How To Start a Profitable Handyman Business. In this article, we will show you how to start a profitable Handyman business. Handyman business can be surprisingly profitable if set up correctly. Now, never call yourself a Handyman because your price might drop. Instead, use something like a contractor, Carpenter, home improvement specialist. Etc.
A handyman is someone hired to do manual work like repairs and painting. You can generate a six-figure income offering essential handyman services like fixing doors, repairing fences, hanging pictures, and other simple functions. The good thing about this business is that it can be done from the comfort of your home, garage, or small office space or shop depending on your financial strength.
In this article, we are going to walk you through five steps of starting a profitable handyman business that brings you the freedom that you’re looking for; if you follow these steps, you will be able to create a clear plan that will guarantee your success.
How To Start a Profitable Handyman Business
Why party Handyman Business
- The business presents you with the opportunity of being your own boss.
- Opportunity to network.
- A handyman business is a source of income.
- It can be done from your garage or small shop.
- You can run the business part-time.
1. Choose your services or Nice.
The first step you must take is to evaluate your skills and decide on the services you will be providing. Depending on your expertise, determine if you’re going to do kitchen remodels or bathroom remodels, or you are going to be focusing on small repairs, like hanging pictures, fixing doors, fixing fences, replacing faucets, and changing toilets. You must ask yourself these questions: what services do I want to provide? What services am I good at; these questions must be answered before you can launch your handyman business.
You can generate a very healthy income by offering a limited range of services. In many cases, it’s more profitable to provide more than one function; it will increase your chances of getting more customers. Look at other businesses that are similar to a handyman business like garage door repair, companies lawn care, companies locksmiths to home security installers, gutter cleaning companies all these are handyman business that can create massive income.
2. Learn the local handyman laws
Depending on your country, the requirements are different in every state; before you get too excited about the list of services you just created, it’s time to do some research on the contracting laws in your country or locality. You need to find out what services you can and cannot offer without a license, or you need to figure out what license you need to provide the services you want to deliver. In doing this, you will avoid government or any agency of government interference in your business.
Another step you may need to look into is your customer base. The customer is the life wire of any business. The survival of any business solely lies in the customer of the company. So you may need to figure ways of getting customers that will pay you well for the services you offer. To do this, you need to design your business around helping to satisfy your customer’s needs; when you meet your customer needs, you will always get a referral, so think of satisfying one customer first before moving to another.
4. Set your pricing
Another thing you need to do is to set your pricing. You need to figure out how much you’re going to charge, and I’ll be honest here deciding how much to cost is one of the most challenging parts of starting a handyman business. If you are starting up, you may look for what others in the same line of business you are doing charging. You may decide to start with a low price for the first one or two months to enable you to gather customers or maintain the same price arrange as your competitors, and you need to be good in your craft to be able to do this. The choice is yours.
5. Marketing Strategy
The most crucial aspect of any business is the marketing strategy. To be able to break into this kind of business robust market plan. At this point, you should have a good idea of the services you’re going to be providing, who you’re going to provide those services to, and how much you’re going to charge for your time. Now the next step is to figure out how you’re going to reach your ideal clients and convince them to hire you, so it’s time to put together a marketing plan. The good news is that as a handyman, you’re going to be in high demand if you know what you are doing.
Every business has its ups and downs. In handyman business, finding customers won’t be too challenging depending on the service you’re offering. The thing is that there are a lot of handymen out there doing the same functions as you, a lot of them have low prices, which you’re going to have to deal with but don’t worry there’s more good news and that’s most handymen are terrible marketers. Just study the market, bring more creativity into your work and map out a perfect marketing campaign, and you are in business.
You need to figure out which marketing methods are going to be the most effective and have the highest return on investment. So sit down and study your ideal client’s behaviours so you can come up with the best methods for promoting your handyman business and gaining those specific customers so depending on what services you’re offering.
Your marketing plan is going to be a little bit different, so if you’re targeting real estate agents, you have to do rigorous networking. Make friends with some estate agents so they can always refer you to their clients. You also need to build a website and do some basic SEO and print business card to hand out to people. You also need to printout some handbill to advertise your business to people; you may choose to place them in a strategic location where people can see and read about your business. You can also home targeting homeowners.