🧠 $3K/month Pressure Washing Business Without a Pressure Washer
How Much is Enough? and Are Housing Prices Collapsing
1. Business idea of the Week: A Pressure Washing Business Without a Pressure Washer
Pressure washing has become a super popular side hustle on Social Media apps recently.
On TikTok alone, the hashtag #pressurewashing has 3 billion views.
Pressure washing is the use of high-pressure water to remove dirt, mud, mold, etc., from exterior surfaces and the most common uses include cleaning driveways, walkways and decks.
I mean…. look how satisfying that is…
Not only does it look better, but it can also extend the life of surfaces, and make them safer to walk on.
So how can we start out own pressure washing business without actually pressure washing?
The idea: A pressure washing lead generation business. This will essentially be a “drop-servicing” business in which we book pressure washing jobs → outsource the pressure washing to someone else → and keep a cut of each sale.
There are 2 ways I would go about this:
Reach out to current pressure washing businesses and tell them what you’re doing. Make an agreement to get a cut of every job you bring to them. They get more jobs, you make money.
Find local college or high school kids looking to make money, and set up all of their jobs for them. This will be a bit more hands on because you will be directly paying the workers, but may allow you to pull in a bigger profit on each job.
How to get started: The success of this business will be fully depended on the ability to drive traffic and leads to your site. Here’s a few steps I would take to build your site.
Buy a .com domain - Namecheap.com is my favorite and you can use this link to get your domain for just $5.98. (Make sure the domain looks clean and mentions the name of the area you’re targeting.)
Use a site builder like wordpress.org to build your site, and then register your site with google to show up in search, and google business.
Create a ton of content around pressure washing to drive SEO traffic to your site.
Use Nextdoor and Google ads to drive leads to your site.
Using google trends, we can see that pressure washing is a seasonal service that typically spikes in the summer and declines around the fall.
With this info, we can push our ads in the summer, and lay-off the ads in the winter.
If we assume you can get 1 sale a day, and get a $100 commission from each sale, this is easily a $3,000/month business on the low end.
Let me know what you think!
2. How Much is Enough? The Mexican Fisherman story.
If you’ve never heard this story before, its definitely worth the read.
It opens your eyes to what you really want in life and what real success looks like.
Here’s the TLDR version:
An American business women travels to a small village in Mexico and see’s a fisherman that caught just one fish that day.
The business woman asks the fisherman “Why didn’t you stay out there and catch more fish?”.
The fisherman explains that the one fish is all he needs to support his family.
The business woman asks “but what do you do with the rest of your time?”
The fisherman says “I sleep late, fish a little, play with my children, take siestas with my wife, and play guitar with my amigos.”
The business woman is un-impressed and says “I have a business management degree and could help you. You should spend more time fishing and, with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats; eventually, you would have a fleet of fishing boats. With enough scale, you could even open your own cannery and brand! You could control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA, and eventually New York City, where you will run your enterprise.”
“But, how long will this take?” asked the fisherman.
The business woman says, “15-20 years”.
“And then what”, asked the fisherman.
“When the time is right, you would announce an IPO, sell your company stock to the public, and become very rich. You would make millions!” - says the business woman.
“And then what” asked the fisherman.
To which the business woman finally says “Then you would retire! Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, and play your guitar with your amigos.”
There’s a lot of lessons here.
Like, what are you really chasing in life?
Can you build a life you don’t have to vacation from?
Source: https://sagivo.com/2020/12/21/How-Much-Is-Enough.html
3. Are Housing Prices Collapsing?
The short answer is no. But also kind of.
Housing prices year-over-year are still on the rise. Prices are up roughly 11% from last year, which means that when we zoom out on a chart, prices are still goin up.
Source: https://fred.stlouisfed.org/series/MSPUS
But what if we zoom in?
This is where things get interesting…
Looking at month-over-month changes, we actually see a decrease in some of the most popular markets.
Lets take a look at the top 3:
San Jose, CA: -2.70% MoM
Austin, TX: -1.62% MoM
Reno, NV: -1.26%
This means that the price of houses in these marketplaces have gone down within the past month. But this is very market-specific.
Other marketplaces like Miami have actually increase over the past month.
So what should we think about all of this?
Here’s my thoughts:
Look at the big picture. Monthly changes in a market aren’t the best indicator for projecting long term real estate returns.
From my observations, people seem to be scared about real estate right now and aren’t buying as much.
In my opinion, this is a great time to buy if you can find a deal. As long as you plan to hold the house for 7-10 years, the monthly price changes really won’t affect you.
Sources: https://www.biggerpockets.com/blog/markets-are-at-risk-of-price-declines?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_4967537
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