Market Research: The Definitive Guide (2023 Update)
February 2, 2022
February 2, 2022
Starting a business is a challenging endeavor that requires time, money, and continuous learning. In our blogs, we cover how to start a business with brief overviews. In our hub, we aim to provide you with everything you need to go through each step. Our first step is conducting market research.
Throughout the steps, we’ll provide insights from Paul Akers, the owner of FastCap, and a Lean Expert who has created hundreds of products for woodworkers and cabinet makers.
There are four basic steps to conducting market research:
We’ll start by exploring some of the concepts involved in market research analysis to help you perform it yourself.
Market research is the process of gathering information about target customers to better understand their views about a product or service. The primary ways of classifying market research are:
Let’s look at each.
Market research normally uses six methods of collection when looking for answers:
Let’s look at each.
Primary research is the original research conducted directly by an organization. It is used to find out what customers are interested in. It can be done through questionnaires, interviews, or videos. Primary market research is used for understanding the underlying needs and desires of consumers.
Primary market research helps us to understand the needs, wants, and behaviors of potential buyers. It is the basis for the buyers’ persona. It helps us to formulate marketing strategies that can be used to meet those needs and wants.
Secondary market research is a process of finding information about a product or service through other sources. This includes looking up other companies that are in the same market as your company and finding out what they are doing.
A company should conduct secondary market research to find out if the product or service has been done before, which will help them figure out how they can differentiate their product from competitors.
Secondary research can be used to gain information about competitors, pricing, distribution channels, etc. It also helps the company save time by not having to conduct primary research that has already been performed.
Researching competitors before you start your business is not only crucial for success but essential for survival in the business world where everyone is trying to get ahead.
One is focused on themes while the other is focused on information that can be processed numerically. Let’s look at each.
Qualitative research is focused on finding themes that run through interviews and surveys. This type of research is more focused on opinions and is more art than statistical analysis, but in some cases, you can turn this type of research into data that can use statistical analysis.
For instance, a question like the one below converts a qualitative data point into a quantitative data point, making it easier to compare how happy someone was with their food.
You might perform qualitative research along with market validation after you have created a prototype of a new product.
This research is focused on information that can be easily processed with statistical analysis software. For instance, median household income would be easy to statistically calculate if you gather the data for the target customers’ income. Market research analysts love this kind of data because it is easier to process.
Exploratory research is market research that looks for a better understanding. For instance, you may have come to this site doing exploratory research about how to do market research for a startup. After you’ve gained broader information about marketing research methods, you might move on to more specific research.
Specific research is when market researchers are looking to answer a very specific question using market data. This research might include searching for a specific concept or item. For example, the lowest cost statistical software for a company that will have ten users of the software. You might also want to research the history of a business location before deciding to sign a lease because some shopping centers have high turnover.
To find the answer, you’ll probably want to go with Google Workspace because Forms, Sheets, and other useful business tools are included in the same package as your email. Google is the primary email provider for small and medium-sized businesses.
Market research may include a combination of primary and secondary data, quantitative and qualitative data, exploratory and specific research. Now that you understand the market research definition, let’s look at the common market research methods and what questions they are trying to answer.
Most companies will perform 13 types of market research:
In each of these, market researchers attempt to answer different questions. Let’s discuss each.
One of the leanest ways to do market research is a literature review. With your laptop or cell phone, you can easily find vast amounts of data about your market through sources like:
After you’ve gathered everything available through market research, it’s time to create some surveys.
Surveys are the most common type of market research because they are so easy to conduct and are low-cost. With software like Google Forms and Facebook, you can easily create a survey, distribute it, and analyze the data on your own.
When creating a survey, it is important to be aware of some best principles including:
Confidence Level | Margin of Error | Sample Size |
99% | 1% | 16576 |
99% | 2% | 4145 |
99% | 3% | 1842 |
99% | 5% | 664 |
99% | 10% | 166 |
95% | 1% | 9603 |
95% | 2% | 2401 |
95% | 3% | 1067 |
95% | 5% | 385 |
95% | 10% | 97 |
90% | 1% | 6764 |
90% | 2% | 1691 |
90% | 3% | 752 |
90% | 5% | 271 |
90% | 10% | 68 |
You can normally gather the data you need through this method for under $5 per survey participant, making it one of the most effective and lean methods of gathering market research.
Another great tool is a market research interview. They follow the same principles of surveys but have the benefit of the ability to ask follow-up questions. Using these with select survey participants who gave meaningful input might be useful.
Interviews are much more labor and capital intensive than surveys, so only use them for follow-up questions for your target market.
Keep reading to learn about focus groups.
A focus group brings 5-10 people together to discuss a product or service with a moderator. These will typically run $4K-$10K per group, and they are not conducive to being conducted by novices because of the challenges involving focus groups dynamics.
If you are going to use this type of research, we’d suggest hiring a professional market research firm to assist you in the recruiting and managing of a focus group. If you are trying to run lean market research, you should skip focus groups entirely.
Keep reading to learn about observations as a market research tool.
Observation can be an extremely powerful market research tool. Using observation, you can learn how people actually interact with your product and service, but it doesn’t allow you to actually communicate with them.
Observation is particularly powerful for software products because tools like Google Analytics and Crazy Egg help you see how people interact with the software. This makes it easier to fix areas where customers stop interacting with the application.
You can perform market research through observation in different ways. The primary ways of conducting market research through observation are covert observation and overt observation.
Covert observation is collecting market research data without the participants’ knowledge. This type of data collection can be achieved through analytics software on the web or using security cameras in stores where people can test your product.
Overt observation is when the participants are aware of the marketing research and provide feedback to questions. When you conduct market research about a product or service this way you will get more information about potential customers’ opinions, but it may be influenced by their awareness that you are conducting market research.
Effective market research can gain actionable insights from both methods. Overt observation is better when you know who your potential customers are and you want to establish whether they like your business idea, while covert observation is helpful for establishing who naturally gravitates to a product or service.
You’ll want to take notes any time someone performs a desired or undesired action. If the participant is aware of the market research analysts, you’ll also want to ask them what influenced the decision.
Cautionary Tale: During the early stages of FastCap, Paul would gain actionable insights from conventions, but he stopped conducting research at such events because he found them costly to collect data. He also found that competitors would try to steal his ideas.
To truly make the most out of this tool, you’ll need to combine it with other research methods like surveys to gain user input after the observation.
Customer utilization research is focused on how your current customers use your products or services. Marketing professionals will normally use customer surveys to perform this exploratory research. The following questions are questions that an online survey might include:
You can replace “product” with “services” in any of the questions above. In addition, it would make sense to include the name of the specific product or service they bought instead of the word product or service.
These questions will help you establish what real customers think of your products and services. This type of market research data provides insight into aspects including competitive advantage and creating buyer personas for potential clients based on the data collected.
FastCap has an interesting take on this type of market research. They actually offer tradesmen a 2-5% royalty for product suggestions that they decide to take to market.
A user persona is a character that represents your target market. A user persona will include aspects including:
You can create similar personas for B2B businesses using stats like:
If you are using analytic tools, they collect most of this information. You can add a form to check out or that opens when the user is leaving the site to ask questions about:
What if you find that your buyer persona is too broad to use to identify potential clients? We’ll discuss how to address that next
A small business might need to do market segmentation research if all their clients don’t fit neatly into a single user persona. For instance, FastCap would have at least three market segments that they might want to prepare marketing materials for:
As you can guess, each market segment would have characteristics that make them different, and you wouldn’t want to market to them all the same. You’d use market segmentation research to identify what those key characteristics are and create a user persona for each.
The term pricing research is refers to establishing a fair price. Pricing research should be done before you open a business or launch a new product because it can impact whether the business is worth starting.
To understand the benefits of pricing research I should discuss pricing strategies first. Businesses normally use either the value-added method or the cost of doing business.
The value-added method charges a price that is based on the value that is provided to a client. An example of this pricing is how Tesla prices solar roofs. They determine the price using the cost of a comparable roof plus the net present value of 30 years of energy in the target market.
The cost of doing business is calculated by adding up all your expenses (including taxes) and adding the amount of profit you want to make, then dividing by the number of units you want to sell.
Both of these pricing strategies have issues though. In the value-added method, how do you determine the value that is added? In the cost of doing business method, what is the maximum your target market can sustain? Both of these are answered by researching comparable products.
While there may not be something identical on the market, there is always something that serves a similar purpose. For instance, when portable MP3 players were created, the cost of the MP3 player plus downloading songs should have been compared to the cost of a portable CD player plus the cost of all the CDs.
Competitive analysis research is focused on developing a thorough understanding of the market and identifying how you want to differentiate yourself in a market of comparable competitors. This type of research will be included in a business plan. You’ll want to focus on aspects of the industry including:
The document you create from this research should be detail-oriented, contain lots of external links to prove sources, and show analytical skills that show an understanding of the industry. This research and the communication skills used to present it are often deciding factors when applying for loans.
Customer satisfaction and loyalty research are focused on building relationships that increase the lifetime value of your existing customers. With big data and rewards programs becoming more affordable, small business owners can now offer similar types of rewards to what people see at major chains.
You’ll want to use the market research process to establish the answer to questions like:
To answer these questions, you’ll need to establish:
For example, you might target people differently by offering daily customers a free upgrade every $50 spent, while weekly customers you might want to offer every 5th visit they get a free product. In both scenarios, this can reward customer loyalty and encourage more spending in the future by slightly shifting their habits.
Let’s look at how to understand brand awareness.
Brand awareness research is focused on establishing what your target audience knows about your business, how they perceive it and giving you input on improving brand awareness.
Facebook has a feature for brands running ads that is really useful for establishing brand awareness called Brand Survey Tests. It is currently an experimental stage, but here’s how it works:
This can be a great tool for understanding if people recognize your brand name.
Campaign research is focused on reviewing past business strategies to promote your products and services so that you can establish what worked, what didn’t, and why. In today’s marketing boom, people often forget the importance of including lessons learned when closing a project.
During this process, you’ll want to look at questions like:
Now that you know about some of the types of market research techniques, keep reading to learn why market research is so important.
Because market research is the act of investigating consumer preferences as well as economic, social, and statistical data, it helps to better understand the customer and guides business decisions in the areas of:
Now that you understand why market research matters so much to businesses, let’s take a look at how to conduct market research.
As you begin to get a handle on your goals and the questions you need to answer, it’s time to do the market research. At UpFlip, we are fans of Lean methodologies, so we figured we’d give you an introduction to lean market research.
Using these strategies will make it easier to do effective market research quicker and at a lower cost. No need for costly market research analysts.
If you’d like to learn more about how one of the United State’s most successful Lean practitioners approaches market research check out our interview with Paul below.
Keep reading to learn about analyzing the results
Market research analysts look for trends in data gathered from market research. The analysis involves both statistics and looking for patterns. To make it easier to analyze data, it is helpful to use software while gathering the data. If you don’t, you’ll have to input it into a spreadsheet manually.
The first step is to clean up data. This means fixing misspellings and other improper collection like zip codes where state names should be. Next, remove obvious deviations from the sample. (If someone says they buy your products 100 times per day, that’s probably not right.)
After that, you can do data analysis using functions like:
With some forms of data, you might find visualization easier, so we are providing some market research examples of visualization of data. Let’s look at some common visualization methods.
The flow model is simply a visual representation of how interactions occur. Check out the behavioral flow for website visitors in Google Analytics. This model can be useful for establishing where issues occur and how processes work.
An affinity diagram is used to group people, businesses, or other items together by a common feature. For instance, you might group by male and female, profession, or age. This can make it easier to tell whether one group tends to prefer your product or service more than another group does.
If you want to learn how to do this in Microsoft Excel, check out the video below.
Lucidcharts is another software you can use for affinity diagrams.
A customer journey map is a visual representation of the path people take from being unaware of your product to becoming a paying customer, and eventually a potential advocate. Customer journeys are typically broken into five steps in the process:
The stages can vary for different groups of people, but awareness is typically a matter of advertising. This can be in the form of an online ad, a coming soon sign when preparing to open up a location, or even current customers (or influencers) advocating for your brand.
Consideration begins when the customer starts researching your company. This phase might be:
The point of understanding a journey map is to be able to understand how many points of reference a person has before buying your product. Then you can use that to speed up the awareness and consideration phases while encouraging advocacy by your long-term customers.
Now that you understand “what is market research?” how to perform the market research, and how to analyze the research, there’s only one thing left…
The final and most important part of performing your own market research is converting the research into business practices to improve revenue. Depending on what you find in the research, this step may include:
Wherever the research leads you, UpFlip is here to help you run a better business. We use your feedback to create content that helps you build a better business. Which sections of this did you find beneficial and which would you like to learn more about?
Brandon Boushy
Did you know the average cost of child care in the United States is $10,600 per year?
That means there is a lot of earning potential for those who open a daycare business, but you’ll want to choose a good name for your daycare business to help you stand out.
[su_note note_color="#dbeafc"] We’ll help you find daycare names by discussing what makes a good daycare name, providing ideas for names of a daycare center, and helping you understand how to register a daycare business name. Click on any of the links below to learn more about daycare names that will bring kiddos and their family members to you.
Good daycare name ideas normally include some or all of the following:
Keep reading for lots of good daycare names, preschool names, and school names, too.
There are all kinds of unique daycare name ideas. Consider some of these names for daycares.
1. Little Sprouts Daycare
2. Bright Beginnings Academy
3. Happy Haven Childcare
4. Sunny Skies Nursery
5. Tiny Tots Paradise
6. Rainbow Rascals Daycare
7. Cuddle Clouds Childcare
8. Playful Pals Preschool
9. Wonder Wings Daycare
10. Growing Giggles Academy
11. Kids' Kingdom Care
12. Mini Miracles Nursery
13. Blossom Buddies Daycare
14. Little Learners Haven
15. Tiny Treasures Childcare
16. Sunny Steps Preschool
17. Little Explorers Academy
18. Happy Hearts Childcare
19. Bright Horizons Nursery
20. Playtime Pioneers Daycare
21. Dreamy Days Preschool
22. Wee Wonders Childcare
23. Laugh & Learn Academy
24. Joyful Journeys Daycare
25. Butterfly Buds Nursery
26. Peek-a-Boo Palace
27. Puddle Jumpers Childcare
28. Little Feet Academy
29. Sunshine Sprouts Daycare
30. Budding Minds Nursery
31. Kinder Haven Childcare
32. Tiny Tykes Preschool
33. Happy Haven Daycare
34. Magic Moments Nursery
35. Little Stars Academy
36. Sproutlings Childcare
37. Busy Beehive Daycare
38. Twinkle Toes Nursery
39. Playful Pathways Academy
40. Happy Harbor Childcare
41. Little Wonders Preschool
42. Discovery Den Daycare
43. Tiny Tigers Nursery
44. Jumping Jacks Academy
45. Rainbow Ridge Childcare
46. Little Lambs Daycare
47. Precious Pearls Nursery
48. Dreamland Discovery Academy
49. Sunshine Corner Childcare
50. Little Explorers Preschool
51. Butterfly Ballet Nursery
52. Playful Puddles Daycare
53. Teddy Bear Terrace
54. Happy Haven Nursery
55. Little Sparks Academy
56. Twirling Tots Childcare
57. Sunshine Sprouts Nursery
58. Rainbow Ranch Daycare
59. Kinderland Academy
60. Little Angels Childcare
61. Sunshine Station Child Care Center
62. Tiny Treasures Preschool
63. Playtime Pioneers Nursery
64. Little Explorers Daycare
65. Magic Moments Academy
66. Kiddie Care Dreamland
67. Happy Days Academy
68. Sunshine and Rainbows Academy
69. All My People Preschool
70. Smarty Pants Nursery
1. Playful Panda Child Care Center
2. Giggle Galaxy Nursery
3. Happy Hippo Haven
4. Rainbow Rocket Childcare
5. Bouncy Bears Playhouse
6. Whimsical Wizards Daycare
7. Jolly Jellybeans Nursery
8. Peek-a-Boo Pals Preschool
9. Dazzle Daisies Daycare
10. Fox Cubs Nursery
11. Rainbow Sprinkles Childcare
12. Marvelous Minnows Daycare
13. Puddle Jumpers Preschool
14. Funshine Forest Nursery
15. Cheerful Chipmunks Daycare
16. Turtle and Hare Nursery
17. Sprout City Childcare
18. Jumping Jackrabbits Daycare
19. Happy Hedgehogs Preschool
20. Giggly Giraffes Nursery
21. Whalesong Childcare
22. Cuddly Koalas Daycare
23. Merry Monkeys Preschool
24. Twirling Tigers Nursery
25. Wiggly Worms Childcare
26. Pixie Dust Playhouse
27. Rainbow Riders Daycare
28. Busy Bees Bungalow
29. Snugglebugs Sanctuary
30. Snazzy Snails Nursery
31. Wacky Whippersnappers Daycare
32. Minnow Pond Preschool
33. Bubblegum Butterflies Nursery
34. Hoot ’n’ Holler Hideout
35. Peppy Penguins Daycare
36. Dizzy Dinos Preschool
37. Tumble Tots Nursery
38. Giggles & Grins Childcare
39. Whoopee Whirlwinds Daycare
40. Zany Zebras Nursery
41. Puppy Pack Preschool
42. Doodlebug Childcare
43. Jitterbug Junction Nursery
44. Happy Hummingbirds Daycare
45. Bubbly Bunny Burrow
46. Raccoon Den Preschool
47. Sun & Sea Nursery
48. Lively Ladybugs Daycare
49. Pint-Sized Pixies Preschool
50. Playful Minds Preschool
1. Guardian Angels Babysitting Services
2. Little Stars Babysitting
3. Caring Crew Babysitters
4. Precious Moments Babysitting Agency
5. Sunshine Sitters
6. TenderCare Babysitting
7. Kiddie Keepers
8. Cozy Cubs Babysitting
9. Happy Hearts Babysitting
10. Bright Beginnings Babysitters
11. Joyful Journeys Babysitting Services
12. Dreamland Babysitting Agency
13. Gentle Guardians Babysitting
14. Sweet Dreams Sitters
15. Playful Pals Babysitting
16. Elite Nannies and Sitters
17. Tiny Treasures Babysitting Agency
18. Cuddle Bugs Babysitters
19. Little Lambs Babysitting Services
20. Busy Bees Babysitting
21. Snuggle Bunnies Babysitting
22. Tender Touch Babysitters
23. Little Angels Babysitting Agency
24. Happy Harbor Babysitting
25. Petunia Babysitting Services
26. KinderKare Babysitters
27. Giggles and Grins Babysitting
28. ABC Babysitting Agency
29. Precious Pearls Babysitting
30. Dreamy Days Babysitters
31. Tiny Tots Babysitting Services
32. Heartfelt Helpers Babysitting
33. Cheerful Light Babysitting
34. Sprouts Babysitters
35. Dreamy Daisies Babysitting Agency
36. Little Learners Babysitting Services
37. Tumble Tots Babysitting
38. Sweet Pea Sitters
39. Little Dreamcatchers Babysitting
40. Sunshine Sprouts Babysitting Agency
41. Sparkling Stars Babysitting Services
42. Little Laughs Babysitting
43. Snuggle Haven Babysitters
44. Cherished Cherubs Babysitting
45. Happy Hearts Babysitting Agency
46. Tiny Tracks Babysitting Services
47. Bright Minds Babysitting
48. Playtime Pals Babysitting
49. Wonder Wee Ones Babysitting
50. Cozy Corner Babysitting Agency
Now that we’ve covered babysitting name ideas, let’s look at some cute daycare name ideas.
Cute daycare names are a great way to stand out amongst highly competitive daycare providers. Consider some of these catchy daycare name ideas.
1. Dreamy Days
2. Enchanted Forest
3. Fairy Tale Land
4. Happy Hearts
5. Imagination Station
6. Joyful Journeys
7. Kingdom of Kids
8. Laughter & Love
9. Magical Moments
10. Mermaids & Unicorns
11. Music & Movement
12. Nature's Nook
13. Nurturing Nest
14. Once Upon a Time
15. Playful Pandas
16. Rainbows ’n’ Raindrops
17. Reading & Rhymes
18. Science & Discovery
19. Singing & Dancing
20. Smiling Faces
21. Starry Nights
22. Storybook Adventures
23. SunshineSmiles
24. Teddy Bear Tea Party
25. The Enchanted Garden
26. The Happy House
27. The Land of Learning
28. The Magic Castle
29. The Treehouse
30. Wonderland
Maybe you’ve already found the perfect daycare name, but there is more to marketing your daycare services than catchy daycare names. Let’s look at how daycare names and logos work together.
These daycare name and logo pro tips introduce important marketing tools that can help you attract new families and build a strong brand identity. Consider some of these tips for choosing a daycare name and logo:
A unique daycare name might add a bit of humor. Consider some of these daycare and preschool names if you want to incorporate some humor into your daycare name ideas.
1. Tots ’n’ Giggles Haven
2. Little Sprouts Comedy Club
3. Giggle Garden Daycare
4. Happy Hoots Childcare Center
5. Wiggles & Giggles Playhouse
6. Chuckle Chums Childcare
7. Jolly Jellybeans Daycare
8. The Laughing Littles Learning Center
9. Cheeky Monkeys Childcare
10. Snicker Sprouts Academy
11. Grins ’n’ Giggles Daycare
12. Pint-Sized Pranksters Preschool
13. Giggly Wiggly Wonderland
14. Chuckleberry Childcare
15. Snuggle ’n’ Snicker Daycare
16. Belly Laughs Babysitting
17. Whimsy Wonders Daycare
18. Snickerdoodle Kids Club
19. Chuckle Hut Childcare Center
20. Little Rascals Childcare Center
1. Young Wonders
2. Mini Castles Daycare Center
3. Little Sunflower Daycare Center
4. Tiny Tykes Daycare Center
5. Making Friends
6. Lily Pad Nursery
7. Care Nursery
8. Joyful Tots
9. Wonder Childcare
10. Nurture Daycare Centers
11. Bright Beginnings Center
12. Sunshine Early Education Center
13. Treasured Offspring Childcare
14. Kidz Life Kids Center
15. Little Learners
16. Oak Tree Child Care
17. Little Scholars
18. Tiny Toes
All the rules that apply to naming a daycare or preschool for children are relevant to naming your doggy daycare, too. Just be sure your name makes it clear who your services are for!
1. Paws & Play Doggy Daycare
2. Bark Avenue Retreat
3. Canine Clubhouse
4. Wagging Tails Daycare
5. Happy Hounds Haven
6. Tailwaggers Retreat
7. The Bark Park
8. Furry Friends Funhouse
9. Doggie Day Camp
10. Pawsitively Playful Center
11. The Woof Pack Retreat
12. Rover's Retreat
13. Playful Pups Palace
14. Tails of Joy Daycare
15. Paw Palace
16. The Barking Lot
17. Happy Hound Hangout
18. Furry Fun Zone
19. Canine Comfort Zone
20. Wagville Daycare
21. Doggy Delight Den
22. Paws and Recreation Center
23. Tail Trails Retreat
24. Happy Tails Doggy Daycare
25. Pawsome Play Place
26. Doggie Oasis
27. Bark & Play Haven
28. The Wagging Tail Inn
29. Furry Funtime Center
30. The Howliday Inn
31. Pawsitive Playground
32. Woofington Retreat
33. Playful Paws Paradise
34. The Tail-Waggers Club
35. Barkside Retreat
36. Fido's Funhouse
37. The Paws Spot
38. Canine Cozy Corner
39. The Wagging Zone
40. Paws and Play Retreat
41. Doggy Daycation Center
42. Waggy Wonderland
43. Pooch Play Pen
44. The Bark Barn
45. Dogtopia Daycare
46. Pawsitively Perfect Playground
47. The Puppy Playhouse
48. Rover's Recess
49. Wagging Whiskers Retreat
50. Furry Fiesta Daycare
Pro Tip: Want to provide pet care? Read our guide to starting a $60K/month dog boarding business for additional inspiration.
Now that we’ve shared a few names for pup care providers, back to names that are best suited for a child care center!
1. Little Fireflies Cottage
2. Happy Harbor Hideaway
3. SnuggleNest Nursery
4. Cozy Cubbies Homestead
5. Sunbeam Sanctuary
6. Dreamy Daisies Cottage
7. Tender Tots Homestead
8. Little Laughs Lodge
9. WeeWonderland Homecare
10. Snuggle Haven Hideout
11. Sunshine Spot Nursery
12. Little Sproutlings Cottage
13. Dreamland Den Daycare
14. Caring Corner Homestead
15. Tender Touch Hideaway
16. Sweet Dreams Sanctuary
17. Cozy Cubs Cottage
18. Happy Hearts Homestead
19. Lollypop Lane Nursery
20. The Happy Hippo
When it comes to preschool names, ideas abound. These are some of our favorites:
1. Little Fireflies Academy
2. Happy Hearts Haven Preschool
3. SnuggleNest Nursery School
4. Cozy Cubbies Preschool
5. Dreamy Daisies Academy
6. Tender Tots Learning Center
7. Little Laughs Nursery School
8. Snuggle Haven Preschool
9. Sunshine Spot Academy
10. Little Sproutlings Learning Center
11. Dreamland Den Preschool
12. Caring Corner Nursery School
13. TLC Early Learning Center
14. Sweet Dreams Sanctuary Preschool
15. Tiny Treasures Academy
16. Cozy Cubs Preschool
17. Happy Hearts Academy
18. Little Dreamcatchers Learning Center
19. Giggly Grasshoppers Nursery School
20. Sunbeams Academy
21. Playtime Palace Preschool
22. Tiny Twinkles Learning Center
23. Little Sprouts Academy
24. Dreamy Daisies Preschool
25. Caring Corner Academy
26. Smart Cookies Academy
27. Rainbow Kids Preschool
28. Play Time Learners
29. Busy Bee Preschool
30. Happy Feet Learning Center
31. Jump Start Academy
32. Growing Minds Nursery School
33. Clever Kids Preschool
34. Little Cubs Academy
35. Playful Parrot Preschool
36. Kiddie Wizards Academy
1. Bright Beginnings Daycare
2. Happy Hearts Nursery
3. Little Explorers Childcare
4. Sunny Side Preschool
5. Caring Cubs Childcare Center
6. Playful Pathways Nursery
7. Tiny Treasures Daycare
8. Dreamland Kids Academy
9. Growing Garden Daycare
10. Starlight Sprouts Childcare
11. Busy Beehive Nursery
12. KidZone Learning Center
13. Wee Wisdom Daycare
14. Little Lambs Childcare
15. Marvelous Minis Preschool
16. Puddle Jumpers Daycare
17. Lullaby Lane Nursery
18. KinderKorner Childcare
19. Teddy Bear Terrace Nursery
20. Blossom Buddies Preschool
21. Tiny Tykes Learning Center
22. Bright Horizons Daycare
23. Rainbow Ridge Nursery
24. Angel Wings Childcare
25. Funshine Forest Daycare
26. Doodlebug Delight Nursery
27. Little Steps Learning Center
28. Kiddie Cove Childcare
29. Snugglebugs Nursery
30. Sunshine Sprouts Childcare
31. Little Angels Academy
32. Twinkle Tots Daycare
33. Peppy Penguins Nursery
34. Adventure Avenue Childcare
35. Bright Beginnings Preschool
36. Kinderland Kids Center
37. Tiny Turtles Nursery
38. Jumping Jacks Childcare
39. Little Dreamers Daycare
40. Playful Puddles Preschool
41. KidSpace Early Learning Center
42. Wonder Wings Childcare
43. Tiny Treasures Nursery
44. Little Stars Preschool
45. Joyful Juniors Childcare
46. Sproutlings Daycare
47. Dreamy Days Childcare
48. Sunshine Corner Nursery
49. Lullaby Lane Daycare
50. KinderKastle Preschool
51. Whimsy World Childcare
52. Little Sprouts Nursery
53. Marvelous Minis Daycare
54. Happy Harbor Preschool
55. Little Learners Daycare
56. Mini Maestro Daycare
57. Crayon Corner Preschool
58. Curious Caterpillar Nursery
59. Giggling Giraffe Nursery
60. Sunny's Childcare
61. Koala Kisses Nursery
62. Bubble Pop Daycare
63. Rainbow Nursery
64. Acorn Magic Childcare
1. Little Sproutlings Daycare
2. Bright Beginnings Childcare
3. Caring Cubs Daycare
4. Sunny Days Preschool
5. Marvelous Minis Childcare
6. KinderKorner Daycare Center
7. Rainbow Rascals Nursery
8. Angel Wings Childcare Center
9. Tiny Tots Learning Center
10. Starlight Sprouts Nursery
11. Rainbow Ridge Daycare
12. Growing Garden Childcare
13. Joyful Journeys Nursery
14. Kiddie Cove Daycare Center
15. Wee Wisdom Nursery
16. Teddy Bear Terrace Childcare
17. Little Steps Preschool
18. Happy Hearts Daycare Center
19. Twinkle Tots Nursery
20. Discovery Den Childcare
21. Tiny Turtles Daycare
22. Jumping Jacks Nursery
23. Sproutlings Nursery
24. Sunshine Corner Daycare
25. Marvelous Minis Daycare Center
26. Bright Sparks Daycare
27. Happy Owls Nursery
28. My First Steps Nursery
29. Smiles That Glow Academy
30. Baby Hands Childcare
31. Chubby Blossoms Daycare
32. Little Treasures Childcare
33. Childcare Society
34. Bright Minds Kindergarten
35. Soft Touch Learning Center
36. Trek & Trail Early Learning Center
37. Angel Minds Preschool
38. Rainbow Mini Nursery
39. Little Wizards Daycare
40. Pixie Smiles Nursery
41. Little Miracles Childcare
42. Playful Hippo Daycare
43. Cabbage Patch Nursery
44. Kiddie Pioneer Daycare
45. Little Prodigies Nursery Care
46. Joyland Daycare
47. Baby Bees Childcare Center
48. Nurture Haven Daycare
49. We Care Daycare
50. Wonder Care Nursery
1. KinderCare Haven
2. Rainbow Rabbit Den
3. Little Sunbeams Daycare
4. Playful Panda Nursery
5. Dreamland Discoveries
6. Happy Hedgehogs Childcare
7. Tiny Steps Academy
8. Wonderland Kids Care
9. Little Owls Nursery
10. Radiant Rainbows Daycare
11. Bumblebee Buzz Academy
12. Sproutville Childcare
13. Starlight Sparkles Nursery
14. Giggles & Grins Daycare
15. Whimsical Wonders Center
16. Little Dragonflies Den
17. Busy Butterflies Care
18. Mini Marvels Academy
19. Giggle Grove Childcare
20. Sunshine Safari Daycare
21. Tiny Trekkers Nursery
22. Blossom Buds Center
23. Harmony Haven Daycare
24. Little Fireflies Nursery
25. Hopscotch Heights Academy
26. Cheerful Chicks Childcare
27. Tiny Totlandia
28. Sparkling Stars Nursery
29. Rainbow Road Childcare
30. Wonder Wings Preschool
31. Happy Hearts Haven
32. Pint-Sized Paradise
33. Little Lullabies Nursery
34. Tumble Tots Academy
35. Dreamy Daisies Daycare
36. Little Lambkins Nursery
37. Joyland Junction
38. Sprightly Sprouts Center
39. Little Dreamcatchers
40. Giggly Grasshoppers Nursery
41. Sunflower Sunbeam Care Center
42. Playtime Palace Daycare
43. Tiny Twinkles Nursery
44. The Curious Cottage
1. Cozy Cubs Childcare
2. Little Haven Homecare
3. Sunshine Sprouts Cottage
4. Tiny Treasures Homestead
5. Happy Hearts Hideaway
6. Loving Arms Nursery
7. Dreamland Daisies Daycare
8. Playful Pals Homestead
9. Sunny Steps Childcare
10. Snuggle Nest Cottage
11. WeeWonder Homecare
12. Caring Corner Nursery
13. Harmony House Daycare
14. Little Learners Lodge
15. Joyful Journeys Homecare
16. Peek-a-Boo Place
17. Peace of Mind Daycare
18. KinderHome Haven
19. Sweet Dreams Homestead
20. Tiny Tots Treasures
21. SnugBugs Sanctuary
22. Sunshine Sprouts Homecare
23. Little Lambs Lodge
24. Angel Wings Homestead
25. Happy Harbor Hideout
26. Little Explorers Cottage
27. Playtime Paradise Homecare
28. Kiddie Cove Cottage
29. Joyful Juniors Homestead
30. Center Oak Tree House
31. Dreamy Days Daycare
32. Little Hearts Hideaway
33. KinderGrove Cottage
34. Rainbow Rascals Homestead
35. Tiny Trails Daycare
36. Little Sprouts Sanctuary
37. Dreamland Discovery Homecare
38. Puddle Jumpers Place
39. Tiny Trekkers Homestead
40. Sunny Side Child Care
Pro Tip: In the early stages of starting your childcare business? Read our article on how to start a daycare in nine simple steps.
1. Académie Royale
2. École de l'Élégance
3. Renaissance Institute
4. Lyceum for Kids
5. Prestige Academy
6. École d'Excellence
7. Magna Mater Academy
8. Arcadia Collegiate
9. Ivy League Manor
10. Grandeur Grammar School
11. Belle Éducation Academy
12. École de Noblesse
13. Opulent Oaks Institute
14. Elite Enclave School
15. École de la Cour
16. Lumière Lyceum
17. Regal Rosewood School
18. Enchanté Academy
19. Academy of Aristocracy
20. Elysian Elite School
21. Exquisite Éducation Institution
22. École Royale
23. École Magnifique
24. The Sterling Hills School
25. Grandeur Gables Academy
26. Éclat Excellence Institute
27. École d'Élite
28. En Vogue Academy
29. Luminary Lyceum
30. Regency Ridge School
31. Renaissance Education Manor
32. Elegance Enclave Academy
33. École Majestique
34. Noble Novateur Institute
35. Elite Education Enclave
36. École d'Équilibre
37. École de Prestige
38. Learning Tree Grammar School
39. École Luxe
40. Éclat Enrichment Academy
41. Enchanted Education Day School
42. Royal Regency School
43. Enchanté Elite Academy
44. École de la Renaissance
45. Magnifique Manor Institute
46. Noble Novelle Academy
47. Élite Education Etablissement
48. École de la Grandeur
49. Majestic Manor School
50. Prestige Pavilion Academy
51. Elysian Education Enclave
52. Éclat Elite Institute
53. Regal Ridge School
54. Renaissance Royale Academy
55. École de Luxure
56. Sovereign Summit School
57. Aristocrat Academy
58. Regency Royale School
59. Elysian Manor Institute
60. École Éclatante
61. Magnifique Education Manor
62. Zephyr Ridge Academy
63. Emberlight Institute
64. The Summit View Day School
1. Sunshine Sprouts Academy
2. Little Explorers Learning Center
3. Happy Hearts Preschool
4. Tiny Treasures Nursery School
5. Rainbow Rascals Academy
6. Dreamland Daycare & Preschool
7. Sunny Steps Childcare Center
8. Joyful Journeys Preschool
9. Little Learners Preschool
10. Wonder Wings Academy
11. Funshine Forest Preschool
12. KinderKorner Preschool
13. Rainbow Ridge Preschool
14. Little Lambs Early Learning Center
15. Marvelous Minis Academy
16. SnugBugs Sanctuary Preschool
17. Dreamland Discovery Preschool
18. Playtime Paradise Preschool
19. Kiddie Cove Learning Center
20. Sunbeam Sanctuary Preschool
21. Little Laughs Preschool
22. Caring Corner Preschool
23. Giggly Grasshoppers Preschool
24. Wonder Kids Academy
25. Little Einsteins Learning Center
26. Little Sprouts Preschool
27. The Sunshine Academy
28. Whiz Kids Learning Center
29. Cherry Blossom Academy
30. Mini Explorers Nursery
31. Scribbles Preschool
32. Treetop Learners Academy
33. Sweet Pea Nursery School
34. Happy Munchkin Academy
35. Pepper Tots Academy
36. Whispering Lillies Nursery
37. Sunshine Daises Academy
38. Harbor Penguins Nursery
39. Tiny Bubbles Preschool
40. Fuzzy Friends Preschool
41. Dancing Shells Academy
42. Little Labcoats Academy
43. Think Big Academy
44. Dreamscapes Academy
45. Mini Scientists Preschool
46. Tiny Coders Academy
47. Little Wizards Academy
48. Baby Genius Academy
49. Future Whiz Preschool
50. Little Astronomers Academy
51. Future Innovators Learning Academy
52. Baby Tykes Nursery
53. Jumping Dolphins Preschool
54. Happy Koala Academy
55. Discovery Academy
56. Gentle Touch Learning Center
57. Little Hearts Academy
58. Jolly Hearts Preschool
59. Seed and Sprout Academy
60. The Hygge Preschool
61. Little Gems Academy
62. Little Oaks Learning Center
1. Bright Beginnings Nursery School
2. Sunshine Sprouts Nursery School
3. Tiny Treasures Learning Center
4. Rainbow Rascals Nursery School
5. Dreamland Daycare & Nursery School
6. Joyful Journeys Nursery School
7. Peek-a-Boo Place Preschool
8. Little Learners Nursery School
9. KinderKorner Nursery School
10. Dreamland Discovery Nursery School
11. Sunbeam Sanctuary Nursery School
12. The Playful Peacock School
13. The Wonder Workshop Day School
14. Rhyming Robins Nursery
15. Story Weaver's Preschool
16. Creative Critter Learning Center
17. Paintbrush Scholars Nursery
18. Little Rhymes Nursery
19. Mini Pirates Preschool
20. Happy Hippo Academy
21. Book Nook Nursery
22. Little Lions Preschool
23. The Playful Grove Nursery
24. Dandelion Babies Nursery
25. Cubbyhouse Learning Center
26. Galaxy Lighthouse Academy
27. Creative Panda Learning Center
28. Blooming Cubs Preschool
29. Crafty Caterpillar Nursery
30. Little Scholars Academy
Registering your daycare business name typically involves several steps, and the exact process can vary depending on your location. Here's a general guide:
Make sure to consult with a legal or business advisor familiar with the regulations that apply to a child care center to ensure that you complete all necessary steps for registering your daycare business name correctly.
We’ve provided you with things to consider when choosing daycare and preschool names, provided lots of inspiration for creative daycare names, and explained how to register your business after you find the perfect daycare name.
Which do you think are the best daycare names?
Are you struggling to monetize your digital assets? We’ll show you how to start affiliate marketing.
We talked with SEO guru Matt Diggity, who started Lead Spring in 2009 and has turned his affiliate marketing business into a $5 million-per-year revenue-generating machine. He told us:
[su_quote]I fell in love with it because it appeals to the gamer in me.[/su_quote]
We’ll share the best affiliate marketing strategies for search engine optimization and affiliate marketing to improve your own website revenue by discussing:
[su_note note_color="#dbeafc"]
According to Matt, affiliate marketing is:
[su_quote]Getting people to buy products and earning a commission. You recommend a product using an affiliate link, the company tracks actions with a cookie, and when they buy something, you earn a commission.[/su_quote]
Matt explains that he uses search engine optimization to generate traffic and earn money from affiliate links.
Search engine optimization is focused on creating content that is valuable to users by focusing your writing on information that people regularly search for. Matt explained that SEO focuses on two main aspects:
Yes, affiliate marketing works. While Matt is a rarity in the industry, plenty of affiliate marketers earn the equivalent of a full-time employee, and many more bring in enough with affiliate links for affiliate marketing to be a profitable side hustle.
Matt explains that you’ll need to perform the following tasks to start affiliate marketing:
He’s oversimplified affiliate marketing a little, though. If you’re an absolute beginner in the affiliate marketing world, you’ll want to:
Select an affiliate niche that interests you and has a demand for products or services. Your passion and knowledge about your niche simplifies content creation and creates a better connection with your target audience.
Check out our content on business ideas to find an industry you’d like to choose as your affiliate niche. An online business will normally work best. People who sell courses online almost always have affiliate programs as do many online stores.
Affiliate marketers have opportunities in every industry. Affiliate sales tend to be the best in the following industries, though:
Once you’ve chosen a niche, it’s time to find different affiliate programs.
Once you’ve identified your affiliate niche, look for affiliate marketing products you want to market.
Some popular affiliate networks and platforms include:
Keep reading to learn more about each of these affiliate product platforms.
Just go to Amazon Associate Central and apply. Amazon Associates offers 1% to 20% commission on purchases.
Join CJ to get access to top affiliate programs like Google Workspace, GoDaddy, NameCheap, Quickbooks, and Simply Business.
We use impact.com to refer people to companies like Divvy, SEMrush, Canva, and Credit Karma.
FlexOffers has over 10,000 affiliate product offers to apply for, including Nike, Hulu, Samsung, and Microsoft.
Audible Affiliates earn $15 per user by referring new members to the audiobook site.
ShareASale offers its own affiliate link you can use to refer both merchants and other people who want to get into the affiliate marketing industry. They also offer other programs like WP Engine, Gusto accounting software, and other high-ticket affiliate programs.
PartnerStack is an affiliate marketing network with companies like AirDNA and SurferSEO. Apply on the ParnerStack affiliate site.
Rakuten Advertising has partners like Hilton, JanSport (backpacks), and One-Travel. Go to their website to apply to share affiliate links from Rakuten.
You can join eBay’s affiliate program by going to eBay’s Partner Network website. We link to their Getting Started tutorial so you can learn more about it before signing up for the affiliate marketing program that makes between 1% and 6% on most sales.
Shopify affiliates gain access to a content gallery created to help affiliates succeed in affiliate marketing. You get $25 to $500 per item sold based on the location and paid package the user signs up for. There’s a catch, though. It’s invite only. Learn more.
WordPress (WP) Engine offers a generous affiliate program based on the higher of $200 per purchase or the first month’s costs. They also offer a 35% commission on StudioPress, a growing collection of responsive, SEO-optimized WordPress templates. Apply to become a WP Engine affiliate.
Use the affiliate program to refer new buyers to freelancer platform Fiverr and receive $15 to $150 depending on what jobs they commission. Plus, the hybrid model offers 10% revenue share. This is a great affiliate program for B2B affiliates because almost every company could use some extra help occasionally.
ConvertKit is an email marketing tool that offers a 30% commission for the first 24 months. That means you can make between $2.90 and $18,720 per referral over the course of two years. Become a ConvertKit affiliate.
To become a Twitch affiliate, you’ll need to:
As long as you meet these requirements, you’ll be sent an email invite to join the Twitch affiliate program, which provides you with a penny for each reaction during streams, plus a percentage of ad revenue. Learn more about the Twitch affiliate program.
After you’ve found the best affiliate marketing programs for your affiliate niche, sign up for the affiliate programs you’ve chosen. Most affiliate programs are free to join, but some may have specific requirements or restrictions.
You’ll need to:
An affiliate marketing program is a structured arrangement established by a company or merchant to collaborate with individuals or entities (affiliates) who promote their products for a commission or referral fee. These programs are a popular form of online marketing where businesses leverage the efforts of affiliates to drive traffic, leads, and sales to their websites or offers.
Affiliate marketing programs benefit both merchants and affiliates. Merchants can expand their reach and boost sales without upfront advertising costs, while affiliates can earn commissions by promoting products or services they believe in or have expertise in.
It’s important for both merchants and affiliates to maintain transparency and ethical practices in affiliate marketing to build trust with customers and comply with regulations in their respective industries.
You’ll need a platform to promote affiliate products when you become an affiliate marketer. Consider running a blog, website, YouTube channel, social media profiles, or an email list. Anything that uses digital marketing will work as long as you have an audience.
There are a lot of people who create online courses then use affiliate marketing to sell other marketing automation tools that work well for eCommerce businesses. Choose the best platform to communicate with your target customers.
Visually interesting subjects will normally use video and image platforms like Instagram, YouTube, or TikTok. Meanwhile, writers might benefit more from blogs and Twitter.
Start creating valuable and engaging content related to your niche. This content can include articles, blog posts, product reviews, videos, podcasts, or social media posts. Your content should provide useful information, solve problems, or entertain your audience.
To create amazing content, you’ll need to:
Most affiliate marketing partners will go through three stages in their affiliate marketing journey:
Here’s what these affiliate marketing designations mean:
When you first get started you may not have any useful information to provide people and you’ll copy what others are doing. This is called unattached affiliate marketing, “zero-click,” or “linkless” affiliate marketing. These rely heavily on social media ads to build audiences.
Launch successful businesses and you will eventually develop the experience and authority to give others online marketing tips, at which point you’ll be more focused on the second type of affiliate marketing.
A related affiliate marketer focuses on products in their niche but hasn’t actually used them. It makes it hard to give a sincere review if you’ve never tested a product or service. Many customers see through this type of marketing as insincere and just trying to make a buck.
At least you’ve realized that you have to stay within your niche to participate in the best affiliate marketing programs available to affiliate marketers.
The third stage affiliate marketers will enter involves showing they have expertise in the niche and with the product. At this point, you should be eligible for the best affiliate programs. You may even be assigned a dedicated affiliate manager, which may also be called a dedicated account manager.
An affiliate marketer using involved affiliate marketing has experience with their suggestions. That means they are telling their audience that the product has improved their lives in some way. When you endorse something that doesn’t work, it can harm your reputation.
Affiliate marketers will normally find it difficult to jump to the final stage. Even if you are highly proficient at narrowing down your niche and you test the products, you won’t immediately be considered an expert. That means you’ll need some ads to expand your digital marketing chops.
As your online business grows and you become more of an authority, the need for paid ads may decrease and your testimonial will mean more because your audience knows you have the experience to judge the products.
Within your content, strategically insert affiliate links to the products or services you’re promoting. These links will include unique tracking codes that identify sales or leads generated through your referrals.
There are a few different ways to insert affiliate links. We’ll discuss:
Affiliate links are links with a unique URL that tracks when a user comes to a page through another company’s web assets. An affiliate link records specific data to track sales, including:
When a visitor goes to the web page through the affiliate link and buys something, the advertiser pays the affiliate a commission.
Affiliate programs function by enabling individuals, known as affiliates, to promote and sell a company’s products or services. In return, these affiliates receive a commission for each successful sale generated through the unique affiliate link associated with their endorsement.
Here’s an overview of how this process operates:
The commission rates for affiliate sales can vary widely based on the particular company and offer. Typically, commissions range from around 5% to 50%, particularly when promoting educational courses or events. Some affiliate marketing programs offer a fixed monetary amount per sale instead of a percentage-based commission.
Go to the affiliate network that your affiliate program is on and go to the related affiliate marketing campaign. You should be able to see all your affiliate marketing campaigns in the affiliate dashboard like the one from CJ below.
Click on the one you want to add to your content. It will take you to a page that looks like this:
Then you’ll want to go to the links and sort them by the earnings per click (EPC). You can either choose a 7-day or 30-day EPC. You may also see EPC (100), which is earnings per 100 clicks. The higher the number the better as long as it is relevant to the content you create.
You’ll want to click Get code on the campaign you want to use. This will give you options like encrypted links, open in new window/tab, and whether to get HTML, JavaScript, or just the URL. Once you choose your settings, update the link and copy the code.
To create an affiliate ID, you will need three main parts:
UTM | Use | Example |
utm_source | Specify the site the link came from |
utm_source=Instagram |
utm_medium |
Categorize between social, email, organic, or paid traffic | utm_medium=paid |
utm_medium |
Tie the link to a specific promotion | utm_campaign=Course_beta_testing |
utm_medium |
Make it easy to track the keyword | utm_term=best_business_courses |
utm_medium |
Used for A/B testing | utm_content=link_1 and utm_content=link_2 |
That means you might have a link that looks like the one below:
Pro Tip: Want to take a deeper dive? You can learn more about building links from Google.
Amazon used to have numerous ways you could get affiliate links for a page including Native Shopping Ads, banners, and mobile popovers, but they recently discontinued support of everything except the “link to any page” setup.
With link to any page, you can link to:
You can also use the Idea Hub to get ideas that you could have success with. The mobile app also allows affiliates to share an affiliate link directly from the app with Mobile GetLink.
When we set up affiliate links, we use the following process:
Watch the video below for an example of how to do this in WordPress with Pretty Links.
[su_youtube url="https://youtu.be/3RAe15-1nBA"]It’s essential to be transparent with your audience about your affiliate marketing activities. To maintain trust and comply with FTC regulations, you must clearly disclose your affiliate relationship in your content using disclaimers or disclosures.
The way we approach this step is by posting a disclaimer at the top and bottom of each page that says:
"UpFlip earns commissions when you buy products using links on our website. You can learn more about our standards here."
Then in sections with affiliate marketing links, we add:
"This section includes affiliate links."
If you’re using WordPress, you can also make each link a sponsored link by clicking a setting on the link.
Again, these steps are needed to comply with the FTC regulations.
You have to drive traffic to your content to earn commissions. Utilize various marketing strategies like SEO, social media marketing, email marketing, paid advertising, and content promotion to attract visitors to your platform.
Use analytics tools and affiliate dashboards to monitor your performance and track clicks, conversions, and earnings. This data will help you refine your strategy and focus on what works best.
Continually analyze and optimize your affiliate marketing strategy. Test different promotional techniques, track your results, and make adjustments to improve conversion rates and maximize your earnings.
Once you’ve established a successful affiliate marketing strategy in one niche, consider expanding to other niches or products to diversify your income streams.
Be aware of legal and ethical guidelines related to affiliate marketing in your region. You’ll need to comply with the FTC guidelines in the United States and ensure your marketing practices are ethical and transparent.
Nearly 59% of affiliate marketers have not monetized within their first year. You can expect the following breakdown for affiliate marketing earners:
This section includes affiliate links.
The best affiliate program will depend on what kind of content you are creating. Sites like Amazon are easy to work with for first-time affiliate marketers but don’t pay that well.
Meanwhile, insurance companies and online courses tend to have amazing affiliate incentives and are some of the best affiliate programs to earn money with.
Remember, affiliate marketing won’t create a sustainable income overnight. Success typically comes from consistent, high-quality content creation, effective promotion, and a deep understanding of your audience and niche. Be patient and persistent, and over time, you can potentially earn a steady income through affiliate marketing.
My personal favorite recommendations for affiliate programs are:
Most people would say that Amazon is the place, but Mat Diggity disagrees. He told us:
[su_quote]I strongly disagree. Everyone is using Amazon affiliate marketing and the margins are crap.[/su_quote]
Matt recommends ShareASale or Impact.
We’ve provided the information for you to monetize your content. What kind of content do you create and how will you start earning affiliate revenue?
Clients pay hefty sums for a good residential painting company. Want to know how to start a painting company and make $10,420 per hour?
We’ll show you how Carmelo Marsala started Spray-Net and makes over $21 million per year. He discusses his painting services, pricing, and how to get painting jobs. Along the way, he shares a bit of his business philosophy.
[su_quote]You can’t fail if you don’t quit.[/su_quote]
Read on to learn how to get started in painting from a business owner who has trained more than 117 franchisees to use his patented painting process for roofs, vinyl, and other unique materials.
[su_note note_color="#dbeafc"] Click on any of the links below to jump to that section, or just continue reading.
Straight out of college, Carmelo became a franchisee for the painting company College Pro. He realized exterior vinyl painting was something that was missing in the industry. He started digging into why and found that the standard paint production process just doesn’t work for vinyl application.
Carmelo started asking why additives weren’t added on site to adjust to weather conditions, and he kept hearing the same thing:
[su_quote]That’s just how it’s always been done.[/su_quote]
He decided to reimagine the process and formulate his own paint. Spray-Net was born, and today he makes around $21 million per year selling painting franchises and training the franchisees. There are now more than 130 Spray-Net locations in the U.S. and Canada.
Check out our interview with Carmelo below.
If you like how Spray-Net approaches the painting industry, consider our exclusive offer.
We’ve partnered with Carmelo to offer you an exclusive opportunity to get a Spray-Net franchise and save.
Though car painting and artistic painting can be viable business options, in this guide, we’ll be covering house painting businesses.
Starting a house painting business requires startup costs between $50 and $35,000, depending on the type of painting business and whether you have the tools and equipment to start painting.
Painting companies that need a shop could cost much more than $35K because you’ll need to put a deposit on the space, remodel, and furnish the space. That's why many people consider starting a painting business from home. Costs will vary based on the region.
The basic painting supplies, like brushes, drop cloths, extension poles, paint trays, and rollers, aren’t that expensive. The main costs will be a vehicle, business formation, and insurance when you first start. You’ll save a lot of money if you already have a vehicle.
Yes, painting business owners can make great money, but it depends.
According to business research firm IBIS World, the average painting company makes about $140K per year with a 6.9% profit margin, which isn’t very good. Successful professional painters can make much more though. Carmelo told us about Spray-Net’s earnings.
[su_quote]The company makes $10,420 per hour. First-year franchises make around $500K [in] revenue per year, while older franchises average $1.2M. Gross margin is 59.44%.[/su_quote]
That means first-year painting business owners can take home over $100K in net profit. The older franchises are making about 2.5 times that. We came to these numbers by multiplying the revenue by the gross margin and then subtracting 40% (20% for taxes and 20% for additional business costs).
Make sure to ask a licensed attorney about the requirements in your location, but most states require contractors to be licensed and insured. Make sure to register as a contractor if it is required in your location.
At a minimum, you should carry $1M per occurrence or $2M in lifetime general liability insurance to protect against damage done to clients’ property. In addition, you’ll probably need workers' compensation and commercial automotive insurance.
You’ll want commercial painting equipment when you start a painting company. Some of the equipment you’ll need includes:
Spray-Net has additional painting equipment requirements, including sprayers and mixers, which are necessary to mix and spray the paint on location.
Their painting process is patent protected, so if you want to use their painting equipment you’ll need to buy a Spray-Net franchise.
Starting a painting business requires you to:
Get ready to learn how to start a painting business.
You’ll need to learn how to paint professionally to avoid making mistakes that cost you time and money. Potential customers expect you to protect their property and don’t want to request touchups after you declare the job done.
Make sure to develop painting skills, like:
And don’t forget to always paint a room from top to bottom.
This article is a good start for understanding the market and financial viability of a painting company. You’ll want to do more research to understand whether a painting business will be successful in your area.
Research the number of local painting businesses and their reputations, pricing, and services. You’ll also want to know how many area homeowners there are, or the number of potential commercial clients.
Understanding how others market their painting companies will help you manage your painting business so you can differentiate your marketing strategy from the rest of the pack.
Painting business plans help you, lenders, and your employees understand the company’s values, unique value propositions, and intended operations.
You can make a simple one-page business plan just to help you keep your business on track, or you can create a more extensive business plan for when you apply for business loans.
Carmelo told us:
[su_quote]I was young and gung-ho and didn’t have a plan. But now, I warn people [that] failing to plan is planning to fail.[/su_quote]
Learn more in our business plan writing guide.
You’ll need a professional name for your painting business. Your business name will be how people recognize the business. It should be fun, easy to spell, and identifiable as a painting company.
You should look up your painting company name ideas on the United States Patent and Trademark Office website and other search engines to make sure the business name is available. Then you’ll want to choose your business structure and register your business.
Painting contractors will need to register their painting business with their Secretary of State and potentially their local government. You have a few business structure options when starting a painting business, but the most common types are a limited liability company or sole proprietorship.
A limited liability company makes your painting business a unique entity (as long you keep your personal and professional finances separate). This prevents you from being personally liable if something occurs within the business. There are also tax benefits to a business being a separate entity.
Meanwhile, a sole proprietorship is a business structure where you and the house painting business are one entity, which means if an accident happens, your personal assets can be taken to reimburse the client or employee.
Learn more in our guide to business structures.
Many locations require you to become a licensed painter when starting a painting business.
A painter's license is just a business license that requires you to prove you have the insurance your area requires you to have. The best insurance to cover everything is often a business owner’s policy, but we’ll discuss insurance more below.
There may be other requirements, including testing or job experience, depending on the location.
You’ll need a business bank account to keep your personal and business expenses separate. You can choose to get a business bank account from:
A successful painting business needs insurance to protect the business owner, their employees, and their commercial and residential painting clients. You might be wondering, what insurance does a self-employed painter need?
The small business insurance you need when starting a painting business is:
Many of these can be combined into one plan with a business owner’s policy. You can learn more in our business insurance guide.
When you’re ready, we suggest going to Simply Business to get quotes from the largest insurance companies in the world.
At this point, you have a business entity, business license, and insurance. You can operate your own business, but what services are you going to offer, and how will you price painting jobs to establish positive cash flow?
To give you an idea, we’ll cover Spray-Net’s services and pricing.
Spray-Net offers three main services:
They price each job either by the square foot or the number of cabinets. They also provide an online estimator so potential customers can get an idea of how much the job will cost.
Their average ticket for a painting job is $5,815, which puts it between the cost of replacing and standard repainting. They offer warranties nearly three times longer than most residential painting companies.
Before you start a new painting business, you should probably look at their professional painting work. You might want to consider their franchise business model to make more money painting houses.
As we stated earlier, when you start a painting company, you’ll need:
You can get these at Home Depot, Lowe’s, or any paint supply store.
You’ll need a good accountant and bookkeeper to keep your financials in order and help you comply with taxes. Ask other business owners in your area who they prefer.
You'll need software to run your own painting company. Here’s some of the essential software:
Successful businesses require marketing to grow. Most small businesses in the service industry will use a combination of digital marketing and print marketing.
Carmelo explained:
[su_quote]We started by knocking on doors. Then when we painted town hall [and got news coverage for it], which created more jobs.[/su_quote]
Then he expanded to digital marketing and traditional marketing.
[su_quote]We spend $3-4M across the system, but you should spend about 10% of your revenue on marketing. Facebook and Google are best. Then you’ll want to add [NextDoor].[/su_quote]
Many people want to focus on branding, but Carmelo has other advice about how to start your own painting business.
[su_quote]Facebook and Google gets you in the door—then tell people about your brand [while you are providing a quote].[/su_quote]
Once you hit the point of diminishing returns on ads, it’s time to start making YouTube videos. Another marketing technique that helps drive customers to your own painting business is appearing on business shows.
[su_quote]DragonDen (similar to SharkTank) reached out. I originally said no, but after a few times, decided to do it. The business was so crazy Microsoft thought our server was broken.[/su_quote]
Next, you’ll want to get your first job.
A house painting company can use all kinds of techniques to get that first customer. Carmelo preferred going door to door.
You might want to practice painting pitches before you start providing quotes for painting houses. Carmelo used the one below when starting a painting company.
[su_quote]I noticed [this thing wrong on the house]. Did you know we can fix it for $X?[/su_quote]
After explaining the hows and whys, Carmelo continued:
[su_quote]I’ll give you a quote, then give us a call anytime. We’ll be in the neighborhood, so you should see us around.[/su_quote]
It might help to bring some painter's business cards. We cover the places you can get low-cost house painting business cards in our inexpensive business card guide.
Carmelo went on to explain:
[su_quote]Customer service is the biggest thing. There is a luck component to business. It’s a lot of hard work, but sometimes it’s just a matter of being at the right place at the right time.
For instance, when we got the town hall job, it was because we painted the house of a person working there. I strategically priced it to get the job for publicity. Then we got the press to cover it.[/su_quote]
You’ll also want to be careful about how much you take on at first. One of the biggest mistakes you can make is growing your painting business too fast. Carmelo explained:
[su_quote]We grew so fast that I stopped paying attention to the numbers. We reached a point where I wasn’t able to pay for payroll, and I had to change that.[/su_quote]
Before you hire employees or subcontractors, you’ll need to make sure to document your processes so you can teach them. As Carmelo said:
[su_quote]It’s especially important to [document everything] if you have ambitions to scale.[/su_quote]
This can include creating videos explaining everything you do on a job, typing your processes out, creating interactive tutorials, or all of the above. Carmelo explained one method he uses for documenting the processes for his specialized services:
[su_quote]We put a QR code on every paint can for the painting business pro to learn how to use it effectively.[/su_quote]
Unless you want a really small painting company that just covers your salary, you’ll need employees or subcontractors. That means you’ll need a payroll processor. You’ll also need to do interviews and background checks.
Carmelo told us:
[su_quote]I base my hiring decisions based on whether I like them. If I don’t, I’m not going to like working with them. The other stuff I can teach.[/su_quote]
You can learn more about hiring straight from a recruiter in our hiring how-to.
Now you know how to become a house painter. Want to skip all the learning about how to get painting contracts, the average cost of painting a room, and advertising painting services?
Carmelo has a special offer for UpFlippers who want to learn how to become paint contractors. You can get a Spray-Net franchise and save.
You can find painting influencers like Carmelo and check out their videos, blogs, and social media to help inspire your own painting business.
It’s useful to pay attention to industry trends as you learn how to start a painting company. There’s no better way than participating in industry organizations like:
We’ve discussed how to get into painting with minimal startup costs, our special franchise offer for starting a painting business with no experience, and painting business resources that will help you as you go.
Ultimately, it’s up to you to put together a plan, get the startup costs, and open your business legally.
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