Starting your own junk removal business isn’t as hard as it seems and can make you a great living if you do it right. Currently, the junk removal business is valued at $10 billion and growing rapidly.
People will always have junk to dispose of – making your business an ever-expanding solution.
If you are wondering how to start a junk removal business, keep reading this guide to learn more about the junk hauling business and what it entails.
1. Planning Stage
Starting a junk removal company takes extensive planning to determine if you have a market and deciding which equipment you are going to be working with.
One of the first steps to creating a junk removal company is to determine if there is actually a need for it in your area. After deciding there is a need, the next step is developing a business plan.
Developing a business plan will require you to present your findings on why there is a need as well as other topics like:
After developing your business plan, you will have a better idea of what to expect going forward. You will also have to determine how you will be funding the business.
2. Opening Up Shop
Now you’re ready to open up shop and get started on your new venture.
Most importantly, you will have to figure out where you are buying your trucks and parts. Buying used trucks will obviously save you a bunch of capital upfront. However, it’s essential to keep in mind the condition of the vehicles and how long you plan on using them for.
Other items you will have to purchase include:
- Durable clothing
- Protective gear
At this point, you will have to register your business and decide on a name for it. It’s critical to check with your local government to establish what other licenses you will have to obtain before starting.
Some local governments require separate licenses to haul waste, and others may require a permit to take scrap metal. If you are having a hard time finding the licenses you need, talking with other local business owners can help.
You will also need insurance to begin operations. This includes business liability insurance to protect yourself from potential lawsuits that may occur. Getting auto insurance is also a smart idea to protect your vehicles.
If you plan on having employees – workers’ comp insurance is a must, just in case of an injury on the job.
3. Growing and Expanding
After gathering all the necessary licenses and equipment, you are well on your way. Now, the focus is growing and expanding your junk hauling business.
Marketing will be a significant factor in determining how many clients you obtain. You can consider marketing with:
- Social media
- Flyers/ brochures
- Or in the newspaper
Marketing on social media, like Facebook, is a great way to connect with a large number of potential clients. Flyers and brochures will help spread the word about your business. And handing out coupons can be an excellent way to incentivize people to utilize your junk removal business.
Looking for More Information on How to Start a Junk Removal Business?
Starting a junk removal business can be an excellent investment for the future. People will always have junk lying around the house that will need to be removed at some point.
Removing junk is also a rewarding career as you are helping your community stay clean and safe.
For more information about how to start a junk removal business, check out the rest of our website! Now it’s time for you to start junking!