If you are thinking of starting a home remodeling business or a fencing business, then you are looking at a potentially very profitable way of making money. Everyone has to live somewhere, regardless of how great or badly the economy is doing, and so there is always demand for the services of someone who can remodel a home.
If you don’t know where to start, take a look at this resource: https://www.sba.gov/starting-business/how-start-business/10-steps-starting-business
If you do choose to start up your own business doing home remodeling, use the following 8 ideas to find success (or at least prevent disaster):
1) Blow your first customers away: The level of customer satisfaction you create out of the gate sets the standards of expectation for your entire team on all projects going forward. Set a high bar early.
2) Keep blowing away your customers: Word of mouth advertising from ecstatic customers generates far more business than anything else. It’s also free marketing, which is valuable to any company, particularly one on an early shoestring budget and lean resources. You never know which customers will become the ones that blab all over town about how awesome you are, so give every one of them a reason to sing your praises.
3) Have go-to contacts for everything: Whether it be furniture repair, plumbing, interior decorating, painting,iron fence installation, wood fence repair or what have you, have a primary contact in your phone for every possible issue. Go with people who earn your trust so you can deliver for your customers quickly and effectively.
4) Have back-up contacts for everything: Some days, your go-to guys can’t come help. They’ll be too busy, out of town, not answering calls, or many other things. Loyalty is good, as is trust, but having other contractors you can call is necessary to keep things moving and helps you form more business relationships that eventually replace your go-to guys.
5) Know how to quote accurately: You have to be flexible in your pricing, and custom quote each project to match what clients want. However, make sure that your final pricing is nearly exactly what you quote them to engender trust and future business.
6) Show homeowners you can make them money: Your primary market will be people living in a home that want an update or are about to move in. However, those looking to sell should see how your services can boost their property value and help them sell for more than they ever thought possible.
7) Don’t just target homeowners: Talk to rental agencies and property management firms that might rent out houses, condos, and apartments. Renting out a fully furnished home can generate a lot more revenue for them, or they could at least use for staging demo units.
8) Don’t quit your day job just yet: It can take some businesses up to two full years to start generating an actual profit as explained by the owner of Regionale fence, fencing company in Ottawa Revenue hopefully kicks in quickly, but enough revenue to manifest a net profit takes time. Unless you have deep pockets, you’re going to need your day job to keep paying your bills, and possibly even funnel needed funding into your home remodeling business.