What to Know Before Growing a Plumbing Business

Plumbing Business: What You Need to Know

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Plumbing Business

As an aspiring tradesperson, getting your license is a big deal since it opens up a number of career opportunities. Experts claim that there will be high demands for trade skills well into the future, especially when it comes to services such as plumbing.

As a plumbing contractor, you have a lot to gain from starting your very own plumbing business. But before you do, it’s essential that you know certain things first.

Understand the Market

To begin with, you need to understand the market for plumbing services in your area. Sure, you know that demand for plumbing services will be indefinitely high, but you should always do proper research before starting your own business.

This involves learning about existing businesses (future competitors) and franchises. If you’re looking to grow a business, you’ll have to choose whether to buy a current franchise or start your own firm.

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If you start with a franchise, it allows you to have significant brand recognition from the get-go. With this approach, you can gain considerable experience from a well-known firm before moving onto your own business. On the other hand, starting your own business won’t require you to pay large fees, keeping costs to a minimum.

Have a Proper Business Plan

This acts as a guide to help your business stay on track. Your plan shouldn’t just be you scribbling down a few finances and numbers, or randomly listing a bunch of Dos and Don’ts. In fact, it needs to include the potential business goals you want to achieve years from now.

For example, you should mention what resources you have how and what you plan to explore. In addition, you should list down what areas of the field you aim to expand into.

Not to mention, it should give some specifics as to what equipment you want to get, how many employees you want to scale the business with, and what financial resources you have available.

Pick a Proper Location for Your Business

Initially, you can start working out of a home office to keep costs at a minimum. Later, however, you’ll have to move to a prime business location if you want to attain optimum visibility and stand out from competitors.

Based on your location, it becomes easier for potential customers to find you via a Google Business listing.

Develop a Steady Marketing Strategy

Just like with any other up and coming business, your plumbing firm needs a proper marketing strategy. This includes banner ads, an SEO and functional business website, and an adequate Google Business listing. Of course, it helps if you maintain a social media presence and put yourself on Google Maps.

These are just some of the things you should know before trying to grow your plumbing business to a larger scale. Of course, you need to implement other techniques as well – for a thorough guide, check out our blog on how you can grow your plumbing business. Most importantly, you need to get your business listed in directories so it’s easier for potential customers to find you and it acts as a way to validate your licensure status.

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Advocate for Licensing

PHCEid.org is an advocate for the Plumbing, Heating, Cooling, and Electrical contractor to properly identify their licensed status for public awareness. Professional Contractors have the license or certification to work in homes and businesses. Without the proper certification and licensing to become a skilled trades professional, it compromises the integrity of the trade industry.

The contractors listed on the PHCEid.org website are licensed or certified according to the codes and laws set forth by each governing state and/or entity. Licensed Contractors work in compliance with local and state codes set forth by their governing trade industry board. Get more information at PHCEid.org or call 844-954-2367 today!

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