Three Tips on How to Start a Successful Home Renovation Business
Did you know that the American home remodeling industry brings in about $47 billion every year? This is probably because people love to renovate their kitchens and bathrooms, as these are some of the most used spaces in a home.
So if you are thinking of opening a home restoration franchise, you are in luck — you will probably get a lot of business even though home improvement franchise opportunities are plentiful, and you will have ample competition.
Here are a few things you should know about starting your own home remodeling business.
- Pick a Focus. You will want to first decide what kind of home improvement you want to hone in on. If your company is going to focus on kitchens, you will need to put together several kitchen remodeling business plans for clients to browse. Similarly, for other types of renovations, a clear idea of of what you want to accomplish will help you formulate your business plan quickly.
- Shop. You won’t be able to do any renovations without proper supplies. For a kitchen remodeling business, you will likely need cabinet samples, tiles, granite countertop samples, paint, and several tools. Be sure that you have plenty of funds to get started, as this is crucial to giving clients the best renovation possible.
- Market, Market, Market.No one will know about your business unless you put yourself out there. You can put up an ad on Craigslist, post fliers, and ask your friends to spread the word. You will also want to think about creating social media accounts on sites like Twitter and Facebook, as most people check their accounts on a regular basis. This way, you can post deals and promotions instantly, and keep people connected to your company.
Home improvement franchise opportunities are fairly common in the U.S., as there are more than 290,000 people working in this industry. But with a little marketing, decent pricing, and quality work, you will be on your way to building your clientele fast.