Home inventory service involves taking a one-time or periodic inventory of individuals' possessions or a businesses' stock of merchandise. Inventories are important for insurance purposes and help businesses know what products they have on hand. You can run this business by yourself, or hire others part-time to work together on large projects. Home inventory services are considerably very good home-based business for those persons who want to establish the business for the achievement of successful career as home inventory service providers. It is very feasible enterprise which you may do after knowing all the reasonable aspects of this business.

Start-Up Costs And Financing Sources

* $3,500 and up
* Personal savings, line of credit on credit cards, small business loan for home office equipment and/or vehicle.

Pricing Guidelines

$70-$100 an hour

Marketing And Advertising Methods And Tips

* Send out direct mailings to stores, institutions, and warehouse clubs.
* Make presentations on the value of inventory management services in crime prevention to neighborhood watch groups, local law enforcement officials, and insurance agents for business referrals.
* Rent a booth at home trade shows.
* Print brochures, business cards. Collect letters from satisfied customers.
* Advertise on radio and local cable television.
* Give talks to local chamber of commerce groups.

Essential Equipment

Home office supplies: computer with inventory (with report capabilities, billing software), video recorder, instant photo camera, engraving tool, business line and answering devices or service, dependable vehicle.

Recommended Training, Experience, Or Needed Skills

* Work in a department store doing their annual inventories.
* Work in an insurance company and take courses about protecting home valuables and assets.
* Be familiar with insurance and law enforcement rules and procedures.
* Be efficient, well-organized, and professional.

Income Potential

$30,000-$60,000 and up, depending on your clients and the number of inventories you do per year.

Type Of Business

¼ in-home for running the business and preparing reports; ¾, out-of-the-homes for the inventories

Best Customers

Homeowners or apartment dwellers who own valuables; institutions; general merchandise department stores; businesses that want their equipment and inventory protected; schools, hospitals, or other institutions that need inventory reports to write their annual budgets.

Helpful Tips

* Consult with your insurance agent about liability coverage and being bonded.
* Check with your lawyer about drawing up contracts and assessing your liability needs.
* Know how insurance agents and law enforcement officers want items to be inventoried in the event of theft.
* Give detailed reports and inventories to your clients and keep their records confidential.

Kinds Of Inventory Service

Inventory service is categorized into the different kinds, dealing with the different areas of inventories effectively. Home inventory service ensures the guarantee of full safety and peace of mind for the home owners. Home inventory services in Utah is well-reputed in providing the authentic inventories for the home owners. Retail inventory services are provided by the different dealers of inventories for the customers in the retail prices. Home inventory services online accommodate home owners to deliver all kinds of inventories for the home owners via internet so that they may be facilitated with inventory management services. Inventory management service is very sophistically catering the needs of the consumers by providing all essentials.

Food service inventory is accountable for the daily maneuvers of restaurants and other enterprises that set up and supply banquets and beverages to customers. In addition with synchronizing activities among diverse sectors, such as kitchen, dining hall and banquet operations, food service inventory ensure that customers are contented with their feast know-how. Moreover they supervise the inventory service and arrangement of food, equipment, and supplies and organize for the custom continuance and preservation of the restaurant, its equipment, and inventory management services. Inventory service Managers usually are liable for all of the managerial and human-resource purposes of administrating the business, counting recruitment of new employees and supervising employee presentation and guidance.