How to Start a Successful Moving Company without Lots of Money – 2020 Guide
The advanced technology brought a huge number of changes to the world. These changes influence all aspects of our lives. They have changed the mentality and habits of the people. More and more of them are looking for alternatives to earn more money.
Some people will try to do that more easily. For example, they would rather decide on online gambling. It is an entertaining activity that can bring them some additional money. However, online gambling and similar activities are only a short-term solution. On the other hand, starting a business is a long-term solution that can potentially solve your financial problems.
We won’t spend words on the benefits that entrepreneurship brings. Yet, things become more complex when you need to come up with an idea. As we said, Internet technology allowed certain opportunities. However, all those opportunities are available to every individual. This scenario makes almost every field of business more competitive.
Basic Requirements of Entrepreneurship
Making a business plan is the first step you need to make. The document needs to contain all the important aspects of your business. For example, it needs to contain a marketing plan, financial plan, plan B, etc. Except that, you can’t start a business without initial capital.
Certain businesses require smaller starting investments. One of those business fields is the moving industry. According to CEO of CaliforniaMovers Anton Halushko, starting a moving company without lots of money is possible. You just need to go through certain steps that will help you reach that goal. Logically, over time, you will continue investing in your business. Active investing is the only method that will ensure success.
Fortunately, people that have a problem with a lack of cash flow came to the right place. Let’s see together how to start a successful moving company without lots of money.
The best possible option would be to possess a pickup truck. Believe it or not, in that case, you will need only $100 to start. Every entrepreneur will need to invest money in a tank of gas. Despite that, you might need to invest in ties, ropes, and moving blankets. It might be good to purchase dolly as well if you don’t have much help.
In case you don’t have a pickup truck, you don’t necessarily need to buy one. You can start a business by renting it. Yet, you need to be careful not to damage it. We are sure that you would want to avoid this type of expense. Calculate how much you can profit if you rent a truck.
Living in the world of Internet technology allows you to advertise in different places. Of course, the best possible thing would be to start an ad campaign on social media. However, if you are not familiar with social media advertising, you will need to hire a social media manager. Despite that, paid ad campaigns are more effective which requires additional investing.
All these things might be unnecessary in beginning. Certain websites like Craigslist allow you to advertise for free. Yet, online advertising is not the only option that you get. You can visit furniture stores in your neighborhood and talk with them. See if they need a person that will deliver furniture pieces to their customers. In this case, you might need to spend a small amount of money on flyers. Leave them to people that you want to collaborate with. If you seem responsible and professional, be sure they will contact you.
Expenses for the Entire Month
Approximately, your monthly expenses will be around 200 dollars. As we said, gas and mileage will be your only expense. Yet, there might be a way to cover the costs. When you charge for the service, you can include these expenses into your price. If you manage to do that, your overall income won’t change because of the mentioned expenses.
Still, there is one thing that we need to highlight here. When you earn a certain amount of money, don’t use everything for yourself. The most successful entrepreneurs need to sacrifice certain things to achieve their goals. Because of that, you should always have certain savings. As you know, your vehicle might require repairs due to increased mileage. You should save around 200 dollars monthly as well in case something like this happens.
How Much Can I Earn?
We are sure this is one of the questions that you have. Unfortunately, the clear answer to this question does not exist.
You primarily need to advertise in the right way. If lack of money is the problem, you need to improve your communication skills. You will talk with the owners of companies that are selling furniture in-person. In other words, you need to know how to convince them that collaborating with you is a good decision.
If you manage to do that, time is the next factor that influences your revenue. It matters how much time you can commit to moving furniture pieces. In most cases, people charge between 50 and 200 dollars per furniture item. The prices depend on the size of the furniture and miles that you need to pass.
It is hard to calculate how much you can potentially earn. However, if you manage to drive around 20 hours per week, you might get the chance to earn between 1500 and 2000 dollars.
Still, keep in mind that you are at the very beginning. The first-time owners of the moving companies need to start small. Sooner or later, your revenue will grow and you will easily purchase another truck. Buying new vehicles will allow you to advertise better and move more furniture.
Before we say “goodbye” to each other, we need to highlight one thing. Being an entrepreneur means that you are ready to completely focus on your business. Working 20 hours per week might be enough for the beginning. Yet, it would be better to drive at least 8 hours per day. Of course, this counts if the number of customers you have is big.
Don’t delay the duties that you have. Hard work will always pay off in the end. If you need to work for the weekends, there is no reason not to do that. Do everything you can to reach your goals.