It’s an excellent business to start on a part-time basis. You have the potential for high profits. Your overhead expenses are generally low. Word-of-mouth and referrals are great marketing tools in this business.

How much does a handyman business make a year?

Starting a handyman business may seem like a difficult job. Although there is freedom to the work, it doesn’t seem very lucrative. After all, the average handyman (maintenance and repair worker) only makes about $36,000 a year according to the Bureau of Labor Statistics.

What makes a good handyman?

A handyman professional needs to be someone you trust inside of your home. He or she should be punctual and meet all discussed deadlines, and needs to listen to your needs, and be honest and friendly with you. These characteristics will help you trust your handyman professional — and show professional work ethic.

How to start a successful handyman business the frugal way?

Steps to Starting a Successful Handyman Business STEP 1: Get your business license STEP 2: Get business insurance STEP 3: Get a business truck STEP 4: Advertise STEP 5: Purchase tools AS NEEDED STEP 6: Report all your income, expenses and mileage

Do you need a contractor license to be a handyman?

Click here to read the free report. One of the best ways to ruin your day is to start a business as a handyman only to later realize you need a contractors license. Hopefully, you don’t find this out the hard way like I did and I reach you in time.

What kind of tools do you need to be a handyman?

Cleaning equipment. Your cleaning equipment includes a cordless vacuum, mops, cleaning soaps/gels, etc. are also must-have items in your toolkit because you cannot leave the customers’ place dirty. So, we’ve detailed the most important tools to have when you’re trying to start your own handyman business.

How much money can you make as a handyman?

Personally, I’ve made up to $200 per hour and typically average just under $100 per hour. The handyman business can be surprisingly profitable IF you set it up properly. And as with any type of business, having a good grasp on the financial side of things is essential – especially when it comes to setting your handyman rates.