4 threats to the cleaning industry
Not all office and house cleaning industry trends are positive. Watch out for these threats to the cleaning industry that might make trouble for your business:
- Stiff competition: There are plenty of other cleaning companies who offer the same services and benefits as you—and some of them have lower prices. Find a way to stand out and give your clients something extra that they can only get from you.
- Raising prices: Inflation is slowing down, which means you might find it harder to raise prices in 2024. Learn how much to charge for house cleaning if you’re in the residential market, or research commercial cleaning prices if your clients are other businesses.
- Employee shortages: For a few years now, home service businesses have found it hard to retain employees. Make sure you offer great compensation and benefits, have a solid hiring process, and work hard to keep your employees satisfied.
- Rising costs: Thanks to changes in the economy, you’ve likely noticed rising overhead costs that are cutting into your profit margins. One way to cut costs is to trim your list of cleaning supply vendors. You can also try to get bundles or deals by switching to just one or two providers.