Welcome to part four of our series – Become an Owner Operator or Lease Purchaser: Making Money. If you haven’t yet read parts one, two and three, please do so before continuing with this article. In this article, we will discuss the most important aspect of the job – how to make money.
Paramount Freight Systems is a five time nominee and three time winner of the Best Fleets to Drive For Award! If you are an Owner Operator or Lease Purchaser, or are looking to become an Owner Operator or Lease Purchaser, come join us! We are one of the best all Owner Operators and Lease Purchasers fleets in the business and want to help you own your route to success. Don’t get into the bidding war; join us and we’ll keep you busy! Keep reading to learn how to get into your next truck and trailer.
You Own a Truck – Now What?
So you finally made the decision and went out and bought a truck. You set up your business accounts, you passed all your driving tests, you’ve taken every step in the right direction to begin your career as an Owner Operator or Lease Purchaser but now you have to start making some money to pay all these bills. Let’s learn about the different ways you can make money once you own your truck.
Job boards are a difficult place to start, and as a new Owner Operator or Lease Purchaser, you better have a few years of driving experience under your belt or the headache is going to turn into a migraine. You’ll need to be prepared to fax over your proof of insurance and any paperwork requested. You will need to negotiate your rate and make sure you don’t sell yourself short trying to land the deal. Stick with the saying, “don’t turn the key to the right unless the rate is right.” The load boards are going to be very competitive, but if you are diligent enough, this career will make you money.
Join an Owner Operator and Lease Purchaser Fleet
Many drivers don’t like to work as an Owner Operator or Lease Purchaser for another company that also uses company drivers. It just tends to feel like the company drivers have an advantage, getting the better lanes or loads, even if they don’t. The best way to beat this is to join an all-Owner Operators and Lease Purchasers fleet. Paramount Freight Systems is an Independent Contractor fleet, and we have tons of freight to move. By joining an Independent Contractor company, you can rest assured that they have done the footwork for you by securing clients and keeping a consistent pipeline of freight for their drivers. They have insurance and can help you out if you get in a jam. Remember: they are making money as well, so if something goes wrong, they’ll be right there with you making sure everyone gets paid.
Brokers are another method of finding loads. This can either be a really good experience or a very poor experience, depending on your ability to work with people. It won’t help you build your company if you jump from broker to broker, so finding a good one early on will be critical. You want to build a strong rapport with your broker and also show you are available, consistent, timely and professional dealing with the customer. Joining an Owner Operator and Lease Purchaser fleet is a more steady decision than using a broker.
Paramount Freight Systems would like to help you get started as an Owner Operator or Lease Purchaser. We’re established and have a solid client base. We’re constantly moving freight and you can, too! Are you interested in working for a company who cares about you and your family? Contact us today. If you have any questions, we will be happy to help. You can also connect with us on our social media channels.