Explore the Multitude of Relocation Service Business Ideas

Business Overview:

If you are highly organized and looking to start your own business, you should consider starting a relocation service working with corporations worldwide. A relocation service helps employees move their families and their belongings to another city or country following being newly hired or promoted. Typically the new position comes quickly and there is not enough time or resources for the individual to make all the arrangements necessary to make the move. Relocation services are usually handled through a company’s human resources department and then outsourced to a third party relocation business. With companies doing everything they can to get the right people into the right positions and get them working as quickly as possible, a relocation service is a great business idea to consider. If you have any experience in event planning, this type of service should be easy for you to pick up. Or, if you would prefer, you can hire trained relocation specialists to work for you. And since all of the arrangements can be done over the Internet and phone, this is the perfect online business idea for you to run from your home office. Corporate relocation services are similar to other types of move managers, but you will be dealing with issues like obtaining visas, finding schools for the employees’ children, helping the spouse find a job and arranging language training if the job is overseas. If you market your new business to international corporations, you may be able to become the exclusive relocation service used by several companies. You may need to hire more staff to help you keep up with the demand.

A Day in the Life of a Relocation Service Business Owner:

Your day will begin with a check of any new relocation requests. You will contact the company and the employee and get all the information you need to start making arrangements. Next you will get back to work on any on-going relocations. You will follow up with realtors, schools and government offices to check the progress of various searches and requests you have submitted. Finally, you will follow up with any recent relocated employees (and the companies they work for) to ensure the move went smoothly and your clients are happy.

About Your Customers:

Your customers will be corporations who need relocation services for their employees.

What You Need to Start:

• Relocation experience or a skilled staff
• Marketing plan
• Excellent customer service and time management skills
• Computer with finance software

The Good:

• Start-up costs are low.
• Corporations will pay top dollar for excellent relocation services.
• You are likely to get repeat business if your clients are satisfied.
• You can easily run this business from home.
• You can hire a staff to help you when demand becomes more than you can handle alone.

The Bad:

• You will need to be patient while you build your client list.
• Making all the appropriate contacts will take some time.

Resources:

• Association of Relocation Professionals
• EuRA
• Society for Human Resource Management
• Wikipedia on Relocation Service

About The Author

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