Many times you see fresh paint which can do wonders for a home on TV or any video or any movie. Few people have patience and skill with a brush to do as a job forever. Starting your own painting business can be a great opportunity to be your boss and become an interior designer. It's not as hard as you think by looking from outside.
Determining how to start a painting business does not need to be a challenge, but there are a few considerations . This guide was made for painters who already know how to paint but want to start a business of their own. Here we will discuss step by step process of how to start your own painting business.
Reasons why you Start Painting Business
Painting Businesses Demanding
The painting industry grew 4.52% from 2014 to 2019. This implies that painters are in pretty high demand. You have the potential to make a good income when your business will be established. You can specialize in your painting such as faux painting, special finishes, and historical painting. You can offer services like making wallpaper for extra income. You can target the homeowners, builders, and interior designers. Find flickr services that need painting services and being a long-term client. This will help you establish your business.
Be your Boss
This is more than anything. You will become your boss and starting your own painting business. One of the big benefits of the entrepreneurism is that setting their schedule, building the business the way they want, and set hours you want to spend.
Getting started is easy
You do not need any high education or various certification like other businesses. You can start this business in your home. As per time passes demand for interior designers is increasing to decorate homes or any office building you can get clients frequently.
Opening a painting business does not required a huge amount of money or investors. You need not store many types of equipment like carpenter and plumbers. Here your output and patience are important as you give hard work you automatically get your profit.
Clients pay more
The more specialized your painting skills get, the more you can charge for your services. Learning specialized painting styles and techniques could help you make money more.
How to start a painting business
A clear plan is always gives reward. It will figure out the specifics of your business and discover some unknowns. It will create a mission for your business that how you will go forward and what are the things you must consider for starting this business. There are ton of advantages to a business plan. Your business plan doesn’t need to be overly complex or detailed, it can be long or short as you want, so long as it covers a few basic elements.
- Good business planning if done right connects the dots in your business so you get a picture of the whole.
- Startups and small businesses need to focus on their special identities, their target markets, and their products or services.
- Business planning helps you keep track of the right things and the most important things. You must allocate your time, effort, and resources strategically.
- Good business planning helps in how will you invest your money. For what purpose and how much money should you give is getting help from a business plan.
Register your business
Any company can be defined as a legal entity which is under law. Anyone can start a business but for that registering your business is an important part. Formal business registration with the state or local government is not necessary to complete business transactions, There are also legal and marketing advantages to registering a business name. When you have to decide to start a company, there is a huge process of executing pre and post-registration to ensure smooth functionality.
There are several benefits by register a business:
- Opening a bank account
- Help from Start-up
- Fundraising ability
- Establishment of equity
- Free and easy transferability of shares
- Legal entity
- Limited Liability
- Successive succession
- Ability to sue and vice versa
- The following complaints
- Property Owner
- Multiple Relations
- Buyer requirements
- Business sales
Painting Business License
Every state has different requirements for a painting business license. Licensed painters have many state, city, or municipality requirements for providing a job. They know the proper use of materials, tools and equipment, surface preparation, and safety when performing the job. Every licensed painter is required to be bonded which means that it is an agreement that binds the contractor to cover the losses by a property owner if the project does not complete according to the contract specification.
The main benefit of hiring licensed and bonded painters is that it will give you peace of mind in knowing that the painting job will be completed successfully.
Licensed painters will required to know the four major sections:
- Planning and estimation
- Substrate repair and surface preparation
- Application of paint and finishes
These are qualities that will positively impact the quality of service a painting contractor will provide. State licensed painting contractor provides you with the benefits of working within the law.
When it comes to painting tools, it is the most important thing without this you cannot do anything. There are many painting types of equipment in market that are cheap and also affordable.
“One of the easiest things to remember about paint tools is that you get what you pay for” - Lou Manfredini
Some necessary painting equipment is given below:
- Wall cleaner
- Painter’s tape
- Cloth drop cloths
- Paintbrush cleaner
- Clear plastic bucket
- Roller trays
- Roller extension pole
- Sturdy ladder
- Touch-up tool
- Pre-mixed spackling
- Putty knife and taping knife
- Flexible sanding sponges
- Fiber mesh tape
How to get your first painting job
- Talk to friends and family
- Ask for referrals
- Door to door marketing
- Mass marketing
Advertising your painting business
Advertising is a promotional activity which aims to sell a product or service to a target audience. Product advertisements is an important first step in a product lifecycle. Advertising allows you to show your business against your competitor on public stage.
Some advertising techniques:
- Place Signs in Visible Areas
- Deliver Advertising Materials
- Use Local Advertising Methods
- Use Social Media
- Take advantage of online ads
- Build a website
- Design business cards
Don't do these Mistakes
- Not scheduling jobs in advance
- Doing small jobs just for the money
- Going to the paint store multiple times
- Focusing on painting instead of growing your business
- Not spending the time to find good people
- Not properly tracking marketing efforts
- Charging too little