Leather gloves can only provide so much protection and I wouldn’t recommend using any other material. Watch Queue Queue. Develop Strategies to Boost Brand Awareness and Create a Corporate Identity, waste collection business is amongst the recession proof industry, How to Work from Home Assembling Pens for Companies. Solomon O’chucks is a Researcher, Prolific Writer and a UNICEF trained & Certified Facilitator and Counselor, A Graduate of Morris Cerullor School of Ministry and He Holds a Degree in Personal Development & Science of Success from IIGL Asheville, NC, USA. After a few weeks we found that the people we had worked for started referring their friends and giving us outstanding references on Facebook. If YES, here is a complete guide to starting a profitable junk removal business with no money and no experience Know Your Major Competitors in the Industry, 5. You have to know what to look for and what will make you the most for your labor. Publicity plays a dual purpose for a business because not only does it enable awareness and create a corporate identity for a brand, it also generates revenue that is used to sustain and grow the business. Not everything used in appliances, tools, and building materials is actually safe. The size and distribution of the population in the United States as well as the economic activity that the population brings are the major causes of the concentration of waste collection establishments all over the country. There is no business that is being run in the United States of America without legal documents of any sort to back the business up. It is usually best to contact the junk disposal sites beforehand to know what kind of junks they would be accepting. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp), 9. Watch Queue Queue But junk car removal entrepreneurs are masters at playing the margins. After water accumulates on top of a fridge, cooler, or any other appliance, rust will start to form quickly. These are heavy duty tires that make it hard (not impossible) for these things to go through the outer band of tread. Therefore in order to stand out and be able to compete, some of the junk removal companies have decided to major in certain niche areas such as; The level of competition in the junk removal business is highly dependent on the location of the business as clients prefer to patronize the services of junk removal companies in their area or locality than have to look for one operating in another part of the country. Places that are densely populated are of course more active economically and also generate more waste than those in sparsely populated places. Many junk removal businesses record millions of dollars and revenue year in year out. We also took it further by analyzing and drafting a sample junk removal marketing plan backed up by actionable guerrilla marketing ideas for junk removal businesses. The junk removal service mostly offers services to clients in the locality where it is operating from. This has led to a significant increase in revenue for these companies and for the industry as a whole. The best part of it is that you need only a minimal investment of time and money to start such a business. Pretty much any electrical object will have copper wire supplying the current to them. If you don’t invest in ten ply tires it’s a good idea to have plugs, plug tools, and at least a good 12v air pump. Then, we offered a few select customers (the ones we knew had lots of copper, aluminum, and brass on their property) our services for brush, wood, trash and whatever else was lying around they didn’t want in exchange for the higher end scrap items. Every industry has brands that are well known and popular probably due to varying factors and the junk removal business is no different. However, just like every other business, there are certain factors that you would need to consider for your business to become a success and these factors are; ensuring that you conduct market research, create a good reputation for your business, finding and maintaining your clients and then engaging in the right publicity to boost your corporate image. Copper can go anywhere from $1.00 to $3.00 per pound. The franchisor controls all the major decision making of the franchisee such as pricing, publicity and marketing as well as certain other key decisions. Hire Employees for your Technical and Manpower Needs, 16. Now, no person in their right mind would go drinking water they found on some old junk, but that’s not the only danger. Facing threats and challenges are nothing new to any entrepreneur intending to start a business as these are phenomena to be expected. There are a few things that I had never thought about that can cause you harm. This triple revenue stream business has a verifiable cash flow and a 10-year track record of success. The common types of legal entity are those that fall into the basic and hybrid category. However, there are some basic insurance policies that you should consider acquiring if you intend to start your own junk removal business in the United States of America and they are; The junk removal business is a service based kind of business and therefore activities in this business are not one that involves any sort of intellectual property that would require intellectual protection. In this article, we will be considering all the requirements for starting a junk removal business. Choose a Suitable Location for your Business, 15. Strategies For Earning A Living Wage In The Gig Economy. We advertised that we would haul scrap metal, tear down tin structures and even take broken or unwanted appliances off for free. There has to be a plan as regards how you intend to dispose of your junk. We had bills to pay and no source of income. This well-established corporation is focused on residential clients but also B2B (business to business) and B2G (business to government). For instance, just because a restaurant opens and sells food doesn’t mean it’s successful. The industry however bounced back in 2015 as it generated revenue of $51 billion. Before choosing a location for your business however, it is important that you conduct a thorough research so that you will know which location will let you be within the hub of your target market. Therefore, you would require trousers that are loose fitting, a shovel, rake, dust masks and goggles. The moisture will inevitably attract mosquitoes and other pests who bring bacteria and germs into the equation. As a new entrant, studying these well known brands is vital to making your company become known as well. Metal is hot in the summer and cold in the winter and can cause some pretty nasty burns and other unfortunate mishaps. You may need to start small in order to build the right profile by removing junks in your neighborhood and friends. They can pick up the junk materialsfrom their customers for a fee or they can allow the customers to bring their junk to their place. Also, knowing that there are fees to be paid for disposing the junk, you will need to know beforehand what can be recycled, what can be donated to charities and what can be sold as scrap. How Many RVs Can You Fit On an Acre of Land? But, I knew we had to figure something out that paid well and fast. In order to deal with the problems associated with getting heavy equipment, some entrepreneurs usually rent this equipment. Also, whilst marketing might generate revenue for your business, it is also helpful in creating awareness for your junk removal business. If you are however confused on what insurance policies would be suitable for your junk removal business; you can seek the advice of a professional insurance agent or broker. *FREE* shipping on qualifying offers. It can be found in some tools, water mains and some water pumps. It took us less than two hours to load down my truck, a small trailer and and my friend’s long-bed with refrigerators, washing machines, dryers, and any other metal objects we could find around my property that were ready to be disposed of. If however you do not have enough capital to start this business, you should consider using another legal entity to start your business. In fact, most fail. Inevitably, we ran out of money after a few weeks. We headed out to my house to wrack our brains to try and come up with some way to make money for our respective families. Depending on your finances, you might need to either buy a truck or van new or second hand so as to be able to transport the junk of your clients to disposal facilities or waste recycling facilities. Even though this is a business that does not require much technicality, there is the need to use a truck in the course of running the business. If you’re up for the challenge, owning a junk removal business can be a profitable and rewarding adventure that involves not only hauling heavy garbage but also scouting local donation and recycling solutions. However, there are other factors that have an effect on your marketing strategies and they are your location and your profile. If none of that deters you then you may be the type of person who should give it a go. Whether it be old furniture, outdated appliances, or a plethora of other things, people often need items removed from their homes and don’t have either the vehicle or the time, or even the strength, to remove the items on their own. This was due to the fact that generally, most of the services in the industry were deemed to be expendable during the tough times. Start a 6-Figure Junk Removal Business: A Complete Guide to Setting Up a Profitable Junk Removal Service In assessing the market for your junk removal business, it is necessary that you not only look out for other businesses that are into the junk removal but that you also look out for well-known brands in order to understand what strategies they used to succeed and also what weaknesses they have that your business can exploit in order to become known in the industry. The key to being successful with your junk removal business or any business is to treat it as a business and not as a job. It is pertinent to seek medical attention if Galvanized steel penetrates your skin in any way, shape, or form. Regarding the number of people that you would need in order to run your junk removal business efficiently and successfully in the United States of America, you would need; a chief executive officer, a human resources and administrative manager, a front desk officer, field workers, a marketer and a driver. We ended up making $900 to $1000 per week. Below are some of the platforms that you can use in marketing your junk removal business; While having the right awareness for your business is necessary, it is important that you understand that not all channels used will be very effective in promoting the brand of your junk removal business. While there are several kinds of legal entities to choose for your junk removal business, each comes with its own pros and cons that needs to be studied well in order to know what impact – negatively or positively – it might have on your junk removal business. You provide a much-needed service, while also making a really nice profit. This was plenty for us to split and still pay our bills while we looked for other full time jobs. Several factors contributed to the growth experienced in the industry and these are; the recovery of industrial, commercial and construction business sectors, the economic boost which has more individuals and businesses increasing their demands and spending more, as well as a decrease in fuel prices which saw the cost of purchases falling and therefore driving up profit for the industry. We were both married. Marketing is a very important part of any business and so needs proper planning especially as this is where majority of the revenue you will need to sustain and boost your business will come from. Therefore, in order to run your junk removal business efficiently and effectively, you would need a minimum of 7 key people. If you intend running your junk removal business from home and are living within the hub of your target market, then you might need to engage in more publicity for your business by ensuring that you have an interactive website, social media platforms and phone lines in order to connect with your clients. Well, leather will keep the many chemicals and down-right nasty liquids from getting to your hands. If I could go back, I would start by putting the social media ad up. Starting a junk removal business can be the best business decision for you as this is a business that does not require much capital and time to start. The sole proprietorship kind of legal entity is that which is fully owned and run by just one person. In this case, you can turn one man’s trash into a profitable business opportunity. Therefore, some of the basic documents that you would be required to have in order to start and run your own junk removal business in the United States of America are; While some of the equipment needed to start a junk removal business – such as work gloves -might not be so difficult to procure, others – such as a truck – might not be so easy especially if you are starting the business off on a tight budget. Once a junk removal company has made a huge name for itself in the industry, it usually considers becoming a franchisor by selling its brand and its basic operations to start-ups. These materials can be found in the following ways: Copper can be found running through most houses, barns, shacks etc that have electricity to them. Whenever unwanted belongings cannot be thrown out in the normal trash, a junk removal service can help. Okay, so we have provided you an in-depth sample junk removal business plan template. What’s interesting about this particular gig is the potential scale it into something much larger by accumulating related skills – digital marketing or building it into a larger services or lead referral business.. A junk hauling business may not sound like a very lucrative venture, but for those willing to work and unafraid of getting dirty it’s very possible to make a good living at it. Most of those who have had to move have done so due to their jobs, while the rest is due to personal matters or government relocations. No special licenses needed for trucks. However, just like in any other business, niches might allow you stand out from others. We had been paid earlier that day, as our previous job paid us every week, but we knew that wouldn’t last long. He had a daughter and at the time I had two children and another on the way. The first thing we rolled out was a flat rate of $30.00 per day plus junk (we discounted a few people here and there that had Copper, Brass, and Aluminum to offer) or $100.00 each for my friend and I if there was plenty of junk and a week’s worth of work. We drove across the scales at our local scrap yard, unloaded the metal and went to collect what we thought would be a measly $40 or $50. It’s hard, you will definitely cut yourself more than once, and your body will be exhausted by the time you’re through every day. It is essential to note that clients usually prefer to patronize junk removal businesses that are located within the vicinity than those that are located far from them. On the other hand, any aluminum, copper, brass or other precious metals should be cleaned and stripped of all impurities and other types of metal that are mixed in.<. Tires contain a small amount of metal beneath the rubber. You might need to get the help of a real estate agent in order to be able to choose a location that is not only right for your budget but one that will enable you not to break any laws of the state you intend operating from. Of course, this is only if you encounter Freon after it’s already been ejected from whatever canister or compressor it was in to begin with. Therefore some of the financing options that are available to you to start your junk removal business are; The junk removal business is one that can be run either from one’s home or via a rented or leased office facility. If the junkyard owner plan is to reap maximum profits from its operation, it should adequately determine how they will be obtaining their junk. In making the decision of where to run your business, you might need to consider what your closest competitors are up to and if they are renting or leasing a facility, then you might need to do so as well. A List for New Writers (US & Global), How To Build A High Value Drop Servicing Business, A Secret World of $500 Per Hour Consulting Calls, The BREAD Process: Alphasight’s Research Model, Alphasights Review – Expert Networks (Advisor View), Expert Network Review – ProSapient Paid Consultations, Gerson Lehman Group Expert Network Review, Freelance Sales Agent: Find & Close High Ticket Deals. It is estimated that about 43 million Americans with 13 million being children have had to relocate within a year. Either of this categories deal with issues such as ownership and control, taxation, flexibility, liability and so many other factors. We started small and worked our way up when we started charging for our services. Setting a budget for your junk removal business is very important so that you do not spend beyond your budget and cause a huge strain on other parts of your business; this is why it is usually necessary to write a business plan. Getting heavy duty wear for collecting junk is very vital as this can be a dirty job. This junk removal and recycling business is partnered with the second largest junk removal service company in North America. The city of Los Angeles recently awarded a $3.5 billion contract to seven junk hauling companies. If you drive a truck I would strongly advise investing in some 10 ply tires. So, How to Start a Junk Removal Business? The thinner the piece of metal is the hotter it will be in the sun and the faster it will cool down and freeze over. And I’m proud to say that this [junk removal] business that I started was net profitable after day one.” Passing Along his Wisdom Broches says his business, which serves northern Illinois, makes anywhere from $8,000 to $30,000 in gross sales. This well-established corporation is focused on residential clients but also B2B (business to business) and B2G (business to government). The junk removal industry is so huge and this is due to the fact that not only homeowners but property managers, corporate offices, building contractors and real estate agents all require junk removal services at one point or the other to get rid of certain equipment, outdated computers, construction debris, files and furniture. If you are however confused as to what is best, you can check what your top competitors are using for their businesses or seek the services of an attorney to help you out. This well-established corporation is focused on residential clients but also B2B (business to business) and B2G (business to government). The risk in “drop offs” is that the prospective customer looking to get rid of their junker may not want to take “no” for an answer and resis… People and businesses need help hauling away broken furniture, clearing out an attic full of trash, or even emptying an estate or foreclosure. The Mechanics of a Profitable Junk Car Removal Business. It is an offense to run a business in the United States of America without insurance of any kind as you could be penalized by the regulatory authorities. What this means you’ll need to treat your business like an investment and not like a job with a steady pay check. My friend and I had worked for the same company and were sent home the same day. Junk removal business is one of the business opportunities available in the Waste Management sector that an entrepreneur can start in the United States of America. Rubbish Removal Sydney carries out most of the recyclable items and reduces junk to landfills. Prices at every scrap yard I’ve ever been to fluctuate pretty often. Other Business Highlights: All cash business. I can’t tell you how many times I’ve burned the tips of my fingers on the top of a hot refrigerator or scalded my palm on a piece of iron fencing. I have been hauling junk since 2007. The truth is that if you settle for this business, you are sure of making huge returns from your investment. What is mostly required of those in this business is being fit and ensuring that the proper work gear is used during the course of removing junks for a client. Available in Other Countries: | UK | Australia | Canada | South Africa | India | Nigeria. However, not everyone is cut out for this type of work. It will take you several hours to burn, cool and load the metal strands and, after all of that, you may get to the scrap yard and have not only the rims and wire rejected, but also the rest of your load. It helped us more than we could have ever imagined. Get the Necessary Legal Documents You Need to Operate, 14. Business Overview: This junk removal and recycling business is partnered with the second largest junk removal service company in North America. Yes, we probably could have made more if we had focused solely on hauling junk metal off, but we only wanted to work a few hours a day so we could actively search for full time employment with benefits. Otherwise, lacking a marketing plan is the best way to making losses in your business. Conduct Market Research and Feasibility Studies, 4. Generating part of the start-up capital from personal savings, Sourcing for soft loans from family members and friends, Ensure that you advertise your junk removal business in local newspapers and magazines as well as on radio and television stations, Create a professional brochure and have your services, rates and contact information attached and place this in mailboxes or on windscreens to get the awareness you would need, Ensure that your junk removal business is listed in local directories/yellow pages as well as online directories, Use social media platforms such as Facebook, Twitter, Instagram as well as your website to market your junk removal business, Distribute handbills and paste fliers on utility poles and notice boards, Carry out direct marketing by placing cold calls and visiting potential clients, Create a unique logo for your junk removal business and also choose a unique business name, Create an official and interactive website and use this to raise awareness for your business, Place adverts in local newspapers, magazines as well as on radio and television stations, Visit forums and blogs that are waste management related and educate people as regards junk removal, Encourage your loyal customers to help spread the word about your business, Use social media platforms such as Facebook, Twitter and Instagram to help create awareness about your business. This company also has the highest customer service ratings (Net Promotor Score) of all service companies in North America so our reputation is impeccable. Business Overview. Junk hauling is an evergreen and highly lucrative business. The junk removal business is one that does not require a lot of technicality in order to achieve the set tasks. Trust me when I tell you it’s not worth the effort. The galvanization process uses chemicals which can be harmful to people. The three metals I’ve named above are the most lucrative and worthwhile. The junk removal service is a segment in the waste collection services industry and yet represents a huge chunk in the larger segment. The junk removal industry which includes junk moving, hauling, and packaging, is a $10 billion industry a year according to the Bureau of Labor Statistics. Another factor is creating the right profile that will attract and retain clients for your junk removal business. This well-established corporation is focused on residential clients but also B2B (business to business) and B2G (business to government). This one is a little more technical but important none the less. However, if you intend to become commercially successfully, you must be ready to get some necessary equipment that will allow you run your business smoothly. We are the “greenest” company in the The junk removal services which is a segment in the cleaning industry is one that experienced bumps during the great recession as revenue fell by 5.3 percent in 2008 and again by more than 6 percent in 2009. This video is unavailable. And that is just a fragment of the junk hauling industry. Know the Possible Threats and Challenges You Will Face, 7. Although scrap yards will not reject nuts, bolts, nails and screws, it’s worth noting that your load will be worth more if you remove the ones that are easy to get to depending on what you’re hauling. When it therefore comes to choosing a name for your junk removal business, ensure that you choose something that is memorable, eye catching, unique and creative. I speak from experience here. It’s important to be aware of what you’re handling at all times. Most yards will turn it away simply because it isn’t worth the labor for them.
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