Hi and Welcome,
In this article I will look at how to become a freight broker without any experience. You might have some idea of what a freight broker does, but never really thought much about it.
Many people desire the opportunity to work from home and this is one little known opportunity that can and does pay off big time.
All through the “pandemic” trucks were still carrying freight, and freight brokers and freight agents were still making money. So…
Table of Contents
- 1 How to Become a Freight Broker Without any Experience
- 1.1 A little About Me
- 1.2 What is a Freight Agent and What do they Do?
- 1.3 What is a Freight Broker and What do they do?.
- 1.4 What does a Freight Broker need to Know.
- 1.5 Without Paying Hundreds or even Thousands of Dollars.
- 1.6 The Cost of Freight Broker Boot Camp
- 1.7 The Value of Freight Broker Boot Camp.
- 1.8 Other Questions on becoming a Freight Broker or Freight Agent.
How to Become a Freight Broker Without any Experience
Obviously this is not for everyone, but if you enjoy talking to people and have a knack for being a good organizer then you really should consider this.
The average freight broker makes over $70,000 a year. If you’ve been struggling to make ends meet in your current job or want to start your own part / full time business working from home, without becoming involved in MLM or some other low income work from home scheme, this just might be the perfect opportunity for you.
Freight brokers are in high demand right now, but in this $70 Billion Dollar a year global business, training to become one, can not only be expensive but also slow to have you out in the field making money.
Maybe ? You are a supply company and you’re sick of spending too much on shipping costs (and who isn’t?), then you should learn more about becoming a freight broker yourself.
A little About Me
First a little about me. Many of the pages of thebarefootaffiliate are dedicated to Small biz, Work From Home Resources and Entrepreneurship, online or offline.
The difference with me is, my recommendations require a some effort to become an income stream. I am not talking years, but some effort. I don’t do overnight riches.
So onto the topic…
What is a Freight Agent and What do they Do?
Freight Broker and Freight Agent are common terms in the logistics industry, and although sounding like they provide the same service there are differences.
The biggest difference is, a freight agent is typically an individual who acts as an independent contractor or salesperson for a freight broker.
They are responsible for sales and matching carriers with customer needs. Many freight agents work from home, under the direction and authority of a licensed freight broker.
A freight agent has little or no liability, yet still, they are able to earn a significant income based upon the profit their customers generate.
They also interact with both shipping customers and motor carriers in an effort to ensure their customers’ freight is picked up and delivered on time, in good condition and with no problems.
Most of a freight agent’s day consists of soliciting new customers, providing freight rates, sourcing carriers, negotiating with shippers/carriers, dispatching trucks, scheduling pickup / deliveries and solving problems that could potentially delay or damage a shipment.
In a nut shell…
- Finding shippers
- Rating shipments
- Sourcing carriers
- Dispatching drivers
- Making sure the freight gets delivered on-time
- Freight agents are typically independent contractors and can earn between 50-70% of the gross profit on each load !
In other words if you are a freight agent you can be busy and (importantly), make really good money. To do this only requires you to understand the process and put what you have learnt into practice.
This need not be years though, with some effort and dedication you can establish a good foundation to earn you a good income within a two or three months, often times less.
It is also very popular with people new to the industry, who do not want to be concerned with the back office administrative work such as:
- being responsible for credit
- Paying carriers
- Collections and / or bad debt / collections as well as not having to worry about
- liability, paying for bonds or licenses.
With the right tools and attitude, anyone with the right freight agent training can become successful within the transportation industry. You will see how a little further down.
What is a Freight Broker and What do they do?.
A Freight Broker is licensed by the FMCSA (Federal Motor Carrier Safety Administration) as a “property broker” but more commonly known as a freight broker.
Their job in its simplest form is to help shippers manage and move freight from point A to point B.
Freight brokers also specialize in various types of freight, such as equipment hauling on lowboys, oversize loads, bulk tankers, auto, and many other types of freight transportation.
However it is important to not confuse a Freight Broker with a Motor Car Carrier.
A freight broker does not actually move the freight themselves, but simply outsources the transport of goods to motor carriers both large and small, including owner operators.
Freight broker professionals are in high demand, and no matter the state of the economy, a motivated freight broker, who has received the proper training, definitely has a six figure earning potential and way more.
Some responsibilities include.
- Marketing to attract new leads and prospects to develop sales
- Locating and selecting freight service carriers that are safe and efficient that meet FMCSA requirements.
- Quoting shipping estimates for customers
- Scheduling orders with carriers
- Recording relevant activities to keep track of business
- Keeping customers up to date on shipping status and assisting with other questions and requests
- Collaborating with carriers, shippers and dispatchers to conduct collections and drop-offs
- Preparing carriers for loads
- Negotiating pricing and contracts with carriers
In addition to managing a shippers freight, Freight Brokers are also responsible for.
- Assessing shipper credit
- Invoicing shippers
- Paying motor carriers
- Bad debt
- Freight claims
There is also a lot of responsibility managing the chain of steps from shipper to receiver, to make the transaction as painless as possible for the receiver and secure for the shipper.
These days (luckily?), there is software to help manage the process, and many freight brokers manage their business working from home.
What does a Freight Broker need to Know.
A competent professional needs to keep up with the various transport industry trends.
Having a good understanding of the transport industry will give you a head start in developing the necessary skills to become a sought after freight broker.
For the inexperienced this need not be a problem, as all you need to know is included the training offered by an experienced freight broker, who started his business working from home and within a few short years, had built it up to an $80million dollar a year business.
Getting the right training will get you up to speed, without spending 20 years driving a forklift in a warehouse, or down dead end roads and other time and money wasting activities while trying to get a handle on how things work in the logistics industry.
And this can all be accomplished in as little as a few weeks.
It is not uncommon for many freight brokers (and freight agents), to start without any prior experience in the Logistics Industry.
Most States, and some organizations have some sort of Freight Broker Training courses available. The cost of these varies, and can run into the thousands, when you start involving travel and paying for accommodation, while you do elements of the course.
There are other alternatives, partly due to Covid19, which has seen an explosion of online courses ( online courses have been around for ages), you are able to take complete Freight Broker / Agent courses from the comfort of your home.
The course will generally include PDF manuals, Video and links to other relevant information to get you set up to legally perform this work.
Freight brokers are the lifeblood of logistics, and every industry needs them.
For those thinking about an online course Udemy is a popular site for study courses that can be done at home. I think there are better options than Udemy though.
A quick search of Google will also give numerous sites where you can compare pricing, time required to do the course and some that offer job placement and subsidized payment schedules.
If you want to make a good living as a freight broker, then it’s important that you learn the right skills and strategies for success…
The cost of online courses are usually set as a cost per module. So, you do one module, then pay a bit more and do another module. This can be slow and expensive. There is another way…
Without Paying Hundreds or even Thousands of Dollars.
The cost to become a freight broker is a stumbling block for many people, but for less than $200.00 you can be taught by a guy who started his business in 2003, building it into a $80 million dollar a year business.
He now runs a Freight Broker Boot Camp.
The Freight broker boot camp is run by Dennis Brown who has taught over 6,000 students during the past 10 years.
The Cost of Freight Broker Boot Camp
Gold membership is for 1 year and is only $185. Platinum lifetime membership is one time investment of $389. These are a one time investments, NOT a monthly payment.
The obvious question asked by many people considering this course is what value will they get from this freight broker training, because the cost of the course is way less expensive than other Freight Broker courses.
The short answer is to check out this link and compare it with what is included in the link above. Plus add in $2000 worth of bonus’s and I think you will agree it is way better value.
In Dennis’s own words ” The Boot Camp training is much cheaper because #1 it is an online training where you operate at your own pace versus a classroom training lead by a live instructor. #2. I have been fortunate in my life with several successful business ventures and I don’t need to charge you $1,000-$5,000″.
There is great support available to boot camp students which includes an online administration support desk, and if your question cannot be answered online, arrangements will be made to contact you by phone !
The training in the Boot Camp includes access to all the forms and contracts you will need to become a freight broker or freight agent.
No stone has been left unturned to get you up to speed and making money.
Check out some of the written testimonials about Dennis Browns training.
The Value of Freight Broker Boot Camp.
Slightly dearer than a quality pair of sunglasses, (or two pair if you are going for the lifetime membership).
- The Freight Broker Boot Camp has been designed to get you started and running your own business in 30 – 45 days.
- Even while you are still going through the training you can be making money.
- The lessons are concise and contain all the necessary Step by Step details that are a must to launch your start up as a freight broker or freight agent.
Although designed as a course to start your own freight broker business ( either full or part time), there are other options. If you think you would be happier as a freight agent, the Freight Broker Boot Camp will share with you the easiest and best ways of finding a good freight broker to work with.
Other Questions on becoming a Freight Broker or Freight Agent.
Other questions posed by people serious about becoming involved as a freight broker or freight agent include many from Truckers, who want to take the next step and grow their business.
Also included are questions about the bond requirements for those wanting to becoming a freight broker.
A freight agent does not need to pay a bond.
Dennis answers it more comprehensively in the Boot Camp training, but a quick answer found in the FAQ’s is…
“The cost of a freight broker surety bond can vary from 1-4% for people with average to excellent credit. If you have below average credit it does not mean you can’t get your bond, it just means it could cost you more until you build up a good history with the bonding company.”
You will be provided with information on the top Freight Broker Surety Bond companies as a part of your training
The Freight Broker Boot Camp is a no nonsense course made for those serious about wanting to work on their own behalf and being their own boss.
Nothing is held back and you have full ongoing support. Plus there is a 60 day 100% money back guarantee if you are for any reason not satisfied.