Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$63

$200

Vehicle Expenses

$2

$10,004

Retail Business Expenses

$1,250

$5,450

Inventory Expenses

$0

$5,000

Training & Education Expenses

$0

$1,000

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$75

$3,486

1-800-Got-Junk

1800gotjunk.com

80,344

Junk King

junk-king.com

160,923

Bagster®

thebagster.com

228,919

Hauling N Recovery

haulingnrecovery.com

367,718

Kollect On Demand Ireland

kollect.ie

368,183

Trash Warrior

trashwarrior.com

776,185

Humpback Junk Removal

humpbackjunk.com

1,012,234

Junk Removal Now

junkremovalnow.com

1,095,559

A Plus junk Cleanup

ajunkcleanup.com

1,197,372

Magenta

magentaincny.com

1,443,016

Junk Buddy

yourjunkbuddy.com

1,465,118

Rewarding work

Starting a junk removal business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

No overhead costs

To get your junk removal business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

High margins

The gross margins for your junk removal business are typically around 41%, which is considerably high and allows you to grow your business and manage costs easily.

Quick build time

The average time it takes to build your product is quick - typically around 10 months. This will allow you to bring your product to market faster.

Daily physical activity

Junk Removal Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.

You are your own boss!

With starting a junk removal business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

High employee turnover

In the junk removal business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Work can be repetitive

You may find creating the same product over and over repetitive and tiresome. One way of avoiding this is to diversify product lines and revenue streams - this will keep things interesting!

Time commitment

With starting a junk removal business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Impatient customers

You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service.

You might struggle financially (at first)!

If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation.