Thank you brother I been following you since day one I really appreciate your help my son wants to get in the dump truck business just never knew what to do thank God for you are truly a blessing 🙌🏽 🙏🏽
Preciate all your videos bro. Just recently moved from Dallas back to my hometown Beaumont tx. Bout to start my dump truck business. It's hard to get solid info. But you deliver the facts. Thanks a million.
That’s GAME. Do you work year round? I’m expecting 10 months a year but I haven’t bought my truck yet. I’m driving tractor trailers currently as a company driver.
Its a dream to own my very own dump truck business, we are family of dominantly boys' husband in construction. Thanks for all the details and no filter!!
I just realized something that caught my eye, something I know all to well .... The 6:33 in your hat of your logo!! Mathew 6:33 " Seek first the Kingdom of God and His Righteousness and then all things will be added unto you!!
Thanks a lot bro! It’s an excellent description of this issue! That’s what I needed. What kind of dump truck did you talk about. Is it suitable to Isuzu NPR dump truck?
what are your thoughts on investing in a dump truck vs a 26ft box truck? I understand the industries are different but in your experience which would you recommend for a startup?
Dump truck you normally won’t be running around all of Gods green earth to make your money. Find a good project or contractor and you’re doing local routes daily.
good morning, Got a video coming on that but i can say that it depends on your situation. if you have the means and you are init for the long haul go new
I am new to this , guess my truck gets 5 miles/gallon but I have no idea about fuel consumption for on site work guess it depends on how fast the backhoe operator is lol Do you have any average numbers on this ?
Do what works for you bro. I gave the average and being an entrepreneur with several streams of income it has worked well for 20 plus years and I have helped plenty do the same.
That's a good return. Especially with having a note and paying for a good driver. MUCH better return than having a rental property the same price as the truck! Sure the truck won't last a lifetime, but there will be more trucks...and once that note is paid, saving to pay for the next better truck gets easier. I'm a new driver, used to have rentals properties, and it sounds like the career change could possibly be for the better(for income). Around here it's $100-120/hr. A truck will average about $5,000-6,000 a week(currently). Beginning with one new truck for myself, and 100k down, it's possible to see $12,000-16,000+ profit per month(with $8,000 in expenses). More once the truck is paid off in a year or two. 9 months averaging 14,000 is $126,000. I recover my initial investment in one year and more! Could work a CDL job for someone else during winter and add another 12k+... I'd have to have A LOT of rental properties to profit 140k in a year...and rentals aren't as "passive" as "gurus" love to suggest. Plus it takes a long time to pay off mortgages. So with each additional truck bringing $60k a year in profits that's $300k a year with just 5 trucks even if not driving myself. $370k+ if I do. Yeah, I think a well managed trucking business holds a lot of potential. Thanks, and appreciate your knowledge and experience. One question, how much experience would you recommend before buying one's own truck? Thanks!
I'm in that exact same situation. I graduated with my CDL A in 2 days. I'm selling my rental property to finance my dump truck. Thanks for the free game country ceo.
@@thecountryceo3535 I'm just trying to get my CDL but I'm curious if in CT this is possible to pull these numbers as an operator. Our state generally sucks for business opportunities from what I hear compare to down south.
Hey brother, I have a question I know you mentioned getting paid 70-85$ for a job but for a guy like me who owns one truck and looking for my first gig. How much do I pay myself?
IDK why it seems that people standardly say 4 weeks of pay is 1 month wages. When in reality, its more. 800 dollars a day (5 days) would be 17,333 per month. Not 16. Because a month is not 4 weeks. There are 52 weeks in a year and 52 weeks does not translate into 12 parts evenly, its 4.33 weeks per month. Why would anyone nit pick on such an obtuse/obscure thing? Well... we are talking about business and money baby. Thats why. You gotta know exacts to get your business numbers right. Because the difference between 16,000 and 17,333 per month is approx 16,000 a year. You'd be cutting yourself some mcdonalds workers entire yearly pay... short.
great observation! i always prefer a low end estimate as a means of balancing things out when it comes to lost days and other things beyond our control etc.
sorry but this isn't right. No one is working 52 weeks in a year. Most work 46/48 weeks. You have sick days, holidays, vacation, and rainy days of no work.
@@VictoryTrucking point taken. I would offer this as well. When I add up my night work Im sure I work about 80 plus weeks a year if not more. As my big momma would say there are more than one way to skin a cat.
The difference is that you have scale. Meaning you making money for your work and his/theirs. If you have 10 trucks it will make more sense. I am not a Trucker. But I am an Accountant thinking of starting a Trucking company. The information here is very helpful.
@@thecountryceo3535 what does the chip shortage have to do with the dump truck business being saturated? It’s really a genuine question I don’t mean to sound rude
@@adriangarza7584 chip shortage has caused a severe back log of getting new trucks on the market. There is a running list going on two years for truck orders at many dealership. Therefore, this has caused a shortage of trucks in the business that are actually working. Example: here in the baton rouge area 50 more trucks wouldn't satisfy the need right now
first off when figuring out out your numbers always go worse case scenario not i’m going to make $1000 a day because you probably will not . It also Depends on what your hauling is it Asphalt, dirt or gravel it makes a difference .Why does it make a difference you might ask ,one if your only doing asphalt work like i did if it rains you may not work also some jobs are paving highways at night where you start at 11pm and u might be done by 3-4am because they have to open up the highways for the morning traffic which means you don’t make a whole lot . Another thing was some jobs got cancelled because the company you worked for that day wasn’t ready to start ,again you don’t make any money . I tried the whole owning a dump truck thing hauling asphalt. i had a awesome opportunity,my dads friend has a fleet of 7-10 international dump trucks . He offered us a opportunity to buy two 2012 international work stars with the max force for $85k each interest free loan . the work paid $78 a hr and $71 a hr to us . the problem we were spending $140 a day for fuel ,$220 for truck parking a month ,$700 a month for insurance we were on my dads friends fleet insurance , then you have to put away for taxes ,repairs and truck replacement down the road and how about retirement . Some jobs we had to drive over a hr away from our yard which means you burn more fuel and now diesel more then gas here in toronto. If you plan to do the dump game you better be hauling more then just one product .At $710 to $800 a day you will have a lot of expenses that comes off the top if you’re doing it correctly Another thing if you live somewhere where you have winter a lot of dump trucking shuts down for a few months so you either need to drive a plow truck for someone or try to get a salt hauling gig again you need to put away money for that also
Sorry for your experience to go the way it did. A few things I will add. 1. Roadbuilding is my main thing which consist of several facets. milling, patching, asphalt, shoulder work, soil cement, and hauling stone. Company here mills in the coldest months to have something to keep everybody going. 2. Yes you need to be able to do other things such as haul limestone, off load barges, haul dirt, etc. 3. Rate here is much higher and at night we are guaranteed 8 hours no. mater what time we come out or knock off. Additionally, we are getting a 14% fuel surcharge. If you do the numbers this is about 105$ an hour for triaxles. Again I regret you had a bad experience but its not like that here or everywhere. Be blessed
