I'm company myself IV been looking into more aggressively investing my Roth than buying a truck . You think you'd get more time off as a company cat than running your own mc numbers? Id think so
How to become a successful O/O.....
Discussion in 'Ask An Owner Operator' started by 389Trucker, Oct 22, 2019.
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It is rare that I work more time that I take of, Even when I had truck and trailer payments,I would take a month at a time at least 3 times a year off.
shatteredsquare Thanks this. -
Just some train of thought and some questions.
The brokerage industry is what ultimately helps or ruins owner operators. Shippers sending out 10, 50, or 200 loads a day aren't going to work with an owner operator on a case by case basis, so they contract with a broker to disperse all of the loads for them. It's beneficial to get to know who these brokers are that work directly with the shippers and develop positive working relationships with them. Because for every reputable broker, there's 20 brokerages just brokering their loads and random loads on load boards. So instead of one brokerage taking the tops of the sugar beats, you got two, or even more doing that to you. Some things that I've read or heard is that if a brokerage puts you on hold to see if the "shipper" still has the load available, just hang up. If they are the real broker for this shipper and the load, they would know without having to call somebody, like the real brokerage brokering this load.
And these real reputable brokers typically won't work with a fresh MC to begin with. Some require you to have run your own authority for six months, a year, or more. And for these reasons alone, new owner operators need to be prepared that aren't going to get the best rates for at least the first year they're in business. They're going to have to take loads from these double, triple, quadruple brokers, until they get the time in to know who the real brokerages are and to gain their business.
This is personally why I would feel better off buying my own truck and trailer and leasing on to LandStar or Mercer. I'm not saying that the rates would be better than taking those chances running my own authority, but I would just feel in a better place for comfort and security knowing I have a supportive cast around me my first year or two.
The question I have, is whether or not working leasing on to LandStar or Mercer counts towards those experience requirements that some of the more reputable brokerages have in order to get loads from them.
Also, has anybody had experience or knows somebody who successfully started their own brokerage while also driving a truck? I feel like if I knew this shipper very well and know they typically send out 10 truck loads a day, I could start a brokerage and work out a deal with them where I will fulfill one load and broker the rest out, securing a direct shipper contract. -
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With the knowledge you’ve shown on this thread; I think the chances of you finding a customer willing to use you as a broker are quite low.
Most of what you said above has limited factual realities, plenty of lunch counter talk and dreams. That’s where plans start.
Make a plan, then go make it happen. See the goal, and find the way to achieve the goal- the plan will change constantly on how, the goal is what’s important.86scotty Thanks this. -
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