4 Steps You Must Take to Start a Welding Business

Not every business can survive in a recession, but – with the increasing need for welders – this may be the perfect opportunity to start a welding business.

But, how do I start that? What steps do I need to take to open a business?

Whether opening a bookstore or a welding shop, there are 4 steps that all potential business owners need to take in order to start their business off right.

Business Card QuotesImage Source: Nathalie Magniez

4 Steps You Must Take to Start a Welding Business

1. Research and plan your business

Basic questions that must be answered include:

  • What is the demand for my services? Assessing whether there is a need for your service is extremely important. It would be like opening a coffee shop in an area with 10 Starbucks. Unless the coffee is exceptionally great and their marketing campaign blows Starbucks out of the roof, they would probably have a hard time drumming up business. However, if you still think that your welding business can thrive despite the competition, just keep this in mind:

The key to success is to find a way to stand out, to be the purple cow in a field of monochrome Holsteins.

– Seth Godin

Basically, make sure your business sets apart from the crowd!

  • Am I going to operate locally, or do I want my business to service many states, all of the US, international clients, etc.? This would depend on the type of welding business you open up. It would make better sense to work locally if your welding business is a repair shop, but if your business is to sell welding tools and supplies,you could probably work on a national scale.
  • Who are my customers? Are they everyday people looking for a quick welding repair job, or are my services catered towards big businesses?
  • How am I going to price my services? This is a big question that must be answered after serious thought. What do your competitors charge for similar services? Are those prices fair, or do you think you can complete the same jobs for less? Maybe you can compete the same job at a better quality for more money. You determine what the prices are, but keep in mind your customers. If they can get the same job done somewhere else for less money, you many have a hard time charging higher rates.

2. Create a Brand

Who is your business?

What is the name?

Is there a motto that you stand by?

These questions should not be answered lightly. Your brand is everything in today’s market. From Nike’s “Just do it” to McDonalds’ “I’m lovin’ it,” customers can easily identify and even relate to companies with a well thought out brand model. You want to be professional.

3. Secure Funding

The best way to go about this is to find potential lenders and investors. Have your business plan ready to explain to potential lender and investors why your business will work in today’s market.

Panama Business and InvestmentPicture Credit: ThinkPanama

Also, you can save up the money yourself. The best I’ve heard about starting a business comes from Susan Ward via About.com:

Start your business while you’re still employed.
How long can most people live without money? Not long. And it may be a long time before your new business actually makes any profits. Being employed while you’re starting a business means money in your pocket while you’re going through the starting a business process.

– Susan Ward

 

Once you have a plan, a brand, and some money, it’s time to. . .

4. Focus on marketing!

It really doesn’t matter how great your business is if no one has heard of it. Don’t expect people to just stumble across your website via Google; take the initiative to let the public know about you. There are many ways to market your business. You can use social media (Facebook, Twitter, etc.), you can pass out promotional fliers (some even offer a discount for a certain amount of time for new customers), or you can take the old school and try “word-of-mouth.” That method is a lot slower, but you’re likely to gain many loyal customers from it.

 

These steps provide just a small picture of what it takes to start a business. Of course, you will need to know legal information (like what permits you may need to set up shop locally, tax issues that you need to take care of, codes and regulations for hiring/firing employees, etc.), but with this little bit of information, hopefully you can begin to map out a future for your welding business. You can find a few more tips and information on starting a welding business on WeldingTipsandTricks.com.

 

For those of you who have started the process becoming entrepreneurs (or are already entrepreneurs), let us know how the experience is working out for you. Do you have any advice, tips for starting a business? What would you have done differently in your journey?

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16 thoughts on “4 Steps You Must Take to Start a Welding Business”

  1. David says:

    I want to start a welding business badly. I want my hometown to have a small manufacturing plant someday. I am aiming for either Livestock gates, feeders and other parts of the field or making equipment attachments like snow plows, snow blower augers, lawn mower guards and other UTV or ATV attachments.
    I was wondering how would you go about finding out how to make things without patent troubles or the copyright troubles. Also if you would know how to find out where some companies are looking for towns that have people who could bring in that type of business.

    1. Luke Gunkel says:

      This might be helpful to you. It’s a guide that shows small fabricators how to find more business in the steel fabrication world. http://www.getsteelwork.com

  2. Precious says:

    I am a women I want to start a welding company I am a qualified welder but I need to have my own company since in my home to is full of poor economy please help me what to do what I must start with

    1. fakhar says:

      what kind of work u do . there is alot of welding fields . can u simply explain

    2. Precious Leverette says:

      How do I start something small I was going to work from my car and go around welding things for people but I’m trying to see how I do it

  3. John Msami says:

    I am welder I want to be my own wielding work shop and company,but I am poor ,I need help how to do to start with.

    1. Luke Gunkel says:

      This might be helpful to you. It’s a guide that shows small fabricators how to find more business in the steel fabrication world. http://www.getsteelwork.com

  4. Enos says:

    I am a qualified welder with a Level 1 Welding and Fabrication Inspectors certificate.I want to start a welding company that will service the mining sector.How do i start,i need help since i do not have funding

    1. Steve says:

      If you have no funding then starting a business is very difficult. You may want to seek a partner or secure a small loan. First establish that you have a market and that someone will provide you work. Just having welding machine isn’t enough. You will need to market your business. I suggest working and running the business part time.

  5. Raphael says:

    I need to set a welding shop , what items do I need to prepare?

  6. Joshua Warren earp says:

    Hey I’m a certified welder I have my own welder and all the stuff to weld Mobley I work for a Solar Company they gave me the the opportunity to bid on all their jobs which is a lot but they’re telling me I need business insurance just curious if anyone can give me any kind of advice on starting up my own business proposal with insurance and everything I might need like a tax number and other information I’m not really sure how all that goes

  7. Prakash says:

    Can I start my weld shop main road side

  8. Prakash says:

    Is there any ristriction from public?

  9. Brandon Schmitz says:

    My boss now is gonna teach me how to weld. My question is do I need to get a welders certification to start a business or can I just get my business license and start right in. Wanted to make custom car part for cars like headers, intake tubes, exhausts,etc. Do I use mig or tig for welding pipe together for pipes under presser like headers. Thanks.

  10. lawrence says:

    hi I hv just graduated 4rm college in welding.I’m keen to open my own workshop 1day
    my problem is where can I get funded?

  11. Jamie wray says:

    Hi I’m 26 years old fully coded welder with a 6 years experience welding anything from gates for people houses to huge farm machines to cars, I have been thinking for a good year about setting up on my own company and was wondering if anyone has set up and successfully going well? Also what did you buy first?
    Any help would be much appreciated
    Thanks jamie

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