Is Pet Sitting Profitable? Of course it is! If you know what you are doing.
Although if you are a pet sitting business owner who has a staff, paying them 60 – 70%, after you add in taxes and expenses, it may be COSTING you money to have your business.
I always chuckle when I run down the cost of one pet visit with a coaching client and we get down to “So, you are actually only making $4.00 a pet sit. Is that what you really want? You can go work at McDonald’s and get health benefits right away! Or even Starbucks!” At that point, I can see the proverbial light bulb above their head as they say, “OK, I don’t want to work at Starbucks of McDonald’s . I want to make this work. How do I do that?”
Success story: Julie Frederick, from The Pet Sitter Of Boise actually paid off her house last year by pet sitting! No mortgage. Can you believe that? She got serious about the business and put it to the grind.
I know one pet sitting business owner who generate over a million dollars! So forget the whole, I want a six-figure company. What about a million dollar company? In fact, there are many who have accomplished this!
Fact of the matter is – If you know what you are doing, you can do anything. What makes you different from the pet sitter on the list below you in the yellow pages? Or care.com? Do you know what your profit margin is? Do you know what your cost of goods sold is? Do you know how much you can afford to discount? Knowing these numbers can make a drastic change in the knowledge of how you need to run your business.
Your whole life needs to be documented in order for this to happen. A good book keeper can take a HUGE weight off your shoulders. Then, you can know what you are spending your money on, how much you are saving, and if you are making the money that equals happiness in your life.
It doesn’t matter if you have a lemonade stand, or are Donald Trump. If you do not know about the finances in your business, you don’t be around for a long time. So, what are you going to do? Will you make emotional decisions or mathematical decisions?
If you would like to really break it down and learn how to get a grip of your pricing STRATEGY and structure, I have a super course that walks you through it all.