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August 28, 2020 What Goes Into Starting a Moving Company?

A guide to the finer details of starting a moving company.

Starting a moving company is an exciting endeavour but it takes hard work and commitment to ensure you succeed. While the barriers to entry are relatively low and you don’t need a huge investment of funds, a lot still goes into running a successful moving company. Entrepreneurs interested in getting into the moving company niche will have the best chance of success if they set themselves up with the right equipment from the very beginning.

To start a moving business, you will need a van that will meet the needs of your business. Typically, you will need at least one employee to help you with the physical work and investing in trolleys and webbing straps will help you to transport and secure leads with ease. However, before you go out and start buying everything you need for your new moving business, first you need to take some time to iron out the finer details of your new enterprise.

Let’s take a look at some things you need to consider before you start a moving company.

Market Research

When you’re starting any business, you need to analyse the market to ensure that there is enough demand for your offerings and that the market is not already saturated. Take a look at the competition first and make a list of the services they offer, the rates they charge and the locations they serve. This will give you a clear idea of where your target demographic is located. With this information, you can gain a better picture of how you can compete in the market either through offering more competitive pricing, extra services or other unique selling points that will help you stand out from your competitors.

Which Service To Offer

Removal companies typically offer a range of services. Rather than just listing every possible service on your website and other marketing materials, it’s often better to start with a few key services and expand your offerings over time. This will allow you to become familiar with the business without becoming overwhelmed, which can happen all too often to entrepreneurs who take on too much, too fast. Some services that you moving companies offer are commercial and residential removals, packing, organising insurance, storage options, relocation packages, interstate removals, crate and packaging hire, and a range of other offerings. Decide on a few key offerings that are in demand early on and you can continue to offer additional services in the future.

Advertising Your Business

No matter how you choose to operate your moving business, or what services you decide to offer, you will need to get the word out about your new venture. There is a range of ways that you can do this nowadays, including more traditional marketing avenues such as radio, TV and print, as well as a range of digital marketing choices Start by telling all of your friends and family about your new business and contact any previous colleagues or local business contacts you might know to help spread the word. Sign up for a Google My Business Account and build a website to establish an online presence. As a local business owner, local radio, event sponsorship and local newspaper advertisements can help to create a buzz about your moving business.

Get Your Moving Company Off To The Right Start

Starting a moving company is a big undertaking but with some careful planning, there’s no reason that your business won’t be a huge success. Start by analysing the market carefully to ensure there is enough demand for your services. Invest in the best equipment to allow your business to operate efficiently and start advertising to your target demographic. In no time, your business will be an established entity in the market that you continue to grow into a major player over time.

 

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A childhood in Kansas, college in California where she met her early mentor, Leigh Lytle spent 15 years in the Federal Reserve Banking System and is now the 1st woman President & CEO of the Equipment Leasing & Finance Association. Join us to hear about her ambition to be a great leader.