Are Dumpster Rentals a Real Business?

Matt reacts to a lot of different “business ideas” that get promoted on TikTok. Many of them are generally not worth trying or are straight-up scams. This one is different thought. Watch to see Matt’s thoughts on starting a dumpster rental business.

There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!

Video Transcript: 

Business Advice Video:

What would happen if you bought a dump trailer for $8,000 and rented it out as a dumpster for $300 per day? If you can average 15 customers per month that’s $4,500 in gross profit per month. And over $50,000 a year in gross profit. Then you can scale up and buy 5 more trailers and really be making money.

Matt’s Review:

Okay, no doubt this is a real business. People do rent dumpsters. The challenges of course you have to live somewhere where there’s enough people that need this. There’s not so much competition that you know there’s no one left to rent to. And that it works at these prices. You also have to have a truck that can haul it. And a place to keep it when it’s not rented. And then maybe a near enough by place to take the thing and empty it out if that’s part of the services so yeah, absolutely a real business. Not something you can do just sitting at home. Not something you can do if you don’t have a truck or a place to keep it and after 1 3 or 4 5 more. And not something that’s gonna work great if there’s already a ton of competition. And there’s no shortage of people who are going to rent them already. But if you meet the criteria for being able to do it in a place that doesn’t have it already or enough that you can’t squeeze in and make some money, sure you can definitely make some money doing this business. It is real business unlike a lot of the ones that get pitched on TikTok. This is real it just depends whether or not it’ll work for you in your specific case.