Why Trucking Businesses Fail Ep.1 (Middlemen)
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- Опубликовано: 27 окт 2019
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Truckers need to think like brokers. Start cold calling these shippers asking for freight just like the brokers do.
Do you need a Brokers license to do that? I'm going to spend the next year researching how to do this so I don't fall flat on my face first time out
chris williams no
Thats what they want but the key is to have insurance that covers freight shipping and merchandise without it companies wont risk dealing with the operator directly
Exactly, what I do is start at your home location. Deal with the known industry and start knocking on some doors. It doesn't matter if you have one truck and trailer. Provide time availability and work with from there
Boy hush u sound like a fool
you are the best teacher on youtube AND on the internet concerning the trucking and transportation industry. Amazing videos, Amazing
Agree
Really helpful and I was thinking the same thing, too.
Running a trucking business is hard but very rewarding if you operate it professionally by the books! If you start taking shortcuts it will cost you and put you out of business
Young Buck You’re Smart as Hell. Ole school. Got into the Game late as Hell but In it to Win It . Trying to to be an O/O in my Second Year!
It's the same for me OG, and this young man is showing the very important 1st steps of the business. I'm too old to be making disastrous and costly mistakes
I love this guy's low key vibe
Quit being soft.
Thanks for your videos. I'm learning a lot. Keep it up. I appreciate you.
David, you are the BEST THING that I have stumbled up on. Keep educating those who want to succeed.
Don’t forget to add factoring company in!!
You said what needed to be said!!! I enjoy your videos keep up the great work!!
Luv visuals. Keep them coming bro.
Thank you for making these videos. My husband and I have recently started a trucking business. We know that we can expand very quickly, but I have learned that slow and steady wins that race. I want to make videos to share my experience, because I am quickly learning that our experience is perceived to be easy, and It was NOT! You break it down and take some of the guess work out of it. Appreciate you.
can i talk with you email me Ritawilliams1151119@gmail.com
My husband and I are in the process of starting a trucking business now. Please share your knowledge and wisdom. I would be ever grateful. PLEASE
Please share
Still resourceful 4yrs later, thanks bro!
Yup! You can add factoring companies as middlemen, too!
Keep em coming man! Love the videos!
Your information in the videos is very clear and concise, Keep up the great work.
Thank you for this informational video. You broke it down just right. I'm a driver thinking getting my own truck, so I am researching the business 1st. Keep those videos coming 👌
Yes! Finally someone spoke about it once and for all! All those people talking about how many thousands they made but the truth is not every situation is the same! Very nice of you to speak about it brotha!
Dear David, Thanks for explaining these middle man. what an eye opening how these middle men taking a bite of your profit.
Thanks for putting this illustration together. I really enjoyed it. appreciate your time. David, you must be a very nice person to dedicate your own time and sharing your experience with everyone here. my gratitude and appreciation to you. Mat.
I really enjoy your videos they're very clear and honest and I wish I had happened upon them before I leased my truck. Thank you
Great info my good brother.please keep up the great job
Mr. McGill, I appreciate your channel and the excellent content you provide. Today’s “Middlemen” video was insightful.
Thank you for sharing your insight. Your video was the first one I clicked on, and i'm now glued to your channel.
I just learned something new. Thank you! Keep it up
Great info and thanks for getting right to the point
Great video looking forward to the series
This was very helpful information. Thank you!
Thank you for sharing the valuable information.
Dope knowledge bro & well put together !!!!!
Awesome video explains a ton. Waiting for part 2
Your videos are very helpful plain and simple. Iam in the beginning, gathering information. I've been a driving 9 yrs. Thanks 😊
Thank You Mr. McGill for sharing this valuable information
You’re great at breaking it down and making it easy to understand than most trucking youtubers
Great Stuff Mann.. Very Much So informative..
everything you explained is right but please let everyone know that they do not bring home that full amount you have to put in the fuel cost and insurance
Most definitely!
I appreciate this a lot its really helpful and informative
Love your content, subscribed!
Hey man, just want to say you're a good guy, keep up the good work!
Great video, excellent explaining of the basic process.
You started out the video perfectly! Trucking isn't as easy as people think!
Amazon has the best deal right now . If you can get with an approve carrier and look pass the broker fee . You can easily take home 2500 - to 3800 a week after expenses. Amazon a covers a fuel surcharge and tolls included on a flat rate. Drop and hook light on the trailer less headaches.
Erik Rodriguez check companies In the tri state region. Like cornerstone logistics , jrc, gi joe
Free knowledge! Thank you sir! 👌👌👌
I appreciate you simplifying what explaining.
Thanks I needed this.
Thank God for people like you. God Bless!!!!!!!!!!!!!!
This was the best breakdown I have seen thus far! Just subscribed!
Great information 👍🏾 more videos like this needed!....
I enjoy your lesssons brother!!
Wawww that’s good class,and you are great to make clear how truck businesses are running.
Thanks bro 💯
Man you are a teacher on this, love it..thanks I’m learning a lot from you.
Congratulations. This all information correct 👏🏼
That's a decent breakdown of all this stuff, but say ypu own the truck you must also factor in fuel, ifta, insurance, maintenance, and tires. After years of running, tires cost a half cent per mile per tire, and maintenance approximately 15 cpm if you diy. Also fuel is 50 cpm. Truth is, yoy wont make money hiring drivers or any middleman until you hace 2 trucks and direct shippers
U nailed it brother. 👏
Awesome video! Not to mention if someone did not have direct access to the customer, other cost to rune that truck.....Fuel, being a big one! Thanks again. You have opened my eyes for what I'm trying to do next year. And, I love the way you place the examples on the chart. Very Real.
Bro your one of the best I’ve been watching and so easy to understand. Keep making videos. Your helping me stay in business and I haven’t even started yet. Let’s jus say your my walk up call. Let’s go get it thank God for you (DM)
Another great video. Thanks again.
Thank u so much for this information
Great information thank you!
Brother, I love how you bring unfiltered, practical insights for getting started in this field.
Much luck and blessings to ya!
Great video I’m a o/o with o/a mostly use load boards just looking to utilize customers directly more
Good jewels brother,thank you!
This was very helpful.
Thanks for the breakdown
I just had realized why I went out of business a few years ago 🤔
Good looking out
Great video Boss keep telling the truth.
Dear bro its clear and usefull Information keep it up!!
you are so very helpful man thank you so much brother.
Thank you informational !!
Good explanation Sir, and delivered well.
Great way of breaking that down,Man !! 🤜🤛👍
as always good information. but there is another option where you can lease your truck to company who have a contract with shipper.
Great info, I learned a lot..
Thanks for the great video, I wished you touched on a solution for the middleman like tips on having direct customer relationships and finding them
Good video man
Great job well spoken
Thank u..u made this so simple
You are inspiration, I myself haven't gotten my truck yet due to I want to be efficient with the process. Thanks bro
Sir. You are changing the game completely. Thanks for sharing and being transparent. Good Job Sir. I’ve subscribed , shared and liked this video #knowledgeispower
This was a huge help
Great info. Just to add that most new owners don't the capital or relationship to start ( owner to Customer). Is that a bad thing? No, depending on how you view it.
The idea should be that you learn the business and in most cases you start at the bottom with the understanding of creating a network along the way if operating under someone's authority.
As time goes by and you're learning the business and even as a lease operator you are paying off your truck, establishing relationship's and collecting phone numbers, addresses of the customers. ( Remember, all truckers have to start somewhere) and who is the guy directly in front of the shipper? ( You are) when you're checking in or signing out. Get information and store it for when the time comes that you have eliminated the middlemen along the way. You have to think progressively when being a trucker. This business is not a Sprint, it's a marathon.
Drake said it best ( started from the bottom now we here).
Cheyenne, this is just what I (wife, Cecelia) needed to read! It just clicked! It makes soooo much sense!!!! My husband has his own truck paid off, he's looking into owner operator. I'm trying to become the middle man, and I'm trying to learn the ropes.
Can't wait for the detailed course
Thank you and great info.
Thanks bro.
The owner operator in the first case owner operator dealing with the shipper is not the best way to make money. He/she is limited to driving by the 14 hour rule. The person closer to the bottom although making less on 1 truck can have 10 trucks going at the same time. A self-employed truck driver has its's limitations, where a business owner carrier can have trucks running most of the time. Just depends on what type of trucking business you want to have. Its just like a person with a single store vs a franchise. The single store is limited by 24 hours in a day vs multiple locations (franchise) making less per store but more stores.
Typically when you lease on to a company, they charge you 10-12 % which includes dispatching and factoring. Some companies allow you to book your own load under their authority for 5-7 %. Also, some people confuse lease on and leasing. Leased on - you running under their authority. Leasing - you rent their truck.
I would say if you’re very disciplined, know art of persuasion and have good sales techniques and risks mitigations, then being o/o and run your own authority would fit you. But if you’re company driver who wants to make more money as o/o, leasing on to a good company is a good option too.
Good luck!
Ayye thanks I’m new to Owner opp this helpede change a few things
Great advice
That was a gold break down👏🏿👏🏿👏🏿👍🏿🔥🙏🏿
Video was on point
Very helpful, thanks
Very good instructions
Thanks bro
Great info!
Some in correct info in your last variables. Leasing on you would not have dispatcher fees, or brokers that comes out of the total lease on percentage. Furthermore in the original calculations leasing on your would not have freight insurance covered by lease companies as well. Other then that some good info for newbies to have a starting point. O/O here 12yr 16trks. Thanks for putting info up for people that need a place to start.
Left out also your percentage used for leasing on is very low. Most lease numbers run about 22-25 percent industry wide. Not the 10 percent you used.
Thank you for being so informative on your videos. I’m interested in starting a trucking business. However, I still work a regular job. Is the trucking business one you would say requires total dedication all the time or are there different positions in which I can still work my regular job?
Amazing video brother, TALENTED
What an eye opener👀👀👀
Great video thanks.
Well said bro
You da man bro 👊🏿