Handyman businesses offer various home repairs, depending on their expertise and the client’s needs. This could include but isn’t restricted to the outside and inside trade skills repair, maintenance, and maintenance. here is a complete guide on How To Start A Handyman Business?
Know the Pros…
Alongside using your skills as a handyman, fix-it-it-passion, and jack to assist others, you can reap these advantages of starting a handyman-related business:
- Your starting cost is minimal if you already have the required equipment and tools.
- It’s an excellent opportunity to begin your business in a part-time way.
- You could earn huge returns.
- The overhead expenses of your business are typically minimal.
- Referrals and word-of-mouth are excellent marketing tools in the world of business.
- There’s the possibility to become a specialist, for example, working only on behalf of real estate professionals or with home remodeling.
- You can concentrate on residential and commercial services.
- Opportunities for the franchise are to be found.
…As Well as the Cons
A few of the difficulties of starting a handyman company are:
- You must be in good physical shape.
- Certain aspects of your work could be seasonal.
- Certain areas have licensing requirements. It cannot be accessible because you must meet specific standards.
- It takes time to establish a lucrative customer base.
- You will require extensive knowledge and expertise regarding building, remodeling repairs, and maintenance.
- You require a complete set of reliable tools for your work.
- You might require an official company license or, in case of liability, and you must be secured in some cases.
- You might require a contractor license.
Your business will flourish if you’re a handyman, handywoman, or handyperson. Here are some reasons why:
- Around 88% of America’s million homes are at least 20 years old. Older. The remaining 40% of them are at least five years older. Repairs and upgrades are an integral norm when you own an older house.
- Uncertainty in the coronavirus pandemic is why more people work from home and spend their travel funds to improve their homes.
- A growing number of millennials are purchasing homes and would like them to be renovated according to their requirements.
It’s not surprising that by 2022 the sales of home improvements are predicted to explode by 465 billion. That’s a lot of assemblies, painting, flooring, and plumbing, and replacing.
How To Start A Handyman Business
Whether you’re starting from scratch or have been in the business for some time, It’s beneficial to consider ways to keep your company competitive and make as much money as feasible. We’ve compiled 17 ways business owners who are handymen can establish their business to succeed. The best part is that none of them will cost you a cent!
Put Together a Business Plan
A business that isn’t backed by having a plan for the company is like going out on a journey without a destination. It’s great to be spontaneous and adventurous when you’re on vacation, but not when you’re running your first business.
Think about what you’d like to accomplish with the handyman-related business you run. Next, set some goals and establish milestones to ensure you’re meeting these goals. Consider the following questions:
- How much do I wish to make?
- How many clients do I need to have?
- What kind of customers would I like to have?
- What type of job would I want to do?
- What is the maximum number of hours I need to work every week?
- Do I need employees?
Write down your answers for three possible periods: six months, 3 years, and finally five years. Set a reminder on your calendar to review your business plan every three months to determine whether you’re on the right track. Do not worry about it; you can alter your plan according to your needs. Consider your business plan as an evolving document that evolves according to the knowledge and experience you acquire daily while running your business.
Learn About Your Area’s Legislation
One of the last things you want is to be slapped with a fine or your reputation damaged due to operating beyond the bounds of the law. Knowing the services that require you to be licensed or certified is essential. For instance, many U.S. states require a plumbing, electrical or HVAC license.
Another thing to think about to be aware of is the fact that there exist restrictions on the amount you may be able to charge as a handyman. In some regions, every job that’s more than $500 is subject to the contractor’s license. In other areas, this number could be as high as $3,000.
Knowing the laws of the state or city you live in is essential. You can do some internet research by looking up “contracting legislation.” Another source that can be useful in determining legal requirements for business licenses is LegalZoom.
Consider Small Business Insurance
Another tedious but vital aspect of managing a successful business run by a handyman. Whatever location you are operating in or the type of work you’re doing as a handyman, it’s essential to consider getting insurance for your business. Certain states require insurance for handymen. It is, therefore, necessary to check the conditions.
There are numerous kinds of insurance for businesses to select from; however, the most popular ones to think about are:
- Liability insurance Essential protection which protects your business from injuries, accidents and negligent claims
- Liability insurance for professionals: Protects businesses against negligent claims when they’ve made an error while working.
It is also possible to look into insurance for illness, injury, or long-term disability if you cannot complete your job’s physical tasks.
Scope Out the Competition
Before starting a handyman business, doing a competitive analysis is helpful. Google “handyman” and the title of your town or city to determine which other companies offer comparable services within your local area. You can search for things like:
- Their services
- Their costs
- Their geographical place of residence
- Their clients
- Their marketing strategy (how/where they market or seek new customers)
With this knowledge and information, you’ll have a decent idea of the prices of local handymen with the same skill. You’ll also be aware of the kind of customers they cater to and can then determine if you want to meet clients who are similar to them or search for a different type of client.
Choose Your Services Wisely
At the beginning of a new business, assuming every job, you’re competent for can seem natural. In the end, it might be counterintuitive to offer only some services, wouldn’t it? Not necessarily. Sometimes, it is sensible to focus on only projects which are famous or have an acceptable value and can be done well and quickly.
For instance, hanging pictures is a typical request for businesses with many handymen. There’s a limit on the cost you can expect for this essential job. It could make economic sense to defer the most basic tasks and concentrate on larger projects such as replacing toilets, installing cabinetry in kitchens, and performing minor repairs.
In the same way, you might possess a wealth of knowledge (that’s why you’re handy! ). However, you’re highly proficient at installing drywall or creating decks. You can decide to concentrate mainly on a few jobs that you perform efficiently and love the most. With your experience, you can earn the highest price for these jobs and only do the work you love.
Price Your Services Appropriately
Perhaps the most important choice you’ll make regarding your handyman service is how what you’ll charge (i.e., by the hour or per project). While you can alter the amount periodically, the price is usually fixed for a minimum of six months.
Most handyman firms charge an hourly or flat fee for specific tasks. In determining the price you’ll be charging per hour or job, you should consider the following aspects to ensure that each project is profitable.
- Time (be honest with yourself about how long your task will take, and that includes travel)
- Skills (you can charge more for work that requires specific skills, e.g., building a stairwell instead of painting fences)
- Preparation (will you need to relocate furniture, get supplies, or prepare the area for work? All of these are considered to be as billable time)
- Costs (if you’re using costly equipment, take into account the costs of wear and wear and tear)
- Taxes (consider the taxes that you’ll need as a company proprietor and include them in your price)
- Licenses (do you have a specific license to perform particular tasks? they likely have an annual cost, so be sure to take into account the expense of maintaining your credentials)
While it’s beneficial to determine the cost of the market for the type of work you perform, don’t be afraid to be more expensive in case you’re highly skilled or in huge demand. Clients who are satisfied with your work know that you’re getting what you get and are willing to pay extra money to get a job done well.
Don’t Work for Just Anyone.
As we’re discussing the topic of customers, it’s time to clarify what this is. A “good” client is:
- Do not waste your time on long phone calls or face-to-face meetings to discuss your task.
- Aren’t you motivated by more than the price of your work? i.e., quality is more important than price
- Accepts your payment conditions and will make payments in time
- Rely on your expertise
- You are hired again and repeatedly
- Recommends you to other
If you suspect that the homeowner is talking to multiple handymen in search of the lowest cost, is blaming a previous contractor, or isn’t clear about the things they would like to get done, Do yourself a favor and leave. Find a more honest person who isn’t a red flag.
Be aware that not everyone is your client. Establish a particular handyman company. Select the “good” type of customer and only cater to those.
Put Together a Marketing Strategy
Once you decide who you’d like to work with, develop a marketing plan to help you connect with them.
See the world through their point of view and identify the “pain areas” (marketing-speak for the specific issue your customer you are targeting). Next, you must ensure that you get your company’s name prominently displayed in the places where your customers are online and in person. This is among the most crucial steps to understanding how to create an effective handyman business.
For instance, you could place up or drop off flyers in a particular area with the kind of homes that usually require repairs that you are skilled in. On the internet, you can use Facebook or Instagram ads that target the type of clients you’d like to attract.
Network With Complementary Businesses
The most important thing for entrepreneurs is a recommendation. A client who’s been pre-qualified by a person you trust and who has received an indication that you’re competent in doing what you’re good at is worth your value in gold. How do you acquire them? You are working for them!
One option is to build relationships with other people in handyman-related sectors. Realtors are typically asked to recommend other agents when a homeowner selling their home must make a few repairs before listing their property. Rental property firms can be an excellent source for finding clients because they’re always in need of minor repairs.
It is also possible to establish relationships with other contractors who might be willing to refer you to small jobs that they do not have the time for. Think about the other people your ideal clients interact with and form an alliance with.
Do the Chores People Hate
Busy people are usually thrilled to delegate, not just tasks they aren’t able to do but those they don’t want to do. One way to make yourself indispensable is to tackle jobs you hate for your handyman company.
Consider cleaning refrigerators and ovens and ovens, getting furniture moved around, organizing garages, and painting repairs. Make sure you add these tasks on your website or other marketing materials to ensure customers begin thinking about the home issues you can tackle.
Widen Your Skills and Service Inventory
If you’re generally handy and possess education in trades that are skilled or other areas, then you’re in an excellent place to take on the routine jobs where a handyman will be required. However, if you’d like to improve your skills, think about expanding your skills.
If a particular job is particularly appealing to you, consider further training to provide more specific services to your business as a handyman. You might consider upgrading a skill that complements the one you’ve accomplished. Take, for instance, using your skills in carpentry to construct an entertainment system and your tech skills to connect it to all of its components.
Go the Extra Mile for Clients
Do you want to create your own handyman business that will grow exponentially? Ensure you know the little actions you can take to surpass client expectations immediately.
This could mean that you present your ideas when you prepare the quote or even being willing to work late at night or early in the morning to accommodate clients who have an unruly schedule or doing a little more than what you initially offered to go above and beyond. The little things matter the most when it comes to establishing the trust of your customers. And your clients.
Hire an Apprentice/Employee
Would you like to have more help to finish all the available tasks? You might consider hiring an employee or educating an apprentice as an option to boost your business’s growth.
In general, the more employees you can have working for you and the higher your income, the more you can earn. It is possible to start with an apprentice or pupil or apprentice who will shadow you before offering them your clients. When you are ready, you might have enough money to employ staff with different skills to increase your range of offerings.
Join a Third-party Service Provider
One of the most challenging aspects of running your handyman company is working hard and searching for jobs. Should you discover this part difficult, consider working with an external service provider that lets you list your services or broker jobs:
- Mr. Handyman
- Trusted Pros
- Angie’s List
- Home Advisor
It’s crucial to spend the time to fill in a complete profile when you’re submitting to one of these organizations. Include photos of high quality that show your works, the most current contact details, your logo, the URL to your site, and any testimonials you have already. Potential customers will evaluate your business based on your website, so ensure you have your best!
Promote Your Specialty
If you have a passion or expertise in one or more of the three business areas such as technology, carpentry, or landscaping/lawn services, making your business focus on these areas is an effective (and profitable) decision.
You’ll be regarded as an expert in this field, and homeowners will often be willing to pay more for the services of a specialist. When you’ve established a trustworthy relationship with the homeowner, you’ll have more chances to market some of your other services that aren’t part of the scope of your expertise. This is at the rate you charge your specialists.
Ask for Reviews
It’s not hard to get peer reviews to inspire people to decide to work with you. It might be a hassle initially. However, it’s crucial to get every one of your customers to give a review of your service. Request them to:
- You can send a testimonial to your email address on your site.
- Write a blog post on sites such as Google Business or Yelp (you’ll be required to create an account first)
- Write a review for any of the third-party organizations where you have an account (e.g., Angie’s List, Houzz, HomeAdvisor)
- Write a review or a photo of your review on Facebook or Instagram.
Companies with a good reputation typically get more regular work from clients who are prepared to shell out for top-quality work. The words of your customers can make a difference.
Build a Great Business Website
We know you didn’t enter the handyman trade to be hunched over the computer. However, a simple website is typically your best salesperson, and investing some time on one is worth it. A no-cost WordPress or Wix website is simple to create, maintain and maintain. All you require is:
- A list of your services
- A minimum of one reason a homeowner might choose to hire you (i.e., provide your education, credentials and skills, professionalism, etc.)
- Contact details for you
Use These Handy Tips to Grow a Successful Business
The process of starting a handyman-related business is just the beginning. It isn’t easy to expand an established business, especially in the case of hands-on strengths. However, strategic decisions that are made in tiny steps can result in sustainable, long-term growth.