Your plumbing business generates income through your services. It’s the simplest business model in the book; people pay for your plumbing services and you provide them. You can make a good living like this, but there are opportunities for more money to be made!
There can be periods where you don’t get as much work as you’d like, so it helps to have other possible sources of income feeding your earnings. Diversifying your plumbing business makes a lot of sense, and here are three of the best ways to do it:
Sell Plumbing Parts
Some people don’t like to pay for plumbers and prefer to tackle jobs themselves. That’s their decision, but you can find an easy way of catering to them. Get your hands on some plumbing parts or have some specially made. Sites like https://jdiplastics.com/ can introduce you to manufacturers capable of making things like plastic o-rings, caps for pipes, and so on.
Set up a website and sell these products alongside your services. It lets the DIY plumbers – and fellow professionals – purchase essential parts needed for maintenance or repair jobs. The other great thing about this is that you can offer to install the parts for someone, which helps you earn even more money with a service fee!
Create Plumbing Manuals
On the topic of selling products, why don’t you create plumbing manuals?
Look, you’ve got all the hallmarks of a great plumber. You’re the best at what you do, so share this knowledge with others. Think about some of the most common plumbing jobs around the house and create an e-book with step-by-step guides on how to do things like fixing a leaky faucet or stopping a toilet from running.
Sell the e-books for a small price on your website and you generate another stream of income. Alternatively, make books for plumbers to help them with their training!
Develop Great Content
If you don’t want to make an e-book, you can take your ideas and turn them into free content. You are literally reading a plumbing blog right now, full of free information for plumbers and regular people. If you start your own blog, you can draw people in with excellent content and make money from adverts, affiliate links, etc.
Or, do the same thing on YouTube and make video content – this is wonderful for showing people how to fix things! The additional benefit of developing content is that it works as a lead-generation tool. Your content draws in an audience and can convince them to hire your plumbing services or purchase any products you’re selling. This means more business and more money.
Try to avoid falling into the trap of relying on your plumbing services as the only source of income. When the demand for your services dries up, you need other ways of bringing home the bacon. Don’t be afraid to diversify and explore other ways of making money as a plumber.