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
Product Assembly Service
Put products together for businesses with a product assembly service.
Demolition Service
Form your own construction crew for small-scale renovation with this smashing business idea.
Scrap Metals
A great recycling venture, a scrap metal depot brings out the shine in eco-friendly businesses.
More from Business Ideas
10 Online Side Hustles Proven to Boost Your Bank Account
Even the busiest schedules can accommodate finding a precious few hours to create a profitable online venture — something that many are already mastering.
Their 'Magic Internet Money' Side Hustle Just Hit $1 Billion in Sales: 'We'd Empty 6 Figures of Cash Onto the Counter. The Bank Teller's Expressions Were Priceless.'
Inspired by the concept of decentralized money, Neil Bergquist and Michael Smyers came up with a lucrative idea they believed "would nearly run" itself.
This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet
When Tom Saar moved to New York City, he spotted a lucrative business opportunity.