HOW MUCH MONEY DOES MY DUMPSTER BUSINESS MAKE???

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Life's Apprentice

Life's Apprentice

Күн бұрын

Пікірлер: 144
@michaelfisher7283
@michaelfisher7283 4 жыл бұрын
It's a great business!! I'm also in the dumpster business. We run two roll off trucks best thing I ever did. Sky's the limit once your established and you have contracts with builders contractors your laughing. Keep it up your doing great and you just started!!!!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
thank you for your encouragement! sky is the limit!!
@cjspressurewashingsoftwash7101
@cjspressurewashingsoftwash7101 4 жыл бұрын
Thank you for taking the time to make this video. You continue to inspire me as I’m very interested in getting into this type of business. I also appreciate your transparency.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
THANK YOU!!! GO DO IT!!!
@healthymentality7247
@healthymentality7247 4 жыл бұрын
The best break down I have seen. Thanks!!!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
thank you
@acenda-r2d2
@acenda-r2d2 4 жыл бұрын
Awesome vid man, this is inspiring. You break it down to show $100k per year is doable. And in fact, very doable.
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
You can do it!
@DavidG74
@DavidG74 4 жыл бұрын
Great video man. Thanks for breaking the revenue and profit down. I'm definitely getting started in the Dallas area with junk removal and dumpster rental. I'm picking up my first dump trailer tomorrow and June will be my first month of operating. May God continue blessing you brother!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
go get it!!!! if you ever have a question ask me i will give you my best answer. put the time in and you can do it! it may be a struggle at first!
@DavidG74
@DavidG74 4 жыл бұрын
@@Lifes_Apprentice Will do. Thanks!
@inc3ptiiion708
@inc3ptiiion708 4 жыл бұрын
@@DavidG74 how is your business going in the dallas area? Looking to get started in the metroplex also
@nocarbsnation
@nocarbsnation 4 жыл бұрын
Great video! Thank you for posting! Have been thinking about the dumpster business for some time. Your video is the best one I've found yet
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
Glad it was helpful!
@northtexasdumpsters9148
@northtexasdumpsters9148 4 жыл бұрын
Dropping off my first dumpster tomorrow!!!🙏🏼😎
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
that is awesome!!! congrats!!!
@northtexasdumpsters9148
@northtexasdumpsters9148 4 жыл бұрын
Life's Apprentice I’m on dumpster 4 & 5 now, this was just supposed to be a side hustle. I’m thinking it’s gonna turn into a lot more.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
@@northtexasdumpsters9148 IT CAN BE WHATEVER YOU MAKE IT!!!
@Collen_Kidd
@Collen_Kidd 4 жыл бұрын
Hey northtexasdumpsters how are you doing now thinking about getting into to this myself
@northtexasdumpsters9148
@northtexasdumpsters9148 4 жыл бұрын
cjkiller1999 taking off faster than expected, I’ve had to go buy another dumpster already and looking at buying more soon.
@bchill7599
@bchill7599 3 жыл бұрын
Great content.. I did the same to get my bottom line and it shows profit..
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
Keep it up
@michaelpetty8416
@michaelpetty8416 3 жыл бұрын
Great video. In the future maybe turn around and face the light. That will lighten up the picture as a whole and use natural light vs artificial light. Once again, great video and info.
@michaelschauman3290
@michaelschauman3290 4 жыл бұрын
would really be insterested in a follow up video to this being that year end is coming up. It would be cool to see the breakdown of the busy and slow months and how they all averaged out. Great stuff as always!!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
Coming soon!
@livingingreenvillenc6904
@livingingreenvillenc6904 3 жыл бұрын
@@Lifes_Apprentice looking forward to it
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
@@livingingreenvillenc6904 i made my one year video! check it out
@michaelsfabwork2985
@michaelsfabwork2985 4 жыл бұрын
Awsome thank you for breaking the business down. Take care stay safe
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
thank you! you too!!
@fullhousejunkremoval6694
@fullhousejunkremoval6694 4 жыл бұрын
Good on you bro! I have been trying to gather cash in order to do this as well.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
You can do it!
@kylekoverola8654
@kylekoverola8654 4 жыл бұрын
Great job! Hit the spots no1 thinks of anymore
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
Thanks!
@junkremovalquadcities2277
@junkremovalquadcities2277 3 жыл бұрын
Another great video! Thanks for the information.
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
Thanks for watching!
@jeremydaily1296
@jeremydaily1296 4 жыл бұрын
Good job at making the videos dude
@calebmutch7390
@calebmutch7390 4 жыл бұрын
Great video, very well done.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
Thank you very much!
@Wills420913
@Wills420913 3 жыл бұрын
thanks for the video bro!!
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
No problem!!
@midwestinvest8447
@midwestinvest8447 4 жыл бұрын
I’m your 1,000th sub!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
that is awesome!!! thank you!
@bobbynolen3256
@bobbynolen3256 4 жыл бұрын
Good stuff brother thanks for sharing!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
Thanks for watching!
@dashawnbarnett7825
@dashawnbarnett7825 4 жыл бұрын
That was a very great breakdown. Thank you Sir.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
glad you liked it!!!
@danahasson2892
@danahasson2892 4 жыл бұрын
great video thanks for all the info and appreciate the transparency. I agree that is important the factor in labor to figure your true prophet even if you're running the dumpsters yourself because eventually you just want to pay someone to do all the deliveries. A question though I notice that you have two roll off trailers do you actually need two roll-off trailers for 14 dumpsters or was one originally bought as a backup from the old owner
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
the reason is for a backup. it will come in real handy when i get another truck. id say one truck could handle 20 dumpsters depending on the day but some days are just super busy and other days theres nothing
@teaminvictus2375
@teaminvictus2375 4 жыл бұрын
Great job!!
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
THANK YOU!!
@LawnCareProfits
@LawnCareProfits 4 жыл бұрын
I know you will be a multi million dollar business! Great info I’ll be fallowing your progress! I’m in trucking now and this will be a side business I will be starting soon. We will be in the twin city area so kinda close to you. One question how big of a service area do you work (how many miles is normal for you to travel away from home base) and what is the population of town/ city you serve? Thanks
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i live in oshkosh, wi and we operate out of fond du lac, wi both towns of about 70 thousand we travel about 40 miles from our area and will go further but we add charges over 40 miles
@Lee85G
@Lee85G 4 жыл бұрын
This is like my 3rd video and I just subscribed today September 28, 2020
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
well thank you for subscribing! i have alot of videos for you to watch!!
@The-SKYS-The-Limit
@The-SKYS-The-Limit 4 жыл бұрын
Man that's awesome! Thanks for the break down of the expenses versus income. Hey what about the tax burden? Is that factored in? Getting closer and closer to pulling the trigger here and your vids are really helping that. Thanks again man.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
taxes are a touchy subject!!! i have a great accountant. taxes will be a factor but having debt and alot of write offs like buying new dumpsters help. also have alot of depreciation with a new business. i would guess we pay no taxes even though we make money this year
@The-SKYS-The-Limit
@The-SKYS-The-Limit 4 жыл бұрын
@@Lifes_Apprentice I agree. Reinvesting into the company should offset a good little chunk of what Uncle Sam takes. At least we hope so.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
@@The-SKYS-The-Limit IT DEFININITELY WILL!!!! my goal is to grow the business and not pay taxes. the business will be worth way more every year assuming you do that. you will also pay less taxes if you pay yourself the profit and take it from business. in general, and this varies but the business will pay 30 percent on profit and an individual will pay 10 percent. this is a general rule of thumb
@myredeyelife7010
@myredeyelife7010 4 жыл бұрын
Where do you buy the stickers for the dumpsters at?
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
a local printing shop near me
@dclandscapemaintenancellc9922
@dclandscapemaintenancellc9922 4 жыл бұрын
Great Information
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
Glad it was helpful!
@jarrettmyers923
@jarrettmyers923 10 ай бұрын
Hey man if u had time to talk I have a few questions on your dumpsters how much to charge
@Lifes_Apprentice
@Lifes_Apprentice 10 ай бұрын
I do phone consultations. email me
@jarrettmyers923
@jarrettmyers923 10 ай бұрын
@@Lifes_Apprentice what’s the email
@Lifes_Apprentice
@Lifes_Apprentice 10 ай бұрын
@@jarrettmyers923 wjustin1021@gmail.com
@JoshM2121
@JoshM2121 4 жыл бұрын
Do you feel it would be easier with a roll off truck instead of trailer set up??
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i think in the long run the roll off is the way to go. way more efficient and less tires to fix less registrations less hassle overall
@bruhmoment948
@bruhmoment948 4 жыл бұрын
Hey bro I inherited my dads roll off truck and 5 dumpsters was thinking bout selling ..but you inspired me keep it thanks
@timobanks560
@timobanks560 4 жыл бұрын
Great infor
@Lee85G
@Lee85G 4 жыл бұрын
Not bad for fuel
@ChattanoogaDan
@ChattanoogaDan 4 жыл бұрын
How many dumpsters do you own total? Or at least at the time of this video how many did you own to create 39 sales? I'm wondering what type of volume I can expect if I start out with three roll-off dumpsters. I have budgeted enough money to purchase the trailer and three roll-off dumpsters without a loan. I will use the subsequent income to purchase more dumpsters in the future unless it looks like it's going to be worth it to go ahead and buy a couple more up front.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i own 16 now at the time of the video it was 13 or 14... im figuring an average turnover rate of 10 days per dumpster which means ill sell every dumpster 3 times a month. when you have a few dumpsters and business is going good you can try and turn them faster to make more profit. it sounds like you have a good plan in order. go get it!!!
@ChattanoogaDan
@ChattanoogaDan 4 жыл бұрын
@@Lifes_Apprentice that's a solid estimation. I have an opportunity to go in and I'm working on projections. It's tough to project because renting cans for residential customers seems much different than renting cans to contractors.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
@@ChattanoogaDan contractors are an easy sale in most cases but thier dumpsters are in general going to be heavier and they always want to keep them for longer than you will like. you will find this out at some point because you will have to rent to them at some point...its inevitable i would try to avoid this as long as you can
@eddienietzel4848
@eddienietzel4848 4 жыл бұрын
Is there a scheduling and tracking program or app available for this business? Do you currently use some sort of program?
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i am learning a couple different programs right now but dont want to talk about it until i understand them a bit better. there are quite a few out there..
@thekidwiththekung-fugrip3347
@thekidwiththekung-fugrip3347 4 жыл бұрын
What would your storage fee be ? And did you add that to monthly cost
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
the cost is not added in this video but it costs 200 a month
@ReeferRBU
@ReeferRBU 4 жыл бұрын
What’s the average size you use? Is a 12 yard can pretty good or should I go bigger?
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
we have 15 and 20 yard but 12 is a good size
@jackson8140
@jackson8140 4 жыл бұрын
You dont spend on advertising at all? Like google ads
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
we are spending money on advertising now as we grow and get more dumpsters but at this time we did not need to
@ravensfireTCG
@ravensfireTCG 4 жыл бұрын
Credit card fees? I’m assuming that you take card payments. What percentage are they charging?
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
we use a square and they charge 3%
@hhprogressiveconstruction1140
@hhprogressiveconstruction1140 4 жыл бұрын
Are you selling those dumpster to your roofing projects or are they sold outside of your business .
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i use dump trailers for my roofing. its much easier in my opinion! all the dumpsters are sold outside my construction business
@BioHazardra
@BioHazardra 4 жыл бұрын
I would like to start a dumpster business but i dont know if it would work out. there is no one around here that i know of that does it, and what few roll offs ive seen around are from out of this area (southwest VA). should i just take a plunge and try it? should i start with utility trailers with high sides? i only have a half ton truck so a dump trailer is almost out of the question for now
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
you can definitely start with a trailer and start selling them to feel out the market. we live in a pretty rural area and plenty of people need dumpsters. if you are serious about the business you will want to get into dump trailers or roll offs eventually
@BioHazardra
@BioHazardra 4 жыл бұрын
@@Lifes_Apprentice I believe I am going to give it a try possibly next year. I found aluminum dump trailers (didnt know they existed) and i know they are very expensive, but if i dont beat it to death it should last me a long time. a 6x12 aluminum dump weighs half as much as a steel one same size but is double the cost. I should be able to safely tow more weight with a lighter trailer like that i hope
@bradwagner4657
@bradwagner4657 4 жыл бұрын
@@BioHazardra do the research on your truck and what you can do to tow heavier loads like upgraded engine cooling and stiffer leaf springs
@mr.d4295
@mr.d4295 3 жыл бұрын
How many dumpsters did you have in that first month (April) ??
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
11
@charliestout2815
@charliestout2815 4 жыл бұрын
Is your biggest customer, your roofing company. And are "cans" residential bins or dumpsters
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
we very rarely use our dumpsters for roofing. we use a dump trailer 9 out of 10 roofs. our dumpsters are all roll offs not residential dumpsters
@charliestout2815
@charliestout2815 4 жыл бұрын
@@Lifes_Apprentice makes sense to me
@juanaraguz2382
@juanaraguz2382 4 жыл бұрын
How long should I get my dump trailer to start off
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
not sure what you are asking?
@juanaraguz2382
@juanaraguz2382 4 жыл бұрын
The size and more useful dont want to get a size that I'm not going to use
@culturalhouse2643
@culturalhouse2643 4 жыл бұрын
What about income taxes ?
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
income taxes are not included because we will not actually be profitable because we have reinvested all of the profit. depending on how you spend the money the taxes will be a factor. anywhere from 10 to 30 percent
@pd9971
@pd9971 3 жыл бұрын
$5000 a year for maintenance??? What are you driving a Ford??
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
driving alot of miles is expensive
@adrianarodriguez242
@adrianarodriguez242 4 жыл бұрын
do you need to get us dot numbers for the trailers? i just purchased a 7×14×4 dump trailer and i dont know if i need a us dot #. im in GA and its a bumper pull with a Ram dually 3500
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
yes you need DOT #
@MONEYBAGS603
@MONEYBAGS603 3 жыл бұрын
im the same way, but lets talk about all the haters and hate you get when you make it.....it only motivates
@RagingBad
@RagingBad 4 жыл бұрын
Sorry if I missed it but how many dumpsters you have?
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i believe when we filmed we had 14
@RagingBad
@RagingBad 3 жыл бұрын
@@Lifes_Apprentice that's a lot, thanks for the reply
@jrethejunkremovalentrepren4052
@jrethejunkremovalentrepren4052 4 жыл бұрын
We’re TraveLinG thE saMe EntrepreneuRiaL highwaYs Brother! WiLL SuB to Your channeL...THA JRE 🙏🏼👊🤣
@user-maxim_79
@user-maxim_79 3 жыл бұрын
$480 cell phone monthly bill. Who you calling?
@Lifes_Apprentice
@Lifes_Apprentice 3 жыл бұрын
it should have been $48
@ricardoventura5141
@ricardoventura5141 4 жыл бұрын
Connor MacGregor is renting dumpsters?
@thetruckboyable
@thetruckboyable 4 жыл бұрын
Imagine paying off all of that debt and depositing all of those loan payments into an investment retirement account.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
that would be very nice! i have several. growing this business is another form of a retirement account in my mind
@timobanks560
@timobanks560 4 жыл бұрын
My Question is how about the taxes to uncle Sam and do u give benefits to your employee workers COMP etc ??
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
yes we have workmans comp on employees and taxes are pulled for employees mothly. this is our first year so we have to pay a baseline federal and state tax every quarter. since we have started we have heavily invested in the company which means we will most likely not show a profit this year. i would imagine we will get a tax return based on the money we have paid this year. my goal is not to make money the first few years as silly as that sounds...my goal is to grow the business
@imbrandon16
@imbrandon16 4 жыл бұрын
$25.00/hr seems kinda up there for someone to deliver dumpsters, are they providing their own trucks? I used to haul 80,000lb Class A Hazmat tankers full of acids and other deadly chemicals for 25.00/hr lol.
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
25 includes insurance and taxes on employee it isnt take home
@davidparker4501
@davidparker4501 4 жыл бұрын
We can't see ur face
@NWIVeteranConstruction
@NWIVeteranConstruction 4 жыл бұрын
Got damnit. I think I'm gonna have to start a dumpster company. Lol call me bud I don't think I have your number
@Lifes_Apprentice
@Lifes_Apprentice 4 жыл бұрын
i will call you tommorow afternoon if that is alright?
@NWIVeteranConstruction
@NWIVeteranConstruction 4 жыл бұрын
@@Lifes_Apprentice yea whatever works
@jayclarke2181
@jayclarke2181 4 жыл бұрын
You said life's apprentice too fast, sounded like white supremacist 😂😂😂
@Lee85G
@Lee85G 4 жыл бұрын
😂😂😂
@jrethejunkremovalentrepren4052
@jrethejunkremovalentrepren4052 4 жыл бұрын
MakiN thE MuLLiT GreaT AGaiN!!! LoViN ThAT MuLLiT BrotheR! ShouT Out tO Joe DirTe foR maKIN thE MuLLiT FamOuS! 🙏🏼👊🇲🇽
@jrethejunkremovalentrepren4052
@jrethejunkremovalentrepren4052 3 жыл бұрын
@Murk Zuckerfuck For ReaL?...yeA Here’s a CouPle CooL CatS whO Rocked One waY bacK iN thE daY...Andre Agassi BiLLy RaY CyruS Chuck Norris Michael Bolton And a MotleY Crew oF otheR NameS iM MissiN heRe noT tO MentioN mY DaddY whoM aLL rocKed iT iN the 90’s...buT Joe DirT maDe iT GreaT AgAiN! ThX foR PointiN iT ouT thO BrotheR! 🙏🏼👊🇲🇽
@jarrettmyers923
@jarrettmyers923 10 ай бұрын
Hey man if u had time to talk I have a few questions on your dumpsters how much to charge
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