People are always on the move in today’s society. Whether relocating for a new job due to the recession or moving cross country just for a change, there is always someone looking for a place to live. That is why starting a roommate finding service is an easy business idea that you can do right from your own home. This is flexible work that you can do on nights and weekends to make some extra money while providing a valuable service to others in your community.
All it takes to start a roommate finding service is some target advertising and people skills. You will be responsible for conducting interview with persons looking to rent a home or apartment with a roommate, as well as individuals who already own homes or apartments and want to rent out a room.
A roommate finding service is an easy business because it mostly involves talking on the phone with potential clients and matching those who might be compatible. It’s very flexible work that you can manage in addition to another job. You can respond to emails and phone messages at your leisure. In the end, you’ll be helping people achieve financial stability and find a home sweet home.
Skills Required: computer, organization and time management skills
Computer skills are essential for success with this easy business idea. You can capitalize on online classified ads to find potential candidates, as well as properties they may be interested in looking at together. Organization and time management are also critical, as you will be scheduling many interviews and face-to-face appointments for potential matches.
Startup Expenses: $100
The startup costs for this business idea are mostly related to the cost of advertising. If you already have a computer and a phone, you have the necessary tools to start this easy business from home. Advertising costs will include flyers, print newspaper ads and online classifieds. Online classifieds tend to be the cheapest and most effective forms of advertising for housing; therefore, you should focus your energy and investment primarily in this area.
Monthly Revenues: $1,000 per month
Depending on the size of the metropolitan area that you serve and the economic conditions, you can earn in excess of $1,000 each month with this easy business idea. While the work is flexible, the amount of time and energy you invest while working nights and weekends will ultimately impact your profits. Concentrate on developing a name for your roommate finding service, and encourage clients to refer friends and family.
Monthly Expenses: $100
Monthly costs for this new business are mostly limited to the costs of maintaining a solid marketing campaign. If the clients aren’t coming in, try changing up your approach by getting involved with a new website or posting flyers in a different part of town.
Time to Break Even: 2 months
Within two months, you should be able to secure enough regular customers with this new business to break even and then some. Dedicate yourself to working nights and weekends, and you’ll be sure to make money in no time.
If you want to work nights and weekends, be your own boss and make extra money, then you can succeed in starting a roommate finding service.
