Handyman Pros Radio Show Larry and John

When purchasing capital-intensive items for your handyman
business, you want to make sure you're making sound investments that will
benefit your business in the long term. Here are some recommendations:

1.            Assess
Your Needs: Before making any purchase, carefully assess your business needs.
Consider the types of jobs you commonly undertake and what equipment would make
those tasks easier, faster, or more efficient.

2.            Quality
Over Price: While it can be tempting to opt for cheaper options to save money
upfront, investing in high-quality tools and equipment often pays off in the
long run. Quality items are more durable, reliable, and may require less
maintenance, ultimately saving you money over time.

3.            Research
and Compare: Take the time to research different brands, models, and features
of the items you're considering purchasing. Compare prices, read reviews from
other professionals in your field, and seek recommendations from colleagues or
industry experts.

4.            Consider
Long-Term Costs: Look beyond the initial purchase price and consider the
long-term costs associated with maintenance, repairs, and operational expenses.
Factor in things like warranties, spare parts availability, and the reputation
of the manufacturer for customer support.

5.            Invest in
Versatility: Choose tools and equipment that offer versatility and can be used
for a variety of tasks. This can help maximize the value of your investment and
reduce the need to purchase multiple specialized items.

6.            Evaluate
Financing Options: Depending on the cost of the items you're purchasing,
explore financing options such as equipment leasing or financing plans. This
can help spread out the cost over time and free up capital for other business
needs.

7.            Plan for
Growth: Anticipate the future needs of your business and invest in items that
will support its growth and expansion. Consider whether the equipment you're
purchasing can scale with your business as it evolves.

8.            Stay
Updated on Technology: Keep abreast of advancements in technology and
innovation within your industry. While it's important to invest in reliable,
proven equipment, don't overlook the potential benefits of newer technologies
that could improve efficiency and productivity.

9.            Safety
First: Prioritize safety when selecting equipment. Ensure that the items you
purchase meet industry safety standards and provide adequate protection for you
and your employees.

10.         Track
Expenses and ROI: Keep thorough records of your equipment purchases and track
their return on investment (ROI) over time. This will help you make more
informed decisions in the future and identify areas where cost savings or
improvements can be made.

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The
National Association of Realtors has recently updated their policies on paying
commissions to its realtors.  This is a brief overview of that decision
and how it pertains to you as a homeowner and to handypersons.

 

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Mike R reached out to the Handyman Pros wanting some start up advice.  We have done many shows on business practices for handypeople, so we thought it might
be time for an index show, a short description of the shows we have done with business practices in mind.

 

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Handymen typically accept various forms of payment for their services to accommodate the preferences and convenience of their clients. Here
are some common forms of accepting payment:

1.           Cash: Cash payments are straightforward and immediate. Many handymen prefer cash payments
as they are easy to handle and don't involve transaction fees.

2.           Checks: Some clients prefer to pay by personal or business checks. Handymen may accept
checks but usually wait for them to clear before considering the job complete.

3.           Credit/Debit Cards: Accepting credit or debit card payments allows handymen to offer
convenient payment options to their clients. This can be done through mobile
card readers or online payment processing services.

4.           Online Payment Platforms: Handymen can utilize online payment platforms such as
PayPal, Venmo, Square Cash, or other similar services to receive payments
electronically.

5.           Bank Transfers: Clients may opt to make direct bank transfers to the handyman's
account. This method can be convenient for both parties, especially for larger
transactions.

6.           Payment Apps: Mobile payment apps like Zelle, Google Pay, or Apple Pay provide another
convenient option for transferring funds securely.

7.           Invoice and Payment Terms: Some handymen may work with clients on invoicing and payment
terms, allowing for installment payments or setting up payment plans for larger
projects.

8.           Bartering: In some cases, handymen might accept goods or services in exchange for their
work. This could involve trading services with other professionals or accepting
goods as payment.

It's essential for handymen to communicate clearly with
their clients about their preferred payment methods and any associated fees or
terms. Additionally, using written contracts or agreements can help ensure clarity regarding payment expectations for both parties.



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We customized a laundry room for a client and built a great
value add laundry folding table.

 

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In this episode the Handyman Pros have a discussion about
Every Door Direct.

Every Door Direct Mail (EDDM) is a service offered by the
United States Postal Service (USPS) that allows businesses to send targeted
marketing materials to specific neighborhoods or ZIP codes without needing a
list of addresses. Instead of addressing each piece individually, businesses
can select postal routes and have their mail pieces delivered to every
household along those routes.

Here's how the EDDM service generally works:

1.           Targeting:
Businesses can use USPS's online mapping tool to select specific postal routes
based on factors like demographics, household size, income, and age. This
allows them to target the areas that are most likely to be interested in their
products or services.

2.           Design:
Once the desired postal routes are selected, businesses can design their mail
pieces according to USPS specifications. These specifications include size,
weight, and layout requirements. The USPS website provides templates and
guidelines to ensure compliance.

3.           Printing:
After designing the mail pieces, businesses need to get them printed. Many
printing companies offer EDDM services and can handle both the printing and
mailing aspects of the campaign.

4.           Preparation:
Before mailing, the mail pieces need to be bundled and prepared according to
USPS regulations. This typically involves bundling them by postal route and
completing the necessary paperwork.

5.           Delivery:
Once prepared, the mail pieces are delivered to the appropriate USPS facility
for distribution. The USPS then delivers the mail to every household along the
selected postal routes.

6.           Cost: EDDM
can be a cost-effective way to reach a large number of potential customers
since it eliminates the need for purchasing mailing lists and allows for
discounted postage rates.

Overall, EDDM is a convenient and affordable option for
businesses looking to reach a targeted audience within a specific geographic
area. It's particularly popular among small businesses, local restaurants, real
estate agents, and other entities that want to promote their products or
services to nearby residents.

 

 

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