Outlines how to start a moving business, with steps to take from the business plan to training and the amount of space you will require to be successful.
Starting a business that provides commercial and residential moving services can prove to be a very profitable endeavor for an entrepreneur who is ready to put in effort and take the time to ensure that his or her business is legit. Providing such services may not be as easy as you think. Also read how to turn an idea into a business: simple 5-step guide
How to start a moving business
Even though anyone can start off by taking small jobs on the weekends, without a big truck, proper insurance, permits and licenses, what most people don’t realise is that this leaves them wide open for lawsuits. It is also important that you take the time to conduct research on other successful moving companies and come up with your business plan that incorporates their successes in a way that will meet your needs.
If you are looking to make some serious money by starting a moving business, before you hit the road, obtain the required licenses, permits, and insurance in order to avoid trouble.
Develop a business plan
As mentioned above, you will need to take the time out to do proper research in order to come up with a strong business plan. Take into account different but relevant factors, such as goals that you have set for yourself and how you will make your business stand out from other such moving businesses.
Remember that there are many amateurs in the moving industry who are ready to offer moving services for a low price because these people usually don’t have the required permits or licenses and rarely have insurance. You could stand out from the competition by being professional.
You should also think about offering a variety of services, such as driving in or out of state, packing, unpacking, providing storage space for clients between moves, and loading services with or without the moving services.
Get industry training
You will definitely need some moving training if you have little or no experience and knowledge about the business. There is no need to make the simple task of moving complicated. However, you should always remember to make sure that you fully understand the mechanics behind proper packing and loading as you will be dealing with other people’s most valuable goods.
The right kind of training should help you perform such tasks much more efficiently, saving you time, space, and money. Moreover, this will also help you make a very professional impression on your clients and having a good reputation will definitely help you in the long run.
Space for storage services
If you are thinking about offering storage services, you will need to secure commercial space and it should be large enough to accommodate the growth of your business. You might need a warehouse to offer storage space for customers in between moves, make sure that you have enough space and facilities that will be required to do so.
While this is not necessary when you are only starting, you should be able to rent a warehouse once your business expands. Remember that offering a variety of services will improve your business’ reputation and ultimately help your business grow faster.
Buy a truck and other equipment
If you already own a truck or a van, you could start with that and you will only have to spend some money on fuel and buying other equipment. However, if you don’t already have a truck, depending on how big you want to start, select a moving truck for your business. It is a good idea to start small so you do not lose big.
If you are not ready to buy a truck, you can consider renting one. You will also need to purchase hauling equipment, such as moving pads, gloves, dollies, boxes, packing supplies, shrink wrap ramps and back braces.
Obtain insurance coverage and apply for licenses/permits
Moving insurance plays an important part. Get in touch with your insurance provider to look for a company that can provide you with business/commercial insurance and also insurance coverage for any goods/furniture that may be damaged during moving. Remember to comply with the regulations of your state on the amount of insurance coverage your business must have.
Obtain the required business registration, permits and licenses, these will depend on how you plan to operate. For instance, if you are thinking about moving interstate, you will need to have a Motor Carrier Number (MC Number) to have interstate operating authority. You will also need to contact your Department of Transportation to obtain a DOT number. So, apart from the cost of truck and other moving equipment, remember to take into account MC Number cost and the cost of any other necessary licenses and permits that will be required.
Advertise your moving business
First of all, you will need to advertise to hire your staff. Even if it’s just one helper when you start, put your staff through moving training to make sure that they have the required skills when it comes to packing, loading and unloading.
Today, people look on the internet for such services. Have a great business website, with a great logo and post pictures of you and your staff hard at work, packing, driving or loading. Include relevant contact details and other information, such as the variety of services that you offer. This will make your business look more professional and easy to get in touch with. When starting, you could also consider offering coupons in the local paper, leaving fliers and brochures at home and garden stores, grocery stores and local colleges.