If you are seeking a retirement opportunity or supplemental income a blade sharpening business may be a good fit for you. Saws, knives, cutlery and blades get dull after several uses. Many individuals and business owners do not have the equipment or time to sharpen utensils. A blade sharpening business can be started with less than $1,000. The potential annual revenue from this type of business is $8,000 to $15,000.
Purchase sharpener. Expect to spend up to $500 on a good blade sharpener. Keep in mind that depending on where you perform the service, the sharpener may have to be moved from one location to another. With that in mind, buy a high quality, easily portable sharpener.
Set fees. Offer package deals. For instance, sharpen 5 pairs of scissors for $20. Potential customers may find the package deals so intriguing that they may take advantage of package deals by getting family and friends' knives and scissors sharpened.
Advertise service. Place ad in Yellow Pages. Advertise in local newspapers.
Get customers through networking. Create mutual business relationships with kitchen and restaurant equipment suppliers. Arrange to have your fliers distributed with new equipment. In exchange, distribute the equipment suppliers' brochures when you make service calls.
Make cold calls. Contact restaurant owners, craft stores and fabric stores. Inquire about knives, cleavers and scissors that need sharpening.