There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like Starting A Tow Truck Business. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Inventory
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Leasing.
This is nothing like A Tow Truck Business, and that’s probably a good thing.
However, if you’d still like to know more about Starting A Tow Truck Business, keep reading.
How To Start A Towing Businesses?
When cars break down, they usually end up parked in an unlawful spot.
They are towed by a tow truck service to servicing centers or impound lots when necessary.
In an accident, particular tow trucks will even come to provide roadside assistance.
Here, you’ll learn the 8 essential steps for starting a successful tow truck business.
Start Your Own Towing Business By Following These 10 Steps:
Assuming you have finally settled on a viable business concept, you should move forward with developing your firm. That won’t be enough even if you register your company with the state. Beginning a business also involves several other considerations.
This is an easy-to-follow manual on how to start a tow truck business. Following these procedures will increase the likelihood that your business is well-prepared, legitimate, and properly registered.
Step 1: Create A Business Plan.
Startups have a much better chance of succeeding when their leaders have a detailed and well-thought-out strategy. Doing so allows you to draw a picture of your company and spot areas of opportunity you may have overlooked before.
Some key considerations are outlined below.
- What Are The Costs Involved In Opening A Towing Company?
- What Does the Tow Truck Business Requires?
- What Are The Ongoing Expenses For A Towing Company?
- What are the tow truck drivers’ requirements?
- Where can we buy tow vehicles?
- How Many Tow truck businesses are there?
- Who Is The Target Market?
- How Does A Towing Company Make Money?
- How Much Can You Charge Customers?
- How Much Profit Can A Towing Services Make?
- How Can You Make Your Business More Profitable?
- What Will You Name Your Business?
Step 2: Form A Legal Entity.
The types of business structures that are commonly used are the following:
- Limited Liability Company (LLC)
- Corporation
- Sole Proprietorship
- Partnership
Step 3: Register For Taxes.
The proprietor must register for state and federal taxes before launching the business. Obtaining an EIN is a simple and free step in tax registration.
The EIN can be requested from the IRS for no cost via their website, fax, or regular mail. The business can be taxed in various ways, depending on its structure. A limited liability company that elects to be taxed as an S corporation is one such entity (S corp).
Here are some tax books worth reading if you own a small business:
- LLC vs. Corporation
- S Corp vs. LLC
- LLC taxes
- Sole Proprietorship vs. LLC
- How to start an S Corp
Step 4: Open A Business Bank Account & Credit Card.
Use separate corporate credit cards and bank accounts to secure your personal finances. Among the greatest practices in any field is keeping individual and business expenses separate.
Suppose the business owner’s personal and commercial assets are combined. In that case, the latter, including the owner’s home, car, and other belongings, are in danger in the event of a lawsuit. The term “piercing the corporate veil” describes this concept in business law.
Step 5: Set Up Business Accounting.
Keeping detailed records of company expenditures and revenues is crucial for gaining insight into the company’s financial health. Having complete and accurate data also facilitates annual tax filing.
Step 6: Obtain Necessary Permits And Licenses.
There could be severe financial penalties or even a company shutdown if the proper permissions and licenses aren’t obtained. The vehicle owner is responsible for verifying that the tow truck driver has the right commercial driver’s license.
Here are some things to keep while applying for a company license and other legal documents that permits tow trucks to operate.
- State & Local Business Licensing Requirements
- Oversize Vehicle Permits
- Class B Driver Licensing Requirements
- Certificate Of Occupancy
Step 7: Get A Tow Truck Insurance.
Insurance, like business licenses and permits, is essential for a company to lawfully and safely conduct its operations. Given the inherent dangers of working in the construction industry, businesses like these must have adequate insurance coverage in the case of a covered loss.
For the many possible perils facing organizations, insurers offer various products.
The possible dangers to the company can be gauged with the aid of general liability insurance.
This is the minimum amount of protection most small businesses need, making it perfect for a tow truck service.
Businesses also need to make sure they have workers’ compensation insurance. Workers’ compensation insurance is likely to be mandated by the state for any employees working in the state.
Step 8: Define Your Brand.
The company’s brand is its own essence. What customers think of a company is equally important. Any business may rise above the competition by developing a memorable brand.
People needing a tow truck should be able to find tow truck company through their websites.
However, tow truck companies would be better served by devoting the bulk of their marketing efforts to local search engine optimization than social media (SEO).
Social media platforms like Facebook and Twitter have become the preferred method by which customers may interact with tow truck services in their area.
A common strategy for towing enterprises is to approach local governments, garages, and other companies for contracts. These agreements provide a reliable source of revenue, much more so than traditional methods of advertising directed at consumers.
Step 9: Create Your Business Website.
After a brand has been defined and a logo designed, the following stage is to build a website.
Although developing a website could be crucial, some may be put off by the belief that it is beyond their skill set.
This concern was warranted in 2015. However, the Internet has since undergone substantial development that aids small business owners.
Step 10: Set Up Your Tow Truck Business Phone System.
Getting a separate business phone is one strategy to keep work and personal life distinct.
That’s not everything.
Towing companies can benefit from this since it can help them automate their operations, improve their credibility, and make it easier for them to connect with potential consumers and clients.
Startup owners interested in establishing a company telephone network have various options.
Is This Business Right For You?
If you’re good with automobiles, you may open your own towing company. Typically, towing vehicles is simple.
However, it’s not always easy to reconnect a broken vehicle or get it out of a jam.
A person with mechanical skills can quickly remedy this condition.
Is Starting A Tow Truck Business A Scam?
So, is Starting A Tow Truck Business a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Leasing.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.
Are There Alternatives To Starting A Tow Truck Business?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Leasing is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With A Tow Truck Business, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Leasing, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Starting A Tow Truck Business, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
5) Make Money Helping Real People: With Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Starting A Tow Truck Business which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.
