So, you’ve decided to take on excavation work but are not sure how to Make Money from an excavator purchase. Buying equipment is not a big deal but generating business is!
An excavator is one of the most versatile and adaptable pieces of equipment and is one of the most widely used construction equipment. But merely purchasing an excavator will not make a stream of income for you.
So, here’s our take on some ways to Make Money from an excavator purchase:
Rent out the excavator
Renting is one of the easiest ways of making Money without much hassle. It’s the perfect business plan for those who want to enjoy earning without putting in a lot of effort. All you need to do is purchase the right kind of machinery, and then use the equipment for excavator hire services.
At the start, you can invest in a mini or compact excavator and then move on to larger machinery. A mini excavator is a good starting point if you’re investing for the first time. It will give you experience in developing a business plan and earning a name in your local business community.
First, you need to study your market. You need to know what sort of demand there is in your local community. You can reach out to local construction companies and ask them about the type of excavator they need. Survey how much they are willing to pay to rent an excavator.
Sewer and utility line work
Sewer and utility lines require periodic maintenance or cleaning and there are always new house construction and renovation works. That’s where you can offer your services with the help of an excavator. The job is not difficult, and the returns can be good.
A lot of projects involve demolition of some sort. You can use a mini-excavator to undergo a small demolition job. Many people are looking to demolish small structures like garages, decks, sheds, or fences. Now, most homeowners or clients want to Save Money. For that, they are willing to pay a reasonable price to a person with an excavator.
You can showcase your services on social media or your local directory to let people know what you’re offering. Be sure to include your experience in your advertisement and any training or experience you have in this field.
Swimming pool excavation
Many homeowners require someone with an excavator who can dig out a pool space. That’s where you can step in with your mini-excavator and some technical knowledge. The pool digging job takes several days, and you can set a minimum of 6 hours per job.