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How to Start a Freight Broker Business ($691K a year)

There is a MASSIVE NEED for a Freight Broker because Transportation makes the world go round Trucking is an industry that is not going away. People need stuff now and it is delivered in a truck. Freight Brokers make money on the margin of the shipping cost vs. the trucking company. They usually make 10%-15% per load. Example: if a load is $1,000. The freight broker makes 12%, $120. How much does it Cost: Freight Broker Bond: $2,000 Computer: $1,000 Phone: $500 Insurance: $2,500 Factoring Float: $20,000 START UP COST: $27,000 HOW MUCH CAN WE MAKE/CASHFLOW Loads per day (5 days): 10-15 = Average 12 Loads per day Average Margin: 12% Average Load Cost: $2,000 Total Daily: $2,000 * .12 = $240 * 12 loads = $2,880 a day $2,880 * 5 Days = $14,400 a week $14,400 a week * 4 weeks = $57,600 a month $57,600 * 12 months = $691,200 a year! CASHFLOW: $57,600 a month in revenue $15,000 in salary (3 people making $60,000 a year) $2,000 in all other expenses $40,600 in profit Yearly: $487,200 profit! Positives of this business: Always needed Profitable Negatives: Transportation has ups and downs Training Think of ways it will fail: SALES: Getting Shippers and Truckers Quality: Getting truckers to pick up loads. Employees: Having a great staff. Legal Up LLC Insurance Commit to Starting #freightbroker #trucking #transportation #transport #trucking #truckdriver #businessideas #passiveincome

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