Data for the third quarter of 2021 reveals that more than 1.6 million households in the UK fell into the category of anywhere between seeking a move and settling into their new home. Even amid a notoriously competitive market, people up and down the country have continued to take the plunge and move onto or up the property ladder.
All of which means an abundance of activity for related businesses. Estate agents and conveyancing solicitors are bound to be in demand, but there are sure to be opportunities for those in removals too. Here are a few tips to help you set up your own enterprise.
Create a business plan
Regardless of the sector or industry, you must start with a sound business plan. This needs to set out your objectives and, more importantly, how you intend to achieve them. Figure out what your overheads are going to look like, as well as a pricing strategy so you can calculate the amount of work you’ll need to make it a worthwhile venture. Define your short, medium, and long-term targets and put in place a contingency if things don’t quite go to plan.
Research the market
Take the time to scope out what your competitors are doing. What sort of prices are they quoting? Do they only deal with certain types of properties? Are there any niches that you can exploit? If you’re not offering anything different then it’s always going to be tough to stand out from the crowd.
Get your paperwork in order
There are different rules depending on whether you’re setting up as a sole trader, limited company, or a partnership, but you’ll need to register your business. And there are plenty of other requirements and obligations to consider before you can start providing a service. For example, a transport insurance policy will help cover your vehicle as well as any goods that are in transit. That level of protection will offer all-important peace of mind to both you and your customers.
Gather the right equipment
As well as packing boxes and tape, you’ll need a vehicle that is clean, spacious, and reliable. It can be tempting to make a saving on a van for a reduced price, but the chances are it’s being offered at a discount for a reason. If you break down midway through your first move, your reputation will suffer and your business may not ever get off the ground.
Market your services
There are plenty of ways you can do this. Social media, online, and adverts in newspapers and local magazines should all be avenues that you consider. And don’t forget word of mouth – if you make a good impression, your customers are more likely to recommend your services to their friends and family, so this can be an invaluable promotional tool.
