Starting a handyman business can be a great way to make some money, assuming you have the necessary skills. Local service-based business opportunities often don’t get as much attention or love from blogs as online businesses do, but there are plenty of reasons to consider a handyman (or woman) business.
There will always be demand for the services of a handyman, thanks to never-ending projects for homeowners and rental property owners.
In this article, we’ll cover all the details of why starting a handyman business is a great option, the startup costs, and the steps you’ll need to take to make it happen.
According to Glassdoor, the average salary for a handyman is $33,000. Payscale reports the median rate at $20 per hour, which would be more like $40,000 per year. However, with the right approach, it’s possible to make more.
What Does a Handyman Do?
“Handyman” can be used as a catchall title that covers many different services or “odd jobs“. Some handymen will do just about anything, and others specialize in specific types of services. Just a few examples of the types of jobs that can be done by a handyman are:
- Wallpaper removal
- Light plumbing (fixing a leaky toilet)
- Light electrical work (changing light fixtures)
- Flooring installation
- Deck installation or repair
- Gutter cleaning
- Lawn care
- Pressing washing
- Other types of maintenance, repairs, and light construction
Pros of Working as a Handyman
There are a lot of reasons to consider becoming a handyman, handyperson, or handywoman. Here is a look at some of the most important reasons.
Work Part-Time or Full-Time
You could start your own handyman business as a side hustle to make some extra money outside of your job, or you could pursue it as a full-time business. It’s very flexible work, you can put in as many or as few hours as you want, and it’s also one of the best weekend jobs.
Plenty of Work Available
There is no shortage of work available for handymen. Homeowners will always have things that need to be done, and many homeowners won’t feel comfortable doing the work themselves, or they simply don’t have the time.
Rental property owners can also be a great source of work. If you establish a connection with someone who owns a number of properties, you may get work from them on a consistent basis.
Another reason why there is so much work available is because the typical handyman does several different things. Instead of offering just one service, most handymen have a lot that they can offer. So if you do a good job for your clients, they’re probably going to have something else for you to do in the near future.
Good Income Potential
You can make a decent hourly rate as a handyman. This makes it an excellent side hustle, but you can even turn it into a good income for a full-time job. Generally, the highest-paid handymen tend to specialize and focus on a few types of jobs that they do really well.
Specializing will narrow the number of potential jobs, but you’ll generally be able to charge more for your time. If you’re able to build up the business and stay busy, you can make a good income.
Start Making Money Quickly
One of the reasons I love service-based businesses, regardless of whether we’re talking about side hustles or full-time businesses, is because you can start earning money almost right away. As soon as you have your first paying client you’ll be making money. This makes it a great option if you need to find out how to make a $1,000 per month quickly.
Because you can offer many different services as a handyman, finding your first few clients can be pretty easy. We all know people who have odd jobs inside their home or outside their home that need to be completed. You can probably start with just your existing personal network and pick up a few clients. Most projects are fairly small, so you can complete them and get paid quickly.
Relatively Low Startup Costs
The startup costs can really vary depending on several different factors, but it’s possible to get started without making a significant investment. We’ll look at startup costs in more detail later in the article.
Cons of Working as a Handyman
Like anything else, there are also some cons to go along with the pros. However, for the right person, these cons may not be much of an issue at all.
You’ll Need Some Skills
In order to be a successful handyman, you’ll need the skills to be able to do a great job for your clients. You don’t need to be able to do anything and everything, but you’ll need to be able to handle the services that you offer. Some people already have the skills. If you have no skills at working with your hands, a handyman business is probably not the right fit for you.
The Work Can Be Seasonal
Depending on the types of services that you offer (also depending on where you live) the work can be seasonal. In most cases, you won’t be completely out of work in the offseason, but you’re likely to have some busy times throughout the year, as well as some slower times.
For example, if you specialize in services like deck repair, lawn care, and pressure washing, you won’t have a lot of jobs in the winter unless you live in a warmer climate. However, this is something that you can think about when you are deciding on the services that you want to offer so you can have something to do in every season.
You’ll Need Tools
As a handyman, you will need some tools to be able to do your work. The tools that you need will depend on the services that you offer. It’s possible that you already have the tools you need to get started, but it’s also possible that you’ll need to invest some money.
Potential Legal and Liability Issues
When you are doing work for clients, you’ll need to consider the bigger picture of your legal responsibilities. We’ll get into this a little bit later, but your state may have some requirements that you need to follow. There’s also the possibility of being liable to damages as a result of your work.
Although these issues can be daunting at first, it’s certainly nothing that should prevent you from following the opportunity if it’s what you want to do. Information is readily available that will help you to form your business legally, and insurance can be purchased at reasonable prices.
How to Start a Handyman Business
If you’ve read this far and you think this may be the right opportunity for you, here are the steps that you can follow to move forward and start making money.
Step 1: Determine the Services That You’ll Offer
As a first step, think about the existing skills that you have and specifically what you can offer. Specializing is a great approach if you are able to specialize in something with high demand that will allow you to make enough money. When you’re first getting started, you probably won’t want to get too specialized or else it can make it harder for you to land clients at the beginning.
Even if you’re going to take a general approach and offer just about any type of service, it’s a good idea to have some specific services that you want to promote. For example, if you create an ad on Craigslist you’re going to want to list some specific services in your ad because it will be more likely to be found when someone is searching. If someone needs to have their deck repaired, they may search for “deck repair” instead of searching for “handyman”. So be sure to list a bunch of different services in your ad to get more exposure.
Step 2: Establish Your Business Legally
This is an important step and the specifics can vary depending on what state you live in. Generally, you’ll need to register your