When conducting costing and economic analysis for your dump truck business, you just have to critically examine these key factors; place, pricing and promotion. A professional business plan writer can be a big help in creating a first-rate plan. In essence, you must come up with creativity and innovations if you must carve out a market for yourself within the available market in your community, city, state or country. We tell you what you need to know to get started. You might not want to have a traffic notice receipt just because you were caught parking your trucks in … Make sure to spread the news about your new RV rental business. Non-Transport Commercial Equipment Trailers for Rent. Engage the services of marketing executives and business developers to carry out direct marketing for you. Protect your Intellectual Property With Trademark, Copyrights, Patents, 11. (Q&A) I have compiled 7 of the most asked questions regarding the dumpster rental business. They come in various sizes. It is important to state that this equipment can be purchased as fairly used if you are operating on a low budget. Potential Customers: Run the idea by informal focus groups which should not only include friends and family, so that you can get objective feedback. Over and above, you would need a minimum of 5 to 10 key staff members to effectively run a medium scale but standard dump truck company. Your corporate identity has a lot to do when it comes to building a business that is profitable and can last long. The level of competition in the dump truck industry to some extent depends largely on the location of the business, your niche area of operation and of course the capacity of your dump truck company. Although there are competitions at various levels in the industry, but if you are able to come up with a good business strategy, then you are sure of getting your own fair share of the available market in the industry. Thinking about opening a trailer rental and leasing commercial and industrial business? This will help boost your chances in the market place when marketing your services. Using a cargo trailer for your long distance move protects your goods from extreme weather conditions and keeps your belongings safe inside the trailer with a padlock. These are some of the factors you should consider before choosing a legal entity for your dump truck company; limitation of personal liability, ease of transferability, admission of new owners, investors’ expectation and of course taxes. Conduct Market Research and Feasibility Studies, 4. Promptness in bidding for transporting large quantities of construction materials, machines, equipment, dirt, rocks, building materials, sand et al from corporate organization. Open your dump truck company with a party so as to capture the attention of residents who are your first targets. But whenever possible, we recommend carefully surveying the business-for-sale marketplace before committing to a startup approach. Dumpster Rental vs. So you could start a business that allows them to rent specific pieces. Once you've finished assessing the competion, you really ought to learn as much as you can from somebody who is already in the business. A successful trailer rental service business, even if only as a part- time operation or just starting as a home based business needs to map out its course, goals, and objectives. Upgrading to a ‘C’ corporation or ‘S’ corporation will give you the opportunity to grow your dump truck company so as to compete with major players in the industry; you will be able to generate capital from venture capital firms, you will enjoy separate tax structure, and you can easily transfer ownership of the company; you will enjoy flexibility in ownership and in your management structures. In every industry, there are always brands who perform better or are better regarded by customers and the general public than others. Despite the fact that Waste Management Business involves both small operators with just a single dump truck and large operators with a fleet of dump trucks scattered all across the United States, that does not in any way make the industry to be over saturated. Prior to opening a trailer rental and leasing commercial and industrial business within your community, it's a good idea to see how strong the competition is. Identify your potential competitors and watch their every move. If you are just starting out you may not have the financial capacity or required business structure to retain all the professionals, especially maintenance team, that are expected to work with you which is why you should make plans to partner with specialists in the industry. This is so because the nature of the business makes it possible for you to successful run the business without having any cause to challenge anybody in court for illegally making use of your company’s intellectual properties. This will enable you properly locate the business in a community or city with the right demography; a location that can readily accept your services. renting out my dump trailer 6x12 5ton, either i can drop it off and pick it up(extra charges) or you can use it behind your truck. Home // Equipment Trailer Rentals; What better to pair with your … Copyright © 2001-2020. If you have enough capital to run a pretty large and well equipped dump tuck company with a enough parking lot for your dump trucks/tippers, then you should consider the option of long lease or out rightly purchasing a land; when you lease, or purchase a land, you will be able to work with long term planning, structuring and expansion. A carefully crafted business is your trailer rental and leasing commercial and industrial business's most important asset. Simply enter your city, state and zip code to get a list of trailer rental and leasing commercial and industrial businesses in your town. It is a fact that you cannot successfully run any business in the United States without the proper documentation.