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Business Management analysis

The Business Of Washing Shoes: How To Make It Profitable

Creating a business is not that much of a problem, what determines it's success is whether your product or service solves your customers problems at a cost effective price. In my opinion there's a lot of untapped potential in the cleaning business and people do not realize that they can actually turn that into profitable investments. In this article we are going to show you how you can start you own shoe washing business.

Foundation for you business

What i like the most about this type of a business is that you can literally start it with as minimal capital as possible. This is good for people that are new into business, it's a stepping stone that will allow you to grow your entrepreneurial skills.

A name of your business: Get creative and come up with a memorable name that will be used to identify your business.

Equipment: Shop around for the latest soap bars and chemicals which are used to retain the colour of shoes and prevent them from aging. You can do a quick Google search and compare the prices of different equipment that you can buy.

Location: You can cut down the costs by locating your business where you already live. This will make it easy for people to bring their shoes without traveling a long distance.

Pricing is key

As much as you want your business to make money and keep the lights on, you don't want to chase your customers away due to exorbitant prices. There's already services like this which exist, they can easily jump ship to your competitors.

— How much does it cost you to buy your equipment?

— How good is your service and turnaround time?

— These are some of the questions which will help you when coming up with your prices.

Marketing makes the dreamwork

There's this favorite quote of mine by Milan Kundera that says : "Business has only two functions - marketing and innovation". If you don't market your business, how are people supposed to know that your business exists? It's impossible. On the other hand, if you don't innovate - that will be death of your business.

— Instead of focusing on beating your competitors, focus on making them irrelevant by creating complementary products. You can sell shoe products or even showcase your own sneaker collection. This is what makes your business different from others (innovation).

— Your social media presence must be just as strong as you offering. There's so many people that can fall in love with your services and make your business a success on social media. Create accounts to promote your business.

We hope that you've learnt a thing or two about making this type of a business a success. Let's keep the conversation going on the comments section below, we'd love to hear from you. For more business ideas and career advice, make sure that you follow us and never miss out. 

Content created and supplied by: ShakersAndMovers (via Opera News )



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