Chris do you have ten other examples of companies that are doing color correction full time?
Yes, Mikey. We've got 222 people in The Dye Lot that are offering carpet & rug dyeing services. Within that group we have more and more people that are getting out of cleaning work altogether because of the amount of physical labor involved and the cost of the equipment, not to mention the heavy competition. For most of them it's not so much the physical work involved as it is the profit margins. Having a niche service (whatever it is) will
always result in more money.
Some of the people who take our training do so because they want to make color repair an add-on service. Others do so because they want to focus exclusively on full room dyeing and/or ColorCleans. Still others want to focus exclusively on Persian Rug color restorations.
One of the things that I frequently hear people say is that there's not much color repair work out there. That's true… If you haven't developed the market and advertise the services. You certainly can't expect to get calls for something that you don't advertise.
We spent many years developing our market and now stay busy FULL TIME. As with any business, it will take several years of developing the market in order to stay busy with work booked out months in advance at all times. But the reward for doing so is tremendous. Especially with the profit margin is afforded by having a niche service.
One can certainly make money cleaning carpets. But the profits in carpet cleaning will never compare to color repair because it's a maintenance service, not an alternative to replacing an entire carpet. We are about 75% commercial. The majority of our work is repairing color damages caused by cleaning and janitorial companies. We also do a tremendous amount of work for carpet manufacturers.
Here's a scenario to consider:
The major carpet manufacturers such as Mohawk, Shaw, Masland, etc. all have need of individuals who can perform color repair services such as correcting mismatched colors at the seams of new carpet installations. Manufacturers often have to rip out vast expanses of brand new carpet because of dye lot disparities, causing mismatched color at the seams. Our company, Colorful Carpets, recently corrected a large seam match job in Washington, DC in a law firm where over 12,000 square feet of carpet had mismatched color at the seams. We charged $20,000.00 to correct the issues and completed the entire job in one 10-hour day. Our total material cost on the job was $28.00 So why would the manufacturers be willing to pay this much money for a day’s worth of work? Simple. Their alternative would have been the following:
Pay someone to rip out all newly-installed carpet
Pay someone to scrape all of the glue off of the concrete floors.
This alone would have taken over a week to complete
Pay to have all carpet that’s been removed hauled out, loaded in a truck, and taken to a landfill (where they have to pay to dispose of it). Also, bear in mind that the carpet is non-biodegradable, so it just “sits” in the landfill.
Run an entire new production of carpet and hope that they don’t have the exact same issue again with mismatched seams
Pay to transport newly-produced carpet to job site
Pay to have new carpet cut and installed (glue down)
Wait for client’s approval for new carpet appearance
Deal with unhappy dealers and end users for excessive time that was required to resolve the issue and complete the renovation.
As an alternative to all of this, the manufacturers can get the issue resolved in a timely manner at a fraction of the cost of having to rip out and replace all of the carpet.