There is no denying that its going to take more work than purchasing an already-existing bottled water business, but it pays me off more in the long run. The fact that the entry barrier for starting a small scale bottled water production business is low means that there is bound to be more players in the industry no matter the location you choose to start yours. Affordability, availability of labor and safety are also some of the factors that you should consider. Companies in this industry usually have an assortment of water offerings, such as spring water, mineral water, sparkling water and flavored water in a range of sizes and prizes. These businesses are known to make money by charging customers for processing and bottling potable water. Any company thats doing a good job in its bottled-water campaign will start selling its franchises to bigger competitors or those looking for investments. The bottled water business is a daunting business to get into without having a clear framework or plan to follow. The meetings could be daily, once in a week, twice a week or once in a month. Do you want to start a bottled water company? There is hardly any industry or line of business anywhere in the world where there is no competition, as a matter of fact, it is competition that brings creativity and innovations in the business world. Starting a bottled water company requires among other things: Chances are you are sitting in your home or office and you have none of those things. As regard acquiring a facility, if you have the required finance, it is to your advantage to acquire a property or lease a facility to be used for your bottled water production plant; it usually gives you the freedom to design the facility the way you want to it to be and install safety gadgets as you so desire. There are only a few businesses that lack competition. These are some of the catchy names that you can give to your bottled water production company; There are various certification courses that exist, it is however important that you find that which tallies with the bottle water production company. You aren't instantly going to negotiate the per bottle cost down to pennies. In addition, utility costs can also be exorbitant, due to the process of purifying and bottling water. Bottled water is one commodity that is consumed in all parts of the world and of course those that are in the business of producing bottled water are known to generate sales year in year out if the business is well managed. Get the Necessary Professional Certification, 12. Other key components that should not be missing in your bottled water production business plan are your product offering, bottled water SWOT analysis, marketing and sales analysis / strategies, pricing, costing and financial projection, management techniques, expansion strategies, publicity and advertising strategy, budget and start up capital generation et al. All you need to do is to ensure that your bottled water is packaged is affordable and packaged in different sizes and of course different prices. You can also make uses of promotional ideas such as loyalty schemes, direct marketing, door drops, and merchandising. It is very important to reward excellent performance in your organization; it will go a long way to encourage healthy competition in your organization. Contact Dragan, How to Start a Successful Plumbing Business, Tablet and Business: Ways You Can Use a Tablet for Business. Here are some of the leading brands in the bottled water production industry in the United States of America; Starting a bottled water production company cant be said to be a difficult business venture but at the same time, it is a business that requires thorough economic analysis feasibility studies and market survey et al if you are looking towards making profits in the industry. Experts project the bottle water production industry to grow at a 4.0 percent annual rate. For example, a client that is celebrating his or her birthday may strike an agreement with a bottled water company to specially label the bottled water that will be served in the occasion to conform with the occasion. When it comes to creating a workforce structure for a standard bottled water production company, then you should look towards getting qualified and competent people to fill the following roles; Chief Executive Officer (Owner), Plant Manager, Human Resources and Admin Manage, Merchandize Manager, Sales and Marketing Manager, Accountants / Cashiers, Production Workers / Machine Operators, Distribution Truck drivers, and Cleaners. Brainstorm Possible Ways to Retain Clients & Customers, 19. Lastly, ensure that you offer your customers incentives if you want to retain them and of course continue to generate repeated sales from them and also to attract new customers. This doesnt mean that improvisation or niches dont exist in the industry. Good enough bottled water production business is one of those businesses that sell franchise; brands that have gained huge market leverage can successfully sell their franchise. However, if you intend starting it on a large scale, then you should consider spreading beyond your local community to state level and even national level. Even though the number of businesses joining the industry is increasing, the growth is constantly on the rise with minimum odds of stagnation. Well be providing you with a guide that should help you hit the ground running. Part of what you need to do is to ensure that you create time for office meetings; a time where challenges, feedback, projections and relevant issues are discussed. You are expected to choose a location that is easily accessible especially as it relates to your distribution network and supply of raw materials et al. Choose a Catchy Business Name from the ideas Below, 11. It is important to state that there are larger corporations who are into bottled water production and also there are medium scale and small scale business that are also into bottled water production. Starting a Bottle Water Plant License, Permit & Insurance, 50 Catchy Bottled Water Business Name ideas, How to Write a Bottled Water Production Business Plan [Sample Template], Bottled Water Business Plan Financial Projection Sample, Bottled Water Business Plan SWOT Analysis, 2. Even if we were going to hit your price target, whatever that may be. Stop, you aren't going to start a bottled water company. Do you have storage space? Research conducted by IBIS World shows that in the United States of America, the level of concentration in the Bottled Water Production industry is modest, as the top four players are expected to generate 65.5 percent of revenue. But you can be rest assured that the industry is highly regulated and you are expected to meet the required standard as stipulated by the regulating establishment bit at local and national levels. Production companies in the bottled water industry basically purify bottled water into plastic and glass bottles for consumption. This is where local and small businesses can get a piece of the pie of the bottled water industry, in addition to dispenser-used bottled water. Liability insurance, health insurance, unemployment insurance, 401(k) matching and administrative services, and workers compensation insurance can cost you tens of thousands of dollars per month. Here are the platforms you can leverage on to boost your brand awareness and create corporate identity for your Bottled Water Production Company; As the chief executive officer of a bottled water production company, it is your responsibility to give direction to the business. Why Should You Include Drink Bottles in Your Promotional Strategy. Water is one of the most valuable resources humans have. You will need about $500,000 U.S. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp), 10. Lastly, you should keep your doors open for suggestions from members of your team and your clients. We offer three sizes of bottles that can be bought by the case so if you are in the planning stages of starting your bottled water company you have the flexibility to order a small amount of product before you commit to having a truckload show up at your house and filling up your garage and driveway with pallets of bottled water you more than likely won't be able to sell. Do you want your driveway to look like this? It depends on what you want and the type of business model that you intend building, you have the options of either choosing a limited liability company which is commonly called an LLC, a C corporation, or an S corporation. Its quite understandable why the major economies of conglomerates are more suited to dominate such a line of business because of the bulk weight and the required complex transportation network. A production space and storage space for the bottled water. "I have this great idea." Before you can be permitted to operate a bottled water production company both in the United States of America and in other parts of the world (developed world most especially), you are expected to apply and obtain certain certification or permits as the case may be. Players in this industry are also involved in the manufacturing of ice. Some of the factors to consider are the cost of starting from the scratch or buying a franchise, your financial capacity, your vision, and your business skills and experience. This will more or less depend on location and the geography where the market belongs. Growth potential in this business is more or less unlimited. According to experts, it takes about 1.4 gallons (5.3 liters) of water to produce a typical single-use bottle of water or soda bottle. No doubt one of the strategies that you would need to employ in order to generate repeated sales from your customers and also to retain them is to ensure that the quality and taste of your bottled water are constant and does not fluctuate. Develop Iron-clad Competitive Strategies to Help You Win, 18. The Bottled Water Production industry is a thriving sector of the economy of the United States of America and they generates a whooping sum of well over $5 billion annually from more than 565 registered and licensed bottle water production companies scattered all around the United States of America. Get more from Dragan on Twitter. Proof of ownership, proper identification and vehicle license et al. When you decide to start your own bottled water business, you need to be quite aware of the regulations, risks, and responsibilities youre going to take on. The store will not work correctly in the case when cookies are disabled. The truth is that you are not expected to compete amongst bottled water production companies in your city, but also international and world class corporations such as The Coca Cola Company, Pepsi Co and Nestle et al. Basically what most standard bottled water production companies rely on to increase sales cum revenue generation is robust distribution network within their coverage areas; retailers, restaurants, sports clubs and hotels et al are some of the key business entities that you should partner with if you want to do pretty well in this line of business. These are some key factors that you should also consider when drafting your business plan; You are expected to write about the concept of your business, descriptions of your company, your companys vision statement, and mission statement, where your company will be located, your management team, your investment philosophy and perhaps why people should patronize your products or services.
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