Start A Painting Business - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
If you are looking for a self-employment opportunity that gives you a chance to define your working schedule, consider starting a painting business. Painting is one of the low startup costs craft businesses with a high-profit margin. However, only some have the patience or the skill to do painting tasks.
To start a painting business, craft a business plan and register your business. Then, get insurance cover for your business and apply for licenses. Finally, get the right painting equipment and focus on marketing your business.
Starting a painting business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell paintings, or selling paintings online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Equipment & Supply Expenses |
$66 |
$700 |
|
Inventory Expenses |
$50 |
$9,750 |
|
Software Expenses |
$12 |
$575 |
|
Advertising & Marketing Costs |
$0 |
$3,000 |
|
Website Costs |
$13 |
$215 |
|
Specific Industry Expenses |
$0 |
$500 |
|
Total Startup Costs |
$141 |
$21,740 |
Case Studies
•
$20K/mo
•
$61.6K/mo
•
$27.5K/mo
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
Van Woof |
vanwoof.com/ |
73 |
|
|
asianpaints |
asianpaints.com |
14,099 |
|
|
The Flooring Girl |
theflooringgirl.com |
103,089 |
|
|
CertaPro Painters |
certapro.com |
158,361 |
|
|
Paint and Sip Wine Painting Parties |
paintingwithatwist.com |
192,681 |
|
|
Five Star Painting |
fivestarpainting.com |
210,654 |
|
|
WOW 1 DAY PAINTING |
wow1day.com |
253,647 |
|
|
Arizona Painting Company |
arizonapaintingcompany.com |
259,803 |
|
|
Sharper Impressions Painting |
sharperimpressionspainting.com |
311,258 |
|
|
PaintTalk |
painttalk.com |
314,179 |
|
|
National Gallery of Ireland |
nationalgallery.ie |
403,047 |
Pros & Cons
| Pros | Description |
|---|---|
|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
|
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
|
Rewarding work |
Starting a painting business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
|
Scalable |
With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers. |
|
Meaningful business connections |
You never know who you will meet as a painting business. This could be the start of an incredible business opportunity! |
|
Quick build time |
The average time it takes to build your product is quick - typically around 8 months. This will allow you to bring your product to market faster. |
| Cons | Description |
|---|---|
|
Crowded Space |
Competition is high when it comes to your painting business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
|
Low margins |
The gross margins for your painting business are typically around 30%, which can make it more challenging to incur new expenses and maintain profitability. |
|
Work can be inconsistent |
As a painting business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have. |
|
Lack of benefits |
With a painting business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
|
Taxes |
As a painting business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
|
No safety net |
Typically, as a painting business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times. |
Marketing Ideas
-
1
Affiliate Program
Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.
Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.
The affiliate typically gets a unique link where clicks and conversions can be tracked.
-
2
Direct Sales
Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.
For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
-
3
Word of mouth
Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
