Insight certainty 4/5 debate potential 2/5

Doody: Broad advertising fails for moving because only 1% moves simultaneously

Cam Doody · EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com · Sep 16, 2016 · at 13:56

Cam Doody, co-founder of Bellhops, explains why residential moving startups must focus on search intent and word of mouth rather than mass paid acquisition.

0:00 / 0:11exact quote · 11.4s
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“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?”

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

Assertion Not checkable as stated
Doody: Bellhops Generates 60% to 70% Gross Margins on Total Order Value
“So our margins are between 60 and 70% of total order value.”
Cam Doody Sep 16, 2016 ▶ 6:52 EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
Assertion Supported
Doody: Bellhops pays movers $13 to $15 per hour
“We pay our bell off between 13 and 15 bucks an hour.”
Cam Doody Sep 16, 2016 ▶ 10:29 EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
Assertion Partly supported
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.”
Cam Doody Sep 16, 2016 ▶ 17:46 EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
Insight
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…”
Cam Doody Sep 16, 2016 ▶ 18:18 EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
Assertion Not checkable as stated
Doody: Bellhops Did $6M in Gross Revenue in 2015
“We, 2015, we did let's see, 14 would have been 15. We did six.”
Cam Doody Sep 16, 2016 ▶ 5:09 EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
Disclosure
Doody: Bellhops Is Launching Its Own Truck Fleet
“Especially as we start launching our fleet of trucks, which is the next biggest strategic initiative for the company.”
Cam Doody Sep 16, 2016 ▶ 5:33 EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
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