Hidden High-Paying Trade Jobs to Consider

Shine Star

Are you curious about the highest paying trade jobs in 2024 that nobody is talking about? From skilled technicians to specialized trades, these careers offer amazing salaries, job security, and opportunities without a traditional college degree.  In this video, we reveal the best under-the-radar trade jobs across the US, UK, Canada, and Australia that can boost your income this year! Whether you’re just starting out or looking to switch careers, these jobs might be your ticket to financial success.  #TradeJobs  #HighPayingJobs  #Career2024  #SkilledTrades  #JobTips  🔥 Topics covered: Top trade careers with the highest pay in 2024 Job outlook and growth potential Skills needed and how to get started Insider tips for trade job success  Don’t miss out on these hidden gems! Make sure to like, comment for more career advice and trade job insights.

Transcript

00:00The amount of money you can make with a trade job will shock you.

00:04Now, a lot of people talk about the really well-known trade jobs that everybody knows

00:08pay a lot of money. Plumbing, HVAC, etc. But there are a bunch of high-paying trade jobs

00:13that nobody talks about. In this video, we are going to break down exactly how

00:18eight hidden trades make an incredible amount of money and how you can copy their homework.

00:23So let's get into it.

00:26Really important point. The process to riches and freedom is three steps.

00:30Learn, earn, own. And I believe that you can start working for yourself, but then you learn

00:35how to earn a bunch more and finally you own a business. So in this video, we're going to break

00:38it down just like that. We're going to show you the three different levels. An employee as a plumber,

00:42for example, you can vary how much you make, $65,000 to probably $150,000. Now, if you own the

00:50business, you can make $300,000 as an owner-operator. If you own the business and you have other plumbers,

00:56you can make millions. So we're going to scale up right alongside you.

01:01This one's fascinating. Septic truck owner. You've seen probably these trucks everywhere,

01:05but I bet it would surprise you to know that just one septic truck can make between $500,000

01:10and a million dollars a year simply from pumping out people's septic tanks. And the best part,

01:16the demand for people needing this is high. How do we know? Well, the septic companies simply can't keep

01:23up with the amount of business that they have, which is your opportunity. Now, I know this because

01:28in preparing for this video, we actually decided to call a bunch of septic tank companies and find

01:33out how much they charge. Here's what we found out. Nine of the 12 companies never pick up the phone

01:38and never call me back, which is a good sign for the fact that they're busy. Three companies did pick

01:43up the phone, said that they're at least a month out as far as being booked. Of the three companies

01:47that answer their phones and gave me a price, the cost for one septic tank is anywhere from $700 to

01:54$900 for a thousand gallon tank. And that number actually goes up if you need same day service,

02:00if you need after hours service, or if they need to travel more than an hour outside of their normal

02:05range. And typically after hours works. So you're on site. That takes you 20 to 25 minutes to pump a

02:12tank. After taking every time delay into account, one receptionist said that she typically

02:17schedules a two hour window for every septic tank that gets pumped out. And that on average,

02:23her company's septic tank drivers average anywhere between four and six jobs a day. That's a lot.

02:30That quickly adds up, particularly if you keep in mind that if you wanted, this is easily a seven

02:36day a week business as people's septic tanks still overflow and need fixing over the weekend.

02:42Let's talk revenue. I think you could on average pump five tanks a day,

02:47which works out to 3,500 a week. Multiply that by 52 and you're making over a million

02:52a year in revenue. Now that's top line, but how much does it cost? So you know how much you take

02:57home. Well, the biggest cost of course, is the disposal of the waste. You can't just dump that

03:01all around. You have to put it in certain places. Pumping five times a day, that's a thousand bucks for

03:07disposal costs. Let's call it 200 bucks for fuel. Let's call it 200 bucks for insurance and your car.

03:13That means costs all in annualizes about $436,000 a year, which means you're netting somewhere between

03:20400 and $600,000 to you. Let's talk about my thoughts here and break this down. Let's call this

03:26what sucks, what's kind of cool. Issue number one, seasonal business. If you're in an area where it's

03:32cold during the winter, you might have less business. Second, vehicles are expensive. So is

03:37their maintenance. So you've got to make sure you factor that into your spreadsheet. A big pro is that

03:43restaurants need their grease traps pulled out regularly. If it was me, I'd probably be running

03:49over to restaurants and saying, let me come on a monthly basis and I'll haul it all away. Now,

03:53bonus tip could be adding something like a port-a-potty rental business to this. So I'll pull

03:58your septic tank. I'll also input some port-a-potties like we did in this business. We broke down every

04:03single aspect of that port-a-potty business if you want to check that out too. Oh, important side note

04:08guys. If you're vibing with this video more than a catfish flopping around in a mud hole,

04:13make sure to subscribe. Easier than catching a cold in December, I'm told. Plus, hopefully we make a

04:18bunch of money together. Hit that subscribe button. Okay, let's get back into it. On to number two,

04:23basement waterproofing technician. I figured you've never actually guessed this one before. What

04:28exactly do they do? Simple as it sounds. If you have a basement, you really want to make sure

04:32that if anything goes sideways, if it rains a lot and you store stuff in there, it's clean. So most

04:38people waterproof their basements. It's an actual process with a technician that comes out. But how

04:43much can you realistically make doing that? Well, from our research, we found that on average, a

04:48basement waterproofing job can be completed in two days, costs about 4,500 bucks. Let's say you take

04:53an average daily rate of 2,200. If you work six days a week, that's $686,000 over a year. If you don't

05:00work six days, you're still making high threes, low 400,000. But let's not carry it away. Let's

05:07look at the expenses. Let's say it costs you 300 bucks a day for material expenses, another 100 bucks

05:13in fuels. Finally, you're going to have maintenance and insurance on your equipment, maybe another 200

05:18bucks a day. Adding that all up, your total expenses is about $187,000 a year in this business. And even if

05:25the number comes in slightly higher, you're still talking about a couple hundred thousand dollars in

05:29profit. Now, what do I like? What do I not? Well, what I like about this is when it rains in this

05:37business, you probably actually see more demand. So offset that seasonality, the first one. One thing

05:42to be wary of, though, is that every job is going to be different. So that means you have to do custom

05:47RFPs for every single one. That's sort of a pain. I don't love that for businesses. And lastly, for this

05:53business in particular, I'd want to do some add-ons. Probably if I get inside a house, they're going to

05:57trust me to waterproof the basement. Probably want to have a few other things that I could sell them

06:02to because it's going to take a decent amount of time. You'll probably have a waiting period in

06:06between you waterproofing certain areas. So I might think about adding another one of these businesses

06:11we're going to talk about to it. Speaking of adding a little something, I want to give you something

06:15that is going to make getting one of these trade jobs so much easier to start. So if you want one of

06:20these jobs that pays a bunch of money, a great interview is really important. So whether it's for a job or

06:25to become an owner, everybody's always interviewing. So HubSpot put together an interview

06:30kit that you can download from the link below. It's a collection of templates and resources to

06:34help you land your next role, like resume and cover letter templates. It'll help you come as your best

06:40self to the interview. It also has an 18-step checklist for pre-interview prep and eight tips

06:45on things to remember. I also really liked the 50 most commonly asked questions and scripts on how to

06:50answer them. Nobody wants to hear your life story when you get asked, so tell me about yourself.

06:54It's the worst question ever. Every interviewer asks it. So I recommend you download this.

06:59You'll be way ahead of everybody else and you can land your high paying trade job.

07:03Thank you HubSpot for sponsoring this video and making us some money.

07:08Next, diesel technician. If you look at what they do, they provide mechanical maintenance and repair

07:14services to natural gas or diesel engines and compressions. Or in other words, they fix these

07:19bad boys. And that is a real specialty. And it'll shock you once you start looking around how these

07:25machines are everywhere. Every single large construction company has these diesel compressors

07:30on site. So much so that there are simply not enough mechanics going around to work on that type

07:35of equipment. It's a perfect recipe for a high paying trade job. So how much can you make? Well,

07:41it seems like they charge $2,500 a day on average. They tend to work five day a week. So adding that

07:46up, that works out to be $650K, obviously, if you could fill every single day. But the best part about

07:52this business is scale. You need a technician that costs about $80K a year. You pay for their fuel and

07:58maintenance. And then this is a business that you can scale up with some ease. What would you need for

08:04this business to work? Well, you're definitely going to want to be in a state where there's a lot of

08:07construction going on because this is dependent on people building things for the most part. What's

08:12really cool is it's easy to actually see right here, you can go online and look at states and cities that

08:16have the most construction. In tandem, it looks like across the US. So almost across the board, these

08:22operators are really not easy to find, which means if you become one, and you train some others, you guys

08:29can grow up a pretty big company yourself. Now, the biggest issue with this is the biggest opportunity,

08:33which is there aren't enough diesel mechanics out there. That means that you'd have to do a job of

08:39helping either attract and give better incentives to them, or you train them. This industry is growing,

08:45which is cool too, about 8% a year. And it looks like it's much more competitive than general mechanics,

08:51which I like. Now, because there's demand all over the place, you could also move around the country a lot. You

08:57could work in a garage dealership, an airport, or even in your own private business. You might want to try a

09:03different industries if you do this. Now, there's one downside to this, which is it can be dangerous.

09:08Flammable chemicals, powerful tools, definitely some workers' comp risk here. This is also a very

09:15manual labor business. Septic tank pumping, and I should know this since here's a cut of me pumping

09:21porta-potties, is not actually that labor intensive. It doesn't take a lot of work from a heavy labor

09:26perspective, but this does. So you probably got to be a pretty powerful dude or chick to do this.

09:32Next one, Boilermakers. What is this? These guys assemble and maintain boilers and other large

09:37vessels that hold gases and liquids. Now, they have to work often to go to work sites for a long

09:43period of time. You only need a high school diploma in order to do it, and they typically learn their

09:47trade through apprenticeships. The median annual salary for this job is about $71,000, but that goes up

09:53pretty aggressively to $150,000. They make anywhere from $75 to $200 an hour. And fixing the boiler

10:01maker in one house can range from $7,000 to $10,000, depending on the capacity. To replace a

10:08boiler maker is a whole different thing and way more expensive. The most interesting part about this

10:13is it depends on what type of boiler. So we're not going to get too technical here, but you can

10:17basically, even within the industry, if you're licensed and you specialize in the higher-end ones,

10:22you can make more money. How long does it take to install a boiler? A couple days, on average. So let's just

10:27say you only do two in a week, averaging $7,000. That's $15,000 a week or $825,000 a year. I think

10:36what you're making here is somewhere between $400 to $800,000 a year top-line revenue with you

10:42actually executing the installation and the repair on the boiler makers. Now, of course, remember, with all

10:49of these businesses, we can learn it, then we can increase our earnings, and then finally, we can build

10:54a business around it. Because you have a trade as the owner of the business, you immediately cut down

10:59your costs so much, and you can grow a multi-million dollar business this way. But maybe start with

11:03making a bunch of money by just doing the job. All right. Do I like it? And what sucks? Let's get

11:08into this portion. Let's talk about the cons first. One, requires a lot of travel, which I guess is a pro

11:13if you're into traveling all around. If you're in a big city, you have to travel less. If you're in a rural

11:17area, you're not going to have as many jobs centralized. That's the first thing. The second one is these

11:23are transactional jobs. You're probably not going to be getting more work, more, more work, more work

11:27from the same people, unless you have a big construction or commercial contract in which

11:31they're putting you into all of their locations. This is also a business where I like you guys

11:35working for somebody else first, because then you'll figure out how do they get clients? How do

11:39they get more of them? How do you steal some of their homework? So this isn't something that I would

11:42probably jump right in and start my own business in, unless I was actually a member of this trade.

11:47Next one, millwrights. Millwrights work on dismantling or reassembling machinery to move

11:54it into factories or plants. Wild. They calibrate, adjust it, make sure it meets all the specs. You

11:59basically need a high school diploma and a three or four year apprenticeship to get to the top of the

12:04trade. What's fascinating is they make anywhere from $60,000 to $130,000 and the industry is growing

12:09like crazy, like 8% a year. So if you were the owner operator of this business and you are a millwright,

12:15you're making about $208,000 a year. Let's say you doing everything. How much does it cost you to

12:20run this business? Let's do some public math. All right, we got insurance. Let's call that about

12:24$10,000 per year. Materials and supplies, a thousand bucks a month, 12k per year. Equipment,

12:30maintenance and repairs, about 5,000 per year. Transportation, let's call it 24k a year. So we're

12:35sitting right around 50-ish thousand dollars a year, which means that your estimate is somewhere

12:41around $150,000 you're making by being the owner operator of this business. Now you might not think

12:47$150,000 seems like a ton of money to do this, but this is with nobody else in the business. No

12:52complications. You go and do the work and you take home six figures, which I thought was interesting.

12:57Of course, if this was me, I would scale this bad boy up. So let's talk about some of the pain

13:02points that I see. Well, it does require a lot of different tools for every job. So you're going to have

13:08drill bits and flap discs and MIG wire and taps, but you can buy this as part of the job and include

13:16it in the cost. So that doesn't have to go to you. High demand. This is an industry that has a lot of

13:22demand, especially in construction. The other thing that I was thinking about with this is, you know,

13:26diverse work opportunities. You can work on a ton of different types of machines. You can become a

13:30hyper specialist in it too. Anytime you hyper specialize, you make more money. High startup costs. This is true

13:36for this business because you do have to have all these types of tools, equipment, and training.

13:41Then you have what's called CapEx, which is startup costs. Skilled labor is hard too. Like the other

13:49industries, this is why you guys make a bunch of money in it. Skilled tradespeople, hard to find.

13:53And then finally getting adequate insurance, really important and can be expensive. You saw that it's

14:00still a six figure business with you just working on it, but things to note.

14:02Let's talk about the next one. Elevator technician. This one always cracks me up because I'm like,

14:08really, are there enough of them? Well, the answer is not really enough of them. We need more. You

14:14probably get annoyed when your elevator is out of service if you live in a building, right? But think

14:18about this, the maintenance that they have to do on that, not just to actually function, but for the city

14:24is sizable. This job pays $97,000 on average. And what's interesting is the industry is growing.

14:32So technicians earn 75K to about $130,000. And a lot of them do substantial government contracts

14:41where they then end up making more than $200,000 per year. What I like about this, very little startup

14:48costs. And for most of these businesses, you can get rolling for somewhere like, you know,

14:53a couple thousand bucks with the right equipment to start. So in this business, we're making somewhere

14:57between 97,000 and 200,000 just for being an employee in this business. Then if we become

15:03an owner operator, I think you're doubling that. But how much do we actually take home with expenses?

15:09Well, it looks like to start one of these businesses is actually not that much money.

15:13Typical business startup costs like insurance and website setup, all of that aside, it'll take about

15:21$20,000 in equipment. Plus let's add another 20,000 to 30,000 on top for typical business expenses.

15:29So we're talking about 50K to get this thing rolling and to run it for one year. What's

15:34interesting about this business is it doesn't have the big trucks and all the insurance on top of it.

15:40And you don't have supplies that you have to keep reusing and you don't have any costs like waste

15:44disposal. So the margins on this business are actually much higher. I do like that about it.

15:50Now let's go to what sucks and what I like. We've already talked about low startup costs.

15:55That's a major pro. The second pro, as I think about it, is look at these customer retention

16:01rates. Once a customer uses you, it looks like they don't break up with their elevator operator

16:07very much, which makes sense unless you really fuck up. Third is predictable income streams. They have

16:12to have you come in and check off their certification in order to be able to keep using their elevators.

16:18So that's built in recurring revenue. Also looks like demand is continuing to be high

16:24and it's a recession resistant business. I think if you had a really good referral program in place

16:29for your customers to tell their friends about your product, you could probably continue to grow

16:33just by showing up on time. Cons is high liability. You could kill somebody if you suck at this.

16:39Insurance premiums are also going to be high for that reason. Now for this business, you are going

16:43to have to have a bunch of licenses and certifications. So you need to make sure because it's highly

16:47regulated that you understand what those cost and how hard they are to get. It's really going to depend

16:52on city and county, so I won't go into too much detail. The second thing that I would do if I was going to grow

16:57this bad boy is I would get in with a ton of builders and property managers. Those are your

17:03clients. And I think if you got in with a few of them over time, you would continue to grow. You're

17:08going to also need to have the same problem in every other one, which is labor and making sure you find

17:13more people like you, unless you're going to own or operate it and make a couple hundred thousand

17:16dollars yourself. But this is a cool business. I like the recurring revenue.

17:19And lastly, street parking lot light maintenance. Wild. Tens of thousands of street lights in every

17:26city and some are owned and maintained by the city, but a lot of them are by private installers

17:32and maintainers. The great thing about this business is that people need to fix it ASAP

17:37for security reasons and they need it constantly as these things run out. The services that I do are

17:43light installation, light repairs, retrofitting light to LED, ongoing maintenance. And the numbers

17:49for this business are really interesting. If you were going to replace one pole light, that's 3K.

17:54Timber or steel, 5K. Install costs for one like this, 5K. So that's like $15,000 for just

18:02one series of lights. Looks like it takes about two to four hours per job. In some places they charge

18:09you a thousand bucks to replace a light bulb, which is wild. We did our homework on this one.

18:13I looked up a bunch of different sites and what it costs to replace light bulbs. You can

18:19have a contract to go in and replace all the light bulbs, let's say in a hotel unit

18:23and industrial or residential building like this. That on average is $25 a light bulb. Seems like a

18:28lot, but I guess it takes up some time. Now, if you're going to actually do the industrial city

18:32lights, that can be anywhere from $150 to $700, which I thought sounded insane, but here's the

18:37reasons why it takes that long. When I go and look at some of the contracts out for, let's say in this

18:43instance, this is in Brooklyn, these require you to get up on a lift. They require you to actually

18:49usually have a two-man team. And sometimes those bulbs have custom orders. So you have to go and you

18:55have to order the bulbs ahead of time. You have to post them at your location for a period of time. So

19:00that's why this is more expensive than what you might think. So in this instance, if we go the super

19:05low end and we say that you're doing about $800 a day, that's about $208,000 in revenue if we take

19:11260 working days a year and we blow it out. Now, on average, if you're doing stuff for the city, this

19:18is going to be closer to $500 to $700 a light bulb. So we're getting to a business that is now doing

19:24$700 to, if we could say that we're actually doing $1,000 light bulbs, that's a $2 million a year

19:30business at that level. Now, the part that's interesting is, of course, replacing the light

19:35bulbs isn't even the most important part. It's also wiring them correctly and making sure that you

19:41understand maintenance overall of a lighting grid. The expenses on this aren't nothing though. When I

19:47was looking up at them, it looks like truck upkeep and maintenance for a business like this is sizable.

19:53So you're going to have, let's call it a couple thousand bucks a month in you both renting a truck

19:59and having insurance and maintenance on top of it. Labor in this amount, well, if you're the laborer,

20:05it's free. And that means that that, you know, $200,000 to $400,000 is going into your pocket.

20:10But remember, these people make about $97,000 to $130,000 a year. So you're going to have about

20:16one third of all the money you make go to labor costs. Insurance, let's call it a couple thousand

20:23dollars a year, not a month. And then you're going to have to have somewhere to host those light bulbs,

20:28the truck, all of the tools, etc. You're going to have to have some type of rent. So depending on

20:33what that looks like, I don't know, let's say $50,000 a year, which means your annual expenses

20:38are from an owner operator going to go from somewhere to 100,000 all the way up to if you

20:43were doing a $2 million business a year, probably $900,000 in total costs. But that means this business

20:50is operating at about a 30 to 50% profit margin. So $150,000 to let's call it about just shy of a million

20:57dollars if you get all the way up to $2 million. That's why I like this business in particular.

21:01Then I think if you start out as an apprenticeship in this business, it looks like the highest paying

21:06trades business that nobody thought about. There you have it. All of these trades are huge

21:11opportunities right in front of us, but nobody talks about them. And not only that, it's important

21:16work. These jobs are the backbone of our society. They're businesses that don't just change your life,

21:21but they change our communities. Let me know which one of the comments you think is your favorite.

21:25Also, let me know where you think we got the numbers wrong and where you would do something

21:29differently. The only way that we build bigger communities is by getting our hands a little

21:34dirty. So I want to hear from you guys.

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