How to Start a Moving Company

How to Start a Moving Company

Many industries are under assault from technology and are going to eventually see serious implications from the convenience of technology – for example the Taxi Cab industry thanks to Uber and Lyft. The Moving Industry, though experiencing great help from technology, cannot be replaced because when it comes to moving, the items must be physically moved without damage for a successful job.

We have yet to see a computer that can move a couch through an old stairwell!

Whether you’re a young an ambitious entrepreneur or a seasoned business person, starting a moving company can prove to be a fruitful venture. Let’s take a look at the things to do and consider to start a successful moving company:

  1. Business & Legal – Undoubtedly, the most boring (but important) part of getting started is making sure you’re legal allowed to perform business in your state, or any state you plan to conduct business in. You should form an S-Corp, LLC, or incorporate your business in your state and then apply for state licenses and register with the US Department of Transportation.
  2. Business Plan & Model – On the surface this seems pretty straightforward, but actually it is not. As a new business owner, you have to decide who your target market will be and what kind of moving company you will be. Are you going to need warehouse space or strictly do A to B moves? Are you going to target residents, businesses or both? What size and how many trucks are you going to get? To avoid wasting money and time, it’s better to have these answers so you can effectively reach and service your customers.
  3. Costs – With any new business you should make a list and projection of all your costs. Now that you’ve decided on your business model you can make a list of your expected costs. Here are some examples for your moving company:
    • Trucks
    • Labor
    • Space (Storage & Office)
    • Moving Equipment
    • Insurance(s)
  4. Revenue Models – Obviously, Moving! But outside of A to B moves, moving companies can make a lot of additional money that can make for a more lucrative business. Some examples include packing and unpacking, storage, additional costs (stairs, etc.), and bidding for commercial contracts.
  5. Operations – Because you’re going to be a great moving company owner its better to be organized from the onset than to wait for things to get hectic and then try and tie it together. Great movers are using Movegistics, a robust software product that enables owners to customize process, reporting, and logistics through one beautiful platform. It also provides your customers with an incredible portal that makes your company look great and provides them with a GREAT experience. Easily tie all of the important functions of your moving company together with Movegistics’ software for movers.

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