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Experts predict the moving services industry will grow by US $1.95 billion between 2019 and 2024. This startling figure highlights the money-making potential for entrepreneurs looking to start their own moving firms.
But how can you start a new moving company that can compete with more established businesses in the industry? If you are unprepared, you may not be able to deliver a high level of customer service and your business could find it hard to make a profit.
While it can be challenging to build a moving business from scratch, there are several steps you can take to make the process easier.
Keep reading to learn more.
Buy the Right Equipment
One of your first purchases is likely to be a van, but you’ll also need to invest in equipment such as a hand truck dolly to assist with loading and unloading. You should also think about how much strapping you’ll need to secure items and if you’ll require a tarp to protect your cargo from rain or splashing surface water.
Make a list of equipment you might need and ask for quotes from multiple suppliers to find a reasonable price.
Take Out Insurance
Before undertaking any work you should have adequate insurance cover in place. This could include insurance for workplace injuries and vehicular accidents. It can also cover damage to cargo and third parties.
Look for an insurance company that has extensive experience in the moving industry. Their experts can help you find the type of cover that’s right for your business.
Hire Committed Staff
As a small business owner, you’re fully committed to your business, and you’ll only want to hire professional movers that share your enthusiasm. To find the best employees you can ask about their industry experience and any relevant qualifications. However, you may also want to inquire if an applicant is looking for a long-term job with your company to advance their career.
This can help you avoid hiring applicants that will leave after only a few weeks or months.
Market Your Moving Business
You know you run the best moving company in your area, but how will customers find out about you? Use digital marketing methods to reach people who are looking for residential movers and consider advertising using traditional print mail.
To make your marketing efforts easier you could hire the finest industry experts, and you should check them out before starting an ad campaign.
Get Ready to Start Your New Moving Company
Starting a new moving company can be a lot of work, but it can also be extremely profitable. Sourcing the most suitable equipment for your moving jobs is essential and taking out a comprehensive insurance policy can give you peace of mind. It’s also vital to find employees who take pride in their work and to advertise your moving firm effectively to attract a steady stream of fresh business.
If you provide top-class services to your clients, you could soon find you need to take on more staff to cope with demand!
Before you leave to start your moving company, check out more of our helpful business posts.