Here’s Why You Should Start a Moving Company in 2022
So many people today are uncertain about their employment future. They feel that in today’s political and economic climate there are too many uncertainties for achieving the American Dream. Despite what you might think, the moving industry could be one of the best ways to supplement your income today. Here’s why it’s a good idea to start a moving company in 2022, and how you can start building your business today.
Many People Are Relocating
The real estate market is booming. Interest rates are at a historic low which has led many first-time homeowners into the market. Meanwhile, current homeowners are downsizing into smaller homes for a simplified life or to eliminate debt. Others are looking for larger homes to accommodate mom and dad, the in-laws, or adult children that need help. Many people are leaving their home states completely and settling in less expensive areas. Whatever the situation is, this is a need that your business could provide.
The moving industry has seen record demand for its services for the last three years. All of the large van lines – United, Mayflower, Allied, Bekins, etc. – have more business then they can handle. The same is true with local movers. Statistics from movebuddha.com show that nearly half of moving companies are completely booked at least three weeks further than in previous seasons. Customer complaints about cancellations have risen 250% compared to 2019. Moving rates are at an all-time high with no slow down in sight, making it a great business to start in 2022.
It Takes Minimal Equipment
A moving company may be one of the easiest companies to start. You can start small and scale relatively easily at the pace you are comfortable with. While you will need some larger moving equipment, it will be minimal and there are some great options to get you started. The biggest item you will need is a moving truck. However, you can rent a truck at an hourly rate until you accrue enough money to invest. Have a friend with a truck or flatbed? Invite them to join your business and you’ll not only have the equipment you need, but you’ll also gain an extra hand or reliable business partner. You will also need to purchase smaller items such as dollies, straps, and packing materials.
In order to get off to a good start, you will also need a website and a company logo. Think of a catchy company name that will draw attention to your business. This will be a huge part of your marketing plans for many years to come. You will also need business insurance. With just these items, you can get the ball rolling and start generating revenue to grow.
A Resilent and Recession-Proof Business
The moving business is virtually recession-proof. While many services become an unnecessary luxury during hard economic times, moving is a constant need. It’s an unfortunate truth that many people will no longer be able to afford their homes during a recession and will need to move. Investors and buyers with means will enter the market during a recession to take advantage of lower prices. If people lose their jobs, they may need to relocate as well. All of these situations create a need for moving services.
Not only is moving recession resilient, but it’s robot-proof as well. Automation is making a lot of progress, but it’s highly unlikely to replace movers in our lifetime. It takes skill to pack up belongings, prep furniture, and move them from point A to point B.
Understand Your Market
If you’re going to start a moving company, make sure you take the time to research the businesses currently serving your area. How large are these moving companies? What kind of services do they offer? What are they charging? Is there anything that you can do that will help you differentiate yourself from your competitors? Look into your state and county licensing requirements. Normally these are very minimal for moving companies. Researching this information will help you develop a business plan and set you up for success.
Ready to Start Your Moving Company?
Most of the people that generate real wealth in this country did it by taking risks and owning a company that provides value and service that fills a need. Moving companies are needed now more than ever. If done correctly, you can start to make a profit in as little as a month. Nth Zone ™ Moving can help you get started. If you’re interested in getting a FREE moving company evaluation, contact us today! We look forward to helping you grow.
Ready to Get Started?
Ready to start or grow your business? Send us a message today to get the ball rolling on your own Moving success story!