Junk removal and waste collection businesses have become highly profitable endeavours because of the growing demand for this type of service in the United States and Canada. It is very likely that you have seen junk removal for cash in an advertisement to attract potential customers. Lots of new operators are entering this industry making it highly competitive. However, the ample opportunities in the industry also resulted to the market becoming highly saturated.
According to IBISWorld, the waste collection industry earned total revenue of $49 billion in 2018. It is very tempting for people to start a junk hauling business but they must consider the state or city where they will operate. An in-depth market research will help to understand competitors including their prices. It is also important to research the target audience and determine which hauling services are catering to their needs.
Regulations for junk removal and waste collection services vary among states. It is important to be knowledgeable with regulatory standards before starting a junk hauling business. A business must always operate within the laws from day one to avoid fines as the business develops. There are federal, local and state laws on waste collection that must be considered in the business plan.
Since competition is quite stiff in the junk removal and waste collection industry, it is important to be different. A good branding strategy with a captivating logo in social media platforms will generate awareness for the brand. To build an online presence, it is important to provide details of the services and prices on popular online listing platforms like Craigslist and Yelp.
Having a website is very essential for a junk hauling business. The website must contain relevant content and vital information to catch the attention of the target audience. Having a website enhances a business’ professionalism and trustworthiness.
Starting a junk removal business is not easy because there are lots of people who are planning to join the industry because of its serious revenues. It is expected that the waste management market will grow and earn about $484.9 billion annually by 2025. By having a sustainable and viable business plan, a junk hauling business can easily cope up with demand.