With over 40-million Baby Boomers continuing to age, the trend shows that in the next decade the over 65 age group is going to increase by another 35-percent. What this means is that the time is right to launch a senior concierge business.
Plus, since start up costs are minimal and there is no formal training required, you can be in business quickly and tapping into this growing potential customer base long before you could in any other new business venture.
What makes a senior concierge business viable is that the client base requires the service. As seniors age they lose mobility and slow down. This makes tasks that were once simple, even more difficult to complete. With some of those tasks requiring having to leave the home, and with many seniors forfeiting their driver’s licenses on doctor’s orders, there is an opportunity to fill the gap.
The errands one may take for granted now become essential lifestyle activities for seniors and can be as simple as picking up mail to dropping off and picking up a pet from a vet’s office to grocery shopping or general house and yard chores. Any activity that now requires assistance is what you can benefit from as a seniors concierge service provider.
What You Need
While it is obvious that there is a need for such a service, will it be the kind of work you would be interested in? If you have the right personality, a genuine desire to help someone else and the flexibility to do many different things for several different clients, then this could be right for you. You will need organizational skills, patience and understanding to excel at this business opportunity.
The bottom line is also attractive. It is not a job where you will make a pile of money right away, but it will generate the kind of income you can live on and if you are busy enough, you can run it part-time or full-time. You can run it as a solo operator or have an employee or two. The amount of business will dictate how much your business will expand.
What You Get
Generally speaking, the average hourly rates for this kind of business are between $20 and $35 with the national average hovering at $26 per hour. The specific market you are in will have a direct effect on the hourly rate but if you were charging $26 per hour and worked a 40-hour work week, you would generate a total of $1,040 per week. Working part-time at 20-hours per week would generate $520 per week or $2,080 per month.
The simplicity of breaking into this line of work makes it attractive as does the ongoing demand for the services which makes it virtually a no-brainer. Without having go to school for years to earn some form of accreditation, costs are already reduced as all you basically need is a reliable vehicle and a phone.
You can tap into the demographic requiring your service by making connections at the local seniors center or through seniors organizations. Newspaper advertising, posters, business cards and word of mouth will add to your regular clientele. It’s not a hard venture to begin and it is one that will be very rewarding. You will assist in giving back some level of independence to several of your customers as well as make new friends.
You will be providing an essential service and feel appreciated for doing so. A senior concierge business could be the most successful business you have ever been a part of.