What businesses can I start with a mini excavator? What are the ways to earn money from a mini excavator? How will I turn this machine into a steady income source?
Do you have these questions in your mind?
Yes?
Let’s discuss the ways to earn money from a mini excavator!
You may have to buy a mini digger for different construction projects as they are versatile machines suitable for a lot of construction jobs.
When you have a mini digger, you can use it to earn a hefty amount of money. It can be a steady stream of passive income for you if you will know how to use it and when to use it.
These compact machines have various attachments which make them as beneficial as standard excavators. They are relatively cheap than large construction machines and have a longer life span.
Their long life span and versatility make them a profitable investment. You don’t need any special training to operate them, nor do you need much money for their maintenance. You can do their maintenance tasks too if you learn them.
So, if you have a mini digger or have decided to invest money by buying one, let’s see how you can earn money from it.
Ways to Earn Money from a Mini Excavator:
Mini diggers have different prices depending on location, model, and size. You should know what the price of a mini excavator in your area is, and what are the types of compact excavators. Different mini diggers are suitable for different jobs, so you should have detailed research on them.
After choosing the right mini digger, you can turn it into a source of income.
Let’s see the nine ways to earn money from a mini excavator.
- Renting:
You can earn passive income from your mini digger by renting it.
How will it be passive income?
You can rent your machine for some days, and can still use it when it will be with you. You can complete different projects with a mini excavator and can earn money from it.
Before renting your mini digger, you should check the rental prices in your area. Every area has different rental prices so you should know your area’s prices.
By renting your machine for almost 100 days in a year, you most probably can gain your revenue back.
Here, you should know that you have to pay your compact excavator’s maintenance and insurance fees too.
But, don’t worry about it. You still can gain profit from renting your mini excavator after taking out all the charges.
So, how will you rent it?
You can rent it by giving your ad on different social media platforms. Spread the word by telling people and giving your ads on the best listing sites in your area.
- Demolishing Jobs:
One of the ways to earn money from a mini excavator is to do demolition jobs. You can do such types of projects by renting your mini excavator on other days.
Due to the compact size of mini diggers, they can demolish small structures. A lot of people avoid calling construction teams for small demolition jobs to save their money. They look for a man with a mini excavator for these types of projects.
So, you can grab such opportunities and can earn decent money from them. If you will pair your mini excavator with concrete breakers, you can demolish concrete structures too.
With this machine, you can demolish driveways, sidewalks, fences, swimming pools, trails, old structures, paths, etc.
Most commonly, you can earn up to $75/h from your machine through such projects. But, the money can vary according to your state and country.
For gaining clients, you should give your ads with your experience and a picture of your mini digger on every social media platform and directory website. By using an attractive caption, you can attract a large number of such projects.
- Loading and unloading projects:
There are a lot of local companies that want someone to load and unload their items.
You with your mini digger can be an ideal option for them. This business is one of the best ways to earn money from a mini excavator.
Before doing such projects, you should know what people around you are charging for such projects. Most probably, you will get $75/h but it can vary due to your location.
Moreover, you should know the delivery cost and how many times you have to load and unload in a project. You should keep these elements in your mind while setting the price.
So, from where you can find loading projects?
As local people and businesses have such projects, you have to become a social person to gain these projects. Attend networking events and make connections to gain clients.
- Digging Rivers:
Do you live in the riverine area? If yes, then you can earn a steady income from your mini excavator.
This compact machine is ideal to dig holes in the river. This machine can dig rivers within days, which makes it an ideal choice for the construction team.
You can either become a part of the construction team to dig the river or can rent your mini excavator for this job.
These types of projects can take almost a year so it will be a profitable business for you. You don’t have to worry about the source of income for a long time now.
- Sewer Lines Project:
Mini Excavator can install sewer lines in the city. Due to their compact size, they can go to tight places and in heavy traffic areas to fulfill the job.
Sewerage projects keep on coming into the city, and they have to be constructed throughout the area. In these projects, you can get profit due to your mini excavator.
For such types of projects, you can either take part in it or can rent your machine for this purpose.
- Installing Pools and Hot Tubs:
One of the profitable ways to earn money from a mini excavator is to install pools and hot tubs in the houses.
There are a lot of people who want a pool or hot tub in their backyards. As mini excavators can go through the doorway, they prefer to hire someone with a mini excavator.
If you have the technical knowledge, you can install a pool or hot tub in a house. You can charge for this project after knowing what people are charging in your area.
Moreover, you can take the delivery charges too. As you have to deliver your mini digger from your place to the job site, you can ask your client to pay the delivery charges.
In case, if you don’t know how to do these types of projects, you can rent your mini excavator to the industrial industries which are doing these projects.
So, from where you will get pool installation projects?
You have to make connections with pool installation industries and companies to gain the projects. You can also spread the word through social media to get hired as an individual.
- Sell your Mini Excavator:
One of the straightforward ways to earn money from a mini excavator is to sell it. There are a lot of industries and individuals who will love to buy a mini excavator from you.
In this way, you can have a hefty amount of money in your pocket. You don’t have to worry about the maintenance of your machine anymore.
But, there is a drawback to this method.
You can’t earn passive income from your compact excavator. So, do think about this method before going for it.
- Plowing the snow:
Another amazing business you can start with a mini excavator is removing the snow from the garages of houses, and the roads of the city.
If you live in an area where snow falls in winter, you can cash it by plowing the snow through your mini digger.
But, in such projects, you have to keep some points in your mind.
In some areas, the weather can get harsh, and plowing snow can become complicated and technical. Your mini excavator can also get affected due to the winter. So, do access your machine and weather before going for these projects.
Now, how do you find these projects?
As snow falls in your area, you must know a lot of people who want this service. They want someone to clear their houses from the snow. You can talk to them, and their neighbors, and can offer them your services.
This is the best way to find such clients.
You can charge them according to the size of their garages. Most probably, you will get more than $50/h for this job, but it is safe to check your local area rates.
- Remove the fallen trees:
If you know an area where trees fall off because of strong storms, you can offer your services of removing the fallen trees and debris from the road.
You can use the bucket with teeth clamps and grapples to remove the fallen trees. Such projects can give you a pretty amount of money.
Final Word:
So, these are the nine ways to earn money from a mini excavator. You can start a small business of yours, or can generate passive income by using your mini digger in the right manner.
Your mini excavator will give you benefit only when you will use it wisely, and build strong connections. If you do not make wise decisions, your mini excavator will be useless for you.
If you need any help, kindly contact us for more details. If you want to buy or rent a mini excavator, we can help you in this regard.
