I love watching porn....

Not that kind of porn... creeps.

I'm talking about r/PowerWashingPorn

Let's dive into a dirty business that makes $3k to $5k a month with just around $500 in startup costs: Power Washing ImageImage
What I love about pressure washing is there is demand and opportunity in both commercial and residential spaces.

So let’s look at 3 macro trends going on in the U.S. that bode well for this side hustle:
1. Homeownership is on the rise.

2. Residential construction is booming, which means homeownership will likely continue to boom along with it.

3. Workers are starting to head back to the office.
If we know there is demand, then what does it take to get your piece of the pie?

Surprisingly, very little.

Let’s start with the equipment. You can buy a high-end gas-powered pressure washer on Amazon for under $350. Image
Or you could go @UAcquisitions style and buy an entire pressure washing business that cashflows $220k a year Image
But let's say you are going to start your own. Here's what you'll need:

$350 Power Washer

$40 Accessories

$20 Cleaner

$80 Ladder

$40 Hose

= Total of $530

So, for about $500 in start-up costs, you have what you need to make money.
How much money can be made?

Based on my research, you can charge around $250 to pressure wash a driveway.

Depending on the neighborhood and size, that can go up to $350-400.
But rarely does someone just need their driveway pressure washed.

To pressure wash a 2,000 sq foot home, you can charge $800-$1000.

Add their front or back porch, and that’s another $400.

So a single home can bring in $1500 – $1800.
Again, all of this depends on the market, square footage, and how fast you want to scale

But you can start to see how much cash one gas-powered machine can crank out.

Startup costs – $530

8 driveways a month – $2,000

16 driveways a month – $4,000
So how do you get your first few customers?

First tip: Start low pressure with your high pressure business

The smart play here is to start small, start local.

Build your business and reputation on driveways.

Just 2 driveways can cover the cost of your equipment.
Make nice with realtors and your neighbors.

If you’ve ever sold a house, you know the first thing your realtor asks you to do is pressure wash the entire exterior.

Why?

Because it washes 10 years of age off your house.
Get in good with 4-5 realtors and you’ll be busy for months.

The key with realtors is your ability to turn around a job quickly. If they have to wait 2 weeks, they’ll lose your number

If you can knock out the job within 2-3 days, they’ll name their firstborn child after you
But the best customers are the ones you see on a daily basis – your neighbors.

If you do a great job, they’ll tell other neighbors

And those neighbors brag about you on my favorite place in the whole wide world – Nextdoor. Image
Power washing is one of my favorite boring businesses, and its one of the best ways to quickly make $3k to $5k a month

Does anyone run this type of business? Let me know down in the comments 👇
I broke down the power washing business in my Contrarian Thinking newsletter today.

If you want more details, make sure to read the full piece here: contrarianthinking.co/a-filthy-biz-t…

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More from @Codie_Sanchez

28 Nov
I’ve invested 100’s of millions of dollars, and lost my fair share of deals…

Here’s 19 contrarian lessons about investing & making money:
Learning is the cheapest form of investing

Hard to get a negative ROI, and can pay dividends for years.

When I was young and dumb I was young and dumb.

Which usually means too loose and inexperienced.
Investing has an insider language.

Learn the language and you can enter the club.

I carried a book around in ibanking filled w/ unknown terms:
ROI, IRR, waterfall, ratchet…
Read 21 tweets
22 Nov
Just got off a call w/ a CEO coach.
He got paid $100k to help turn around a $20M biz.
Doubled their profits to about $10M.

He didn't like when I told him that was a terrible deal for him..

Why? ->
What would I have told him to do instead?

IF you are good, play avoid short term wins, in favor of long term windfalls.

Two words - Revenue share.

get a % of the $ you create instead of set fees.
The average Turnaround or interim CEO in PE world makes 87% more than non-PE backed CEO's on average.

- they also are highly aligned to equity as opposed to salary

Why? Every PE deal is usually some type of turnaround. Image
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20 Nov
You can literally build an audience & cashflow on ANYTHING.

10 accounts that will blow up on "boring" things... and why you should follow them...
@joepohlen - tweets about old people.

Well really, assisted living facilities and how to run and profit off of them.

@realEstateTrent - will not shut up about strip malls.

And he shouldn't.
His takes are tactical, interesting and he's grown 30k since I first followed him.

Read 13 tweets
19 Nov
The greatest privilege in life… is to be yourself.

A thread on doing the damn thing...

I *know* you have that thing inside of you... I did too BUT...
I was horrified when I first started being public, ahhhh the trolls, the name-calling, the imposter syndrome.

Ignore it.
Hell, I’m an investor. I’ve kinda walked the walk.

- raised billions
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blah blah...

And mfers still be saying “it’s photoshopped” 😂
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18 Nov
An opportunity for 113% - 304% Cash-on-Cash return on someone else’s real estate?

A thread on how @barrettjoneill is using mobile container storage to ‘park’ cash… (get it 😂)
Mobile container storage = kinda sexy biz.

Lots of people have made storage interesting ( aka bud @sweatystartup ) but hat about storage that moves...
@OnDemandSt0rage containers are 16’ x 8’ x 8’ constructed of steel and fiberglass

They're like Pods except you can own individual storage containers and a route or area, instead of having to start the whole business yourself.
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17 Nov
Today, Contrarian Thinking is a thing, 100ks in our ecosystem, profitable, 7 figure ARR...

But a year ago as I told my PE firm I was leaving to do a "lil blog," they thought I was #1 joking then #2 dumb...

Leaving finance was scary.

Here's how I stopped losing sleep & jumped:
#1 I started building while still w/ a "paycheck"

Even as a partner and someone who had built before, NEVER had I had such a public potential flop if I failed.

Building in public real-time scared me to death.

I hedged my bets -> paycheck until profits.
#2 Make losses wins

I said in my head what if this fails miserably (aka no $, no readers) how could it still be a win?

Answers:
- learn to write better.
- meet 10 new investors.
- learn a new asset class & $.

Make even ur losses a potential win.
Read 9 tweets

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