Best Home Business For Handyman Network

Handyman Network

Start-up cost: $500–$1,000
Potential earnings: $20,000–$45,000
Typical fees: 10 to 20 percent of the repair cost; $45–$55 per hour if
  you are also providing handyman services yourself
Advertising: Yellow Pages, community newspapers, coupon books,
  banner ads on community-oriented Web sites, your own
  Web site with testimonials
Qualifi cations: Good communications skills
Equipment needed: Cell phone, van well stocked with tools if you’re going on
  calls, too
Staff required: Yes (stable of handymen willing to work on-call)
Hidden costs: Workers’ compensation, tool maintenance costs, liability

What You Do

A handyman network is the perfect way to fi nd employment for the retired tin-kerer. You’ll run a business similar to a referral service, where you get the call and then match a fixer-upper to a customer in distress. You will dispatch one of your dozen or so handymen to a caller, then sit back and let the work happen. When it’s done, the handyman will bring you a completed work order and a check for the service rendered. At regular intervals (typically twice per month), you’ll cut a check to each handyman for his percentage of each completed job. You’ll be handling everything from dripping faucets to deck-building or possibly even roofi ng. The possibilities are limited only by your staff ’s capabilities. Make sure to hire a wide variety of specialists, so that you have enough workers to cover any anticipated project. If you are handy yourself, you can pick and choose which jobs you most want to work on and refer out the rest.

What You Need

If you already have a van for carrying your tools and equipment to house calls you make personally, or if you are simply offering referral services, you’ll need only $500–$1,000 to get started in this business. With some hard work and heavy promotion, you can turn a profit of $20,000–$45,000. One tip: make sure you advertise on your van; it’s surprising how many handyman networks get referrals that way.

Keys to Success

It’s a win-win situation . . . you’re helping out retired and possibly displaced workers who need to do something to make ends meet, but you’re also helping a customer solve a problem in his or her home. The income is not fantastic, but it’s respectable, and there’s always room for you to make a few extra bucks if you personally take on jobs.

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