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Are Moving Companies Profitable?


Are moving companies profitable? The answer to that question is a resounding “yes.” In fact, the moving company industry is one of the most profitable of all industries. But, there are a few things you need to know in order to make sure your business is as successful as it can be. In this article, we’ll discuss how profitable moving companies are and offer some tips for increasing your profit margins.


How Profitable Are Moving Companies?

According to recent statistics, the moving company industry is currently worth an estimated $19.4 billion. And, while the industry has experienced slight declines during down market periods,  it has been steadily growing at 1%-3% yearly. 

So, how profitable are moving companies? The answer depends on a number of factors, including the size of your company, the services you offer, and the location you’re in. However, the average profit margin for moving companies is between 10% and 20%.

So, how do moving companies make money? The answer is simple: by charging customers for their services. Moving companies typically charge by the hour, with the average hourly rate being around $50 per mover. That means that if a company has four employees who each work eight hours a day, they can bring in a revenue of $1,600 per day.

Of course, remember not all that revenue will be profit. For an average moving company with a 15% profit margin and earnings of $1,600 per day, that would mean a profit of $240 per day from each crew of 4 workers. However, there are many ways to increase your profit margins.


Tips For Improving Your Profit Margins

There are a number of things you can do to ensure that your moving company is as profitable as possible. Here are a few tips:

Increase Your Rates

If you want to increase your profits, one of the easiest things you can do is raise your hourly rates. However, it’s important to make sure that your rates are still competitive. If you live in an area with a lot of other moving companies, it’s important to make sure that your rates are in line with what your competitors are charging.

Advertise Your Business to Get More Customers

Another great way to increase your profits is to simply get more business. And, one of the best ways to do that is to invest in advertising. There are a number of ways to advertise your moving company, including online ads, print ads, and even TV or radio commercials.

Provide Great Customer Service

Of course, it’s not enough to simply get more business. You also need to make sure that you’re providing great customer service. After all, if customers have a negative experience with your company, they’re not likely to use your services again. And, they may even tell their friends and family about their experience, which could deter others from using your services.

Make sure that you’re training your employees to provide great customer service. This includes everything from being polite and friendly to making sure that customers are satisfied with the service they receive.

Offer Additional Services

Another great way to increase your profits is to simply offer more services. In addition to traditional moving services, you could also offer storage services, packing services, and even cleaning services. The more services you offer, the more revenue and profit you’re likely to make.

Widen Your Geographic Range

Finally, you may also want to consider expanding your geographic range. If you’re only serving a small area, you’re not going to be able to make as much money as you could if you served a larger area. Of course, this will require more resources, but it could be well worth it in the long run.



Are moving companies profitable? The answer is “Yes”. However, there are a number of factors that will affect how much profit you make. The tips above should help you increase profits and make your moving company as successful as possible. If you want to learn more about moving company earnings, be sure to check out our article: “How Much Do Moving Companies Make?”