Every week people dispose of their waste, and if you’re the one providing the dumpsters for them, you could make a very tidy profit. Starting a dumpster rental business may not seem...
Every week people dispose of their waste, and if you’re the one providing the dumpsters for them, you could make a very tidy profit. Starting a dumpster rental business may not seem like the most glamorous business venture, but it can be one of the most lucrative. This year has seen it become one of the biggest side hustles, as evidenced by the thousands of videos that come when you search “dumpster rental business” on YouTube.
A dumpster rental business offers various sizes of containers to be used for waste disposal and management over a rental period. They are typically used by contractors working on building sites and people redecorating, moving home, or clearing rubbish. As you can imagine, this means there is a lot of business to be had.
Dumpster rental is an open-ended business as there are no specific requirements for starting your own company renting out dumpsters. Although, it would be helpful to have some knowledge and experience of the waste disposal industry. There are also the general tasks that would go into starting any business.
It would be best to conduct your own market research to see what other companies are doing, the demand, and what you should be charging. It would help if you also looked into what is involved in dumpster rentals and what costs you need to be aware of before planning your business. Knowing how to set up a dumpster rental business and make enough profit to make a decent wage is key to starting in this market.
As with any rental business, the upfront costs may be much higher than starting a more traditional company. The most expensive thing you will have to buy is a dumpster truck. After all, it would help if you had something to carry your dumpsters to customers.
You will also need to factor in the cost of purchasing dumpsters to rent out. As well as consider other minor costs, including uniforms, business premises, and additional miscellaneous expenses when starting a dumpster rental business.
There are many different kinds of dumpsters to choose from so it pays to do your due diligence and find the ones that are right for you and your customers. Too small and they won’t meet your customer’s needs, too big and they will become cumbersome to use.
As with any new business, you can’t dive in head-first; you need to start with a business plan. This plan must be precise and comprehensive as there is a lot of investment involved and it needs to be easy to understand within five minutes. This can also be used to help validate your idea before you make any investments and enable you to decide if this is the best decision for your future
Next, you need to come up with a name for your new dumpster rental business. This isn’t something you should rush as it is likely to be used for a long time, and rebranding once you’re established, can be a nightmare. Instead, it should be relevant to the dumpster niche and be understandable by anyone who comes across it. This means no flashy names that aren’t related to your business at all.
Work out who your target market is and how you are going to market your business to them. This is a good step for any new business to take and helps to validate the viability of your business before you have made any investments other than time. Make sure that it is specific to the area you are targeting and is detailed enough to reference later.
Of course, you need to register your business and acquire the appropriate permits to allow you to operate your dumpster rental company. These will usually be filed with your local government, and you should be able to find more information on their website about the process you need to go through to get the permits.
Finally, you will need to market your business through advertising. This will help to boost the visibility of your newly found dumpster rental business. It would be best to consider advertising through social media, print media, and billboards to achieve maximum exposure for your company from the very beginning.
The best way to get customers to engage with your business is by creating an attractive website as this will provide them with a place to get all the information they need and book a dumpster in their own time. To make it easier for people to find your website, you should include it in any promotional material you use for your business - whether this be social posts, flyers or advertisements in print media.
You should account for cleaning and maintaining your dumpsters too as you know how messy people can be. As you can imagine after just one use, your dumpsters could be in need of a clean as this can be a major factor in people’s satisfaction with your dumpsters. People expect a clean dumpster that they can throw their waste into and the last thing you want is a customer having to deal with someone else’s mess.