One of the fastest growing sectors in business is plumbing, along with related work such as pipe laying, pipefitting, and steamfitting. The Bureau of Labor Statistics estimates a growth of 16% in this sector between 2008 and 2018.
This is a good sign if you are interested in starting a plumbing business. A small plumbing business can take care of ordinary household issues like broken faucets or clogged drains and could even help with major projects such as building construction, housing developments, and city pipelines.
To start your business, here are some reminders:
Apply for permits
Your plumbing company needs liability insurance, a tax identification number, and several other permits and licenses. Depending on your area, you may also need to take an exam to earn your license, and this only follows a specific period of apprenticeship. You will also need a retail license if you’ll be selling plumbing equipment or parts.
Buy your equipment and tools
You’ll need equipment and tools, of course. Teschem Engineering Ltd says that it’s important to build a relationship with other businesses that can help yours, like gasket suppliers. You will need a vehicle that can carry your equipment, too. A van or a pickup truck is a good option. Get some office items, such as a computer with software designed for plumbing businesses, a phone, and fax machine.
Learn how your competitors do business
This is largely about how other plumbers bid on projects. You should find out how much they are likely to charge for a particular service. Use your fax machine or email for sending bids. Throw in some value-adding freebies if you can. Sometimes, that freebie will help a customer decide to choose you over another company with the same bid.
Don’t forget to tell people about your business. Phone book ads are great, but you might want to build a website. Get on the popular online lists like Google My Business, Angie’s List, and Yelp. To increase your chances of getting calls, pay for SEO services.
These are some of the basic steps that should help you get that plumbing business off the ground. As long as you love what you’re doing, you’ll always find the motivation to succeed.