How To Become An New Broker?!?

If you are going to broker freight you will need broker authority from the feds and will need to post a $75,000 bond. The filing fee is $300. You will also need to find a way to finance your receivables so you can pay those hauling your loads. Most of the larger brokers offer quick pay so owners can receive their money in a couple of days. There are supposed to be some broker schools around, but I don't know about their ethics.

If you want to learn about brokering freight, you might consider going to work for a broker. Some may be willing to train you. Another option is to go to work for one of the big agents for carriers, such as Landstar, Universal or CRST. You learn on their dime. These people are basically brokers who work for a carrier. Some do broker to other carriers. This way, you don't have the high costs and learning curve you will have going it alone and without any experience. Most carriers won't do business with a new broker. Most want to see at least a year of being in business. If you do decide to go it alone, you will need funds to finance your receivables for at least 60-90 days. You might be able to find a factor that will work with you, but some carriers will be cautious doing business with a start up broker.

If you work for another broker for a while, you can build a following with shippers and carriers and that could make the transition easier. The high bond put many brokers out of business. I know some brokers who used to be independent who work as an independent agent for some of the larger broker/carriers as an agent. You don't always need to be out on your own to make good money. Being associated with a major broker or carrier can take off a lot of pressure. You concentrate on selling, booking freight and finding carriers while the company takes care of the paperwork.

Another option you might consider is to set up a dispatch service. That is an easier sell and you don't need to worry about the bond or authority. You also don't need to concern yourself with funding your business to pay carriers.

You will spend a lot of time on the telephone. Brokers are salesmen. They sell the shipper on hauling their freight and then sell the carrier on the rate and load.

 

YouTube. Google.

 

well first you gotta get yourself one of these.....

 

And a gun!!

 

out of all the snakes out there this one may be the least harmful

http://tinyurl.com/mbt4kjd