The Freight Broker Book: A 21st Century Training Guide to Running a Successful Freight Brokerage Business Startup From Scratch

by Forrest Rhodes

Overview

Are you interested in working from home by starting a profitable freight brokerage business? Do you want a done-for-you guide from start to finish that brings you closer to your dream of becoming a successful freight broker? If this is you, then read on...

In today's world, the freight brokerage industry is growing continuously and it is very rewarding to become a freight broker if you build upon the right foundation. For instance, a freight broker can profit anywhere between 10% and 35% per any shipment they handle. Starting out at first could fetch you around $100 to $500 per shipment. Upon building professional networks and having some solid experience to go with it, you could earn as much as $5,175 for every shipment. Multiplying this value with the number of shipments handled per day can be astonishing!

However, the reason most new freight brokers fail to succeed is that they lack proper knowledge and understanding of the business and what they hope to achieve. Before commencing a new freight brokerage business, you have to take into account several factors, one of which is getting educated. This is likely the most critical factor to consider when starting your brokerage business. The key to success is knowledge and to be successful, you must be well-informed about the freight moving industry. Asides from knowledge, you must be ready to build your network of shippers and carriers, as well as being ready to take on any financial obligations of the business, and several others

The reason why I have written this book, The Freight Broker Book, is to demystify the complexities you will face as a new freight broker and to educate you on the ins and out of how to run a successful freight brokerage business from start to finish.

Below is a snippet of what you will learn;

How to get the right training and experience to aid your journey to become a freight broker.

Choosing the right legal framework for your business.

How to develop a solid business plan that attracts investors and for easy access to loans.

Finding carriers and shippers for your business.

The essential paperwork and documentation to maintain and key points to note while at it such as carrier-broker agreement, bill of lading, load confirmation, rate agreement, etc.

Fulfilling the legal requirements to function as a freight broker such as your operating authority, processing agents, surety bond or trust fund, etc.

How to narrow down your target market audience for the best possible results in your business.

How to operate your business smoothly and get it going as well as handling problems you will encounter.

And a whole lot more!

This book, written in an easy-to-understand style with little to no technical jargon is a must-have for every freight broker, especially if you are justing starting out.

So, what more are you waiting for?

To get started in running a profitable freight brokerage business from the comfort of your home, simply get a copy of this book RIGHT NOW

Product Details

ISBN-13:	9781952597947
Publisher:	C.U Publishing LLC
Publication date:	05/31/2021
Pages:	100
Sales rank:	325,516
Product dimensions:	6.00(w) x 9.00(h) x 0.21(d)

Table of Contents

Table of Contents

Introduction

Chapter 1

Basics of The Freight Brokerage Industry

Who Is a Freight Broker?

History of Freight Brokering

Future Projections

Benefits of Being a Freight Broker

Chapter 2

Becoming A Freight Broker

Roles And Responsibilities of Freight Brokers

Basic Traits of a Freight Broker

Work Routine of a Freight Broker

Training and Experience

On The Job Training

Gain Industry Insights

Take A Freight Broker Class (Online Vs. On-location)

Choosing The Right Training Program

Recommended Training Programs

Chapter 3

Freight Brokerage Business Startup

Choose The Right Legal Structure

Limited Liability Corporation (LLC)

Partnership

Sole Proprietorship

Corporation (S or C)

Location of Your Business

Choose a Business Name and Register Your Business

Develop a Business Plan

Find Your Carriers

Cold Calling

Develop Personal Relationships

Leads With Day-Day Products

Using The Internet

Take Note of Other Methods of Transportation

Income & Pricing Strategy

Chapter 4

Getting the Required Paperwork

Carrier/Broker Agreement

Confirmation of Load and Agreement of Rate

Bill of Lading

Labor Receipt for Contractor

Invoicing

Contract of Carriage

Managing Your Records

Chapter 5

Legal Requirement For Freight Brokers

Obtain Your Operating Authority

Get Your Processing Agents

Get Your Surety Bond or Trust Fund

Get Your Unified Carrier Registration

Obtain an Insurance Coverage

Chapter 6

Running of Business Operations

Initial Setup Expenses

Secure Your Initial Operation Capital

Essential Equipment

Hiring Employees

Chapter 7

Establishing Your Market Audience

Niching Down Your Target Market

Benefits of Niche Marketing

Choosing Your Niche

Niche Types For Freight Brokers

Finding Your Shipping Customers

Attracting Customers - What To Do

Chapter 8

Running Your Freight Brokerage Effectively

Handling Common Freight Brokerage Issues

Going Digital With Freight Broker Software

Conclusion

References