Jumpstart Your Box Truck Business and Make Money Now
Box trucks are versatile making them a fantastic example of a cash cow. If you own a truck and are looking for ways to start a new business venture, you should consider the box truck business, a profitable type of business in the trucking industry. Straight trucks or box trucks boast cargo areas from 10 to 26 feet in length. The smaller size enables these trucks to be used for smaller loads and for time-sensitive or local deliveries. According to smallbusiness.chron.com, the trucking industry is expected to grow 21 percent through 2023.
Launching and Managing the Box Truck Business
Do you know the proper steps to starting a box truck business? Consider the startup costs and learn the ins and outs of the business. Perhaps you have done your research, and you’re ready to manage your business appropriately, then the box truck business can be a lucrative, successful business venture. You can partner with a company or work on available trucking jobs that various industries offer for minimal risk.
Once you have set up your box truck business correctly and secured the necessary business licenses and requirements with your state’s business registrar, then you can consider the many box truck options and launch your business. The need to move things is always there, so be creative and open-minded in your search.
Here are just a few examples of how you can get started.
- Parcel delivery services
- Moving services (ensure you have checked moving guidelines)
- Junk removal
- Hauling services
- Independent contractor
You can increase stability and face less risk if you work as an independent contractor, which is similar to the experience of owning a business.
Positive examples of box truck business successes are everywhere. Check out this excellent example of a Commercial Fleet Financing customer who just bought his first box truck in April 2021 and is now buying his second truck. His YouTube video has more than 370,000 views! You can see how he made $5,000 in his first week with a box truck.
Start Your Business with a Long-Term Lease
Maybe you don’t own a truck, but you’re interested in leasing one, and you are committed to leasing over an extended period of time, which is a less expensive option. By leasing, you don’t put any cash up front as you would by purchasing a truck with a down payment. You then have a stable cash flow to start your business and begin paying off your truck lease.
Commercial Fleet Financing can assist you with your box truck loan or lease and provide several finance options, as well as zero-down opportunities, for your next box truck.
If you are looking to finance a truck, it’s best to prepare your business documents and ensure your credit rating reaches at least 650 to secure a good agreement. A higher credit score will determine a better rate and lower monthly payments.
Marketing your business is a crucial element to achieving success. A good way is to target your market and advertise aggressively at a manageable cost. Targeted marketing channels the right prospects, so you don’t waste advertising dollars on those who are not interested in your business. Online trucking websites, such as uShip.com, help you get noticed by small businesses that seek shipping and delivery services.
Jump online and look for smaller manufacturers in your area that don’t have their truck fleets. New businesses may require someone who can help move and transport products. Your business can expand with small companies looking to grow locally, regionally, and even nationally.
Another great way to market your business is via online marketing using social media. You can spread the word fast and get more immediate attention. Other methods include advertising with local media and direct-mail programs.
Bright Lights, Big Trucks, Bigger Pay
In a world masked by a pandemic and economic downturn, we could all use some good news. The truck driving industry is heavily focused on recruiting qualified truck drivers and retaining these drivers. Several factors resulted in a decrease in truck drivers:
- Low driver school graduation rates
- Drivers retiring early
- More than 75,000 violations recorded by a drug and alcohol clearinghouse
- Winter weather conditions
This spring and summer have seen an increase in truck driver applications. Historic pay increases are making the market more attractive for qualified drivers. In June 2021, United Petroleum Transports announced its most significant pay raise for company drivers across all mileage brackets and pay structures to retain drivers and reward company loyalty.
About Commercial Fleet Financing, Inc.:
At Commercial Fleet Financing (CFF), our pros have given smart advice to fleet owners and owner-operators in the transportation, moving, towing or construction industries for more than two decades. With CFF, finding the right financing solutions is a phone call away and most borrowers secure commercial vehicle financing with ease. To talk directly with one of our finance pros and get started with credit approval in as little as two hours, CFF’s phone number is (469) 281-2962.
Get in touch to learn more!
Do you want to book the highest paying truckloads and stop focusing only on the loads that pay quickly? Factoring your freight bills can help you with your cash flow so that you can book more loads and get paid the same day.
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