Can Plumbing Make You RICH?
Plumbing may not be the career you first think of when picturing yacht-buying luxury, but it can certainly provide a comfortable lifestyle - or even set up some hardworking individuals for financial freedom. If becoming filthy rich is your goal, let us explain how plumbers make serious cash and become millionaires!
Plumber Pay
If you're a plumber, you have lots of options when it comes to getting paid - from the typical hourly or salary rates to more unique arrangements. For instance, many plumbers get both an hourly wage and percentage-based commission on jobs they complete - so if my buddy Bill here installs a $2K water heater in just four hours, that's not only his usual rate of pay but also 8% of the job cost added in there! Plus with union scale at around $32/hr plus full benefits packages for members and open shop folk earning anything between 18-200k per year – sounds like plumbing could be one very lucrative career choice indeed!
Right now if you Google search the rate of pay for plumbers, the high end earners are earning upwards of 80k-100k per year while the on the lower end it ranges from 30k-40k per year. What separates these two plumbers is experience, resourcefulness, and absolute professionalism. I don’t care if you’re a you’re fixing toilets or landscaping - the reality is that there are low earners and high earners in every discipline. Plumbing, if you take it serious, if you’re committed, can earn you a living and so much more!
Master Plumbers
For ambitious plumbers out there, training and growth is the way to increase your pay! And if you want extra job security - taking a master plumbing certification really pays off. Becoming a responsible master plumber also unlocks great opportunities like the ability to own and operate your own company. Plus it's just super inspiring seeing people go from apprentice to mastering their craft...it shows they're passionate about learning and bettering themselves everyday! It all comes down to creating an environment where everyone grows together, so don't forget: rewarding those who strive for greatness goes further than any paycheck ever could.
Starting Your Own Plumbing Business
Starting a company of your own is really where the money is at. I believe Starting your own plumbing business can be a great investment, but it's important to make sure you have the best systems and processes in place for optimal success. This way, customers will get quality service each time they need their pipes fixed - which means everyone wins: from loyal patrons to trusty employees! Plus, having solid procedures also helps protect your brand’s reputation so that plumbers everywhere can enjoy increased profits over time.
Conclusion
Plumbers can make great money, with licensed plumbers making anywhere from $50,000 to $150,000 a year. Master plumbers can make even more, and if a plumbing company can get each truck doing $300,000 a year with a 10-15% profit margin, they can make a lot of money. With so many options available to get paid as a plumber - it really pays off (pun intended) to do your research and explore what will work best for you. If you're interested in getting into the trades, be sure to check out The Trades Academy for more information.
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