What Are the Highest Paying Trade Jobs in 2024?

TL;DR

The highest paying trade jobs in 2024 include septic truck operators, earning between $400,000 and $600,000 annually, and diesel technicians with substantial income potential due to their high demand. Other lucrative options are elevator technicians, who can make up to $200,000, and boilermakers, earning between $400,000 and $800,000. These positions often provide opportunities for business ownership, maximizing earnings through scale.

Transcript

the amount of money you can make with a trade job will shock you now a lot of people talk about the really well-known trade jobs that everybody knows pay a lot of money Plumbing HVAC Etc but there are a bunch of high-paying trade jobs that nobody talks about in this video we are going to break down exactly how eight hidden trades make an incredible... Read More

Key Insights

• Septic truck operators can earn between $400,000 and $600,000 annually due to high demand and limited competition in the market.
• Basement waterproofing technicians earn significant profits, especially during rainy seasons, despite the need for custom quotes for each job.
• Diesel technicians are in high demand due to the prevalence of diesel compressors in construction, offering substantial income potential.
• Boilermakers can earn between $400,000 and $800,000 annually by specializing in high-end boilers, despite the need for travel and transactional job nature.
• Millwrights can earn around $150,000 annually by dismantling and reassembling machinery, with high demand in the construction industry.
• Elevator technicians benefit from recurring revenue due to mandatory maintenance, with potential earnings up to $200,000 annually.
• Street parking lot light maintenance offers high profit margins due to the urgent need for repairs and installations, despite high initial costs.
• Each trade job discussed offers pathways to ownership and business growth, emphasizing the importance of learning, earning, and owning.

Questions & Answers

Q: What is the earning potential for septic truck operators?

Septic truck operators can earn between $400,000 and $600,000 annually. This is due to the high demand for septic tank services and the limited competition in the market. The business can generate over a million in revenue, with substantial profits after accounting for costs like waste disposal and fuel.

Q: Why is basement waterproofing a lucrative trade?

Basement waterproofing is lucrative due to its high demand, especially in rainy seasons. Technicians can earn up to $686,000 annually by completing jobs that typically cost around $4,500 each. Despite the need for custom quotes, the business can be profitable due to low material costs and high demand.

Q: What makes diesel technicians a high-demand trade?

Diesel technicians are in high demand due to the widespread use of diesel compressors in construction. They can earn up to $650,000 annually by servicing these machines. The trade offers scalability opportunities, as there is a shortage of qualified mechanics, making it a lucrative field with growth potential.

Q: What are the pros and cons of being a boilermaker?

Boilermakers can earn between $400,000 and $800,000 annually by specializing in high-end boilers. Pros include high earning potential and the ability to specialize. Cons involve significant travel, transactional job nature, and the need to start as an employee to learn the trade before owning a business.

Q: How can millwrights maximize their earnings?

Millwrights can maximize earnings by becoming owner-operators and scaling their business. They can earn around $150,000 annually by dismantling and reassembling machinery. The trade is in high demand, especially in construction, and offers diverse work opportunities, despite high startup costs and tool requirements.

Q: What are the benefits of being an elevator technician?

Elevator technicians benefit from recurring revenue due to mandatory maintenance requirements. They can earn between $97,000 and $200,000 annually. The trade offers low startup costs, high customer retention rates, and predictable income streams, making it a stable and lucrative career choice.

Q: Why is street parking lot light maintenance profitable?

Street parking lot light maintenance is profitable due to the urgent need for repairs and installations. The business can generate up to $2 million annually, with high profit margins. Despite high initial costs, the demand for services ensures steady income, and the trade offers opportunities for business growth.

Q: How can someone start a career in these trade jobs?

Starting a career in these trade jobs involves becoming an employee to learn the trade, then transitioning to an owner-operator to maximize earnings. Each trade offers unique challenges and benefits, with substantial income potential through ownership and scaling. Resources like HubSpot's interview kit can aid in job acquisition.

Summary & Key Takeaways

• The video explores high-paying, lesser-known trade jobs like septic truck operators, basement waterproofing technicians, and diesel mechanics, detailing their income potential and business opportunities.

• Each trade job offers a unique set of challenges and benefits, with the potential for substantial earnings through ownership and scaling of the business.

• The video emphasizes the importance of starting as an employee, learning the trade, and eventually owning a business to maximize earnings and growth potential.