Another frequently asked question is whether it is possible for home staging to become a successful business in your particular area, especially if you live in a rather small or rural area. Taking the time to figure out whether home staging will work in your town is definitely something that you should do. Keep in mind that just because you live in a rural or small area does not mean that home staging cannot be a success. There are some rural or small areas where home staging will work and others where it will not.
Whether or not home staging will work in your particular area will depend upon a variety of factors. Doing some research ahead of time will help you to make an informed decision. There are three crucial factors that should be considered in order to determine whether home staging will work in your local area.
First, consider whether you area is near a larger city. You must always take into consideration how far you would be willing to travel in order to reach a job. If you live an hour or more from the nearest city, you must consider whether you would feel comfortable driving that distance multiple times per week for your business. If you do decide that you are comfortable with this then you would have the opportunity to market in the city near your area as well as neighboring cities. If not, you may find that your business opportunities would be limited.
You should also find out the average number of homes that sell in your area in a year. You can obtain this information by contacting your local real estate board. Keep in mind that there will be a percentage of those sellers who will be interesting in hiring you, but you should not bank on all of the sellers hiring you. This will give you an idea of the amount of business you can expect. Do not allow yourself to be discouraged if the numbers are relatively small, but do be realistic. Home staging can pay quite well. Even if you only have 50 clients per year you could still earn a nice income.
Finally, find out the number of homes that are listed for sale in your area each year. Remember that this is not the same thing as the number of homes that actually sell every year. Far more homes are usually listed than actually sell, especially in a down market. The idea here is to find out the difference between the number of homes that are listed and the number that are sold. The argument can be used that if some of the homes that did not sell had been staged they may have gone under contract.
Rather than sitting around wondering whether a home staging business would be successful in your local area, it is important to actually do some research and get the facts and figures. In addition to the questions above, you should also take into consideration the following to determine whether your area can support your services.
How many home stagers are already in business in your area? This is a critical area that should not be overlooked. If there are already home stagers working in your area you should not become discouraged but you should find out as much information as possible about the competition. Remember that home stagers are like any other professionals and not all of them can be held to the same standards. If you know how to provide valuable services and market your business you could still do quite well even if you are not the only game in town.
How many real estate agents work in your area? Chances are, there are probably more real estate agents actively serving your area than home stagers. If so, you have an opportunity to form an affiliation with one or two of those agents and provide yourself with the chance to bring in a good amount of business.
How much money do you personally need to earn? Regardless of what your research tells you can be made in your local area, you must stop and consider how much you personally need to earn in order to make a living.
Keep in mind when you are considering whether your local area can support a home staging business that this can be an extremely low cost business to operate. You do not need to carry an inventory as is the case with many other businesses. Also, if you prefer not to do so, you do not even need to operate a storefront. You can operate out of your own home, save yourself the cost of owning or operating an office space and possibly take advantage of tax breaks.
Also, remember that you do not have to operate a full-time home staging business. If this business really appeals to you do not think that it has to be all or nothing. Home staging can easily translate to a part-time job, allowing you to accept only the projects that you can handle while still enjoying the benefits of this business. Whether you want to supplement your regular full-time income or you are looking for a way to just make a few extra dollars or you are looking for a regular living, home staging is flexible enough to provide you with numerous options.
Related posts:
- Home Staging Business Guide: What Is Home Staging?
- How Much Money Can Be Made From A Home Staging Business?
- Home Staging Business Guide: When To Collect Payment
- Why Should You Start A Home Staging Business?
- What you Need To Get Started With A Home Staging Business
- How To Start A Home Staging Business: Office Space And Furniture
- Advantages And Disadvantages Of A Home Staging Business
- Home Staging Business Guide: Setting Your Pricing Structure
- Marketing Your Home Staging Business
- Home Staging Business Guide: Working With Clients
- Home Staging Business Guide: Do You Need Start Up Funding?
- Home Financing
- How To Avoid The Most Popular Scams Of Today: Work At Home Scams
- How To Set Up Your Home School Room?
- What A Professional Home Stager Does
Source: http://www.e-self-help.com/will-home-staging-be-successful-in-your-area/
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