HOW MUCH MONEY DOES MY DUMPSTER BUSINESS MAKE???
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- Опубліковано 25 тра 2020
- If you are interested in a free demo of the software we use to take our dumpster business to the next level with websites, SEO, CRM, and online booking all in one place for an affordable monthy fee click the link below!!!
www.yourdocket.com/lifes-appr...
If you are interesting is consulting for the dumpster business email
wjustin1021@gmail.com
Great video! Thank you for posting! Have been thinking about the dumpster business for some time. Your video is the best one I've found yet
Glad it was helpful!
Thank you for taking the time to make this video. You continue to inspire me as I’m very interested in getting into this type of business. I also appreciate your transparency.
THANK YOU!!! GO DO IT!!!
Awsome thank you for breaking the business down. Take care stay safe
thank you! you too!!
The best break down I have seen. Thanks!!!
thank you
Beast bro the transparency is appreciated and looking good man keep it up 👍
thank you!!
That was a very great breakdown. Thank you Sir.
glad you liked it!!!
Another great video! Thanks for the information.
Thanks for watching!
Good stuff brother thanks for sharing!
Thanks for watching!
Good job at making the videos dude
Great video, very well done.
Thank you very much!
Great job!
Hit the spots no1 thinks of anymore
Thanks!
Good on you bro! I have been trying to gather cash in order to do this as well.
You can do it!
Great job!!
THANK YOU!!
Great video. In the future maybe turn around and face the light. That will lighten up the picture as a whole and use natural light vs artificial light. Once again, great video and info.
thanks for the video bro!!
No problem!!
Awesome vid man, this is inspiring. You break it down to show $100k per year is doable. And in fact, very doable.
You can do it!
Great infor
It's a great business!! I'm also in the dumpster business. We run two roll off trucks best thing I ever did. Sky's the limit once your established and you have contracts with builders contractors your laughing. Keep it up your doing great and you just started!!!!
thank you for your encouragement! sky is the limit!!
Great video man. Thanks for breaking the revenue and profit down. I'm definitely getting started in the Dallas area with junk removal and dumpster rental. I'm picking up my first dump trailer tomorrow and June will be my first month of operating. May God continue blessing you brother!
go get it!!!! if you ever have a question ask me i will give you my best answer. put the time in and you can do it! it may be a struggle at first!
@@Lifes_Apprentice Will do. Thanks!
@@DavidG74 how is your business going in the dallas area? Looking to get started in the metroplex also
Great content.. I did the same to get my bottom line and it shows profit..
Keep it up
This is like my 3rd video and I just subscribed today September 28, 2020
well thank you for subscribing! i have alot of videos for you to watch!!
Great Information
Glad it was helpful!
I’m your 1,000th sub!
that is awesome!!! thank you!
great video thanks for all the info and appreciate the transparency. I agree that is important the factor in labor to figure your true prophet even if you're running the dumpsters yourself because eventually you just want to pay someone to do all the deliveries. A question though I notice that you have two roll off trailers do you actually need two roll-off trailers for 14 dumpsters or was one originally bought as a backup from the old owner
the reason is for a backup. it will come in real handy when i get another truck. id say one truck could handle 20 dumpsters depending on the day but some days are just super busy and other days theres nothing
would really be insterested in a follow up video to this being that year end is coming up. It would be cool to see the breakdown of the busy and slow months and how they all averaged out. Great stuff as always!!
Coming soon!
@@Lifes_Apprentice looking forward to it
@@livingingreenvillenc6904 i made my one year video! check it out
I know you will be a multi million dollar business! Great info I’ll be fallowing your progress! I’m in trucking now and this will be a side business I will be starting soon. We will be in the twin city area so kinda close to you.
One question how big of a service area do you work (how many miles is normal for you to travel away from home base) and what is the population of town/ city you serve? Thanks
i live in oshkosh, wi and we operate out of fond du lac, wi both towns of about 70 thousand we travel about 40 miles from our area and will go further but we add charges over 40 miles
Man that's awesome! Thanks for the break down of the expenses versus income. Hey what about the tax burden? Is that factored in? Getting closer and closer to pulling the trigger here and your vids are really helping that. Thanks again man.
taxes are a touchy subject!!! i have a great accountant. taxes will be a factor but having debt and alot of write offs like buying new dumpsters help. also have alot of depreciation with a new business. i would guess we pay no taxes even though we make money this year
@@Lifes_Apprentice I agree. Reinvesting into the company should offset a good little chunk of what Uncle Sam takes. At least we hope so.
@@The-SKYS-The-Limit IT DEFININITELY WILL!!!! my goal is to grow the business and not pay taxes. the business will be worth way more every year assuming you do that. you will also pay less taxes if you pay yourself the profit and take it from business. in general, and this varies but the business will pay 30 percent on profit and an individual will pay 10 percent. this is a general rule of thumb
Dropping off my first dumpster tomorrow!!!🙏🏼😎
that is awesome!!! congrats!!!
Life's Apprentice I’m on dumpster 4 & 5 now, this was just supposed to be a side hustle. I’m thinking it’s gonna turn into a lot more.
@@northtexasdumpsters9148 IT CAN BE WHATEVER YOU MAKE IT!!!
Hey northtexasdumpsters how are you doing now thinking about getting into to this myself
cjkiller1999 taking off faster than expected, I’ve had to go buy another dumpster already and looking at buying more soon.
Not bad for fuel
We’re TraveLinG thE saMe EntrepreneuRiaL highwaYs Brother! WiLL SuB to Your channeL...THA JRE 🙏🏼👊🤣
Hey man if u had time to talk I have a few questions on your dumpsters how much to charge
What’s the average size you use? Is a 12 yard can pretty good or should I go bigger?
we have 15 and 20 yard but 12 is a good size
Are you selling those dumpster to your roofing projects or are they sold outside of your business .
i use dump trailers for my roofing. its much easier in my opinion! all the dumpsters are sold outside my construction business
Is there a scheduling and tracking program or app available for this business? Do you currently use some sort of program?
i am learning a couple different programs right now but dont want to talk about it until i understand them a bit better. there are quite a few out there..
Where do you buy the stickers for the dumpsters at?
a local printing shop near me
What would your storage fee be ? And did you add that to monthly cost
the cost is not added in this video but it costs 200 a month
Credit card fees? I’m assuming that you take card payments. What percentage are they charging?
we use a square and they charge 3%
How many dumpsters do you own total? Or at least at the time of this video how many did you own to create 39 sales? I'm wondering what type of volume I can expect if I start out with three roll-off dumpsters. I have budgeted enough money to purchase the trailer and three roll-off dumpsters without a loan. I will use the subsequent income to purchase more dumpsters in the future unless it looks like it's going to be worth it to go ahead and buy a couple more up front.
i own 16 now at the time of the video it was 13 or 14... im figuring an average turnover rate of 10 days per dumpster which means ill sell every dumpster 3 times a month. when you have a few dumpsters and business is going good you can try and turn them faster to make more profit. it sounds like you have a good plan in order. go get it!!!
@@Lifes_Apprentice that's a solid estimation. I have an opportunity to go in and I'm working on projections. It's tough to project because renting cans for residential customers seems much different than renting cans to contractors.
@@ChattanoogaDan contractors are an easy sale in most cases but thier dumpsters are in general going to be heavier and they always want to keep them for longer than you will like. you will find this out at some point because you will have to rent to them at some point...its inevitable i would try to avoid this as long as you can
Do you feel it would be easier with a roll off truck instead of trailer set up??
i think in the long run the roll off is the way to go. way more efficient and less tires to fix less registrations less hassle overall
Hey bro I inherited my dads roll off truck and 5 dumpsters was thinking bout selling ..but you inspired me keep it thanks
I would like to start a dumpster business but i dont know if it would work out. there is no one around here that i know of that does it, and what few roll offs ive seen around are from out of this area (southwest VA). should i just take a plunge and try it? should i start with utility trailers with high sides? i only have a half ton truck so a dump trailer is almost out of the question for now
you can definitely start with a trailer and start selling them to feel out the market. we live in a pretty rural area and plenty of people need dumpsters. if you are serious about the business you will want to get into dump trailers or roll offs eventually
@@Lifes_Apprentice I believe I am going to give it a try possibly next year. I found aluminum dump trailers (didnt know they existed) and i know they are very expensive, but if i dont beat it to death it should last me a long time. a 6x12 aluminum dump weighs half as much as a steel one same size but is double the cost. I should be able to safely tow more weight with a lighter trailer like that i hope
@@BioHazardra do the research on your truck and what you can do to tow heavier loads like upgraded engine cooling and stiffer leaf springs
Is your biggest customer, your roofing company. And are "cans" residential bins or dumpsters
we very rarely use our dumpsters for roofing. we use a dump trailer 9 out of 10 roofs. our dumpsters are all roll offs not residential dumpsters
@@Lifes_Apprentice makes sense to me
$480 cell phone monthly bill. Who you calling?
it should have been $48
Connor MacGregor is renting dumpsters?
How many dumpsters did you have in that first month (April) ??
11
im the same way, but lets talk about all the haters and hate you get when you make it.....it only motivates
You dont spend on advertising at all? Like google ads
we are spending money on advertising now as we grow and get more dumpsters but at this time we did not need to
How long should I get my dump trailer to start off
not sure what you are asking?
The size and more useful dont want to get a size that I'm not going to use
Imagine paying off all of that debt and depositing all of those loan payments into an investment retirement account.
that would be very nice! i have several. growing this business is another form of a retirement account in my mind
What about income taxes ?
income taxes are not included because we will not actually be profitable because we have reinvested all of the profit. depending on how you spend the money the taxes will be a factor. anywhere from 10 to 30 percent
Sorry if I missed it but how many dumpsters you have?
i believe when we filmed we had 14
@@Lifes_Apprentice that's a lot, thanks for the reply
My Question is how about the taxes to uncle Sam and do u give benefits to your employee workers COMP etc ??
yes we have workmans comp on employees and taxes are pulled for employees mothly. this is our first year so we have to pay a baseline federal and state tax every quarter. since we have started we have heavily invested in the company which means we will most likely not show a profit this year. i would imagine we will get a tax return based on the money we have paid this year. my goal is not to make money the first few years as silly as that sounds...my goal is to grow the business
$5000 a year for maintenance??? What are you driving a Ford??
driving alot of miles is expensive
do you need to get us dot numbers for the trailers? i just purchased a 7×14×4 dump trailer and i dont know if i need a us dot #. im in GA and its a bumper pull with a Ram dually 3500
yes you need DOT #
$25.00/hr seems kinda up there for someone to deliver dumpsters, are they providing their own trucks? I used to haul 80,000lb Class A Hazmat tankers full of acids and other deadly chemicals for 25.00/hr lol.
25 includes insurance and taxes on employee it isnt take home
We can't see ur face
Got damnit. I think I'm gonna have to start a dumpster company. Lol call me bud I don't think I have your number
i will call you tommorow afternoon if that is alright?
@@Lifes_Apprentice yea whatever works
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Hey man if u had time to talk I have a few questions on your dumpsters how much to charge
I do phone consultations. email me
@@Lifes_Apprentice what’s the email
@@jarrettmyers923 wjustin1021@gmail.com