Highest Paying Service Businesses NO Ones’s Telling You About!

Summary

This video highlights high-income service businesses that have low competition and great earning potential. It covers five opportunities, such as septic tank services, porta potty rentals, parking lot striping, basement waterproofing, and mold remediation, detailing startup costs, equipment, and strategies for success. The video also includes tips on marketing and scaling each business, showcasing how to achieve impressive profits in industries that remain in constant demand. The key takeaway is that with the right approach, these businesses can generate substantial income with manageable startup investments.

Takeaways

• 😀 Starting a high-income service business can lead to annual earnings of $400,000 or more, with minimal competition in certain niches.
• 😀 Septic tank services offer steady, year-round business, with potential gross revenue of nearly $1 million annually if you maintain a consistent workflow.
• 😀 Initial costs for starting a septic tank service business can range from $50,000 to $80,000, including equipment, marketing, and operational costs.
• 😀 Charging between $700 and $900 per septic tank pumping can lead to annual profits of around $400,000 after expenses like waste disposal and maintenance.
• 😀 Effective marketing strategies for septic tank services include building a website, optimizing for local SEO, and maintaining good customer service by answering calls promptly.
• 😀 Porta potty rental businesses can be highly profitable, with an initial investment between $40,000 and $60,000, and potential profits of $120,000 to $150,000 annually.
• 😀 Offering package deals for long-term rentals and collaborating with event planners and construction companies can help drive steady business for a porta potty rental service.
• 😀 Parking lot striping is a low-cost business with high demand, as every parking lot requires maintenance for its lines and markings.
• 😀 A basement waterproofing business can be started with an investment of $30,000 to $50,000 and has the potential for high revenue, particularly with large projects.
• 😀 A commercial hood cleaning business can bring in annual revenue of up to $780,000, with net profits ranging from $200,000 to $500,000, making it a highly profitable niche.
• 😀 Mold remediation services can generate significant revenue, with small jobs earning up to $2,000 and larger jobs bringing in $50,000 or more, offering a scalable and profitable business model.

Q & A

What is the primary benefit of starting a septic tank service business?

The primary benefit is the high demand for septic tank pumping and maintenance, which provides consistent, steady business year-round. Even though the barrier to entry can be high, with the right investment, you could earn up to $400,000 annually.

What is the typical initial investment required to start a septic tank service business?

Starting a septic tank service business typically requires an initial investment between $50,000 and $80,000 for equipment such as septic trucks, hoses, and gloves, along with ongoing costs for waste disposal and marketing.

How much revenue can you generate from septic tank services per year?

By pumping five tanks a day, five days a week, you can generate between $3,500 and $4,500 in weekly revenue. This translates to nearly a million dollars in gross revenue annually, with a net income around $400,000 after factoring in overhead expenses.

What strategies can help ensure consistent customer flow in the septic tank service business?

Key strategies include building a strong online presence with a well-optimized website for local search, running Google Ads, being responsive to customer calls, and gathering positive reviews. Referrals and good marketing can also significantly boost business.

How does a porta potty rental business scale, and what is its profitability?

Porta potty rentals offer steady, recurring revenue. The business can scale by increasing the number of units and targeting long-term rentals, especially for events or construction sites. Startup costs range from $40,000 to $60,000, with potential net profits of $120,000 to $150,000 annually.

What are the essential pieces of equipment for starting a porta potty rental business?

The basic equipment includes at least 20 porta potties, a delivery trailer, a truck for transporting units, and cleaning supplies. The initial investment in these items typically costs between $40,000 and $60,000.

What marketing strategies should be used to grow a porta potty rental business?

Marketing strategies for porta potty rental businesses include partnering with event planners, construction companies, and large outdoor venues, optimizing your website for local search, using social media platforms like Facebook and LinkedIn, and offering long-term rental deals to ensure repeat business.

What is the earning potential in a parking lot striping business?

The parking lot striping business has a significant earning potential due to the constant need for maintenance in every parking lot. The initial equipment cost is low, and the business can scale quickly with consistent work.

How much does it cost to start a basement waterproofing business?

Starting a basement waterproofing business requires an investment between $5,000 and $10,000 for basic equipment such as pumps, sealants, and waterproofing membranes. As the business grows, additional tools and a vehicle may be necessary, bringing total startup costs to around $30,000–$50,000.

What are the average profits for a mold remediation business?

Mold remediation businesses have high-profit potential, with small jobs earning between $1,500 to $2,500 per project and larger jobs bringing in $20,000 to $50,000 or more. With steady work, annual profits could exceed $750,000 to $1 million.