Starting a Handyman Business in 2023: A Comprehensive Guide

The global consumption patterns have shifted, and consumers today are increasingly preferring convenience and are willing to pay for it. The rise of handyman services is a direct result of these changes. With busy schedules and long working hours, many tasks once considered as DIY now fall onto the hands of professional handyman services. Tasks ranging from assembling furniture, fixing taps, mowing lawns, and decorating patios, to even walking pets, are all serviced by these professionals.

Global Handymen Industry Growth

The momentum in the handyman services industry is strong and shows no signs of slowing down. The global handyman industry is projected to grow almost fivefold over the next nine years, with a compound annual growth rate of 17.21% between 2022 and 2032. The United States leads the pack, accounting for 36.5% of the market share, followed by Europe with 24.80%.

Scope for New Entrants

Despite the robust growth, there remains vast potential for new entrants. Both at a global and regional level, the handyman market is open for fresh contenders. For interested entrepreneurs, here are some key insights to get you started, including growth factors, top players, and prerequisites to build your own handyman services marketplace.

Insights for New Entrants

As a new entrant, it is essential to understand the industry landscape and the factors driving its growth. The rise of e-commerce and digital platforms has made it easier for consumers to find and hire professionals. In 2023, the key to success lies in leveraging these digital solutions to connect service providers with consumers efficiently. Ensuring a user-friendly and intuitive platform, along with providing top-notch customer support, will be pivotal to your business's success.

Readymade Marketplace Software: YoGigs

The journey of starting a handyman business can be streamlined with the help of YoGigs, a readymade handyman service marketplace software developed by FATbit. YoGigs is a full-suite solution designed to help business owners launch an online handyman service business effortlessly. This platform helps bridge the gap between service professionals and customers, making it easier for both parties to find the right match.

Here are some of the key features of YoGigs:

Multiple Payment Methods: Support a variety of payment gateways for seamless transactions. Multi-Lingual Multi-Currency: Cater to a global customer base with support for multiple languages and currencies. Review Rating: Encourage customer feedback to enhance service quality. Google Map: Make it easier for customers to find you with integrated Google Maps. SEO Friendly: Optimize your platform for search engines to rank higher in search results. Push Notifications: Keep your customers informed of important updates through push notifications. Coupons Discounts: Offer promotions to attract more customers and build loyalty.

Pricing Options

YoGigs comes in two variants to cater to businesses at different stages:

GoQuick: Ideal for smaller businesses. Pricing: $999 per month. GoCustom: Best for businesses with more advanced needs. Pricing: $4,999 per month.

For more detailed information and to sign up, visit the YoGigs website.

Starting a handyman business in 2023 is an exciting venture with significant potential. By leveraging the right tools and understanding the market dynamics, you can build a successful and sustainable business. Whether you're looking to connect with customers or need a platform to manage your business, YoGigs is designed to make your journey smoother.