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"Home Theater Installation Business": How to Get Started

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Are you an avid audio-video fan? Always love setting and tweaking that audiophile and home-theater room of yours? Why not turn your passion into a hobby instead? Home theaters are a very popular feature for home renovations and remodelings nowadays, and can give you a very decent income by doing a very fun job.

To begin, of course, you'll need the necessary knowledge and know-how of home theater equipment and their setups. Many resources and communities are available both online and offline, and can be a great start. Companies like THX also offer certifications, which although not a necessity can help boosts your credibility and marketability.

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Interested to start this exciting and promising business?
Here are some tips to help get you started.

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1. Startup Investment
Depending on your business model, the startup cost may vary a lot. You can be solely focusing on installing and consulting, and can be started with literally zero, provided you want to start it as a home-based business. You can also be an equipment distributor or reseller, taking profits from the sales of equipment as well as setup fees. You will need at least $10,000-$50,000 for your initial stock, although you can also negotiate for a consignment based contract with the equipment distributors.

2. Networking
If you started as a home theater fan, most probably you're already networked in a home theater community. This will be a good start not only to gather knowledge and resources but also to find potential clients. If you haven't, you can find many audio-video and home theater communities on the internet and social media.

3. Should You Get Certified?
As previously mention, certification is not necessary but can help boost your credibility and marketability. Many certifications from established home theater brands and audio-video schools are available. Make sure to do enough research to consider your options before taking a certification course, as many options are available.

4. Permits and License
Depending on your location, you may need additional permits and licenses before you can start the business. Consult your local authorities to get more information regarding required permit. Insurance is also a good idea since you'll be dealing with other people's houses. Consider taking a third-party liability insurance before you start the business.

5. Monetizing
You can charge by the hour, by a fixed fee per setup, or by also selling products. Each has their own advantages and disadvantages. For example, charging by the hour can be more profitable if your clients often call you for minor troubleshooting. However, it can be unattractive to some potential clients. Charging a fixed fee, on the other hand, can lead to frustrations if the needs for troubleshooting arise. Make sure the terms and conditions of your service are laid out clearly in a contract.

Monetizing by also selling product technically has the most profitability potential. However, there's a risk when you're unable to sell your stocks. Consider your options carefully according to your capital and experience.

Earning Potential

The 2015 U.S. median pay for home theater installer is an astonishing $55,160 per year, or $26.52 per hour. As you can see, this is an expertise-based industry with high earning potential.

The key to success in this business is technical expertise and reputations, and can grow by experience, making it a sustainable business that will grow over time. Remember, though, that as your experience grow, you should always make yourself up-to-date with the fast-paced moving trends of new equipment and technologies.