How To Start Your Side Hustle (Legally)
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- Опубликовано: 3 окт 2022
- Getting started can be hard. Today I'm giving you a bird's eye view of some important things you'll want to consider if you're serious about starting a trades-based side hustle. Why do I think right now is the perfect time for a side hustle? Watch here 👉🏼 • How To Make $1000's On...
Things like insurance, taxes, incorporation as well as federal and state compliance.
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Хобби
Why do I think right now is the perfect time for a side hustle? Watch here 👉🏼ruclips.net/video/5GOfX7YsLx4/видео.html
Just started doing work on the side starting January 1st, 2022. I'll make $20k this year working 1 day a week, only doing jobs that I really want to do. I have a 9-5 in IT, and I wanted to do something with my hands. Jeff speaks the truth!
Cheers Rob Well done!
is that US dollars?
What kind of work do you stick to?
I 2nd this motion 🤚
How did you advertise your services?
Got licensed and all legit back in May on the suggestion of my husband. It’s been amazingly and so rewarding financially and emotionally. I specialize in helping women since I’m a woman contractor. Lots of work out there.
That is awesome! Cheers!
Hi, what kind of work do you do? I’m also a female with interest in helping other females :)
Genius!
thats amazing! there is a lot of courage in what you have done. would you mind telling any more of your story for those of us out there who are similarly interested but are scared and stuck in the "i'm interested but i dont know if i should seriously consider this to prep and go through with it" stage.
what is your license called exactly? how did you learn and practice things to even have the confidence in your skill to start selling services? did you just wing it or go to a trade school for some classes? is your husband a contractor so that you had tools and workspace around the house already to practice? what is the scope of things you can do under your license?
Yes, love to see this but also very concerned about personal safety. I want to help female clients as well, but still concerned about how to keep myself safe. Any thoughts?
Most important is don't get in over your head with promises and skill level.
keep it simple and let the business grow with you!
Love your channel and love your recent videos on the other side of home repair. I've been a full time engineer mostly stuck in an office for the last 10 years. And honestly, most days it's soul crushing. I've done some DIY work on my house and while it isn't top quality it's safe and got the job done. Videos like this make me want to practice more and consider taking on side work. Maybe even going full time one day. There's money to be made, and it sounds way more fulfilling than being stuck in front of a computer for 40+ hours a week. Thank you for your channel and all of your videos.
Another great video. No nonsense, factual, to the point, informative and encouraging. Thank you so much!
did my first California patch yesterday! learned it from you! ive done tons and tons of normal patches, but yesterday was a good opportunity to do one, and it honestly was the best solution to that specific hole. thanks man!
Jeff is an honest person really helping folks here. There are lot of youtbers who provide good content but quickly become underground in explaining how much money the work could make. Jeff on the other hand is straight to the point with real life experience and consequences instead of showing Sq ft of workshops with expensive tools yet calling it diy.
Thanks for this video. Over the years I have found you to be a great teacher. This video proved my point. Keep them coming. PLEASE!
Thanks, will do! we filmed a series to help get folks out there and making their own money! Cheers Woodland Burl for being a great part of our community!
Bc of your channels help and also personal experience and knowledge, I have started my own handyman business, I am a registered contractor and am insured. I have doubled my income and my phone doesn't stop ringing. Hopefully one day in a few years I will be able to stop working for the man and go full time self employed!!
Keep it up! Freedom is around the corner!
Thank you so much for all the training you’ve provided me all these years.
I’ve saved money myself and for my friends and family by fixing and installing various things around the house by learning from your videos.
I’ve been watching your videos for years, and have gained so much knowledge and put to work.
I just quite my regular job and am a full time handyman now. Since past 2 years I have been putting 5 hours a day while I was working full time just to gain exposure and money before I go full time.
Registered and insured last night after watching this video. Something I didn’t think about since the handyman jobs been keeping me so busy here in the GTA. Now I am full time and having so much fun doing it. ❤
You are amazing!!!
Years ago at work we often needed a retired guy with special knowledge to come in as a contractor to do work. His situation was such that he needed to keep his "official income" from going beyond a certain amount. So his work around was to bill our company for "use of tools" rather then an hourly rate. It was basically a rental on paper instead of personal income going to his W-2 or 1099. Not sure if that works now but it very well might.
Hands down;
Absolutely the best advice ever!
Excellent!!
Glad it was helpful!
No wonder why I love all your videos no loud background music no no distraction and I could clearly understand what you're saying
Cheers Anthony!
I'm excited for this series!
Cheers Jordan!
6:00 Wow, we found the guy who coined the term "gig economy" 🤯
Best advice ever! Long ago I sold real estate. Woe to the man trying to buy a home without that paper trail! Working under the table basically consigned you to living in rentals or buying with cash. Not too many people want to live in a property that they can afford with their amount of free cash.
Really need these insights you’re sharing. Thank you.
Glad it was helpful!
I was just talking with my wife the other day. Had I known then how much I would enjoy working on our own property, I would've gone to tradeschool instead of becoming a teacher. And since I don't work for a school district anymore, maybe this kind of work is still in the cards for me. Looking forward to more, guy! Thanks again!!
Well done!
I've been wanting to do exactly what you've been talking about. Time to get a plan in place.
Time is your enemy. this market condition won't last forever. Best to get in and get noticed while it is easy. Cheers!
This is awesome, thanks. Just what i needed! 👏🏽👏🏽👏🏽👏🏽
Glad it was helpful!
This is right where I'm at, thanks for making this video looking forward to the next one sir
..
More to come! See you next Tuesday! Cheers!
Just when I thought this channel couldn't get any better........ turns out you have 1st class taste in music as well. Another cracking video. You Sir, are a legend. 👌👏👏
Glad you enjoy it! Cheers Jim!
Great advice. Thank you. 😊
Thank you for all of your content!
My pleasure!
Made my first dollar cleaning gutters today. Good hard work. Thank you!
Excellent advice 👍👍
you da man! thanks for all the great info not only in this vid but all others as well
Glad to help. Cheers Adam!
This is the best reality check video. Great job!
excellent, thank you for your time 👍
Happy to share some insight! Cheers!
You're truly spot on! Bumped into a vlog of this young man who earned $500 just by cleaning the windows of 2 houses. Imagine getting that money in just mere hours. Great advice for young people!
Great advice for anyone. Cheers!
Excellent video thank you
thank you for good video and important info !
Thanks for this video.
Cheers David, you can do this!
Great video sir! Thanks
Cheers Travis!
You are such an inspiration. 💕
Thank you! 😊
Best advise in the bizz! Great video brother
Started my own contracting business in BC 2 years ago and this advice is spot on! There is so much work out there and anyone skilled should start their own business. I book out 5-6 months just based off word of mouth, doubled revenue from last year and started hiring staff.
Love this channel!
Cheers Joshua, It is a great time to be in the trades for sure. Joshua be making heart surgeon money. Cheers!
Gutter cleaning is a great example. It's a job "anyone" can do and everyone can't do. Something like that can lead to all sorts of other work starting small and getting bigger and more complex. Roof repairs, other cleaning, tree pruning and totally unrelated work. But it does require interest or inquisitiveness. Also it doesn't hurt to hire yourself to other trades so you can watch and learn.
Absolutely!
Wonderful keep it coming
We need more subjects about this.
Good subject thanks
Cheers Caleb!
I just paid a friend 75$/hr for he and his wife (also 75/hr) cash to renovate an attic here in the States. The cost of labor ate through my budget. So it’s now a DYI, and I wake up thankful I’m saving myself that money!
OK I am a 63 y/o woman who is not afraid of being on a ladder (painted all the trim on my victorian house) We learned a lot from your channel during lock down and have been rocking the DIY life. My wife is a self employed cleaner and has noticed that there is a market for even really weird little things. Do you know how many people can't tighten a darn toilet seat? She carries a tool kit and helps her clients, but she could seriously charge for those. And that's before offering to do a California drywall patch! I am definately not wealthy and definately not looking to hire, but I think us gray haired folks out there who like to DIY can find a niche too.
I was amazed how many people have no idea where main water shut off is. Or a drip from 2nd floor ceiling is not plumbing. Or air filters need changed tween 30 and 90 days, depending on filter type and conditions
Without a doubt the opportunities for those looking to work on the side far outweigh any concerns we have about the economy!
Just awesome! Shared with my boys who are wonder what to do now. 1 senior 1 grad.
My nephew is a senior in high school. Has no idea what he wants to do. Tried bagging groceries and mowing lawn at golf course. Mom and Dad don't have lots of money so he needed to work to buy what he wants. Then he got a job working construction this summer and absolutely loves it! The key is to try something. It doesn't have to be permanent.
Every experience good or bad is great experience. Time to get out there and have some. Cheers!
This is great video topic!
Glad you enjoyed it
3:16 Yes! When you charge top dollar you have to provide top notch results! So true!
Thanks! with this!
thanks mr renovision. I'm waiting for the next one ;)
Solid advice Jeff. If you have the skills to renovate then invest in real estate/a home. Max out those RRSP's, take advantage of 1st time buyer programs and take advantage of the future real estate market. Every house I bought at least doubled every 10 years(BC), average for Canada is around 50%. Every month I earned income. Expenses increased but rents increased more. I have been semi/mostly retired since my early 40's. Just chillin in Mexico atm and U can to :-) Remember, most realtors got into the business to make $$$ so do your research and also find a good mortgage broker, financial advisor.
Thanks so much, I've lost my job 6 months ago and have been applying for 10 jobs a week and getting nowhere. I'm thinking maybe this could be an option for me. Got myself in a frustrating situation. Somedays I don't even want to get out of bed. I'm handy doing things around the house. I look forward to your next video. Thanks again
I have some kick ass Hispanic guys installing my porcelain tile flooring right now and they're doing it for $8000 cheaper than the big flooring chain store quoted me, to boot! I'm a pretty picky person and these guys are doing a perfect job!!! 🥰
Great find. In my experience basic jobs can be done better by folks who are trying to build a new life then by pros who are bored with what they do. Cheers!
I started my home services business about a year ago after I renovated my basement. Im on pace now to make more money being a handyman than I do at my day job. There is so much money out here and not enough people that know how to do the work .
Hey Jeff, long time lurker first time commenter 😅 I'm also in ontario (Toronto specifically) and was wondering if you could tell me or make a video about what is needed in ontario to start a general contractor/handyman business. I've been looking into starting this but i'm stuck on the licenses portion. Thanks in advance! ps. love your videos they have helped me countless of times
Great video! You probably don't want to get too regionally specific, but I would like to hear more about WSIB in Ontario. It is my understanding that you don't need it if you're doing work for a homeowner in their own home and you're not hiring any employees or "helpers". But if you do any "commercial" work including landlords hiring you to do work on a rental property, a small coffee shop that needs some painting, or even the local church that wants their grass cut (these are all job enquires I've had), you need to pay WSIB premiums on every job you do, including the residential home owner jobs. So you have to be careful. Also, no electrical work in Ontario, no matter how simple it seems. You'll get in trouble with ESA.
Man this Jeff fellow is quite smart!
wisdom comes with age and failure. Cheers!
I want to point out how easy it is to do stuff the right way a business license is a onetime or at worst annual fee of less than 100 dollars. Business liability insurance is in the neighborhood of 50 bucks a month. Doing things correct isn't a huge obstacle. Remember to charge More than your time is worth because you also have expenses. Tax insurance gas materials all cost some and you need to budget that stuff into what you charge
great points we are covering what to charge in a video soon.
so happy you started this, I want to start something. I'm also in Ontario. Would love to know how much I would need to charge a customer for a job based on the tools/product you have to buy + labour if there is a golden rule to follow
that video is coming very soon. Cheers!
Thanks!
Cheers Rem!
What should your invoice look like? Example: Painted trim / garage door.
The more details the better in case of conflict. Cheers! list products dates and times.
Tip for your invoices: add line items for work being done with description of the work that the customer can initial/sign on. This will protect both of you. As both acknowledge the scope of work, customer is protected from someone not providing service they agreed to, and person providing service has recourse if client is refusing/withholding payment.
And change order. If customer changes ANYTHING: change order. There are 2 types of people that will be the end of well meaning trades people. I call them "what-a-bouts" and "while-your-here". The call is for one thing, and then turns into 5. "What--a-bout...".
The scope of work is for a custom built in closet, and leads to an addition. "While your here...."
@@keithmarlowe5569 Yup, currently dealing with this now. I want this and then when I show up it turns to I want 10 other things but I dont want to be charged. Also these types of people tend to be liars. I was told by a wife that they got their house renovated over a year ago then speaking with the husband he told me they moved in less than 3 months ago (There was still moving boxes in the house unopened). The wife is pregnant and told me she could give birth at any moment and wanted to work completed as fast as possible without paying any more than I already charged, when I repeated this to the husband that she could give birth at any moment and we will do our best to complete it in a timely manner he looked at me with wide eyes and complete confusion, as if I just spoke to him in a foreign language. Scan your prospects and be prepared and willing to not work with dishonest people as theres no amount of money that you can trade for your integrity.
Dude you literally just saved me time in this I literally working on getting my business started and this video came in at such a perfect time
Cheers!
Literally
In Canada, if your revenue is less than 30,000 a year, you don’t have to charge sales tax. it’s called the small supplier rule. This can be attractive for customers. On the downside, when you go to the store to buy your materials and tools, you will have to pay sales tax there and you don’t get credit back for it, which you would if you were collecting sales tax from customers.
makes no difference if you are charging the customer the whole amount and can avoid the wsib as well. money in your pocket.
I believe that in most states in the US you can talk to the local extension office and they can connect you with people that can guide you. Even down here in Mississippi MSU has a lot of things to help people start businesses. of course, the state also recently made it illegal for me to do a lot of things I used to do on my own home smh. actually, that's just what I've heard, I haven't been able to find the actual statute.
google next insurance and handyman, they have a list of rules from state to state. Cheers
I'm 67 yrs old, and started doing handyman services in my 30's and still doing it. Where I'm at now there's more work out there then I can do.
Cheers Mark! It is the same in every neighborhood across all of north america and europe!
I need work to do
A friend of mine wanted to buy a vehicle but he didn't have a credit rating because he had a lot of cash and didn't need credit up to then. I suggested he take $10,000 and offer it as a down payment. Well, he instantly he had credit given to him by the dealership which financed it without the bank. They knew that if he missed payments they would repo the vehicle and keep the down payment. Cash talks and bs walks.
I got so interesting on this cause I bought i house 3 years ago and I been working on basement, lawn and other stuff by myself and I have learn a lot, I had a little bit of experience cause did comercial framing a drywall and I had tool but thinking about having a side hustle I become lazy guy😅😂😂
Im a Private Tile Contractor in toronto, Ontario canada. I do more custom tiling work and average $400-$500 daily 8hrs a day
Hire me
Thank you for doing this type of videos.
I look forward to your thoughts on what to charge in regards to,
Just simple labor
Labor with a good amount of tools
Labor with a lot of or expensive tools.
Charging for time to buy supplies.
it is an easy formula and depends on your own confidence. My rule is keep raising your prices until folks start saying no. Cheers!
Ser, you need to move a bit away from a mike, you can hear your "P's" throwing a mike off. Overwise, love your videos. "Handyman" here from Cali, welding, appliance repair, electrical.
Love the videos 👍🏼
Glad you like them!
I like your mic. any recommendations for content creation.
I would disagree on the start with low prices. I find people who just want the cheapest they can get don't care how good you are they are more likely to still complain are about small things, they pay for a Corolla and expect a Bentley. Whatever the market rate is, aim for just above middle those clients don't want the cheapest cause of the horror story's but generally less pedantic thing top tier and are more likely to be the type of people who have other friends and family they'll recommend you do - Sure you might get a few more call backs but thats opportunity to grow and show you stand by your work
I’m shopping liability insurance to cover work in California. Any tips on where/who to shop?
Check with Next insurance.
Well it didn't take long for you to start this series. If you remember I was the first person to be interested when you mentioned it in a past video.
folks are hurting needlessly out there. This is the time for blood sweat and tears!
@@HomeRenoVisionDIY I saw it coming in 2021 so I put together 25K and started Metro Mow Crew LLC. A Handy Man business is next after I finish my 1st house up with the help of my dad and you!
is something like drywall repair really a one day job? what happens when you have drying times for mud or paint coats and things like that? it might not take all day, but given the downtime between stuff what happens then?
Stay tuned. I’ve got a video coming in a few weeks specific to drywall. Cheers
I've seen handymen who advertise obviously illegal work.. offering gas line work or electrical wiring with no license.
Great videos but he's using the mic wrong(the front of the mic should be Infront of you, usually you can figure it by where the logo is), but no worries the tips are great🤝🤝👍
Hi Jeff, obviously it varies by location. But do you know if the required experience for a contractor's license (in my location Virginia Class C license requires 2 years experience) can be satisfied by working for yourself without a license for 2 years? In Virginia you can work without a license as long as the jobs are under $1,000 and aren't permanent structure, electrical, HVAC, plumbing. But I can't find any way listed on the government websites to get qualified experience other than a letter from previous employer (contractor, tradesman, builder etc).
Thanks!
That is definitely something you should make a call about to the building office. I would argue that being in business and having great referrals should count as well but they might want a longer duration or a certain number of referrals. with the huge labor gap they might be open to creative solutions for the rules themselves. Cheers!
@@HomeRenoVisionDIY Thanks for the response!! It's amazing that someone with so many subscribers takes the time to respond so well!! Thank you.
So your saying we should charge by the hour? Not by the type of work that is being done?
Your channel is very informative and insanely entertaining❤️keep up the great work and thank you for letting people share some ideas here , it has helped me reach over $187,000 in trading by age 27! .
Congrats
I’m convinced that the big investors and analysts are trying to scare us to keep us poor and ignorant to the market…because its steady doing good after all the jobless and market crash talks
@Rose When I was 20 but you need a finance pro to be successful.
@Rose Join ⬇️⬇️
MULTIINCPLAT_
Hi, which vinyl flooring underlayment do you recommend. Ty
Depends on the substrate. The manufacturer will have every possibility covered in instructions. The floor I purchased had a qr code, but it can be found by going directly to site. Do look up videos though. My floor had all sorts of requirements I didn't bother with. Like moisture and alkalinity test.
I love cork. Cheers!
My 23yo kid has been a GC for a homebuilder for the last year or so.. He's learned how to basically do anything construction related. Just today he sent me a snapchat of installing a medicine cabinet that the sheetrockers covered over.. Anywho, He's in the process of starting a construction trash removal service on his days off. He already has jobs lined up.. He wants to get a few years of being GC before striking out on his own building his own homes..
I think you misunderstood the term general contractor. The gc is the boss. Your kid is a labourer.
Hi Chris, sounds like he is working as an independent contractor which is a tax designation. in truth he is an employee and deserves the protection that employees get. Glad to hear he is learning tons and enjoying the experience.
@@xavytex excuse me, he's an construction manager, my bad.. He runs the crews that build in his neighborhood, so he's more than just a "labourer". The point is, he's doing things on the jobsite when the trades aren't around or get to in time. i.e. plumbing/ minor electrical/ sheetrock/ landscaping etc.. He's turning those learned skills into a side hustle on the weekends..
@@cdupla1 I wish all managers could be on the tools like you son. In my area (Ottawa), a manager doesn't do much. They have pretty trucks though ;)
Say that. LOL!
One of the first 3 views!!!
Cheers Nina!
Listen to or read "The E-Myth" by Michael Gerber. Why most small businesses fail and what you can do about it. Why do franchises succeed over most small businesses? The rules mentioned in this video are a great example. Just having rules, and strictly adhering yourself, will set way apart.
Cheers Keith, basically stay in your lane.
Are you going to have a video of how to get paid and not ripped off. Because it happens out there
Yes we are doing a whole series of running a small business!
Hello I'm a handyman that works in Ottawa, I take on jobs in Quebec every now and then, Do I need a license to install light fixtures or hood exhaust in Gatineau? Should I make sure I'm only making $500 and under?
I would suggest not even taking your vehicle across the river. If you have an accident working at all you are in a heap of trouble. Plenty of work here in Ottawa to keep you busy. Don't mess with the labor laws here. You will loose much more than you will ever make.
Gold
In Quebec, it's such BS when it comes to electrical work. Even as simple as changing an electrical outlet to the same amp and voltage, you need a licensed electrician.
Jeff, in the top left I see a stack of albums. I'm wondering if the one on top of the stack is Sgt Pepper's?
well played!
@@HomeRenoVisionDIY Damn, I deserve a prize for guessing that! It's not an an angle where you could see very well and threw it out there as a guess! Anyhow, those must be some really deep built-in shelves to fit 12" albums sideways.
definitely!
Jeff, Thank you.
You tread heavily, but you speak the truth.
Hmm, I wonder, if you can help me?
🤔🤔🤔
This video, has made a shift in my thinking around business. Specifically around engaging more fully with my trade and my skills.
I look forward to your next video around "Pricing". Cheers
Im going to show this to my 20s something sons, he doesn't need a good side hustle?
Sounds like how RR Buildings started.
Comparing school teacher to drywaller is a little different, one's a government job and a non-appreciated one. You'd have to compare like someone in generic administration and they'd make about the same without breaking their back, except maybe with some cruddy chairs. I do however enjoy working with my hands, just not a full time gig.
When you said gig what are you referring to?
small jobs done in 1 day or less!
I’m a jack of all trade there’s nothing I can’t teach my self
Is it only in Quebec were the RBQ is an issue , it's not required outside of here?
I am sure Quebec can take care of Quebec. Cheers
@@HomeRenoVisionDIY I'm asking because everywhere I look an rbq licence isn't required anywhere else expect Quebec or am I missunderstanding
very true.
One chance boss
Question! How do you decline a job once you enter a house and find out the owners a hoarder and they want you to install a garbage disposal under a cabinet crawling with roaches?!
I tell them, "I'm sorry but this is a health hazard, and I can't install your disposal today until the area has been cleaned and sanitized." If you send me some pics after it's cleaned up, I'll gladly put you back on the schedule and give you priority. Have a nice day." Then I head back to return the disposal from where I bought it! 😂
for any work you DONT want to perform quote it 10 times higher than your normal rate. $100 an hour becomes $1,000 an hour
@@keithbussanich and sometimes you still get the job😊
You have every right to refuse work if your feel unsafe or grossed out. just give them the money back and be glad!
I just installed a garbage disposal, the cabinet had cockroach poop all over. I wiped all off. Wore my gloves and got to work. :)
I don’t do much well though. 😅 What else to do?
basic maintenance like caulking or gutter cleaning.
Maybe we should rust job the old people.. ya BP rifle, single occupant.. we may end up short on food but there WILL be an abundance of Crystal.