How to Start a Handyman Business in 2022?

Published On: May 23, 2022
Last Updated: July 5, 2022
How to Start a Handyman Business?

Are you great at doing different handyman jobs and want to monetize your skills? Or Do you possess a professional network of people offering handyman services and want to take advantage of it? In both cases, you can start a handyman business in your region.

On the other hand, the demand for handyman services is increasing among people year on year. People love to get various services from the comfort of their homes. Hence, many businesses and entrepreneurs look forward to a handyman business startup.

If you want to transition from a handyman to a handyman business owner, you need to invest time and effort. One of the primary questions that will appear in your mind is: how to start a handyman business?

We have been helping startups & businesses worldwide in launching their desired businesses for a decade. Hence, we are familiar with the things required to start a handyman business and make it successful.

Here, we will provide you with the streamlined process to start a handyman business.

So, let’s get started:

9 Steps for Starting a Handyman Business

Here is the streamlined process you need to follow for starting a handyman business.

1. Know the Demand for Your services in the Market

Consider this before starting a handyman business: one of the most common blunders that people who start a handyman business make is that they fail to determine whether there is a growing need for the services they provide or not.

The majority of people don’t have the required knowledge, time, or tendency to maintain and repair their homes. Hence, they prefer to take services from a handyman. Here, you have an excellent opportunity to provide them with necessary handyman services.

Here, you should identify the types of services you can provide and your ideal customer base.

So, the bottom line in all of this? Simple: Check if the handyman services you offer are in demand. Otherwise, your company may fail within the first several years.

2. Know Your Competitors

If you want to open a handyman business, figure out principles following which various handyman businesses have become successful. Consider it a form of competitive analysis.

Don’t hesitate to follow in the footsteps of successful handyman businesses who have mastered the learning curves of beginning a business. Consider the following instance of how you can leverage your competition to shorten your learning curve:

  • Check out the best handyman apps and websites available in the market. Then, examine them to learn what services they provide and how much they charge.
  • Have a cup of tea or coffee with a local handyman business owner willing to share advice with you.

3. Decide Your Target Audience

Not every person is your customer.

Because you will be dealing with many customers, you must first determine your target audience by considering the types of services you intend to undertake. Then, create a business model that focuses on assisting a specific customer.

Your services will not apply to everyone who requires a handyman.

For instance:

  • Some customers are only interested in the cheapest options or cannot afford a professional cost.
  • Other clients are willing to pay higher prices if you deliver excellent services.
  • Some customers demand only the best, while others want the work done to get on with their lives.

4. Decide Your Services Appropriately

When you hire a few staff and start a handyman business, it may seem natural to say yes to every job. However, it is not an appropriate strategy.

Instead, it is a good idea to focus on only those tasks that are in high demand, have a reasonable price, and that people you hire can complete quickly.

As a handyman business owner, you may get requests for simple tasks like hanging pictures. However, the price you may charge for that simple task has a limit. Therefore, it may be more profitable to decline the small projects and concentrate on larger jobs, such as toilet replacements, kitchen cabinet installation, and minor repairs.

It is a better strategy to accept tasks that require specialization. With this, you would have the freedom to charge more for such services.

5. Create a Business Plan

Now that you have taken care of the essentials, it is time to move on to the next phase of your business. Answer the following questions to create an appropriate business plan.

How much money will you need to start a handyman business?

Based on various reports, you can begin your handyman business for $1000. After that, standards for home repair tools, marketing materials, and insurance are the only things you need. The insurance cost varies depending on your experience and the scope of work you plan to do.

Also, you can consider developing a simple website where customers can obtain basic details and contact information.

How to make a profit from your handyman business?

The types of services you provide and how properly you price them will directly affect your profits.

Employing numerous people with a variety of abilities is encouraged to optimize revenue. The more qualified employees you have on staff, the more roles your company can fill.

According to many handyman businesses, working with property management companies yields the best profits.

6. Get a Business License

You will need a business license before starting any business. Licensing requirements and laws will typically vary depending on your locale. Some states and towns even demand that your company has the appropriate licenses. While some states do not require a license, it is dependent on the type of handyman labor required.

A handyman license is a unique document that proves your state has cleared you to offer services. While each state has its own rules, you will need this license to work on larger projects for your clients.

7. Obtain Necessary Business Insurance

Make sure to purchase insurance while starting a new handyman business. Insurance is required for your business to operate safely and legally. In addition, business insurance protects your firm’s financial well-being in case of any loss.

Proof of general liability insurance is essential when acquiring a business license, which instantly boosts credibility in the consumer’s eyes. Consumers will choose a handyman business having insurance over one that is not insured. In addition, third-party claims for employee injuries or property damage can be free by business insurance.

8. Create an Online Presence of Your Handyman Business

After getting the necessary licenses for your handyman business, it is time to create an online presence. Here, we recommend you build a website for your business. Why?

The main reason is that people worldwide check the website of a business before getting any product or service from it. Besides this, there are various important reasons to have a website for your business.

Apart from a website, you should also build a mobile app for your handyman business to create an online presence.

Primarily, mobile apps help you to reach out to a vast number of users. How? People now worldwide have different gadgets, and they like to do various things from their palms of the hand.

Besides this, there are various other benefits of a mobile app for your business.

By creating a website and mobile app, you can reach out to your target audience and expand your business to the next level.

9. Define the Marketing Strategy

The next stage is to define how you will find and convince your ideal clientele to hire you. Yes, exactly. It is time to start putting together a marketing strategy.

There are some popular market strategies that you need to consider:

  • Word-of-mouth referrals will be a critical source of new business, so focus on giving outstanding customer service to every customer.
  • It is a terrific idea to create a business website. Include the services you provide, your fees, the areas you cover, and your contact information so clients may quickly contact you.
  • People nowadays spend more time on social media. As a result, it is a fantastic chance for your growth, and you should take advantage of it. You can conduct social media marketing through popular platforms, such as Facebook, Twitter, Instagram, etc.

Conclusion

Every year, the handyman industry is expanding at an unbelievable rate. Therefore, you may also expect a lot from countries that would also start doing such business.

It takes a lot of effort and patience to start a handyman business. As a result, before getting into the handyman business, you should conduct rigorous market research. Then you must obtain the required license and permits to begin your company. However, investing effort in these areas will make the process go more smoothly in the long run.

If you still have any doubts about starting a handyman business, you can contact us.

Guru Technolabs is a web and mobile app development company. We have helped folks from all walks of life build their businesses online. As a result, we can fully comprehend your needs and offer an appropriate solution.

Ravi Makhija
Ravi Makhija

Ravi Makhija is an entrepreneur, an IT professional, tech geek, founder & CEO at Guru TechnoLabs - Globally Trusted Web & Mobile App Development Company. He loves writing about new technologies and the latest trends in the IT field.