3 Reasons a Home Services Franchise Should Be Your First Investment in 2020
With the new year in sight, you may be looking to the latest trends and business outlooks to decide where to invest in 2020. You may also notice one industry popping up again and again – home services – and for good reason. The home services industry is evolving with the times, and it contains a diverse catalog of businesses worth over $600 billion.
At Dryer Vent Wizard, we fit perfectly into the thriving home services industry, filling a niche need in the market with top-notch, timely service.
Here are three reasons why you should invest in a home service franchise such as Dryer Vent Wizard.
1. Technology is Making Home Services Grow
Home services are going on-demand.
With the rise of technology, more and more home services companies are taking their business online and allowing guests to book home visits through their website. This added convenience has led to a boom in the industry.
Dryer Vent Wizard customers have the benefit of scheduling home visits completely through our website, which allows our franchisees to tap into the growing on-demand trend.
2. A Recession-Proof Investment
For entrepreneurs, finding a recession-proof concept to invest in is a priority. It’s crucial to protect your investment by choosing an industry that will largely remain steady during turbulent economic times.
The demand for home services is not going anywhere, regardless of economic climate.
Home owners need to upgrade and repair their homes. Buildings naturally wear over the years and need maintenance. Regardless of financial condition, they will budget their income for home services, as it’s a matter of safety and comfort.
At Dryer Vent Wizard, we specialize in creating a safe environment for home owners. By thoroughly cleaning, repairing and maintaining dryer vents, we significantly reduce the risk of dryer fires in our communities, which is a leading cause of home fires in the U.S.
Regardless of what shape the economy is in, people need to feel safe in their homes and will call home services such as Dryer Vent Wizard to help them.
3. You Can Dominate a Niche Market
The home services industry is enormous. It contains numerous businesses, from plumbing and electricity to carpet cleaning and window repair. Because home services are so diverse, however, entrepreneurs can narrow in and capitalize on one segment of the market.
By virtue of our service concept, Dryer Vent Wizard franchisees can easily claim our niche market. Our narrow focus allows our franchisees to be positioned as the go-to experts on all things dryer vents in and around their area.
In addition to the demand we receive, Dry Vent Wizard offers franchisees a proven business model with simple, mobile operations. As a van-based business, our franchisees save thousands on maintenance, rent, utilities and other costs associated with traditional brick-and-mortar businesses. By investing with Dryer Vent Wizard, you’re saving money on unneeded costs and making homes safer.