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The locksmith trade ~* The good, the bad and the ugly

Already an established locksmith? Trying to get your new locksmith business off the ground? Need training or licensing? Have to get bonded and insured? Visit here to talk about running a locksmith business day to day, including buying a van, renting a store front, getting business cards and invoices made up, questions on taxes, pricing out jobs, what to spend on tools and what works and doesn't in advertizing.

The locksmith trade ~* The good, the bad and the ugly

Postby allaboutlockschico » 17 Aug 2011 0:09

Many people have asked me questions about being a locksmith, what it takes and how to get started in the field, so I wanted to share this essay I had written and this seemed like a fine place to post it.

The locksmith trade ~ The good, the bad and the ugly

Are you thinking about becoming a locksmith? Many people ask me about my profession when I arrive at a job site. The idea of working with the public, working with hand tools, making a quick buck on lock-out calls, and of course the power and ability to unlock doors, cars and safes is quite intoxicating for some people. I don't place help wanted ads, but nevertheless I average one unsolicited résumé a month via e-mail. Usually it arrives from an eager teenager looking to do an apprenticeship. O.J.T. (on-the-job training) is a fine way to go if you can get the gig. That's precisely how I started. That and reading every trade magazine I could get my hands on, endless hours doing research on the web, taking classes, attending trade expos, and talking with any locksmith who would take the time to chat with me (and many would, so long as I wasn't one of their competitors). But that's how it is for most lock jocks. Once you begin work as a locksmith it gets under your skin. It consumes you and becomes an obsession. That's not exactly a bad thing after all; to be (God willing) financially successful at what you enjoy is a great way to pay the bills. There is, however, a price to pay that does not fit with most people's lifestyle, and thus -- the purpose of this article.

The Good: Helping the public and making a few bucks while doing it. First off, I rarely charge to unlock a car or house when there is a child locked inside. When I get the call, usually from a panicked parent declaring his or her child is locked inside a car, I rush to the scene. There are few better moments for me as a locksmith than seeing the relief in a mother's eyes when I unlock the door and she pulls her child from a sweltering car on a warm summer day. "You're my HERO," she says as she holds her child close with tears in her eyes. "No charge ma'am. We don't charge for children locked in cars. If you like, for a small fee, I can make you a copy of your car's door key so it's less likely to happen again." They almost always say yes, and the payment for the key usually accompanies a tip. The "up sale" is simply to cover my gas going out on the call, and the tip, if any, buys me lunch.

The rest of my jobs are typically for-profit jobs. Still, over half of what I charge goes right back into the company in the form of gas, insurance, advertising, trade organization dues, license fees, vehicle maintenance, tools, supplies, and other expenses.

As a locksmith you will never get rich, but if you play your cards right you could retire well. The plan, as I read in a popular trade magazine, is to sell a well-established shop with a long list of customer accounts, while owning and collecting rent on the property the shop sits on. It's even better if you own an entire complex and collect rent from your shop's neighbors, too. I personally know a retired locksmith who did exactly this and I understand he is doing quite well for himself.

Many locksmiths make and sell tools and/or reference books, or teach classes (as I do) to supplement their income.

The Bad: Being on call 24/7. After-hours and weekend service can account for a large part, if not most when first starting out, of your income. Then there are the late night calls. 2am, half drunk and he can't find his car keys: "I'm sorry sir -- I can't help you drive your car tonight, but if you call me in the morning I will be happy to assist you."

The locksmith industry is a highly regulated (but necessarily so) security industry. The licenses, insurances, and bonds you have to carry can cost a small fortune. I have a city business license, a state locksmith license, a State Contractor's License for lock and security work, two insurance policies (general liability and commercial vehicle insurance), two different bonds, and I am a member of two major national trade organizations. In California, you need to be fingerprinted and pass State and Federal background tests. I am also a member of some local organizations including the Chico Chamber of Commerce and the North Valley Property Owner's Association.

The cost of running a business like this can be overwhelming and there is always another tool you need to buy, another software update, or replacement parts/tools that need to be ordered. I am currently saving up for a high security key machine that retails for $5,800.

Let's not forget the paperwork. You will need to keep legal forms for customers to fill out and detailed records of who, what, where and when. The last thing you want to do is make keys to a car or house for someone who does not have authority to hold a key to that property.

Lastly, buy a nice shirt and tie because there is a good chance you will find yourself in a court of law before long for, among other things, domestic disputes.

The Ugly: Evictions, repossessions (R.E.O.'s), and re-keys after a domestic dispute. There are few things as humbling in this profession as writing a bill for after-hours service and handing the new keys over to someone wearing a fresh black eye. I vividly remember one woman who was standing next to a hole in the drywall where her head was forcibly inserted only a few hours earlier. The local sheriffs know me because it's not uncommon to perform the re-key and security checks while they are still there, filling out their report.

Can you say fleas? Yep, now I keep flea powder in the van because you never know what condition a recently foreclosed house will be in.

Angry former tenants who have been kicked out can also present a challenge. Sometimes the locks are disabled or destroyed, and I keep latex gloves in the van in case I ever have to pick open another lock that has been urinated on.

The bottom line: I am quite happy being a locksmith, most of the time. The pay, the freedom of the job (I can leave my schedule open if my kids have a school event), and the satisfaction of helping people while making a profit for myself keeps me going.


My advice to you:
1. Do your research before entering the market as a locksmith. My town has too many locksmiths per capita. There is barely enough work to go around much of the time.
2. Get on with another locksmith and be willing to relocate, as you may be required to sign a "no compete" contract saying you will not leave to be your boss's competitor. Locksmith schools are okay, but a seasoned locksmith can show you some tricks of the trade that can help you make higher profits or perform jobs better and quicker than the basic skills taught in most schools.
3. Be willing to pay your dues. It will take many years to build up a customer base, and a name for yourself. A wise locksmith once told me it takes at least three years before they (the customers) know you're there, and seven before they notice you are gone.
4. When you start out on your own, get an easy to recognize logo and put it on everything: your van, invoices, pens to hand out, and every other piece of advertising (see our logo below).
5. C.Y.A. Document everything and have pre-printed, professionally prepared, legal forms for your customers to fill out.
6. Don't get too carried away. If you have other obligations, like a spouse and/or kids, make sure to make time for them. It's hard to turn the phone off, or turn down calls because you're turning away money, but you can't get back the days you miss.

A former employer of mine occasionally tells the story of how he made $2,000 in one weekend dispatching calls to his on-call locksmith, while he was on a boat on Lake Shasta with his wife. It was a rare weekend vacation for them and he spent a good part of the day on the phone. She died of cancer two short years later, and he later told me he would give just about anything to have that day back. I know this story personally as I was the on-call employee that weekend.

To quote Uncle Ben (from Spider-Man, the movie): "With great power comes great responsibility." The ability to unlock doors, bypass alarm systems, unlock safes, and the inside knowledge of customers' security systems has been the downfall of unscrupulous locksmiths. In short, if you can't handle the temptation, don't pursue the profession.

Finally: Never take advantage of someone. Like Grandpa always said, it can take a lifetime to build up a good reputation but only a moment to ruin it.

Good luck in whatever you decide -- unless, of course, you are planning to open a lock shop in my service area.

~Michael D. Meyer
Last edited by Squelchtone on 17 Aug 2011 1:16, edited 1 time in total.
Reason: removed link to business to comply with site rules
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby Sinifar » 4 Aug 2014 7:48

Excellent! You captured the essence of working in this trade to the letter. I wish you well in your future endeavors.

Sinifar
The early bird may get the worm, but it is the second mouse which gets the cheese!
The only easy day was yesterday.
Celebrating my 50th year in the trade!
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby Dean john » 23 Jun 2017 3:58

Locksmith have a great power and responsibility. He can unlock doors, unlock safes.They give knowledge of customers' security systems and provide you best service in your region. Your security is locksmith's priority. They make all possible efforts to enhance security of your home ,office and vehicle on the other hand a few fake locksmith cheated you for taking the advantage of your horrible situation.
Last edited by femurat on 23 Jun 2017 6:44, edited 1 time in total.
Reason: removed link to business to comply with site rules
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby ltdbjd » 23 Jun 2017 6:47

Very well said!
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby cledry » 23 Jun 2017 19:16

Nice first post. Thanks for taking time to do the detailed write-up. I never have done the whole kids locked in car thing, not for free and not for pay. In my area if something happens to the kid I can be held liable. Florida is a hot state so I tell them to break a window or call the emergency services.

If I had my way I would only run commercial jobs, but the car openings and residential calls serve a need to the community and it lets our less experienced locksmiths earn their keep. Commercial work pays much better and the customer is usually understanding of the associated charges, unlike some residential customers who complain when it comes time to pay.
Jim
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby GWiens2001 » 23 Jun 2017 19:45

cledry wrote:Nice first post. Thanks for taking time to do the detailed write-up. I never have done the whole kids locked in car thing, not for free and not for pay. In my area if something happens to the kid I can be held liable. Florida is a hot state so I tell them to break a window or call the emergency services.

If I had my way I would only run commercial jobs, but the car openings and residential calls serve a need to the community and it lets our less experienced locksmiths earn their keep. Commercial work pays much better and the customer is usually understanding of the associated charges, unlike some residential customers who complain when it comes time to pay.


:? The OP wrote his one and only post in 2011.

Gordon
Just when you finally think you have learned it all, that is when you learn that you don't know anything yet.
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby billdeserthills » 24 Jun 2017 14:10

Gordon you beat me to it!
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby AlwaysLearningDavid » 12 Jan 2019 18:50

Sorry to next-door, but they left out dead bodies under "ugly".

Tenant stopped paying rent and the landlord hasn't seen them in a while?

Guess what you're going to find?

Funny smell in a vacant building where squatter are often seen?

Most likely still has the needle in their arm.
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby AlwaysLearningDavid » 12 Jan 2019 18:52

Sorry, I meant to say *necro-thread.

autocorrect!
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby billdeserthills » 12 Jan 2019 20:02

AlwaysLearningDavid wrote:Sorry to next-door, but they left out dead bodies under "ugly".

Tenant stopped paying rent and the landlord hasn't seen them in a while?

Guess what you're going to find?

Funny smell in a vacant building where squatter are often seen?

Most likely still has the needle in their arm.



Eeew, dead bodies--
I guess that's as good as the brains I found on the carpet from the last suicide I rekeyed
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby MartinHewitt » 29 Mar 2019 20:09

A friend is an all-purpose locksmith and has many repeat customers. One of these is the police. So he was in a few situations where he was the only unarmed person.
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby Richface109 » 17 Jul 2020 22:56

Looking forward to the good, the bad, and the ugly.
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby billdeserthills » 18 Jul 2020 2:19

IDK about other locksmiths but I carry knives & guns in my pockets
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby nothumbs » 21 Jul 2020 17:25

On another tangent, non-competes are not enforceable in California. Not sure about other locals.
It's a good day when I learn something new.
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Re: The locksmith trade ~* The good, the bad and the ugly

Postby billdeserthills » 28 Jul 2020 12:55

Here's some 'ugly',
some old guy keeps coming into my shop, asking me to copy his square head, restricted Medeco M3 key

I keep telling him that the only place he can get that key is by calling the phone number on the head of his key

Today he comes in & wants to buy 3 schlage deadbolts & key them to fit his Medeco restricted key. Then
he stands there and insists he paid me to come out and key up his other locks to match, which obviously never
happened.
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