Business At A Glance
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes
Business Overview
Operating your own nanny placement service can be a magnificent way tobuild a prosperous business. Nanny services are in high demand, andbusy parents often have no choice but to pay the costs associated withhaving a nanny care for their children. There are three major roles tobe filled by a nanny service. The first is locating parents who areseeking the services of a professional nanny. The second rolse is thatof an employment screener.
You’ll want to carefully examine thenannies’ resumes, and carry out reference and background checks to makesure they’re suitable candidates. The third task is simple: placequalified nannies with parents who seek their services. There arevarious ways to charge for nanny placement services. A one-time feepaid by the parents is the simplest and most straightforwardrenumeration option. There are other options, such as a percentage ofthe nanny’s wages, but this can be complicated and even lead topotential liability situations.
The Market
You will need to attract both nannies and parents to your service. Your service will likely do better in an affluent area.
