Unfortunately, I don't think this business is going to make it. To not realize that paying $50 per lead and $156 for the ones that convert is a horrible idea just shows that he lacks any business knowledge. So many red flags in things he said and decisions he made. Why take a 30k loan then have the money sitting in the bank "as a cushion" and be forced to make interest payments on it? Get a line of credit instead.
DUMP THE BAD LEAD COMPANY! They are ripping you off. You would be better off to hire someone to go door to door. I did that with my business and hired a mother with children in school. She would take them to school in the morning then work door to door until it was time to pick her children up from school. SHE DID FANTASTIC!!!
@@fifadailygames278 honest question i have a kid wanting to do the same thing but how can you guarantee they put the hangers out if i have to drive by every place to ensure jobs done. I mind as well do it myself
I guess you'd check at random a few of the areas they'd been supposed to distribute them in, I think I would be fairly obvious quite quickly if the person was being honest and doing it properly or not. @@RyanBorton-r4p
I literally cheered out loud when you said you dropped thumbtack and did not take the part time job!! I hope to see you go wildly successful in the future!!
This guy seems like a genuinely very good person who cares about his success in business and his family. Wish him the best moving forward, I'm confident he will find success in the end. Keep pushing man!!
Rest in peace to your brother! I lost my mom to the same thing and it's a horrible thing because it just happened so quick. Keep up the hard work man and don't give up everybody always needs junk removal!
Little bit of a victim mindset in my opinion. Thumbtack greedy taking all of their money, Google hard to deal with, multiple terrible internet companies, etc. Go out there and take control bro!!!
I wouldn't necessarily say it's a victim mindset as much as it is just not knowing where to go and what services to use/trust. I run a small plumbing company, and in the beginning, I made some of the same mistakes. I didn't know anything about SEO or the legalities of taxes, licensing, etc. Some of it is just trial and error and not allowing those mistakes to put you under.
I would agree with you. I started my own dog training business three years ago. I spent 9 years in the infantry. I have zero experience with Google, Zero experience with social media, and I have no other options than to figure it out. All that time you spend scrolling on social media could be spent figuring out how to get more leads. Making content (free) and how to address google issues. Social media is a free easy resource for anyone starting a business.
This is a good dude working hard to be all he can be and escape the rat race of normal. I can very much relate to this man’s struggles I hope he keeps his head up and makes it
Great video, best of luck to the owner! Deck removal gotta be at least 24 budgeted hours plus dump fees Probably more like 32BH and $600 dump fees $3-4k
Thumbtack was okish, but it pissed me off when they would give me trash leads and still charged me. Craigslist is where ive found most of my clients but it is CROWDED.
God Bless You Brother! It Definitely feels like it's all crashing on you at times. Hang in there, keep your head up, keep marching forward, fighting the good fight! You took a Brave first step reaching out for help. That shows you want to do better for yourself & everyone around. That says a lot. 👍💪
I understand your pain with Google. I had the same thing for over 5 months. I was pulling my hair out. Why, just why can they not tell you the reason for a suspension.
Dude needs to do more research before making some of these decisions. 30% interest?! Didn’t know about quarterly taxes? Paying for leads? Doesn’t make any sense
Fuc is he paying tax for if he is in the red. & that loan is only to be floated and paid off within 45 days. I took a 35k loan from QuickBooks and paid it off within 45 days paid minimal interest & secured a rental property. He is sitting on it paying interest for a cushion is beyond me.
Man seems like this guy is really learning everything the hard way. Wish he could go back in time and learn a little bit more about running a business before starting. Some of these lessons hurt.
Hey Mike, thank you for your insight. You mentioned in a C. Suite episode an example of a business owner who took his personal living expenses like debt payments and baked it into his business overhead/operating. Maybe in that scenario you take away very little profit on but it would insure small business owners who have yet to separate business from personal finances are able to atleast pay their bills. Do you have a formula you can share on how to calculate price per man hour that would include personal debts and overhead recovery?
Best of luck though...You on the right track ...post bandit signs near your landfills...people tired of hauling the garb with no time...gets out the check book when sweat starts rolling lol
Oh my gosh, this guy's a winner. He figured out that every business out there is in it for themselves and doesn't care about you. I wonder how much money it cost him to figure that out? This guy definitely shouldn't be self-employed. He needs someone else to set up systems that he works in he doesn't really know how to do this self-employment thing. I would hate to see his taxes.
yelp is very good when it comes to leads vs cost. i only spend $150 a month and get like a dozen leads per week. my problem is with yelps review moderation system. i get all these leads but because yelp censored over 90% of the reviews ive gotten most leads go with other businesses with more reviews. i gave up on trying to get reviews for yelp almost 2 years ago now and focus more on other methods. the part that really pisses me off is i go to these other businesses pages and its that exact opposite for them, every single time. by this i mean only %10 of their reviews get censored so it absolutely feels like im being singled out. i contacted yelp about this and they say its an automated process and it handles everyone the same which is absolutely bs. every single one of the reviews ive gotten has been from real customers. "but they arent credible because blah blah blah", but like i said i look at other businesses reviews and they arent credible by yelps standards either but they get to stay and mine dont. but to the point, the actual cost for lead acquisition is cheap on yelp so long as you dont face the same problem i am.
so if his wife is home and cant work can she not run SALES AND ADMINISTRATIVE PART be an ASSET to her husband and her family instead of a drain as he says himself its 2024 were all about equity and equal rights. SO GET ON IT HUN. SMH
The answer has been right under your nose the whole time: post for free on the social media platform Nextdoor, not Facebook or Thumbtack. In my area, Memphis, there is a junk guy whose customers post every time he does a job, about how polite and timely he is, so his name is always front and center. In my own business, 100% of my customers come from Nextdoor, and that serves to vet them as customers because they wouldn't be calling me if they didn't understand who I am. I don't just post "I have a business/call me." I post about politics, morality, common sense, and also I post stories of how I help deserving WORKING people. Some people hate me, of course, but that's ok because I already have more business than I can handle, and there's a whole lot of grass in this town that needs to be cut.
It's not bad at all. I have a 15vyard trailer and charge around the same price, not including dump fees and yet my business has a 60-70% profit margin on residential waste.
@@Smoke3488 how big do you think his trailers are I have watched a group of kids that do junk removal and I don’t think they are in nc but they seem to charge ALOT they did a smaller building maybe 10x15 we will call it 20x15 and charged over $4k to tear down and remove I felt like $1100 was way too low for that pool drain removal and deck tear out. I’ve drained a pool like that and it’s a MESS and takes FOREVER. I work in the HVAC industry so I’m not going to act like I know junk removal pricing like I do hvac pricing.
@herbie3smith Yes, his quote for the pool and deck was way too low. As it takes a lot of man hours to cut it all down and load it. But that trailer looks to be the same size as ours 14ft X 7ft X 4ft.
@@Smoke3488Your margins are not that high. If you're not including all the costs AND what it would take to pay someone to do the job, then that is not the margin.
could the wife do something from home, for just an hour or two a day, to help with some extra money? good luck with it all. .....like you said everybody is going through something.
😂 $1,100 i would tell them i wouldnt even do it if they don't pump the water themselves and I'd still charge 2,200$ he dont know how to tell a customer you're too busy for them without telling them You're too busy for them
This guy is just plainly doing everything wrong. IF you want leads, move your butt to the big city and get your address associated with the city and Google to get leads. Complaining that there's so much competition sounds like a whining liberal baby. Be better than them, read business books, watch youtube, go to college and study business, it's really not that difficult. Some people aren't fit for capitalism, go get a 9-5 job buddy...
Unfortunately, I don't think this business is going to make it. To not realize that paying $50 per lead and $156 for the ones that convert is a horrible idea just shows that he lacks any business knowledge. So many red flags in things he said and decisions he made. Why take a 30k loan then have the money sitting in the bank "as a cushion" and be forced to make interest payments on it? Get a line of credit instead.
When your in the middle of nowhere you kind of have no choice but to use thumbtack
DUMP THE BAD LEAD COMPANY! They are ripping you off. You would be better off to hire someone to go door to door. I did that with my business and hired a mother with children in school. She would take them to school in the morning then work door to door until it was time to pick her children up from school. SHE DID FANTASTIC!!!
How much did you pay her if your don’t mind?
$200 for certain amount of door hangers on her own time . But just make sure they actually put the door hanger
@@fifadailygames278 honest question i have a kid wanting to do the same thing but how can you guarantee they put the hangers out if i have to drive by every place to ensure jobs done. I mind as well do it myself
I guess you'd check at random a few of the areas they'd been supposed to distribute them in, I think I would be fairly obvious quite quickly if the person was being honest and doing it properly or not. @@RyanBorton-r4p
@@RyanBorton-r4p Good point. Find someone honest.
That pool and deck removal would be minimum 3k
Probably close to 5 grand here in Texas with it being full like that.
I literally cheered out loud when you said you dropped thumbtack and did not take the part time job!! I hope to see you go wildly successful in the future!!
This guy seems like a genuinely very good person who cares about his success in business and his family. Wish him the best moving forward, I'm confident he will find success in the end. Keep pushing man!!
Rest in peace to your brother! I lost my mom to the same thing and it's a horrible thing because it just happened so quick. Keep up the hard work man and don't give up everybody always needs junk removal!
Little bit of a victim mindset in my opinion. Thumbtack greedy taking all of their money, Google hard to deal with, multiple terrible internet companies, etc. Go out there and take control bro!!!
I wouldn't necessarily say it's a victim mindset as much as it is just not knowing where to go and what services to use/trust. I run a small plumbing company, and in the beginning, I made some of the same mistakes. I didn't know anything about SEO or the legalities of taxes, licensing, etc. Some of it is just trial and error and not allowing those mistakes to put you under.
I would agree with you. I started my own dog training business three years ago. I spent 9 years in the infantry. I have zero experience with Google, Zero experience with social media, and I have no other options than to figure it out. All that time you spend scrolling on social media could be spent figuring out how to get more leads. Making content (free) and how to address google issues. Social media is a free easy resource for anyone starting a business.
Its easy to do once in a while but yeah, ultimately its a mindset thing that can be fixed
Talk about not charging enough. $350+ dump fees would be the bare minimum. Dont even start the truck for less than $350
This is a good dude working hard to be all he can be and escape the rat race of normal. I can very much relate to this man’s struggles I hope he keeps his head up and makes it
I work full time and do Junk removal on weekends
The low bidder always goes out of business ! ( mic drop ) Make $ or go bass fishing
This is the truth right here
And they destroy the market for everybody else...
Unless you do government jobs.
Been waiting for a junk removal episode!!!
This guy is a great human!
I hope everything works out for him!👍🏻✌🏻
Great video, best of luck to the owner!
Deck removal gotta be at least 24 budgeted hours plus dump fees
Probably more like 32BH and $600 dump fees
$3-4k
For him that’s like a $120 dump fee and 8 hour day tops to finish
So glad u did this video I have a junk removal/demo company in Charlotte area
Thumbtack was okish, but it pissed me off when they would give me trash leads and still charged me. Craigslist is where ive found most of my clients but it is CROWDED.
I guarantee that tumbtack charged the customer almost 2x as much as they paid you.
God Bless You Brother! It Definitely feels like it's all crashing on you at times. Hang in there, keep your head up, keep marching forward, fighting the good fight! You took a Brave first step reaching out for help. That shows you want to do better for yourself & everyone around. That says a lot. 👍💪
Wonderful guy, hope that he becomes successful.❤
I wouldn't have removed the pool and deck for less than 3K, no way in hell
I understand your pain with Google. I had the same thing for over 5 months. I was pulling my hair out.
Why, just why can they not tell you the reason for a suspension.
Did you create your google with your company's legal name or DBA? and based on your answer what would be the right way to do it?
Those are some nice trailers. If I was him, id just get a job and rent those trailers out part time.
Defeats the purpose of working for yourself
WE WANT MORE!!!!!! Make more videos Mike & Team!!! 😂😂😂😂😂
Mike looking extra fit 💪 in this one 😂👏 👏 . Lookn good bro
😂 lol thanks
What I look forward to the most 🎉🎉🎉
Dude needs to do more research before making some of these decisions. 30% interest?! Didn’t know about quarterly taxes? Paying for leads?
Doesn’t make any sense
Paying for leads is not really the problem the problem is the guy doesn’t think
Fuc is he paying tax for if he is in the red. & that loan is only to be floated and paid off within 45 days. I took a 35k loan from QuickBooks and paid it off within 45 days paid minimal interest & secured a rental property. He is sitting on it paying interest for a cushion is beyond me.
I’ve had a similar experience in junk removal. Thumbtack sucks and the junk removal kinda sucks due to low average job size vs cost per lead
Odd question. Mike, what boots are you wearing in this?
What happened about the new guy wrecking his truck?
Man seems like this guy is really learning everything the hard way. Wish he could go back in time and learn a little bit more about running a business before starting. Some of these lessons hurt.
google doesn't ban u for using a personal card....
Great perks
and sorry you been through some junk hauling the junk...tuff beat...stay deliberate and laser focused and make dat $$$
How the hell do people end up like this? Business= get a truck, remove junk... Simple!!! Hundreds of thousands in debt? That's utterly ridiculous.
Pool is least 2-3k...or your definitely gona loose your shirt in the bizz!
2-3k back in the 90's
Thumbtack isn't worth it if you don't have big ticket products.
Well you should be making a ton of money now that the hurricane hit
Mike - you should grow your beard bro 😎
That would be a career ending decision 😂😂😂😂
@@MikeAndes haha 😆 hilarious! Love your content !
@@MikeAndesnah I think beards are the norm in contracting. Shaving seems to give an edge
Hey Mike, thank you for your insight. You mentioned in a C. Suite episode an example of a business owner who took his personal living expenses like debt payments and baked it into his business overhead/operating. Maybe in that scenario you take away very little profit on but it would insure small business owners who have yet to separate business from personal finances are able to atleast pay their bills.
Do you have a formula you can share on how to calculate price per man hour that would include personal debts and overhead recovery?
Tell Charles I will help him!
How much is the franchise fee for Augusta?
AugustaLawnCareServices.com/franchise goes over it all
Sorry my post is long winded.... But wish you the best!
Best of luck though...You on the right track ...post bandit signs near your landfills...people tired of hauling the garb with no time...gets out the check book when sweat starts rolling lol
Dude needs to realize being self employed is not for him. Get a full time job and then a part time job on the weekends.
Oh my gosh, this guy's a winner. He figured out that every business out there is in it for themselves and doesn't care about you. I wonder how much money it cost him to figure that out? This guy definitely shouldn't be self-employed. He needs someone else to set up systems that he works in he doesn't really know how to do this self-employment thing. I would hate to see his taxes.
Let's go!!!!!!!
You littery took the lowest profit margin part of home care and made it into a specialty. Get into demo for remodeling etc.
Those lead generation services are crap for contractors but great for them. NEVER use those services.
Depends on if you come across a good lead that may keep you working at well paying jobs. I ran into a lead that keeps me busy
Understand gross revenue vs net profit, people!
That’s a $2500 demo job!
That’s so sad that’s my biggest fear.
Vague much? Lol
anyone struggling with sales let me know. Ill get you on track. (Performance Lead Generation) any industry.
$2500 labor, and dumpy
Dude taking 32% interest loans... he's going to be broke soon
If you have 200 competitors, you need to change your business model and only take more profitable junk removal jobs.
NIGHT SHIFT,,,,, BUSINESS DURING DAY
Thumbtack sounds almost as bad as Yelp
Or home advisor 🤮
yelp is very good when it comes to leads vs cost. i only spend $150 a month and get like a dozen leads per week. my problem is with yelps review moderation system. i get all these leads but because yelp censored over 90% of the reviews ive gotten most leads go with other businesses with more reviews. i gave up on trying to get reviews for yelp almost 2 years ago now and focus more on other methods. the part that really pisses me off is i go to these other businesses pages and its that exact opposite for them, every single time. by this i mean only %10 of their reviews get censored so it absolutely feels like im being singled out. i contacted yelp about this and they say its an automated process and it handles everyone the same which is absolutely bs. every single one of the reviews ive gotten has been from real customers. "but they arent credible because blah blah blah", but like i said i look at other businesses reviews and they arent credible by yelps standards either but they get to stay and mine dont. but to the point, the actual cost for lead acquisition is cheap on yelp so long as you dont face the same problem i am.
Alpha Care Plus
The problem is, he’s wearing crocs. Dress for success big dog…..
Yo do you travel to do these videos? If so I got one for you, welding shop with 120,000 of debt where it should be making 60,000 a month
Sounds good. Yes, we travel. Apply at MikeAndes.com/turnaround
so if his wife is home and cant work can she not run SALES AND ADMINISTRATIVE PART be an ASSET to her husband and her family instead of a drain as he says himself its 2024 were all about equity and equal rights. SO GET ON IT HUN. SMH
1100???? Wow that's cheap
The answer has been right under your nose the whole time: post for free on the social media platform Nextdoor, not Facebook or Thumbtack. In my area, Memphis, there is a junk guy whose customers post every time he does a job, about how polite and timely he is, so his name is always front and center. In my own business, 100% of my customers come from Nextdoor, and that serves to vet them as customers because they wouldn't be calling me if they didn't understand who I am. I don't just post "I have a business/call me." I post about politics, morality, common sense, and also I post stories of how I help deserving WORKING people. Some people hate me, of course, but that's ok because I already have more business than I can handle, and there's a whole lot of grass in this town that needs to be cut.
He needs to increase minimum price $400 a load? For that trailer? That’s way too cheap it cost 100 to fill the truck
It's not bad at all. I have a 15vyard trailer and charge around the same price, not including dump fees and yet my business has a 60-70% profit margin on residential waste.
@@Smoke3488 how big do you think his trailers are I have watched a group of kids that do junk removal and I don’t think they are in nc but they seem to charge ALOT they did a smaller building maybe 10x15 we will call it 20x15 and charged over $4k to tear down and remove I felt like $1100 was way too low for that pool drain removal and deck tear out. I’ve drained a pool like that and it’s a MESS and takes FOREVER. I work in the HVAC industry so I’m not going to act like I know junk removal pricing like I do hvac pricing.
@herbie3smith Yes, his quote for the pool and deck was way too low. As it takes a lot of man hours to cut it all down and load it. But that trailer looks to be the same size as ours 14ft X 7ft X 4ft.
@@Smoke3488Your margins are not that high. If you're not including all the costs AND what it would take to pay someone to do the job, then that is not the margin.
trying using fb marketing or you local buy selling they will let advertisers your business
Bro should have joined junk university
Noooo
could the wife do something from home, for just an hour or two a day, to help with some extra money? good luck with it all. .....like you said everybody is going through something.
Come see me. I'm in Mooresville nc.
Math don’t make sense…. Silly business
😂 $1,100 i would tell them i wouldnt even do it if they don't pump the water themselves and I'd still charge 2,200$ he dont know how to tell a customer you're too busy for them without telling them You're too busy for them
He doesn't know junk or how to grow a business
This guy is just plainly doing everything wrong. IF you want leads, move your butt to the big city and get your address associated with the city and Google to get leads. Complaining that there's so much competition sounds like a whining liberal baby. Be better than them, read business books, watch youtube, go to college and study business, it's really not that difficult. Some people aren't fit for capitalism, go get a 9-5 job buddy...
First
So glad u did this video I have a junk removal/demo company in Charlotte area