Have you been welding for a while on home projects and feel you have the ability to turn your skills into cash? Starting a welding business can be a great way to earn an extra income. If you are even more ambitious, a welding business could be your ticket to financial freedom. There are a few things that you will need to know before getting started.
First, you need to evaluate your resources. Do you have a portable welding machine? Do you have the skill and know-how when it comes to creating professional grade welds? If you answered yes to both these questions, then you are well on your way to having your own welding business.
Before hopping in the truck and starting your first job, you need to consider some of the business aspects of your new venture. Does your state require you to have a license and be bonded? Do you need to carry liability insurance for your business? What type of entity will it be? Will it be a limited liability company? A corporation? A sole proprietorship? These are all issues that you need to consider before you strike that first arc.
Each state has different regulations and it will pay huge dividends to go online and investigate your particular state's requirements. Most of the paperwork and various applications can be handled by you. You don't want to start your business off with a bunch of debt. However, if you are not comfortable handling some of the preliminary business aspects of the venture, consult a legal professional for advice. Write down all your questions and concerns in advance of the meeting so you save time and money. Complying with all state and local regulations for your business is vital to your success and will save you time and money in the future. Assuming this aspect of starting the business is handled properly, you are ready to go to take the next step and start making money.
Finding customers in the beginning may seem like a frustrating undertaking, but with a little planning and ingenuity, you will begin building a good client base. At the start, it is best to use simple and inexpensive forms of advertising. This would include fliers, business cards, and internet ads. Be creative and ask for input. You will be surprised how this cheap advertising will bring in potential customers. Be patient and always be promoting your business wherever you go. Your friends and family will be some of your best salesmen. Make sure you supply them with plenty of business cards to pass around.
When you finally land the first customer, it is time for your talents to shine through. Remember that the majority of your business will come from referrals so every single job is important. Do the job like you would want it done if you were paying for it. Be professional in every aspect of how you conduct yourself. This is your chance to make an impression so take advantage of it. If you are a professional and do a good job, you will be rewarded with more work.
Starting a new welding business may seem a daunting task at first. But as you will soon discover, solid planning and a positive attitude will go a long way towards you realizing your dream and being able to do what you love for a living. Most of all, enjoy the ride!