All Your Factoring Questions Answered | Step By Step Instructions

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All Your Factoring Questions Answered | Step By Step Instructions | the Boxtruck Couple

Рет қаралды 11,627

Күн бұрын

#boxtruckcouple #boxtruckowneroperator #boxtruckbusiness
Hi and welcome to the channel
NEED FACTORING : www.rtsinc.com...
RTS IS THE BEST IN FREIGHT FACTORING
🚚 Keep Truckin’
Edward Jones
email: edward.jones@keeptruckin.com
Phone number: 213-568-6771
Hey Family
We receive a lot of questions about how we got started in the business so I wanted to take a moment to share the steps we took to get started. All the links mentioned in this video are listed below
Want to learn about this business?
To schedule a consultation : calendly.com/b...
1️⃣Register your business
Search google: “[your state] Secretary of State”
Active Filings : activefilings....
Or use LegalZoom: forhire.pro/Leg...
Cost varies by state
2️⃣Request an EIN (Tax ID)
IRS website: forhire.pro/EIN
Free if you do it yourself
LegalZoom can include this if you go through them
3️⃣Setup a bank account and sign up for QuickBooks
QuickBooks - $7/month: fbuy.me/v/chris...
**Big banks have better technology**
4️⃣Setup two email addresses
1 for important business, 1 for your motor carrier application so you can weed out all the marketing
5️⃣Get another phone number to avoid unwanted marketing calls/texts
One Talk: forhire.pro/One...
$25/month
Once you download the app, setup your voicemail and forward all calls straight to voicemail
6️⃣Apply for your Motor Carrier Authority
Application: forhire.pro/Aut... $300
Watch this video for step by step guide: • USDOT & MC Authority A...
Seriously watch this video and don’t mess it up, takes forever to fix mistakes
7️⃣Get your BOC-3 and UCR
BOC-3 - $25: www.evilsizor.co
UCR - $62: forhire.pro/UCR
8️⃣DOT Physical Exam for Medical Card
Find a local examiner: forhire.pro/Med...
~$85 - $100
9️⃣Need Insurance ?
• Tips for Trucking Insu...
1️⃣0️⃣Setup freight factoring and fuel cards
RTS Financial: www.rtsinc.com...
RTS is by far the best for both factoring and fuel cards plus they offer special rates for Amazon Relay
1️⃣1️⃣Find an amazing dispatcher
Interview several, don’t look for the cheapest, you absolutely want the best
If they charge more than others, that probably means they are better
1️⃣2️⃣Sign up for DAT
Truckers Edge - $39.95/month: forhire.pro/Tru...
DAT Power - $149/month: forhire.pro/DAT
First month is free, start learning how to use these
1️⃣3️⃣Shop Box Truck Rental Rates in your area, let them know you are a motor carrier for Amazon, some provide better rates for this
Request a Budget account here: forhire.pro/Budget
Request a Ryder account here: forhire.pro/Ryder
1️⃣4️⃣New Entrant Phone Call
You will get a letter in the mail from FMCSA for your audit call. Do this ASAP. It’s easy, they basically just go over your application to verify what you’ve entered.
1️⃣5️⃣Pay your down payment for insurance close to the 21st day after applying for your authority
You have to wait 21 days from the time you apply for your Authority and you want to make your insurance effective a couple days prior to that to make sure the insurance company has time to process the filings so your MC will be active on the 21st day.
1️⃣6️⃣Apply to brokers
TQL: bit.ly/TQLcarrier
C.H. Robinson: bit.ly/CHRobCar...
Coyote Carriers: bit.ly/CoyoteCa...
Choptank Transport: bit.ly/ChopTank
Trinity Logistics: bit.ly/TrinityL...
Integrity Express Logistics: bit.ly/IELcarrier
1️⃣7️⃣Gather your documents in a single binder
Binder: amzn.to/3zUFgQq
Sheet Protectors: amzn.to/3zUFgQq
Order Door Magnets
Optional if you have a rental truck less than 30 days at a time
forhire.pro/Mag...
Promo Code - 15% off: CHARLESSTRING
🚚 Keep Truckin’
forhire.pro/Kee...
- ELD, Driver Safety, GPS tracking
We want you to be successful so learn from us.
Thanks for tuning in and make sure to subscribe for more content
Thank you
Christie & Walter
My Newsbreak Platform: newsbreakapp.o...

Пікірлер: 119

@bubbles_69jackson33 3 жыл бұрын

My fiance and I just got our own box truck and it's all new to me and I'm doing the leg work and learning all from you...thank you sooo much😊💖🙏👸🏽

@sexyeyez2000 3 жыл бұрын

Christie I love the fact that you are a researcher and are very educated, and everyone needs a Christie on their team in order to be successful.

@cleanasapalacenoladillard5192 3 ай бұрын

Excellent video

@edfrazier1403 Жыл бұрын

I just ran across y'all last week, I've already watched about 15 of your videos so far! I just love you guys personalities! I love that you're willing to share and inform people and try to help people and you're doing it without charging a lot of money or no money! Outstanding!!! Thanks for the love. Yjwb.

@TheBoxtruckCouple Жыл бұрын

Thanks for the support ❤️

@patriciacampbell7220 3 жыл бұрын

Your information is so helpful to so many people ❤️ I'm not going to be doing this kind of work, but I still enjoy the videos and the way you teach. You never talk down to people and I really appreciate that ♥ You have a gift, Christie 💕

@bluerobe918 2 жыл бұрын

Your explanation was clear as crystal. I hit the sub button as result.

@konscioustrucka6449 2 жыл бұрын

Im the exact same way when it comes to doing business with folks. Customer service goes a long way.

@javontaemoore9480 6 ай бұрын

I’m basically in training watching your videos and I do have a lot more of questions because I’m trying to startup my trucking business with my girlfriend.

@TheBoxtruckCouple 6 ай бұрын

Thanks got your support. You can schedule time with us or join the mentorship program at www.boxtruckcouple.com

@cisco150 3 жыл бұрын

Most fuel cards you can use at any gas stations check wex fuel cards etx

@frankiedee3122 3 жыл бұрын

Definitely was helpful.. check credit scores always.. I will be using RTS for factoring

@earlporter6544 2 жыл бұрын

Me and my wife are starting a box truck business nx year I like the way you explain things about the industry keep up the good work 🙏🙏🙏🙏🙏

@djscrill3 2 жыл бұрын

They should give y’all a tv show ❤️❤️

@shodsworld7528 3 жыл бұрын

Thank you for all that you are doing and you are helping me out so much

@fernandocolone7359 3 жыл бұрын

I work in a warehouse driving forklifts so I laughed at 14:55 that look was yea I'm making a video keep it moving don't stop.

@tracihouston7483 2 жыл бұрын

Thank you so much for your videoes. This is only the second that I've watched and I am impressed and grateful. It takes a lot to impress me (ask my ex lol) but y'all are really helping with this channel. Subscribed! Thank you so much!

@andersonsantos3904 Жыл бұрын

Thanks. I like all your videos.

@TheBoxtruckCouple Жыл бұрын

Thank you too!

@overfiftyfifinance3861 3 жыл бұрын

Once again, very informative. You said it a the end about your location. We are in a small town in SW Virginia and thinking about going back to Atlanta for this reason.

@ndg9367 3 жыл бұрын

Great video! Off road diesel is also for reefer seperate diesel tank and farm vehicles!

@paulabruce6849 3 жыл бұрын

Thank you . You have really helped me alot

@All8787 3 жыл бұрын

Thank you for sharing good knowledge 🚛🚛🚛🚛🚛🚛..get that 🤑🤑🤑🤑🤑

@towannsmith5872 3 жыл бұрын

Thanks for sharing very informative information. Keep doing a good job you are inspiring so many people. God Bless!! 🙏🏽.

@jamessandman3730 3 жыл бұрын

Thank you and I appreciate you! Safe travels and blessings!

@deephouse2 3 жыл бұрын

Thanks you for info. I’m just trying to get started and this was a question I had..

@TheBoxtruckCouple 3 жыл бұрын

Glad it was helpful!

@91pcl91 3 жыл бұрын

In the same boat. Wife and I trying to get started and this video helped a lot!

@Miccheck----nv6yr 3 жыл бұрын

Awesome info! TY!

@sexyeyez2000 3 жыл бұрын

I love it Diva and the amazing education come through

@Iamkcbass 11 ай бұрын

Thank you for this

@krystalaguilar4716 Жыл бұрын

Thank you!!

@paulanderson2225 2 жыл бұрын

Having to use a factoring services in 2022 is crazy to me. Theres no reason all payment cant be done quickly.

@Lee85G 3 жыл бұрын

I just love you guys. Georgia in D House.

@tieshalee5923 3 жыл бұрын

Awesome information tyvm❤💯👍

@latonyap123 3 жыл бұрын

Love this!! Thank you!

@CatesCube 2 жыл бұрын

Interesting video! So informative!

@TheBoxtruckCouple 2 жыл бұрын

Thank you

@louisbattisti9226 Жыл бұрын

Thank you for the help. How are the loads in and out of Richmond VA

@wannabetrucker7475 3 жыл бұрын

Thank you 👍👍👍👍

@jayriley9368 3 жыл бұрын

Thank you soo much.

@cisco150 3 жыл бұрын

Do you guys see any load coming from Pa to up to 500 miles etc give or take. And great info on this video

@rlarsen1159 3 жыл бұрын

🔥🔥🔥🔥🔥...5 💫 insight thxs. C&W!

@m5hector31 3 жыл бұрын

Thx for that Gem 💎

@1120AP 3 жыл бұрын

Thank you for this valuable information, I just started looking outside of Amazon. Using the DAT board do you need to submit COI to every company that post jobs on DAT. Thanks

@laterrainprophetess1705 3 жыл бұрын

Girl, I could kiss you, for real!!!! Thank you for all your information.

@1677julian 3 жыл бұрын

Great video. I appreciate the gems that you gave. Is Houston tx a great area

@TheBoxtruckCouple 3 жыл бұрын

Thank you!

@CatesCube 2 жыл бұрын

Sams Club and Costco give 3% back on Gas Purchases...I do not know if they offer Diesel.. Sams Club even gave a 3% cash back in April of 2022 at any gas station. I do not know how much they offer this offer...I just share with you..

@TheBoxtruckCouple 2 жыл бұрын

Some of the. Do have Diesal

@YoYo-ov2fm 5 ай бұрын

Rts is a rip off...don't use they fuel card and see how your treated

@katrithastevens8753 3 жыл бұрын

I pray that you are making the right decision by using Factoring

@TheBoxtruckCouple 3 жыл бұрын

We use them when we need to. There are time we get paid immediately by the shipper or you work with a company that pays another way like Amazon. They pay every Friday

@ericl.2889 3 жыл бұрын

Thank you so much for the information. I have a question. What would be a good finance company to go through to purchase a box truck?

@irag_343 2 жыл бұрын

I subscribe to your Channel

@TheBoxtruckCouple 2 жыл бұрын

Thank you so much. Welcome to the family !

@ericramirez6146 Жыл бұрын

How often do u have to load and unload ur own truck?

@laterrainprophetess1705 3 жыл бұрын

Thank you so much! I'm going through with this!. I've applied for a DBA as opposed to LLC. What are your views on this. Also, at the start, I'm not planning to do interstate, I acquired my DOT intrastate(for now). My question: Will this be an hindrance on load boards findings loads? I'm in Texas(Of course, I havnt signed up on any load boards yet).

@TheBoxtruckCouple 3 жыл бұрын

Please set up some time with me calendly.com/boxtruckcouple. It will help us both help you get your questions answered

@laterrainprophetess1705 3 жыл бұрын

@@TheBoxtruckCouple I will do.

@nsewdispatchers5453 3 жыл бұрын

Hi Chrissy, I loved the video. and i have a question. How long after you started your trucking business were you able to start working with Landstar? I do dispatching and just started my on trucking business. And although i do book a few of my clients with landstar, I am just wondering how long before I can book my trucking company with them as well.Especially since Amazon is now taking 2 weeks to get back to people with new authority. Thanks so much!

@TheBoxtruckCouple 3 жыл бұрын

I didn’t have a problem booking with Landstar As a new authority they were my very first load so you shouldn’t have a problem

@cisco150 3 жыл бұрын

Run you pockets son lol

@konscioustrucka6449 2 жыл бұрын

Hey guys, which parts of NC are good areas for box trucking?

@cisco150 3 жыл бұрын

Can you use two factoring companys

@TheBoxtruckCouple 3 жыл бұрын

That I’m not sure. I want to say RTS requires you to just use them

@ednaharris5640 Жыл бұрын

I appreciate your help. My brother in law has a box truck. I drive his truck EOW. We live in the Midwest. How do I get my DOT and MC licence and authority. I Don't have my own truck but can I go with a smaller truck 20 or 24 footer. Do I need a lift gate.

@TheBoxtruckCouple Жыл бұрын

Hi Edna , we are happy to walk you through the steps. Please schedule some time with us at calendly.com/boxtruckcouple

@ednaharris5640 Жыл бұрын

@@TheBoxtruckCouple Thank you for your guidance and I love your videos.

@michaelcurry6420 3 жыл бұрын

Question im thinking about leaving my job to do the whole box truck business i wanted to know are you familar with California los angeles and is that a good profitable area

@CatesCube 2 жыл бұрын

What did you mean you got $2000 cards for gas from RTS factoring. Did you get a credit card for $2000 or you received a credit for $2000? I am confused.

@TheBoxtruckCouple 2 жыл бұрын

I can spend up to 2000 in fuel with this card. It’s not a credit card, just a fuel card. The limit will raise after some time but at that point we had just got the cards

@matityahuisrael 3 жыл бұрын

I have a question is 4,000 Is to much for insurance for a box truck that's what progressive insurance gave me for an quote

@TheBoxtruckCouple 3 жыл бұрын

I’m doing a live probably tomorrow night about insurance but yes it’s high. My down payment was high too

@dat1950 3 жыл бұрын

Great videos….how can I sign things like the ratecon on my iPad??? Do I need a certain app?? Much success yall

@TheBoxtruckCouple 3 жыл бұрын

We use Adobe. We convert their document to Adobe and then click fill and sign

@dat1950 3 жыл бұрын

@@TheBoxtruckCouple thank you for your response. Love y’all videos, I’ve watched them all and learned a lot. I’m not getting my truck until February but I got llc and EIN# so I can start building credit until I’m up and rolling. Much love and success to y’all from California 💯💯✌🏽

@dat1950 3 жыл бұрын

California markets seems ok…..what do you think???

@harrismovementllc9972 3 жыл бұрын

Hello miss, i have a question , If you guys where to pay a driver how would you recommend tp pay a driver by the mile? For Local & How much should i pay i driver Per mile OTR? Thanks please get back as soon as you can . i really love the information you share.

@TheBoxtruckCouple 3 жыл бұрын

That’s a great question but that hasn’t been our experience so I could’nt answer that for you. You may want to ask others that have drivers. Thank you!

@harrismovementllc9972 3 жыл бұрын

@@TheBoxtruckCouple thank you for the reply

@sexzeyes5050 2 жыл бұрын

"RUN ME MY MONEY" 🤣🤣🤣

@TheBoxtruckCouple 2 жыл бұрын

💰

@paulabruce6849 3 жыл бұрын

What is the DOT weight on 26' box truck allowed capacity for truck and load total weight?

@TheBoxtruckCouple 3 жыл бұрын

26,000 pounds

@charcoramckinnie2943 2 жыл бұрын

Where would I be with out The Boxtruck Couple, THANKYOU SO MUCH.

@TheBoxtruckCouple 2 жыл бұрын

Awww thanks

@reezee412 2 жыл бұрын

RTS has been playing games with my money.I'm looking into terminating my contract

@TheBoxtruckCouple 2 жыл бұрын

What do you mean? What did they do. I never had a problem

@reezee412 2 жыл бұрын

@@TheBoxtruckCouple givinng me the runaround..transferring me to voicemails.a couple of loads they said it was paperwork missing but I had uploaded all of the paperwork given.havnt had a deposit in 3 weeksa and they have 17 grand tied up of my money.the whole point in factoring is to get your money in 24 hours.but if I'm waiting this long I might as well get paid from the carriers directly and keep all of the money.🤬and I've only been factoring with them for only 7 weeks.and they want 5000 to terminate the contract but I'm trying to see if I can avoid it bc it hasn't been that long.

@deephouse2 3 жыл бұрын

What kinda computer did you get? You mentioned in a previous video having access to computer files on your phone. Thx

@TheBoxtruckCouple 3 жыл бұрын

Yes we have a MAC desktop so it’s compatible with our phones and iPads

@mrgetittherehaulingllc 2 жыл бұрын

Is ohio a good area for box trucks?

@michaelwarren3987 2 жыл бұрын

Hello ma'am. Can you use a factoring company running Amazon Relay?

@TheBoxtruckCouple 2 жыл бұрын

No. Amazon pays you directly

@michaelwarren3987 2 жыл бұрын

@@TheBoxtruckCouple thank you

@mrgetittherehaulingllc 2 жыл бұрын

Did y’all use social security number or ein when yall fill out w9???

@TheBoxtruckCouple 2 жыл бұрын

EIN always for your business

@mrgetittherehaulingllc 2 жыл бұрын

@@TheBoxtruckCouple even as a single member llc ? Im a disregarded entity

@TheBoxtruckCouple 2 жыл бұрын

@@mrgetittherehaulingllc yes. If it’s for the business you use the EIN number. That’s the business SSN. That’s why you have it

@mrgetittherehaulingllc 2 жыл бұрын

@@TheBoxtruckCouple ok thanks this is what the irs is saying /For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number (TIN) and Certification, the W-9 should provide the owner's SSN or EIN, not the LLC's EIN.Sep 1, 2021 www.irs.gov › businesses › si... Single Member Limited Liability

@mrgetittherehaulingllc 2 жыл бұрын

Thanks for information and sorry to keep asking questions one last question tho , so yall use the llc ein number on w9 form?

@kennethbrown6090 3 жыл бұрын

Who is the company from Savannah that didn’t pay?

@TheBoxtruckCouple 3 жыл бұрын

Next Level Brokerage

@shodsworld7528 3 жыл бұрын

When checking the credit score what should it say I know you said if it has a N then that means a bad score or what should it say for a good score

@TheBoxtruckCouple 3 жыл бұрын

Just like with school it’s graded A, B, C D,F. We already know they won’t work with D and F but the factoring company can tell you what’s acceptable for them to advance you your money

@shodsworld7528 3 жыл бұрын

@@TheBoxtruckCouple oh ok thanks

@deephouse2 3 жыл бұрын

Where’s bro. Walter…LoL

@TheBoxtruckCouple 3 жыл бұрын

I picked up by myself. He was on another job. Video coming soon

@sexyeyez2000 3 жыл бұрын

Is Alabama a good area?

@TheBoxtruckCouple 3 жыл бұрын

Yes it is. You’ve got Amazon and freight coming out of Birmingham

@yasielpallares9529 3 жыл бұрын

how many hours is the maximum that can be handled per day

@TheBoxtruckCouple 3 жыл бұрын

14 worked 11 drive time for a total of 14

@therideordrivefamily1719 2 жыл бұрын

How do you make and create your invoices?

@TheBoxtruckCouple 2 жыл бұрын

There is an option in the RTS app to create an invoice

@Feliceymystyle 2 жыл бұрын

@@TheBoxtruckCouple Thank you, what about quick books?

@TheBoxtruckCouple 2 жыл бұрын

You. An create invoices there but not necessary if it’s for RTS. You can make theirs in the app. QuickBooks invoice I use for payment from someone who doesn’t provide their own

@Feliceymystyle 2 жыл бұрын

@@TheBoxtruckCouple So if it's a company like Total Logistics, Pontiac Logistics etc I can't make an invoice for them on the RTS app?

@TheBoxtruckCouple 2 жыл бұрын

If you ran a load for total logistics you create an invoice in RTS for your business confirming the load. RTS handles the rest. If you need further understanding, schedule a consultation and if be happy to show you how it works. calendly.com/boxtruckcouple