Is a box truck a good investment?
This type of freight business is quite popular as it serves the “less than truckload” (LTL) sector of the transport or freight industry. Now, there’s no doubt that the freight industry is highly lucrative.
However, does this extend to all related sectors like box truck businesses? Please stick with us to find out.
Is Owning a Box Truck Profitable?
The primary aim of starting a business is to make a profit. Of course, such can only be made by providing value.
In other words, there needs to be an exchange of services or products for money. There are tons of business ideas with varying levels of profitability. One of those we’ll be looking at is the box truck.
What can I Do with a Box Truck?
Before we get into the specifics of profitability, let’s consider the general idea of the business.
As the name suggests, box truck businesses utilize a truck attacked with a large, square-shaped box on the back for transportation and delivery of assorted goods.
These primarily serve small businesses and help them keep goods to their destination in excellent condition. Now there are tons of business ideas tied to box truck businesses.
These range from owner-operator models, advertising on box trucks, business partnerships with logistics companies, etc.
Here, it’s evident that such operations and collaborations are beneficial to all parties involved. Without mutual benefit, there’ll hardly be any meaningful exchange. With that said, are box truck businesses profitable?
This article will better answer this in the next section.
Are Box Truck Businesses Profitable?
The answer to this question is a resounding YES!
There’s high potential for profitability when operating a box truck business. However, profitability isn’t automatic; you must work to create a thriving business operation.
Speaking of work, there need to be collaborative efforts between logistics companies or businesses to create demand. You can meet client demands with the right partnerships, bringing in tons of profits.
Without a doubt, it’s evident that box truck businesses are profitable when done right.
How to Make Money with a 26ft Box Truck
As stated earlier, profitability isn’t automatic with box truck businesses.
There need to be deliberate efforts to drive sales. With demand comes profitability. So, what are the strategies to get your first clients and continue building patronage?
Luckily there are multiple ways to achieve this.
These include advertising your business on moving job websites, working with dispatchers, online marketing, and buying a FedEx delivery route.
Additional ways to establish a profitable box truck business include calling or contacting potential clients and renting out your box trucks.
Ever considered buying a bread route? This can be a lucrative strategy for your box truck business.
Mobile advertising and local delivery matching sites are additional ways to make your box truck business more profitable.
Let’s discuss each of these strategies.
i. Advertising your Business on Moving Job Sites
For a box truck business to be profitable, you’ll need to increase its visibility. One way to do that is by advertising it on moving job sites.
Examples include Uship, Thumbtack, and Taskrabbit, among many others. This help connects you with clients or businesses.
By advertising on any of these, businesses can locate you much faster. With more clients come increased sales or profitability.
ii. Working with Dispatchers
Critical partnerships need to be formed to drive sales.
Box truck businesses thrive on such. Truck dispatchers help find loads much easier for box truck business owners or operators.
They function similarly to freight brokers, the only difference being that truck dispatchers represent your business.
To leverage the opportunities offered by truck dispatchers, consider conducting simple online research on truck dispatch services. You should find a list of those you can work with.
iii. Online Marketing
All businesses, including box truck services, require marketing to reach their target market.
While there are different forms of advertising, it’s advantageous to leverage the online space. There are various online marketing options you can take advantage of.
They include creating a great website, making your business visible on Google through “Google my Business,” and using social media channels.
Also, consider registering your box truck business on Yelp.
iv. Buying FedEx Delivery Routes
FedEx routes have offered box truck businesses an avenue to make tons of profits.
This has helped eliminate the worry of finding box truck contracts.
By buying FedEx routes, you’re guaranteed a designated territory that fetches you money for every delivery within your assigned coverage area.
v. Contacting Potential Clients
Not all opportunities are readily accessible.
Some are hidden and require unraveling, as in the case of contacting potential clients. These clients or businesses may have existing delivery providers.
However, they might not be happy with their services.
Contact them to find out if they’re open to patronizing your business and give them reasons.
vi. Renting Out your Truck(s)
You don’t have to be directly involved in driving your box trucks. You can have them rented out to persons seeking box truck jobs.
You can earn profits for rented trucks by advertising your box truck availability. This tends to be more lucrative when you have multiple trucks.
vii. Buying a Bread Route
Like a FedEx delivery route, a bread route also involves buying a path. However, the only difference here is that you’ll need a bread company to do business with.
Buying a bread route ensures you won’t worry about getting box truck contracts. For every sale made, you get to earn a commission.
viii. Mobile Advertising
You can use some brands of box trucks for advertising.
This provides an additional way to earn extra profits by getting contracts from companies interested in advertising on the side of your box truck.
Your box truck becomes a moving billboard while handling your routine delivery services.
Box truck businesses are highly profitable when done right. We’ve seen the different ways to start a thriving operation.
To start on the right path, you’ll need to ensure all regulatory requirements (if any) are fully met before launching your business.