If you're a college student who wants to pay off all your loans... here's an idea for you:

It takes ~$5k to start and will make ~$30k a year of profit

It won't get you rich, it'll pay for college.

(..and will teach them more about business than they’ll learn in school)

The idea isn’t sexy. But it works:

**Plastic Moving Bin Rentals**

Everyone knows moving sucks. The worst part is being stuck with 400 cardboard boxes at the end of your move.

Instead - @benmlevy told me about Gorilla Bins. They dropoff plastic moving bins, & pickem up later.
Let’s break it down. Our goal is to pay for college (~$30k profit per year).

To do that, I think we’ll need $50k in revenue.

The avg move (a 2 bedroom apartment) is $180

To hit our goal, we need do ~5.5 moves per week
COSTS?

How many bins do we need to buy up front?

5.5 moves a week x 50 bins = you need 275 bins. Let’s round up to 300 to be safe.

Ok let’s hop over to @uline to see how much these bins cost
Bingo. Bins cost about $15 a piece.

$15 x 300 bins = $4,500 initial startup costs.

Time to beg your parents or a rich aunt to lend you money to get the biz rolling (...or just take $5k of student loan money and invest it here…)
These bins are tiny plastic cash cows.

You buy the bin for $15. Each move, you're renting it out for ~$3.50 per bin

~4 moves and it’s paid off.

Over a 2 year lifespan, the bin will get rented out ~100 times, for ~$350 in revenue

That’s a 23x return on investment, per bin!
OK so what's the fastest way to start this?

People waste a ton of time on naming, branding, incorporating. We’re going to do ALL that stuff in an hour, for like < $300.
First let’s grab a name. Everyone’s moving to Miami nowadays (thx to @MiamiMayor) so let’s pretend we’re there.

We want a simple name. Like the moving company Two Guys & A Truck.

Bin Bueno?
The Miami Bin Company?
….wait..
Miami Bin Boyz !

Name is available for $1/mo!
We don’t need a designer. Let’s grab a quick logo from namecheap’s free logo maker

Just type in the name and what it does..and it spits out some logos.

OK it gave us 3 options… I like #2 with the wave logo the best.
We’ll use UpCounsel to incorporate.

I hate overpaying lawyers for basic stuff.

If I'm getting sued. I'll pay top prices.
But for basic legal paperwork? Upcounsel baby.

$300 bucks for something like this.

Such a great business 👏 👏 @XavierHelgesen @SievaKozinsky
OK. We have a name, logo, and corporation.

We bought 300 bins, and branded them with stickers from @stickermule .

Now we just need customers (aka the hard part)
What’s our ad budget?

Well we’re shooting for $50k in revenue
$4,500 for bins
$500 for misc startup costs
~$8k in labor (pickup & dropoff bins) per year

If college costs $30k a year, that leaves you about $7k for a marketing budget.
The easiest way to get customers will be Google Ads, Yelp Ads, and offline stuff like flyers or partnering with moving co's

In most cities, there’s nobody advertising for the keywords “moving bin rental + [cityname]”

eg. miami, the company advertising doesn't even serve Miami!
And if you’re feeling ambitious:

1) Take this concept and franchise it to students in other college towns

2) add on a moving truck service to increase profits

3) or sell self storage leads to guys like @sweatystartup
Boom!

For less than < $5k of startup costs, you’ve built a business that will profit >$30k a year.

You’ve paid for college, and probably will learn way more doing this than anything you’ll learn in the classroom.
If you like this kinda thing. Follow me @shaanvp and get my newsletter 💌https://t.co/hyXkTjKWSo.

I break down ideas & businesses like this every week!

More from Shaan Puri

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Having made over 1000 boxes for vulnerable families in Cambridge via @RedHenCambridge (thanks to our customers 🙏🏽) My thoughts on the £30 box thing. Lots of factors at play here. 1/

If the pics in this @BootstrapCook thread are true and correct then the Govt/taxpayers & families in need are getting absolutely SHAFTED 👇🏽 2/


There are some mitigating circumstances. A £30 box won’t ever contain £30 (retail) worth of food - people aren’t factoring in
-the cost of the box
-paying someone to fill it
-rent & rates
-& most expensive the *transport/distribution*

3/

If you’re doing the above at scale. Delivering *across the UK* it’s not cheap BUT IMHO there should be at LEAST £20 worth of groceries in a £30 box. To get more value they need more fresh produce. Just carrots & apples is terrible. 4/

I’m gonna put my rep on the line here & say something about these big national catering companies whose names I’ve seen mentioned. They are an ASSHOLE to deal with & completely shaft small businesses like mine with their terms which is why I won’t deal with them. 5/

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I hate when I learn something new (to me) & stunning about the Jeff Epstein network (h/t MoodyKnowsNada.)

Where to begin?

So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.


"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991."
https://t.co/DAEgchNyTP


OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg

Dalton School...Dalton School...rings a

Oh that's right.

The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.

Donald Barr was also quite a


I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."

Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.