If you’re looking to go into a business that’s never going to go out of style, why not consider water? Getting into the industry and starting a bottled water business is a great way to hop into the world’s most enduring industry — and one that is full of business opportunities.
The bottled water industry is worth billions of dollars, after all. How can you get in and get your own cut of the pie? It doesn’t have to be overly complicated.
Read on and we’ll walk you through the basics of starting your own water bottle company.
Consider Startup Costs
The biggest obstacle you’ll need to break into the water bottle industry is getting the initial finances together. There are a lot of initial investments you’ll need to make in order to get your water business together.
What kind of costs will you need to budget for? Most water bottle businesses will need to invest in storage tanks, water treatment machines, filters, sterilizers, and dispensers, just to start.
Then there’s the actual production of bottles, the trucks, and the labor you’ll need to factor in as well. How much might you need to raise to launch even a small but functional operation?
It’s safe to say that $500,000 would put you at the lowest possible entry point, but you may end up needing more than a million dollars to truly get started.
Other Concerns To Manage
What else needs to be on your mind as you start a water bottle business?
Don’t forget about all the legalities you’ll need to get in line with. In order to sell your bottled water, you are going to need to get a permit and license from Food and Drug Administration, which is a federal agency.
The state in which you do business will also need to look into your company. You’ll need to get approval from their health department in order to sell your product to the public.
In order to get approval, you’ll need to have an incredibly solid presentation and an idea of what you’re going to do as a business. That includes all products that you might consider selling, from bottled water to a chilled water blanket.
A smart business owner will have a thorough and detailed business plan put together before a cent is even raised. This business plan should outline your budget, intended practices, and hopeful profits.
It should break down how every element of your water bottle business will work. You can then use this document to raise funding, apply for permits, and as a personal blueprint to reach your goals.
Opening a Bottled Water Business
Wouldn’t you enjoy being the owner and operator of a bottled water business? You can turn this dream into a reality by following the steps that we’ve outlined above. You can be up and running in no time.
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