Easy Steps For Starting A Painting Business
Starting a painting franchise is an excellent idea for those who do not have a lot of startup capital. It is a time-intensive job that requires a lot of practice and patience. But once you have gotten your business off the ground, you will be able to work for yourself and you can even work part-time. Here are some things to know before you look at painting franchise opportunities.
Advantages of Starting a Painting Business
Starting up a painting business is much easier than entering other industries. The start-up costs are much lower. If you'd like, you could handle all painting jobs yourself. Alternatively, you could hire painters to expand your business. However, you will have to worry about insurance and worker's compensation.
Think Beyond Painting
If you would like to increase your profits, look for ways to expand your business. For instance, consider also entering into the wallpapering business. Consider offering wall decal services. You could also specialize in faux painting or in historically accurate painting.
Building Your Customer Base
When starting a business from scratch, one of the challenges is in finding new customers. Begin by talking to friends and family to find out if they need any painting done. If this is not enough, print out fliers and go door-to-door handing them out. Offer discounts. While this might be time-consuming, it is the least expensive way to build a customer base.
Most customers will look for painting services online. Therefore, you are selling yourself short by not having a website. Your website can be a place to provide estimates, assist customers in getting in contact with you, and can also be a place were you create create content that can draw customers in through search engine traffic.
Franchise Options Are Available
With painting businesses, there are franchise options available. Rather than worrying about branding or marketing your business, these tasks will be handled for you.
Consider Purchasing a Painting Business
Another option is to purchase a painting business that already exists. By doing so, you will inherit an already-existing customer base and the branding will have already been handled for you. However, you will want to research the reputation of the business before purchasing it. The company may have a poor reputation that could be carried with it.
By purchasing or franchising a business, there are many difficult steps you can avoid. For instance, you will already have a recognized name. You will not have to worry about registering your name or handling licensing requirements.