Lessons I Learned Buying My First 26 ft Box Truck with Cash and Starting a Box Trucking Company

Поділитися
Вставка
  • Опубліковано 8 січ 2025

КОМЕНТАРІ • 190

  • @CaroletteWright1
    @CaroletteWright1  10 місяців тому +7

    Any questions? Leave a comment below if you need more information on starting a box truck business.
    Be sure to Join the Waiting List for to get notified once completed
    carolettewright.ck.page/waiting-list

    • @vivvasbill
      @vivvasbill 10 місяців тому +2

      I m on the process of starting my trucking, so I have learned a lot from this video. But I still have a lot of questions.

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому

      @@vivvasbillSure. What questions do you have?

    • @vivvasbill
      @vivvasbill 10 місяців тому +1

      @@CaroletteWright1 I reached out to you on IG, but I want to know more about the agent that you need to pay to get your authority and insurance compliances

    • @intellectambition5041
      @intellectambition5041 10 місяців тому +3

      Hello I came across your video and I just wanna say thank you for all these information, I started a restaurant business and, I wanted to start something else that would be more profitable and trucking and as one of the things that’s came across my mind, with that being said I think your video popped up for a great reason that would be beneficial to me.. I would love to learn more from you please
      Getting into a trucking business how do you get jobs, does I need to get a broker, what’s steps do I need to take ? Thanks in advance.

    • @moniquebrown1233
      @moniquebrown1233 10 місяців тому +1

      How to stay above ground with dispatchers snatching the loads? Owner/ operator is my position

  • @KentBrono
    @KentBrono Місяць тому +83

    I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. whilst working with an advisor like Julianne Iwersen Niemann. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well. Trust me starting and maintaining a profitable business starts with properly managing your finance.

    • @TinaMyles
      @TinaMyles Місяць тому +1

      I owned 3 laundromats in SF. The biggest 3 issues? The Lease, the lease and the lease. Got screwed by two owners that didn't renew the lease. If you own the building, different story. Probably, it will not be bad to work with your advisor

    • @BaffySchenck
      @BaffySchenck Місяць тому +1

      thanks for talking about your situation. Definitely helps a young and desperate poor guy like me to stay encouraged in striving to achieve my first ever owned business ... 240 gr. < - electric, water, mechanical, supplies, janitorial, city taxes, county taxes, insurance, business license heat, cooling costs & misc.. = ? . these taxes really want to make me work with a CFA. so that i can know how to joggle my way through. how do i reach her

    • @BaffySchenck
      @BaffySchenck Місяць тому +1

      Thank you for sharing, I must say, Julianne appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

    • @MablePauls
      @MablePauls Місяць тому +1

      Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word

  • @Invertmini1212
    @Invertmini1212 8 місяців тому +51

    If you're gonna get into this business thinking outside the box is key to being successful.. Dont be scared to get on the phone or go in person and work with customers directly especially if you're local. You will be saving them money cutting out the broker and putting money in your pocket avoiding a broker/dispatch service.. Also if you're delivering ask for a Logistics/Warehouse manager seeing if you can bid on some of their lanes, its an easier conversation while already there. I was a broker for 7 years and worked with all the big box stores all across the US, if you have questions just ask.

    • @ricardobriceno8805
      @ricardobriceno8805 6 місяців тому +2

      Hey men i gotta say that your comment has been really helpful and i appreciate that is with the intention of helping other in this business... I have 2 questions since a long time ago and now that im about to start Id appreciate your advice... do you think that i would be able to do local loads in the Chicago area after 6 months of doing Over the road? also do you think that a reefer box truck has a big difference in better opportunities than a dry one? Thanks in advance!

    • @fabriennejoseph4013
      @fabriennejoseph4013 4 місяці тому

      I have a lot of questions. I’m just starting out so I’m very new to the game.

    • @gabrielromero4887
      @gabrielromero4887 3 місяці тому

      I just started my business

  • @calebcolon5144
    @calebcolon5144 9 місяців тому +6

    You are the best.. great advice. Thank you for sharing your knowledge and wisdom. I'm new to the box truck business and need all the help I can get.. thank you mam.

  • @raylamarr2028
    @raylamarr2028 9 місяців тому +3

    I'm starting a box truck service and I enjoyed your video I would like to learn more about it

  • @theresadurham4790
    @theresadurham4790 10 місяців тому +6

    Thanks, we are trying to start a new business. Need all the help we can get.

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +3

      @thresadurham4790 When you’re ready visit me on Instagram and schedule time for us to talk. Link is in the profile above.

  • @michaelbrickhouse4401
    @michaelbrickhouse4401 10 місяців тому +7

    Thanks for the information you are a very knowledgeable lady.

  • @brandonrosborough9295
    @brandonrosborough9295 11 днів тому +1

    That you for your time. I like how you explain things. Appreciate it

  • @black12212
    @black12212 6 місяців тому +5

    Sister handling business. Gotta Love it ✊🏾

  • @bossstyle9_to_58
    @bossstyle9_to_58 10 місяців тому +4

    Thank you for the information! I'm in the process of starting a box truck business. Great video!

  • @christianflowers5555
    @christianflowers5555 4 місяці тому +1

    I’m just starting and my mom is helping me she ran across your page thank you for this video

  • @stefletti6637
    @stefletti6637 10 місяців тому +4

    Thank you sister this was helpful

  • @franckbouah4057
    @franckbouah4057 9 місяців тому +4

    Hello Dear, thank you for being very informative , do you offer management services?

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Coaching, not management. It’s a bit much to manage other trucking companies. 🙂

  • @mitchellhleonardi8139
    @mitchellhleonardi8139 3 місяці тому +1

    Thank you for your knowledge and making the video.

  • @Acemafi1700
    @Acemafi1700 10 місяців тому +11

    As somebody who is new to the owner-operator side of the trucking industry. I have some questions, when financing a box truck or even a semi truck, should I put 10-20k to get the truck financed? Or would it be more lucrative for me to put that 10-20k in an LLC account for collateral on business credit? Then use the business credit to get the truck?

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +7

      Great question.
      This question is layered, because you have options and your choices can get complex.
      I’ll create a video explaining my response. Your question deserves a greater explanation. I’ll let you know once it’s posted.

    • @rigobertoespinoza1685
      @rigobertoespinoza1685 10 місяців тому +1

      Just get it fianced if your new to business how you gonna be having business credit already lol

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +4

      New businesses can get business credit, but there are requirements. 😉

    • @rigobertoespinoza1685
      @rigobertoespinoza1685 10 місяців тому +4

      @@CaroletteWright1 how is that possible if you dont even have income proof

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +4

      @rigobertoespinoza1685
      I never assumed zero income proof. I agree you’ll need something as collateral. Job, contract, business revenue, assets. 🙂

  • @KAA36777
    @KAA36777 Місяць тому +1

    Great video 💯 very concise I am interested in the business

  • @timollarnold4912
    @timollarnold4912 6 місяців тому +1

    Your my new mentor
    Thank you so much

  • @dj1835
    @dj1835 10 місяців тому +3

    Thank you for this information 😇

  • @RobertMore-f5l
    @RobertMore-f5l 5 місяців тому +1

    Thanks for that info it's important 🎉

  • @myamaxine457
    @myamaxine457 10 місяців тому +1

    Thank you for the helpful information!

  • @gabrielrosales7386
    @gabrielrosales7386 10 місяців тому +3

    I’m looking to partner with my friend and we are saving up money to start the business and buy a truck. Can you tell me how much you would recommend us to have to start the biz with.

  • @calidude5116
    @calidude5116 9 місяців тому +3

    If you have a driver how much do you net per month?

  • @chuck9380
    @chuck9380 10 місяців тому +2

    Great video

  • @sunburn8640
    @sunburn8640 Місяць тому +2

    Great video. But I have a couple questions. I have no business credit and my personal credit is shit. However , I do have enough $ to buy a truck for around $60k. That would leave me with about $50k cash on hand. So you think those variables are enough to get me business credit ? If so how much? Also, you mentioned that you should have 2-3 times the amount the purchase price of your truck in savings. Does this mean I need $150k in the bank?
    Thanks! And congrats on your fabulous success. Amazing

    • @CaroletteWright1
      @CaroletteWright1  День тому

      You may want to get a really good, repossessed truck at an auction for less, and minimize your risks if you seek to enter trucking.

    • @CaroletteWright1
      @CaroletteWright1  4 години тому

      I just posted a new video for those who need additional help.

  • @roderickelam9291
    @roderickelam9291 Місяць тому +1

    Hello, I have a question if you could answer for me, how should your FM CSA read once you’re finished should it read operate as a property broker general freight or did I pick the wrong property for hire?

    • @angelaw.7011
      @angelaw.7011 12 днів тому +1

      You can call them, they will walk you through on how to withdraw it

    • @CaroletteWright1
      @CaroletteWright1  День тому

      It should say ‘for hire’
      If you have “broker” you have the wrong authority for owning and driving trucks.

  • @kb-qd3sm
    @kb-qd3sm 3 місяці тому +1

    Thank you!

  • @annwithLLWP
    @annwithLLWP 5 місяців тому +1

    Thanks for this!!

  • @KevinG1994
    @KevinG1994 4 місяці тому +1

    Difference between buying a 26k GVWR vs 33k? I’m in NY.
    Is it just Ifta and hut?

  • @intellectambition5041
    @intellectambition5041 10 місяців тому +2

    Hello I came across your video and I just wanna say thank you for all these information, I started a restaurant business and, I wanted to start something else that would be more profitable and trucking and as one of the things that’s came across my mind, with that being said I think your video popped up for a great reason that would be beneficial to me.. I would love to learn more from you please
    Getting into a trucking business how do you get jobs, does I need to get a broker, what’s steps do I need to take ? Thanks in advance.

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +1

      When you’re ready visit me on Instagram and schedule time for us to talk. Link is in the profile section above.

  • @Leboujaetherebl
    @Leboujaetherebl 9 місяців тому +3

    Hello, I am a new subscriber! I just started my business but there is so many things I have to learn. I having issues with insurance because they say I need to have the vehicle already in order to get insurance. But I decided to go the rental route starting off before purchasing my first truck. The rental companies have commercial insurance. So is it necessary for me to obtain my own insurance even though the rental companies offer it?? Is it the same type of coverage and insurance??

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Yes, you need insurance outside of the rental company. That insurance is for the rental companies benefit, you need cargo insurance as well.

  • @HouseOfTunesTV
    @HouseOfTunesTV 10 місяців тому +1

    Good information

  • @kirondehearn6601
    @kirondehearn6601 9 місяців тому +1

    Great information. Do you mentor or help others start up initially?

    • @CaroletteWright1
      @CaroletteWright1  День тому

      I’m launching a group coaching program for a limited number of students.

  • @BeastSpedUP
    @BeastSpedUP 5 місяців тому +1

    My mother last night is Wright but my family is from Jamaica

    • @CaroletteWright1
      @CaroletteWright1  День тому +1

      My husband is Jamaican. 🙂

    • @BeastSpedUP
      @BeastSpedUP День тому +1

      @ oh okay that’s dope .. I enjoy watching your videos btw

    • @CaroletteWright1
      @CaroletteWright1  День тому

      @BeastSpedUP thank you! Glad they are helpful

  • @samuelngatiri3249
    @samuelngatiri3249 10 місяців тому +4

    10k good to start i realy need this bizz

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +14

      You will need more than 10K to start your box truck business as a buyer. If you decide to rent, you may be able to flip this but you need to start ASAP because rentals can be costly. Your credit score and driving record will determine your truck rental premium, be mindful you need to have an opportunity ready before you start spending money.

  • @sincerelyvalisa6124
    @sincerelyvalisa6124 2 дні тому +1

    Do you do consulting? My mom and I are interested in doing this.

    • @CaroletteWright1
      @CaroletteWright1  День тому

      @sincerelyvalisa6124 you’re right on time. I am launching my group coaching program. I’ll send you more details shortly so we can talk.

    • @CaroletteWright1
      @CaroletteWright1  4 години тому

      Application link is in the description of the new video

  • @deansfamilylegacy4439
    @deansfamilylegacy4439 9 днів тому +1

    Do you have to get insurance before getting authority

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Correct. You cannot get an authority without meeting the minimal insurance requirements.

  • @kaseym6359
    @kaseym6359 5 місяців тому +1

    How much cost to buy a truck how we get the business thank you what are you doing?

  • @patrickfreeman3104
    @patrickfreeman3104 10 місяців тому +1

    Hello Thank You For Share information. I am trying to start a new business. Need all the help I can get Thank You.

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому

      Whenever you’re ready, I’ll be waiting!

  • @RobertBrown-ej8mk
    @RobertBrown-ej8mk Місяць тому +1

    Is your information for California or do you have a your business in a other state thank you

    • @CaroletteWright1
      @CaroletteWright1  День тому

      The business is registered in a different state. The FMCSA authority covers 48 states.

  • @leejamaa
    @leejamaa 7 місяців тому +1

    More about ur tags for weight under 26000?

  • @cedricnlandu8330
    @cedricnlandu8330 10 місяців тому +3

    It can be very lucrative if you know what you're doing

  • @Jermaine-uj5jd
    @Jermaine-uj5jd 4 місяці тому +1

    THANKS!!!!!

  • @BenzFriendz
    @BenzFriendz 7 місяців тому +1

    Can you guys recommend reputable Lease-on authority companies? I'm looking to run under someone else authority. Thank you all!!!

    • @fredsanford8673
      @fredsanford8673 6 місяців тому

      I have authority jus got might do some leasing with the right client

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Unfortunately I cannot. But most companies you drive for as an owner operator, you’ll lease under.

  • @dameyboi3924
    @dameyboi3924 5 місяців тому +1

    We need to link.

  • @jeannana2020
    @jeannana2020 10 місяців тому +1

    Do i need insurance to apply for mc or dot on Fmcsa? At what point will i need those things

    • @amargacanica1042
      @amargacanica1042 10 місяців тому +1

      Immediately

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +3

      Don’t buy insurance until you know the market you’ll serve. Next buy the truck. Once completed, then apply with the FMCSA for your DOT and Authority.

  • @chrisdamian3824
    @chrisdamian3824 25 днів тому +1

    How do I get loads being a new authority?

    • @CaroletteWright1
      @CaroletteWright1  День тому

      There are a small list of companies that accept new authorities.

  • @michaellampkin8206
    @michaellampkin8206 25 днів тому +1

    Starting your business how much would you pay yourself

    • @CaroletteWright1
      @CaroletteWright1  День тому

      At first, I paid mused zero. But then I found myself mad and complaining all the time. 😊
      Then I paid my self enough to replace my 9-5 salary, and as the business profiting I increased my pay.

  • @dooneyincorporated6064
    @dooneyincorporated6064 Місяць тому +1

    Do uou do mentorships?

  • @tgtv4306
    @tgtv4306 10 місяців тому +1

    What asset base lending company do you suggest?

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +1

      The company is called AFS. Unfortunately, I just found out that my contact has moved over to aircraft equipment financing. She is no longer available.
      You may still check and see if they can help or refer you out if you’d like. The owner’s name is Jeff.

  • @harrydai1862
    @harrydai1862 2 місяці тому +1

    You had to get the Benz in the shot ?

  • @invisibletraveler786
    @invisibletraveler786 5 місяців тому +1

    I am looking for job mum as a driver, any vacancies at your company? I will really appreciate 🙏

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Unfortunately I do not. I’m
      Sure you’d be a great driver!

  • @Truthseeekerr
    @Truthseeekerr 6 місяців тому +1

    No activity for a while..... rutrohh (Scooby voice)

  • @raphaelharbin9290
    @raphaelharbin9290 2 місяці тому +1

    Do you do personal 1 on 1s consultations?

  • @anthonycarranza8342
    @anthonycarranza8342 10 місяців тому +1

    How did you start getting loads?

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +2

      I just made a video on how I found loads. It will post next Wednesday.

  • @Reeldeal818
    @Reeldeal818 10 місяців тому +1

    How do you get box truck contacts!

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому

      Great question. Please Checkout my most recent video for the answer. 😉

  • @balancedscales3420
    @balancedscales3420 5 місяців тому +1

    where did you purchase your first box truck?

  • @Lucasmoreup
    @Lucasmoreup 5 місяців тому +1

    Can you be local in state?

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Yes, but you only will need a DOT number, not a FMCSA MC Number.

  • @dindimichael9340
    @dindimichael9340 9 місяців тому +1

    Are you currently hiring drivers?

  • @crownchrist
    @crownchrist 10 місяців тому +1

    What is the difference with your biz box truck & semi -tractor -trailer OTR type of biz ?

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +1

      Box truck OTR has less DOT & FMCSA regulations, no IFTA, no clearinghouse requirements, and more drivers available (CDL plus Non CDL) just to name a few differences. All dry van freight is competitive. You need a niche, a specialty, and great service standards.

  • @ismailcigerli3456
    @ismailcigerli3456 8 місяців тому +2

    Best insurance is Canal not progressive

  • @pdavis4436
    @pdavis4436 10 місяців тому +1

    Is there any help for veterans looking for grants

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +1

      I am an active duty military spouse. I know there are programs for veterans. I’ll research what I find and share. 🙂

  • @trapphouseslots777
    @trapphouseslots777 3 місяці тому +1

    Can I do this I’m 13 years old.

  • @azmeragere7947
    @azmeragere7947 29 днів тому +1

    I am available to be a driver I live in Dallas tx

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Thank you. I’m no longer accepting any new drivers. 😊
      I’m sure you’d be amazing!

  • @LyfeofLeelee
    @LyfeofLeelee 10 місяців тому +2

    I have a 2018 Freightliner M2 box truck for sale $60,500. Willing to do lease to own.

    • @overtimegrind2378
      @overtimegrind2378 7 місяців тому

      How many miles are on it and what state are you in

    • @LyfeofLeelee
      @LyfeofLeelee 7 місяців тому

      @@overtimegrind2378 280,000 miles and I’m in SC. We reduced the price to $55,500

  • @ybgbrilliant7155
    @ybgbrilliant7155 10 місяців тому +1

    I’m available if you need any drivers

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +1

      Thank you. I appreciate that! I will
      keep this in mind over the coming weeks. Kindest regards, 🙂

  • @fivestarsanjib3724
    @fivestarsanjib3724 3 місяці тому +1

    My name is Sanjeev Saha, I am a Hindu citizen, my country is Bangladesh, I am doing business of Bangladesh box truck but our country security is very lack of government so I want to come abroad I want to work with this box truck and have many ideas about this box truck. Yes, if it is possible for me to work in your company by invitation, then let me know, I honestly want to work in your company, pay the salary that is given to everyone.

    • @CaroletteWright1
      @CaroletteWright1  День тому

      Thanks for the offer. I’m currently not accepting drivers! I’m wishing you all the best!

  • @moroccoabdul-haqq181
    @moroccoabdul-haqq181 10 місяців тому +1

  • @ocnmind
    @ocnmind 8 місяців тому +1

  • @KelvinMick-q5u
    @KelvinMick-q5u 8 місяців тому +1

    I got my authority in 1 day through a 3rd party company

    • @djackson9488
      @djackson9488 7 місяців тому +1

      Which company was that

    • @KelvinMick-q5u
      @KelvinMick-q5u 7 місяців тому

      @@djackson9488 TBS but I should mention you still have to wait the 21 days but going through FMSCA it can still be up to 90 days

    • @ybhkeed
      @ybhkeed 5 місяців тому

      👀

  • @moniquebrown1233
    @moniquebrown1233 10 місяців тому +1

    I have a 2028 box truck for sell, located in NC ❤❤

    • @davidkinkaku9943
      @davidkinkaku9943 10 місяців тому +2

      How much?

    • @MAXED-TRUCKING
      @MAXED-TRUCKING 10 місяців тому +4

      ​@@davidkinkaku9943 I'm sure it's a pretty penny. Got a 4 year jump start on the warranty expiring 😂

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому

      @moniquebrown1233 Did you mean to type 2028?

    • @1986Glory
      @1986Glory 9 місяців тому +1

      Dang you in the future then I’m still in 2024 so what’s it like in 2028 are flying cars available

  • @intelliquick2639
    @intelliquick2639 10 місяців тому +6

    It’s NOT WORTH IT market trend is loud and clear

    • @CaroletteWright1
      @CaroletteWright1  10 місяців тому +5

      I thought markets were suppose to trend?

    • @intelliquick2639
      @intelliquick2639 10 місяців тому +1

      Correct but trucking is a high risk business and I think it’s important to empathize that for newbies watching .
      Reason 1. Although you correct market are meant to trend we have not seeing a consistency of wealth building off trucking especially for investors
      2. What trucking is consistent for. Is cash flow however a lot of trucking companies having accumulate high debt due to constant mechanical issues and fuel price inconsistency dat can’t be controlled by human regulation
      3 . Insurance prices are so high wit car note and down payment dat it could take u a while to recoup
      4 you on a load board competing with vets in the game and it’s only 1 may 2 broker that’s allowing you to work at extremely underpaid rates
      So if u do abt 300 to 1600 perload on low end u do 3500 to maybe 6k then fuel per week if your lucky u profit 1k den u have to pay urself n business
      5. The MC had to mature which is abt 90 days for more access 6 months for even knocking at the door and 1 year to kicking in the door so you will need some strong access to cash flow n end goal or mind set should be 18 wheeler in my opening cause the rates makes more sense and I did both
      Disclaimer u could make some money n could b fine but you need to do some soul searching and don’t get caught up in the glits b glamour this could clean out ur account if not well accounted for you have to be a shark n remember u will neva Eva Eva get bak price of what you pay for the truck so u gonna be loosing if u not earning I’m done thank you

    • @TheMadMax1000
      @TheMadMax1000 10 місяців тому +33

      Nothing can be on the bottom forever, scared money makes no money.

    • @deaf2819
      @deaf2819 10 місяців тому +1

      The intelli part of the name can’t reference intelligence right? Because…yea.

    • @boldbosstv5602
      @boldbosstv5602 10 місяців тому +5

      Get rid of the greedy brokers and it will be good

  • @Brattenjames17
    @Brattenjames17 9 місяців тому +2

    I'm in Maryland 21801

  • @brattenjames223
    @brattenjames223 10 місяців тому +1

    I'm available anytime to be a driver.

    • @pdavis4436
      @pdavis4436 10 місяців тому

      Where are you located

  • @matthewsmith1546
    @matthewsmith1546 3 місяці тому +1

    Thank you so much the insight