How to Become a Freight Broker With No ExperienceService Businesses
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You’ve probably heard how high a freight broker salary can be, and so you’re looking for some good training so you can start earning those 6- or even 7-figure commissions.
Yes, brokers can make that much money, working from home!
OK, hold up. What exactly is a freight broker? Let me tell you.
What Is a Freight Broker?
Freight brokers help shippers that need to move freight from point A to point B by finding a carrier (trucking company) that will haul the freight for slightly less than the shipper is willing to pay them…thus the term BROKER!
In other words freight brokers, sometimes referred to as load brokers, truck brokers, or transportation brokers, are all middle men that match available shipper freight with available trucks.
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How Much Do Freight Brokers Make?
Brokers earn between 10% and 35% profit per shipment they broker, which translates to approximately $100 to $500 per shipment.
However, I know some freight brokers who have earned as much as $5,175 per shipment…just for finding a truck to haul his customer’s freight!
And remember, as a broker you might be doing 5-10 shipments per day.
Those commissions really add up!
The industry is extremely lucrative and growing fast, so you need to make sure that you get your piece of the pie today.
Why Should I Become a Freight Broker?
Apart from the massive income potential, there are plenty of reasons why you should consider becoming a freight broker.
Here are just a few:
- You don’t need any experience to get started.
- The start-up cost is very low.
- Freight brokering is a $400 billion industry that is growing every year.
- You can work from home!
Logan is a practicing CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.