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. 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. This was plenty for us to split and still pay our bills while we looked for other full time jobs. The large scale junk removal companies usually have the advantage in the use of more staff and offering efficient operations, while the small scale junk removal companies usually compete by offering personalized services. He had a daughter and at the time I had two children and another on the way. There are a few things that I had never thought about that can cause you harm. Places that are densely populated are of course more active economically and also generate more waste than those in sparsely populated places. It is also vital that you understand what laws are affecting the type of junk you are collecting and if there are specific disposal rules you would need to follow. After a few weeks we found that the people we had worked for started referring their friends and giving us outstanding references on Facebook. Otherwise, lacking a marketing plan is the best way to making losses in your business. In this article, we will be considering all the requirements for starting a junk removal business. This triple revenue stream business has a verifiable cash flow and a 10-year track record of success. I would recommend taking some rubbing alcohol with you as well just to be sure. If I could go back, I would start by putting the social media ad up. In either case, you have to document the operational and financial obj… The junk removal business might look like an easy business to start, but if you do not have enough money to buy equipment and also run your business till it starts making money, then you might find yourself struggling and maybe eventually failing. A study by First Research has pointed to the fact that the Waste Management industry is highly dependent on not only the amount of waste produced but also the economic condition of the region where the waste is produced. This video is unavailable. 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. The junk removal service is a segment in the waste collection services industry and yet represents a huge chunk in the larger segment. Write a Marketing Plan Packed with ideas & Strategies, 17. It’s all possible by starting your own junk removal business, a business where you set your own rates, work as little or much as you’d like, and enjoy the freedom that comes from owning your own business. 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. I will warn you, though. It’s important to keep an eye on the prices at your local yard and start hauling as much as possible when prices spike. In this case, you can turn one man’s trash into a profitable business opportunity. To be successful, you need to understand not only the prevailing rates charged but also your cost, including overhead, of properly disposing or recycling junk … Inevitably, we ran out of money after a few weeks. Business Overview: This junk removal and recycling business is partnered with the second largest junk removal service company in North America. Junk Hauling And Junk Removal Very Profitable. There are about 11,000 waste collection businesses in the United States of America employing more than 207,000 people. Start a 6-Figure Junk Removal Business: A Complete Guide to Setting Up a Profitable Junk Removal Service The payoff is low for these items and the workload is very high. What this means you’ll need to treat your business like an investment and not like a job with a steady pay check. You can start the service by yourself or by renting a few vehicles and hiring a few persons. When starting your business, it is expected that you choose the right name for your business as the name you choose will determine how clients will perceive your business. Those who might have had any sort of reason to apply for an intellectual property protection are those who might have during the course of running the business developed a software programme that would allow for junks to be removed in a faster and more efficient manner. Home » Business ideas » Green & Eco-friendly » Waste Management ». If you have no idea on what documents you would need for your business, it is best you go to your city hall or approach an attorney to guide you on what documents you would need. building it into a larger services or lead referral business, Service Arbitrage: Jump Ball Isn’t A Strategy, The Accidental Freelancer – How to Stack The Deck On Upwork, Profitable Drop Servicing: Adding Value as a Middle Man, Best Content Mills. We were both married. It is a segment that has helped individuals get rid of junk in an efficient manner and its gain in publicity has seen more people become aware of the benefit of clearing out their junks and taking advantage of the junk removal services in their local areas to do so. Other equipment you would need are first aid kit and gloves. Copper can go anywhere from $1.00 to $3.00 per pound. For instance, just because a restaurant opens and sells food doesn’t mean it’s successful. We advertised that we would haul scrap metal, tear down tin structures and even take broken or unwanted appliances off for free. You provide a much-needed service, while also making a really nice profit. The industry is also gaining more awareness in the eye of the public as there are now programmes on television that are focusing on those who have compulsive hoarding disorder and how they can help themselves get rid of this mental disorder by using the services of a junk removal business. 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. Some of the well-known junk removal companies in the waste management industry are those who are famous for their franchises, marketing and publicity strategies, their scale of operation, or how long they have been in the industry. But, I knew we had to figure something out that paid well and fast. This junk removal and recycling business is partnered with For Salee second largest junk removal service company in North America. 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. After splitting the money we both went to work on social media. According to the United States Census Bureau, an average American in his or her lifetime has moved 12 times. Pretty much everyone around my home town needed buildings, brush, and trash cleaned up from their property. 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. Decide Whether to Buy a Franchise or Start from Scratch, 6. Other Business Highlights: All cash business. As you plan to do junk removal, you need to develop a plan on how you will market your services. This has led to a significant increase in revenue for these companies and for the industry as a whole. In order to deal with the problems associated with getting heavy equipment, some entrepreneurs usually rent this equipment. Some of the challenges encountered when starting the junk removal business include; government policies and regulations regarding the business as well as competition from already established companies. Junk removal is a service in which you are required to haul the unwanted items as required by your customers never to be seen again. For example, EZ Atlanta Junk Removal | Rubbish – Appliance Disposal in Georgia , one of the leading junk removal enterprises in Atlanta amass lots of dollars daily through this awesome business. Another minus regarding this kind of legal entity is the fact that the owner is held personally liable for every debt incurred in the process of carrying out the business. We had to figure out how to look for full time employment and haul off junk and still make a good living. You might be thinking that it seems like an uncomplicated self-employment idea but you would want to know How to Start a Junk Removal Business. A junk removal business is typically worth about four times its annual profits AFTER the manager (you) has been paid. Most people will chunk their old fridge out the back door after they get a new one. The junk removal business is however a highly competitive one and has several franchised operators nationally as well as lots of local competitors all over the country. Stagnated water can be treacherous to a junk hauler with open wounds, scrapes, or scratches if the proper precautions aren’t taken. Being in a good location can have a positive impact on your business and reduce the amount you would have needed to spend in creating awareness for your business. But junk car removal entrepreneurs are masters at playing the margins. Due to the high demand in the industry, the competition between large scale junk removal companies and small scale junk removal companies is usually stiff. This well-established corporation is focused on residential clients but also B2B (business to business) and B2G (business to government). If YES, here is a complete guide to starting a junk removal business with NO money and no experience. No one starts a business without correctly assessing the market which they are going into and as trivial as the junk business might seem, it is no different from starting other kinds of businesses. In order to get to it, you’ll have to burn the outside of the tire. People and businesses need help hauling away broken furniture, clearing out an attic full of trash, or even emptying an estate or foreclosure. 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. The Cost of Running Your Junk Removal Business. This search should include not only independent junk removal providers, but also some of the larger junk removal franchise players such as 1-800-GOT-JUNK? Starting A Junk Removal Business Is: Profitable Fun Easy To Start Easy To Manage Easy To Scale No Specialized Knowledge Economy Proof Start a 6-Figure Junk Removal Business: A Complete Guide to Setting Up a Profitable Junk Removal Service [Mettlach, Michael] on Amazon.com. Therefore, you would require trousers that are loose fitting, a shovel, rake, dust masks and goggles. This is why it is necessary to have a comprehensive business plan as this would help you convince potential investors on how serious you are with your business as regards getting a loan to fund your business. We started small and worked our way up when we started charging for our services. Galvanized steel is steel that will appear to have a white, powdery substance on it’s surface. 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. It is estimated that about 43 million Americans with 13 million being children have had to relocate within a year. Most scrapyards won’t even take these next few items even if you manage to clean them up. The demographic and psychographic composition of those who require the services of a junk removal company is not just restricted to homeowners but extends to building contractors, real estate agents, property managers and offices. Junk hauling is an evergreen and highly lucrative business. 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. It can be found in some tools, water mains and some water pumps. It is usually best to contact the junk disposal sites beforehand to know what kind of junks they would be accepting. For example, electric dryers, Tvs and even hair dryers have copper coils inside them. The need for a business – regardless of the kind – to have some sort of documentation is a serious requirement by the authority and defaulters might not only be financially penalized but also be banned from running the business within the country. 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. This segment of the industry is one that has a great opportunity for franchisors and even franchisees. The United States as a country has one of the biggest markets globally and therefore produces nearly 251 million tons of waste annually, which is why the waste management industry is so large and is one of the multi-billion dollar industries getting $75 billion annually. The industry is a fragmented one with the two largest companies capturing only a small fraction of the revenue market. 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. The junk removal service is a specialty cleaning service that is a sub segment of the waste collection market in the cleaning service industry. This means most of the junk you haul will be exposed to the outdoors and whatever disgusting thing that wants to rub up all over it probably will. As a new entrant, studying these well known brands is vital to making your company become known as well. If you already own a business that operates trucks, has employees, or if your business creates a lot of junk, you benefit even more! Therefore, every entrepreneur going into business is always prepared to face challenges and threats and must therefore do their best to not only be prepared for it but to remain optimistic. Get the Necessary Professional Certification, 12. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp), 9. As an entrepreneur, it is important that you look for ways that will not only be effective in promoting your brand but one that will not be a strain on your pocket as well. If the question is whether or not businesses are profitable that remove junk, the answer is an emphatic yes, while also a resounding no. 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. The moisture will inevitably attract mosquitoes and other pests who bring bacteria and germs into the equation. It can be found in motors of broken down cars, alternators, starters, some electrical lines, soda and beer cans, A/C reefer, residential siding, and some small fishing boats. There are several equipment that you would need in order to start and run your junk removal business successfully. The ages of those that usually require junk removal services range from 25 to 44, because these are the people who get married and have to move in together or relocate, thereby needing a junk removal service. The increase in revenue was due to the fact that less people were unemployed and also that there was a decline in office vacancy rates which led to an increase in non-residential construction activity. Starting a junk removal business isn’t all fun and games… It can be downright difficult, especially when you’re trying to get off the ground, become profitable, and create a junk removal business salary of $1 million a year. Copper can also be found in compressors, freezers, A/C units and refrigerators. The common types of legal entity are those that fall into the basic and hybrid category. 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. Any form of steel wire or cable will more than likely be rejected at most yards. According to estimates by Jdog Management, the market for residential junk removal in the united states is estimated to be at least billion annually, which is based on a number of factors such as the number of households in the country as well as consumer habits, which is having people buying more stuffs and then looking for way to get rid of old stuffs. Whenever unwanted belongings cannot be thrown out in the normal trash, a junk removal service can help. 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. Most local junk removal services usually start up using this legal entity and then change the legal entity once the business has grown to a certain extent.