If you are looking for a way to make money, starting a hauling service can be a great way to get started. You can earn a fair hourly wage and offer local services. There are several things to consider before getting started.
First, you need a truck. A one-ton pickup truck has a load capacity of 2,000 pounds. If you need to haul more, you can upgrade to a cargo van, which can carry up to 3,500 pounds. In addition, you will need liability insurance and cargo insurance. These insurance policies will give you peace of mind and build customer relationships.
The next step is to register your business. This can be done through your local city. Depending on your location, you may need to pay a business license fee to the city. Getting a business license is also a good way to ensure that you are following the law.
When you have the necessary tools and the right vehicle, you can start earning money. To start, you should check the demand for your services. Your first customers should be people who are in need of your hauling services. Ask family and friends for referrals. Creating a Yelp page or a gig referral app can also help you find customers.
Once you have a customer base, you can advertise your services to a wider audience. One of the easiest ways to do this is by using a gig-referral app. Apps such as GoShare are designed to match drivers with trucks or vans that need a load. They also offer supplemental cargo insurance.
Another option for starting a hauling business is to become an independent contractor. If you are self-employed, you will need to comply with the IRS’ requirements for operating your own business. You will also need to meet the requirements of your state, including liability and intrastate commercial vehicle regulations. It is a good idea to consult a legal or financial advisor before beginning your business.
Invest in a clean and reliable vehicle. The truck you choose will depend on the size of the hauling job. Minidump trucks are ideal for large cleanout projects. Even if you don’t own a truck, you can purchase a trailer to attach to your current vehicle.
If you’re planning to work independently, you should contact a commercial insurance broker. Liability insurance can protect you from any damages that happen while you are working on the job. Keeping the truck in good condition will also help you build trust with your clients.
The most important piece of equipment to have is a reliable truck. Hauling businesses should invest in a high-load vehicle to take on larger jobs. However, this can be an expensive investment. While it will give you more profit, it will also take more time to repay the cost.
The best way to ensure you have a successful hauling business is to be knowledgeable of your laws. Some cities require permits for hauling services. Other areas have no business registration or license requirements.