How do newbies get any business

Countryliving · Oct 28, 2015

Seventy7 said: ↑

I'm probably beating a dead horse here and I hope this doesn't jack the thread but how do you even get started? I know you have to take a course or something. Can anyone put a up a link or give a suggestion? So much BS comes up just googling it, I'd like to know from people who actually..know!
Click to expand...

Seventy7 - to become a freight broker, you don't have to have a course, but you do have to have $75,000 bond or trust to satisfy the FMCSA's regulations for brokers. You should have some form of contingent cargo. The fee for your broker authority from the FMCSA is $300 and you can do that online. The bond and the authority are the only 2 requirements. Then the hard work begins...finding shippers and carriers.

GoldOlive · Nov 16, 2017

Skate-Board said: ↑

Brokers going out of business is the greatest scam on the market for someone wanting to retire to Belize. If you have an Internet Truckstop account look at all the recent brokers that went south owing truckers money. Here is just a short recent list. The biggest one I've seen so far was $784,000

$237,000
$48,000
$343,000
$295,000
$264,000
$99,000

If your a successful broker and have a big account like Nucor Steel you can rack up some serious cash before anyone realizes your not paying. It takes about 2 months before the cats out of the bag. I'm friends with a broker for Nucor and talked to him about this. He gets paid pretty quick from Nucor and moves about 10 loads per day 7 days a week out of Huger, SC.

We ran the number once and this is what he could get away with with an average load bringing in $2,000

10 loads a day at an average of $2,000 is $20,000 for 60 days is $1,200,000. (That's 1.2 million dollars!)
Click to expand...

Is this still valid in 2017 dear, to your knowledge?? Thank You....

GoldOlive · Nov 16, 2017

G/MAN said: ↑

It can be difficult for a new broker. We don't do business with new brokers due to the potential payment issue. I only have a few brokers with whom I currently do business. I greatly reduced the number when the economy crashed in 2008. On a very few occasions, I have done business with a new broker, but only if I can get paid with a comcheck or other guaranteed payment before the truck is unloaded. If you have the cash, you could pay carriers when they deliver the load until you build a relationship with them. If you don't have sufficient cash flow to do that, you could find a factor that will finance your receivables until you build up your reserves. It is just going to take time to build your business. I have been fortunate to have not lost much to bad receivables, but I am careful to whom I extend credit and do credit checks on anyone prior to extending terms. I also do periodic checks to make sure nothing has changed. I think the primary reason many get hit with bad debt is that they don't bother to check credit. I wish you well. Be patient. Keep track of those with whom you do business and use them for references to new carriers. You could offer quick pay with no discounts to encourage carriers to do business with you.
Click to expand...

What is the website you use to check the credit of companies dear?? Thank u

Log in or Sign up

Forums

Find Trucking Jobs

How do newbies get any business

Countryliving Bobtail Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

GoldOlive Bobtail Member

GoldOlive Bobtail Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Log in or Sign up

Useful Searches

Find Trucking Jobs

How do newbies get any business

Countryliving Bobtail Member

Wait, employers can't reach you!

GoldOlive Bobtail Member

GoldOlive Bobtail Member

Wait, employers can't reach you!