Are you a company driver looking to buy your own truck and become an owner operator? Are you curious about how much does an owner operator make? The answers may surprise you. Why do some dry van owner operators make a profit of $45,000 a year while others are making well over $150,000?We’re going to hi-light the ins and outs of becoming an owner operator and how much money you can make if you own your own truck.
How To Become An Owner Operator
How much an owner operator makes depends on how they’ve set up their business. There are 2 ways that an owner operator can work.
Operating under someone else’s authority. Expect to make anywhere from $45,000 – $100,000.
Operating under their own authority. Expect to make anywhere from $55,000 – $150,000.
Let’s talk about working under someone else’s authority first.Even Donal Trump agrees it’s good to become an owner operator!
Owner Operator Under Another Company’s MC Authority
This has its advantages and disadvantages.AdvantagesAdvantages are that you can find yourself a carrier to work with that has amazing connections and a great network of customers, clients and brokers. This will help you immensely, you’ll no longer have to look for shippers or clients. You’ll be hauling top paying loads and will have access to a huge amount of resources. Often times carriers will provide you with a dispatcher and do your invoicing for you as well.DisadvantagesThe disadvantage to this is that the carrier is going to take a large percentage for helping you book these loads. High Fees for Booking Loads!Carrier companies that haul expedited loads or auto parts on average charge anywhere from 20% – 30% of the gross load payment. This means that you own your own truck, but technically, you’re not the boss. You can think of yourself as a contracted employee of a company. Limited GrowthGrowing your company is going to be a lot harder if you work under someone else’s authority.The amount of money you make working for a carrier varies greatly. It depends on the carrier company you work for. Make sure you do your research. If you have any questions you can shoot an e-mail to email@example.com.
Owner Operator Working With Own Authority MC Number
Now let’s talk about working as a dry van owner operator under your own authority. This also comes with its own advantages and disadvantages. AdvantagesThe major advantage of operating under your own authority is that you are 100% your own boss. You’ve opened up your own company, you can grow it as large as you want, or keep it small and comfortable. Very Low Fees For Booking Loads!When you own your own MC, your percentage you pay goes down significantly! Ninja Dispatch charges only 5% gross of the load. They take care of all the paperwork and invoicing so that you can worry about driving. They negotiate on your company’s behalf and are fighting with you in your corner! It’s way better than paying 20%-30% to book loads.Opportunity For GrowthYour company can grow and expand exponentially when you operate under your own MC. You can buy more trucks, hire more drivers and watch profits increase! DisadvantagesThe disadvantage to operating under your own MC Authority is that you will have to start from scratch. You won’t have a carrier with experience to help you out, because you are now that carrier.You will have to find out how to book the best loads using load boards. One can look at this as a disadvantage, or as a hurdle you have to overcome as an entrepreneur. You’ll have to work much harder, however your success will be your own and you will have unlimited earning potential! Partnering with Ninja Dispatch can give you the upper hand to success. Dry Van owner operators that operate under their own authority can profit anywhere from $55,000 to more than $125,000 in a year!
Conclusion: How Much Does An Owner Operator Make?
How much you can make as an owner operator is entirely up to you and how you want to set up your business. As you can see in the article the profit per year can be anywhere from $45,000 and up! Working under a carriers’ MC Authority number you’ll have access to great accounts without having to do extra work like invoicing and dispatching.Working under your own MC Authority you’ll be able to grow your business as much as you want! It’d be best to partner with a company like Ninja Dispatch to help your company for a low fee!Our suggestion is that you don’t be like Michael Jackson. Be careful who you work with. You’re the driver and deserve to keep a majority of the money! Work with a company like Ninja Dispatch for 5% of the load. No risk and no commitment. What do you think? Leave a comment below about how much money an owner operator makes in 2018. If you have any questions please e-mail us at firstname.lastname@example.org. If you’re looking to become an owner operator get in touch and we can help you with the entire process! Visit us at https://ninjadispatch.com!