Am starting a business and need your input.?
Questions.
Would you pay a reasonable rate for these services in order to spend more time with family or get everything accomplished?
Would you do so sporadically or regularly, say once a week?
How much would you be willing to pay for this service? by the hour?
Thanks! I appreciate your answers
Answer:
A concierge business involves performing routine errands for clients, such as picking up dry cleaning, buying the dinosaur cake for the little tyke, and so on. With the rise of two-income families, working people nowadays seldom have the time to do life’s little chores. If you do not mind performing these little tasks and enjoy doing something different each day, this is a business with excellent growth potential.
Start-up costs can range from $500 to $2,500, depending on the equipment you already have. You will need a computer, fax machine, Internet access, pagers and cell phones. Another possible start-up expense includes the cost of bonding and insurance to protect you in the event of accident, theft or mishap. You can expect to earn gross revenues of $50,000 to $75,000 and up, depending on the services you provide and the clients you target. You can charge clients with a variety of membership fees based on the nature of service and number of requests per month. You can charge for family or individual membership, a corporate membership for companies to give their employees, and a one-time service fee. Remember though, that whatever you purchase for your clients are billed to them.
As for prices, check on the web for website of personal concierge businesses and check if they publish their prices. One such site is Parris Concierge http://www.parrisconcierge.com whose services include such routine (and time-consuming) tasks as returning items to the store, picking up your prescriptions or obtaining annual automobile license renewal stickers. Prices for Parris Concierge run from $40.00-$50.00 per hour and a 10 hour package is $400.00.
Another concierge service is Sisters http://www.sistersx2.com/ and their hourly fees range from $40.00-$75.00 per hour and packages can be built to suit any request.
I recommend that you check the following articles, books and websites:
Entrepreneur Magazine's book "How to Start a Personal Concierge Service" http://www.amazon.com/exec/obidos/asin/1.
How to Be a Personal Concierge
http://www.entrepreneur.com/article/0,46.
How to Start and Operate an Errand Service (Revised 2nd Edition) by Rob Spina
http://www.amazon.com/exec/obidos/asin/0.
Sound Startup Strategies For a Personal Concierge http://www.startupjournal.com/columnists.
National Concierge Association http://www.conciergeassoc.org
search on google
I think it's a great idea. I think Doctors and Lawyers are in need of these services. They would pay more and I bet you could get started just by word of mouth. Good Luck.
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Go to http://www.score.org/ to find the nearest SCORE chapter. Contact them to arrange for a free one on one meeting with a SCORE counselor.
SCORE is a nonprofit organization. They provide a public service by offering small business advice and training. .
SCORE's 10,500 volunteers have more than 600 business skills. Volunteers share their wisdom and lessons learned in business. The volunteers are working/retired business owners, executives and corporate leaders.
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