Freight Broker Business
What you'll learn
- Responsibilities of a good freight broker
- Tips to be a successful freight broker
- Ways your freight broker lowers your transportation cost
- How to run a profitable freight brokerage
- How to choose the best freight broker for your company
- Steps to get a freight broker license
- Essential freight broker pointers
- Freight broker software
- No requirement
Freight Brokers are used by the industry to arrange for the transportation required by the shipping company. They act as a link between the shippers and the carrier companies or individual drivers. Most who start in the freight brokerage business think that brokering is trucking. This is common mistake that new brokers make. A freight broker derives a commission for their matchmaking skills. Freight brokers are also known as "truck" brokers, "transportation" brokers and "property " brokers. And the brokerage industry can span not only with trucks, but air, rail ( train) and ocean liners. Freight brokers then search for business, looking for distributors, manufactures, farmers and shippers who use freight broker services to ship their cargo and products through trusted motor carriers. A freight broker job is to approach them and try to identify their budget and delivery needs. Proving yourself as a trustworthy freight broker will create ongoing business with them, as a freight broker all you have is your integrity to market yourself to your clients. A freight broker needs to use good negotiation skills to complete a " competitive" transaction whereby everyone is satisfied.
There are database of transportation profiles where freight brokers can search for new clients. To facilitate this process, the freight broker should have a strong relationship with the motor carriers. In other words, he collect from shippers and pay carriers, less his commission. Motor carriers can be the carrier company which run a large number of truck by hiring truck drivers or can be an independent truck driver knows as an owner operator running his own truck driving business. A freight broker works for commission that he gets for efficiently matching the shipper's load with the right carrier, who will charge a fair price for delivery.
Who this course is for:
- Everybody, companies, individuals, transportation managers, freight brokers, logistics company's, business people, traders etc
My education is centered on business and marketing, I have studied with Chartered Institute of Marketing ( C.I.M-UK) from certificate in marketing, advance certificate in marketing to post graduate diploma in marketing. I proceeded to do master of business administration from central university graduate business school.
I have eighteen years of practical working experience with reputable organisations. The names of these previous organisations I have worked with are Central university Lecturer, Platinum Impex limited, Regional sales/marketing officer, sales/marketing executive, Laine Services Limited. Strict marketing research services chief executive officer/consultant,etc. Iam currently self employed, working as chief executive officer/ consultant of Strict Consult.
I believe in ardent entrepreneurship and always prepare to help business start-up voluntary. In this twenty first century, the customer is king, and every business or student need to understand the customer centric regime. you need the right education and training to understand the customer and deliver to his satisfaction. If you satisfy the customer consistently he will pay your organisation with his loyalty.