Did you know it is estimated that there are around 91,120 handymen and women in the US? People will always need repairs, meaning this is an industry where you will never be out of work. But how do you go about starting up on your own?
If you want to become your own boss, then we can help. Read on as we give our guide on how to start a handyman business.
Know Your Skills
One big mistake when starting a handyman business is to try and do everything. You really don’t need to be able to do every task. In fact, it can sometimes be more profitable to make sure you advertise very specific services.
You may also be limited by state legislation. For example, you may need a license to do HVAC repair in the state and not have it. However, even without specific licensing, you can still attract a lot of business.
Stick with what you already know. From here, you can gradually grow the services you offer.
Once you know the services your startup business will offer, it is time to organize the legalities. The first thing you will need is a business registration. The process for this will vary from state to state, but it should not take too long to figure out.
After this, you will need to upgrade your insurances or purchase new ones. This will keep you safe if any problems do occur. You can then also advertise that you are licensed and insured.
Know Your Market
Once you have set up, you need to try and define your customers. This can help inform your marketing later down the line. One of the biggest mistakes, when you start a small business, is assuming that anyone and everyone will be your customers.
Decide if you are targeting commercial or residential customers. From this, work out their demographics and price accordingly. For example, targeting retired people in affluent neighborhoods will be different from working for landlords who own student accommodation.
Market Your Services
If people don’t know about your business, then you won’t get customers. The best advertising is word of mouth, but this takes time. Luckily, marketing yourself has never been easier.
Start with a local approach, advertising in neighborhood groups and media. After this, go online, listing your business on search engines and social media. This “7 New Marketing Strategies For Your Handyman Business” may be able to help.
Purchase Tools When Needed
The biggest cost when starting out will be a van. However, you can keep other costs down by using the tools you already have. If you purchase bigger items as you need them, you will prevent yourself from buying large items at the start that you never need.
The Best Time to Start a Handyman Business
There is never a better time to start a handyman business. Create a business plan, know your audience and competition, then organize your legal affairs. You could be your own boss before you know it.
If you enjoyed our article, then visit the rest of our blog. We have everything from finance to marketing to help grow your new venture in the coming year!