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8 Things to Consider while Starting Home Painting Business

Starting Home Painting Business: House painting is a skill that most people can pick up quite easily.

It is one of those rare home based business opportunities that actually work and it is very possible to make $30- $50 an hour without much effort.

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A good painting job requires practice, precision and patience, and because it’s so time-intensive, many homeowners are looking to outsource the painting of their homes, both inside and out, to a professional painter.

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If you enjoy painting and do it well, you are in a great position to start a painting business that has the potential to be very profitable.

1. The Pros of Starting a Painting Business

Along with being able to create a business around an activity you enjoy doing, some of the benefits you can experience when you start a paining business include:

  • It’s easy to get started, especially as a part-time business.
  • Startup costs are minimal.
  • You have the potential to make a good income once your business is established.
  • It allows you to have fun and be creative.
  • You can specialize by providing services such as faux painting, special finishes and historically authentic painting.
  • There are franchise opportunities available.
  • You can offer related services such as wallpapering for added income.
  • You can target homeowners, builders, landlords or interior designers.

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2. The Cons of Starting a Painting Business

Some of the potential challenges of starting a painting business include:

  • It’s very physical work, so you must be in good health.
  • You may face stiff competition.
  • Some of your work may be seasonal.
  • You have to paint exceptionally well; it’s also a good idea to offer some kind of specialty service to differentiate yourself.
  • Your work can fluctuate with the health of the economy.
  • You need a knowledge of paints, primers, cleaning solutions, etc.
  • You need basic painting tools and equipment such as ladders, rollers, brushes, sprayers, etc.
  • You need a business licensing, insurance and bonding.

Residential and Commercial Painting is a 22.5 Billion Dollar a Year Industry!

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Every day homeowners across the country (and around the world) spend millions of dollars to have a living room, bedroom, kitchen etc painted. This is an industry that indeed has an unlimited amount of work available.

There is far more work then there are painters. Listed in the top 10 businesses in 2006 and predicted to grow into the foreseeable feature, there has never been a better time to start a painting business then right now.

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3. Basic Painting Skills Are Easy to Learn.

It doesn’t take much time at all to develop basic painting skills. Just about anyone can do it. Most painters who learn through “On the job training” pick it up in just a few weeks. All it takes is a little practice.

4. Very Low Start-Up Costs

A painting business is one of the best businesses because it doesn’t require a lot of money to start. For under $250.00 (depending on where you live) you can get a painting business up and running and earning money.

With start up costs this low it doesn’t take long to become profitable and if you target small high paying jobs your overhead costs are next to nothing.

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5. No Expensive Advertising Needed

Unlike most other business, a painting business doesn’t require a huge monthly advertising budget.

In fact it is completely possible to build a profitable painting business without any traditional advertising at all.

Smart painting business owners spend time building relationships with people who “know people” that can refer them jobs.

6. Earn Professional Income Working Part Time Hours.

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Many successful painting business owners earn $60,000 – $100,000 per year working less then 35 hours per week. Once you develop your skills and become proficient.

It is not uncommon to make $300-$500 per day working just 4-6 hours.

It is possible to earn more in one day then most painting employees make working a 40 hour week.

Every day painters sell their valuable skills to a boss for a measly $12-$15 when they could be earning top dollar running their own painting business.

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7. Freedom, Lifestyle and Security.

The best thing a house painter can do to secure their future is to start a painting business of their own.

The potential to earn an above average income working part time hours is one of the biggest benefits of owning a successful painting business.

Many painters are making a great living running their own painting business.

They drive nice vehicles, live in nice homes and have the time and money to do the things they love.

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8. Outstanding Tax Benefits

Running a small painting business out of your home offers many outstanding advantages like high profit potential and low over head.

Expenses like gas, tools and your vehicle may be write offs.

Be sure to check with your accountant) But the tax benefits of owning a  small business are wonderful.

As you can see the sky is the limit for painters.

Unlimited work and top pay draw a lot of people to the painting trade every year.

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Andy Thompson is considered a top authority in the painting industry.

He is a successful painting business owner and the author of Painting for Profits – A Complete Insiders Guide to Starting and Growing Your Very Own Wildly Profitable Painting Business.

Andy also publishes a free monthly Painting Business Tips newsletter that is jam packed with 100’s of tips and tricks for growing a profitable painting business! Claim your free subscription now.

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