In the next five years, the handyman business will be one of the most lucrative businesses to start. Here’s why…As the housing market continues to rebound and more people need home repairs, the demand for handypersons will continue to rise. And with the average handyman service costing around $150 per hour, there’s a lot of money to be made in this business.
Of course, starting any business comes with its share of challenges, and a handyman business is no different. But if you’re 1up for the challenge and willing to put in the work, there’s no reason why you can’t be successful.
Here’s a step-by-step guide on how to start a handyman business in 2022:
Get an Office Space
If you’re thinking of starting a handyman business in 2022, there are a few things you’ll need to do to get started on the right foot. First, you’ll need to secure office space. This doesn’t have to be fancy — a small office in a shared space will suffice. But it’s essential to have a dedicated space for your business to keep track of paperwork, invoices, and other important documents.
While leasing a property is an option, it can have some potential drawbacks in the long run. Hence, it is best to buy a property. If you fall short of money, you can get loans with lower mortgage rates. Since these mortgages have low-interest rates, you can easily get out of the debt quickly to ensure a seamless cash flow and a successful business. Also, these mortgage providers have a huge network, so they can also help you compare rates of different places and guide you through buying an excellent property that can serve as a workplace for your office.
Decide What Services You’ll Offer
The first step in starting a handyman business is deciding what services you’ll offer. Do you want to focus on home repairs? Or do you want to offer a more comprehensive range of services, such as painting, carpentry, and electrical work?
It’s important to consider what services you’re most qualified to provide and what services there is the most demand for in your area. Once you’ve decided on the services you’ll offer, you can start marketing your business to potential customers.
Get the Necessary Licenses and Insurance
Before you can start offering your handyman services, you’ll need to get the necessary licenses and insurance in place. Depending on your state, you may need a business license, a contractor’s license, and insurance. You can learn more about your state’s licensing requirements by contacting your local Chamber of Commerce or the Small Business Administration.
Build Up a Website and Social Media Presence
If you’re thinking of starting a handyman business in 2022, there are a few things you’ll need to do to get started on the right foot. First and foremost, you’ll need to build a solid online presence. This means creating a professional website and active social media profiles. On your website, include detailed information about your services and rates. Use platforms like Facebook and Instagram to share photos and videos of your work on social media. Potential customers should be able to find and contact you online quickly.
In addition to an online presence, you’ll also need to develop a strong marketing strategy. Handyman businesses rely heavily on word-of-mouth referrals, so ensure you’re providing top-notch service that will generate positive reviews and recommendations. You can also distribute flyers and door hangers in your local community and run targeted ads online or in local print publications. By taking these steps, you’ll be well on your way to starting a successful handyman business in 2022!
Invest in the Necessary Tools and Equipment
If you’re thinking of starting your own handyman business in 2022, there are a few things you’ll need to do to get started. First, you’ll need to invest in the necessary tools and equipment. This includes ladders, power tools, and basic hand tools. You’ll also need to make sure you have liability insurance in place in case of any accidents. Once you have the basics sorted, you’ll need to start marketing your business. This can be done through online directories, social media, and local advertising. Finally, building a good reputation is important by providing high-quality work at a fair price. If you do all these things, you’ll be well on your way to success as a handyman business owner.
There you have it! These are six simple steps to start a handyman business in 2022. Remember to focus on offering quality services, building a strong online presence, and marketing your business to potential customers. With a little effort, you can be successful in this competitive industry.