You can easily start a painting business if you love to paint!
Here's another low-cost business idea which you can get started quickly.
While painting generally looks easy, I'm sure you're aware of the amount of physical stamina which can be required to do ceilings, low spots, and high exterior buildings.
You'll also need to have an understanding of the different types of paint, an eye for color, and the ability to handle the details since some paint colors might be relatively "close" to one another or could be the same but have different sheens/finishes.
All of this impacts the final look and feel of your project.
One of the first steps, is a trip to your local paint or home improvement store for some of the basic supplies required – including cleaning supplies, brushes, rollers, and paint sprayer is ideal for larger jobs.
There is also a great deal of prep work including cleaning/scraping that may be necessary to do the job well!
Work with your local store reps to determine the best way to handle the job or check for online resources which may show you how to use specific products for best finishes.
Think about setting-up a contractor account and arrange to buy your supplies on credit where they assign the specific job code for you (to help with your accounting records) and/or to arrange for a business discount for the materials you purchase.
As you start a painting business, you’ll also want to work directly with your insurance agent to make sure you are covered in case of any accidents.
Join a couple of networking groups, talk with owners of local paint supplies stores, and let some of the home improvement stores in your area know that you’re starting your business.
Also, go through your neighborhood and identify homes that may be in a need of a paint job – talk to the owners and let them know you’re starting your business.
As you start a painting business, get your word-of-mouth advertising working for you. If you have some BEFORE/AFTER shots of some of the jobs you’ve worked on, take them along to show others the skill of your efforts.
It’s important for you to be dependable – this will get you a bunch of referrals. Be prompt and finish your jobs on time and on budget.
You’ll be ahead of much of your competition if you can stay on time and within the budget.
When working with commercial accounts, it’s imperative you finish within the timeframe provided when you prepare your estimates.
Resources: Paint, brushes, rollers, paint sprayer, cleaning supplies.
Time Required: 5-15 hrs/week; full-time 30-40+ hrs/week
Training: Work with a local painter to get experience, attend low-cost classes at home improvement stores, recreation centers, community colleges or trade schools.
Market: Home owners, realtors, property managers, small businesses
Home Based: Yes
Location: Local, Regional
Start-Up Costs: $100 - $750
Minimizing Start-Up Costs: Use word-of-mouth advertising to get your name into the market, ask your customers to pay for the paint or expensive materials up-front to defray your cash outlay, place an ad on Craigslist to find new customers.