How To Make A Profit In The Auto Transport Industry Within Your First Week
|Date Added: January 09, 2017 10:55:50 PM|
|In today’s society people have been pushing more and more to work from home, work less hours, and work for themselves. It is common knowledge that working for yourself can bring you much stress, but it also can have suburb rewards. One industry, in particular, is easy to start a business and easy to already be profiting within one week of opening. That industry is called the car shipping company brokerage industry.|
The auto transport industry has two sides to it, a broker side and a hauling side. The hauling side has much more start-up costs versus the brokerage side. The first objectives that must be handled is registering your business name, signing up with the US DOT and FMCSA and taking out a surety bond. It will take a few weeks to complete the paperwork, get a surety bond, be verified and be approved by the US DOT AND FMCSA, but once that happens the money can start flowing in immediately. We want to show you how to do it.
The next objectives that needs to be completed is to sign up for jTracker and Central Dispatch. Both companies are owned by DealerTrack and are the largest websites within the auto transport industry. The jTracker website is basically an account manager website for brokers. Central Dispatch is a national load board website where a broker will post cars they need to be transported and the haulers will call you if they want to take a particular vehicle you have posted.
The next objective is to find yourself an auto transport lead generation website to buy real time leads from. A website such as Auto Transport Quote Services is a company that you can buy auto transport leads from on a month to month basis. When you get signed up with a lead provider you can start receiving leads that same day.
Many people ask the question, “how much does it cost to ship a car?”. This is where the newly formed brokerage has just as much potential as their competitors. When a fresh lead comes in, simply cross check it on Central Dispatch with the other vehicles moving in the same direction to find a price to quote the customer and the brokerage markup is usually $100 - $200 per vehicle. It can honestly be that simple.
Let’s put some math together with start-up costs and a company’s first week. Registering yourself as a business can be as cheap as $50 per year, depending on where you live. Signing up for a surety bond will cost $333 per month or $995 quarterly. Then signing up for jTracker and Central Dispatch with run you $80 + $200. Buying 500 leads from a lead generation website will run your anywhere from $500 - $1125 per month. When you add up minimal pricing the start-up cost is only $1,163. When you think about making $100 - $200 per deal you’re able to book per customer, that equates to you needing to book only 6-10 deals to break even and start profiting.
If you are looking to start up your own business, the auto transport industry has its upside. What other business can someone open and start making a profit in one week?