There is a growing marketplace for movement of commercial goods and products. Because of urbanization and a steep rise in trade volumes, delivery services promise competitive but lucrative business.
Seriously considering a truck delivery business? We help you get to the basics with these questions.
1. What Type of Product/s Will You Deliver?
Deciding on the product you will be delivering sets the foundation for your entire operation. Will you be transporting small items that one person can handle? Will you be delivering bigger cargo like furniture that will require more people? Will you be tapping manufacturing businesses and wholesale companies and help them supply products to their clients?
2. Have You Thoroughly Researched Your Market?
As previously mentioned, truck delivery businesses deal with tough competition. Every business out there is looking to use all market data to their advantage, and so should you. Find delivery companies that are hiring individual contractors for their product deliveries; they are your source of products and provide you with customers to deliver the goods to.
You can start doing market research within your locality. Set the area you will be covering. As you consider fuel, routes, and traffic patterns, you can set your prices and determine how these factors can impact your ROI.
3. What Type of Truck/s Will You Need?
Do you need a cargo box for carrying and moving equipment? Maybe you need a cargo van for less cargo capacity? Perhaps you have heard about the top features of Mitsubishi FE160 diesel trucks for delivery businesses but might want to start out with cab and chassis and customize your vehicle?
When you are first starting out, look for used trucks for sale and used vans for sale from a reputable dealership. A pre-owned truck or van offers flexibility as you adjust to the needs of your new business. Finding the right one for your business can prove to be a challenge, so talk to a reputable dealership that can help you navigate your options.
4. What Other Truck Investments Should You Make?
Proper loading equipment requirements dictate that you use well maintained (and required capacity) equipment at all times. This includes liftgate, loading ramps, and tie down equipment.. Use only approved materials for fastening your cargo. Obtain the best tools to make the job not only easy but also safe.
When it’s time to get your truck checked, you don’t just settle for truck repair services anywhere. Leave your vehicle in the hands of capable, experienced and reputable truck mechanics with a reputation for quality and fast repair and maintenance services that don’t break the bank.
5. Have You Looked into Licensing?
Compliance (or non-compliance) with licensing laws can make our break your business. Obtain your business license/s from the local or state government. Get your commercial driver’s license and other permits for authority to provide professional delivery service. Your employees, if any, should abide by these rules as well.
6. Do You Know the Steps to Becoming Fully Insured?
Your delivery business will need insurance for your truck and cargo. You will require liability insurance as well. If you hire people, get a compensation insurance.
Factors that typically affect your insurance cost include the size, type, industry, location, and the perceived risk of your business. Find out about the suitable type of insurance for your business. Ask your commercial insurance broker about getting your business fully insured.
Your insurance policies offer you peace of mind in many ways. They don’t only protect your business from the headaches and the expenses you’ll incur in case of accidents; they help you build trust with your customers and employees as well. Keep your insurance always up-to-date.
7. How Will You Handle Your Invoicing and Accounting?
Small business owners these days have easy-to-use programs for recording financial data, general accounting, invoicing, and payroll. Some also hire a small accounting to do their financial paperwork. Weigh your options to determine the best strategy or tool for getting your business finances in order.
8. How Will You Market Your Delivery Service?
Now that everything is set, you continuously need to get the word out there about your business. Use all platforms—online included—to reach your target market.
Distribute your fliers, make calls, and create a great website with details of your services. Network with those who will prove to be valuable in growing your delivery service.
Truck-n-Trailer, your trusted used and new commercial truck and van dealership in Oklahoma City, carries a full inventory of Mitsubishi FUSO diesel trucks!
Call us today and let us help you get started with your new delivery service!