Freight Forwarding Business Setup Costs
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- Опубліковано 12 січ 2023
- Alan Bracken from ABTS® discusses starting up a freight forwarding business setup costs that you might expect and should prepare for.
See the other videos in our Freight Forwarding Business series:
How To Find Freight Forwarding Clients: • How To Find Clients Fo...
Start Your Own Freight Forwarding Business: ua-cam.com/users/liveeXrQEmJVZjU
For more information see the ABTS® Website: www.abtslogistics.co.uk/
For more FREE, practical knowledge on various import export subjects check out our blog: www.abtslogistics.co.uk/blog/
Online Premium Courses:
If you're really serious about starting your own import export business or getting into it as a career, check out our premium online courses:
Export Documentation and Procedure: www.abtslogistics.co.uk/full-...
Become a Successful Export Agent: www.abtslogistics.co.uk/impor...
How To Buy and Sell Using a Letter of Credit: www.abtslogistics.co.uk/lette...
thank you, you are wonderful person ❤
Thank you very much indeed for your kind comment.
Hello from NZ
I'm currently a studying freight forwarding. Thank you for your videos keep up the great content. Bless you for taking time to share your knowledge. Take care of yourself 💖
Hello George, thank you so much for your comment and support. It’s much appreciated and motivates me to make more videos. All the best!
From where you study, work or in an institution?
bless you, for sharing your knowledge and great wisdom!
My pleasure and thank you for your kind comment. I hope our channel is helping you.
Sir well done for providing us such a valuable information.
You’re very welcome and hope it helps.
Thanks a lot really. Sharing your rich experience means a lot sir
So nice of you
I am a new staff in a Freight Forwarding company ang I watch your videos for advice. Thank you❤
So happy to hear and thank you for your comment. I hope our videos are helping you.
Same here:)
How is your work going? It`s been 9 months so I guess you learned the ropes of that business already?
Thanks for the insights ❤
You’re very welcome, I hope they are helpful to you.
Thanks So much for this video, it is amazing,...
You’re very welcome and I’m so glad you found it helpful.
Good one, really helpful.
So glad to hear it helped you Moniue.
Hi! Great video! Are you able to make a video explaining what exactly is a ‘Letter of Credit’ and the importance and process of it and why does one need that? Thanks!
Hello, have you seen our Letter of Credit video here?: ua-cam.com/video/t3Q_4IvbdO8/v-deo.html
This may help and answer those questions?
Thank you for your video ! It would be interesting to see and hear your opinion for contracts between my company and client.
Thanks for the suggestion, I'm not sure what you mean about contracts between company and client? Can you be more specific? I'm not a contract lawyer but can see if I can do anything.
@@ABTS Sorry, I will try to be more specific. Under contract I meant terms which both parties should fulfill. Like when someone ask you for transportation services, you as a company will sign a contract with that client. You partially mentioned some interesting part in terms of payment in previous video, which is also part of contract/agreement.
@@gatolinsor Hello, I'm still not quite sure but are you referring to Incoterms 2020? This outlines where the risk passes from the seller to the buyer. Payments, you may be referring to a video that we did on Letters of Credit?
Greeting from Yemen
Thank you!
Thank you so much for your really educational videos. 🙏.
I actually have a question.
What is the process to setup a freight forwarding company in a country where import system works more than export. Even 80-90 percent of the goods are being imported to my country. And I really want to setup a freight forwarding business from the point of importers...
😊
Hi @gryphontv4504 - if you want to help importers import their goods into your country you would need to become an import agent. I don't know the country you're located in so can't give specific advice.
Hi Sir, thanks for sharing your experience. You didn't mention IT or software costs, isn't it necessary for booking and tracking shipments? Like to hear your thoughts about ITS cost fora start-up forwarding company. Thanks!
Hi Suyang, you make a great point but I didn't include here as it may not be essential for startups. Track and trace is free, provided by the carrier and costs can be kept track of with a spreadsheet initially. Of course as business grows and more cashflow is generated it may well be necessary to integrate some accounting software.
Good day Alan, which of your courses is best recommended for a start up freight forwarder?
Hello! The best course for a start up freight forwarder is our Export Documentation online course. Please see details of this here:
www.abtslogistics.co.uk/full-syllabus/
can you please make a video on verifying suppliers and how to buy safely!
Hello! Please see our blog here that gives some of the basics on sourcing internationally: www.abtslogistics.co.uk/sourcing/. I hope it helps.
Hello there and good day Sir! Thank you so much for taking the time to educate us. I am following you from South Africa.
My question is, as a beginner freight forwarder, if I choose to work with neutral freight wholesalers (NVOCCs) will a deposit still be needed in this case since I won’t be booking directly with the shipping line? And what are the requirements of working with neutral NVOCCs?
Hi T&T, it would be unusual for an NVOCC to ask for a deposit, however if they did, try and negotiate it out by offering continuous business. Hope this tip helps.
@@ABTS Good day Sir! Oh ok I follow, am answered thank you.. My name is Julian by way.. Enjoy the rest of your day.
Thanks you 😊
You’re very welcome
@@ABTS Are you have any course export good to EU from GB,? Thanks 👍
@@gundarsnuka6921 Yes indeed, we have an online course that will teach how to export from the EU to UK. Please see the syllabus here: www.abtslogistics.co.uk/full-syllabus/
@@ABTS Thank you.also this same course will be from GB to EU export goods?
@@gundarsnuka6921 Yes it will, it will actually teach you to import export worldwide and includes one-to-one support so we are available to answer your questions.
Hello - greetings from India. I went to your website as I am considering enrolling in your course. I saw that if I click on the enroll now button, it says enrollment will only open on Feb 27. Is there any way you may consider bringing up your enrolment date forward a little bit? Thanks
Hello! Thanks for you question. Please contact us and we will do our best to enroll you as soon as we can: www.abtslogistics.co.uk/contact-us/
Happy Nee Year Alan. Though maybe a little late. My Alchemist I write this while driving my semi through Virginia US. I have 4 clients who want to give me $ to import products for them but I am not comfortable grabbing $ without vetting suppliers who I am in contact with. I have reach out to Chambers of commerce but no answer yet. They have giving me their VAT (EIN equal in US which I know how to check) How can I check in Europe? Thank you for your videos. Forever blessings Alchemist!
Hi Alchemist, thanks for your comment. I'm not 100% sure of what your asking but I will answer as best I can. If you want to check VAT numbers of companies in the UK, us this link: www.tax.service.gov.uk/check-vat-number/enter-vat-details. For Europe, I believe you can use this link: ec.europa.eu/taxation_customs/vies/.
Also, if you contact the embassy of the country you need the details of the company in, and speak to their commercial department and they can usually help. Let me know if this answers your questions or not. All the best, drive safe!
Do you teach freight forwarding in the oil and gas trade from UK to Africa.
Hi @ethiscalproperties, we don't unfortunately, That's very different as it involved chartering and we don't dive into this on our courses.
Your video series is wonderful. Please do take care of your diet and get some exercise, sir - I hope you are healthy for a good time to come.
Thank you Jojo, I don’t plan on going anywhere for quite some time yet! 😁
Hello sir, can you please share your email id. We have few queries and would like to seek your guidance... many thanks..
Sure, you can find our contact details here: www.abtslogistics.co.uk/contact-us/. Thank you.