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Franchise Or The Independent Contractor- Which Is A Better Option

Franchise Or The Independent Contractor- Which Is A Better Option

I’ve said it before and I’ll say it again, DIY is the future. The fact that more people are doing their own repairs rather than waiting for someone else to fix them is amazing. If you’re looking into opening your own home repair shop, you don’t have to worry about finding a place to rent or the cost of equipment because all you need to open up shop will be already in your pocket. All you need to buy is the things necessary to get started. 

There are two types of businesses you can run from your home. One is an independent contractor; the other is a franchise. This article covers both types of businesses and how simple they really are. 

Independent contractor 

If you decide to become an independent contractor, then you’ll start out by setting up your website. You’ll want to make sure that you create a professional-looking site that has a strong presence on search engines like Google and Bing. In addition, you’ll also want to add videos and photos to help promote your services. 

Once you have your website set up, you’ll need to put together some flyers and brochures and post them around your neighborhood. Your next step will be to find local businesses that need repairs done and approach them with your flyer. Once you show them your services, ask if you can come back and work for them at a later date. If they agree to let you work for them, then you can begin working for them. 

You might not think that you need any special training to become an independent contractor, but it’s important that you know everything there is to know when it comes to your specialty so that you won’t be taken advantage of. For example, if you have experience as a carpenter, then you should know exactly what tools you need and how the different components of each tool work so that you can properly install those parts. 

Franchise 

If you choose to go down the franchised route, then you’ll first need to figure out which franchise company to join. There are hundreds of companies that offer franchises, so it’s very difficult to narrow down the choice based on just one factor. Instead, you’re going to have to look at several different factors to figure out which business model you’d prefer to use. 

Let’s take a look at some of the options. There are two main routes that you can take as far as the business model goes – the DIY route or the franchise route. With the DIY option, you can either operate your business as an individual contractor or you can form a partnership with another individual. 

With the partnership route, you’ll partner up with someone who has a similar skill level to yours. You’ll split the profits 50/50 and share equally in the expenses. If you decide to go this route, then you’ll need to determine how much time you’re willing to spend working on repairs and how much time you’re willing to pass off to your partner. 

The DIY route involves starting your own business as an individual and offering your services directly to customers. You’ll have to consider whether you’re willing to pay yourself a salary or if you’re going to take a percentage of your profit. 

Of course, you’ll still have to spend money on supplies like hammers, screwdrivers, wrenches, and so on, but the tools themselves aren’t expensive. As long as you can afford to buy them, you can always purchase them. When it comes to making profits, you’ll have to be smart about how you allocate your resources. 

For example, if you’re planning on becoming an electrician, then you’ll only want to focus on electrical work. You probably won’t want to try repairing TVs or microwaves. If you’re planning on selling cars, then you’ll want to focus most of your energy on fixing cars and trucks. It’s a good idea to pick up a few general skills along the way, though, so that you can tackle anything that comes your way. 

When you decide on which type of business model you’d like to pursue, it’s important to keep in mind that you’ll need a certain amount of capital to get started. However, you shouldn’t worry too much about the initial investment because once you’re up and running, you’ll have plenty of work to generate income. 

After you’ve decided on the type of business model you’d like to pursue, it’s time to decide where you’ll conduct your business. In order to attract customers, you’re going to need to advertise. You’ll definitely want to invest in print advertising (brochures, flyers, etc.), but you’ll also want to invest in online advertising using social media sites like Facebook and Twitter. 

Before you start advertising, you’ll need to make sure that your website is optimized for SEO purposes. Optimizing your website makes it easier for prospective clients to find you online. Also, you’ll need to make sure that your social media accounts are active so that people can follow you. 

Once you’ve created a nice website and made sure that everybody knows about it, and you’ve posted content on social media to increase your following, then you can start advertising. Most places that sell home improvement products and services will allow you to advertise within 24 hours of ordering supplies. 

As soon as you start getting orders, you’ll want to start hiring employees. To make your life simpler, you can hire contractors who specialize in specific areas of work. For example, you can hire an employee who specializes in plumbing services and another who specializes in carpentry. 

By hiring only qualified people, you’ll be able to reduce the risk involved with hiring unqualified workers. After all, if you hire an employee who doesn’t know how to properly install a light fixture, then you could wind up having a fire caused by improper installation. 

The selection of the franchise to an independent contractor depends on the requirement of the user. A person needs to make an analysis of his requirement and then select the option that will give the best results. A person can visit the www.toolpick.co.uk and get the further detail of the available options.

In conclusion, the tools that you need to start your home repair business are minimal. All you need to get started are basic hand tools and a hammer. You can purchase these items cheaply from local stores. Once you’ve completed your research and determined the best route for you, you’ll need to make sure that you have enough capital to get started. 

In the end, it pays to be prepared before you head out on your own!

Kristie

Kristie Reeves is a news writer based in Toronto Canada. He has been working for Digital Media World for more than a decade.

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