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- Furniture Delivery a $100 Million Niche?? (1) (1)
Furniture Delivery a $100 Million Niche?? (1) (1)
Newsletter Highlights
According to this article in CNBC, Mars, a major candy company, has committed to ending the use of child labor in its supply chain following a CBS News report exposing child labor in Ghana harvesting cocoa for M&M’s and Snickers. Despite industry pledges over two decades, Read More..... |
According to this article in US News, Toyota is selling a portion of its stake in Denso, a components maker, to raise approximately 290 billion yen ($2 billion) for its electric vehicle and innovation endeavors. The sale will reduce Toyota's stake in Denso from 24.2% to 20%, while still maintaining its position as the top stakeholder. Read More..... |
💡 Hustle Story Spotlight 💡
Tune in and see how family owned T&R Oil and Tullo Truck Stop has dominated multiple niches in the New Jersey area including fuel distribution, truck parking, EXXON Gas Station Franchising, Diesel Exhaust Fuel (DEF) Distribution, & More! CEO Dominic Tullo sits with Rahmel and breaks it all down.
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Growth Tips & Tricks
FACTS & FIGURES: MEDICAL COURIER BUSINESS
Medical courier businesses have an investment range of $4,000-$10,300 and can be built within 0-3 months. The industry is growing.
Revenue potential is $73,000-$146,000 per year and profit potential is $62,000-$95,000 per year. Commitment level can be flexible.
Pros include flexibility to set your own hours, good money charging up to $45 per hour, and low startup costs using your current vehicle.
Cons are that it is highly regulated with licensing required and strict guidelines to follow, and there is stiff competition.
As of 2022 there are 256,633 courier and local delivery businesses in the US. The industry is worth $133.8 billion and has grown 5.5% annually since 2017. Growth is forecast to continue at 5.5% annually through 2027.
Trends include use of technology for real-time tracking and traditional delivery companies being more expensive and slower. Challenges include highly regulated shipping/handling and the need for medical courier certification.
Startup costs range from $4,000-$10,300 including licenses, marketing, website, computer, software, and certification. Revenue ranges are $73,000-$146,000 per year and profit ranges are $62,000-$95,000 per year.