Small Business Opportunity: Top 7 Reasons to Start a Paint Business
Painting houses is a skill that most people can learn quite easily. It’s one of those rare home business opportunities that really works and it’s very possible to make $ 30- $ 50 an hour without much effort.
Here are the top 7 reasons anyone with basic painting skills should consider starting their own painting business.
1. Residential and commercial painting is a $ 22.5 billion a year industry!
Every day, homeowners across the country (and around the world) spend millions of dollars to paint a living room, bedroom, kitchen, etc. This is an industry that in fact has an unlimited amount of work available.
There is much more work than painters. Listed in the top 10 companies in 2006 and projected to grow into the predictable role, there has never been a better time to start a paint business than right now.
2. Basic painting skills are easy to learn.
It doesn’t take long to develop basic painting skills. Almost anyone can do it. Most painters who learn through “on-the-job training” do so in just a few weeks. All you need is a little practice.
3. Very low start-up costs
A painting business is one of the best because it doesn’t require a lot of money to start. For less than $ 250.00 (depending on where you live) you can start a painting business and earn money.
With start-up costs so low, it doesn’t take long to become profitable, and if you focus on small, well-paying jobs, your overhead costs are close to zero.
4. No expensive advertising needed
Unlike most other businesses, a painting business does not require a large monthly advertising budget. In fact, it is entirely possible to build a profitable painting business without any traditional advertising.
Smart paint business owners spend time building relationships with people who “know people” who can recommend jobs.
5. Earn professional income by working part-time.
Many successful paint business owners earn between $ 60,000 and $ 100,000 per year working less than 35 hours per week. Once you develop your skills and become proficient, it is not uncommon to earn between $ 300 and $ 500 a day working just 4-6 hours.
It is possible to earn more in a day than most paint employees earn by working 40 hours a week. Every day painters sell their valuable skills to a boss for a paltry $ 12- $ 15 when they could be making a lot of money from their own painting business.
6. Freedom, lifestyle and security.
The best thing a house painter can do to secure his future is to start his own painting business.
The potential for earning an above-average income working part-time is one of the biggest benefits of having a successful painting business.
Many painters make a living from their own painting business. They drive good vehicles, live in nice houses, and have the time and money to do the things they love.
7. Outstanding tax benefits
Running a small painting business from home offers many outstanding advantages, such as high profit potential and low overhead. Expenses like gas, tools, and your vehicle can be written off. (Be sure to check with your accountant) But the tax benefits of owning a small business are wonderful.
As you can see, the sky is the limit for painters. Unlimited work and maximum pay attract many people to the paint trade each year.