A box truck is a commercial vehicle that has a box-like or rectangular cargo area at its back. This cargo area is separate from the driver’s cab and provides a secure and weatherproof space for transporting goods. It comes with a rear cargo door or multiple doors on the back, that allow for easy loading and unloading of items. A box truck protects goods from all weather conditions and can accommodate a wide range of cargo sizes and types. They can transport significant volumes of goods.
A box truck business is a lucrative opportunity for an aspiring entrepreneur. The box truck industry offers a promising opportunity, you have the option of offering various services like moving Services, food trucks, rental business, advertising with your Box Truck, courier Service, waste hauling, and a lot more.
Starting a box truck business requires careful planning, strategic decision-making, and a good understanding of the industry. The demand for efficient and reliable services related to box trucks is increasing day by day. Starting a box truck business is challenging, but with the right knowledge, it becomes easier. This guide contains the real insights and information to establish a thriving box truck business.
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Step 1: Decide if the Box Truck Business is Right for You
1. Fast facts
Is the Box Truck Business Meant for You? | |
Industry Trend | Growing |
Commitment | Flexible |
Investment Range | $6,500 – $14,500 |
Revenue Potential | $105,000 – $510, 000 p. a. |
Profit Potential | $68,000 – $105, 000 |
Time to Build | 2 – 3 months |
2. Industry Size and Trends
Trucking Industry Statistics (U.S.) | |
The Market Size of the General Freight Trucking Industry (2022) | $91.4 billion |
Growth Rate of the General Freight Trucking Industry (2022) | 9.8% |
The U.S. freight by weight moved by trucks (2021) | 72.5% |
The employed truck drivers in the. the U.S. (2021) | 3.5 million approx. |
Truckers as owner-operators (2022) | 10% of all truckers |
Registered trucking companies in the U.S (June 2022) | 1.97 million |
Number of Commercial Trucks (2022) | 41 million |
Trucking carriers that operate with six or fewer trucks | 91.5% |
Trucking carriers that operate with fewer than 20 trucks | 97.4% |
Male Drivers | 86% |
Female Drivers | 14% |
Costs that go toward paying drivers’ wages | 34% |
The average hourly wage for truck drivers | $22.66 |
3. Pros & Cons of Box Truck Business
Every business comes with its own pros and cons, and the box truck business is no exception to this. You should take into account every plus and minus before you decide that this business suits you well.
Pros | Cons |
High Demand: The demand for transportation and delivery services would always be there. Because of e-commerce, the demand has risen rapidly. You can establish a stable customer base. | Stress: You must know how to manage administrative tasks, get loads, and maintain your truck so that your business runs smoothly. It requires planning and implementing the right strategies. |
Low Start-up Costs: The costs associated with leasing or purchasing a box truck is less compared to starting a business in logistics or shipping. Other costs such as obtaining the necessary licenses and permits, and setting up the business infrastructure are lower. | High competition: It’s a highly competitive space. When you are new in the market and won’t have a strong reputation, you may find it difficult to find good loads. |
Flexibility: You can transportation as well as delivery services. You can cater to a wide range of customers and potentially target different markets. | Physically demanding: Starting a box truck business means that you will need to operate more hours each day. The work often involves working early mornings, late nights, on weekends or holidays, which can impact your work-life balance. |
Potential for profit: Being the owner, you earn much more than regular company drivers. You have a larger revenue percentage from each load. The owner-operator controls almost all the aspects of shipment, hence making more profit. | Operating expenses: It can be an expensive affair to maintain a box truck, especially when it breaks down Rising fuel costs insurance premiums, and repairs can eat into your profits. |
Be your own boss: You make your own decisions. You decide what loads to carry, whom to work with, and how much time to work. You control your work entirely. | Driver shortage: Often, there is a shortage of experienced and reliable drivers. Hiring good drivers can be time-consuming and expensive. |
Travel & get paid: When you drive your own truck, you see a bunch of exciting and fascinating sights. |
4. Factors that drive the trucking freight economy
Expansion of e-commerce Industry
The logistics services are utilized by the e-commerce industry to manage and oversee the supply chain, thus, allowing them to focus on marketing and other business operations. E-commerce is a popular medium for the purchase of a wide variety of products for consumers because it allows easy accessibility and convenient shopping experiences with heavy discounts & offers.
These factors have collectively contributed to the growth of the freight trucking industry for e-commerce services.
Rise in urbanization
In recent years, rural areas being converted into urban landscapes. This makes it easy for trucks to be able to traverse through different parts of the country which they were unable to do earlier. This has widened the scope for the trucking industry to offer services and widen the customer base, thereby, generating significantly more business in the process.
Increased use of telematics in the automotive sector
Telematics is a method of monitoring vehicles by using GPS technology and onboard diagnostics (OBD) to plot the vehicle’s movements on a computerized map. It is also known as fleet tracking or GPS vehicle tracking. telematics makes it easier to get live traffic updates, tracking, monitoring, and roadside assistance during a breakdown, smart routing, and others. This, in turn, helps in the operational efficiency of fleets, fuel cost reduction, resource optimization, and others.
5. Box truck business challenges
Rising fuel costs
Gas shortages affect the trucking industry unlike anything else. When fuel gets expensive, truckers always find themselves in a pinch. Because of the limited nature of this resource, prices can only go up. There are alternative fuel trucks or even electric trucks to choose from. They bring down the fuel costs but they don’t come cheap.
Shortage of trained drivers
The lack of trained drivers is another challenge the trucking industry faces. Experienced and well-trained truck drivers come with higher wages. Retailers and consumers aren’t happy about having to pay more either.
Truck Parking
This may look like a small problem but lack of parking has been a consistent issue in the trucking industry. If drivers cannot find parking, then there is always a risk of violating federal hours of service rules or parking illegally.
Scheduling Delays
Drivers always have a concern about detention fees. Because of lost hours spent waiting at customer facilities drivers’ pay is reduced, making it hard to attract and retain drivers.
Market fluctuations
When the economy is growing there is more production of goods, so more transportation and thus more demand for trucking activities. Demand may be very less during the holidays. This means bottlenecks and fluctuations in trucking rates as the supply vs demand ratio changes.
Weather events
Natural disasters like hurricanes and winter storms have the ability to impact the industry and an unpredictable way. As per the US DOT, weather delays cost trucking and commercial transportation companies anywhere from $2.2 to $3.5 billion dollars per year. Some believe that global warming has led to these events.
6. What are the entry barriers for a box truck business?
A few of the entry barriers for a box truck business are
- Finding clients :Many box truck businesses compete for loads, so it can be difficult to find box truck loads in some States.
- Box Truck : You need to find and finance a reliable box truck.
7. How much does it cost to start a box truck business?
Start-up costs for a box truck business range from about $6,500 to $14,000. The cost can differ significantly depending on whether you decide to buy or lease your truck. Buying a used truck can cost as little as $5,000, or putting a 5-10% down payment on a new truck can cost as much as $40,000. Leasing a truck can cost around $1,000-$2,000 monthly.
To start a successful box truck business, you will need a handful of items. Here’s a list to help you get started:
- Trailer and hitch
- Box truck with shelving
- Furniture pads and dollies
Cost Type | Estimated Cost Range | Average Cost |
Box Truck Acquisition (Down payment or used truck purchase) | $5,000 – $12,000 | $8,500 |
Setting up business name & corporation | $150 – $200 | $175 |
Insurance | $100 – $300 | $200 |
License & permits | &100 – $300 | $200 |
Website Set-up | $1,000 – $3,000 | $2,000 |
Business Cards and Brochures | $200 – $300 | $250 |
Total | $6,550 – $16,100 | $11,325 |
8. How much can you earn from a box truck business?
The average annual earning for a box truck business varies greatly. Some people make less than others with their own box truck business, but it’s clear that there is good earning opportunity out on those streets.
Prices for box truck deliveries vary significantly and depend on various factors, these include the size of your business, the location in which it operates, the cost of fuel and maintenance, and the price at which you can sell your services.
A box truck business can make good profits, especially if you can get a large volume of contracts or charge premium prices for your services. When you work for yourself you can expect a profit margin of 60-70% assuming the average load price of $200.
In the initial years of your business say one or two years, you can do 10 deliveries per week, making an annual revenue of about $100,000 and a profit of $60,000 – $70,000. Once you expand your business and add trucks, hire drivers, and rent an office, you can expect around 50 loads per week but as there are other expenses involved your margins will fall to around 20-25%. Thus, annual revenue would be over $500,000 and pre-tax profit would be around $100,000.
For the above illustration Amazon Relay program is taken into consideration, it offers an average salary of about $50,000 – $150,000.
Year | Revenue | Profit |
Year 1 | $100,000 | $70,000 |
Year 2 | $500,000 | $100,000 |
Step 2: Work on Your Idea
Once you are clear about the key aspects of launching a box truck business it’s important to work on the idea of launching a box truck business so that you prepare well in advance for entry into a competitive market.
Market research is the first important step at this stage. You must know whom you are going to compete with, how you will differentiate your services as compared to others’ services, how much money you will charge for your services, etc. You should have a competitive edge to gain a deeper understanding of your customers.
1. Spot the Opportunity
As there would already be existing truck owners offering various truck-related services in your area or the locality in which you would operate, it becomes very important to spot the right niche/service you will be specializing in. Analyze the services offered by the potential truck owners, their pricing strategies, and customer reviews, and decide which niche can be better served by you.
By conducting thorough market research, you will get to know which specific niche can be most suitable and profitable for you. Become super-specialized in a particular niche so that there is less competition and you become the go-to person for that service.
2. What products and services would you offer?
As there are numerous business opportunities with a box truck, you will have to choose the service that may best suit you. Some of the profitable services you can offer are:
- Provide moving services
- Partner with a logistics company
- Provide courier service
- Advertise as a mobile billboard
- Provide hauling services
- Deliver for local stores
- Provide food delivery services
- Provide transportation services
- Provide furniture delivery services
- Provide snow removal services
3. How much should you charge for box truck services?
Often there is a minimum rate of $120 and the weight and value of the load are used to determine the final price. Before you decide your charges know well the prices of your competitor’s services and make sure your prices are competitive. The prices you decide at the launch of your business should be subject to change if warranted by the market.
For arriving at a correct price point do cost analysis, thorough market research, your unique offerings, and know the profitability and sustainability.
4. What is your target market?
Your target audience will depend on the type of services you will offer. Platforms such as LinkedIn, Facebook groups, etc. can be handy in such cases. If you are delivering to the local stores you can find local business owners on sites like LinkedIn. If you are specialized in furniture delivery then new homeowners become your ideal customers, you can connect to them through property managers or property developers.
5. Choose your business premises
When you start out it makes sense to operate from home so as to keep the costs low. As your business expands you will have to hire workers and rent out an office. You can find the right commercial space to rent for your box truck business on well-known platforms like Craigslist, Crexi, and Commercial Cafe.
When you rent a commercial space for your business, remember these key points:
Go where there is demand:
You must choose a location that’s not saturated by your competition. Look for areas where your services are in high demand or where the competition is low. make sure your business fits into the local market.
Good connectivity
Your office should be easily accessible via public transport, car, bike, or on foot. Check for parking facilities or delivery restrictions. It should be safe and desirable for staff to work. Make sure that there is good broadband and phone coverage.
Flexible lease terms
Generally commercial leases are of long-term duration. Negotiate with the landlord for flexibility of lease terms, this may include an extension or reduction in lease terms (when you think of moving to a bigger office).
Good condition of the property
Make sure the property is ready-to-use and doesn’t need further renovation or repairs. Damp, mould and dodgy plumbing can be unhealthy and off-putting for staff and your customers. Do a building survey before you sign any contract.
Step 3: Decide the Trucking Company Name
The business is your identity and should convey your objectives, services, and mission. make it sure that your business name is short and easy to remember because much of your initial business will come through word-of-mouth referrals. Consider the following tips when deciding on the name of your business.
1. Easy to pronounce and spell
The name that is easy to pronounce and spell will facilitate better communication and also potential clients will find it easy to find your business.
2. Catchy and unique
Catchy and unique names are memorable and will capture the attention of the clients. The business name should be short and easy to remember.
3. Relevant to your services:
The business name that is relevant to your services will help potential clients understand the nature of your business easily.
4. Get inputs
For suggestions ask your friends, colleagues, and family members.
5. Use keywords
Using keywords like “trucking”, “logistics”, or “transport” will help in boosting search engine optimization (SEO) and will increase brand visibility.
6. Avoid location-based names
As they will decrease the scope for future expansion.
Once you decide on the potential names, visit the website of the US Patent and Trademark Office to know if they are available for registration and check the availability of related domain names using various domain name search tools like godaddy.com. It’s wise to use .com extension as it increases credibility.
Step 4: Create a solid business Plan
Once you are confident with your skills, it’s time to create a solid business plan and start building your own business. A detailed business plan will help you with your goals, target audience, financial plans, business structure, and more.
Your business plan will function as a guidebook to take your business through the launch process and maintain focus on your key goals.
The key points to include in your business plan are as under.
1. Executive Summary
It provides an overview of the entire business plan, highlighting the key points and objectives. The executive summary should be written once the plan is complete.
2. Business Overview
Here, you should mention an in-depth overview of the business, including its vision, mission, ownership structure, and corporate goals. Make sure you mention the core values and unique qualities of your business that differentiates you from the competitors.
3. Product and Services
Describe your services in detail. Must Include information on the different packages and add-ons.
4. Market Analysis
Conduct a thorough market analysis, including trends, demand variations, potential areas for growth, and more. Perform a SWOT analysis to identify strengths, weaknesses, opportunities, and threats.
6. Competition Analysis
Analyse your competitors, assess their strengths and weaknesses, and write the advantages of your services as compared to the services offered by the competitors.
7. Sales and Marketing
Decide your company’s USPs and create sales, marketing, and promotional strategies. Create strategies related to pricing, advertising, lead generation, and referrals.
8. Management Team
Give an overview of the management team, their roles, responsibilities, and professional backgrounds. Also, include an organizational chart or a corporate hierarchy.
9. Operations Plan
The operation plan will include procurement processes, assets and equipment, office location, and logistical details.
10. Financial Plan
The financial plan will demonstrate the financial viability and sustainability of the business and will cover, start-up costs, break-even analysis, profit and loss estimates, and details of the cash flow balance sheet.
11. Appendix
This may include additional documents that support the information presented in the business plan, like research data, sample contracts, and other relevant documentation.
Step 5: Register Your Business
Registering your business is an essential and vital step in starting your box truck business. It is a basic requirement for tax payments, accessing capital, opening a bank account, and other related aspects of establishing your business.
The registration process is exciting as it formalizes your business. Once completed, you will have your very own business!
Registering your business is an essential and vital step in starting your box truck business. It is a basic requirement for tax payments, accessing capital, opening a bank account, and other related aspects of establishing your business.
1. Choose where to register your company
The location of your business is an important part of your business as it affects taxes, legal obligations, and revenue generation. Generally, it makes sense for small businesses to select the home as your state of domicile, but if you have plans for expansion you should also explore other options. Few states may have additional benefits for your business.
Registering your business in other states involves a simpler registration process through the secretary of state. In states beyond your home state, your business is considered a foreign entity.
2. Choose your business structure
Business entities are of various types, and each has its own set of advantages and disadvantages. The company structure you choose will have an impact on factors such as tax obligations, personal liability, and registration requirements. So, make a well-informed decision.
Your options are:
Sole Proprietorship
Sole proprietorship makes no legal distinction between the company and the owner. It gives you complete control over your business. All income goes to the owner, and the owner is liable for any losses, debts, or liabilities incurred by the business. The owner has to pay the taxes on business income on his or her personal tax return.
Partnership
This business structure is similar to a sole proprietorship, but owned by two or more individuals. Partnerships are of two types: a general partnership (everything is equally shared between the partners) and a limited partnership (operations are controlled by one partner).
Corporation
In this type, a business entity is separate from its owners. Shareholders are not personally liable for the company’s debts and obligations.
Limited Liability Company (LLC)
The LLC Combines the benefits of corporations and partnerships. Profits and losses pass to owners and the business doesn’t get taxed. The owners are not personally liable for debts.
For a small business, an owner LLC is a better option because it offers liability protection and pass-through taxation and it’s simpler to form an LLC compared to a corporation. There are a good number of LLC formation services available online that can form an LLC in five minutes.
Step 6: Register for Taxes
The last step before you are able to pay taxes is getting Employer Identification Number or EIN. You can apply online through the IRS website and get EIN in a few minutes.
If you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. An EIN can help you at the time of filing business taxes to get a business credit card and open a business bank account.
Once you get an EIN, you need to choose a tax year, which can be (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, and which taxes you’ll pay will be determined by your business structure.
You can check tax-payers checklist on the IRS website, and can file taxes online.
It is a wise idea to consult an accountant or other professional to help you with your taxes.
Step 7: Fund Your Business
To operate a box truck business, you will need funds. Financing can come in various forms as below.
1.Your own money
You can fund your business through your personal savings or the sale of property or other assets.
2. Friends and Family
You can reach out to your friends and family for loans or investments in your business. You should get legal advice when doing so as SEC regulations apply in this case.
3. Crowdfunding
Crowdfunding involves funding a project by raising many small amounts of money from a large number of people, typically via the Internet.
Some of the popular low-risk options to consider are Kickstarter and Indiegogo, in which donors fund your venture. There are other platforms like Fundable and WeFunder where multiple investors to fund your venture.
4. Bank loans
This is the most common method of securing financing for a small business but getting approved requires a very good business plan and strong credit history.
5. SBA-guaranteed loans
In this case, The Small Business Administration (SBA) can act as guarantor and helps to gain the bank’s approval via an SBA-guaranteed loan.
6. Government grants
There are various financial assistance programs to fund entrepreneurs. To know more visit Grants.gov
7. Venture capital
Venture capital (VC) is a form of private equity and a type of financing that investors provide to start-up companies and small businesses that are believed to have growth potential.
When you are just starting a business, venture capital may not be the best option. You need to offer an ownership stake to the investors in exchange for funds and obviously have to sacrifice some control over your business. You can think of this option only when you’re ready to grow your business to a large scale.
Step 8: Apply for a Box Truck Business License and Permits
Starting a box truck business comes with a range of regulatory requirements. here is the check-list:
1.Obtain a commercial driver’s license (CDL) from your state’s Department of Motor Vehicles (DMV).
2. Register with the Federal Motor Carrier Safety Administration (FMCSA) to acquire a Department of Transportation (DOT) number and a Motor Carrier Authority number.
3. Complete a unified carriers’ registration and, if you plan to drive to other states or in Canada, obtain an International Registration Plan (IRP) tag and an International Fuel Tax Agreement (IFTA) decal.
Starting your box truck business may also involve other legal considerations. These include:
6. Obtain a “doing business as” (DBA) name, acquiring health licenses and permits from the Occupational Safety and Health Administration (OSHA).
7. Protecting patents, trademarks, copyrights, and other intellectual properties, as well as obtaining industry-specific licenses and permits.
For more detailed information check the SBA guide. You should take this step seriously as failing to comply with legal requirements can result in penalties.
Step 9: Open a Business Bank Account & Credit card
Before you start your box, truck business, and make money you will have to open a bank account.
You may keep your business finances separate from your personal account to simplify filing taxes and tracking your box truck business income, even if you operate it as a sole proprietorship. Opening a business bank account is quite simple, just inquire at your preferred bank to know about their features and rates.
Once you decide on your bank bring in your EIN (or Social Security Number if its sole proprietorship), articles of incorporation, and other legal documents and open your new account.
You may also need a business credit card, especially for events requiring a heavy expenditure. Compared to other types of credit, it is easy to qualify for credit cards when you are a brand-new business. Having funds available in case of emergency is always intelligent.
Step 10: Get Business Insurance
It is very important to have appropriate insurance for your box truck business as insurance protects you from devastating consequences resulting from unexpected events.
Source: Insurance
Here are the kinds of insurance you should consider:
1. General Liability Insurance
General liability insurance protects your business from claims that it caused bodily injury or property damage to someone else.
Many small business owners also get a general liability insurance policy that includes product liability insurance that protects their company from claims of bodily injury or property damage that their products cause.
2. Professional Liability
Professional liability insurance helps cover claims related to mistakes in the professional services that your business provides to the clients. For example, if your accounting firm makes a mistake on a customer’s financial statement and they have to pay a penalty. If they sue your business, professional liability insurance can help cover your legal costs.
3. Workers’ compensation
Workers’ compensation insurance provides benefits to employees if they get an injury or illness because of the work.
4. Commercial Auto
Commercial auto insurance provides protection to company-owned vehicles.
5. Business Property
Business property insurance Provides coverage for your supplies and equipment.
6. Commercial property
Commercial property insurance helps protect your owned or rented building and the equipment used to operate it. So, if someone breaks into your building and steals your business computers, commercial property insurance can help cover the replacement costs.
7. Equipment breakdown insurance
Equipment breakdown insurance covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
8. Business owner’s policy (BOP)
This is one of the popular insurance policies and combines general liability insurance commercial property insurance and business income insurance.
Step 11: Prepare to launch
This is the time when you have to review and improve some key elements of your business
1. Must have tools & software
There are many software and digital tools available in the market that can simplify your business tasks and make life easier. Some of the useful software that can help you manage your scheduling, billing, and bookkeeping are TruckingOffice, ShipWell, or Dump Truck Dispatcher.
2. Accounting
There are some popular web-based accounting programs, especially for small businesses such as Freshbooks, Quickbooks, and Xero.
You can also think of hiring a professional if you are unfamiliar with basic accounting because mistakes in filing incorrect tax documents can lead to severe consequences.
3. Develop your website
Your business website serves as your online presence and plays a critical role in convincing potential clients of your expertise in the field. You can utilize user-friendly platforms like WordPress, Wix, or Squarespace but it may require some time and effort to familiarize yourself with the website-building process.
If you are not technically sound you can hire a skilled web designer and get the things done. To increase the visibility of your website in the search engines like Google, you need to apply Search Engine Optimization (SEO) strategies so that prospective clients discover your website easily.
4. Marketing
Online visitors may visit your website and bring in some business but to get more leads you must invest in digital marketing. For a new business its very important to build brand awareness.
Social media platforms like Facebook, Instagram, Pinterest, etc. are another better option for diverting traffic to your website. Link your business website to all your social media accounts and keep posting engaging content and advertise your services.
Facebook is the largest social networking site in the world and it’s a great platform for paid advertising. It allows you to target specific demographics, like men under age 40 in Portland.
It is a great visual social networking platform and an ideal place for showcasing your products or services with photos or videos. It has the same benefits as Facebook but with different target audiences.
Website
A good SEO will help your website rank higher in the search results and the prospective clients will discover your business portal easily, this in return will bring in more sales. Add the right calls to action with attractive font and color.
Google and Yelp
List your services on Google My Business and Yelp if you want to focus on local clientele.
5. Increase awareness and build your brand
Once you have your website ready and presence in the social media do some real-life activities to increase awareness of your brand. Some of the activities you can do are:
In-Person Sales
Local markets and trade shows are great places to offer your products or services.
Ask for referrals
Offer some incentives to the clients who bring in new customers.
Post a video on YouTube, Facebook, and Instagram
Post an awesome video of your box truck and show how meticulously to did the task.
Start a blog
Start a blog with a good user interface and share knowledge and experiences that prospective clients may find useful. Add eye-catching infographics to your posts.
Testimonials
Share maximum testimonials on the platforms where you have a presence.
Giveaways
Offer prizes and discounts for customers who complete a certain action, such as 40% off your first delivery.
Flyering
Distribute flyers in your neighborhood, community centers, and industry events.
Paid Advertising
Research keywords and use Google AdWords to perform better in searches. Choose sites such as Facebook and Instagram for targeted traffic.
Influencer marketing
To promote your business on social media, pay people with large social media followings. If you have low budget than you can also consider micro-influencers with smaller followings.
Make a podcast
A podcast helps in making a personal connection with your customers.
Press releases
Do press releases about new services and facilities your business is offering.
6. Decide on your business USPs
Unique selling propositions (USPs) are the unique features of a product or service that differentiate your service from your competitors. Customers, today have so many options but if they grasp your service quickly and understand how your service meets their needs, then you will have a real advantage.
Source: USPs
Some of the best USPs you can have are:
Efficiency on Wheels: Faster, Smarter, Better
Your Trusted Partner in Box Truck Solutions
On-Time Delivery, Every Time
Your Trusted Partner in Box Truck Solutions
7. Network
A good network of people related to the trucking industry is a must to expand your business. Reach out to your existing personal and professional contacts who may have relevant connections in the trucking industry. Leverage industry events, social media platforms, and online forums, and try to engage with your potential customers.
Collaborate with companies that offer logistics and hauling services and tap into their customer base. You can also explore affiliate marketing and gorge relationships with online businesses.
Step 12: Build Your Team
When you just start out it’s obvious that you will start single and will operate from home. At this stage, you will not require employees. But as your business grows you need to hire staff for the smooth running of your business. Some of the positions you will look for when you are in the business expansion stage are:
Marketing Lead: social media marketing, SEO strategies, enhancing online presence, attracting traffic
General Manager: Accounting, managing staff, managing operations, maintaining efficiency
Drivers: packing and unpacking loads, delivering
Dispatcher: take calls, schedule services, ensure smooth coordination between company and customers.
As you are just starting out, consider free-of-charge methods to recruit employees, post ads on popular platforms such as Facebook, LinkedIn, or Jobs.com.
Step 13: Run a Box Truck Business & start making money
A box truck business is a relatively low-cost business to enter and has great earning potential. Trucking is a big industry there is plenty of money to be made. With a single truck, you can offer so many services as listed above.
With the rise of the e-commerce sector, local distribution centers have come up in every city, providing a good opportunity for the box truck business.
Box Truck Business FAQs
1. How much can you make owning a box truck?
You can make a profit of around $70,000 a year or more with just one truck if you work full-time as an owner-operator. There is an ample number of ways to make money with a box truck.
2. How to start a box truck business with no money?
It is quite difficult to start a box truck business without money unless you already have a truck. If you don’t have your own truck you must explore other available options. You can get a used truck for about $6,000 – $ 10,000 or a new one for $45,000 – $60,000. You can get financing for buying a truck with a down payment of 5% – 10%.
3. How can I make money with a box truck?
There is more than one way to make good money with your box truck. You could either specialize in one service or could do a combination of services. Some of the profitable ways to make money are making deliveries for local stores, junk hauling, working with the Amazon Relay program, and many more.
4. What are the sizes of box trucks?
Box trucks are of various sizes. Some of the common sizes are:
Class 3: 12 to 16 feet in length, weight limit of 14,000 lbs
Class 4: 16 to 20 feet in length, weight limit of 1,000 lbs
Class 5: 20 to 26 feet in length, weight limit of 19,500 lbs
Class 6: 26 and 33 feet in length, weight limit of 26,000 lbs
5. Can a driver sleep in a box truck?
Some box trucks have sleeper compartments or can be modified to accommodate sleeping arrangements. But it is much more important to adhere to the applicable laws related to rest and sleep to ensure safety and comply with transportation regulations.