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Cool Business Ideas for Pet Lovers

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Looking for Cool Business Ideas Fueled by Your Love of Pets?

Keen minds have tuned into the booming pet industry that has been rapidly expanding in the last few years. The growth rate in the last five years has been over 30% with projections for the 2017 year ending in $69.36 billion. Why? There are tons of reasons for this expansion, but most importantly, there are a growing number of people out there just like you—they love their pets. The business ideas turned million dollar enterprises amplified onto the radar starting in 2015 with startup apps like Swifto, BarkBuddy, and Pooch.

For pet lovers looking to get in on the action and work alongside animals in a lucrative and fun-fueled career, the opportunities are nearly infinite.

What is one of the coolest businesses in the pet industry?

Owning a Pet Salon

Working with animals is an awarding experience. For a long time, there were only a few avenues to explore where a person could earn a substantial salary alongside animals. You could attend the four years of post-graduate schooling to become a veterinarian. Or, you could invest nearly a million dollars to open up a big box pet store. Now the playing field is even. Entrepreneurs can take their business ideas for the pet industry and thrive.

Owning a pet salon is great because it’s such a relaxed environment. Most dogs are content being washed and trimmed by professional groomers. Even the more timid dogs will warm up to kind hands. The best part about being an owner is you can be as hands-on as you choose. Usually, owners let the groomers do the grooming and the sales team takes care of building clientele. The goal is to eventually have your shop become self-sufficient, which leaves you time to chat with customers, play with their dogs, and work on the future.

With the right staff, and some hard work on your part, you can turn your business ideas into a profitable doggie penthouse.

Be Your Own Boss

Whether you’re a ‘Type A’ personality, or just fed up with bad management, capitalizing on your business idea could free up your time to dedicate to your ideas. This hindrance of corporate America is that unless you work for a really progressive company, chances are—you’re earning on their terms. Bad management strategies account for 70% of low employee engagement, according to a Gallup poll.

The same study shows only a mere 30% of employees are engaged at work. Gallup uses key metrics to survey employees on their emotional commitment to their companies organization and goals. When this engagement is low, productivity stifles. The reason this is so common—besides bad management—is because companies are failing to supply employees with the tools they need to maintain productivity.

Employees search for careers that can a provide job satisfaction. Work-life balance, location, schedule-flexibility, salary, and motivation are the factors that sustain job satisfaction. Owning a small business is a route that secures all these life arrangements on your own terms. Your success is contingent only on one person—yourself.

Passion fosters the work stemming from your business ideas that will gauge how successful you’ll become. Being your own boss empowers you to structure your own life.

Franchising Trends

As the pet industry continues to grow, the number of pet franchises is sharing the growth. Every franchise package is different. Some offer mobile pet grooming, live animal selling, retail, grooming, and everything in between. In large cities, upscale pet boutiques are proliferating. These boutiques feature unique products like designer pet strollers and rhinestone encrusted tiaras for pet owners looking to really spoil their pooches.

The mobile grooming franchise is also gaining traction. This model brings all the convenience of grooming right to pet owners’ house. The entire arsenal of tools pet groomers need is set up inside a commercial van. The only downside is that mobile grooming fails to take advantages of retail opportunities and other hidden costs of being mobile.

One of the strongest dynamics is combination package of having a hip pet salon combined with retail space that supplies progressive products for pet owners. Pet salons are popularizing. Many pet owners are tired of pet groomeries that reek of wet dog, have outdated modeling, and mediocre service.  On the contrast, Pet salons offer all the chicness that an extravagant human salon offers—space designed for relaxation.

As Eco-friendly products become more available, many pet salon franchises are supporting the green cause. A pet retailer can provide more high-quality products that last longer and are made with recycled materials. Cycle Dog, a pet collar made of old bike tires, is an example of one of these awesome products. Cycle Dog’s whole product line is made from recycled materials, crafted with the Earth in mind.

Owning a pet franchise that betters the world, conveniences their clients, and helps reduce the carbon footprint is an amazing way to forge cool business ideas.

To know more about some of the business ideas happening at Splash and Dash Groomerie & Boutique, click here.

 

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Trends You Should Know with Low Cost Franchise Opportunities

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When it comes to low-cost franchise opportunities, it is important to note that the pet industry is one of the best places you can be. Not only will you find lower startup and maintenance costs than just about any other industry, which also allows for greater income potential. This is why it is helpful to know a few of the trends with these low-cost franchise opportunities.

Wearable Tech

Just as wearable tech is huge for people, it is also becoming huge for pets as well. In fact, a report released by ID Tech Ex shows that wearable pet tech sales should reach $2.6 billion a year within the next 10 years. The wearable tech gives pet parents the ability to know more about what is going on with their pet and tracks their stats with a mobile or desktop app much like the FitBit app for humans.

People are Paying More for Pet Food

Another trend worth noting when you are looking for low-cost franchise opportunities is that people are spending more on pet food than ever before. The figures on pet food have been on the rise for a while and are set to rise by 3% to 4.5% over the next couple of years. This is because people have embraced healthier foods for their pets. More people than ever are focused on wellness for themselves as well as for their pets. Paying more for high-quality dog food means that the pet will be around longer and in better health.

pet-store-franchises-for-salePet Services are Hot

When looking at low-cost franchise opportunities that pet service franchises are hot at the moment. There is a definite shift towards focusing on the pet and how people can improve the quality of life for pets. This is why many pet services are flourishing right now. People want services that pamper their pets and make life easier for them.

The Boom in Economy
At the end of the day, most people looking for low-cost franchise opportunities want to know how much money they can make. While there are many aspects that go into this, understanding where the economy is projected to go can help with this. According to a report from Kipler, the pet industry is forecasted to continue to grow at a rate of 3% per quarter over the next year. While 3% may not sound impressive, when you are looking at a $73 billion industry, it is easy to see the difference 3% can make.