What you need to do to make money as a courier is to confidently plan your route and know what type of courier driving you want to do.
In today’s video. We're going to tackle a question Pete gets asked more than any other: How much money can you make as a courier driver?
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CHAPTERS
00:00 - Intro
00:30 - 1. Sign up with a firm
01:36 - 2. Subcontract for a company
03:34 - 3. Subcontract for yourself
04:55 - 4. End-user customers
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When you start, the first thing you can do is sign up with a firm. They'll give you a van, they'll give you your jobs, they'll give you holiday pay, sickness, and all that kind of stuff.
The advantage of this is you know how much money you're going to get. You know how much money is going in that bank every month so you can plan your life.
If you work for someone else, you've always got to pay their wages as well as your own. So you are probably looking at making around £15,000 a year. More money can be made if you do overtime.
The second way you can go about it is to sub-contract. So you get yourself a van or even a car and basically get yourself signed up with, like, a Hermes, or an Amazon, and all this kind of stuff.
On this, you're going to be on the multi-drop, there are advantages and disadvantages. The multi-drop is going to be hard work at first. And this is when you need to get yourself a decent multi-drop app. You're going to be burning fuel that you don’t need, you're doing time that you don't need and then you fall at the first hurdle.
But if you stick with it for a little while, eventually when they get to know you, there are big advantages. Once you've been there a little while, they'll start giving you the nicer routes. They'll give you the same route
For this kind of thing, they normally pay around £1 a drop. You're going to be doing 100, 150. Some of them do up to 250 drops a day. There is money to be made. It's also a good way to launch your way into it because you get used to it.
The third way of going about it is you just subcontract for yourself. We work on a thing called the Courier Exchange, that's not a multi-drop thing, but it's the same kind of principle: Your van, you can work as little or as much as you want.
On these kinds of things, you can expect to earn between (if you're just doing one little job a day), £40 a day. If you actually move up to a Luton, or even truck, you can make as much as £250 for a van. In a lorry, about four or 500 quid a day. But lorries are another thing altogether because you've got a load of stuff to sign up to just to get into a lorry.
So you're on kind of round about the same dough as you are for the Amazon, which you would be for the Courier Exchange (CX). The advantage of CX would be, rather than doing 250 drops a day, you only have to do three. The disadvantage is it’s not guaranteed.
It's kind of like swings and roundabouts on both of them. And then there's the final one, which is end-user customers.
End-user customers are the way forward. That's where you get your own customer. And the way you go about getting these is you do the Google Ads or you do posters or flyers, or go to a local trading state, putting the cards through the doors, telephone, talk to your brother, talk to your uncle, do Gumtree. Because if you get your end-user customer, you can charge them double.
But like I say, end-user customers, we all love them. They're very, very difficult to come by.
Finally, as a note of caution, unless you're doing number one, when they’ve covered everything for you, make sure you stick a little bit of money to one side. You want to stick between 20% and 30% of your money to one side. Because that's going to cover your tax and your National Insurance.
So that's it. There are four ways of doing it: You either sign up with a firm, you sign up with a multi-drop mob (in your own van as a subcontract), you sign up with something like the Exchange, which is a broker system, or you try and get your own customers.
There are pros and cons to all of it. At the end of the day; you do, you.
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