With over 115,737 plumbing companies in the US and plumbers making an average earning of more than $50,620 every year, many consider it as a lucrative profession. You should know that plumbing is not only a good job but an excellent career choice since it is an ‘earn-while-you-learn’ kind of occupation.
According to the IBISWorld report, the plumbing industry has grown from 2015-2020 at a moderate rate of 0.4% and reached a worth of $107.3 billion. The Bureau of Labor Statistics reveals that plumbers are in high demand with jobs for pipefitters, steamfitters, and other plumbing services projected to grow by 16% in the coming years. The best-paid 25% of plumbers in the US earn more than $71,140 annually.
All of this information can pretty much excite anyone to be inquisitive about how to start a plumbing business, and if you are thinking about it too then there is good news for you. Here is a quick guide that can help you jumpstart your business and start making a decent living for yourself.
The first step that you need to take in order to become a professional plumber is to acquire your high school diploma or GED. Once you have set the foundation for your education then you can start opting for additional technical courses and apprenticeship.
Apprenticeships are offered by local trade school programs. Plumbing apprenticeships generally include hands-on training at job sites as well as technical instructions. They can also be applied for through local plumbing unions and private companies. Best states for acquiring your apprenticeship programs include Indiana, Iowa, Virginia, Missouri, and Connecticut.
Before you apply for an apprenticeship program, it is better that you opt for some technical courses in plumbing from reputable institutions. Some popular courses include:
· Blueprints Course
· Drainage and Sanitary Systems Course
· Fundamentals of Plumbing & Construction
· Heating, Gas, and Water Systems Course
· Pipe Fitting and Assembly Course
· Plumbing Codes Course
Some of the best educational institutions in the US known for their expert knowledge in the plumbing discipline include:
· New York University School of Continuing and Professional Studies
· Saint Paul college
· Salt Lake Community College
· Thaddeus Stevens College of Technology
Journeyman Plumber’s License is considered to be the gold standard when it comes to plumbing licenses. It means that you have not only completed your apprenticeship under a master plumber but are also fully knowledgeable in the skills and applications of all plumbing related work.
In order to become a journeyman plumber, you are required to have completed a four-year registered apprenticeship program, completed 576 hours of classroom training, and have proof of 3,850 hours in both commercial and residential experience.
You can acquire your plumbing license from the state you are located in, however, if you want to go even further then you can try for achieving the Master Plumber status. This is beyond journeyman plumbing status and requires at least two years of work experience as a journeyman. Since every state has different requirements for obtaining licenses for plumbing, websites like Home Advisor and USA Plumbing can help.
It is important to note here that the total cost of getting a license and Master Plumber certificate can cost you from $5,000 to $28,000.
In order to promote your services and market your business, I would advise that you consider digital marketing mediums. This is due to the fact that the internet and smartphones have infiltrated the masses and online marketing offers you cost-effective means to reach out to an incredible number of customers.
For starters, you should consider contracting custom website development companies to get your proprietor website up and running. This will serve as a virtual real estate for your venture on the World Wide Web and from there you can start creating a dominating online presence.
However, even before that, I suggest that you contact a professional logo design service to create an eye-catching and professional logo for your business. This will help you to get your audiences to become familiarized with your services and also assist you to differentiate your venture from competitors.
Additionally, you should also consider creating social media profiles and business pages on popular social sharing platforms such as Facebook, LinkedIn, Twitter, TikTok, Instagram, and YouTube. This will help you to engage and interact with your audiences as well as create a rapport for your business online. However, for the local market, Google My Business is the best and a free resource that you should start using immediately.
If you have acquired your plumbing license and have a vehicle as your main source of transportation with a valid driving license, then a capital of $10,000 will be required for your startup. However, if you plan to acquire a new van for your business then that can cost you around $30,000 or more. The vehicle is important here as it will allow you to visit clients as well as carry around your equipment and tools.
Your other major cost for running your plumbing business will be regarding the tools and equipment you must have to carry out your duties and responsibilities. These can include:
· Assorted pipes and fittings
· A large bucket to store fittings
· Cast iron pipe cutter
· Circular saw
· Cordless screw gun
· Extension cords
· Pipe dope or Teflon tape
· Pipe wrenches
· Propane torch
· Reciprocating saw
· Whole hog right angle drill
The total cost of all of this equipment can expectedly exceed $5,000.
In order to start your business, you have to officially register with your State’s Revenue Agency. Furthermore, you need to acquire an EIN (Employer Identification Number) as well as a Federal Tax Identification Number. You can acquire them both for free by simply visiting the IRS website.
I would highly recommend that you also apply for a Business Bank Account with a Business Credit Card as this will help keep your personal assets safe and separate from your business troubles. Moreover, a Business Insurance plan or policy can also help you get out of trouble during an unforeseeable event.
At first, a career in plumbing services may not sound like a very opportune or attractive career track. Sure, the work might get wet at times, however, if you have a clearer understanding of the economy and demand forces, then you would know that plumbers can actually make quite a decent living for themselves. It is indeed a professional and technical job and if you do start your own business in the home services industry then definitely be proud of it! Cheers and all the best for your future endeavors!
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