5 Ways to Make Your Truck a Money-Making Machine in 2023

“A skilled craftsman, a glorious life” is a wise old saying! In today’s vibrant market economy, instead of waiting for opportunities to fall into their laps, many young people are bravely starting their own businesses and seeking wealth-building opportunities. Among them, the trucking business has emerged as a promising option, attracting the attention of many. So how do you “steer” your trucking business through the “storms” and “dock” successfully? Let’s explore 5 ways to make your truck a money-making machine in 2023 with “XE TẢI HÀ NỘI”!

5 Fastest Ways to Make Money with Your Truck

1. Independent Trucking – Be Your Own Boss

Independent trucking, also known as “owner-operator,” is the most common form, suitable for those new to the profession. This allows you to be proactive about time, routes, and flexible in finding customers.

Advantages:

• Freedom and autonomy: You are your own boss, arranging your own schedule, routes, and choosing suitable customers.
• Low initial investment: You only need a truck and a suitable driver’s license to start your business.
• Easy access: No complicated legal procedures are required; you can quickly enter the transportation market.

Disadvantages:

• High competition: The independent trucking market is currently very active; you will have to compete fiercely with many other individuals and organizations.
• Difficulty in finding customers: Finding stable customers is a significant challenge for beginners.
• High risk: You are responsible for all problems arising during operation, from vehicle breakdowns to unexpected incidents on the road.

Truck Price List (reference):

Note:

• Choose the right truck type: The demand for transporting goods in Hanoi’s inner districts such as Hoan Kiem, Ba Dinh, and Hai Ba Trung often focuses on vans and light trucks. Meanwhile, medium and heavy trucks are suitable for long-distance and inter-provincial transportation needs.
• Find a stable source of goods: You can join transportation groups and forums, search for information on reputable classified websites, or cooperate with logistics companies to have a stable source of goods.
• Build reputation and personal brand: Always ensure service quality, deliver on time, and offer reasonable prices to build trust with customers.

2. Join a Transportation Cooperative – Strength in Numbers

Transportation cooperatives are a trucking business model chosen by many because of the practical benefits they offer. When joining a cooperative, you will receive support in many aspects, from finding customers, legal procedures to accessing state support policies.

Advantages:

• Easy access to goods sources: Cooperatives often have a large customer network, helping you reduce the burden of finding work.
• Legal and procedural support: You will be guided and supported in completing legal procedures and paperwork related to transportation activities.
• Risk mitigation: The cooperative will share risks with you during operation, giving you more peace of mind in business.

Disadvantages:

• Must comply with cooperative regulations: You must comply with the regulations and rules of the cooperative, which may cause certain limitations.
• Profit sharing: Part of your profit will be shared with the cooperative; however, this also means that you share the risk.

Note:

• Choose a reputable cooperative: Carefully research the cooperative before joining, prioritizing reputable cooperatives with professional and transparent operations.
• Understand your rights and obligations: Carefully learn about your rights and obligations when joining a cooperative to avoid unnecessary disputes.

3. Connect with Transportation Exchanges – Embrace Technology for Success

In the digital age, the trucking business cannot ignore online transportation exchanges. This is an effective bridge, helping you connect with thousands of potential customers every day.

Advantages:

• Access to a vast source of goods: Transportation exchanges attract thousands of visits every day, giving you the opportunity to access abundant and diverse sources of goods.
• Save time and costs: You don’t have to spend a lot of time and effort searching for customers like before.
• Improve business efficiency: Managing orders and tracking transportation routes becomes easier than ever thanks to the smart and modern features of the exchange.

Disadvantages:

• Service fees: You need to pay a certain fee to the exchange to use their services.
• Fierce competition: The number of participants on transportation exchanges is increasing, leading to increasingly high levels of competition.

Note:

• Choose a reputable exchange: Prioritize reputable exchanges that have been operating for a long time and have many positive reviews from users.
• Build a reputable profile: Provide complete information about your vehicle, driver’s license, prices, services, etc., to attract customers’ attention.
• Proactively contact customers: Proactively contact customers to exchange information, negotiate prices, and close deals quickly.