How to Become an Owner Operator and Earn Trucking Jobs

According to Blazo Gjorev, become an owner operator by purchasing or leasing a semi-truck. Contracting with trucking companies is a common way to earn extra money. Owner operators usually earn higher per-mile rates or percent-of-load rates than company drivers. But as an owner operator, you'll have to cover all the expenses of operating your truck - from repairing breaks to finding health insurance. There are also several prerequisites you must meet to become an owner operator.

First, be sure to budget for tax time. Because owner operators are not employees, taxes are not automatically taken from their earnings. If you're not careful, you might end up owing the IRS a lot of money - which you may not have the means to pay. Second, because owner operators run their own business, they have higher expenses. Some of these are predictable, while others are not. Make sure that you set aside some money every month for taxes.

Blazo Gjorev pointed out that, owner operators have two main options - becoming a company driver or operating independently. With the former, you are paid by the mile or the hour, and you get benefits like any other employee. The latter option, however, may not be the best choice for you if you want more freedom and flexibility. While it is certainly easier to earn more money as an owner operator, it isn't always easier. As with any job, it's important to learn as much as you can before you take the plunge.

As an owner operator, you have full control of your truck and decide which jobs to accept. You plan the routes and load and unload cargo. You must make sure the deliveries are made on time, with minimal damage. Since you're the owner, you'll be the one to take responsibility for the maintenance of your truck. It's important to stay on top of expenses so you can get back to work on time and on schedule. If you're unsure about the right route to take, you can always take it up with your boss or other drivers.

An owner operator's salary varies widely. Some make over $180,000 a year, while others make much lower. However, you should always check the pay comparisons to see if your potential earnings are comparable. For example, an owner-operator will make between $50,000-$150k a year, while a company driver can make up to 70% less. You can choose to work in a local area or outside the U.S., Canada, or even Mexico.

A successful owner operator is organized, dedicated, informed, and determined to succeed. The lifestyle is similar to a company driver's, but there are responsibilities that come with driving independently. In order to become a successful owner operator, you must be prepared to make investments in your trucks and equipment. You must also decide if you prefer to work for yourself or working for a company. If you want to drive as an owner operator, you should know that the demands will be higher.

Blazo Gjorev described that, as an independent contractor, an owner operator must get W-9s from all companies. He can also choose to own a truck. Some of these drivers-lease vehicles from larger trucking companies and operate under the authority of the company. In this situation, you'll be able to obtain a W-9 from all companies you work with. You'll also need a license to operate a truck. It can be difficult to make money on your own as an owner operator, but the benefits can outweigh the costs.