Invest on Laundry and Dry Cleaning Business | Wealth Creation

H

ave you been thinking of a very lucrative business that you want to invest on that requires less capital to start up, then considering setting up a laundry and dry cleaning business is a perfect one for you to invest on.

Due to the change in the economy, most people no longer have the time to do their laundry services themselves, thereby resulting to looking for someone who will do it for them and get paid. As a matter of fact, this situation has lead to a high demand for the need of laundry and dry cleaning services.

Before considering setting up this business, there are some vital things that needed great attention such as;

Study the Enterprise: Before embarking on this business, it is very important that you study the industry either by asking questions from people who are already in the business or by working in a dry cleaning outfit for some period of time in other to have the knowledge on how the services are carried out and also to have a pure knowledge about the ins and outs that are involved in the business.

Purchasing of Laundry and Dry Cleaning Equipments/Machines: This is a very important part in the business in other to render quality services to your customer and have maximum returns in the business, you are expected to make purchase of equipment and machine from reputable dealers or if wanting to purchase from an outfit that is wanting to close up you must have to ensure that the equipments are of high and durable quality and this may also reduce transportation cost.

Location: Your location where you establish any business really matters, before you setup your laundry and dry cleaning business you have to look for a place that is business and where there is no or much competitors. It is also advisable to locate environments where you have offices, clinics, higher institution and other business outfit so that you can have customers who will patronize you on daily basis.

Employing Experience Staff: When your business begins to grow and you are thinking of looking for more hands so that you can meet up with the daily requirements, it is necessary that you look for people who have experience and are capable and also people who are customer friendly in order to help build the reputation of your business and serve your customers better.

Price: Determining the price to be charged depends on several aspects of your activities. It is necessary you consider the cost you will incur, that is if you are to wash using treatments, soaps and softeners, hangers, laundry wrap, use of delivery van, then considering how much to be charged on the time you spent. All these will help to determine the rate at which to charge. You may wish to have a menu of extra services listing prices for services to be offered like ironing, stain removal or pick up and delivering for more clarification to your customers.

Profitability: It is required that you take records of activities on daily basis to determine the level of profit you incur daily.

Promotion: This is another important thing to be included when running a laundry and dry cleaning business. Advertising your business is necessary because it will bring it to the notice or awareness of people who are ready to welcome the services you render. And this can be done by placing adverts on newspapers, magazines, making postal and fliers etc.

Attracting Customers: Most laundry business these days have TV set mounted on the wall in their shop, offer selection of magazine to their customer or even have music playing, so that their customers can be busy while waiting for their clothes to be ready instead of getting bored. Having these in your laundry and dry cleaning center will attract more customers since they have things that can keep them busy, and it will also help to retain the customers you already have.

Making Adequate Plan for Break Down: In the course of running the business, there is bound to be breakdown on machines/ equipment, so it is of great importance you have a backup plan by keeping proper account on equipment, water and usage of power to ensure proper charging on amount, so that you don’t run at loss as a result of breakdown of your machines like irons, dryers, washing machine etc.

Maintenance or Repair of Equipment: Equipments are to be inspected regularly for proper maintenance, the services of an expert is required to be employed for the servicing of the machines or can be done by owners who have experience with laundry equipment to cut down cost on maintenance or repairs.

For you to be successful in this business, I will advice that you build up a good relationship with your customers, be punctual always, be consistent and always try to meet up with time and employ other ways that will attract customers for maximum profit.