{"id":114,"date":"2022-07-25T17:52:38","date_gmt":"2022-07-25T17:52:38","guid":{"rendered":"https:\/\/www.runstella.com\/blog\/?p=114"},"modified":"2022-07-25T18:09:41","modified_gmt":"2022-07-25T18:09:41","slug":"7-strategies-of-7-figure-moving-companies","status":"publish","type":"post","link":"https:\/\/www.runstella.com\/blog\/7-strategies-of-7-figure-moving-companies\/","title":{"rendered":"7 Strategies of 7-Figure Moving Companies"},"content":{"rendered":"

Guest Blogger: Today’s Local Media<\/span><\/strong><\/h3>\n

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If you\u2019re in the moving business, you know the grand potential it has. You know there is BIG money to be made and you are dying to reach it! However, you may have plateaued on profit earnings. You may be growing but slower than you anticipated. You may feel like you\u2019ve tried everything to get to the next level but failed. You\u2019re not alone but it doesn\u2019t mean all hope is lost.<\/p>\n

As you probably already know, the moving industry is a multi-billion dollar industry. Roughly 30 million Americans move each year, which is equivalent to around 10% of the American population. Even with serious economic downturns, moving companies remain alive and start to recover rather quickly.<\/p>\n

Take the Great Recession for example. The moving industry was hit hard, falling in numbers for bookings, revenue, profit, etc. However, the following year, in 2009, the industry started to recover and had seen a 3% increase in growth annually since then. A little over 12 years later, the COVID pandemic hits and we\u2019re seeing a similar repeat in terms of economics as we did during the Great Recession.<\/p>\n

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Even so, the moving industry started to bounce back as early as 2021. A survey conducted by MoveBuddha<\/a> found 64% of respondents from moving companies reported to have normal or above normal bookings in mid-2021. Reports predict a steady growth from here on out too. At least until the next bump in the road. In fact, according to MarketWatch<\/a>, the moving service industry is expected to grow by nearly 2 billion dollars in the next couple years.<\/p>\n

There will always be a problem you\u2019ll face as a business owner, whether it\u2019s a pandemic, new technology, more competition, etc. It\u2019s up to you to learn how to adapt to keep your business afloat and thriving. With that in mind, we\u2019ve compiled a list of 7 proven strategies that can accelerate your moving business into a 7-figure money making machine.<\/p>\n

7 Strategies to 7-Figure Moving Company Success<\/b><\/h2>\n

1. Go Digital<\/b><\/p>\n

We\u2019re talking about implementing high-tech software. Certain software and apps, such as Movegistics<\/a> and Network Leads<\/a>, will make your business run smoother and more efficient for you and your customers. A good software system will make booking, payment, scheduling, estimates, and communication easier.<\/p>\n

Do your research diligently to find the best software for your moving company. You\u2019ll find though that there are a lot of options out there that will save you time, which in turn can increase profits. Overall, it can also provide a better moving experience with your customers and an easier work-life for you and your employees.<\/p>\n

Keep in mind that there\u2019ll be a learning curve. You\u2019ll need to make some time to fully adjust to your new system and train your entire team in order for the transition to go smoothly and benefit your moving company. You may even want to inform your customers that you\u2019re testing out a new system for a better moving experience. This may increase the trust factor because it will signal to them that you\u2019re serious about your business and are making improvements that\u2019ll benefit all parties. They also may be more forgiving with any hiccups that may occur because of it.\u00a0<\/b><\/p>\n

2. Know Your Niche<\/strong><\/p>\n

Knowing your niche comes with understanding your audience. It\u2019s wise to conduct a good amount of research for this. You may assume all people are the same in terms of needing a moving service at some point in time. However, each market is different. The people and businesses in your area may have different needs and expectations than somewhere else.<\/p>\n

Therefore, get to know the community you\u2019re servicing. Conducting research is a good starting point. You can easily investigate your niche through Internet searches on authoritative websites such as city-date.com<\/a> or census.gov<\/a>. But you may even want to send out surveys to really get a good sense of what your market wants, needs, willing to pay for, etc.<\/p>\n

With thorough exploration, you\u2019ll be able to find out your customers\u2019 service needs, they\u2019re concerns, how you speak to them, what they value, how much they can afford, and more! You\u2019ll learn how to speak and market to them, and what you should be training your moving team. It doesn\u2019t stop there. Make adjustments when you see your market changing.\u00a0<\/b><\/p>\n

3. Stay Organized\u00a0<\/b><\/p>\n

A key factor in any successful business is to stay organized. You can accomplish this without spending a lot of money but it may be worth it to hire someone who can take care of these duties. It\u2019ll be worth it in the long run. Plus, as a leading moving company, odds are you already have an administrator or receptionist.<\/p>\n

Some things you may want to consider organizing your moving business with include but limited to:<\/p>\n