to be walking you through how to start your painting business from scratch. I’m just

going to show you how I did; because that’s actually exactly how I started my painting

business was from scratch. I had no money, I basically like desperately needed money,

it was you know going into winter time, and I just I need money really fast and really

easy and I needed a lot of it. So I started my painting business.

Step one, register your business and you know, license. So in Colorado I’m fortunate, I

don't actually need a license in Colorado to operate a residential painting company.

You will have to check in your individual state on licensing, I know some states are

real pain in the butt as far as licensing go. Registering your business costs fifty

dollars and takes about five minutes, to go to Secretary of State website, you can just

Google it Secretary of State register my business and you will just find it, cost 50 bucks to

do that and it wouldn’t take you more than ten minutes.

I had some people asking me the question about licensing, do I need a license? What happens

if I don't have a license? Basically you can do anything you want in the world, but there

are consequences for things, because they are rules. So you don't need a license, but

there are consequences to not having a license and every state is going to different with

what those consequences are. So let's just say for example, you know you could get fined

$5,000 for not having a license, you know okay cool. Now you know if you want to go

operate your business without a license you could - if you get caught, you’re going

to pay five thousand dollars, so just be ready for that and also there's going to be customers

who don’t book with you, because you don't have a license, so be ready for that. You

know, so those are really couple of big things I have to do with you know with getting a

license, those are two big consequences. So it's definitely worth getting license, and

if you don't know, you don’t want to let - if you don’t get a license, or don’t

want to worry about getting a license, know that you're risking the consequences, cool?

Step two, so again this should be really quick. Step two, is basic material, so fliers, contracts

and a basic clime angle. So I like to put together a little folder that just like hey

about me, about the company, about our process, this and that. A basic flyer to hand out door-to-door

and a contract to write up my estimate on, by the way this entire system exactly step-by-step,

every little bit of it is included in my course at the web site listed below, @ www.PaintingBusinessPro.com.

You can actually get templates for the flyer, contract for the client manual, share the

rates of the business, marketing, we will actually walk through every little part of

this, I actually walk you through exactly what to say, the scripts, give you all the

materials and everything. So just want to make note of that, because I know I'm not

going to lot of details on these things in this video, I just want to show you the outline,

all the details are in the course there. So step one, register. Step two, basic materials

put those together. Step three, is marketing. So now you’re ready, like once you got registered

and you got materials, which shouldn't cost you more than 50 bucks and probably 100 bucks,

which like 150, now you start marketing. So there is two ways to market, you can go door-to-door

and you know that's what I did, I just went door-to-door and here's what I say, knock

on the door; say “Hey how is it going? I’m Eric, I’m with Foothills Painting. I noticed

you have some peeling paint up here, so I just want to give you some free estimate.”

And then they say okay and I take down their information and I say I will call them in

a couple days. So that’s door-to-door marketing, and I’m

going to go in a lot more details later in the course. And buying leads, you can buy

leads from our company that we started which is Painter Choice, which is painterchoice.com

or paintingleads.com. We sell really good painting leads, but we are not all over the

country yet, so you may not be able to get me to leads from us yet. And then you also

can use homeadvisor.com but check out my marketing videos, I talk about different ways to market

there. So now we are at three, so now we got leads

coming in. Whether it’s door-to-door from buying leads, you have customers who want

estimates coming to you. Step four, schedule the estimates. So you

call them up and set up the estimate. Again we have an initial phone call script that

we used to set up really good estimates. Step five, do the estimate. So it's as simple

as showing up, talking to the people about what they want, what is imported to them,

you know working out different options for them, coming up with the price, writing up

on the contract and reviewing it with them. Once you've done a few estimates, you book

your first job. When you book a job, you take a 25 percent deposit. So our average job size

this year is probably 3,400. So when we take a deposit, we take about $850 deposit, that’s

your profit. So that’s instantly like in your pocket, you don't need to spend on anything

else. That $850 deposit pays for your marketing, registration and puts the first 600 – 700

bucks in pocket, awesome so now you’re in business.

So the next thing you do, so now you’ve got a job to do, you’ve got a deposit, you

go higher a contractor. Use Craigslist, we got scripted ads, scripted interview process,

scripted phone calls, everything about this we’ve got scripted out. You go hire some

contractor to paint that house for you for fifty percent for what you just booked it

for, when they paint that house for fifty percent, you collect seventy- five percent

remaining from the customer, you make another twenty-five percent. So you make 850 when

you book it, you make 850 when you produce it, then you just repeat the cycle.

And then how do you grow the business? Repeat the cycles as many times as you can in a week,

until you don't have any more time and then you start hiring people to start doing other

things for you, so you have more time to do more sales and generate more money.

So that's how you start a business on shoe string budget. If you have any questions or

comments, I would love to hear about them below. If you haven’t subscribe to my channel,

subscribe hit the red button or subscribe right here. And then also if you like video,

give me thumbs up. I really love hearing from you guys, really helps me craft better videos,

so I would love your feedback to make better videos. That’s all I’ve got for today.

I'm out, thanks!