Dumpster Rental Business Tips + Money Guide
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- čas přidán 7. 08. 2024
- It’s always good to know someone in any business who is willing to share their knowledge and experience, and that’s me. In this video I'm going to give some tips that have worked well for me and also my dumpster money guide . I share everything from having a backup truck to financing your business to offering cancellation insurance to your customers.
This is an episode you aren't going to want to miss. Stay Loaded friends.
Looking to finance a new truck, or dumpsters? Here's two guys I trust and personally recommend.
- Nathan Clark with Streamline
Phone: 330.285.3329
Email: nathan@streamlinefin.com
- John Paul Flanagan with Jupiter Financial Services
Phone: 561.876.2687
Email: jpflanagan@jupfin.com
When I went out on my own 20+ years ago
My approach has always been
" If the business survives then so do I."
It is now changed to
"When my business is successful, so am I"
Well said. Too many people are looking for that instant success when they start a business and we all know that sacrifices are part of that recipe. Thanks for watching. 🙏🏽
This man is golden! Going to implement the cancellation fee for sure.
It's worked really well for us, and there's a very large percentage of our customers who like the flexibility to cancel if their plans change. It's a win / win for everyone. The best part: It doesn't cost anything, it's straight profit to your bottom line. Thanks for the feedback, and Thanks for watching.
A back-up truck is a must! If you can’t afford one at the moment, I would highly recommend building a relationship with a competitor and having something pre-negotiated for them to move your dumpsters
Great advice my man.
Thanks for posting, I’ve been wanted to hear your philosophy around money! Keep up the good work!
Thanks brother. Drive safely
Agreed. I have a back up trucks for both my cable and my Hooklift trucks. We operate in the northern area that is very hard to get maintenance done and end up doing a lot of our own. The back up trucks have saved me countless times over the years. Great video!
Thanks for taking the time to stop by and check out the channel. Very much appreciated.
Thank you! I like how you give back. Amazing!
Thanks
Great video like always John. I started with my standard rail roll-off trailer and then moved into the Ford F650 roll-off truck . The truck set up is definitely way better and more efficient than the trailer set up, but I as of right now plan on always keeping the roll-off trailer as my emergency backup even as I add more trucks. Some of the advantages of the trailer as a backup in my mind is that they are relatively cheaper than a truck to inure and pretty much able to pull with any 3/4 ton truck and still get the job done.
Agree. I did a video on guys who run trailer setups to keep them as their backups. The simple fact you can pull the bumper-pull style with any vehicle including your wife’s mini-van in a pinch makes them an extremely strong backup. Thanks for watching Dana. 👊🏾
Yep, get rid of the toys, you'll get better ones later. That's IF you have the drive to do it. 100% agree.
Not a fan of the paid for driveway protection. We're not ever assuming risk for a residential driveway. We'll set wood, or use theirs, but there's not gaurentee that their residential driveway will hold up to our commerical equipment. I just wouldn't want to charge for that "protection" and then have an issue.
I always appreciate your input and insights. The driveway works well for what we do, but I understand your position. Thanks for always the trust and support.
Another banger video. Thank you
Thanks for watching.
Thanks for your advice ❤
Most welcome. Thanks for stopping by the channel and checking a few of our videos out.
@@samedaydumpster you are inspiring small businesses my friend thank u 🙏
Awesome video thank you.
You bet! Thanks for taking some time to check out a few videos. very much appreciated.
100% on having a backup!
Trying to be successful in this business without a back up or plan b for your truck when it goes down is a death march IMO. Thanks for watching.
John, love your videos. Straight up and no BS! They open up my thinking about the dumpster rental business. You always have a couple of nuggets in there I can really think about and/or apply. That said, on a reg cab 26k truck (not derated), what do you feel is the ideal CA measurement and Palfinger 54” lift when often approaching your weight limit 26k? CA 12’? (To jump the gun, curious what CA is on your new Peterbilt?). Thanks, Keith 🇺🇸
For s 26,000lb chassis, I would run a Palfinger T22. It will take 12’ - 16’ cans and still has a quite short wheelbase for tight areas. My new Peterbilt is only about 16” longer than my 6500.
Great question. I appreciate you taking the time to watch and support my channel. Thank You. 🙏🏽🙏🏽
John, so I got it right, your preference is a 12 foot Cab to Axel (CA) length for proper weight distribution on a 26k chassis regular cab and not de-rated? 🇺🇸
@@keithignatowicz5271 CA = 108” - 132” anything in that range will work. Stay away from the shorter “84 CA and anything longer than 132”. That’s correct, that’s my preference
@@samedaydumpsterI’m glad you mentioned this. I was looking at a Mack MD642 with a 6.7L Cummins. Problem is, it has an Allison 2500RDS and not the 3000. So no live gear for the PTO. Which transmission do you have in the Pete? Allison 3000 or Paccar TX8?
@@HighSpeedChase762 Allison 3000 series
What app do you use for your website bookings. Cancellations etc
i’ve got a 2019 f250 6.7L and a 14k texas pride roll off trailer. i have 7 dumpsters and would have to get them all modified to do hooklift? think it would be wise to sell my truck and trailer and get a 6500 or f650? I’d have to daily drive it or just get a cheap cash car to daily drive.. how many MPG do you get on the 6500? i’ve been wanting to do this option for a while just would like your input
11.8 mpg on both my 6500’s. That’s average since the day they were both new. Loaded, unloaded, idle time, everything calculated into that 11.8 mpg.
I personally wouldn’t spend the money or resources trying to retro-fit trailer style dumpsters to hooklift. I would sell them off, Thank them all for a job well done and buy the correct dumpsters for your new truck. Having and using the correct tool is absolutely essential. Don’t get caught trying to run your business on the cheap, not in this game. That’s my $0.02 cents worth my friend.
Would it be easier / better to take over an aging dumpster business or start from ground zero?
I personally wouldn’t ever buy another business. My philosophy is “I can build something better than I can buy.” Obviously every circumstance is different, and I’m sure there are businesses out there worth buying, It’s just not something I would entertain. Great question!
Thank you for your time and advice.
Back to purchasing an established business...
So much would be in place, land, building, permits, phone, equipment, employees...
I am comfortable with all things machinery, growing up in ranch and farming, then driving 1.5 million miles with a class A cdl.
My current business does not have a standardized pricing structure, which is why something that does... looks appealing.
I heard a guys 2023 went down and the dealership said it would be 4 weeks BEFORE they would even look at it.
That’s an unfortunate but very real life situation happening everywhere. Everyone should have a way to back themselves up in the business. For that guys business sake, hope he gets repaired sooner than that.
Truth
Thanks for watching Chad. I appreciate the support. Keep up the great work
This is freaking brilliant.
Serious question, if I buy cancelation insurance for $49... then I cancel everything... do I also get the $49 back too?
No… think about it like this: If you pay your car insurance and don’t wreck your car, does your insurance company give you your premium back? Nope… that’s the point of the insurance.
They sure don't, lol, thanks! I think your content quality is excellent and I think your channel will continue to grow.@@samedaydumpster
Where did you get your rollepads?
www.rolliskate.com
@@samedaydumpster 🙏
Hey, I am in sherbrooke quebec Canada. We have 3 bags guys here already all of them have 10 to 12 wheels cable roll off. Which is fine and I driven for those companies in the past.
I always want to start my one thing and I know I have the chance right now. I going small, haha no I don't mean business wise. No-no, I'm going rolloff small. I'm looking at international cv hock roll off trucks. Why? Why not? I will be able to fit in those areas where the big guys can't. Best part those big companies don't care cause they already many the big $$ with there 30 and 40 yards. So I'll offer the 8, 10, 12, 15, 20 and 25. If the clients need a small sizes then it will be my business. Anyways, I'm at the late homework stages and getting all the ideas that I can to start this soon.
If you have the time, any tips, ideas that would help me start this..with a bang?
My next step is to call all the big guys to find how much for there rentals and after financing. I would appreciate any ideas that could help. Love your channel BTW and your ideas that I have seen so far. 😊
You are doing all the right things at this stage. So many guys won't and don't do their homework. Sounds like you're smart and well informed. My suggestion would to be... " Watch as many videos on CZcams as you can! Not just mine but a few other guys that have some great content as well. It's all free information and its a great way to learn how to excel quickly. Thanks for watching and Welcome to the show my friend.
@@samedaydumpster thank you 🙏
@@samedaydumpsterI’m in the process of watching all of your videos and reading all of your comments and responses on all of your platforms. How’s that for homework?
Do you have staff or other Drivers?
I currently have one apprentice that is learning every aspect of our business. He hasn't started driving solo yet, but will start operating his own truck within the next few months. right now... it's just myself making all the deliveries and pickups.
3000k a day ?
How many dumpsters do you have and how many rentals a day/week/month do you average?
I'm curious also
Yes $3,000 / day is what my truck is currently worth to me in revenue.
@samedaydumpster
I'm still very curious to know how many rentals you average a month and how many dumpsters you have?
Thanks
Now that’s a completely different question. One I’m eager to answer. In fact I have an episode on its way breaking down numbers of rentals by the day and week and even month to help guys understand what is possible. I’m glad you reworded this way. I think you’ll be pretty interested in that video coming very soon my friend.
I'm at 18 percent they all pay themselves
Is the $3,000 per day covered in another video?
I've mentioned it in few different videos. I explain to guys that they need to know what their truck is worth each day to them. Its pretty easy to figure out. For me, my number is $3k
@@samedaydumpster Awesome, I’ll keep an head open for it.
White Rolliskate for the win doesn’t leave marks like the black ones
Agreed. Bonus Fact... Most every delivery we make is on a concrete driveway, that's why the white ones are money for us.
🦾🦾🦾
Thanks Brother. Keep Florida hustlin my man!