I thought I would respond here as I am not a business owner yet. I do have to tell you something relevant to this discussion. I want to say I am so impressed by the sharing of information here. I have studied all the new threads and the sharing of this business. This is an excellent way to help people like me to decide if this is a business they also can do. I no way would venture to do this business as an independent without following everyone else here with the same business model. Why try and re-invent the wheel? It's already been done effectively and efficiently. I want to learn all I can on how I can do this business and look professional when I open my doors. This is why I am so interested in pursuing it further. In this day and age there are very few business opportunities that provide the education to improve the possibility to be a success. Thank you all for teaching what it takes. I look forward to learning more.
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Barbara Plummer Seeking the best I can be on this walk through life!
As always, you provided a great post to the board, Bridget. I am in the Omaha area as well and think it would be a good idea if we were to share our experiences and ideas as we get our businesses going. I have been working on this off and on for 2.5 years and think this can take off provided enough time and money is spent refining the process and result. There is another HJB owner in the area but I have not seen his posts for quite some time. His website has been changing also but is still active. Let me know what your thoughts are and perhaps we can get this industry known to Omaha more quickly, especially in West Omaha.
Great post Bridget! I just now found it and I love what you've written. I have very similar feelings about our industry and I hope that I can be a part of the pioneering group.
I've missed your input since the change to the new forum ... glad to know that you're doing well.
I wanted to address your question in a broader sense -- that is, the purpose of this type of message board. Sure, it's to share ideas and information among purchasers of Fred's software, but it has a secondary purpose of helping draw new people into the industry. People are peeking in to see if this can "really work" as a business. This is particularly true after the magazine article that mentioned the industry was published last month.
(This response isn't directed at Jules specifically, but to the larger community of Home Inventory Service providers.)
Before they shell out $$ for Fred's software and other start-up costs, people want to hear real stories of business success. Perhaps this isn't the *best* format to share this type of encouragement or ideas, but there are few alternatives as of yet in such a young industry.
Let me give you an example. I come from a segment of the careers industry that is now relatively "mature." That is, the practitioners in it have been at it for 10 years or more, standards of practice have been established (there are four national professional associations, three national conferences annually, multiple codes of ethics, at least a dozen separate certifications one can earn, and a couple of "mega companies" with dozens of subcontractors). That industry has changed since I first joined it 11 years ago, because it used to be primarily local practitioners targeting local clients. But with the advent of the Internet, all business is *global AND local* -- suddenly you're competing with every other practitioner in the world ... at least in theory.
That's not the case with the home inventory service industry. Your physical presence in a customer's home is required to complete an inventory. As a result, you have "geographic dominance" -- with fewer than 500 businesses of this type in the U.S., you're most likely the only game in town. And with literally MILLIONS of prospects (likely tens or hundreds of thousands in each business' specific market area), the potential is largely untapped.
Honestly, the two biggest competitors any of us face is OUR CUSTOMERS (they could, in theory, do this inventory themselves) and LACK OF RECOGNITION by the market of OUR VERY EXISTENCE. It would actually be a *good* thing to have a couple of competitors within your town, or even within 50 miles ... because you'd be able to work together to raise the profile of the industry in your market. In a start-up business, you spend a LOT of time on marketing. In this industry, marketing primarily encompasses "prospect education." Why this needs to be done, how it's conducted, what information needs to be gathered, why you should hire someone to do it, what kind of credentials the service provider has to make sure it's done right, etc....
So why stifle idea sharing? Don't be worried about prospective cusotmers getting on here and discovering our "secrets." Guess what -- there are *very* few trade secrets -- there is NO industry standard for what is required in an inventory -- even from the insurance companies or their industry associations.
Look at it this way -- there are HUNDREDS of free and low-cost alternatives to our service out there (just google "Home Inventory Service") ... but just look at Ari, or Jules, or Kristina -- people WILL pay to have this service performed!
Have you ever encountered a prospective client who, upon learning of your service offerings, says, "Wow! That's a great idea!!" This is just one of a LOT of services -- dog wakling, car detailing, house cleaning, resume writing, housepainting -- that CAN be performed by your prospective client, but he or she can't/won't/ or would prefer not to. Or they lack the perceived expertise to do it. The more we hone our skills and craft an expectation about what a thorough home inventory encompasses, the more customers we will have.
I would argue that the BEST thing that can happen to The Home Inventory Service market is growth. Because with critical mass, the tipping point will be reached -- recognition of the industry AS an industry ... and with it, credibility from prospects and the media. You'll be able to spend less time educating clients, and more time servicing them. (Am I the only one who has noticed that "Home Inventory Service" isn't a Yellow Page category?) "Inventory Service" in the Yellow Pages encompasses not only home inventory service industry companies but also commercial inventory specialists. 10 years ago, there wasn't a listing for "Web Site Hosting Service" either.
Of course, with that comes more potential competition, but even if you conducted 2 inventories a day every week of the year, that's still only 700 inventories -- and I'm guessing that there are more than 10 times that many homes, apartment dwellers, and even small businesses in your area that are likely candidates for your services.
And those that are today's "pioneers" will be able to continue to draw customers over tomorrow's newbies, because they can point to their years of expertise in the business, commitment to continuing education and industry standards, and an extensive client list that is generating referrals and repeat business long into the future.
There's a place for the password-protected forum ... but there's also a need for an open discussion about issues facing the industry and specific challenges, especially for start-ups. Nurture these fledgling entrepreneurs, and they will help grow this industry ... to the benefit of us all.
Hi Jules, There is now a members only area for Home Journal Business customers. These are in the "Marketing" section and identified as "Password Protected".
We have noted this in the "News" items so that customers can contact us for the password to these private areas.
First, I apologize for not being around (I explained in another post that I've been busy and not working), so I'm sorry I haven't participated since the new board went live.
I am sure that the inactivity by others here has been in a big part due to the fact that it is summer ... and people have a lot of sunny activities going on.
However, after looking over the board tonight, and thinking back to past posts and discussions, I'm wondering if it's also due in part because of the lack of 'member only' areas. To me, I feel that setting up and operating the business areas should be members only areas ... which is what 'I thought' people had asked for before.
Please don't take this negatively, as the new forum is fabulous, and soooooo much better than the old one. !!
But, a lot of people said they did not post because they wanted to only speak with people that had bought your kit and were setting up or operating a business based on your software ... and not the general public that can come here and learn all the ins and outs (as well as pricing, website structuring, etc.) of operating this business.
Just my thoughts ... which you can take or leave. If others have thoughts on this, I'd love for you to post here on this as well. I'd just hate to possibly see 'members' break out and start a new forum or group down the road because they feel this is not the ideal place to discuss operating their inventory business with other inventory business operators.
Warmly, Jules
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"To live a creative life, we must lose our fear of being wrong."