Start home improvement business and discover the potential to becoming highly profitable, particularly for entrepreneurs who possess the necessary skills in home renovation, restoration and repair.
There are several options to choose from when you start home improvement business.
For example, you may start out as a "consultant," whereby you could offer useful, home improvement ideas for a fee.
The most common option to start quickly and easily is that of the handyman, as good handy man services are always in high demand. In fact it they are so in demand that there are plenty of franchises out there offering the opportunity. While to start home improvement franchise maybe a good option for you, remember that, any franchise has both benefits and costs. You will pay a hefty price as an initial investment and ongoing franchise fees if you sign-up with a big national handyman franchiser. It is not necessary to own a handyman franchise to be successful in the growing home repair industry.
Building this type of home improvement business is one of the easier to start because you can actually do it while still working another job. If you are good at what you do and have the ability to get the word out, you'll be quitting that other job in no time. Advertising can be very expensive, so this article will focus not only how to start home improvement business in low cost ways to let people know you are in business. Read on to learn how to start home improvement business today.
Start home improvement business and discover the several tangible and intangible benefits. Successful completion of a project will not only further sharpen your skills, but will also give you a sense of achievement and the confidence to undertake further, possibly more complex, projects.
• Low start-up costs.
• Relatively simple to start.
• Ability to be your own boss
• Doing something you enjoy.
• High customer demand.
• Ability to start-up and do part-time.
• Home repair is a large and growing market.
Name your home improvement business. In order to find the perfect business name to start home improvement business visit our business name ideas page. To begin you can operate as a sole proprietor or on a self employed basis however as you grow it would be best to consider using some form a corporation. There are some tax and liability advantages with some forms over others, depending on your situation and should be discussed with an accountant.
In some counties to start home improvement business, you will have to be licensed. I have worked in the UK doing home improvement fitting kitchens etc where it is required that you have certain qualifications to carry out electrical, plumbing and building work. Once the qualification is gained you it is then best to gain membership of the suitable body where your skills are assessed. For example the members of the NICEIC Building Regulations Schemes are authorised to self-certify their work without hindrance from Local Authority Building Control. This saves your customers both time and money when undertaking work that requires notification under the Building Regulations.
Set up your bookkeeping. You should get a software program like QuickBooks and set it up to your type of business. If you plan on using an accountant to do your quarterly and end of year taxes, ask them how they would like it set up. That will make your and their job easier at the end of the year. Keep all of your receipts and record every penny you spend, including your licenses, advertisements and tools. If you are working out of your home, there are certain deductions for the room and electric you use.
Start advertising. In the past most people, when they need a repair job done, looked in the phone book while this is still true for some people there is a growing trend to use Google. So make sure you use both methods.
|Tip: In Google's AdWords, there is a Local Business Center. You create local business ads to promote your specific business through a combination of Google Maps and AdWords paid search advertising. When you create a free local business center listing (which consists of the business name, address, phone number, hours of operation, payments accepted, relevant business categories, and the like), you can promote your business through a special location-targeted Sponsored Link.|
Try to budget for a small box ad in the yellow pages and make sure they report to yellow pages.com. Word-of-mouth is the next strongest way to get you name out. Homeowners satisfied with the quality of your work, will almost certainly recommend you to others. Publicity, generated through word-of-mouth, will be invaluable for the development and success of your business in the long run.
Have some business cards made up and give a bunch to all your friends and family to hand out for you. In many home improvement stores they have a place for local business to advertise Make up fliers and door hangers and hand them out or put them on doorknobs. You can even make postcard on your computer. Go to the tax rolls of a certain area and print out address labels. Stick them on the postcards and mail them out. You can also advertise on Gumtree.
Find out how quickly your customers want their jobs done and plan them accordingly. Do free estimates and price your jobs fairly or slightly under the competition. Always act professionally and ethically. Do the job better than any one else and you will gain trust and repeat business. Soon, you'll be busy and successful and customers will be calling you around the clock.