Is a locksmith business worth it?
The short answer is yes, that is if itās of interest to you. You donāt have to dump thousands into it to start, but you can. You can choose your specialty. I concentrate on Residential and Commercial. I also do lockouts on Residential, Commercial, and Automotive. This works for me because of the lower overhead. I donāt have a storefront, I work solely out of my truck. The amount of locksmiths around, really doesnāt matter. You find that some specialize in different things. The important thing is getting to the top of the search. Get a good tech guy to make a website and make sure youāre on the top of your potential customerās searches. Emergency service is important. To get off the ground, you may want to consider 24 hour emergency service. This is something that a lot of locksmiths lack. They donāt want to work weekends, holidays, or go out at 2 AM. If you make yourself available, those are times that you can charge a premium. Consider joining my locksmithing classes if this sounds like something youāre wired for.