Bellhops co-founder Cam Doody assesses the total market size for Americans who hire professional movers rather than handling moves themselves.
0:00 / 0:06exact quote · 6.6s
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“The moving industry, the 25% of Americans that, that hire traditional movers is a twenty billion dollar space.”
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More from Cam Doody
AssertionNot 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 DoodySep 16, 2016▶ 6:52EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
AssertionSupported
Doody: Bellhops pays movers $13 to $15 per hour
“We pay our bell off between 13 and 15 bucks an hour.”
Cam DoodySep 16, 2016▶ 10:29EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
Insight
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?”
Cam DoodySep 16, 2016▶ 13:56EP 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 DoodySep 16, 2016▶ 18:18EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
AssertionNot 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 DoodySep 16, 2016▶ 5:09EP 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 DoodySep 16, 2016▶ 5:33EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com
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