How to Start a Profitable House Painting Business

There are not many businesses that you can start with little money down and turn a profit in one week’s time. It does not cost a lot of money to get started fast in the painting business. With that being said you can lose money if you try to cut corners or short change your clients. From an investment or cash down point of view, you can get started in the business with under $50. I did start that way and went on to grow a business that more than supported me and my family for over 30 years. Buy your tools as you go, I have bought everything from sprayers and power washers with the money that I earned as I worked.
One of the areas of knowledge that I did not know, were my costs, fixed overhead and job costs, this information is needed to calculate my hourly rate. The second area that I struggled to learn was estimating the paint jobs, learning the hard way, by trial and error, I ended up giving away lots of money in the way of undercharging for the work we did.
Another thing that a new painting contractor needs to learn is juggling time between painting and getting paint jobs. Many times after working very hard to finish a job did I find out at the end of that job, I was out of work. So balancing painting and getting paint jobs was another hard learned trait. Getting work is every bit if not more important than actually painting. You will need to learn how to market and how to sell your company. Don’t make the mistake that so many veteran painters make of using the old trick of dropping the price of a paint job to get a job. That is not selling.
To be a painting contractor in this fast paced world you need to keep educating yourself or else a painting contractor with a mind that is opened to learning all aspects of the business will earn a lot more money and probably work less hours than the person who ignores the education process. Starting a painting business today is much more involved than just painting.