If you are tired of working for someone else, you can join millions of other Americans who have become self-employed. If you are interested in starting your own brokerage business, the first step is to obtain a freight broker license. If you are just starting out or considering this line of work, you must register as a broker with the Federal Motor Carrier Safety Administration (FMCSA).

There is also a $ 300 registration fee. Once you receive your Motor Carrier Number (MCN), you can complete the rest of the application process. A broker is required to have an insurance policy. Some areas will also require you to maintain a link. Your local bank can help you set a bond, if necessary.

Once you obtain an insurance policy and / or a bond, you will need to submit proof of insurance to the FMCSA. After all the appropriate requirements are met, it can take 4-6 weeks before you are granted an FMCSA Authority. Now you can work with your valid license and start your own business.

If you’ve already decided that you want to start a freight forwarder business, you probably already know the important role freight forwarders play in trucking. To start a freight forwarder business, there are several pieces of equipment that you may need.

Computer

You will need a computer with accounting software and freight forwarder software. Freight forwarder software is available as a browser or software download.

Fax, printer, postage machine

You will also need a copier and a fax machine. A multifunction printer works very well. It gives you everything you need for a business and leaves less space than having multiple machines. It also doesn’t hurt to have a postage scale and postage meter to speed up the process of sending invoices, etc.

Although a typewriter may seem old-fashioned, you may need to fill out pre-printed and multi-part forms. Running your business will do much better with a well-equipped and organized office space. The freight broker works on the commission earned from each transaction, so the better organized the freight broker is, the more money it will make at the end of the day.

One of the challenges many face when starting a broker business is building a client base. As a broker, you will be in contact with many carriers and carriers. The owner of a successful brokerage business will want to make a professional first impression.

Carriers and shippers remind professional brokers that they met their needs quickly and professionally. Matchmaking software was mentioned above as a must have. The software is an excellent management tool. It will provide accounting, customer contacts, and various other programs in one that makes the job much easier.

Because it is designed specifically for brokers, any business that uses it will operate much more efficiently and professionally. To successfully operate your business, you must constantly try to make new contacts by introducing yourself to the thousands of carriers and carriers.