So you want to start a plumbing business. Plumbers in the United States make an average salary of anywhere between $50,000- $60,000 a year. This places plumbers at the higher end of the pay scale for those working in the construction industry. But just like with any business, there are some steps that need to be taken in order to start and maintain a successful plumbing business. It may not be as easy as one thinks.
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The first step to starting a plumbing business is to actually learn the plumbing trade. It doesn’t matter if you’ll be the one going on jobs or sending your employees, you should know the basics of plumbing. You can learn this by first becoming an apprentice to a plumber and getting on-the-job knowledge. You can also take plumbing classes at a trade school and then acquire your Plumbers’ License. Once you’re a certified plumber, get some more plumbing experience by on taking small jobs.
The next step in starting your business is to put together a plan. Decide if you want your company to be service-based (go out to sites and handle plumbing issues) or product-based (sell plumbing supplies to plumbers). This is also when you name your company, obtain a business license, create a logo, and form many other parts of your business identity. This is also when you secure funding for your business since you need money to make money.
After you have everything planned out, it’s time to find a place to do all of your business operations. This will be your company’s main office where clients can visit. This is where you’ll keep important files and do some company training. You’ll also need to decide on the necessary equipment required need for your plumbing business.
As with any business, it is important to have some kind of General Liability Business Insurance. This protects your business, employees, vehicles, office, and equipment in case of any unfortunate events. There are many policy providers who offer Plumbers’ Insurance that is specific to your type of work. If you want to know what kind of premium you’re eligible for, get a plumbers’ insurance quote today.
The final and most important step to getting the ball rolling is to market your company and generate a customer base. This can be done by handing out fliers and business cards. You can also purchase ads in newspapers or online to get more exposure to your company. One of the greatest marketing tools is social media: create social media accounts for your company and do some outreach to find clients online. Also influence customers to leave reviews and spread a positive word about your business. Word of mouth is still a reliable marketing tactic.
Starting a business is never easy and takes a lot of time. But once you get everything on the move, the results can be gratifying. Other things to note: be a people person. Your job will require you to meet face-to-face with your clients so ensure to practice great customer service. Also, it is important to stay physically fit since being a plumber is a physically demanding job. Once you’ve built your business, gathered your equipment, acquired Plumbers’ Insurance, and started marketing your company, you will begin to reap the benefits of your hard work.