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"Roof Repair and Installation Business": How to Get Started

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There are more than 70 million homes and buildings with roofs in the U.S. alone, and each of them will need repairs and replacements at some point. This phenomenon creates an opportunity often overlooked by many people: Creating a roof repair and installation business.

A roof repair business will require a relatively low startup investment, making it a viable opportunity for a small business venture, and even can be started as a home-based one.

To start, however, you will need a sufficient experience in roof installations and repairs, or you can opt to hire an employee with similar experience.

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Interested to start this business? Here are a few tips to help get you started:

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1. Startup Investment
You can start this business as a home-based business, eliminating the need to rent a space which can be costly. However, you will need to have a sufficient space to store roof materials and the necessary equipment.

Other necessary investments will go to tools and safety equipment, which is fairly simple. You can start with below $5,000.

2. Legal Requirements
Depending on your location, a special license might be required before you can engage in the business. Consult your local authorities to get a better information regarding the legal requirement of your location.

Liability insurance, as well as worker's compensation insurance, might also be legally required. However, even when it's not a legal requirement, getting insurance will be a wise investment to protect your business from future troubles. Contact your local insurance agent to get the best options for your business.

3. Maintaining Cost Efficiency
Depending on your business model, this business can be relatively labor-heavy, thus maintaining a proper management for labor costs will be required. Labor costs can be a heavy burden for any business, so make sure you have a careful calculation for recruitment and human resource management costs.

You also have to maintain expenses on roof materials and your equipment. Negotiate bargains with roof suppliers, and if you can find second-hand equipment with good quality, it can be an option to reduce your expenses.

4. Marketing
How you market your business can either make or break it, and marketing is always an important for a healthy business growth. Here are some marketing ideas you might want to consider:

- Subcontract your services to home repair contractors and builders, as well as home repair associations.

- Traditional marketing like giving out flyers to dense residential areas can always be beneficial for this type of business.

- Build partnerships with property management companies, as they can give retaining job opportunities.

- Market your business online, build a proper website and promote it through social media and SEO.

Earning Potential

The average cost to install and repair roofs is around $600 for a 10 sq ft space. If you can get five projects a month, you can have a monthly earning of $3,000 or $36,000 annually.

The keys to success in this business are how you market your business, maintaining cost efficiency and building good relationships with partners and customers.