If you are planning for business with little investment at your hand, then painting can be the best business for you. Business seems a heavy term but painting business is not complicated to understand. Hardwork and commitment are key instruments in any business. Same you have to develop for the painting business. Here we shall discuss a few of the tips to start a painting business.
The foremost step to do is the identification of the target market. It is recommended to observe your surroundings. If there are commercial buildings near you then you might be a good pick for commercial painting. Similarly you should give due importance to the seasons as well. If there is a season of winter, it would be difficult to carry out the external painting work. You need to identify all the constraints. It is good to be optimistic in life but it is better to be realistic in your business as there are uncertainties in the business. You should ask from other painters who are in the field for a long time. Ask them about their market and observe their work. Do not invest your money and energy prior knowing and understanding the target market.
It is important to be meticulous in painting. It is not a work that has one specific location. You have to travel a lot to explore different opportunities. In this way you get an opportunity to practice a lot and improve your work. It is a challenging task in initial stages as you there is a lot of work before starting a paint too. You have to prepare a space before picking a brush. If you are a creative person then doing painting can all be a fun ride for you. Painting will become an opportunity to display your creativity along different lines. You get to apply different designs and colors. It is recommended to practice maximum before starting a painting business. Initially you can practice for free by asking your friends, colleagues and fellows if they need painting services at their home or any other place. In this way, you will get hands-on experience that will benefit you in the long run. While practicing on painting skill, do not overlook your communication skills. Your interpersonal skills will determine your relationship with your client. Painting is not just about doing work and return home. You have to deal with your clients by talking to them and sometimes convincing them for budget. Develop a professional and considerate behavior towards your clients so that you will be contacted again for work.
When you start your business, there should not be any concept of day and night. You will have to work meticulously and tirelessly. At first, you will have to handle the administrative work. It is recommended to work day and night in start for it will save your energy and time in later stages. Otherwise when you are done with establishing your business, there are a lot of other responsibilities that you will have to take charge. Also sort out the taxes beforehand. If you want a professional outlook of your painting business, it is recommended to follow certain steps that include registration of business and getting the permits from concerned departments. Following are the steps that you need to make sure before moving ahead:
- Open the bank account in the name of your painting business
- Get an insurance for your painting business
- Make sure to have a bookkeeping system
- Make an organized pattern for the files and receipts that involve transactions
- Make a website of your business in order to have an online presence
- Design marketing strategy targeting the potential customers
These steps are a bit tiring but you have to put one time effort on it. They do not need to repeat again and again.
Once you have established your skills as a professional painter and there is a potential market for your work, it is time to decide about the finances. You can charge for your work based on different factors including the material used for painting. If you are painting commercial buildings, there is a need of brushes and rollers. There are different types of brush used in painting. Thin brush costs are used for painting titan repacking kits. They cost less than $10 while broader wall brush cost between $25 to $30.Paint sprayers are also used for the exterior paint that cost around $200.Then paint is also used and different companies have their own price of paint. If you are using a paint of a good brand, it will cost about $25 to $45 per gallon. Amount of paint depends on the area of house including the exterior and interior. In this way you will decide the finances based on the investment you are making and the profit margin.