Pros & Cons

Start A Junk Removal Business

Pros & Cons

Trying to understand the pros and cons of starting a junk removal business?

Here are all of the pros and cons of selling junk removal online:

Pros Description
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.
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.
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.
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!
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!
Local Community One of the best parts of starting a junk removal business is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.
Higher likelihood of getting referrals The junk removal business is all about referrals, which is a very effective way of attracting and retaining customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product.
Simple business model A junk removal business has the advantage of a simple business model, which makes launching and building the business more seamless.
You can decide who you work with Gone are the days of working in a toxic work environment with employees that you may not vibe with. As a small business owner, you get to decide who you work and surround yourself with.
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.
Minimal experience required Starting A Junk Removal Business requires little experience and no specific certifications or qualifications. To be successful, you need hard work, determination and the desire to achieve greatness!
Strong Demand & Relatively Recession Proof The demand for junk removal business is increasing year over year and the business is known to be relatively recession proof.
Easy to Learn The Business When starting your junk removal business, there is a ton of information readily available to you online (Facebook groups, Youtube videos, Starter Story etc). This will help you get the business started and answer any questions, doubts or concerns you may have.
Cons Description
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.
Time commitment With starting a junk removal business, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.
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!
Impatient customers Your junk removal business may offer an engaging user experience for your customer, but it's important to note that customers expect a lot when it comes to your product, and are more likely to become impatient with you and your product if there are any bugs or equipment breakdowns.
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.
More of a challenge to run your business from home! Running your business from the comfort of your own home is a big appeal for many entrepreneurs. With a junk removal business, you are more likely to run your business out of your office or storefront space.
The job can be demanding This is one of the major disadvantages starting a junk removal business. It's important to understand that you may need to make yourself available on a 24/7 basis.
Work is not always glamorous With starting a junk removal business, you may need to get your hands a little dirty. Although it may seem glamorous from the outside to start this business, the work can require a lot of physical activity and repetition.
Equipment Breakdowns Starting a junk removal business involves quite a bit of expensive equipment. Over the years, your equipment will be damaged, will break down, and will need repairing which can be expensive. It's important you prepare for these expenses and try to avoid damages/wear & tear as much as possible.
Answering Phones The junk removal business is still considered a traditional business, which means answering phones is a big part of the job. If you or your team miss phone calls, you could be missing out on potential revenue opportunities. If you are unable to attend to your phone throughout the day, it would be in your best interest to hire a call center or an employee dedicated to this.