How to Start a Hotshot Trucking Business ($200K a year)

[@trindon9439]

Before getting on the road you should knock on 20 shipping companies doors per week until you get at least have 2-3 direct shippers locally who is paying a good rate in a lane that will put you in a good market. Then find a direct shipper in the destination location so you can get back home. When you establish that, then use the load board as add on. Something very light. Ex: Houston to Chicago $2.60 direct shipper plus a light load board freight at $1.20 will put you at $3.80 traveling 1,100 miles for $4,180 on that trip. Establish a direct shipper in Chicago coming back to Houston. Use the load board for add ons. That will put you around $8,000 per week. Three times a month, that’s $24,000 in revenue for the month. This only an example. Don’t stay on the load board. I understand this may be all foreign to you, so I encourage you to screenshot this and always use it as a reference and do your research. 💪 *Fuel card: Wex Fleet One Edge *ELD: GeoTab with etruck.com *Insurance: dbschenker.com *Load board: truckstop.com *Magnetic decal: magnetsonthecheap.com 12x18 with 2 inches letters .045 size *Must supplies: straps, chains, tarps.

[@nate_indiana_jones]

Thanks for the information, super helpful! 🫡📈

[@AimeMOfficial]

ive actually been thinking about this one.

[@nate_indiana_jones]

There is definitely money in it. Only downside is the potential unforeseen expenses. Truck and trailer breaking down. If you can manage that, there is money!

[@trindon9439]

@aimemofficial Before getting on the road you should knock on 20 shipping companies doors per week until you get at least have 2-3 direct shippers locally who is paying a good rate in a lane that will put you in a good market. Then find a direct shipper in the destination location so you can get back home. When you establish that, then use the load board as add on. Something very light. Ex: Houston to Chicago $2.60 direct shipper plus a light load board freight at $1.20 will put you at $3.80 traveling 1,100 miles for $4,180 on that trip. Establish a direct shipper in Chicago coming back to Houston. Use the load board for add ons. That will put you around $8,000 per week. Three times a month, that’s $24,000 in revenue for the month. This only an example. Don’t stay on the load board. I understand this may be all foreign to you, so I encourage you to screenshot this and always use it as a reference and do your research. 💪 *Fuel card: Wex Fleet One Edge *ELD: GeoTab with etruck.com *Insurance: dbschenker.com *Load board: truckstop.com *Magnetic decal: magnetsonthecheap.com 12x18 with 2 inches letters .045 size *Must supplies: straps, chains, tarps.

[@JeffreyKemper]

How much does it cost to start? Can we see a break down for us on costs.😮

[@nate_indiana_jones]

Every start up is different. Depends on the truck and trailer. Depends what you haul.

[@fernandobonilla1444]

I think insurance is more then that, i see people paying close to 2k a month

[@nate_indiana_jones]

I own an insurance agency in midwest and rates are lower here. Depending on your state it can be higher.

[@jollyrodger1537]

I’m at $2200 ins and diesel and DEF can easily be .50c mile. CDL only makes sense to me to get decent loads that can handle the weight. 8 new tires for the trailer. 2 steers for the truck. Don’t run your engine when you’re sleeping. Getting a dependable driver to take care of your equipment and your MC that’s kinda scary. We are 6mo old now and some brokers are starting to allow you to get load’s from them

[@nate_indiana_jones]

Yeah it seems like the longer you are in business the better loads you get. Have to fight the first 2 years. @@jollyrodger1537

[@samuelgarcia9598]

Do i have to get insurance from my state or can i get an insurance from another state that i don’t live in?

[@nate_indiana_jones]

You have to get insurance from the state in which your business is domiciled.

[@samuelgarcia9598]

@@nate_indiana_jones thanks

[@SonnyBusiness]

Can you do one on pallet flipping?

[@nate_indiana_jones]

Yes, I should be able to get to it soon.

[@SonnyBusiness]

@@nate_indiana_jonesthanks!

[@nate_indiana_jones]

We’re you talking about buying mystery amazon pallets and reselling them or actual wooden pallets? 😂

[@SonnyBusiness]

@@nate_indiana_jonesno haha buying pallets and reselling them

[@nate_indiana_jones]

Got it. So buying the pallet and selling the Amazon items, or the actual pallet? Still confused

[@Captain_trader]

I’m looking to start a business

[@nate_indiana_jones]

Nice! Save up create a plan and start!

[@Captain_trader]

I definitely don’t have 100k… so what do I do ?

[@all4freedom100]

Not a video on how to start a hotshot business at all.

[@nate_indiana_jones]

How do? What did I get wrong?

[@MahoeTeri]

Why u say not a video to start to me it sounds very clear !!…I’m excited to start soon!!..

[@claycarpenter8625]

All the videos for 2024 say the rates are horrible now. I havent seen anything close to the amount you claim. Sounds like a best case scenario and even steady all the time.

[@nate_indiana_jones]

Yeah rates are pretty low right now, may be slow right now but when things turnaround at least you will be established

[@claycarpenter8625]

@nate_indiana_jones well I'm not in a position to be an owner operator but a guy I work(he owns a couple box trucks and a hot shot with hauling lumber said he would get a truck and trailer and I could drive it if I was really interested. He has a son that did it and knows about the business

[@nate_indiana_jones]

Nice, if the numbers make sense, do it!

[@marcusstenberg1452]

Clay you should make a video with more accurate numbers then. You seem to know a bit!

[@GregoryStarling-dq2xw]

You didn't mention General Liability Insurance, which you need a $1,000,000 of coverage. How much does that cost?

[@nate_indiana_jones]

Around $500 for the year.

[@CharlieO77]

@@nate_indiana_jones🤣🤣🤣 way off bud… I knew you didn’t know what you were talking about when you mentioned prices of used equipment

[@jacobB1049]

No you don’t need a 70k truck and a 30k trailer 😂 get you a good used gooseneck for 10k and put new tires and bearings in it. And a good 7.3 with low miles for 15k. Quit telling people they need to buy brand new shit to start a business

[@nate_indiana_jones]

I agree, start as inexpensive as you can.