The shipping industry is one that never runs out of possibilities. There are also new ways to move goods from one country to another. First it began with caravans, then transferred to boats, cars, and planes. Now, shipping means huge trucks streaming from border to border, sometimes even internationally. Planes constantly fly goods to be shipped and huge ships are reserved for consumer goods.
The Shipping Game
That’s all fine and wonderful, but not why you’re here. You’re here because you’re already in the shipping game (or looking to get into it). You’re looking to stand out above the crowd and make your shipping company the best, right?
Why don’t we dive into the deepest parts of the shipping industry to get you the tips and tricks you need to succeed. Keep reading to find out more.
1. Get the Company Insurance Rate
We all know that insurance rates are ridiculous these days. It’s hard to maintain car payments for personal vehicles, let alone multiple company cars. Well, what if there was a way to reduce your car insurance payment.
A huge upfront cost is company insurance plans that go yearly. You must pay a huge sum upfront just to make sure that your vehicles are covered for the rest of the year. These plans are inflexible and pull a lot out of your pocket from the beginning.
A better choice is going monthly. If you pay monthly insurance, you get to control your costs more. You can decide how many cars you will insure and use. You also get to decide how long you’ll keep them covered. That way, you aren’t paying insurance for one of your trucks if it breaks down and goes out of commission.
2. Form 3- 5- and 7- Year Plans
Planning for the future is essential for any business but especially shipping. If you have an idea of where you want to head in the future, you can get a good idea of the steps you should take now to get there.
That’s why the three-fold plan works best. First, you start with your 3-year plan. These are goals that you can actively work towards now. Say you want to expand your ocean shipping fleet by 5 boats. During the three years, you slowly save up money to buy them. A 5-year would be a bit more complex, and then a 7-year plan is where you see your business ending up.
Of course, you don’t need to use all three. Decide which works best for you and then follow through.
3. Be on the Look Out for New Shipping Technology
Technology is advancing at a rapid rate. This means that there are always new ways to ship goods. Shipping began when people put their pack of goods on their horse to trade with the next town over and has only expanded since.
Keep up to date on the news of movement. Drones, automated ships/trucks, you never know what will become the next way to get goods from one place to another. So, keep your eye out for any that seem promising.
The shipping industry requires you a close attention to details. There are a lot of shipping businesses that are vying to get customers. You need to make it worthwhile for clients to choose you above the rest. At the end of the day, it’s a business. You need to be prepared to put in work and time to make yourself successful. But, if you follow the right steps you are sure to fly above the competition.