Lecture on Simple Service Businesses

Overview

• Discussion of 12 simple service businesses
• Can be started with little to no upfront cost
• Suitable for self-operation or using subcontractors
• Examples of successful companies in each area

Service Business Ideas

1. Trash Can Management

• Can Monkey - $3 million/year
  • Started with residential customers, now focuses on Airbnbs and property management
  • Operates in multiple states using subcontractors
  • Charges $49/month for two cans

2. Dog Poop Removal

• CIN Poopin Scoop - Over $100,000/year
  • Offers weekly, bi-weekly, and spring cleanups
  • Revenue mainly from recurring weekly cleanings
  • Uses a simple model of trash bags and pooper scooper tools

3. Parking Lot Cleanup

• Clean Lots - $650,000/year
  • Operate early mornings or late nights
  • Targets medium-sized parking lots and property management companies
  • Recurring revenue model

4. Laundry Pickup and Drop-off

• Poppin.com - Uses subcontractors
  • Handles 3 million laundry loads annually
  • Opportunity in targeting commercial accounts, e.g., restaurants

5. Labor Renting for Moving

• Community Labor Partnership - $600,000-$700,000/year
  • Provides labor without moving trucks
  • Obtains customers through Craigslist and partnerships with storage facilities

6. Trash Can Cleaning

• Industry with six-figure potential
  • Requires pressure washer and soap
  • Low keyword competition, recurring revenue potential

7. Mattress and Couch Cleaning

• Involves deep cleaning services
  • Low keyword competition for marketing
  • Potential to rank quickly online

8. Industrial Byproduct Flipping

• Flipping pallets, cardboard, etc.
  • Simplest Biz strategy - obtaining pallets for free, selling directly to businesses

9. Cardboard Removal

• High demand due to increased online shopping
  • Recurring revenue potential from weekly pickups

10. House Number Painting

• Targets residential and commercial properties
  • Opportunity in HOA and property management contracts

11. Dead Animal Removal

• Services priced between $200-$600
  • Potential for high earnings in niche market

12. Light Bulb and Smoke Detector Replacement

• Targets commercial properties and rental properties
  • Potential for recurring contracts with property managers

Conclusion

• All businesses provide an opportunity for recurring revenue
• Many can be managed or operated with minimal equipment
• Potential for further exploration available in a spreadsheet of 150 low competition ideas