Hello, everyone. Today, we will discuss how much do dispatchers charge. We will discuss how you should determine an optimal rate for your situation.
First, If you do some research, you will realize that dispatching service rates range within 3–8% and also the median average is around 5–6%.
Is earning 5–6% a good thing?
If you charge 5–6% of the revenue, you will receive $300–360 weekly from one truck. This is how much a truck dispatcher makes in a week.
That means you will make approximately $1,200–1,400 monthly by just a single truck. Multiply this by 12, and it will be around $14,000 to 16,000 in gross revenue per year from a single truck.
How Many Trucks Can You Dispatch?
I recommend up to five trucks. So, you can earn a decent wage by charging 5–6% of the total. but you should not be necessarily charging 5 to 6%.
A 24/7 Service
Imagine if someone offered a service that operates 24/7; that would be quite the game-changer for some trucking companies. They might even pay extra for such an essential service.
Admin Support
Providing a broad spectrum of admin support like billing, permit applications, and compliance can add undeniable value to motor carriers.
Moreover, you could demand higher rates for offering these additional services. There’s no denying that someone else may have tapped into this potential cash cow.
How To Set Rates?
The question arises is that are you ready to level up your game and seize this golden opportunity?
Consider Your Services
To set your rate, consider your services and what your clients will find reasonable.
Consider how your expertise and experience sets you apart in this competitive market. With these factors you can confidently select a fair rate for you and your clients.
Current Rates
Finding out the current rates is easy! Look at your competition’s websites and check out what they’re charging and the services they’re offering.
Should you price your services lower than everyone else? Or provide superior services and charge more. It’s entirely up to you and depends on your business strategy.
Acceptable Earnings
When deciding what earnings are acceptable for your trucking business, location matters; for instance, making $1,000 a month per truck could be reasonable in some parts of Eastern Europe or Asia, especially if you have a fleet of several vehicles.
Consider Location
However, living expenses are generally higher in the US, so such earnings may not meet expectations. So, before you finalize your earnings requirements, consider your location and other factors!
Speciality Services To Consider
So, as you’re trying to determine what you should charge your clients, consider what specialty services you offer and if they are willing to pay for them. Second, guess what is acceptable to you. Can you make a living charging a specific rate?
Example
I have a pool of clients I work with. Therefore, I cannot accept working for less than 6%. If somebody comes to me with an offer of 3%, I gracefully decline.
Fair Compensation
I am not worried because I know someone else will come along and accept my rate.
Learn more about How to Become a Truck Dispatcher?
The Final Word
As a newcomer in the truck dispatch business, building your clientele may be challenging. Consider accepting a lower rate to gain experience and establish yourself in the field.
Over time, you can raise your speeds as you build a strong reputation. This beats waiting and hoping for a client to pay your desired rate.
By taking action and getting started, you’ll be on the right track of a successful career as a truck dispatcher.
If you are not an expert in truck dispatching, you can learn dispatch from online dispatcher training at Boss Dispatch Academy.
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