Is Water Purifier business profitable?
Mineral water, as opposed to tap water, is safer and healthier. People have learned the need of drinking healthy water and the dangers of drinking contaminated water. Another significant contributor has been increased knowledge of the dangerous illnesses, caused by ingesting contaminated water, which has promoted the industry of mineral water.
But in this era of water pollution and high cost of water treatment, we need to understand the fact whether Water purifier businesses are profitable?
Profits that can be expected
The main problem in the Water Purifier industry is market penetration. Although we already know that the need for mineral water is high, diverting people's attention to your brand would be a difficult effort, but if successful, you can expect a monthly profit of Rs. 90,000 to 2 lakhs.
Consumers are worried about their health
Health-conscious consumers and growing knowledge of the benefits of drinking safe water, make things simpler for businesses dealing with mineral water and water purifiers, and it may result in a large number of profits, if done correctly.
In the case of a big water purifier, you might make more than 2 lakhs per month, if you run a firm with efficient machinery and high quality.
Water Purifier Manufacturing Business, with quality and well-tasted mineral water, nice packaging and appearance of the bottles, and a competitive rate, you may expect to retain a profit margin of 15% to 35%.
Factors that influence the profitability
Location: Your manufacturing unit should always have at least 1000 square feet of space. Another critical consideration is that, your location be nearby to a sufficient supply of water and power. It should also be close to your suppliers in case of an emergency demand for raw supplies.
Vocal for Local: The best strategy to develop the brand name or gain more attention for your business, is to encourage your people who live in your neighbourhood; this will help you create the initial level of word of mouth, which will result in a rise in your profit outcomes.
Required Area: A vast space would be required for storing raw materials, equipment, and for the manufacturing unit, to run smoothly in order to run a profitable Water Purifier business. Even a small-scale firm would demand a minimum space of 1000 square feet, for their production unit on average.
Know your product cost to find the actual profit in the end
Required raw materials
You'd need certain raw materials, just like any other firm, to serve as the foundation for your product quality. The many sorts of raw materials required for the Water purifier industry are listed below:
- Water purifiers
- Water filtration equipment’s
- Water filtration membranes
- Packaging Supplies
- Sand Filters
- Chlorine used in the chlorination process
- Carbon Filters
- RO Filters
Along with basic ingredients, you'll need a variety of equipment to assist. The equipment varies from beginning to finish procedures.
- Tanks for Storage
- Water Treatment Equipment
- Scale of measurement
- Miscellaneous apparatus
- Water filing machine
- Water Dispensing Stations
- Sterilizers, etc.
Water purification companies, also known as the water treatment company, is a terrific venture that you may start and grow to whatever size you choose, especially in this modern age with people's desire to keep healthy. We already know that humans cannot live a day without water, since water is essential for living.
As a result, there will always be a high need for cleaned water. Aside from the initial expense of setting up a water purifying firm, you spend less on day-to-day operations. This is because water, your primary raw resource, may be obtained at a very low cost, or even for free, depending on where you obtain it.
Manufacturers of High quality Water purification systems in India
Netsol Water is a prominent and top-rated Commercial & Industrial RO Plant Manufacturer in India. By industry leaders and start-ups, we are one of the best-rated commercial RO plant/Industrial RO Plant consultants, manufacturers, and suppliers.