Complete Guide To Start A Successful Handyman Business

Summary*: Building and launching a handyman business in a competitive market isn’t an easy task. With so many competitors already providing services, building a brand that stands out to attract customers will always be a challenge. This blog will help you guide through all the important steps and guidelines that you need to follow to make your handyman business successful. So read through and discover the steps towards success.*

Starting a handyman business can be a profitable idea. There will always be a need for repairs around the house, offices, and buildings. In such scenarios, people want quick services from professionals. So, building your on-demand handyman app will ensure you never fall short of customers.

Conversely, if you are an existing handyman business, you must consider making the business online with an engaging app. But what does it require for handyman app development? And is it easy to start your own handyman business?

If you want to launch a handyman business, there must be the following questions hovering in your mind:

What type of business is perfect for a handyman?
What is the future of the handyman business?
How to start your own handyman business?
Can I make a living out of the handyman business?

In this blog, we’ll guide you through the steps you need to consider to start your successful handyman business. From developing your skills and creating a business plan to obtaining licenses and permits, setting up a legal entity, and marketing your business, we will talk about everything for you to get started.

Key Takeaways

Find your niche: Identify specialized services that set you apart.
Plan strategically: Create a solid business plan for goals and growth.
Get licensed and insured: Meet legal requirements and protect your business.
Build a professional brand: Establish a strong, reliable image.
Prioritize customer service: Deliver exceptional experiences for client satisfaction.

Is handyman app a good idea for your business?

Before you take your business online, you may wonder if an on-demand handyman app will be profitable for your business. Below are some stats and facts to prove to you that this is what your handyman business needs right now.

The global home service market will be valued at $2,247.84 billion by 2028. The growth will be seen at a CAGR of 29.9%.
One of the top handyman apps, TaskRabbit, makes an annual revenue of $50-$75 million.
The USA holds the most significant fragment in the handyman services market, fueled by higher home service and maintenance consumption.

The studies above prove that the handyman business can bring great benefits. Further, taking this business online will bring in more customers and enhance brand growth.

Steps to Start a successful handyman business

Whether you run a startup, small company, or an enterprise wanting to take the handyman services online, there is always a need for proper planning and budgeting. However, when you follow the process step by step, you can ensure that the handyman business is exactly how you want the business to be. The following are the necessary steps to build a successful handyman business.

Create your business plan

The first step towards handyman app development is creating a solid business plan considering all the advantages and disadvantages it will bring. To create a successful business plan, several things need to be considered, including defining the target audience, identifying the services, setting the services price, and so on.

Let’s discuss this one by one.

Must read: Challenges Of Handyman Business And Solutions For It

1. Determine the business goals and objectives

Clearly defining your business goals and objectives can help you set them. They must be SMART goals, which are specific, measurable, achievable, relevant, and time-bound. For instance, your objectives can be to increase the number of valuable customers you have during the first year, hit a particular income goal, or broaden the range of the services you provide to your clients.

Making decisions based on these objectives will help you stay focused on the expansion and success of your handyman business. Moreover, defining business goals and objectives will also provide a clear picture of how you would design the handyman app and all the necessary features that it would need.

2. Market and competitor research

Before planning the online handyman business, it is a vital step to do thorough market and competitor research. The market research will help understand the demand for the services, what is trending, and how the audience is taking advantage of the handyman apps to get their work done.

On the other hand, studying the competitors will give a clear picture of how online handyman services actually work. It will also help you discover the gaps that these already existing handyman apps have not been able to cover. Further, deep competitor research will also help you to discover the target market in-depth.

3. Define the target audience

Once you have researched, you must decide who your target market is before launching your handyman services. For example, homeowners, businesses, property management firms, or a combination of these may fall under this category. Knowing your target market in-depth will enable you to develop a marketing strategy and pricing plan that is suited to their particular requirements and preferences.

It’s critical to study and comprehend your target market’s problems. For instance, property management businesses may be seeking a handyman who can handle a variety of maintenance jobs for numerous properties. On the other hand, homeowners may seek a dependable and reasonably priced handyman who can rapidly address household difficulties.

4. Identify the handyman services

After you know your target market and the kind of services they look for, you need to pick the specific services you will provide through your platform. When deciding what services you will offer, it’s crucial to concentrate on your technical expertise and strengths. It could include carpentry, painting, plumbing, and other trades. By providing several services, you can ensure that you are a one-stop solution for all home or business repair needs by offering various services.

It’s also vital to think about providing highly sought-after specialized services. For instance, if your target market is full of older houses, you should focus on historic home repair. As a result, you may stand out from other handyman enterprises and draw in a specific market by providing specialized services.

5. Set the pricing strategy

Your pricing strategy will significantly influence your handyman business’s performance. First, you must make sure that your pricing is reasonable and still enable you to turn a profit. Then, you can look at the pricing of competing handyman services in the market, considering your overhead expenses and considering the value you provide to your clients.

Further, it is also crucial to keep in mind that charging too little or too much can influence customers’ perceptions of the value of your offerings. The latter can cause them to search for less expensive options. The secret is striking the ideal equilibrium.

6. Build a handyman app

Building a handyman app is one of the best ways to grow your handyman business at full speed. With an on-demand handyman app, you can reach a wider target audience and connect with more customers. Further, the app will allow you to bring in various handyman professionals in one place and be able to solve several problems of the target market.

Multiple handyman apps like TaskRabbit and Thumbtack have filled the market gap by providing just the solutions their customers need. Also, with the right handyman app development company, you can get the app designed and developed at the cost that fits your budget.

Also check: 10 Apps That Every Handyman Business Needs

7. Develop a marketing plan

After determining your target market, services, and pricing approach, you must develop a marketing strategy to contact potential clients. It could involve traditional forms of advertising like flyers and brochures, networking with real estate brokers and property managers, and web advertising. Your marketing strategy should be customized for the demographic you are targeting and emphasize the distinctive services you provide.

Additionally, a good web presence is necessary because many people look for handyman services on the internet. Also, look out for strategies to market your handyman app. Finally, you must talk about all the features and services that your customers will get through the handyman app.

Legal and financial considerations

Another crucial factor to be considered while handyman app development is the legal and financial considerations. It includes everything from registering the handyman business to obtaining licenses and essential permits, managing taxes, and so on.

1. Choose a business structure

Selecting a legal structure is among the primary choices you will need to make when starting your handyman business. Your liabilities and tax obligations will be impacted by the structure you adopt. Small firms’ most typical business structure forms are sole proprietorship, partnership, LLC, and corporation. Every structure has benefits and drawbacks of its own, so it is crucial to examine all of your eligible options and pick the one that is best for your company.

For instance, a sole proprietorship lacks personal responsibility protection despite being the easiest and least expensive business structure to start up. On the other hand, a corporation offers the greatest liability protection but is more complex and costly to set up.

2. Register your business

You must register your handyman company with the proper authorities before you can begin providing services. It could entail applying for a company license, tax ID number, or licenses for particular services. It is crucial to understand the specific criteria in your area because the requirements for establishing your business differ based on where you are.

Obtain license and permits

Depending on the handyman services you offer, you may be needed to obtain licenses and permits to run operations for your handyman business legally. It may include contracting licenses, electrical licenses, plumbing licenses, and more. Therefore, it is essential to research your state and its laws to make sure that you comply with all regulations.

For example, if you plan to offer electrical services, you may need to obtain an electrical license from your state’s licensing board. Likewise, if you plan to provide plumbing services, you may need to get a plumbing license from your state’s plumbing board.

3. Insurance and liability

Like any business, a handyman business needs insurance coverage to protect against liability claims. It can contain general liability insurance, property insurance, and workers’ compensation insurance. It is also important to search the market for insurance coverage that best meets your handyman business needs and budget.

General liability insurance can help protect your handyman business from bodily injury, property damage, and advertising injury. Property insurance can protect your business’s physical assets, such as tools and equipment. Moreover, workers’ compensation insurance can protect your business from claims of on-the-job injuries or illnesses.

4. Managing finances and taxes

Keeping accurate financial data and paying taxes on time is a must for the success of your handyman business and for avoiding any legal issues. Therefore, hiring an accountant or bookkeeper to help manage your finances and ensure you meet all tax obligations may be helpful.

You must keep track of all your finances, like income and expenses, including any business-related deductions you may be eligible for. You will also need to file taxes for your business, which may include self-employment taxes, state taxes, and federal taxes.

By taking the time to consider these legal and financial aspects of your handyman business, you can set yourself up for business success and avoid any potential legal issues.

Must read: Strategies to Grow Your Plumbing Business.

Ready to grow your business with a robust on-demand handyman app?

If you want to build a handyman app to scale your business growth, then ValueAppz is the perfect handyman app development company that can help you from start to finish. Our professionals have great experience, skills, and technology for handyman app development.

Also, with our handyman clone app services, you can launch your business within days—access app ideas like TaskRabbit to engage the target market and retain customers. So contact our experts today, and let’s build an engaging handyman app that helps you lead the market.