Making and selling roofing materials has high prospects in areas with a very developed sphere of building low-rise houses. Typically, roofing companies also provide a range of installation and repair services. Their range includes roofing, insulation coatings, various fittings, and other components.
What makes this business attractive is that it has a low entry threshold, so if you’ve been thinking about a startup for a while, this is a great niche. In this article, we will give you valuable tips and ready-made ideas so that you can start your business without delay. By the way, this Boston roofing organization put these tips into practice twenty years ago and successfully took its place under the sun.
You can read their informative articles on their website to better understand what the roofing business is all about. However, if you need a roof repair or renewal service, you can also turn to these guys, who will be happy to help you at highly affordable prices.
Ready-made tips for the roofing business
Here are templates for how you can proceed:
- You’ll first need a place with a prominent enough footprint to set up a business. It should be at least 100 square meters because you need somewhere to store the roofs.
- Prepare the money – the total investment for opening small production is estimated at $ 20 thousand. This cost includes everything from buying a small space to buying tools. It would help if you also considered that, most likely, you will also have to pay extra money to officials to process all the necessary documentation.
- You can sell or sell your roof in different ways, for example, through stores of building materials or construction companies. You can also work directly with individuals. To find customers, you need to introduce advertising. It works most effectively in its native form on the Internet. Still, you can negotiate with construction stores to place advertising stands and catalogs with pictures of your completed projects on their premises.
- The roofing production and installation business is seasonal. Most orders come in between April-May and October-November. Of course, this varies significantly from state to state as the climate changes, but the numbers are as follows on average. It would help if you kept this fact in mind to identify periods of decline and growth in activity skillfully. The profitability of this type of activity is estimated at an average of 55%.
Okay, so we found out what a roofing business is and gave you some tips for its development. But we can’t mention the risks. Any business is a risk, but if you know what to expect in the roof repair and building industry, you’ll have a much easier time dealing with the unexpected. So, the roofing business is subject to the following risk factors:
- Significant increases in the price of component materials.
- The presence of factory defects.
- Lack of suitable weather conditions for work.
- Decrease in demand for products.
- Decrease in purchasing power.
Probability of risks:
- Significant increase in the price of component materials – 25%.
- Presence of factory defects – 10%.
- Lack of weather conditions – 15%.
- Decrease in demand for the products – 10%.
- A decline in purchasing power – 25%.
What can you do about it? Well, for example, you can stimulate demand by lowering the service cost. You can also conduct a quality advertising campaign and provide a high level of service. Of course, you get rid of all the risks forever you cannot, but you can at least minimize the chance of their occurrence. Good luck!