Embarking on Your Own: A Comprehensive Guide to Launching Your Handyman Business

Looking to earn some extra cash? If you’ve got some handy skills to offer, starting your own handyman business might be a great fit for you!

Sure, most conversations about side hustles focus on digital gigs these days, but local, service-based businesses like being a handyman are still a seriously viable option. Homeowners and landlords always have a list of odd jobs and maintenance tasks they need taken care of – and that’s where you can come in!

If you’re wondering how much you could earn, think about this: Glassdoor says the average handyman salary is around $33,000 a year, and Payscale says the median rate is about $20 an hour. But with the right approach, you could make even more.

So, what does a handyman do? The term “handyman” is pretty all-encompassing. You might find yourself taking on all sorts of jobs, from painting and wallpaper removal to deck installation or repair, and maybe even some light plumbing and electrical work.

Another great thing about starting a handyman business is that you can decide whether to work part-time or full-time. It’s a super flexible side job, so you can set your own hours. Plus, there’s always plenty of work for handymen, especially because homeowners sometimes simply don’t have the time or don’t feel comfortable doing the work themselves.

Now, if you’ve decided to go for it, here are the steps to get your handyman business up and running:

1. **Figure Out Your Services**: Think about what you’re good at and focus on offering those services. Promote yourself using specific services that people often search for, such as “deck repair,” to make sure potential clients can find you.

2. **Set Up Your Business Legally**: Depending on where you’re based, the specifics may vary. General steps include registering your business with the state and getting a business license from your city. Make sure you’re following the rules – do a quick Google search to find out state requirements.

3. **Get Insurance**: General liability insurance is a must to protect you from potential legal issues.

4. **Decide Your Rates**: Don’t undervalue your time! Charge based on the specifics of the job and the estimated hours it will take to complete.

5. **Spread the Word About Your Services**: Start by telling people you know about your new venture. Craigslist and gig economy sites/apps like Handy.com, Jiffy, and Takl are great platforms to land gigs and expand your client base.

6. **Create a Website**: While it’s not necessary, having a website can make you look more professional and make it easier for clients to find you. Services like Bluehost can help you set up one for a low monthly fee.

7. **Manage Your Records**: Keep good records of your income, expenses, and invoices for tax purposes. A simple spreadsheet is a good starting point.

There are some costs involved when starting a handyman business – like business formation and licensing, insurance, tools, and possibly, a vehicle. But if you’ve got the tools and the vehicle to start, you might be able to kick off your business for less than $1,000!

So if you’re the right person for this job, starting a handyman business could be a great way to pull in some money. Hopefully, this guide will help you get started on the path to success!