Starting a Locksmith Business with Ease

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Locksmith Business Business Overview:

If you want to own a business and take advantage of the rising need for security in homes and offices, you should look into starting a locksmith business. You may be surprised to know that a standard lock keeps a burglar out of a home or office for approximately 30 seconds! This is why it is important to have skilled locksmiths on your staff and offer top quality products. You can, of course, do the work yourself if you are already an experienced locksmith. If not, you could find out how to become a locksmith and get some training before starting your business. Either way, in order for this business idea to be a success, you must employ capable locksmiths who can properly install locks on all types of doors as well as advise clients on what types of locks would work best for their circumstances. When researching how to start a locksmith business, you need to work out a marketing plan that includes advertisements in local phone books (both physical phone books and online phone books). People are always locking themselves out of their cars so having an easy-to-find phone number is important. You should also consider a direct mail campaign to get the word out to local homeowners and businesses about your new business. When a new homeowner moves in, chances are good they will want the locks changed. If a flier just arrived in their mailbox for your business, you will probably get a call. Another good way to spread the word would be to meet with local apartment and condo property managers to try to secure a contract for an entire complex. With high quality workmanship and customer service and a top notch marketing campaign, you will be the go-to locksmith business in town before you know it.

A Day in the Life of a Locksmith Business Owner:

This article brought to you by Business Ideas! If you enjoyed this article, make sure to subscribe to the Business Ideas Newsletter to get ideas sent straight to your email inbox.Your day will begin with a check of your schedule to see if any jobs are on the agenda. You will gather your equipment and head to the job site or coordinate with your staff to make sure they know where they’re going. You will likely take calls throughout the day from individuals who have locked themselves out of their cars or homes. You will meet with homeowners and office managers to discuss their lock needs and purchase equipment for each job and arrange a time to do the installation. Finally you will need to spend some time reviewing your finances to ensure everything is in order.

About Your Customers:

Your customers will be homeowners, apartment managers and office managers needing high quality lock installations. You will also be assisting individuals needing help after locking their keys in their cars. Another group of customers will be those who need replacement keys made for their homes or more difficult reproductions like safe keys.

What You Need to Start:

  • Locksmith business plan
  • Marketing plan
  • Van or truck
  • Tools and equipment
  • Experienced locksmiths (if not doing the work yourself)
  • Computer with finance software

The Good:

  • If you’re an experienced locksmith, this is a great way to be your own boss and work your own hours.
  • If you want to own a lucrative business but don’t have experience as a locksmith, you can hire a locksmith staff and manage the schedules and marketing of your business.
  • The startup investment is relatively low.
  • You can charge top dollar for high quality locksmith services.

The Bad:

  • It can take some time to build up your client base.
  • You can expect to take calls at all hours from individuals needing help getting into their cars after locking the keys inside.

Resources:

Start This Business Today:

To start a locksmith business today, we recommend you purchase Start Your Own Locksmith Business. This complete guide will walk you through how to start your business. You will learn how to attract customers, how to deal with competition, how to effectively price your services and much more. For more information or to purchase this HIGHLY RECOMMENDED book, click here.




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Each month, we give you ONE (and no more than one) "marketing project" to complete in your business.

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