There is a lot of profit to be made in the pest control industry. As a seasoned company with over 80 years in pest control, the team here at Truly Nolen can say with conviction that this is a great industry to be in. But you don't have to take our word for it. Today, we're going to offer up some facts for you to consider. You decide whether or not it is profitable to not only start a pest control company but to invest in a franchise opportunity.
Pest Control Has Longevity
Fads come and go. Any company that is built on what is popular now can find that there is no profit to be had down the road. You would be hard-pressed to find a company that still rents VHS videos, DVDs, and CDs. Pest control is a business that is as old as the world, and it isn't going away any time soon. Homeowners, business owners, and municipalities will always need assistance with pest control.
Pest Control Is An Industry That Is Growing
We've seen a lot of pest-related news in the last decade. This has put pest control firmly into the consciousness of the general public, and it has been great for business.
Lyme disease has been getting a ton of press with this disease being linked to lifelong illness, and with the number of cases doubling since 1991.
Zika virus gave the United States a scare a few years ago. This brought to the foreground this disease which is spread by mosquitoes and can be very dangerous. Outbreaks can happen at any time.
At the turn of the century, bed bug infestations started to appear in the United States again and they have increased at an alarming rate over the last two decades. As the number of cases climbs, the number of news stories climbs with it.
Pest control is a growing industry, fueled by these and many other factors. According to a 2018 report by Rentokil, the industry generates $18 billion worldwide each year and is expected to grow by five percent over the next five years. If you're looking to make a profit, there are few industries that are able to outperform the pest control industry.
Pest Control Is Essential
When businesses can't operate, profits go down. While the pandemic did have a negative impact on the pest control industry, as it did many industries, certain commercial establishments still needed to be maintained to safety standards, and there was an uptick in property renovations, both of which kept the industry steady. That kind of stability is priceless. It pays to be considered an essential business.
Franchising Maximizes Profit
If you choose to invest in a franchise, there are many ways you'll be able to increase your profitability. Here are just a few to consider:
You won't have to navigate the complex, and often costly, process of establishing a successful brand.
You won't be wasting time and money attempting advertising and marketing ideas that just don't work.
You won't have to experiment with product vendors. You could have access to special vendor rates, rebates, and discounts, depending on what franchise you purchase.
You may have access to print-ready materials for your marketing, which can shave a lot of money off your advertising and marketing budget.
You won't waste time, money, and resources attempting to solve a complicated pest problem. You'll have access to experienced industry professionals who have probably seen what you're dealing with.
Need Help?
If you're in Kansas and you want to take the next step, we may have a franchise opportunity near you. Reach out to us today to find out. There is profit to be made, and this is a great time to invest in a pest control business. Let our team help you realize that profit.
