How to Generate Revenue From Your Home Improvement Projects
In 2020, homeowners in the United States spent an average of $8,305on home improvement projects alone. Experts predict that more people will follow that trend of spending more time indoors, especially after the pandemic. So, if you spend most of your time indoors and have a passion for DIY home improvements, why haven't you monetized them?
Maybe you haven't tried it because you think the idea is absurd and won't work. But have you even researched online to see how many home improvement bloggers have surfaced since the pandemic? Thousands and thousands have followed this new trend. And many of these bloggers have already influenced an infinite number of homeowners globally.
Let’s get straight to the point. If you want to monetize your home improvement projects and encourage others to follow their passions, you can. It all comes down to a few steps that might seem challenging but are very effective.
Create and Monetize Your Blog
The first step is creating your home improvement blog and uploading content. Generally, your blog is your platform to tell the story behind your projects and inspire others. The best approach is to select one niche. For instance, if you're skilled in refinishing hardwood floors, start researching issues you can discuss. This will help you to attract the relevant audience and give you a robust foundation.
Additionally, you can add a creative logo for your business to create an excellent first impression, build brand awareness, and stand out from the competition. If you have a tight budget, you can utilize an online logo maker and design your own logo. Just choose an appealing style and icon, then add any relevant text.
Drive Traffic via Social Media Platforms
You can have the best designs and content for your blog, but it won't matter if people don't know it exists. Ensure you engage with your audience on social media platforms like Facebook and Instagram. Publish your content daily, and search for ways to engage with other bloggers. What's more, you can increase traffic significantly through paid ads.
One of the most effective ways to market your business on social media is to create and share memes. Memes are highly shareable images or videos that usually feature text overlays. They can be serious or funny, but they should always be relevant to your brand. When done right, memes can be a powerful way to reach a wide audience and build brand awareness. You can try making your own meme with an online meme maker. Personalize your meme with your own font and images.
Form an LLC
Before diving into the blogging process, you should consider establishing a business structure. Once you generate income from your projects, you'll likely use this chance to transform it into a business. Make the business legal and protect your assets by establishing an LLC, which is possibly the cheapest and simplest entity to establish. Plus, registering an LLC through the state doesn't require excessive paperwork, and it often takes as few as five steps.
It's easy to monetize your home improvement projects, and you probably should. Not only will it provide a platform to share your stories and skills, but you can even transform it into a full-fledged business. Follow the tips in this guide, and you'll have a strong foundation.
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Written by: Charlotte Meier