How to Start and Grow Your Line Painting Business in 2021
The line painting industry is one of the most underrated industries in the US. There isn’t even an estimated market value for it as of this time. Currently, it is integrated with the traffic road marking coating industry which is estimated to be at $4 billion and expected to grow by 6% in the next few years. It is a sizable industry, but you have to note that line painting is a service that only takes up a portion of the market.
Despite its small size, it’s an essential business for many industries out there, like real estate. If you’re planning to start a quick and easy business that can give you an opening to expand and grow to other sectors like the construction industry, then the line painting business is for you. Here is how you can start a line painting business this year.
Cost of a Line Painting Business
A line painting business has a meager overhead cost when compared to other businesses out there. It’s estimated that you only have to spend between $2,000 to $10,000 to start this particular business. If you compare it to the overhead cost of other businesses out there, you’ll see that this investment is among the cheapest in the market.
Once you get started, you’ll see that line painting is not only meant for roads. There are other industries out there that require line painting, such as the sports industry. You’ll be asked to mark football fields or basketball courts. Your business might also be called to mark parking lots and other properties out there. It is a diverse business model that you can run inside your home, which means you don’t need to rent an office.
You also don’t need to hire full-time employees. You can hire freelancers who are willing to do the job for you. If you want to save up, you can always do the jobs yourself, given that you have the right equipment for the job.
Buy High-quality and Modern Equipment
Your investments will go primarily to the equipment you’ll be using for the job. Since you rely so much on the equipment, you should invest in the best in the market.
As stated earlier, it’s quite cheap to start a line marking business. However, you’d want to have the best equipment for the job if you want to be ahead of the competition. For example, using reflective road marking paint can be a worthwhile investment because they last longer, even on roads that receive a ton of traffic. The less likely it fades away, the less time you have to spend to maintain it. This gives you more time for other jobs out there. Another example is using a modern paint-striping machine. Old paint striping machines can be very inefficient and hazardous to your health because of their fumes.
Using a more modern paint-striping machine can cut down the time you have to do a job, and it can be much safer to use. You can also invest more into a heavy-duty paint striping machine once your business takes off. This ensures that you’re ready for highways. These are usually jobs given by the government.
Having the best-quality equipment can open you up to more jobs in the industry. The more jobs you take, the more income you generate. This will help you grow your company in the future.
Partner with Local Businesses
As a line painting business, you’d want to partner up with real estate developers and construction businesses in your city. Tell them that you can do line painting jobs for them at a much lower price. Since you’ll be doing these jobs in bulk, you can get a much higher profit margin, even if you offer your services cheap. Additionally, by partnering up with local businesses, you can ensure that you have jobs for the entire quarter.
Be Aware of COvID-19 Protocols
Lastly, you must be aware of the construction protocols during the pandemic. The line painting business is widely associated with construction, so those are the protocols you’ll be following, and you can find them here. The pandemic has only affected line marking businesses last year. Now, line marking jobs are everywhere as the economy tried to catch up on real estate development projects on hold last year.
Starting a line marking business during the pandemic is quite easy compared to starting other businesses out there. Just be aware of the protocols and how much you have to spend to start your business. The rest of the work is finding the job you need to grow your company. Eventually, you can expand to other industries out there, like the construction industry.