Over the years, technology has been introduced into almost every walk of life. It has brought about rapid modifications in already existing materials, businesses, and mediums of carrying out operations. Sectors like the health sectors, the educational sectors, agricultural sectors, and even socioeconomic related sectors have all undergone these modifications. The plumbing sector has equally benefited from the growth in technology. As a result, plumbing is now more efficient, and the demand for plumbers is fast on the rise, particularly as more residential and industrials structures are erected.
Plumbing is an essential aspect of a building; it involves installing or repairing pipes and fittings in a way water is easily used and waste drained. The global plumbing industry was placed at $83 billion in 2017 and has been projected to hit over $120 billion by 2023 at 6.2% CAGR. Going by current statistics, the United States, China, India, Indonesia, Canada and Mexico are some of the countries with the biggest plumbing markets in the globe.
The public industry is equally lucrative in Nigeria. An average plumber makes about ₦71,665. However, the figure is mostly dependent on experience and job type. The plumbing servicing industry in Nigeria is dependent on corporate organizations than residential houses. The demand in the industry is led by both construction trends and the ability for consumers to purchase industry services. The plumbing industry is reliant on the construction industry, but where there are sinks, toilets, and pipes, there is a plumber.
If you’re planning to start up a plumbing business, here is a detailed guide to help you through the process.
What Is Plumbing?
Plumbing is the installation of systems that use pipes, valves, plumbing fixtures, tanks, and other kinds of machinery to distribute water and remove waterborne waste from a building. Plumbing services are usually done by individuals called plumbers.
What Is A Plumbing Business?
A plumbing business describes the service(s) involving pipe installations, sinks, valve and other activities that relate to water system both in residential and industrial buildings.
Business Opportunities In plumbing In Nigeria And Across The World
1). Commercial Plumbing Services:
Commercial plumbing refers to plumbing services rendered to schools, hospitals, hotels, churches, industries, shopping centres, factories and other kinds of commercial organization or businesses.
2). Residential Plumbers:
Residential plumbing includes services for residential homes. Residential plumbers work both on new sites and old buildings to install, repair, and maintain the pipes.
3). Repair Services:
Although there is no clear-cut difference between repair plumbing services and the other types of plumbing services, most plumbers have a field day undertaking repair and maintenance of damaged pipes, leakages, blocked pipes and drainages when such jobs are available.
4). Sales Of Plumbing Fixtures:
Plumbing fixtures refer to the individual plumbing units that make up a complete residential or industrial plumbing setup. They include valves, water closet, pipes, sinks, faucets, and bathtub, among many others. Selling and distributing plumbing fixtures holds lots of business prospects for any investor with little or no experience of plumbing.
Facts And Benefits Of Plumbing
- The word ‘plumbing’ originates from the Latin ‘plumbum’ which means ‘lead’.
- Plumbing is a profession that can never go out of demand
- It gives buildings good water pressure.
- People often rate the quality and class of a building by the plumbing system it has.
- It provides job security to plumbers all across the world.
- Flushing toilets date back to 1956. It was invented by John Harrington.
- The single-hand faucet that controls hot and cold water was invented by Al-Moen in 1939.
- Being a gives you a feeling of importance.
- Plumbing is an essential part of every building.
- You do not need to go to a school to learn it.
- The US, China, India, Indonesia, Canada and Mexico have some of the largest plumbing industries in the world.
- A leaking toilet can waste about 200 gallons of water.
Types Of Plumbing Systems
1). Potable Water System:
The potable water system is responsible for bringing water into a structure from the available source(s) of water in the community. In most areas, just like every other public utility service, the volume of water used by a particular structure is recorded and regulated using metres.
2). Sanitary Drainage System:
All wastewater and semi-liquid wastes from a building are removed through the sanitary drainage system. The liquids are channeled to designated points in the compound or any other place for the same purpose.
3). Stormwater Drainage System:
A storm-water drainage system is an effort at controlling water flow and avoiding disasters such as storms and erosions. This drainage system is installed to carry rainwater away from the building. It includes gutters and underground pipes and vents.
How To Start A Plumbing Business In Nigeria: A Step-By-Step Guide
To start, you need to decide on a niche. Conduct research on the types of plumbing companies that exist in your and the services they provide. Then find out the kind of plumbing services that are profitable in your area and the resources you need to start. After this research, you should be able to decide if you want to be a commercial plumber or a residential plumber. This decision is vital because it will determine the type of resources you need to start.
1). Write A Business Plan:
A solid plumbing business plan should contain the vision and mission, your market research and strategies, business goals and objectives, budget and required start-up capital, step-by-step plans, type of plumbing services to render, etc.
2). Raise Your Capital:
The capital for starting a plumbing business differs based on location, experience, and type of plumbing service. For instance, if you do not have background knowledge about plumbing, you might have to employ an expert who will do the job while you take care of the administrative exercise. Although it will be expensive and impart your startup cost because of the labour cost, you will likely incur.
Your starting capital should cover office set up, cost of labour, registration, licenses, equipment, and other logistics. If you don’t have the funds to start, you can entice investors with your business plan. Plus, you can apply for loans from financial institutions or look for business partners who can finance the business.
3). Site Your Business:
The business location is a very vital factor to consider when starting a plumbing business. Ensure your office site is located in the heart of town where clients and customers can easily reach you. This is particularly necessary if you intend to sell plumbing fixtures too.
4). Register Your Business:
As an entrepreneur in Nigeria, the first step to starting a business is registering it with the Corporate Affairs Commission (CAC). CAC is the accredited agency in charge of business registration. Choose a unique name that will depict your services. You can either register as a business name or limited liability company depending on the ownership arrangement.
5). Hire Professional Plumbers And Other Staff:
To make your business comprehensive enough, you should hire plumbers in different fields and services. The number of staff you employ depends on the scale of your business but you should also have other key personnel such as store manager, accountant, cashier, and other necessary experts.
6). Procure The Necessary Equipment:
A plumbing business could be very intensive as far as materials and work equipment are concerned. Although some of the fittings are best purchased when a particular need arrives, the most primary materials to get include pipes, buckets, pliers, a circular saw, pipe wrenches, cast iron pipe cutter, propane torch, cordless screw gun, tapes, extension cords, etc.
7). Market Your Brand:
Because of the competitiveness of the plumbing business, there is a need to invest in marketing to become visible. Marketing involves recognizing your target audience. Once you know where to find your target audience, you can run targeted online and offline ads that will generate leads. Referral form of marketing is a top choice for most because it works like magic. You can apply the same technique in your plumbing business. You can offer incentives to your customers to entice them into referring others.
More so, designing marketing materials like business cards, flyers, and brochures that you can distribute to people is advisable. Social media advertisement is another trendy marketing scheme to utilize. Furthermore, you can partner with other companies like electricians, engineers, or contractors.
Challenges Of Plumbing Business In Nigeria
- High startup cost
- Unavailability of quality materials.
- High custom clearance dues.High competition among plumbing firms and companies.
- Heavy insurance costs
- Unfavourable international policies.
To Sum It Up
Skilled trades such as plumbing can never go out of demand, and the reason for this is not farfetched – more and more buildings will be erected over time. The plumbing business in Nigeria can be a lucrative and profitable venture to start-up, due to its vast market demand and on your ability to build a wide network. If you’re looking for a lucrative business to venture into, the plumbing business in Nigeria is a great option to explore.
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