Our Fast Tree Care success has people asking
"What other high ticket home services would crush?"
Luckily, I LOVE studying this stuff!
The below 36 ideas fit this mold:
- High ticket
- Growing industry
- Can be subbed out
- Scalable via growth hacking or ads
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1. Geothermal Heating System Install & Maintenance
Good: Eco-friendly, long-term savings for customer.
Bad: Specialized skills, very regional.
2. Green Roof Installation
Good: Eco-friendly, growing trend & niche.
Bad: Specialized skills, regulatory hurdles.
3. Pond Install & Design
Good: High-end market, low supply.
Bad: Niche, maintenance-heavy, somewhat regional
4. Crawl Space Encapsulation
Good: Health benefits and $ savings drive demand.
Bad: Unpleasant work, specialized skills, labor issues.
5. Safe Room Installation
Good: Safety concerns drive demand.
Bad: Specialized construction, permits needed.
6. Dock Installation
Good: High demand in lakeside homes, good margins.
Bad: Seasonal, location-specific.
7. Septic System Overhaul, Install & Maintenance
Good: Essential in rural areas, low supply.
Bad: Dirty work, specialized skills & licensing required.
8. Wine Cellar Installation
Good: Luxury market, high margins.
Bad: Niche market, sensitive to economic downturns.
9. Sauna, Cold Plunge and Steam Room Install
Good: Growing wellness trend, high-end market.
Bad: Specialized knowledge needed, luxury item. Fad?
10. Elevator Installation
Good: Aging population, adds home value.
Bad: Regulatory hurdles, high liability.
11. Fire Sprinkler Systems
Good: Safety regulations can drive demand.
Bad: Requires specialized knowledge, local codes vary.
12. Generator Sales, Maintenance & Installation
Good: Increasing weather events drive demand.
Bad: High startup costs, permits needed.
13. Home Energy Audit
Good: Eco-conscious trend, upsell opportunities.
Bad: Requires specialized equipment, customer education.
14. Soundproofing Rooms
Good: Growing home office trend, upsell potential.
Bad: Specialized materials, niche market.
15. Smart Irrigation Systems
Good: Water-saving, eco-friendly.
Bad: Tech can become outdated, customer education.
16. Custom Playset Installation
Good: High demand in family homes, customization.
Bad: Seasonal, safety regulations.
17. Chimney Repair
Good: Essential for safety, seasonal demand.
Bad: Dirty work, skilled labor required.
18. Skylight Installation
Good: Adds home value, popular in high-end homes.
Bad: Weather-dependent, skilled labor.
19. Smart Home Integration
Good: Growing market, tech-savvy customers.
Bad: Rapid tech changes, customer education needed.
20. Outdoor Kitchen Build
Good: Popular in warm climates, high profit.
Bad: Seasonal, dependent on housing market.
21. Home Theater Setup
Good: High consumer interest, can be very profitable.
Bad: Luxury service, sensitive to economic conditions.
22. Custom Cabinetry
Good: High margins, customization allows for upselling. Very low supply.
Bad: Skilled labor required, sensitive to housing market.
23. Home Automation
Good: Growing trend, high consumer interest.
Bad: Tech changes fast, customer education needed.
24. Solar Panel Install
Good: Growing market, government incentives.
Bad: Requires specialized knowledge, initial cost is high.
25. Home Security
Good: Recurring revenue from monitoring.
Bad: Competitive, tech can become outdated.
26. Landscaping
Good: High demand in affluent areas, creative work.
Bad: Seasonal, labor-intensive.
27. HVAC Systems
Good: Essential in many climates, recurring maintenance.
Bad: Technical expertise needed, competitive market.
28. Pool Installation
Good: High-profit margins, upsell opportunities.
Bad: Seasonal, high startup costs.
29. Electrical Upgrades
Good: Necessary for older homes, high demand.
Bad: Requires licensed professionals, regulatory hurdles.
30. Plumbing Overhaul
Good: Essential service, can charge premium rates.
Bad: Dirty work, requires skilled labor.
31. Flooring
Good: Wide range of materials can increase profitability.
Bad: Labor-intensive, competition from big-box stores.
32. Home Renovation
Good: Always in demand, can be very profitable.
Bad: Labor-intensive, sensitive to economic downturns. Very complex.
33. Pest Control
Good: Urgent need drives quick decisions. Very recurring.
Bad: Seasonal, can be unpleasant work. Licensing.
34. Foundation Repair
Good: High ticket, not optional for homeowners. Referrals from realtors.
Bad: Requires specialized skills, liability risks.
35. Roofing
Good: Essential service, high margins.
Bad: Seasonal, requires skilled labor. Lots of competition.
36. Bee Removal
Good: Few competitors, can resell the bees.
Bad: It's bees. You're working with bees.
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Hope this helps someone brainstorm or launch an idea. There's nothing cooler than getting a DM saying that someone took action based on a post of mine!
We might host an in-person bootcamp here soon in DFW to teach others how to launch a high ticket home service biz, like our tree biz. DM if interested.
Did I miss any high ticket ideas?
My insecure self likes to see follower numbers go up so please follow me @mhp_guy. Just because this is in your feed doesn't mean you follow me!
Will do a writeup on some of these ideas in my newsletter at MHPguy . com. Enjoy!
I'm consulting a guy buying land for an RV park outside of a state park, and I thought I'd put our whole process out there for the world to see.
This works for glamping sites too. Here is our exact process, with Texas as an example:
1. Get a list of all state parks by annual visitors. Just Google it and paste the results in a google sheet.
2. Now use a scraping tool to scrape all RV parks from Google Maps in the state. There's a link to my favorite cheap tool in the first comment below.
You want to do it by the cities or counties near the state parks you're targeting, or all of them, depending on how much time you have.
You'll want to remove duplicates but search both "campground" AND "RV park" terms.
If I were you I'd do all of them in the state. Actually, maybe I'll just send my email list this compiled data when my assistant is done. (mhpguy . com to join).
3. Now find the population sizes of those same areas.
You want this because your RV park needs long term tenants too, not just nightly. Put those numbers in another column. You can get this from wikipedia, copy/paste.
4. Now go to Airbnb and Hipcamp and search for camping and/or glamping sites in those same areas.
Yep, add it to another column.
5. Now for the fun part: find the averages and then find the supply/demand imbalances.
Let's say there's 1 RV park for every 10,000 visitors as a baseline.
Or 1 glamping tent for every 5,000 visitors.
Find the underutilized areas!
Ideally you find an area that is underutilized for both so you can have RV on one half of your property and glamping on another.
Make your own formula and run with it.
6. Now find some property to buy. If you want to look off market, I have a bunch of old threads on that on mhpguy . com
But if you buy in the right area, it won't matter so much that you save 5-10% on your basis.
Want to mitigate risk? Do a lease purchase agreement and start with glamping only. If demand is weak then you aren't on the hook.
If it's strong then you buy the property and triple down.
Be sure to check for zoning before pulling the trigger, but it usually isn't a problem in these far flung areas.
There are 6,600 state parks out there. Room for everyone!
7. Call up the parks in your target areas and ask for pricing and capacity.
Are they normally full or empty? When? Is it seasonal?
It's shocking how many questions people are willing to answer. Keep pushing.
Waitlist? Bingo.
But just because a park is full doesn't mean it's because of demand, it may be because their prices are too low.
BONUS:
Look for news articles talking about the fastest growing state or national parks.
AKA the velocity of park visitors growing year over year isn't the same as just the number of visitors.
Find land on a main road with lots of trees. It's cheaper to take out trees than it is to plant them and wait a decade.
Visitors want trees, and water of course. Super extra bonus points if there's even so much as a creek. Pay 20% more for that and shout it from the rooftops in your marketing.
Get your website and ads cranking before you close. Starting gathering emails.
Be sure to differentiate between an RV campground vs an RV park.
Campground = higher touch, more amenities but often more profitable.
RV = lower touch, low amenities but less profit.
It all depends on what you're optimizing for.
You can use this same logic to buy an existing park.
This whole process will take an afternoon and can make you millions. Worst case you own land. Best case you have a cash flowing asset for years to come.
Follow @mhp_guy for more gems like this because I'm insecure like you and want more followers.
SOCIAL EXPERIMENT: I just cloned my voice to see if AI could passively grow a podcast for me. Wild, right?
Why/how?
One day I'll launch a "real" podcast, but I wanna practice first. **AI enters the chat**
I'm up to 300 downloads in 6 hours! Here's exactly what I did:
1. Find a tool to clone your voice. I used Wondercraft. They just need a 60 second recording. 60 seconds later and I'm done.
2. Upload a script. What do you want your robot clone to talk about? Upload it to Wondercraft as well (no affiliation, there are other AI Podcast tools out there as well)
3. Profit!
Jk on #3, you need to do a few more things first, such as:
1. Remove all symbols such as $ and %. Your robot will trip over them. Ex: swap out $150,000 with "a hundred and fifty grand."
2. Add in "purposeful" pauses wherever you want. You can do this with:
Ellipsis (ββ¦β)
Simple dash (β-β)
Em sash (βββ)
Semi colon (β;β)
We used em sashes. That's a new word for me, BTW.
3. Give it a thorough listen for any weirdness before finalizing. I don't drop F bombs, for instance, so I need to take those out.
"Identity theft is a crime, Jim!" - Dwight Schrute
I forgot to take them out on one ep, BTW, so still working on that one. Sorry, mom! No more.
4. Then find a tool like Buzzsprout to publish it and get good analytics.
Here's my exact plan:
1. Upload 5 episodes, tweet about it once (this tweet), and then upload 1 episode/day for 30 days. If we are rocking and rolling in 30 days and I think it's monetizable, then this becomes a thing and we keep going. Otherwise, we jump ship and sacrifice our mp3s to the digital gods. I'll tweet about it again in 30 days.
2. What is the podcast? It's called Startup Gems. We curate cool growth hacks and startup stories from all corners of the internet and publish one/day. They are 8-15 mins long. It's something I'd listen to, so why not others?
Look up Startup Gems on your favorite podcast player and tell me if it sounds like AI. It's FREAKY! It sounds real. My own wife said it's 70% me and 30% a stranger.
It captures all kinds of pauses, exhales and intonation changes. And I only uploaded 60 seconds!
If you upload more it'll be even better.
I made it live this morning and we are over 300 downloads already!
I'm using an intern to source the cool stories and do the uploading. It should take about an hour per episode.
How many podcasts will be real in 5 years? Does it even matter?
How is this a social experiment? Well, I want to see how many listeners pick up on it without knowing it's AI beforehand. It's also a biz experiment, because that's my favorite pasttime.
More details below
@CoFoundersNik One downside might be that medspa's growth is another ZIRP. If the economy crashes, incomes get hit, won't these things be the first to get cut from discretionary income?
@mhp_guy I didn't learn this until I was at least 30. I thought an annoying seller was a waste of my valuable time. Man how many deals I must have lost out on...