7 Profitable Handyman Businesses to Help You Replace Your Income

The handyman industry offers a wealth of opportunities for individuals looking to turn their skills into a profitable business. Whether you’re an experienced tradesperson or just starting out, there are several handyman businesses you can grow to replace—and even exceed—your current income.

This guide explores seven lucrative handyman business ideas, including the services they offer, the potential for growth, and tips to get started.

1. General Handyman Services

Overview

General handyman services encompass a wide range of small repair and maintenance tasks, such as fixing leaky faucets, patching drywall, painting, and assembling furniture. These services are always in demand, as homeowners and small businesses frequently need quick, reliable help.

Why It’s Profitable

•Low startup costs: You can start with basic tools and equipment.

•High demand: Everyone needs help with odd jobs around the house.

•Flexibility: Choose jobs that fit your schedule and skill set.

Growth Potential

Expand by hiring additional handymen, offering subscription-based maintenance plans, or targeting commercial clients for steady work.

2. Home Renovation and Remodeling

Overview

Home renovation and remodeling businesses focus on larger projects, such as kitchen and bathroom remodels, flooring installation, and custom carpentry. These jobs often involve more specialized skills but come with higher profit margins.

Why It’s Profitable

•Larger project budgets mean higher earnings per job.

•Homeowners are always looking to upgrade and add value to their properties.

Growth Potential

Establish partnerships with real estate agents and interior designers to secure a steady stream of referrals. You can also specialize in high-demand areas like energy-efficient upgrades.

3. Appliance Installation and Repair

Overview

This business specializes in installing and repairing household appliances such as dishwashers, washing machines, ovens, and refrigerators. It requires technical knowledge but offers a steady flow of work.

Why It’s Profitable

•Appliances frequently break down, creating repeat customers.

•Installation services are often needed for new appliances.

Growth Potential

Certify in repairing specific brands or high-end appliances to differentiate yourself. You can also form partnerships with retailers to offer installation services.

4. Lawn and Outdoor Maintenance

Overview

Outdoor maintenance services include lawn care, gutter cleaning, fence repairs, power washing, and deck maintenance. These services are perfect for seasonal or year-round work, depending on your location.

Why It’s Profitable

•High demand during warmer months.

•Opportunities to upsell additional outdoor services.

Growth Potential

Offer subscription-based lawn care packages or expand into landscaping and irrigation system installations. With a strong client base, this business can grow quickly.

5. Plumbing and Electrical Repairs

Overview

While specialized licenses are often required, plumbing and electrical repairs are among the most profitable handyman niches. Common tasks include fixing leaks, replacing fixtures, troubleshooting electrical circuits, and installing lighting.

Why It’s Profitable

•High skill level translates to higher rates.

•Essential services ensure consistent demand.

Growth Potential

Earn the necessary certifications to take on larger jobs and market your expertise. Specializing in eco-friendly solutions, such as energy-efficient lighting or water-saving fixtures, can attract a niche market.

6. Furniture Assembly and Moving Services

Overview

With the popularity of flat-pack furniture and frequent relocations, furniture assembly and moving assistance have become lucrative niches. Services include assembling furniture, mounting TVs, and helping clients relocate.

Why It’s Profitable

•Quick jobs with minimal tools required.

•High demand from busy professionals and renters.

Growth Potential

Expand into offering complete moving packages, including packing, loading, and setup services. You can also specialize in assembling office furniture for commercial clients.

7. Smart Home Installation Services

Overview

Smart home technology is growing rapidly, and homeowners are looking for professionals to install and integrate devices like smart thermostats, security cameras, and automated lighting systems.

Why It’s Profitable

•High-growth industry with increasing demand.

•Homeowners are willing to pay a premium for expertise in this area.

Growth Potential

Obtain certifications from leading brands like Nest, Ring, or Amazon Alexa to boost credibility. Expand by offering troubleshooting and maintenance services for existing smart home systems.

Tips for Growing Your Handyman Business

1.Focus on Quality

•Build a reputation for reliability, professionalism, and excellent work to secure repeat customers and referrals.

2.Market Effectively

•Use social media, local directories, and SEO-optimized websites to attract clients in your area.

3.Set Competitive Rates

•Research local pricing and find a balance between affordability and profitability.

4.Invest in Training

•Expand your skill set to offer specialized services that command higher rates.

5.Offer Maintenance Plans

•Secure recurring income by providing regular maintenance services for homes or businesses.

Conclusion

The handyman industry offers numerous paths to financial independence and career satisfaction. Whether you choose to focus on general repairs, specialized services, or cutting-edge technology, there’s ample opportunity to build a profitable business that can replace or exceed your current income.

Start small, invest in quality tools and training, and leverage effective marketing strategies to grow your business over time. For more tips and guidance, visit the Small Business Administration (SBA) or check out resources on The Family Handyman.