/ BLOG

Tips for Saving Money when Growing a Painting Business

May 24, 2022 · 4 minutes to read

Starting a small painting and decorating company is a major milestone in your professional career – albeit an expensive one. From marketing, accounting and insurance to the paint and equipment itself, there are many costs associated with starting a painting business. And this usually comes after years of applying your trade and fulfilling other requirements such as getting your painting license.

A happy house painter with roller and samples

Luckily, this guide will show you some cost-effective painting business ideas that could save you money when growing your painting business. Whether you have just started or you’re a seasoned professional, there might be some tips that could help you save some valuable money that can be reinvested into your painting business.

Use free marketing resources

When you’re just starting out, the amount of marketing jargon and social media platforms can be quite overwhelming. But since there are many in a similar situation as you, there are many free resources available targeted at the complete beginner.

You have already jumped online and started your research into bettering your business by reading this blog, so why not take it further and subscribe to some YouTube channels that explain some basic social media marketing techniques?

Social media can be a major channel of new clients for your painting business so consider learning about the value it can add and the money you can save through free marketing resources.

Buy wholesale

From brushes and thinners to ladders and safety equipment, running a professional painting business requires a lot of gear – not to mention the paint!

A lot of this equipment is constantly needed job after next and some of it needs to be replaced after a couple of uses. This can get expensive, especially if you are going to the local hardware store a few times a week.

If this is the case, consider buying wholesale – where buying in bulk comes at a discount price. Not only will this significantly save you money, but it will make you more efficient as you won’t have to be going back and forth getting new gear.

Create an email marketing list

Just like social media, email marketing is another important form of communicating with your customers.

It allows you to keep in contact with old customers while expanding your brand to new and potential customers.

The easiest way to start an email list for your small painting business is to create an incentive to sign up. Offer some discounts for first time customer or a coupon code to make your clients feel like they are a part of your exclusive list.

Organic growth can be tough in the world of marketing, but this is a tried and tested method of engaging and growing your client base at a relatively low cost.

Sort out your business insurance early

Many states require owners of small painting businesses to have insurance coverage. While this varies by location, you will likely need two types of insurance:

  • General Liability
  • Workers’ Compensation

General Liability insurance* protects businesses against the risk of customer injury and third-party property damage.

Workers’ Compensation insurance* covers employee injuries and illnesses sustained in the workplace. You will typically need to buy this coverage before hiring your first employee, which includes full-time and part-time staff plus subcontractors. You may also require Workers’ Compensation as a sole proprietor in some instances.

While sorting out your business insurance will cost you money, it is often only a fraction compared to the significant financial costs associated with a claim. In that sense, getting business insurance is a small cost that could save you financial ruin in the long run.

Comparing painters’ insurance is easy with BizInsure. Just jump online and get covered in minutes.

* This information is a general guide only and does not take into account your objectives, financial situation or needs. Always check with your local licensing board when getting or renewing your contractor license to ensure you are meeting their current licensing requirements.

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Great total experience. The agent was professional, knowledgeable,and a pleasure to work with. The fastest business insurance purchase I've ever experience. I highly recommend Bizinsure.
Tony W.
1695492357
Communication was excellent and the process was easy.
Jessie R.
1695153508
I have been using Bizinsure for several years and find the ease of renewing as well as generating additional insured certificates to be easy and useful, especially as a sole prop. thank you
Michelle C.
1695060008
Kaleb tailored the right coverage to our business. Customer service was good and gave great understanding of coverage. Thank you from Goleda's Gentle Homecare LLC
Aneesah M.
1695056651
BizInsure is very easy to do business with, they contact me for policy renewal so I never miss it and renewing is very easy!
carrie W.
1695048243
A GOOD COMPANY FOR HEALTH CARE INC
Supreme A.
1694871640
Easiest & fastest online quote and purchasing experience out there. Inside of 10 minutes I had a quote, payment draft, and policy in force... and at the most competitive GL rates I found.
Rusty H.
1694699044
very quick and prompt service.
Sally Jo W.
1694180429
caleb was great in helping me navigate thecorrect liabilty insurance for my company
Lindsay Erin P.
1694135867
Friendly fast service I recommend you to all vendors
Terry R.
1694133043
Great
Kemi S.
1694119021
Great Customer service and easy renewal process!!!! I would refer this company to anyone.
Chris H.
1694038325
Great company easy to work with, Andrew was very helpful,you can call him any time he is ready to listen and help
Olu A.
1693959486
Good customer service indeed
BASSI T.
1693944217
I am really satisfied BizInsurance. I was having a hard time getting insurance for my business. And when I called them they was knowledgeable in what I needed for my business. Thank you now I can get started with my business. I’m excited.
Geneva B.
1693603091
Very helpful! The representative called me and got things fixed very quickly.
Carrie L.
1692930149
I’m covered! The process was easy and friendly agents to assist you with identifying the right choices.
js_loader
Google Rating
4.6
Based on 182 reviews
×
js_loader