A WELL DRILLING BUSINESS
(Page 4 of 5)
$$$ AND ¢¢¢
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If you do set yourself up in business with Piper Hydro's
EXPLORER 2000 (or with the bigger 3000 model described in
the chart that accompanies this article), you'll probably
soon be in the enviable position of being able to charge
less-yet make moremoney than your competition can! Skip,
for example, charges $6.50 a foot for four-inchdiameter
wells, while most of his Alamogordo area competition asks
$8.00 a foot. (Before Piper came along, the local prices
often went as high as $12.50 a foot!) Yet-while the other
drillers have so many loan, insurance, upkeep, operating,
and labor expenses that they operate on a fairly slim
profit margin-Skip clears $5.00 a foot . . . after
expenses!
Now stop and think about that figure for a minute. True,
standard well drilling charges do vary widely around the
country (our research shows that such costs range from as
little as $6.00 a foot to over $20.00) . In addition, the
depth of wells will differ from one area to another (with
the average depth being around 200 feet). But if you can
make the same margin of profit-where you live-that Piper
does, then every time you spend a day drilling a 100-foot
well, you'll clear $500! If you drib only one such well a
week, you'll earn $26,000 a year!
BUT IS IT RIGHT FOR YOU?
So now you know why we say well drilling with the EXPLORER
2000 can be a great home business! But-before you hop on a
plane to Alamogordo- check out your area and see just how
open (or closed) the well drilling market is.
How can you find such information? Skip says, "Simply phone
a few local drillers, ask what they charge to drill a well,
and then find out if they can do it tomorrow . . . if they
can't, there's probably plenty of business around."
Roy, though, likes to add some additional words of advice:
"First," he says, "find out whether your area is experi
encing some domestic growth. For instance, the outskirts of
expanding cities, or rural land that's being split into
smaller parcels, will provide good possibilities for a new
drilling business. Then call up your County Extension Agent
or Department of Water Resources and learn the local ground
water conditions . . . because-who knows?-you just might
live in an area where people can't find water unless they
drill to tremendous depths. Better yet, phone a local well
driller and ask about the 'worst case' that he or she has
encountered. You can be sure that conditions can't possibly
be any more discouraging than what that expert will
describe!"
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