Like always, I am again bringing you with one of the best small-scale business ideas which can be easily started with less investment and has got huge potentiality in the market. The house painting business can be easily started with an investment of around 500 to 700 USD and it has got huge market potentiality to become a lucrative career option.
Not all have got the courage to invest in the business and that is why most of us prefer doing 9 to 5 jobs. However, starting your business provides you with the opportunity to use your creativity and that is also without the need of seeking anyone else’s permission.
step by step process to start a house painting business
Step 1:- Complete the Required Paperwork’s
Usually, the first step to start any business is to do thorough research about the same. I am skipping this step as it is very usual to be done by everyone to find out whether the business suits the individual or not. Then it will come where you need to complete and submit the required paper works.
Pick a Brand Name: –
Give a small but catchy name to your business. It is required to create brand recognition.
Create a Logo: –
You can create your own logo or take the assistance of the experts. It will cost you around 5 to 10 dollars. www.logomakr.com is a good option to go for.
Create Business Cards: –
You will need several business cards to introduce yourself to the new and probable clients.
Open a Bank Account: –
Even if you have one, you still need to create a separate account for your business transactions.
Acquire the Required License: –
Contact your local administrator and get detailed information about the steps of registering the business and other formalities.
Take an Insurance: –
Consult an expert insurance agent to get the best suited for your business
Step 2: – Arrange Capital
To start any business, you need to have a proper supply of the capital. If a business requires 500 USD to start, then you should have at least 1000 or 750 USD in your account. If you lack the cash in your account, then you can opt for the loan service by submitting a proper business plan.
Step 3: – Marketing and Promotion
Don’t expect to rain of clients as soon as you start the business. You need to do rigorous marketing for your business to attract customers.
Create a Website: –
There are many service providers online through which you can create a free website for your company. Try creating a simple and user-friendly website.
Marketing and Promotion: –
The social media is one of the most effective ways to promote business and that is also at a very low or zero cost. But don’t just depend on social media, use other promotional ways too.
Provide Free Service: –
You can provide free service to your friends and family. I am not telling to purchase paints and tools by you. Just don’t charge for your painting services. It will not only allow you to gain experience but also work as the promotion of your service.
Go Door to Door: –
Don’t feel shy to knock doors to promote your business. There is a huge opportunity for house painting business in the market. You just need to find out the best clients. Make a point of knocking at least 10 doors every day and increase the count. It will help you to interact with more people and increases the opportunity of the business too.
Step 4: – Purchase Tool and Hire Workers
The manpower and the tools are the basic requirements of this business. Don’t plan to paint a whole house on your own. You will need additional assistance and tools too.
Don’t invest in tools: –
Purchasing of painting tools will require a huge investment. Thus there is no need for the same in the beginning. You can hire a subcontractor for the job and use their tools.
Avoid Sloppy Workers: –
You will need highly active and skilled workers for this job. Thus, sloppiness in nature is an absolute no thing, If required, pay a few bucks extra but hire only the best.
Step 5: – Enhance your Skills
Knowing how to paint is good for the business, but it will not help you to grow the same. You need to use your creativity and regularly learn new things and enhance your skills with the daily experience.
So, these are the few simple steps to start a house painting business. You should consider three important things in this business: –
- Do a proper cost estimation
- Don’t delay in paying your workers
- Charge your customers with the best rates.