How to Start a Dump Truck Business - $200K+ a Year!

Описание: Thinking about starting a dump truck business? Whether you’re a CDL holder tired of being underpaid or someone brand new to the industry, this video breaks down everything you need to know to launch your own profitable dump truck operation.

In this video, I cover:
✅ Startup costs (truck, fuel, insurance, DOT, LLC)
✅ How much money dump truck owners really make
✅ How to get dump truck loads and build a client base
✅ Tips for marketing and networking in your local area

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Know your costs associated with starting:
Reliable Used Tri-axel Dump Truck: $100K
Down Payment: 10% = $10,000 = $90K loan.
$90K Loan = 6 Year Note = $1,500 a month
Insurance: $10,000 a year = $3,333 a month
425 Gallons of Gas a Month = $1,900 a month
TOTAL Monthly Cost: $4,233 - $50,796 a year

How much money can we make:
Average Rate per Load: $160 - $200 = Average: $175/per load
Average Loads Per Date: 5 Loads
6 Days a Week = 30 loads a week = $5,250 a week
$21,000 monthly income = $252,000 a year.

CASHFLOW:
$21,000 a month income
$4,233 a month in expenses
==$16,767 in profit per month!
Annual Profit: $200,000!

Ability to Scale. Since we are cashflowing so much we need to reinvest back into the business and get another dump truck. As you grow your business, you can get out of the truck and get into the office.
Find drivers you will pay by load or pay them by the hour.

Think of all the ways in which it can fail. Create Strategies around minimizing it.
1. Can't get loads. You failed to network with other dump truck companies, aggregate companies, general contractors, etc.
2. No showing. You need to do what you say you will do. If not, people will never call you again.
3. Safety and Insurance. If you get DOT violations and have a ton of insurance claims. No insurance companies will want to quote or you will have to pay way to much.
4. Failing to Scale. Not creating relationships with other drivers in preparation for growth.

Legal Up.
1. Create an LLC
2. Buy Insurance. Look up wexfordins.com
3. Attorney to review your contracts.

Commit to Starting.
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