Handyman Startup

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My Monthly Report – June 2013

Welcome to my June 2013 monthly income report!

This marks the end of my 19th month in business as a handyman and also my 19th report.

Just in case you’re a Handyman Startup first timer, I write these reports each month discussing my business in detail.  I share how much money I made, what marketing methods brought me that money, my expenses, and other useful insight for all you handymen who want to go pro and dominate the home service industry.

If you want to make more money while only working for customers you like, these reports are for you.  If you don’t enjoy your current 9-5 job and desperately want to quit, these reports are for you, too.

Here’s what I’ll discuss in this month’s report:

  • Record Profits for my Handyman Business and an awesome hourly rate.
  • How my truck graphics paid for themselves twice over this month.
  • Another reason to treat your existing customers like gold.
  • Why I failed at my goal and what I plan to do about it. [continue reading…]
Benefits of handyman business

I’m taking the entire week off from my handyman services to celebrate Independence Day, and I couldn’t be more thankful for the opportunity.

This excitement about the ability to control my schedule and take time off at will has my brain turning with all of the benefits of owning a small business, specifically, a handyman business.
[continue reading…]

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My Monthly Report – May 2013

Welcome to my May 2013 monthly income report!  I’ve been writing these reports each month since I started my business and this marks my 18th month in business as a handyman.  1.5 years baby!

For those of you that enjoy my podcast, good news!  This month, you can listen to my monthly report as I’ve featured it on the Handyman Startup Podcast.  You can find it in the itunes store or listen to it directly from this page (bottom of page).  Enjoy, and don’t forget to subscribe and leave a review!

In these reports I share my income for each month, how I made that money, how much it cost to make that money, and anything interesting that happened along the way.  I also share tips to help you dominate the home service industry.

If you are first time reader of the blog, I’m not rich (yet :)).  In fact, this is my first business and I still have a lot to learn.  However, I’ve successfully created an income stream that supports my lifestyle doing something that I enjoy and have complete freedom over.    I used to work as a mechanical engineer and absolutely hated what I did.  Somehow, I mustered up the courage to quit and start something on my own.  It was the best career decision I’ve ever made.  Now, I’d like to help you create the same level of freedom that I’ve created.  [continue reading…]

Part-time handyman

Are you thinking about starting a part-time handyman business, but aren’t sure if it’s worth the effort?

If you like to work with your hands and enjoy being in control of your own time, then being a handyman is pretty awesome.  Not only can you make good money doing it, but if set up properly, it can actually be fun.  Additionally, you get to do things your own way – something I especially enjoy.

These positive aspects of the business draw a lot of people in and that’s why some of my readers, despite having jobs they enjoy, want to start a part-time handyman business on the side.  A few have asked for my thoughts on part-time handyman business.  Well, here they are.

In this post, I’m going to dive into the pros and cons of starting a part-time handyman business to help you determine if it’s worth your time and effort. [continue reading…]

It’s no secret that internet marketing is where it’s at these days whether you are selling a product online or trying to generate new leads for your handyman business.  Other marketing methods such as direct mail and flyers are also effective, but they cost more and are (in my opinion) more difficult to execute properly.

In this episode of the Handyman Startup podcast, I share my most powerful online marketing strategy for my handyman business – blogging for business.

The blog posts I have created for my handyman business website have driven customers my way starting as early as my third month in business.  Not only  that, but blog posts I wrote over a year ago are still bringing me high quality customers every week.  The beautiful thing is that each blog post I write only takes a couple of hours maximum.  Talk about ROI!

These blog posts have allowed me to turn off all other forms of advertising and still have more than enough business to keep me satisfied. [continue reading…]

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My Monthly Report – April 2013

Welcome to my April 2013 monthly report!  I write these reports at the end of each month and this one marks my 17th month in business as a handyman.

In these reports, I share how much money I made in the last month, how I made that money and anything interesting that happened in the process.  I also share quality tips to help you either start or grow your own handyman business.  I’ve been writing these reports since my second month in business so you can really get an idea of what it’s like.

If you are new to the blog, I’m not a millionaire marketing guru (far from it).  In fact, this is my first business and I still have a lot to learn.  However, I have created a solid income for myself as a handyman and I actually enjoy what I do (something not many people can say).  I do things my way and on my terms – an ability I hold in very high regard.  I would like to help you do the same and enjoy the same level of freedom that I’ve created.  (If you’re interested)  I’m not going to lie to you and tell you it’s easy to do, but it is definitely worth the effort!

April was an absolutely amazing month.  I worked for some really great new customers while strengthening relationships with other customers (of course, only the ones that I want to work with).  I was even fortunate enough to have the opportunity to take a trip to Chicago for a week.  I also made some changes to the way I schedule my customers which has drastically improved my working experience.  I think you’ll like this one. [continue reading…]

Targeting Your Customers

I’d love to tell you that starting a handyman business is easy as setting up a website, putting up ads on Craigslist, and slapping “Bob’s Handyman Services” on your truck.

This is certainly a good start, but if you want to have a profitable and enjoyable handyman business, then you’ll need to learn the strategies for doing that.

The truth is that some handymen work very hard, dirty jobs that nobody wants for table scraps.

Others, who understand marketing, positioning, and the tools necessary to attract the right customers can easily make a six-figure income while demanding respect and doing projects they enjoy.

How can you get into the latter group?

It starts with targeting the right customers.

So in this article, I’ll teach you how to identify the target market for your handyman business so you can build a thriving business that you actually enjoy.

In a previous article, I discussed how to evaluate your skills and determine which services to offer. If you haven’t done that yet, I recommend you do it because understanding your current skill set will help with this exercise.

Let’s jump right in.

The importance of identifying the right target market

Most successful small businesses don’t become successful by trying to please everyone. They become successful by becoming the best option for a specific group of people.

For example, Walmart is heavily focused on the price conscientious shopper. Their whole business model is based on having the lowest prices.

Apple has taken the opposite approach. They are a premium brand that focuses on creating solutions for people who want the best of the best and aren’t as concerned with price.

Some people love Walmart and hate Apple. Other people love Apple and hate Walmart.

Some people love Apple, but can’t afford it. Some people love Walmart’s prices but hate the shopping experience.

Hotels are another great example.

Some people will spend three hours shopping for the cheapest hotel, often spending hours just to save a few bucks per night. Many motels do their best to have the lowest price to serve these customers. Other people are glad to pay $1,000+ per night to stay at the Four Seasons and would never consider staying at a Motel 8. Then, there are all the different levels in between.

Everyone has a different set of values and a different view of the world which affects what they are willing to buy.

When it comes to hiring contractors or handymen, there are people who don’t have much money and will only hire a handyman if absolutely necessary. When they do hire a pro, they find the cheapest option available.

Then, there are more affluent customers who have more money than free time and are happy to pay $100+ per hour to have someone handle minor repairs on a regular basis. These customers may not be totally insensitive to price, but they are certainly willing to pay more.

But even beyond the willingness to pay for services, there are a million other ways to differentiate customers, and each group of customers values slightly different things in a handyman.

For example, a stay-at-home mom is going to value trust over skill level. They’ll often hire someone less skilled as long as they feel safe with the pro in their house.

One of the keys to having a profitable and enjoyable business is to identify an ideal customer who is willing and able to pay for your services, and then design your business so it aligns perfectly with their values and needs.

But before you can design your services for a specific customer, you first need an idea of who that is. Answering the questions below is a good start to doing so.

You can also listen to the podcast on this subject which includes:

  • A step-by-step method to help you reach your ideal customers.
  • The importance of targeting the right customers.
  • How you can eliminate time-wasting customers by simply filtering them with your marketing content.
  • How to target real estate agents with laser precision.
  • How I identified a target market for my handyman business.

Who needs your services?

List people that may need your services. No, not individual people, but groups of people. This can include groups of people such as single women, the elderly, property owners, or apartment complexes for example. There are thousands of options here.

It’s OK to be general right now, but later we’re going to want to define these groups more specifically.

One example could be a single businesswoman, 25-40 years of age, with an annual income of $100K+ that works 40-60 hours per week. This is an excellent target customer because they are very busy and don’t have time for home repairs, but have enough money to pay for them.

Brainstorm a list of whoever else you can think of and write it down.

Why do they need your services?

People don’t just go out and hire a Handyman because they are bored (unless you are offering those types of services as well).

Most are looking for somebody to solve a problem that they can’t solve. This can be for a number of reasons including lack of skill, or even better, lack of time. They may even hire you to upgrade their kitchen because they are in an unspoken competition with their best friend who just remodeled their kitchen. They have an irrational need to outdo their friend.

Put some thought into why they need your services because it will give you hints on how motivated they may be to hire you. The more motivated, the better.

Pro Tip
Understanding why your customers need your services is powerful knowledge. It not only helps identify potential customers but helps you sell your services effectively.

What services do those customers need?

If you are targeting the elderly, they are going to want different services than an overworked single mother. You’re going to need to offer handicap ramp maintenance and elderly assistance hardware (grab bars) as opposed to drywall repair and childproofing.

If you are targeting wealthier clients, you’d be surprised at how often they will hire you to simply hang pictures, shelves, TVs, or mirrors on the wall.

Who needs the services that you are best at?

Another way to approach this is to first define your skills, and then figure out which customers need those skills the most.

Who will pay you a profitable rate?

This is a great question to ask to refine your target market.

Just because somebody needs your services doesn’t mean they can afford them. You’ll have a really hard time making a profit if your ideal customer is on food stamps. Now, there’s nothing wrong with helping people, but if you started this business to make money, then you’ll want to set it up so that’s actually possible.

One thing I’ve noticed over the last ten years in this industry is that most successful home service businesses are designed to serve more affluent clients. They have a focus on quality instead of price, and they let the “cheaper” customers either DIY or hire unlicenced friends to help them.

Who do you want to work for?

This might be the most important question to ask yourself. The income from working for wealthy old ladies could be higher, but you’ll be dealing with a picky and demanding crowd.

Working for property owners or apartment complexes will usually mean lower profits, but the work will be more consistent and you’ll rarely have someone looking over your shoulder while you work.

Maybe you are dedicated to Christianity or another religion and would prefer to serve people with similar beliefs. If that’s the case, then targeting customers from your church is probably your best option.

These are just a few examples of many to illustrate the point. The key is to do some brainstorming for yourself to figure out who you would enjoy working for most.

Conclusion

Once you understand who needs your handyman services, what services they need, and why they need them, marketing your services becomes far easier.

But the benefits of identifying your ideal customer go beyond just marketing. It allows you to craft every feature of your services to fit their needs to a “T.” The better you fit their needs, the more likely they are to pay you higher rates and hire you repeatedly.

Once you have your ideal customer figured out, you will use that information to determine everything from how much to charge to what advertising methods to use.

Just don’t make the mistake of trying to appeal to everyone. You’ll end up suffering emotionally and financially if you do.

There’s a Better Way To Fill Your Schedule

Stop spinning your wheels and start getting traction. Learn how to attract high paying customers to your home service business consistently and reliably in this free report.

Handyman Marketing Guide

“80/20 Handyman Marketing”

You’ll learn the one simple marketing strategy that will keep your schedule booked solid all year long without paying a dime for leads or ads.

Have you ever wondered why some handymen are booked solid at $75/hour while others are struggling while only charging $25/hour?  Sure, level of skill plays a major role, but there is  much more to the equation.

In this episode of the Handyman Startup Podcast, I discuss strategies that you must implement in order to demand a solid hourly rate.  There are 5 things that have allowed me to go from charging $25/hour to demanding $60/hour and having customers be more than happy to pay that.  I discuss each in detail so you can start making more money with your handyman business.

Here’s what to expect in this podcast:

  • Why your appearance plays a major role in how much you can charge.
  • How targeting the right customers will make or break your business.
  • How the types of services you offer effects your profits.
  • How to re-assure customers and increase the likelihood of being hired.
  • Why quality should be integrated into every aspect of your business. [continue reading…]
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My Monthly Report – March 2013

Welcome to my March 2013 monthly report!  That’s another month in the bank for my handyman business for a total of 16.

It’s crazy to think about how far I’ve come and how much I’ve learned in that short period of time.  I went from not knowing what the hell I was doing to making a pretty healthy hourly rate.  I went from wondering whether or not I could sustain a living to actually turning down jobs.

One thing I’ve learned is that some months are crazy busy while others, well, aren’t.  As for March, it was a slow month.  One phrase I hear a lot in this industry is “feast or famine.”  I haven’t quite experienced a famine, but I would say March was pretty close when compared to the income from the 3 months prior.

So why was it so slow? [continue reading…]

Episode #2 of the Handyman Startup Podcast comin’ at ya!

In this episode, I give away some of my best secrets for determining which services to offer.  I walk you through 4 methods that I personally use to find profitable, in-demand, high dollar services to gain new customers.  Whether you are brand new or have been in business for a while, what I have to share with you will not disappoint!

Here’s What to Expect in this Podcast:

  • How to use your competitions websites against them.
  • How to uncover profitable services through HomeAdvisor.
  • How to find new services by researching on Angie’s List.
  • My #1 method for finding in-demand services to offer. [continue reading…]