Welding
Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
The main and most important requirement to starting a welding service is that you must have a welding trade certificate. Providing you do, owning and operating a welding service can be extremely profitable. A welding service can operate from a fixed location or on a mobile basis. Of course, a full-service welding business will provide both options to its clients. Establishing a billing rate for welding is accomplished in two formats. The first billing method is to charge per job, which means that you will give your client a cost estimate prior to starting the work. The second and more common billing method is to charge an hourly rate for welding services. The current welding rate ranges between $45 and $65 per hour. All raw welding materials should be marked up by at least 50 percent to establish a retail selling value. Overall, a well-established welding service can easily generate yearly profits in excess of $70,000.
Welding Ideas
Demolition Service
Form your own construction crew for small-scale renovation with this smashing business idea.
Outdoor Bicycle Racks
Popularity over greener modes of transportation increases the need for bike racks. What better place to advertise?
Short-Run CD-Rom Production
Provide a service for clients that don't want to buy CDs in bulk.
More from Business Ideas
Want to Start a Simple Business That Helps the Planet? After 'One Night's Worth of Research,' He Started an Eco-Friendly Gig And Now Makes $200K a Year
Environmentally-conscious laws are picking up steam across the country. When one went into effect in Zach Cavacas's home state, he saw a lucrative business opportunity. Chances are, a similar law is coming to your state, or is already there.
When This Entrepreneur Couldn't Decide What to Name His Business, He Started a $2,000-a-Month Side Hustle to Help — Now It Earns Over $10 Million a Year
Darpan Munjal, founder and CEO of AI-powered startup ecosystem Atom, offered $50 to anyone who could help with the creativity block.
Free Webinar | May 7: How to Write Your One-Page Business Plan Workshop
Did you know entrepreneurs with business plans are 260% more likely to launch? Join our workshop on May 7th and learn how to create a one-page business plan that will help you get your business off the ground. Register now!