- With a growing number of consumers, the water purification industry has opportunities for entrepreneurs to drive further growth.
- Starting a water purification business, your top priority should be recruiting, selecting, orienting, training, and counseling employees.
- Also, it is important to comply with regulations and invest in quality equipment to ensure the safety and purity of the water distribution.
Bottled water remains one of the leading commodities people consume worldwide.
According to estimates, the Bottled Water segment’s revenue in 2022 will reach $302.50 billion. The market is expected to grow annually by 8.03% between 2022-2026.
This is simply because bottled water is an essential amenity, so of course, efficient water service companies will never be out of demand. In fact, package drinking companies will generate per-person revenues of $39.74 in 2022.
This article will be an excellent starting point to help you understand a water purification business plan. If you want to break into water purification services and achieve very healthy gross sales, read along.
Table of Content
- List of Water purification services
- Why to start a water purification business?
- Roles and responsibilities of Water Purification Business owner
- Water purification business plan template
- How to start a water purification business?
- Let Upper help you reach your client’s location on time
List of Water Purification Services
Creating ideas for a water purification business can take time and effort. You can refer to the list of services below if you are new to the industry and need clarification on what you can offer:
- Bulk Purified water – Purified water typically comes from reverse osmosis, deionization, or a combination of these methods.
- Still bottled water – Bottled still water is the leading alternative to tap water. It comes in a range of mineral concentrations.
- Sparkling bottled water – Making sparkling water involves adding carbon dioxide. People often use it as a healthy alternative because it has fewer calories and less sugar than other sodas.
- Flavored bottled water – Flavoured water is a beverage with additional natural or artificial flavors, herbs, and sweeteners. Water purification is vital to provide safe drinking water for your community.
Why to Start a Water Purification Business?
There are multiple reasons why water purification businesses are the need of the hour and why you must start one.
As per Fortune Business Insights, the global water purifier market is set to grow from $30.62 billion in 2022 to $50.66 billion by 2029. So it’s a growing market, and you can ride the wave by starting your own business.
By 2026, 36% of spending and 9% of volume consumption in the Bottled Water segment will be attributable to out-of-home consumption. That tells us that your services will always be in high demand.
Also, a growing number of consumers are concerned about their health and the environmental impacts of using untreated water from rivers or lakes. This is expected to drive further growth of the market for water purification services.
Roles and Responsibilities of Water Purification Business Owner
As a water purification business owner, here are your roles and responsibilities:
- Your top priority is recruiting, selecting, orienting, training, and counseling managers. Communicate values, assign roles, develop strategies and define primary objectives, monitor results, and create incentives.
- You’re also responsible for fixing your pricing strategy and signing business deals.
- Your employees will look up to you for providing direction to your water purification business.
- You also need to create, communicate, and implement the mission and vision statement of your organization.
- You’re the face of your organization, so you’ll sign the high-level documents.
- Finally, you’ll evaluate the success of your organization and be responsible for formulating profit-boosting strategies. As a small business owner, if you’re the one managing the water purification plant, these will be your added responsibilities:
- You’ll oversee the smooth running of your water purification (industrial) plants.
- As a water purification plant manager, you’ll need to ensure that all equipment is functional and focus on preventative maintenance and repairs.
- It’s your job to ensure that your plant meets the safety and hygiene standards at all times.
Water Purification Business Plan Template
A well-defined plan relies on market research and stresses quality. It also helps you secure funding and start-up assets, fulfill an unsatisfied market need, attract customers, monitor start-up expenses, and prevents very expensive shut down.
Here’s an elaborate water purification business plan template using which you can create your own business plan.
1. Executive and company summary
This executive summary aims to summarise the critical points of this comprehensive business plan, saving you time and preparing you for the upcoming content.
An executive summary for a company includes:
- The business opportunity – describes the need for your services.
- Services – tell how your business will serve the market.
- The target market – represents the customer base you will be targeting.
- Business model – how your services create, deliver, and capture value.
- Marketing plan and sales strategy – describe how you will market and sell your products to a potentially unsatisfied market.
- Discuss your competition and how you plan to gain market share – how can you differentiate yourself from your competitors, i.e., what do you offer to customers that nobody else can?
2. Services offered
The products and services section of your business plan should include a description of the products or services you are offering or plan to offer.
You should explain how your products and services will be priced and compare the products.
Your product and service section outlines your product or service, why your market needs it, and how it will compete with other businesses selling similar products and services.
3. Market analysis
Market analysis is about figuring out the needs of your target market, whether the existing products on the market meet those needs, and what competitors are doing to meet those needs.
You’ll also want to figure out how much people in your industry make per year, how fast the industry is growing or shrinking, and what kind of barriers exist for new players entering it, so you can decide if the environment is suitable for your business idea.
Essentially: Market analysis helps you determine if there’s an actual need for your product or service.
4. Human resources plan
The importance of a solid human resources plan cannot be overstated, especially in specialized industry sectors. A business needs the right people to do the jobs, and you need a solid plan to hire the right talent.
A well-executed human resources business plan will help you attract and retain talent, which is essential for any company looking to grow.
5. Financial Plan
A financial plan is not just a list of numbers and projections. It overviews your current business financials and the direction they are progressing in.
Your financial plan will help you set realistic expectations regarding the overall costs and success of your business. You are more likely to be prepared for any eventuality, whether a crisis or incredible growth if you know your financials inside and out.
6. Marketing strategy
Starting a business, ensuring quality service, and promoting operational efficiency are undoubtedly necessary. But you’ll struggle with reaching your ideal consumers if you don’t have actionable marketing and business strategies. To ensure your business thrives, create marketing strategies that increase brand visibility and keep bringing quality leads.
How to Start a Water Purification Business?
Follow these steps to start a water purification business:
1. Use the business plan template for your water purification business
A comprehensive plan is essential for new water purification business owners. This plan should include all aspects of the company, including start-up costs, funding, and day-to-day operations.
New business owners also need to be realistic about their goals and expectations. Finally, it’s essential to have a solid understanding of the competition.
Businesses with well-thought-out plans are more likely to succeed.
2. Form the legal entity
When starting your business, you must know what kind of liability exposure you want and your company goals. A sole proprietorship may be enough if you sell to limited consumers.
But a corporate organization or LLC may be better if you want more protection or to grow the business.
3. Obtain permissions and business licenses
If you’re looking to start a new business, it’s important to remember that specific licenses and permits are required by law. However, this varies depending on the type of water purification business you’re looking to start and where your business will be located.
Contact your local business licensing office or chamber of commerce to find out which permits and licenses you need.
4. Purchase equipment
The most critical elements of starting a water purification business are equipment, tools, and supplies.
You’ll need some things for everyday use, like wrenches and screwdrivers, but you’ll also need more specialized items, like meters or pumps. And remember your safety equipment. You’ll want to ensure you have all the protection you need when working with chemicals or other hazardous materials.
To ace this step, document everything you might need and research different suppliers that fulfill your requirements. You can also consider renting equipment you won’t regularly require; buying expensive equipment that you wouldn’t use frequently doesn’t make sense.
5. Market your services
Now that you’ve built your water purification business, it’s time to get it out there and start generating revenue. Your own sales force will prove most helpful here. Start with building a brand identity to stand apart from your competitors, reach monthly sales target, and keep sales growing gradually. This includes naming your business and creating a logo and color schemes to remain consistent across social media platforms. It is branding that helps you charge a premium price and stay afloat in economic downturn.
You can then work on creating a website for your business with all the details. Finally, it’s time to create a launch strategy for such a niche product—leverage word of mouth via friends and family, social media shout-outs, and influencer marketing. Advertising in local newspapers, paid ads on social media, yellow page ads (local directories), and more are also game changers for your high purity water business.
Let Upper Help You Reach Your Client’s Location on Time
Now that you know how to create an elaborate business plan, let’s discuss how you’ll fulfill all your orders.
With Upper’s route planning and optimization software, though, businesses like yours save 10 hours per week and get more deliveries done on time. You’ll get more done, and your customers will get all their fresh water right when needed.
With Upper, you’ll get the most efficient routes for your bottled water delivery.
- Your drivers can take advantage of the shortest routes as per specific constraints, driving preferences, time windows, and more, so you’ll always deliver on time.
- You can mark your shipments low, medium, or high as per priority. You can also add multiple stops and details such as service time, importance, or other notes for your drivers to manage their jobs better.
- Upper sends automatic notifications regarding the ETA of delivery to your customers to save your drivers from failed deliveries. It helps them get more deliveries done and ensures items safely reach the end customers.
Try the 7-day free trial today.
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The water purifier will cost around $2,500. The cost of installing new plumbing lines and connections will be $195. Water softener treatment will cost $1,500. The total cost comes to around $4,195 approximately.
The 5 Types of Filters are as follows:
- Mechanical Filters.
- Absorption Filters.
- Sequestration Filters.
- Ion Exchange Filters.
- Reverse Osmosis Filters.
Water treatment steps often used in water systems include:
A purification plant is a water system that treats or improves water quality by complying with the state board of health standards. The purification plant can be a stand-alone facility or a portion of a more extensive system.
Water purification for the bottled water industry is brimming with opportunities. The demand for convenience and high disposable income is driving the consumption of bottled water across the globe. However, you need a comprehensive plan for overall company success. A business plan will help you set realistic goals and expectations, and you can use this plan to get an edge over your competition.
To further grow your business, invest in robust route planning and scheduling software like Upper so that you can provide your services to your customers in time and ditch poor or slow servicing. Try the 7-day free trial today.