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/biz/ - Business & Finance

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13189419 No.13189419 [Reply] [Original]

If you had $100,000 to invest into a business, do you think buying 2-3 of these bad boys and hiring some cheap laborers or even skilled laborers to begin a moving company would be profitable?

>> No.13189438

priced in

>> No.13189454

>>13189419
any service based industry is a good bet but be aware you will be working very very hard

>> No.13189468

>>13189454
Could it be possible to task out the hard work to cheap day laborers?

>> No.13189510

>>13189419
ok so this business i kinda like landscaping; easy to start up and quite profitable if you do it right.
Takes a whole different strategy from landscaping though. The problem is the market is flooded with overpriced, low quality movers. Unlike landscaping, where you develop a relationship and rely on word of mouth, you are incentivized to charge as much for as low quality of a job as possible. You don't get repeat customers no matter how quick/safe you are or how reasonable your prices are.
Think of this job as an advertising puzzle. How do you get people to call you when they are moving? The secondary responsibility you have is to make sure your movers/drivers are mostly sober. If you aren't doing that it means you are paying too much for workers and their competence is eating up your profit margin for no good reason.

>> No.13189529

>>13189510
So incompetency is good in hiring workers?

>> No.13189538

>>13189510
This is a good point. It is more expensive to get a new customer than to keep a current one, so you'd end up having to constantly advertise if you own a moving company. While if you have a landscaping company, at some point you could technically stop actively looking for new customers or work towards expanding.

>> No.13189560

>>13189419
You do understand that industry is going to be all robots in 5-10ish years right?

>> No.13189566

>>13189419

over-saturated market

>> No.13189576

>>13189419
That's how Escobar started

>> No.13189579

>>13189566
This.

You won't even be close to being able to compete you will be out of business in a week's time

Horrible idea lmao

>> No.13189589

I would do shipping. Like within 2 or 3 states distance.

I got a buddy who works in logistics and says there's a fortune to be made there. Companies will spend 1k to 3k to send a truckload of goods about 1000 miles.

>> No.13189603

>>13189529
more like cheapness and consistency is the key to hiring... so yeah expect a bunch of washed up, alchoholic 30 year olds because who else would be willing to move furniture for the wages you are willing to pay (aka the wages you have to pay to stay competitive and profitable against the other moving people because this is a very low entry business).
Expect to handle irate customers when one of you goons breaks a priceless family heirloom lamp and you have to convince them to take a $20 bill reduction and make them understand that's the best outcome they are going to get.

full disclosure I have never run a moving business but I do know how business startups go and drink with a guy who has one. Does not sound easy at all. I do not envy him even though hes in a good spot now.

>> No.13189606
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13189606

I do this

No college and I make about as much as some shit bag with a 4 year degree

Save near 70%

Sell shit rich people give me as side hustle

Have no debt own a home and a years salary in the bank

I pay for this hard labor nightly

AMA

>> No.13189637

>>13189576
Underatted

>> No.13189646

>>13189510
bump for helping OP

>> No.13189674

>>13189510
So by that respect, would landscaping be a better idea?

>> No.13189681

>>13189419
Real estate is the way to go. If you price it around 1k per apartment, you're pretty much guaranteed to get business.

>> No.13189734

>>13189674
my landscaping friend is much happier.
Remember, you are a human. How you get money has a huge impact on your life once you have money.
He gets to build relationships and deliver a product that has at least some relationship to beauty. It is also an easier business to sell (which means you will get a higher price per hour invested into the business) because you have an established client base.

>> No.13189754

>>13189468
they wont respect you. plus a huge problem with owning a business is getting good help. in which case YOU would need solve the problem/do the work should they not come or quit

>> No.13189764

>>13189674
op u really need to know the business before opening one. u cant just start a landscaping business with no experience u will fail so miserably and lose tons of money

>> No.13189794

>>13189674
fucking spic

think about it you are thinking of becoming a spic

LMAO

>> No.13189804

>>13189794
I’m actually white.

>> No.13190363

>>13189589
Shit tier idea. I work for a small business that ships 1-2 palletized orders a day. We get calls from 5 brand new freight brokers per day. Market is completely saturated. You're better off buying a fedex ground route.

>> No.13190375

>>13189794
Landscape architecture =/= cutting grass you absolute mouth breathing mongoloid.

>> No.13190563

probably depends where you live and by that i mean how much competition and how much marketing you're going to do. a company can completely disrupt a market that people typically have no loyalty in by becoming the well known name. i've never run a business but makes sense to me

>> No.13190759

>>13189606
Do you use legal residents as your labors or illegal immigrants?

>> No.13190775

>>13189468
Yeah but you’ll only be transferring the hard work to managing the laborers. There are no short cuts. Fucking trust me.