First, I would like to thank the overwhelming number of you that have reached out to me in regards to trying to start a pallet business. Our initial video, was marketing to customers and somehow, we’ve received several dozen calls from across the country from people that’s interested in starting a pallet business or converting their trucking company into a pallet business.
So Today we’re going to discuss how I created a pallet business within my trucking company. I’ve been in the trucking industry since 2004 and in 2016 I decided to start, NV Carriers. I knew prior to starting my trucking company that it’s only 2 ways to make money in trucking. Either haul for a direct shipper or own the freight. Starting out, I pulled brokered freight for the first 45 days until I found my ideal customer.
I refused to haul brokered freight after I found my first customer. I was making 6 figures working part-time 2-3 days a week! Everything was going great for 2 years until the beginning of 2019 it was time to renew my contract with my biggest customer. Meanwhile they hired a new operations manager and he decided to RFP other companies as well as ours and I lost the bid.
2019 Trucking Apocalypse
By this time, I had already added a box truck to our trucking capacity. This truck is used to service other customers. We had contracted this truck for hauling away pallets and other shipping supplies for several of our customers. For many in the trucking industry you understand that 2019 was coined the “Trucking Apocalypse”. Nation-wide, small and medium-sized trucking companies were shutting down left and right.
These closures were primarily due to federal regulations, poor business management and hauling brokered freight. To avoid the fate of so many other companies, I decided to try owning the freight that we hauled. Creating a pallet business within my trucking business saved my company from falling victim to the Trucker’s Apocalypse.
I ended up losing a driver and had a truck that wasn’t making us any money because it was sitting. It was the pallet industry that kept revenue coming into my company. Over time I ended up landing even more contracts and was able to make several thousands of dollars every month.
Create a Division
Initially our trucking website was created to target freight transportation. So, after sitting down with my team, we decided to create a separate division for all of our pallet services. RDU Pallets was created and let me tell you, I wish that I had started this at the beginning!
My mother always taught me to work smarter NOT harder! With separate divisions would require separate websites. So, we launched RDUPallets.com and since launching we’ve been non-stop busy! New Customers, New Contracts and most importantly NEW MONEY!
I got into business to be my own boss and part of being a boss is being able to determine which direction to take your company based on your business plan and the current market. This move has paid off BIG TIME! Now I want to pay it forward and provide this information to other small fleet owners and entrepreneurs. Disclaimer: This course has nothing to do with picking up free pallets!
The Pallet Business 101 Course
The Pallet Business 101 is an online course that teaches entrepreneurs, business owners, and small trucking company fleet owners how to start a used wood recycling business. Our online course is composed of 15 course modules, pdfs, and in the field training.
This course is perfect for those of you that are looking for residual income, trying to make extra profits, starting your own business, looking for a good profitable business idea or just trying to make extra money with a truck. This course will give you everything that you would need to launch your very own profitable business. Our course is designed to teach each business owner how to provide services to businesses for profit.
To find out more visit our course website: https://thepalletbusiness.com
NV Carriers LLC website: https://nvcarriers.com
Raleigh Durham (RDU) Pallets website: https://rdupallets.com