launched a business of their own, then you are most probably wondering what field to go into.
When it comes to choosing a business type to launch, there’s a lot that needs to be taken into account, which is why it’s so important to choose the industry that you go into carefully. You want to choose an industry that not only has fantastic potential for success, but that is also linked to one of your interests. Because, as various studies have shown, when it comes to succeeding in business, being passionate about the business that you run is crucial to your success.
A popular industry to go into is property. This is because the opportunities that come with this sector are vast and varied, making it a great option for people with all manner of interests and hobbies. Whether you have an eye for design, are crazy about interiors, or love building communities, property investment could be a great option to go into.
Does the idea of working in property appeal to you? If the answer is yes, then you may want to take note of the business ideas below that relate to property in one way or another, and have fantastic potential for success.
Offer a property staging service
Do you have an eye for design? When you walk into a property, do you imagine how you would change the space to make more of it? If the answer to both of these questions is yes, then perhaps you should consider offering a property staging service. Wondering what property staging is? Property staging is a service that can help to make properties more sellable by making them more appealing to potential buyers.
When a property isn’t selling as quickly as the owners hoped it would, or a fast sale is required, often a staging service is used to create a space that is more appealing. If you’ve got an eye for design and neutral style, this could be a fantastic business concept for you – launching a property staging service. This is a business that would not only be simple to start, but also that would have high success rates, especially if you tap into the luxury market and build up a strong customer base within the local community. They say that word of mouth marketing is the best form of marketing, and in these kinds of industries, this is the case, which is why building a strong local customer base is so vital.
Invest in property to do up and sell on
Property flipping has been highly publicized by various high-profile TV programs over the past few years, which has made it an even more popular property-related business choice. If you are someone with a passion for DIY, then property flipping – where you purchase an old, distressed home on the cheap, do it up and sell it on for a profit – could be the perfect business opportunity for you. While flipping property doesn’t offer the long-term income that buy-to-let properties do, what it does offer is a good profit that can be split in two: one half as profit and the other half to be put into buying another property to do the same thing with. Over time, this process will allow you to make a good income from doing up and flipping properties, building on your profits each time.
Of course, the downside to this kind of business is the fact that you need a large sum of money to start off with. As if you are going to be able to invest in a property (even cheap property) to do up and flip, you need a large budget to start out with. After all, there’s not just the cost of the property to think about, but also the cost of the materials and labor for doing the property up. Of course, if you don’t have adequate funds available, you can always opt to take out a bank loan or bring a financial investor on board.
Do real estate photography
Do you have an eye for photography? If you’ve always been passionate about photography, then perhaps working in real estate photography could be a good move to make. Most real estate companies charge incredibly high prices for real estate photography, whereas you can offer a more affordable but just as high-quality service. Do this, and you are sure to get plenty of clients, after all everyone loves a bargain, don’t they?
Of course, in order to be able to start this kind of business, you will need to invest in a high-quality camera that will easily capture clear, high-resolution images. You will also need to invest in a photography course that specializes in real estate photography so that you are able to hone your skills and ensure that the quality of the photos you capture is high.
In addition to investing in a high-quality camera, it’s also vital that you consider other crucial pieces of technology, such as a drone, for instance. Today, many real estate companies use drones to capture images of properties from all angles, which is why it’s vital that if you want to see your business succeed, you invest in the same tools that are usually used.
Build property for rental potential
Another business option for anyone with a passion for property could be to build property to rent out. While you could opt to buy property to rent out, which can be just as effective, if you have an eye for design and have a unique concept that has high potential for success, such as building an apartment block that comes with a range of unique features, then doing something different and choosing to build your property rather than buying one, could be the answer.
Of course, if you are going to choose to build property, rather than buying it, it’s important to think things through carefully. This means taking the time to consider everything that would come with building property rather than buying it, such as finding the ideal plot of land, needing to apply for adequate planning permission, and taking out a survey of the area. Then there’s the cost of working with a professional architect, to take into account – you can find details here about your options for this. The fact is that while choosing to build property rather than buying it comes with various opportunities; it’s important to realize that there is a lot more work that comes with it as well. The process is more timely and most costly, plus it will take longer for you to see results. Of course, if you can afford the time and money, then this is a great option, particularly if you have an idea that will allow you to create homes that are truly unique, as everyone knows that it’s the USP that makes a business a success.
Launch your own real estate company
Do you have a passion for sales? Then perhaps you should consider launching your own real estate company? Have you always wanted to view house after house, showing people around and helping them to choose whether to make a purchase? If you have, then perhaps starting a real estate company could be a great business option for you. The fact is that when it comes to property, real estate is a great area to get into, especially if you are a people person and have a knack for sales.
If you can’t afford to purchase a premises, don’t panic – you can always opt to run your business virtually. Today, more and more companies are becoming virtual because by doing so they can cut costs and reduce their spending. In addition to this, they can offer their services for a lower price, which can help to ensure that when it comes to their success, their chances are much higher. By running your real estate company virtually, you can ensure that you have the highest chance of success possible, as you can keep your fees wonderfully low, due to having minimal overhead costs. The more affordable your services are, the higher your chances of success are, which is why keeping your overhead costs low is so important.
There you have it, a guide to all of the best ways that you could consider working in the property sector as a business owner. The fact is that when it comes to property, it isn’t easy to find the right area for your business, as there are just so many different options to choose from. However, if you take note of the tips and advice above, you can ensure that when it comes to launching a property-focused business, you can pick the one that’s the best fit for you, and that comes with the opportunities that you need it to.