How to start a locksmith business?

To start a locksmith business, you need to purchase equipment, decide on your scope, and market your business. Starting with a business plan can give you a clear idea of where you see your business going and the steps you need to get there.

1. Purchase Equipment

   To begin a locksmith business, you need to have certain equipment. You need to purchase equipment such as key decoders, key extractors, plug spinners, key cutters, and many other related items. This can cost you somewhere from $1,000 to $10,000, depending on the scope of your business.

2. Decide on Your Scope

   You need to define the scope of your locksmith business to decide how large you want to start. This often depends on how much money you have for startup costs. You may decide to begin a locksmith business with a physical location, which costs more money but may be worthwhile depending on your local market.

3. Get Necessary Permits and Licenses

   To legally begin a locksmith business, be sure to obtain all the proper permits that require fees to obtain such as the department of transportation fees (DOT) and the heavy vehicle use tax (HVUT). Prices and permits differ from state to state, so you should look into what your state specifically requires so you may budget accordingly.

4. Market Your Business

   Traditional marketing techniques are a great way to market your locksmith business. Another important thing is word-of-mouth referrals. Because of this, you should strive to provide solid customer service, so you can get a great reputation.