The average general contractor’s salary is roughly $55,000 per year. However, if you’re in the construction business and want to earn more than that, you may look into starting a commercial contractor business.
But what type of business will give you the best earning potential? We’ve put together this article to give you some ideas. Here are the top 8 most profitable commercial contractor business ideas.
Ceramic Tile Installation
Ceramic tiles are very popular today thanks to their unique blend of durability, looks, and affordability. If your contracting business specializes in ceramic tile installation, you should have no problem finding enough clients to keep you going.
Plus, unlike many other kinds of commercial contracting, you won’t need tons of expensive gear to get your business up and running. This makes startup costs low, which should make it easier to grow your business in a shorter amount of time.
Wallpaper Installation and Retailing
Wallpaper is making a comeback, and it’s the perfect time to jump into the industry with a contracting business. Like ceramic tile installation, you can do wallpaper installation with minimal upfront investment.
But the real money-maker here is getting into wallpaper retailing. The average cost of wallpaper can get up to $450 per roll, and the average house will need many of these rolls.
You’ll earn a percentage for every roll of wallpaper that you sell plus the costs of installation, and remember, you don’t need to spend much upfront to get started.
Construction consultants can earn upwards of $450,000 per year. Their job also involves much less physical labor than each of the other options on this list. That means starting a construction consulting business could be a good option.
The one thing about becoming a consultant is that you typically need to have a good amount of experience, or else people won’t value your input as much. So this may or may not be an option for you right away.
Commercial paving projects tend to be very expensive because they involve so much machinery, labor, and materials. However, that means that you can do quite well for yourself by starting something like a commercial paving company in El Dorado County, CA.
Customers want to hire the best for these kinds of large-scale projects, and many are willing to pay higher rates for them. Therefore, establishing yourself as the go-to provider in your area could be very lucrative.
Electrical wiring is one of those contracting services that everyone needs. You could serve residential and commercial clients as an electrical wiring specialist. This means you should never be out of work for very long once you establish your business.
The other nice aspect of this contractor business opportunity is that you don’t need a ton of gear to get started with it. You may already have everything that you need to start seeing clients right away.
Security Systems Installation, Maintenance, and Supply
Security systems play an important role in keeping commercial businesses and lots safe and free of crime. Getting into the business of installing and maintaining them could also be a great career move for you.
When you install security systems for someone, they’re also very likely to hire you to maintain them. Plus, you can also act as a supplier of security camera models and take a percentage out of each sale that you do.
That means you’ll have three major opportunities to bring in income when you choose this line of contracting work. It’s really hard to beat that.
Custom Home Building
Everyone wants to live in their dream home. But for some, it’s impossible to find that home on the market. So they need to build it themselves. That’s where you could come in as a custom home-building provider.
As a custom home builder, you’d only need to find a handful of clients yearly to earn a really impressive salary.
The challenge of this career path is that building custom homes require a lot of planning, machinery, and labor. It can be hard to manage all of this on your own.
Pool Products and Services
Depending on where you live, you may also want to get into the pool products and services industry. In some communities, such as Palm Springs, everyone has a pool. That’s a ton of potential clients for your new business.
The other great thing about this line of work is that it doesn’t require much experience or skill to start. You just need to do a little research to determine which pool products you should use and when.
You can also start selling pool cleaning products to your customers and taking a percentage out of every deal you do. It’s another line of work where you can access multiple income streams.
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Source: Strategies Online