You’ve always dreamed of owning your own business and you think a moving company would be the perfect fit for you.
But, where do you get started?
A lot of people are under the impression that to start a moving company, they need huge commercial trucks and a big warehouse. In reality, however, you can start small.
Let’s take a look at what it takes to start a moving company.
Draft a Business Plan
First things first: you need to start with a business plan.
A business plan will help you prepare for possible problems, forecast your development, and allocate your resources. And most importantly, it will help you figure out how to set your business apart from the competition.
The moving industry is already fairly saturated with amateurs who are conducting moves on the cheap without insurance or permits. The best way to compete with these individuals is to stand out as a professional service.
You should consider offering a variety of services, such as driving out of state, storage space options, or loading services without the moving component.
Figure out Licensing Requirements
If you want to be taken seriously as a professional moving company, you need to make sure you’re meeting the appropriate licensing requirements.
Many states require moving companies to register with the department of transportation.
Also, if you plan to offer services across state lines, you’ll need to be registered with the United States Department of Transportation.
You’ll also want to look into local licensing requirements, as some local permits may be necessary. You can check with your city or county clerk’s office to figure out what you need.
The equipment you purchase will largely depend on how big you want your moving company to be.
If you like the idea of starting small, you can easily get away with a small pick-up truck or van. You can even choose to rent one instead of purchasing.
If you’re ready to go all in, you should consider investing in a new moving truck.
Whatever vehicle you decide to go with, you’ll definitely want to outfit it with your DOT registration sticker and company logo.
Here’s some other equipment you’ll want to consider purchasing:
- Boxes/packing supplies
- Shrink wrap
Liability and cargo insurance is also necessary for starting a moving company.
Make sure to get in touch with your insurance provider to obtain an insurance that includes coverage for liability and damages.
Also, be sure to look into specific state requirements, as some have minimum coverage requirements for moving vehicle insurance.
Market Your Moving Company
Once you’ve got your plan, permits, insurance, and equipment sorted out, it’s time to start marketing your moving company.
Here’s what you need to do to get the word out:
1. Choose a company name
2. Invest in a quality logo
3. Build a website. This website should include the services you offer, high-quality photos and content, and contact information. You may also want to consider including free estimates, like Small Moving Inc. does on their site. The design needs to be professional for people to want to do business with you.
Start a Moving Company: Wrap Up
Starting your own moving company is no easy feat.
In fact, 8 out of 10 entrepreneurs who start a small business fail within the first 18 months.
Following these guidelines will get you on the right path to success and help you beat the odds. Let us know in the comments below if you have any questions about starting your own moving company.