Tips To Make Money From Electricity

Employment opportunities in the electricity sector are expected to grow approximately 12 percent from 2008 to 2018. The United States Bureau of Labor Statistics projects increased building construction that includes electrical work. The Bureau also anticipates that older buildings&electrical systems will need upgrades to meet new electrical codes. Electricians will also be needed to install new energy-saving systems in many buildings.
Finally, more electricians will be sought to replace workers who are expected to retire.
Steps to consider include

Step 1

Structure your electrical business. Choose your business structure with the aid of a Certified Public Accountant familiar with small service businesses. Visit your city or county clerk office to obtain a business license, and inquire about additional permits required in your jurisdiction. Consult with a commercial insurance agent about business liability and professional liability insurance. Finally, ask your state Department of Revenue if you need a sales tax number for your service business.

Step 2

Handle your electrician licensing logistics. Before you can operate as a professional electrician or electrical contractor, you will need a state-issued license. Contact your state electrical licensing department, or general professional licensing board, regarding applicable tests and licenses.

Step 3

Establish your base of operations. If you spend most of your time servicing customers, a small office will likely be sufficient. You need a secure space in which to store your electrical supplies, and a workbench to perform needed wiring assembly work but in some countries and for starters your home may serve as base for storing your appliances

Step 4

Cultivate your commercial prospects. Contact general contractors to discuss potential electrical opportunities in new home construction or remodeling projects. Inquire about commercial construction projects, such as office buildings, assisted living facilities and other commercial buildings.

Step 5

Recruit real estate business. Contact area real estate companies, and offer your services to agents whose clients need electrical services. Electrical work is sometimes needed to prepare a home for the real estate market, or to comply with recommendations issued by a home inspector. Agents who don't currently need your services will appreciate the available expertise, and may provide referrals to colleagues.

Step 6

Attract residential re modelers. Homeowners commonly hire licensed electricians to complete the electrical phase of home remodeling projects. Attract this residential business by offering a discount on electrical project fees for a limited period of time. Work with a graphics designer to create a colorful ad that spotlights these savings. Place your ad in home improvement guides inserted in local newspapers, and reinforce your message by repeating the ad in the newspaper home section.
The point is that even the largest electrical contractors simply don't need that much more work in terms of market share to maintain or even gain ground in this economy. And if they can do it, so can you.