Building a profitable commercial painting business requires time and hard work. Unfortunately, there’s no secret formula to double your profits overnight. The good news is you can learn smart ways to save on business costs without sacrificing the quality of your painting service. If you’re wondering how to boost profits in commercial painting, we’ve laid out a range of strategies to help you scale your business.
Use High-Quality Supplies
While there might be a higher up-front cost, investing in good quality equipment will save you money in the future. Your crew will be able to work more efficiently if they have professional-quality tools like paint sprayers, brushes, and rollers. Don’t skimp on ladders or safety equipment like gloves and respirator masks. After all, these tools keep your crew safe on work sites. It’s also wise to use premium-grade paint because it doesn’t require as many coats. Your crew will be able to finish jobs more quickly, which can boost your profits.
Rethink Your Methods for Paint Disposal
When looking for ways to save on operational costs, you might not consider your paint disposal methods. However, disposing of commercial paint often comes with a fee for landfill disposal or incineration. An alternative is to use a solvent recycler to recycle your used paint. These machines separate the paint from the solvent, allowing you to reuse the solvent. You’ll save money on supply costs and disposal fees. Plus, it’s a safer option for the environment because it will release fewer volatile organic compounds (VOCs) into the air.
Hire Efficient and Reliable Workers
Your employees are your most valuable asset as a business. Efficient and reliable workers are the key to gaining more satisfied clients. Take the time to find crew members you can rely on to produce good work. After all, your work and your staff are key parts of your reputation as a business. The best way to find and maintain a dependable crew is to pay them fairly. Providing a stable income is a must in any viable business.
Stay Current With Insurance and Licensing
Depending on your state, you may or may not need a license to work as a commercial painter. Even if your state doesn’t require registration, your county or city might. Make sure you understand the requirements in your state to avoid any fines or work delays. You’ll also need to verify the insurance requirements in your state. For example, you may need to carry liability or workers’ compensation insurance to legally protect your business if there’s an injury or property damage. While insurance might not be a state requirement, it’s a smart decision that can save your business from costly litigation. Plus, many contractors and property owners require commercial painters to carry insurance.
Advertise Your Business
Whether you’ve been in business for five months or five years, you can’t grow your business without promoting it. The key is to find your ideal customer and design your advertising with them in mind. Basic advertising includes simple strategies like yard signs and vehicle graphics. You can also invest in a website or create a social media presence. If you’re wondering how to boost profits in commercial painting, referrals are the best way to grow your business. A satisfied client will remember your company and recommend you to others. Your best bet is to provide excellent and reliable service.