It is a very lucrative industry, especially if you select the right location for your business, and will be the center of attention in the coming years.
Water is a necessity. Daily, around the world, billions of people require clean drinking water and sanitation services. However, millions don’t have access to safe and affordable water. They either have to purchase it or otherwise search for systems that can purify water for consumption. This is where the water purifying business comes in handy.
Listed are the steps to start a water purifying business.
- Plan your business
- Register your business name
- Complete all required business documents to run your business
- Get insured
- Promote your business
Starting a water purifying business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell water purifying , or selling water purifying online, you can use this page as a guide for everything you'll need to know.
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$0||$6,900|
|Employee & Freelancer Expenses||$151||$352|
|Business Formation Fees||$5,600||$20,400|
|Equipment & Supply Expenses||$63||$700|
|Training & Education Expenses||$0||$2,000|
|Food Business Expenses||$25||$500|
|Retail Business Expenses||$0||$950|
|Advertising & Marketing Costs||$75||$2,486|
|KENT RO Systems||kent.co.in||#50,351|
|Canopus Water Technologies||canopuswatertechnologies.com||#617,686|
|Water filter. Water purification filters – buy at best price from Ecosoft||ecosoft.com||#741,382|
|Drinking Water Purification Systems||multipure.com||#1,168,951|
|RO Water SA||rowater.co.za||#2,261,936|
Pros & Cons
|Rewarding work||Starting a water purifying business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.|
|Scalable||With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.|
|Meaningful business connections||You never know who you will meet as a water purifying business. This could be the start of an incredible business opportunity!|
|High customer retention rates||Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.|
|Pick & choose the clients you work with||Water Purifying Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!|
|Unlimited income potential||With starting a water purifying business there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.|
|Crowded Space||Competition is high when it comes to your water purifying business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.|
|Motivation of employees||If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.|
|Longer Sales Process||A water purifying business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.|
|Low margins||The gross margins for your water purifying business are typically around 30%, which can make it more challenging to incur new expenses and maintain profitability.|
|High employee turnover||In the water purifying business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.|
|Work can be inconsistent||As a water purifying business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.|
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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