Archive for April, 2009

How Much Money Can I Make as a Freight Broker?

Here at Freight Brokers, we’ve been answering some frequently asked questions about the industry,so in this post we’ll take another rather important question. “How much money can I expect to make as a freight broker?”

This is one of those questions that will have no set answer, as your individual earnings will depend on your personal abilities and how determined you are to succeed. It stands to reason that the more you focus your energy and are willing to invest in your own success, the more money you will make as a freight broker, or broker’s agent. As a ball park guideline however, you can expect to make from $40,000 to well over $200,000 or more per year as a full-time broker or agent. It’s nice to know that the potential for making money in this industry is virtually unlimited as you grow.

So leading on from that scenario, you may want to know how long it will take for your business to become profitable?

As in every business, it takes some time to build up your business and its customer database. Generally it can take anywhere between 3 to 6 months of focused, disciplined work before you’ll begin to show a substantial profit. But in some cases it can take much less time and sometimes more. However, once you begin attracting and securing customers, you’ll find that they generally have residual shipping, meaning the sale will repeat itself over and over.

So when you want to know the answer to the question, “How much money does a freight broker make?” the answer depends upon your level of success, which as in any business depends on many factors. These include your level of determination, your tenacity and persistence in the face of adversity and your genuine desire to help your customers succeed.

Simply put, if you mean to succeed, you will.

Freight Brokers

Can I Become a Freight Broker Without a Bond and License?

Whilst we’re on the subject of answering frequently asked questions here at Freight Brokers, here is another you may ask in relation to the industry. “Can I become a freight broker without getting a bond and license?”

The short answer is yes. You can simply open a freight agency, or you could become a freight broker agent. This carries little risk and there is no need to obtain your own licensing. In this case, you would actually operate as an agent falling under the umbrella of another broker’s authority. To do this, you would have to split your profits with the broker, but this could be a lucrative business nonetheless.

So what equipment will you need to get started in this business?

Well, if you intend opening a freight brokerage or agency, you will definitely need a computer with high speed internet connection. You’ll also need a fax machine, telephone and a service that provides inexpensive unlimited long distance calls.

If you are going to open a brokerage, it will be in your best interests to obtain a good, up to date transportation software program for your computer. Of course, if you are merely a broker’s agent, you will naturally be able to use your broker’s software system.

Apart from that, there is little else you will need apart from the obvious small stationery items such as pens, paper, a printer for your computer an office diary and anything else that constitutes a home office to enable you to run your business with the minimum of fuss.

Freight Brokers