Since professional organizing is growing as a profession, it has become a lucrative business venture. Some professional organizers may enjoy a high level of success and profitability, others may find that their earnings are more modest. The following overview will explore some of the factors that can impact a professional organizer’s business profitability.
Professional Organizing Industry Overview
The professional organizing industry is expected to grow by 6% from 2019 to 2029, according to the U.S. Bureau of Labor Statistics (BLS). Growth in the industry is largely attributed to the increase in demand for organization services from both businesses and individuals. The ever-growing “clutter culture” is also driving the need for professional organizers.
As the industry grows, so does the number of professional organizers. In 2019, there were an estimated 46,000 professional organizers in the United States. This number is expected to rise to 60,700 by 2029.
Profit Potential of Professional Organizing
The profit potential of a professional organizing business depends on a number of factors, including the size of the business, the number of clients served, the geographical location, and the type of services provided.
Generally speaking, professional organizers can earn a good living. The median annual salary for a professional organizer is $60,770, according to the BLS. The top 10% of earners in the profession make an annual salary of $81,880 or more, while the bottom 10% earn an annual salary of $29,390 or less.
However, earnings can vary greatly depending on the size and scope of the business. For example, a small home-based business with just a few clients is not going to generate the same level of income as a large commercial operation with many employees and hundreds of clients.
Factors that Impact a Professional Organizer’s Business Profitability
There are a number of factors that can impact a professional organizer’s business profitability, including:
- The size of the business: As mentioned above, the size of the business is a major factor in determining earnings. A small home-based business is not going to generate the same level of income as a large commercial operation.
- The number of clients served: The more clients a professional organizer has, the more money they will make. A professional organizer who only works with a few clients is not going to make as much money as one who has a large client base.
- The geographical location: Professional organizers who work in large metropolitan areas are going to make more money than those who work in small towns or rural areas. This is because there is a greater demand for organizational services in large cities.
- The type of services provided: Professional organizers who provide specialized services, such as estate planning or green organizing, can charge more for their services than those who provide general organizing services.
Conclusion
Professional organizing is a lucrative business venture with great potential for growth. The profit potential of a professional organizing business depends on a number of factors. However, earnings can vary greatly depending on the size and scope of the business. The more you invest and work at the business, the more income likely you are to earn.