Statistics say that an average commode lasts only a decade, so.a replacement is inevitable. This makes plumbing a profitable very profitable business because the demand is always there. In fact, the development of the real estate industry and hotel industry has given an incredible boost to the sanitary ware industry.
But the sanitaryware industry is a dog eat dog world and carving out a niche for yourself is a tight rope to walk.How to start?
Start by researching the industry. Plumbing items can be anything, a bare necessity to an exuberant luxury. Carefully plan to find out your target buyers and dealers. It is good to start with the average buyer and offer them mid-ranged products.
First hand experience-
Gain a little first hand experience in the sale and purchase of the plumbing items. You can either take an internship in a reputed company or take a job in one of the leading companies to study the industry closely.
This will also help you find out the inclination of your target buyers. You will also understand who dominates the industry and why? Utilize this opportunity to establish connections in the sanitary ware arena.
Invest in your business-
Always make a point to invest in your business. Don’t buy cheap sanitary products to save on the capital. In fact, try to invest in the best quality available in your range.
As a nascent venture, the quality of your products is your introduction to your clients.
These are not money mantras but these points will definitely help you to make a name for yourself even in cutthroat competition. Always remember, quality is never out of fashion.