If you are interested in knowing what a car transport broker does and how much he/she earns as a single person entity, then this guide is just for you. We will talk about a car shipping broker's role and then discuss the money you can expect to make in this business. So that being said, let’s get started:
What Does a Broker Do?
Before we dive deeper into the average income of a car shipping broker, let’s discuss the duties of a broker. Because without knowing what you need to you, you cannot find out if it’s worth the money. So here are the basic duties of a car transport broker:
Getting Leads:
The first and most important part of a broker’s responsibility is to get leads. He/she needs to find people interested in shipping their cars. This can be very challenging if you are just starting out because where do you find such people? There are many ways, but what most of the leading brokers do is create a website.
They then start putting informational content on their website that helps attract potential buyers to their website via search engines like Google. If a potential buyer (lead) is getting free information from a broker’s website, they will obviously trust them enough to ship a car with them.
Converting Leads:
This is where the broker is approached by the potential customers and starts negotiation. No one takes the first rate thrown at them for the actual car transport quote. So people ask for a discount, and the broker does his best to facilitate them.
He/she also answers their queries and educates them about the complete vehicle shipping process until they are satisfied and make the booking.
Coordinating with Carriers:
Once the order is booked, the broker works with carriers found on dispatch centers like Central Dispatch, negotiate rates with them and give them the details of the client, including addresses of pick up/ drop off locations, car details and other necessities.
The carrier then takes off to pick up the cars and transport them to the clients' location.
Customer Support:
Throughout the car transport process, the customers might have questions or specific details they want to share with the carrier. They talk to the broker about that and he/she helps them out. Plus, if the car gets damaged, the broker helps them with the insurance claims as well.
There are many more things that a vehicle transport broker offers like a free car wash, free car rental, guaranteed pickup dates and so on. However, only big, established brokers do that; as a single person, you don’t have to worry about them now.
So…..How Much Can I Make as a Single Person Car Shipping Broker?
Now that you know how much work the broker puts into the process, you can expect him to charge anywhere 25-35% of the total load handled by the carrier. Here, the ‘load’ means the total number of cars transported by the carrier with your affiliation.
Some auto transport brokers charge a moving fee instead of commission, ranging from $100 to $500 depending on the transport mileage, shipping location, and additional shipping services that clients might need like expedited shipping or enclosed transport.
The GOOD NEWS is that since you will be a single person based vehicle transport broker, you will have very minimal expenses, so your profit will be higher.
For More Information About Cost To Ship A Vehicle
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