Doody: 15,000 local moving companies operate in the US market
Cam Doody · EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com · Sep 16, 2016 · at 15:41
Bellhops co-founder Cam Doody discusses the extreme fragmentation of the US moving industry with Nathan Latka.
0:00 / 0:03exact quote · 3.8s
720p mp4 · rendered on demand · StarZero watermark
“There's 15,000 local moving companies.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Cam Doody
Doody: Bellhops Generates 60% to 70% Gross Margins on Total Order Value
“So our margins are between 60 and 70% of total order value.”
Doody: Bellhops pays movers $13 to $15 per hour
“We pay our bell off between 13 and 15 bucks an hour.”
Doody: Broad advertising fails for moving because only 1% moves simultaneously
“If we were to buy billboards and things of that nature, you know, at any one time, you're only, You know, speaking to one percent of the population, because it's not like Uber or Postmates where everybody can use you at any one time, right?”
Doody: The traditional moving market is worth $20 billion
“The moving industry, the 25% of Americans that, that hire traditional movers is a twenty billion dollar space.”
Doody: Moving is a 30-to-40-day process, not just one day
“Moving is not just moving day, right? It's like a 30 or 40 day process, and so before actual moving day, you are buying things on Craigslist, selling things on Craigslist, you're you are taking stuff to and from storage, you're, you are donating things to char…”