FedEx Contractors Are Using Financing Solutions to Buy More Routes
More than anything else, a business needs to grow. This is especially true for existing independent contractors. That’s why many FedEx contractors are using Financing Solutions to buy more routes.
Success means different things to different small business owners. For FedEx drivers, it often means expanding their delivery territory. As a result, FedEx contractors are using Financing Solutions (www.financingsolutionsnow.com) to buy more routes because knowing where to go for funding is half the battle.
What FedEx Contractors Need to Know When it is Time to Buy More Routes
Fedex uses more than 12,000 independent contractors who own their routes and deliver the packages. These FedEx owner operators must hire and train drivers, purchase and maintain vehicles and handle all issues related to their routes.
When there are routes up for sale, this can be discovered through word or mouth or on the FedEx website. You can also go to Buildagroundbiz.com or to a business brokerage site such as Routes to Success.
There are several types of routes you can buy, each with different price points. For example, you can purchase FedEx ground or custom critical routes. These can be pick up and delivery routes or line haul routes between FedEx hubs.
By 2020, most independent contractors will own multiple routes, due to new contractor requirements that will go into effect. With the new rules, you will have to have at least five routes or 500 stops. Anyone who doesn’t will need to buy more routes, merge with another contractor or sell the routes you have and get out.
Why FedEx Contractors Are Using Financing Solutions to Buy More Routes
When opportunities arise to buy more routes, you have to act fast. More and more FedEx contractors are turning to alternative lenders, like Financing Solutions, for help.
Financing Solutions only works with existing FedEx contractors. They have been providing line of credit products and financing to existing FedEx contractors over the last several years. This has significantly helped FedEx contractors buy used trucks or take care of down periods in the business.
The process is very simple. It takes only minutes to apply. Once approved, you can have the financing in your account in less than 48 hours.
Best of all, since this is short term business funding, there are no long term contracts. You can repay the money in a few weeks or months with no early payment penalties.
When You Absolutely, Positively Want to Grow Your Business
FedEx grew its reputation helping people who absolutely, positively had to have their packages delivered in 24 hours or less. If you absolutely, positively want to grow your business, here are some tips to get you there.
One thing you must do is hire smarter. Instead of simply bringing someone on to decrease workload, think long term. Ask yourself what value the new hire will bring. Any new position should support growth. This could be a result of their skill set, energy level or networking capabilities.
Additionally, don’t be afraid to shake things up. Offer flexible scheduling, employee perks or a reward system for high performers.
Of course, the best way to grow your business is with FedEx route financing from Financing Solutions. They will help get you moving.
Financing Solutions LLC is not endorsed by and is not recommended by Federal Express Corporation and Fedex Ground. Financing Solutions LLC is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or Fedex Ground.