A towing business can be a profitable one. You can even make money if you are a small business with only one tow truck.It just takes time, a lot of hard work and a little bit of imagination.Here are some tips on how you can get your own towing business started.
Instructions
Make a business plan
1. Make a business plan. A smart business person has a plan. This plan will include a listing of all your available capital, all of your assets, a list of what you will need to buy, a list of all the insurances and licenses you will need, etc.
2. Buy at least one tow truck, if you do not already own one. As your business grows, you will need more than one. Make sure the truck or trucks are dependable.
3. Secure a license with the city or cities that you plan on working. This process can be slow. Make sure you keep copies of all the information you turn in to the city.
4. Purchase the insurance you need. Proof of insurance will have to be shown to the city once your license is approved.When purchasing your insurance be sure to add in liability costs for possible damage that may occur to other vehicles and people should an accident occur.
5. Advertise.Invest in some business cards.Hand out business cards.Also begin getting to know the area businesses, especially the owners and managers of auto body and repair shops. These are the people who may need a tow truck driver someday.You may also want to let area businesses know that you will tow unwanted vehicles from their premises, free of charge to them.
6. Speak to someone in charge at your local police station and see if you can be added on to their list of tow truck drivers they call when a crash occurs.
7. Speak to someone at the impound yard to see what is needed for you to bring in vehicles.
8. Invest in a cell phone which you can carry with you at all times. This is the number you will want to use in all your advertising as a way for customers to contact you any time of the day or night.
9. Begin hiring more workers and adding more trucks to your business as your business begins to strive and grow.
