How to Start a Moving Company ($187K/Year)
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- Опубліковано 14 жов 2024
- There is a MASSIVE NEED for a Moving Company because people are always moving and usually do not want to do it themselves. Even as a side hustle, you can make a ton of money.
How much does it Cost:
Moving Equipment: $500
Insurance: $1,000
Website with scheduling: $1,000
**You don’t need your own truck, you can rent one as long as it is less than what you are charging to move***
START UP COST: $2,500
HOW MUCH CAN WE MAKE/CASHFLOW
Average Cost to hire movers: $1,300/day
Average Moves per week = 3 $1,300/day = $3,900/week = $15,600/month = $187,200/year
CASHFLOW:
Cost of Moving truck per day: $100
Cost of Helpers: $15 an hour * 2 workers = $30*8 hours = $240
Gas: $100
TOTAL COST Per move: $440
$1,300 - $440 = $860/day *3moves = $2,580/week = $10,320/month = $123,840
$123,840 - $2,500 start up = $121,340 Gross Profit.
Positives of this business:
Profitable
Always needed. Moving
Think of ways it will fail:
SALES/MOVES: Local SEO, local marketing, signage.
Quality: Not destroying customers things.
Showing up on time: Scheduling being organized.
Legal Up
LLC
Insurance
Commit to Starting
#businessideas #startup #entrepreneur #entrepreneurship #business #businessowner
Thank for this! I have been nervous to start my own company. This definitely helps me want to push. Been in moving industry for 6 years.
You got this! You will thank yourself in a year!
I learning to run a company so boss can take days off - I'll take all the help I can take
@@DJ_StarTrak that’s awesome! You can do it.
I recently came across your video while searching for advice on generating leads. I was pleased to discover that I had already implemented the strategies you discussed, even before watching your video. This validates that your approach is spot-on and highly effective
Heck yeah!! Business development is pretty much the same across most businesses. It’s taking the action that is the hard part.
Everyone in the comments saying “its not that easy” or “what about….” are just dead wrong. It really is that easy. You professionalize things as you grow. Even as someone who has gone through painful audits, dinged for not having the right licenses etc. my advice is still to get started, get money coming in, and figure it out from there.
Exactly, great advice. So many people want to think of every little tiny thing when starting a business and then they never start. At some point you get started and you figure it out.
You made it too easy. Actually, it's not easy. In washington State, you need a license for moving company. To get the license, you will need a truck and insurance under your llc name, and then you can apply . It will take you several months to get the license.
Sounds like a rough state to start a business in!
Doing that right now. A lot of hoops to jump through
@@nate_indiana_jones Well it is an extremely leftist liberal state, so it does figure!
@@darrenleaguecity unfortunately all the blue states are rough
Truck rental plus mileage. O yeahhh...that easy. Not including insurance just for the truck. Minus gas and the extra worker. Not including tolls. You gotta charge more or might as well work for someone elses.
Yes, definitely a lot of moving parts here
It’s pretty easy and worth it if your charging correctly and for the gas, made 1k yesterday renting out a uhual paid my partner $22 an hour. The job itself was $1500 minus the expenses I was left with $1100, my problem is generating leads.
I have been working on doing this as of 3 months ago, but some how I got a quote for insurance for to pay up front $21k a year !!!! thats so high. Rather do few more moves than pay it up or find another insurnace company
Yeah the insurance market for moving companies is hard.
I started with junk removal, to save money for the insurance. Once I got the insurance I started doing more larger moves. Try that out hope it helps.
good point. the insurance will allow you to work with the big movers. @@seanandshudean8613
Canada or USA?
insurance is 1,000 a month
Depends on the state
So, why would someone work for $15/hr doing hard labor when they could just contract through uhaul and make a lot more….?🤔🤔 Lots of jobs paying more than that that are much easier and require no education or experience. You can drive for Amazon for $20-25…🤷🏼♂️
You definitely won’t be getting good labor. A lot of people may have been fired from Amazon or can’t pass the d** test.
Bro... Half the people applying for a moving jobs are either junkies, illegal or straight crazy 🤣🤣
Hey Nate Ian interested what insurance do I need if I rent trucks
The rental company might offer some insurance for you. If you are renting a truck on a long term basis I would get a commercial auto policy. If it is short term, I would buy the insurance at the rental company.
You’re gonna need auto cargo workmen’s Comp. general liability for house damages it’s not that simple this guy just wants to make content
After getting that you will be able to apply for a household movers license if you do not have one eventually yours and State will find out and make sure that you get one
Before that you have to buy a EIN And a DOT for your truck a DOT number that is purchased from your state
This man runs an insurance company he can sell you for different insurances doesn’t really care how moving companies work or if you make it or not by his insurance
Do you know if uhaul has a limit on how many times you can rent a truck a week?
I don’t believe there is a limit if you pay!
why dont you just call them
minimum
Depends on the state
People pay $1300 to move? goodness. That seems like a lot
Rich people pay $2-$3K to move. It’s nothing when you make $300K selling your house
@@nate_indiana_jones I guess I'm thinking more about people moving out their one bedroom apartments
Yeah those people aren’t paying for anything 😂😂
Well it depends on the size of the move and how long is the travel time
I don’t want to move it I just want to pull up u load I’ll come to where u need me
Hmm interesting business model. Is it working?
Then you need two porters/ helpers at £12 an hour so your cost is £240 for the day and you can charge £800. Minus the petrol and food costs, you left with 500 profit
American moving companies to arabexpo moving a emaar dubai hills estate 2024
What are you saying?
This guy don’t have clue
How so? What is wrong?
Firstly, in the state of Florida, it is mandatory to register your moving company with the Department of Agriculture. This registration fee amounts to $1000. Additionally, it is essential to possess comprehensive liability and cargo insurance in order to obtain your IM #. The legal requirements for starting a moving company can be quite extensive, including an estimated cost of around $25,000 for proper compliance.
Thanks for sharing, I appreciate the feedback. Every state is different so it is hard to make a summary video.
😂😂😂😂😂 😅😅😅😅
Glad you enjoyed the video 🫡