In this post I discuss how to become a freight broker with no experience, and potentially earn a six figure income by matching shipping containers to freight from your home office.
While it takes time to learn the ropes and get established, some freight brokers earn hundreds of thousands a year from the comfort of their home based office. It’s a seriously lucrative industry to get into, and the best part is that no prior experience is required.
What’s more, the setup costs are low, you don’t need any employees and there are few regulatory hoops to jump through. In fact, all you need is a phone, a computer with an internet connection and a fax machine and you can earn some serious commission.
If you want to know how to become a freight broker, read on…
What does a freight broker do?
Look at all the items in your room or office. Nothing got there by magic. Whether it’s printer paper, your desk or the pictures on the wall, everything had to be moved from where it was manufactured to retail outlets for people to buy them. This is a journey every product has to take. So as you can imagine, the freight industry clocks up some serious figures working out how to get object A to place B.
To keep their profit margins as high as possible, shippers need to find the best carrier offering the best rate. This is where freight brokers come in. The freight broker is essentially a middle man whose job it is to match the shipper’s freight with the best available truck. In exchange for finding shipper’s the best rate that can save them money, freight brokers can commission of 10-35 percent on the cost of the shipment. When you’re matching multiple shippers and carriers per day, this can amount to some serious profit.
The commission you earn all hinges on how much you charge the shipper. So, for example, if you find a carrier costing $2000 and you can match it to a shipper whom you charge $2500 then you can pocket $500 in profit. As you can see, the potential earnings can be huge. In fact, salaries of freight brokers, once established, are estimated to be as high as $175,000-300,000 per year.
How can I learn to become a freight broker?
Before the 1970s the freight brokerage industry was a very closed business. There were a lot of regulatory restrictions on who could operate as a freight broker. But since then these restrictions have been lifted, enabling entrepreneurial types to learn the trade and set themselves up in business in third party logistics. In fact, many of the multimillion dollar freight brokerage companies began life as a lone broker working from home.
Nowadays, literally anyone can get started as a freight broker. But in order to do it successfully you need a lot of know-how and insider information. It’s not something you’ll be able to figure out easily on your own or from reading a few articles on the internet.
There are a number of freight broker schools where you can train to become a freight broker. Some are good, whereas others are not. So it’s wise to do your due diligence and to research a freight broker school thoroughly before you stump up the cash. And that’s where you might be put off pursuing such a home based business, because freight broker schools can be expensive. Many can charge $500 per day, with training often running for a week. This means you may need to spend $2500+ just to find out how to do the job without any guarantee that you’ll be successful once you start up on your own. That also doesn’t include the 1000s of miles you might need to travel and the cost of airfares and accommodation just to attend.
Learn how to become a freight broker from home
Another option is to harness the benefits of the internet and to train how to become a freight broker from home.
Dennis Brown is the CEO of his own third party logistics company and racks up millions in sales every year as a freight broker. But before he was successful, he spent months researching the industry to find out what it would take to become a freight broker. This included spending $10,000 on personal training from a consultant just to learn the ropes.
Brown has now been trading successfully since 2004, and in 2008 had the third fastest growing logistics company in the US. He’s been at the coalface for a long time and knows the industry inside out. He now provides training to help others to join him in the industry and to find out how to become a freight broker successfully.
Learn the trade from someone who has created a multi-million dollar freight haulage business from scratch
To help others to gain the benefits of his insights and training, Brown created an online training program on how to become a freight broker. The course comprises of 45 lessons which teach you everything you need to know on how to build a freight brokerage business from scratch. This includes how to acquire customers, how to apply for the freight broker license, how to find and contact shippers and how to properly dispatch and track freight.
Included in the course are video tutorials, all the forms and agreements you need to get started, ongoing support and he even provides you with your own template for launching a freight brokerage website.
The money saving alternative to attending a freight brokerage school
At $98 Dennis Brown’s freight broker training course is a mere fraction of the time and money you’d have to spend attending a freight brokerage school. And with a 60 day money back guarantee you’re free to try the course to find out if it’s for you. If not, you simply ask for your money back.
There are few work from home business opportunities as potentially lucrative and invigorating as starting a freight broker business. If you enjoy working at a fast paced, have good organisational skills and a willingness to learn, then it could be the perfect home based business opportunity for you. And remember, no prior experience is necessary and the setup costs are low. You just need a computer, telephone, internet and some drive and you could be on your way to earning a six figure salary working from home.
Disclaimer – the link in this article to Dennis Brown’s program is an affiliate link. This means I earn commission if you decide to take his course. But this shouldn’t put you off taking advantage of the opportunity his training program can be for starting your own home based business if you are motivated and want to earn an income based on your own endeavours. Remember, if you’re not happy with the quality of the training, simply ask for your money back.