Unless you’ve been living under a rock, you’re probably aware that everyone needs to wash their clothes eventually. If you have been living under a rock, then it’s about time to wash your clothes.
People often underestimate the power of a laundry shop. We know it isn’t the sexiest business or the most glamorous, but it’s a business people need on a regular basis.
If you’re looking for a risk-free business with a considerable upside, then you best pay attention.
Here are 4 ways you can turn your laundry shop into a profit-making machine:
Take Advantage Of New Technology
There are few better investments than good technology. Over the past few years, household devices have made quantum leaps in functionality and efficiency, and a lot of it has to do with the Internet-Of-Things (IOT).
The IOT refers to ordinary appliances (think toasters, washing machines, and vacuum cleaners) that can be operated and controlled via the Internet.
This exciting, interconnected web of everyday devices makes every chore so much more enjoyable. Imagine the time and effort you can save by operating your machines through your phone or laptop. You’ll practically be running the whole show without leaving your desk!
Not sure where to look? A coin operated washer from Continental Girbau will definitely wow you with the latest features.
Invest In Quality Laundry Equipment
Professional laundries need professional equipment–there’s no way around it!
When you’re handling hundreds of kilos of laundry a day, you need machines that can handle the load. So, instead of going cheap on your equipment, you need to find machines that will stand the test of time, and stay intact even after years of washing and drying.
Getting a commercial washer from reputable sources like http://cgilaundry.com/ sets you up for long term success. In fact, you’ll probably be surprised at how much money great equipment can save your business.
Now, we’re not saying you should break bank on washers and dryers. But you need to invest on machines that can maximize your productivity while reducing your long term costs (read: electricity and water costs).
Offer Other Services On The Side
Any savvy business person knows best to diversify. When you run a laundry shop, people will be waiting around, which gives you the perfect opportunity to sell a complementary business or provide a value-adding service.
It doesn’t have to be elaborate–you can set up a small sandwich shop, a cafe, or even a mini-bookstore. Get creative with it.
The customers are already there, all you need to do is find something interesting enough to attract them.
Go All In With Your Customer Service
There’s nothing that sells a business better than great customer service. Trust us, loyalty pays.
According to Bain & Co., increasing customer retention by just 5 percent can up your profits by 25 to 95 percent. If that isn’t convincing, we don’t know what else is.
The next time a new customer comes walks through your doors, delight them with your service and engage them (but not too much) with kind words.
That way, they’ll walk out the door, not just with cleaner clothes, but with a big smile as well.
Transforming a laundry shop into a profitable business isn’t at all that difficult. You just need to take advantage of new technology, invest in quality equipment, offer other services, and please your customers.
Follow those steps and you’ll be turning rags into riches–literally!