Freight Broker Training – Home based business
Home based businesses are on the rise thanks to NAFTA. And freight broker training is taking the transportation industry by storm. It is a real home based business and more and more people are cashing in on it. With factories, plants and mills steadily going out of business, people are getting desperate. They are falling for a lot of get rich quick schemes and losing a lot of money in the process. If it sounds too good to be true, it usually is.
The same holds true for freight broker training as well. But be aware, freight brokering is just like everything else, it has to be learned broker freight training
. You couldn’t read without learning the alphabet first, or count without knowing the numbers. And do you remember the first time you tried to drive a car? Well guess what, you can’t broker freight without the proper training either. Sure you can spend thousands of dollars on a weekend training seminar, but that’s all it is, a seminar. Hopefully you will walk away with more than just a basic outline. And of course you can always spend thousands to receive a master broker certificate too, although the reality is, a master broker certificate does not exist in the transportation world! It’s your money, waste it however you want.
But before you do, get the facts. Ask your prospective freight broker training instructor if you can call him/her on the weekend or at midnight if a problem arises that you don’t know how to fix. Ask if he/she will provide continuous counseling or step by step instruction. Do they guarantee or even offer job placement assistance? Have they ever owned a freight brokerage or worked as a freight broker agent, and for how long, if over two years, what was their yearly income? Why did they quit? Better yet, ask for his/her cell phone number! These are legitimate questions that should be asked. If he/she says no to even one of these questions, keep searching. Freight broker training should include the good, the bad, and the ugly because all of it is out there. So you’ve decided to be a freight broker. Perhaps you’ve been in the transportation industry for many years, or you just completed the training to become a Certified Transportation Broker. After waiting what seems to be an eternity (usually 3-4 weeks) to receive your broker’s authority from the Federal Motor Carrier Safety Administration, you are ready to conduct business brokering freight. You get a customer or two, they start sending over freight loads, and you start sourcing and qualifying trucking carriers to haul the loads.
After the initial excitement fades, and the first few loads are done, the process starts all over again. Before long, you are brokering several loads a day without too much mental effort. However, the paperwork is mounting up. You get load documents from your customers, you produce quotes to some of them, you fax out broker contracts all day long, and the carriers fax back signed contracts and rate confirmations. Once loads are completed you are receiving signed bills and invoices from carriers, and sending your own invoices to your customers. When you think about it, you are nothing more than a glorified office clerk shuffling papers around like mad. And what do you do with all the papers you receive? You file them like everyone else. Manila folders, hanging files, file cabinets – you purchase them all. Without them you are drowning in a sea of paperwork.
Besides the paperwork, there is the accounting. Billing your customers is a priority. Paying your carriers is a close second. Bills from all the professionals and the fees required to go into business are mounting. The bills from utilities, taxes, and other services are starting to arrive as well. How will you track everything? Sure there’s a piece of paper associated with every transaction, both internal and external. Probably more than one copy. But you soon realize that tracking everything with paper is slow. It is inefficient. It takes too much time away from your productive activities – brokering freight loads. Brokering loads pays the bills – spending time paying the bills doesn’t.
Some people get to this point, and just knuckle down. They aren’t aware of other options, so they do the best with what’s in front of them. And when the workload from all the manual paper process is too much, they hire another person. Now there are two people brokering loads, qualifying carriers, and managing paper – hopefully cutting the workload in half, right? Wrong. The office resources are shared, which means some duties can only be done by one person at a time. Sometimes specific duties are assigned to each person to help with the confusion. But what happens when that person is out of the office, and one of their tasks needs to get done? Do you wait for them to return? Does it hold up your tasks? Does it hold up your customers? Simply adding more employees will not reduce the workload proportionately. Sometimes no efficiency is gained. Why is that?
Home based businesses are on the rise thanks to NAFTA. And freight broker training is taking the transportation industry by storm. It is a real home based business and more and more people are cashing in on it. With factories, plants and mills steadily going out of business, people are getting desperate. They are falling…