The Best Location To Be A Handyman | THE HANDYMAN BUSINESS |
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- Опубликовано: 5 сен 2024
- Here is my new website check it out and tell me what you think thehandyman.st... This slideshow shows all the major cities and how much you need to make to live there. www.gobankingr...
Simple home repairs in affluent, white collar communities is where the money is at! People want things fixed quickly and they don’t want to have to worry about it.
I learned this a long long time ago. If you make 3 circles that overlap. They will form a triangle. Each circle is has a name 1 PRICE 2 QUALITY 3 SERVICE Where the 3 circles overlap this area is labeled VALUE. Every customer has these 3 criteria and for each the order is different. This priority will change how the location of VALUE area moves. The underlying message is that if the customer thinks he got a good VALUE then he/she did. When you are in business you need to know what the customers motivation is and where it is based. You are very good at selecting the correct customers. I am working on finding these customers too. Thank you!
Great comment. Especially the part about VALUE
Know your market, know your worth, know your competition.
My last girlfriend told me that I am worthless.
Love the video! I am a handyman/contractor in a 3 city area with total population around 150,000. I can nearly guarantee myself any work I want just by showing up, giving an estimate, and communicating with people. People skills and prompt service can take anyone in the trades as far as they wish. Unfortunately it's all to common for trades people to be entirely lacking in this area. But it makes things better for those of us who have what it takes!
Thanks, Sir HandyMan, you're channels never stop improving! You're doing a massively generous deed by sharing all that you do. Wishing you and your inner circle the best.
Thank you.
MASSIVE!!!
No BS here. The Handyman speaks the truth. I can tell you that I live in a beach resort town on the east coast that has a population of 6,900 but has close to 25,000 rental units . There has been many a time that I have given out a price. The I really don't want this job I have to much on my plate now and they jump on it. Why? Because I showed up . Here people have the hardest time to get people to show up just to give them a estimate and people are will to pay to get the work done.
Okay I"m packing my bags now! Where are you located? :) Beach resort area - wooowwww....
I have a similar situation. It's not a beach town but there are mountains and lakes. We have 1,500 year round residents and 10,000 more with second homes. There is more work than the local labor force can keep up with. I charge almost twice as much as my competition and I get more jobs than I can accept. All because I answer every phone call and look at every potential job. That plus a 20 year reputation for quality work, a clean and organized job site and shutting my radio off when the client is home. I'm scheduling exterior paining two years out.
Thank you Thank you Thank you for finally fully addressing this. Location is absolutely paramount for working in ANY kind of trade.
By watching these video's and stepping up my business direction, I have made the MOST this year than I ever had before. And it keeps coming. Know your self worth to people, the product and service you provide and stick to it. Has't failed me yet. Thanks!
That is great to hear.
Not complaining, seems like this should have been one of your first videos on this Chanel, I am in South Carolina and I ask for and get $50 an hr, might be able to get more if I tried, but I America older and on my way out so I have no big goals or plans, wish I had started thinking like you do years ago, I wish you all the best and God bless you, I'm sure you will reach your goals, make as much as the market will bare
Where
You're right about Austin having a large supply of blue collar available but finding the high quality tradesmen is a different story. There's always room for excellence. I make good money (not rich) but I take my truck to an expensive mechanic simply because he knows his trade and there's no getting jerked around so it's worth it to have that level of competence and reliability. Same with my guitar tech. But I manage my money well and that makes all the difference.
I'm so glad I decided to not be cheap, or grab my tools and paid the guy $50 to set my guitar up in an hour. Best $50 I have spent in a while👍
This is excellent information especially for those new to running their own business and even for those of us that have been doing it for awhile now. I live in an area that is known as poverty with a view. The average home cost over 300k but the average salary is $15 an hour. The kicker here is we are a college town with plenty of second home owners here as well. We have lots of million dollar homes and those are the customers I target. When you are in this business long enough you realize that you would rather charge what you need to live and cover your overhead than to charge less and work more going broke the whole time. You can go broke sitting at home drinking a beer rather than running around like a chicken with your head cut off. The hardest customers I have ever worked for were the lower dollar customers because they want the 30k bathroom for 10k and there just isn’t any way those numbers are going to ever work out in your favor and they are the ones who want to nit pick everything. Also if someone ever tells you they don’t want to pay the going rate for something in your area just walk away because I can tell you from experience they will just be a royal pain to work with and you won’t make it up in another portion of the job you will end up working for free and you will miss out on good jobs because you are busy doing that one.
Your a businessman. That's it, plain and simple. The difference between you and the haters is you're a better businessman than them. Best of luck to you and keep it going.
Excellent video and Intel. You are correct about large metro areas. Lots of folks installing electrical and everything else.
I really appreciate your straight up honesty. No bulls@#$. Thanks
You hit the nail in the head my amigo!
I agree 100%...kudos on the great video!
Love your stuff Handyman! One quick aside....I live in Texas...In an area that has been one of the fastest growing cities in America for several years now. I agree about more competition...but two things come to mind...there is a ton more work here than in many other areas of the US. Also, I have hired a few day labors (Manuel, Jose) and they don't give a crap about quality! As a matter of fact they think they have a better way of doing it! Haha. I work alone now. I learned that going the extra mile is worth its weight in gold! (It has been raining all day here. (Ido rainwater drainage and sprinkler systems) So I call some perspective clients and ask if I can come over to look at their lawn to see how the water flows and see the areas that are flooded! There I am standing in a downpour! They see me and I get the job! I cattier to the same demographic here as you. Get a few people to say good things about your work and you are set!
The handyman’s channel number 1 I the WHOLE WORLD! we really appreciated your tremendous professionalism...I commented from time to time your videos and this one is definitely one of my favorite! Greetings from Oxnard CA.
Great video Handyman!
Spot on. I learned this lesson about 4 years ago, when I worked for a client who taught me some invaluable lessons and information about economic relativity. In short, my clients are always willing to pay me, up to what they make on an hourly rate, for my services. I target neighborhoods where people are earning $300k+ annually. It has worked very well for me. People that earn more than $300k will choose me over others, because they have faith that the job will be done, as well as it can be done. Like refers like and my business is growing in this demographic.
The market and the scarcity is much more important than median income. Your example of Texas is perfect. Houston is the ideal market. High income, low cost of living. BUT! There's a handyman on every corner! I'm two years in business and still can't fill my schedule.
Definitely alot harder to start a business in a poorer area in the trades
Punctuality, good communication, good manners and great skills get you paid! Deep green here too.
Great content. We are practically neighbors handyman and my area is very similar. There is tons of work and money here but the quality of workers is awful. Homeowners are so happy that you show up they practically hire you on the spot.
This is why I got into this like of work. The quality of the workers here sucks.
Here in Hawai'i, that is why I'm as busy as I want to be, I show up when I tell them I'll be there. Most locals here talk a good story but then decide there are other things they want to do that day... especially if the surfs up!! LOL
So true! I live in Capitol area of CA, in a rural county, but one of the towns I serve has a big fancy University... I serve the folks with PhD's, MD's, law degrees and only do the small jobs, no remodels (yet). I have to work within the Nanny state laws for projects, so I do a lot of $500 or less jobs. Right now my average job is $250.00 . I am done with most jobs in just under two hours, and have a $50 vehicle fee that is added on to each job. So if I do my math right, I make $100/hr (the vehicle fee doesn't go toward my salary, but if you want to get technical I make $125 an hour with that included). There are guys that have been in this area for years and they still charge $50-60 an hour... and people are still calling me instead. Why, because of my network. I am better than decent at handyman work (I am still learning and a lot of it is from you Mr. The Handyman), but one thing I did know before getting into this business, is business. Guys (and Gals) if you haven't already done so, do some market research with a cold one next to you and just see what the possibilities are. But be honest with yourself. There are two real ways to make money: Charge for it and do it less or do more of it at lower price. Great video... now to head over to the store for some of that Handyman Gear!
Oh yeah. Green is where I live. Deep green.
Install lite fixture for $50, I wouldn't start my truck for $50. I'm wiring a lift station on a house for a builder, 3 hours on job charged $700. Also wiring a barn for another builder 30hours labor and $950 in material and charged $5700...$5100 profit. I'm not a non profit Corp. I live in NC in a big equestrian area of people that have big money and just want the service and quality....so they pay my price. Keep it up Handy Man your doin it Right.
Thank you for again sharing your knowledge. This isnt usually a common sense topic for alot of people and unfortunately it does need to be explained.
Thank you for the clear, concise and very valuable information Handyman. We need more of these common sense basic facts!
🤔Best advice I ever got was...
"Never work for somebody that is poor or you'll end up making them favors"
So ofcourse it's more important to pay more effort to finding a good costumer that a good project.
Maintenance Man Narratives I like to tell my guys- only work as hard as someone’s willing to pay you.
You can tell who's going to be a problem and who is not. Often times the less well of will save for there projects so please don't judge the poor for the rich sometimes have problems letting go of there money.
I have a single response to your negative commenters, "If you think poor, you stay poor!"
Tradesman are so hard to find in my area, I can charge whatever I want. Just make sure the work is worth the price.
truth will set you free. speak the truth, handyman! as for getting people triggered, it seems we live in a time where softies are everywhere, they will get all worked up over nothing. once again, another fine video. take care.
I always assumed people understood there is levels in market and value of labour based on location. I live in a town of 30,000, next to a town of 150,000 and I still would consider that not enough to justify any business without marketing beyond an hour drive, or settling for being highly-specialized (like kitchens, decks or stairs). I would do okay I'm sure, but if I moved down an hour closer to Toronto, I would have access to millions within an hour radius and every town and city has active developments of new suburbs with new homeowners with headaches they can't solve.
Thank you for the info, I’ve been watching your channel a lot lately, I don’t any experience in home repairs. I have always work on car’s since a kid, taken electronic apart when my mother wasn’t looking lol. I rent so sometimes the owners take for ever to fix things around the house, I’ve fix the bathrooms vent when it stop spinning I would hear it but it wouldn’t spin. Changed an outlet, paint the house, changed the light fixture to LED. can’t break it when it’s already broken. Watching your channel has got me intrigued to get into the handing man business as a side job, might go work for somebody to learn even if it’s for free, just to get some experience under my belt
I also wanted to add a comment saying that I'm glad you made this video because I think this is a big area that a lot of people just don't pay any attention to. One of the Facebook groups I'm a part of I had mentioned what I charge and make to do certain jobs and had a gentleman saying it's ridiculous and said that I was lying about the amount of money I get paid to do these items in as you've clearly laid out it's all about where you live and what the market cap or market value for that service is that I provide. Spot on sir
Thanks for the comment.
I would say a good handyman in Westchester NY could make a very good living. I am in my 60s and my wife is always trying to pimp me out to the neighbors. In my town a starter house is about one million. The average home is about 1.7 million. Most families make at least 300,000 many make 750,000 and up. Average property tax is 40,000, it crazy. Everyday I see contractors doing work at homes throughout my neighborhood. I am one of the very few who does his own home repairs. No one cuts their own lawn or clean their homes. I dont mind letting someone clean my house. You are telling the truth.
Ooh, the median income where I live is $94K, population is 5.5 million. The cost of living is around 64K ( lower than the median, pretty sure that's a good thing ) - 20% makes between $100-150K/year -- I think I could make pretty decent money if I set myself up properly. I still need to do a bit more research before I commit.
I love coming to THE NUMBER ONE SOURCE.. due diligence and knowledge is where the money making process begins!
Anderson 11 MASSIVE source of number one video content!
Be fair with your customers. Make the money but be fair. It comes back in spades! Just had a lady in California send me 200 bucks via PayPal for being her Handyman, and I haven't been over to here rental in months!! LOL Merry Christmas!!
DFW handyman here. There’s a lot of Hispanic workers dragging down the wages.
HOWEVER if you’re white, insured, honest, do good work, have website.. you can make close to what Handyman is making.
Also, you can leverage the cheap labor and KILL it.
I do a couple remodels per year but mostly rental property maintenance. I bill out about $75 first hour, $50 after that. I pay my guys well at 20-25 hr. Plus gas and bonus incentives.
Was in Houston after Harvey.. honestly had $1,000 days for months on end.
No state income tax, business tax is less than 1%, work outside year around, real estate is affordable. Best economy in the country. Love me some Texas.
I'm close to DFW and your damn right about the illegals dragging wages down, its ridiculous.
How close to DFW are you?
@@Aaron-cy6pu I'm half way between Dallas and Tyler
@@Aaron-cy6pu I'm 28, have been framing and remodeling since I was old enough to swing a hammer, I do more work in one day than most 4 man crews I work around and I cant seem to break 800 a week. I've tried working for myself but it's never been worth it.
Sean yea smaller markets out side of metros are getting killed by illegal immigration. You can definitely make more than $800/week if you move to DFW or Houston.
One of my favorite quotes “for those who understand, no explanation is necessary, for those who do not, no explanation is possible”
Sometimes you just can’t get through to people.
That is a good quote.
Your right about the rise in handymen businesses, I live in a suburb of Minneapolis, one day I noticed three different handyman trucks, I use to see maybe one a year.
People don’t know how to do anything anymore! I’m the only guy in my neighborhood who can turn a wrench!!!
im a professional bacon taste tester! I can testify that I've started making even more money since I started watching the handyman. The wife left tooo...... that's probably why I have more money. Don't have anyone to open pickle jars or pvc glue jars but I got more money.
There's still a lot of money to be made in those lighter areas if you know how. I live in the greater Nashville area and have worked on multi-million dollar homes, but I've made a ton of money from unexpected sources, for instance remodeling a church leading to several jobs of various sizes from members of that congregation. Also, with an aging population, especially in rural areas, accessibility remodeling is a huge part of my business these days.
But this is still part of knowing your market. Median income is just one factor.
Love that click bait title, had to click... immediately to ad playing x2 I’m pretty sure I can leave now... Your good. Key to making more money. 1. Marketable skill or product. 2. Ability to be where people look for that service or product. 3. Do what you do when you say you will. Undercut your competition at your own risk... you might as well get a job. Rather than being in biz... it’s a whole lot easier.
The median family income in my area is 44k. I do exactly what you do, I work by myself, a ‘home improvement’ company and made $105k last year and am shooting for a 5-10k increase this year. Its possible people.
I want to take a minute to thank you about your website and your RUclips channel. I was running a Home Building Company and started walking when I was looking at transitioning from full-time work elsewhere with running my company on the side to working full-time at this company. I've been following your looking to grow my sales and handyman services. I couldn't believe your first two videos I watched about $1,000 a day handyman services and then I started looking for the work and behold it is there. Now I'm up to an average of about $10,000 a week in business. The customers I have are super wealthy but I end up doing a lot of larger job. The staff I have on staff do the work For me so I don't really make as much money as I did it myself. But I'm hearing up to doing it full-time probably in the spring. I love your show, let me know do you have any tricks on making that transition.
How can you determine if there are too many blue collar laborers before jumping into the business full time? I am located in Dallas, TX. There is a surrounding population of about 600k with a median income of $96k. Thanks so much for all of the help through both of your channels.
how did you end up? Did you stay in Dallas?
Haters gonna hate. Just keep crushing it.
Listen. I appreciate this video and it makes perfect sense. When it comes down to it, you're a high end handyman, and that's ok. I'm about a year in my business now and I have undercutt myself on estimates so many time it sickens me. I'm learning where the sweet spots are though. $100 to change a fan is not too high not too low. It is also a competitive price because most professionals charge more. Watch out, because I might just come behind you and take all your business. 😜
Great video man. I agree with what you said 100 percent. I can’t charge what you charge in my area, but I make up for it in volume. Gotta do the best with what you got. I specialize in high end finish carpentry and cabinetry, having a niche helps too.
You put this vid out on my Bday, just a few days ago. If I went by your map, I’d be in trouble, but I live in a vacation destination with a bit of old school money involved. I really think I’m in a good market, but there’s a lot of competition. I’m not worried about the competition though, because I know how to sell myself. Keep the great vids coming and I’d love to have lunch with you one day or buy you a beer!
I had a friend just pass away who was a licensed electrician.
Smoked...Drinker.
Invested his paycheck in crap.
Had marital problems.
Worked for an electric company in Texas.
Paid him 250 dollars a day.
His clothes and truck taken care of without no thought on his end.
Tools on discount...health benefits and 250 dollars a day.
He died from lung cancer.
Smoking at the age of 45.
Habits....
I know someone sober who only makes 35 dollars a day. Part time.
Has more than my friend did.
All well thought out and educated points. You have to know your market regardless of the type of business.
Exactly.
Handyman: Bank that money!!!
Good for you...
It also depends on how much of a handyman's income is "declared" versus "not declared".
To add, if the handyman knows how to tax shield his money as well … you can do well for yourself I’d assume. 57,000 for retirement is a lot of tax sheltering, plus mileage reimbursement
Thanks for the videos bud! I'm just starting in the handyman business while working as a sheet metal worker and have been watching your channel. I'm tip towing in so far. I've filled my name with the state and have passed out a few cards so far I've make almost as much as I make all week on weekends but I'm union with good benefits and a 401k and just want to hedge my bets!
I left sheet metal to do handyman work and it was a great decision. You can do it.
I live in an almost non-green area. I have made a nice extra income stream over the past 10+ years, but getting rich and quiting my day job to do this, is just not possible. With all that said quality and communication has allowed me to build a reputation where I never have to search for work and I don't advertise. Great video and merch.
I charge $300 per light fixture. If I have to travel more then 10 miles it is a $450 minimum charge plus any additional fixtures are $300 each.
great explanation keep making money
You've dropped so many hints about this before but I love how you hammer it over and over again in this video. People fail to know their market and yes markets are different from city to city. You can't look at population size alone, nor can you look at the highest earners alone in isolation of other data points. If all you can get is 50 bucks for a service call, that's fine...it's nothing against you or where you live. You're rent is probably also half to a quarter of what it is in some of the other areas. If money is everything and you want to maximize your income with the skills you have, then you might need to relocate. It's simple math IF you do the research and use the right numbers for your calculations. It might be a harsh reality and a dish served cold but that doesn't change the facts. You might want to consider specializing and/or getting licenses if you want to drive up your income level.
Because you're the number one home improvement channel in the solar system
Just need a Solid Heavy Metal XL zipper Hoodie (same color for the 🧢 too😁), so I can go ahead & order one. Maybe Santa will bring it this year😉
Enjoy these “talks” we have with you; as there useful, informative, & no bull.....just “How It Is”!
Cheers✌🏼
I often realize talking to others in my area. Ill do worst because they don't think much of there anility. In there lack they will call me a crook A fare deal to me is when both of us are treated fare I will give them a price I think is fare they decide if its fare to themselves. We agree. God bless
If someone is working a job that provides service, like a handyman or a million other jobs.. they want to be in a place where the median income is high. More ppl available to pay them higher rates. But, personally I think when it comes time to invest, you want to be one of those places where median income is lower. Very recession proof & low barriers to entry. Just a thought.
Great video, I like your business analysis approach to the Handyman Business. It’s more important than the ability to do the actual work although skill is a given. Great 👍🏼
You need to discuss that you work for a lot of property managers who find it cheaper to hire someone they can rely upon to do the jobs b quickly - even if it costs an extra hundred bucks or more. Their time is worth much more than the premium you charge.
it all about supply and demand for your location. if u go to where all the money is...u are likely to get more money. same goes for the states...minimum wage varies depending on state..although people doing the same jobs. people just either underrating themselves and their prices or the Handyman hit on a very unique market that people can't comprehend.
You make more than me because you work twice as hard as me (100 hours/week).
Great information and it explains why much of my business comes from certain areas. Thanks for your videos, they are very helpful.
Making money is the dream. Some feel uncomfortable charging amounts fair to a trade because to those people the work is easy so in turn the cost shouldn't be "high". BUT if you don't realize the major population of where you live can't change light fixtures you have to charge to keep yourself in business and living so there are people "you" to change light fixtures in the future. The same trade person/handy person out there who say its easy to do our work and charge less ask yourself how much would you pay someone to do something you need but don't know how to do or understand to figure out, the answer, what it costs. That could be equivalent to you charging $100/hr
We decide what we make after we ask the market for guidance, there’s nothing wrong with asking for what the job is worth. Not limitations on our self-worth
Thank you for sharing the wisdom of your experience with all of us! I fully agree with all you said!
Hey! You are a beacon of the industry! Cheers!
So you say, I’ve been working for Billionaires/millionaires since 1992. I am retiring this Christmas, but have one last project for the second largest landowner in the USA at his hunting refuge. Hope you make to eight like I did, good luck.
Your right all the way brother but I love to live in the sticks the hill and the hollars and I may have to do more work to pay my bills but I love where I live so if someone gets pissed at you thats because they can't handle where they live
Another very informative video from handyman. Tks
For 400,000 dollars where I live you could buy a 5,000 square foot, 5 bedrooms, 4.5 baths, and with a nice size pole barn.... also 20-40 acres lol
And still might have 10-40 grand in your pocket ...
That sounds awesome. That's about 3 to 5 mill in places that have low unemployment and high wages. Cost of Housing and taxes are the biggest variables in different areas around the country.
Great Video...definitely gonna get me one of those sweatshirts!
I charge $150 to do a light fixture as well it's my minimum labor charge. I'm near a dark green population of 3 million as well but only have to stay on one side of it. To the electrician and anyone else who under bids that much: good for you you will be doing 4x the amount of work as me today!!
The title alone! We’re in for a good one.
That's right.. Telling it like it is. Why can't people be happy that you're very successful?
Just picked up a hoodie. Can't wait to rock the handyman logo
Do a 1 man and a truck worksheet and come up with a ‘sold hour’ rate not a hourly rate. Price by the job no the hour. You will make so much more.
Long Island and the 5 boroughs is 100% correct.. except for the Bronx which isn’t even a green key on the map should be Snow White lol
Smart video
Maybe a sparky in my area would charge 50 bucks a outlet if he was doing 100 outlets. 1 outlet costs 90 and hour for a 4 hour minimum. That's 360 bucks. I don't see a problem with you charging 150
This was very helpful as i struggle with understanding pricing
Chris Webb at some point we all need to (skilled labor) transition from being paid by how much we do to how much we know. High level of detail is the silver lining! Trading hard earned dollars for high level refined skills is a hard pitch for the $15 a hour folks.
Luckily I do not have to live in the dark green sectors on the map.There is no way I could live in one of those areas for many reasons. I figured out how to make a pretty good living in a light green shaded area. Many perks to be had in the lighter shade green areas, too many to list here.
I'm shopping for a farm in the light color areas.
Excellent commentary on analyzing the market!
It makes me excited to hear how much you make. No hate here.
I live in ohio by clombus and Dayton I do about 50 mile radius I been doing weekend work for a year now and make 800 to 1000 every weekend some weekends I have made more .
Great advice .
Hey so what about Los Angeles.... we have seemingly infinite amounts of money here but there are oooodles of super hard working people with all sorts of knowledge and skills.
Kudos to you! Merry Christmas and hope you have a great financial New Year!
Just purchased the black Handyman shirt.👋
Awesome. Thank you.
The reason you make more money is your working and I’m watching you work. Last time I checked unless I’m working I don’t make money!
Great video. also, Casey Neistat said in an interview his only regret with youtube, is not realizing the potential of selling merchandise. Good work!
I saw that video.
The guy that called you a crook is correct. Having made more money than him does not justify charging $150 for a light fixture that takes a half hour to do. It's people like you that make people do their own work, which is good, but bad for the elderly and women that don't typically get involved w/ handyman work. Handymen should be charging what is fair, NOT WHATEVER THEY CAN GET. I'll give you points for your honesty though.
And this is why you will never be successful in business and will die broke and miserable.
My customers either don't have to knowledge/skills to do the repair, the tools to do the repair or the time to do the repair because their time is better spent doing something else. For example, a lawyer who makes $1,000.00 dollars an hour has no problem paying me $150.00 per hour because I free up his time so he can make another $1,000.00 and I take away that little problem that's been bugging him.
Most of the time handymen will ask what they think there worth,and it matters how you communicate with customer to get the money you want,you need show them too that you are worth the money..but you have to be 100% professional. Especially with women