Month: July 2022

Below are seven reasons why driving a truck — either as an owner-operator or for a small freight carrier—might be the perfect career choice.

1. You don’t want to spend years training for a career.

If you’re ready to get working and get paid, a trucking career might be the perfect career choice for you.

Commercial Driver’s License (CDL) training programs take seven weeks to complete. There are different requirements depending on where you work post-training, but you won’t spend years preparing for a career. Instead, you will learn on the road and start earning money quickly.

2. You want to be paid well.

Truck driving careers are known for a great starting salary with excellent growth potential as you gain experience. While the pay varies depending on whether you are an owner-operator or work for a large shipper (like Walmart), the average starting owner-operator salary in the United States currently sits at $48,310. However, it’s not uncommon for those in the trucking industry to earn six figures.

A truck driving job is a great career for those who want to start earning a high annual salary without spending years on training. While there is required training and paperwork that goes into getting your CDL and authority, the pay is often worth it for truck drivers. If you work for a trucking company, there are also no significant upfront costs.

3. You want benefits.

Many truck driver jobs include employee benefits, even entry-level positions. When working for a small, medium, or large carrier, you may be eligible for health insurance, dental and vision coverage, and life insurance if you are a full-time employee.

Some carriers also provide 401(k) or other retirement savings plans, bonus incentives, referral bonuses, and other benefits. Depending on your position and trucking company, these benefits will vary but may include vacation, paid time off (PTO), paid holidays, and overtime.

Owner-operator

4. You want job stability.

Along with great pay, most owner-operators don’t have trouble finding loads. 

Capacity (the number of drivers compared to the number of goods that need to be moved) is especially tight right now, but that depends on the market. As the demand for truckers heightens, you will have many growth opportunities throughout your truck driving career.

Truck driving careers can last a lifetime. There is no shortage of jobs, and according to the US Bureau of Labor Statistics (BLS), there’s no end in sight to the continued need. BLS estimates a 6% job growth through the year 2030.

5. You want to be your own boss.

Have you always dreamed of being your own boss? About one in nine truck drivers in the USA are owner-operators, which means they work for themselves. Owner-operators are responsible for filling their trucks with freight of their choosing (usually found on load boards) and are free to set their own schedules. While they have to maintain their equipment, owner-operators express a love of the freedom that entrepreneurship provides.

You don’t have to work for yourself or own a truck right away. Most commercial drivers start out working for carriers to gain experience. Later in your trucking career, if you choose to own a truck (or several), the business potential is endless.

6. You love to see new places.

Do you have a desire to travel? Did you love road trips when you were younger? If you love to drive and experience new places, long-haul truck driving might be the perfect career choice.

Driving an average of 2,000-3,000 miles per week, professional drivers and owner-operators are some of the most well-traveled professionals in the country.

7. You’re a veteran.

If you’re a veteran and you’re thinking, “Should I become a truck driver,” there are plenty of opportunities. With today’s truck driver shortage and continuing demand for freight shipping, drivers are in high demand.

In 2022, the US government announced the “Trucking Action Plan to Strengthen America’s Workforce,” encouraging veterans to think about truck driving jobs, saying that veterans’ skills and experience are a good fit. The Department of Defense offers opportunities to gain skills and credentials before leaving the service to fast-track veterans to be ready to work.

Other available programs to help transition to a truck driving career include the registered apprentice program, SkillBridge, and Even Exchange from the Department of Transportation. Veterans may also be able to tap into GI Bill benefits to attend truck driving school for becoming a truck driver.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Dropshipping essentially means instead of buying inventory you display products – which are housed in a dropshipping wholesalers warehouse – on your own website.

When the sale is made, you purchase the product from the wholesaler who packs and ships the product directly to your customer. As the retailer, your profit is made from the markup you put on the product. It’s that simple – at least most of the time.

The main advantage of dropshipping for entrepreneurs – especially if they’re new to ecommerce – is that you don’t need to carry any inventory. This significantly reduces both the upfront costs and risk involved with starting your new business.

But, as you can expect, there are some pros and cons to this particular ecommerce business model, so let’s examine them further.

Pros and Cons Of Working With Dropshipping Wholesalers

While a great entry point to the ecommerce industry, dropshipping is not a business model to enter into lightly, as the reality is, you’ll be in near-constant contact with your dropshipping wholesaler.

And working with the wrong supplier can cause you a world of transatlantic problems that you end up trying to solve while making no money. No bueno.

3 Main Pros of Working with Dropshipping Wholesalers

• It costs very little to get started.  This means it’s good for experimenting with ecommerce until you find a profitable niche.
• There are quick and easy expansion opportunities. You can focus on marketing and let your dropshipping wholesaler focus on logistics.
• It’s easy to change niche or market if your idea or marketing campaign fails to take off. Saying that, dropshipping is not without its drawbacks. It’s important to consider these disadvantages, especially if your long-term vision is to build a brand that evolves into a household name.

3 Main Cons of Working with Dropshipping Wholesalers

• You can’t offer a branded experience in your packaging without paying significantly more.
• You’ll have slower shipping times, which means you’ll have to deal with a lot of customer service questions.

• Since you have no idea what’s being shipped to the customer, you can’t be sure of the quality.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Ever wondered which supplier type is best for you and your business? If you are tossing up between a drop shipper and a wholesaler, let this quick guide to the in’s and out’s of drop shippers and wholesalers put your mind at ease!

Wholesalers

What is a wholesaler? Wholesalers are suppliers who connect retailers with products. They buy in bulk from manufacturers and redistribute them.

The best thing about wholesalers: Their wholesale prices mean you earn big profits

When you deal with a wholesaler, you can expect to get some great prices on wholesale bulk lots. Also, the more you buy from them, the better the discounts.

Other benefits:

• A great range of the latest products

• Wholesale suppliers love keeping up with trends just as much as retailers do. That means you can be first to get some of the latest items from the top manufacturers. Good wholesalers regularly attend trade shows and talk with manufacturers in order to keep on top of the latest consumer trends.

• They are reliable

• Once you build a strong relationship with a wholesaler, they can provide you with a long term and reliable supply of items.

• They are happy to work with smaller businesses

• Many wholesalers understand eBay businesses. They understand that you might not have a big budget to start with, and are willing to help you work with you in your early days so that you can grow to become one of their larger clients in time.

• Watch out for: Minimum order quantities

Also known as MOQ’s. MOQs represent the minimum order that individual wholesalers set to determine how much a retailer must buy from them in one single order.

Some minimum orders are set on a per unit basis, i.e., the wholesaler requires that you buy 100 units for example. Other wholesalers might ask you to spend a certain amount of money per order.

MOQs are necessary for wholesalers as they rely on a high volume of sales in order for their business to be profitable. For example, a wholesaler who is distributing paint brushes might only make $0.90c on each sale. Therefore to make it worth their while, they need to sell say, 200 units per order to cover their time spent setting up a new account with you and packaging your order, while still making a profit!

Drop Shippers

What is a drop shipper? A drop shipper is a supplier who works with retailers by stocking, packing and shipping the items directly to the customers on behalf of the retailer.

The best thing about drop shippers: Their unique approach to product distribution virtually eliminates the #1 hurdle faced by retailers: having enough start-up capital. Also, by allowing you to pay for only the items you sell, their distribution model also helps to remove the issue of cash flow which can cripple many retailers.

Other benefits:

• Less packing, more selling

• When you drop ship items, they go directly from your supplier to your buyer. Your supplier takes care of the packaging for you, freeing up more of your time to focus on making more sales.

• You can offer buyers a wider product range

• Because you are not having to invest in inventory, you can create a one-stop shop for your niche market. For example, if you are selling tableware, you can expand into vases and coasters without costing you a thing.

• Risk free risk-taking

• If you have a unique idea for a product that could well be the next hot seller on eBay, but you’re not quite sure if you should go investing in a large wholesale lot, drop shipping is a fantastic solution; you can list the items for sale and do some real-time market research, risk free!

• Watch out for: Tighter profit margins

• The major down side of using a drop shipper is that they add around US$2-$5 to the cost of each item you sell. This is to cover the cost of the time it takes for them to liaise with you, process your payment, and package and ship the item to your buyer.

• This means that your profit margins will be a little tighter than if you were using a wholesaler. To overcome this problem, try selling deep niche items, rather than hot sellers which are very competitive.

Watch out for: Back orders

Ah, back orders. The bain of any drop shipper’s existence.

A back order occurs when you list an item for sale on eBay or wherever you are selling, but your supplier has sold out of the item. This can cause long delays in your buyers getting their item, and sometimes it means you will end up with negative feedback being placed on your account.

Talk to your supplier about what measures they have in place to help prevent back orders occurring.

Quick Recap:

Use a wholesaler if you:

• Have money to invest

• Are ready to build a solid and long term relationship with a supplier

• Don’t mind storing, packing and shipping your own items

Use a drop shipper if you:

• Want to test out new markets or expand your product range

• Have a niche item in mind; You are unlikely to succeed in selling competitive items due to the drop shipping surcharges you will incur

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.