10 Reasons Why You Should Start a Hot Tub Installation Business

 10 Reasons Why You Should Start a Hot Tub Installation Business

The hot tub industry has grown tremendously in the last few years, so the time has never been better to start your own hot tub installation business! Hot tub owners are realizing more and more that having a hot tub at home can be an amazing way to get some quality relaxation time in and that installing one yourself can be much easier than you thought it was going to be. Here are 10 great reasons why you should start your own hot tub installation business today!

1) Hot tubs are trending again

Sales are up! Their popularity has steadily increased over recent years and as one of today’s hottest home trends, it won’t be long before everyone wants their own hot tub. If you’re planning on starting your own business and don’t know where to start, installing hot tubs is an idea worth looking into. With so many hot tubs being sold across North America, there should be plenty of people interested in installation work. Here are ten reasons why you should consider starting a hot tub installation business

2) Demand for hot tubs are growing

People want to relax and refresh in all areas of their lives and having their own hot tubs are one way to do that. When you start a hot tub installation business, you’ll be giving people what they want. In fact, according to Statista, there were over 1 million spas installed in U.S. homes by 2013. And by 2020, it is estimated that 2 million spas will be installed annually—that’s a lot of opportunity for your new hot tub installation business!

3) Starting an industry niche business is easy

People like to be comfortable in their own homes, and installing hot tubs can help make that possible. Plus, you’ll have people coming back year after year to maintain and refill their hot tubs. Consider some of these 10 reasons for starting your own hot tub installation business. What do I need to start?

Depending on how much startup capital you have available, there are three basic ways to get started: buying an existing franchise, opening a new franchise or purchasing a turnkey business (which includes all necessary equipment). There are pros and cons with each approach; deciding which is best for you depends on factors such as your level of experience and financial resources.

4) A bigger market than you think

If you’re trying to find a startup business, consider looking into hot tub installation. More and more homeowners are using their backyards for entertaining, which has led to an increase in demand for hot tubs. Also, many people are turning to hot tubs as a way of relaxing after work or during leisure time. According to one estimate, there were over 3 million installed hot tubs across North America in 2011 alone! With that much money flowing through your business each year, it won’t be long before you’ve built up a sizeable nest egg.

5) As an industry leader, you’ll have unique opportunities

The hot tub business is still new, which means you can create your own niche in it. Because there are so many hot tubs currently being sold and installed—and because of how well-known they are for their health benefits—there’s always going to be demand for more hot tubs to be installed. And since you’ll likely have more experience than most other professionals in that field, you could become an industry leader by offering services like installing hot tubs on a variety of surfaces (such as decks or patios) or offering maintenance packages. You could also offer additional services like installing saunas or spas to further increase your income potential.

6) There are multiple revenue streams

You don’t have to depend on hot tub sales alone. In fact, it’s recommended that you don’t rely too heavily on new purchases. Because if you do, when things go wrong (and they will at some point), it can be hard to recover your losses and get back on track. So start thinking of additional ways you can make money with your installation business beyond just selling hot tubs. For example, as people begin using their hot tubs more often, many find themselves in need of chemicals for water purification. And guess who sells those? That’s right: you! There are plenty of other opportunities like these out there. The more you think about them now, before launching your business, the better off you’ll be down the road.

7) It doesn’t take much startup capital

The most startup capital you’ll need is $1000-$2000 for supplies and an initial marketing budget. Many hot tub installation companies get started with under $2000. According to Entrepreneur, the cost of starting up a home-service business averages about $23,100 for a landscaping business and about $30,000 for an extermination business. That doesn’t include marketing costs and other expenses that can vary from industry to industry.

8) The competition isn’t stiff

While it’s true that there are other hot tub installation businesses in your area, they might not be able to take on new clients at present. And as long as you keep current and informed on what’s happening in your local hot tub market, it should remain fairly simple to pick up new clients from referrals and word of mouth. There’s also less competition if you want to start a business serving clients with existing spas or who have hot tubs at their vacation homes. Plus, while demand for spa services is highest during winter months when people are looking for ways to relax and unwind, that means many customers will be looking for help year-round—and many people prefer scheduling repairs in spring or fall when they can avoid inclement weather.

9) A great investment in your health and well-being

If you are considering starting a hot tub installation business, think about how valuable owning your own hot tub would be for you and your family. Owning your own business will allow you to design and customize your hot tubs to meet your customers’ unique needs. Since most health clubs don’t have therapeutic whirlpool spas, if you install spas, you will fill an important niche in need of attention.

10) People will pay more to deal with professionals (you!)

In life, people typically don’t mind paying for things that are important to them. This is why it’s not uncommon for people to pay $100 or more an hour for their therapist. If you’re comfortable with installing hot tubs, then people will pay you to do it right! The average cost of installing a hot tub is around $3,000- $5,000 depending on your location.

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