Tuesday, 23 July 2013



The locks on the doors on most homes keep the skilled burglar out

for about 30 seconds! This is especially true if the only thing

slowing him down is a standard key-in-the-knob lock.

Statistically, there's about one residential burglary every 30

seconds in this country. Traditionally, as the economy falters

and times get harder, the number tends to rise.

Quite naturally, people are concerned and frightened. As a

result, locksmithing is not only one of the new "demand"

businesses, it's rapidly becoming one of the more profitable

businesses for entrepreneurs with not too much capital to invest.

Today's locksmiths are usually well versed in mathematics and

basic electronics. They almost always have to be, what with the

new types of locks being introduced. Today's locksmith is more

likely to be known as a "Security Specialists," then just

ordinary locksmith, as in the past.

Even so, most locksmithing businesses are still one-man

operations. In many instances, it's a husband and wife family

affair, with the husband handling the mechanical end and the wife

doing the books and financial end of the business. Most of these

small operations concentrate on the repair side of the business,

and deliberately choose to remain small in size. As we will

discuss later, however, this need not be the case; these small

businesses CAN "grow up."

According to the area in which he is located, and established,

well organized and trained locksmith may gross between $50,000

and $60,000 per year, using a van as a mobile "workshop," and

space in his home as an office. Remember: As the economy turns

toward recession, burglaries increase and people become aware of

the need for better locks to protect what they own; thus the

locksmith enjoys an increased income during hard times.

Just because locksmithing is a "personal" kind of business, and

can be started on a shoestring and operated out of the home,

that's not to say that a locksmithing service cannot be developed

into a million dollar business. On the contrary, there are a

number of operations in some of the larger metropolitan areas

that have several mobile locksmith vans on the road, in addition

to retail store locations. These operations are grossing well

into the million dollar figures every year.

It's a matter of desire, determination and personal fulfillment

and satisfaction. Attitude, marketing skills and general business

knowledge are also positive attributes necessary for real

success. Very definitely, the sharp businessman with determined

ambition can dominate any market with a modern locksmithing


The key ingredient to this business is the utilization of proper

marketing and selling skills. It goes without saying: you can

know all there is about the mechanical functioning of the

business, but without innovative marketing and selling skills,

your business will surely flounder.

However, given the marketing know-how, plus persistent sales

efforts, you can succeed in this business with the knowledge you

can acquire of the technical side. The success of any business is

built upon the marketing and sales expertise of its founder,

because after all, "mechanics" can always be hired, if you decide

to go that route rather than learn the trade and the business.

Your marketing efforts should stress the theme that your services

will allay the fears of your buyers. You want to get across to

your prospective customers the sense of security your service

will provide: You can make them safe in their own homes; no

longer will they have to worry about being rudely awakened in the

middle of the night by a burglar rustling around in their house;

no longer will they have to worry about coming home to a house

that's been cleaned out or ransacked.

Once you understand that fear is a basic human instinct, it's

easy to see that virtually everyone can be a prospect for your

service as a locksmith. Your potential market includes everyone

in your area, because everyone has possessions. So every

homeowner, every apartment dweller, every business owner, all the

schools, churches, government institutions, and a wide variety of

other commercial and industrial accounts can be yours.

In this day and age, new homeowners and apartment dwellers want

locks changed the day the move in, so that the former occupants

and other key holders will not have access to their place. In

addition, there will probably be the need for additional keys for

each member of the new family, now that new, safer locks have

been installed.

Commercial and industrial accounts present and even lucrative

market. larger companies tend to want their keys

"departmentalized," so that office workers can get into the

building on weekends, but not into the factory or shipping areas,

and vice versa. Banks and savings institutions frequently need

the safe deposit locks changed.

Generally speaking, newcomers to this field should focus their

efforts on the commercial market is vast, and often up for grabs

in many areas. In addition, the profit margins in these areas are

excellent! With one of these accounts you'll have to work paying

about $500 or more per visit, compared with $25 to $50 per visit

per residential job. With commercial/industrial accounts, there's

also the possibility of ongoing service and maintenance.

Definitely, the commercial/industrial business is well worth

going after, and can put your business in the black very rapidly.

However, it does take aggressiveness, and the determination to

sell these accounts.

Start small, Consider working out of your home in the beginning.

Most of today's successful locksmiths began by working out of

their homes, with the family car or van outfitted with the tools

and equipment needed. Such an approach will enable you to get

started for a little as $1,000. You should be aware however, that

this is just a beginning, and not all it's going to take to

really establish your business. With this level of investment,

you're more or less limited in the business you can handle and

the money you can make. Locksmiths who want to make the really

big money should be investing all their early profits into more

equipment and inventory up to a level where they can offer

complete full service locksmithing. Such a business would require

at least $5,000 in equipment, perhaps even $10,000, depending on

how many different services you want to offer. this estimate for

start-up costs does not include your van or inventory of spare

parts and new locks.

Perhaps a quick word of caution is in order here. You've no doubt

seen or heard some of the advertisements promising all kinds of

big money to be made with your own locksmithing service; "just

send for the learn-at-home correspondence course, and you'll be

home free." It's true that you can earn big money in this

business, but as we've noted earlier, without a lot of sharp

marketing and selling expertise, plus at least the essential

equipment to handle the kind of work these courses teach,

enrolling in one of these courses will put you no further ahead

than you are right now. This business requires EQUIPMENT and


You can make excellent money as a locksmith, so long as you

operate your business capably and in a professional manner. But

without a full line of the equipment required to handle a wide

variety of jobs, you will be limiting your total income

potential. The more you invest in quality equipment, the more

different kinds of jobs you can handle, and thus the more money

you'll be capable of making.

This is definitely a business in which you decide for yourself

exactly how far and how fast you want to go. As we've said, some

operators are perfectly content to work out of their homes, using

a mobile van. They don't want the larger problems involved in

hiring employees, or the expense of maintaining a retail


But to make really big money in this business, starting small and

working out of your home, you should plan to put more mobile

trucks on the road, and as soon as possible, open a retail

location. Each mobile van will give you another satellite

business, and a retail location will afford you a base

headquarters for your mobile vans.

It is of the utmost importance that you build and maintain a

professional image as a quality locksmithing operation from the

start. Clinging to the craftsman type of image will be of

advantage only if you wish to stay in the "Mom and Pop" category.

You should endeavor to handle all jobs as quickly and as

efficiently as possible. Outfitting yourself and your help in

sharp looking uniforms will help. Making your calls in a clean,

well-organized van will also play an important part in the image

your customers have of your business. You want your customers to

have confidence in your business, and in the quality of the work

you do for them. When they do, you'll find they are more likely

to pay their bills with fewer reminders.

Think of it like this: A large invoice presented by a man in a

clean uniform who drives up in a good looking truck and does

quality work is going to be paid more readily than one for $25

presented by a guy in grubby jeans who drove up in a 10-year old

decrepit truck.

With so many technological changes occurring within this field on

an almost monthly basis, it's to your advantage to stay on top of

what's happening within the locksmithing field. This means

subscribing to some of the better trade publications. You should

be attending the various Locksmithing Association promoted

seminars and workshops that offer ongoing help in both the

technical and financial side of this business. In other words,

you should plan to keep yourself up to date with a program of

continuous learning.

There are several ways to get started in this business. You can

buy an existing operation from a retiring craftsman. Ask him to

help you with the technical side of the operation while you spend

most of your time actively promoting and managing the business.

Or, you can hire the technical help you need, and the sales force

to build the business while you do the managing. You can enroll

in one of the popular correspondence courses, become involved in

the business as you learn from the various trade publications,

and progress at your own speed. Our recommendation is that you

learn the fiscal and management side of the business, and hire

others to handle the mechanical or technical side. Thus the

purpose of this report is to indoctrinate you to the business

side. To explain the technical details of this business would

take volumes and probably much of the information contained would

be out-dated by the time it came to press.

However, we will provide you with an outline of the most common

types of jobs a locksmith should be able to handle.

RECOMBINATION LOCKS: A customer may want to change an existing

lock to work off a new key--the most common type of lock being

the key-in-the-knob cylinder or pin tumbler lock. When the proper

key is inserted in the keyway, spring-loaded pins are pushed up

and out of the cylinder, allowing the plug to turn, and opening

the lock. When recombinating, you're changing the depth of these

pins so that a new key is the only one that will work. Most

house, auto and padlocks are the pin tumbler variety. Different

brands of locks use different depths, space and keyways. But with

a given brand of lock, up to 50,000 variations exist. Thus, it's

not always necessary to change the new lock.

COMBINATING ALIKE: Some customers will have a house or business

with several different locks and keys, none of them alike or

using the same key. Sometimes people will want to change to a

system that will require the least number of keys to carry

around. Here, you'll be required to change the key coding so that

one key works all the locks. Sometimes this requires the

installation of common door hardware; however, in most cases,

you'll find the same brand locks are used throughout the


MASTERKEYING: Apartment owners and other commercial accounts may

want dual key access. This is done by using locks with dual pin

tumbler sets. One works with the apartment key, the other with

the master key. Keys are spoken of in terms of code numbers.

These are sets of digits reflecting the depth of serration. A

given lock is a master key setup might respond, for example, to

keys with code numbers 1-2-3-4-5 and 6-7-8-9. Mathematical

progressions are used in master keying.

LOCKOUTS: Frequently a person finds himself locked out of his

home, office, warehouse, car, etc. Invariably this happens at odd

hours of the day or night. So opening locks at odd hours of the

day or night will be a role you'll definitely play live of your

customers. A typical pin tumbler lock can generally be picked

open in about 30 seconds, using either picks or a single piece of

spring steel and good wrist work. All locks have tolerances and

variations in manufacture which will allow you to push the

cylinder pins up and out of the way while exerting a turning

pressure on the cylinder itself.

AUTOMOBILE LOCKOUTS: This problem occurs frequently and will

require a different procedure. A tool called a "Slim Shim" is

often used here, and works on most domestic and many foreign

cars. this is pushed down between the glass and the weather

stripping on the door far enough to reach the back of the lock

cylinder on the door. You simply push down or pull up. A "button

popper" is also used, worked through the weather stripping on

vent windows in older cars, and angled back to the latch button.

LOCK INSTALLATION: Much of your time will be spent installing new

lock and door hardware. In many cases, homeowners and business

people will want to upgrade their security with the latest model

hardware for older homes, offices and other buildings. Many

locksmiths get involved in new construction of apartment houses,

condominiums, shopping centers and the like. Often you'll be

adding more security to an existing door, such as installing a

deadbolt lock.

PANIC BARS AND DOOR CLOSERS: Many locksmiths working the

commercial or industrial market get involved in the repair and

installation of panic bars in public access areas. Panic bars are

those large bars you can push on to open the outside doors of

many public buildings. Door closers are those hydraulic devices

mounted at the top of these doors which return the door to the

closed position after it has been opened.

ALARMS, SAFES, AND VAULTS: The sale and installation of alarm are

a natural adjunct to the locksmithing business. Many larger

locksmithing operations move into this area, which is somewhat

specialized. Alarms can be the "perimeter" type which sound when

a door is opened after hours, or "area" alarms. "Space" or "area"

protection is generally preferred, and involves infrared,

ultrasonic or microwave sensors triggering alarms by detecting


Safe and vault work is another specialty. Some locksmiths have

major banks and savings and loan associations as clients. They

spend a good deal of their time changing safe deposit box locks

and maintaining vaults and the like. Gaining in popularity is the

safe and service of safes for homes and business use. You will be

exposed to all these specialties and to new technology at

seminars, conventions and workshops.

HIGH SECURITY WORK: A typical locksmith is a "general

practitioner," while the high-security locksmith is a

"specialist." High security work is often done for major

corporations, government institutions, large banks, race tracks,

museums and wealthy private individuals who desire maximum

security. Often this work involves access control systems using

card readers or voice print equipment, possibly combines with

electronic push button locks that work off a combination of

numbers known only to a few individuals.

In addition to these major areas of activity, locksmiths the

world over do key duplicating and impressioning, which is

replacing of lost keys with custom made copies, and a wide

variety of other types of sales, repair and service work.

In order to achieve maximum profitability as a locksmith, you

must be able to offer all these services to your customers. Locks

and security are the prime concern to your customer, and it

follows that when a customer wants help in this area, he wants it

taken care of immediately. Thus, you must position yourself to

handle this job immediately, or lose him to a locksmith who can

take care of his needs on the spot.

Do some market research. Analyze your local market area before

you embark upon this business. This can be done via letters to

the local locksmithing association, Chamber of Commerce, or even

by checking through the yellow pages. As important as anything

else, you'll want to know how many locksmiths are already

operating in your area, and how much of the market you can expect

to attract with your business. Most industry experts agree that

any more than one locksmith for every 30,000 people tends to

saturate the market. However, you should study the operations of

the existing locksmiths to determine if you can capture a good

portion of the existing market by offering more and better

service, especially with well-planned efforts towards the

commercial and industrial accounts. In many areas, the

established locksmiths have been in business for 20 years or

more, and are not interested in expanding their businesses to

include the newer and more intricate types of protection


Look your market over. Determine if there's been any real effort

to "sell" the market on upgraded protection. Door-to-door sales

efforts; direct mail advertising campaigns; local "hard sell"

newspaper advertising; home protection and business security

seminars, are angles that can be used to launch your business.

These approaches should prove to be especially profitable if the

existing locksmiths have been sitting back and letting the people

come to them when they have a problem. Get to know the building

contractors and start bidding on the installation of locks on

their building projects. You will get your share of business,

even though at first you may get contracts only from the new

builders who have not had experience with the other locksmiths.

For a fast start in this business, we suggest that you set

yourself up with a van and take your business to your customers.

It isn't absolutely necessary to buy a van off the showroom floor

and outfit it with all the equipment you'll ultimately need for a

full service locksmithing business. That would be nice, but it

would probably run you close to $50,000 or more. By shopping

around, you should be able to pick up a good, late model van for

about $3,000. You might be able to work an even better deal by

leasing a new van, and writing off the payments as a business tax

deduction. One thing you'll definitely want to consider is a van

that has a raised roof in order for you to stand upright in it.

After all, you'll be doing most of your work in it, and to have

to stoop all the time would soon become quite tiring. Generally,

you can run a workbench down either or both sides of your van.


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