Those who are self-employed and in high demand could make even more.
Being a handyperson means you must be a jack-of-all-trades.
Do You Need Certifications to Start a Handyperson Business?
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This is probably the first question youll have if youre thinking about starting a handyperson business.
It makes sense, because many high-paying jobs require some sort of degree or certification program.
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But to be a handyperson, you dont actually need any of these certifications.
Typically, youll need to learn through self-study and experience while working with other tradespeople.
Did you know?
How Much Does a Handyperson Charge Per Hour?
Most handypeople set their hourly rates between $40 and $100 an hour.
That doesnt mean, as a self-employed handyperson, thats how much youll actually pocket.
That rate covers things like tools, materials, gas, advertising, admin work and taxes.
(Youll pay a lot more whenfiling taxesas a small business owner).
How to Make More Money From Your Handyperson Services
Ready to earn higher pay as a handyman?
Here are the strategies John recommends:
1.
To bring in the big bucks, however, youll have to work for yourself.
Just keep in mind,starting a small businesscomes with its own expenses.
Youll need seed money upfront, and youll have ongoing costs as a business owner.
Start Off With a Side Hustle
You dont have to dive into a new career head first.
Instead, consider making it a side hustle.
What does that look like for you?
Keep your prices low, and offer your handyperson services outside your regular job hours.
Once youve generated enough business and money, you could take the leap to full-time.
Charge the Right Rate for Professional Service
Youre not just selling handyperson services youre selling yourself.
Clients are hiring you to work inside their homes for a few hours or a few days.
Your clients will be happy to pay it.
Just dont price yourself out of work.
Certified plumbers and electricians can charge morebecausetheyre certified.
Instead, pay attention to what other handypeople in your area are charging.
Stay competitive with your prices, but dont be afraid to charge more if youre worth more.
Find the Right Clients
To charge a high rate, you have to find the right clients.
If someone only cares about price, they arent for you.
Some people only care about price, and they will always go with the lowest bidder.
double-check you have such testimonials available.
Successful bids require getting to know the client.
They can last anywhere from 30 minutes to one hour.
Maintaining a good rapport with other contractors serves another purpose: referrals.
As your business grows, consider hiring employees to tackle some jobs.
(This also makes it easier for you to take some much-deserved time off.)
Be ready for your role to change as your business grows.
Often, the more people you have working for you, the more money youll be able to make.
Note:If you have a crew, youll need to carry workers compensation insurance.
Prices and guidelines will vary by state, so look into the details before growing your business.
Even then, youll have slow weeks.
Theres no way around it in this industry.
Startup costs and slow weeks arent the only obstacles you might face as a small business owner.
Youve also got to think about the weather.
If youre not working, youre not making money.
That could mean you have more difficulty securing work.
And the good pay doesnt hurt, either.
Timothy Moore covers banking and investing for The Penny Hoarder from his home base in Cincinnati.
Freelancer Sarah Brooks contributed to this report.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
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