Want to Start a Tow Truck Business? Watch This First

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  • čas přidán 31. 05. 2024
  • Kenneth Orme started K.O. Towing in 2019 with a single truck. In the 3 years since, he’s grown to 4 trucks and a total monthly revenue of $40,000. We’ll find out how he did it in today’s interview.
    This video is sponsored by TailorBrands. Use code "upflip40" for 40% off at check out! Click here tailorbrands.go2cloud.org/SH6B to get your business started today!
    Before starting K.O. Towing, Kenneth worked as a Journeyman Machinist and welder. When the shop he’d worked for went out of business, he took the opportunity to become his own boss and bought his first tow truck. He added the second just before the start of the pandemic, and has continued to grow over the past 2 years despite those added challenges.
    Today, Kenneth shares his advice for how to start a tow truck business from the ground up. We’ll find out how much it costs to start a tow truck company and what kind of equipment you need before you start. Along with towing, his company offers roadside assistance and transportation services for customers, and Kenneth will share why it helps a tow truck business to include these options, and what systems and supplies you need to do so.
    Rather than start with a business loan, Kenneth leveraged his personal credit to get started with a lease-to-own truck. We’ll hear why that was the best option for him, and other tips for starting a towing business with little to no money. He’ll also share how he connected with his first customers and established his reputation for quality service in the Tacoma area. As a 24/7 business, K.O. Towing needs reliable employees to function smoothly. We’ll find out how he hires and manages his staff to maintain consistent service quality.
    Anyone interested in a towing business will learn a ton from this video! And make sure to check out some of our other interviews with business owners in the automotive sector:
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    Resources
    www.kotowoing-tacoma.com - KO Towing’s website
    www.upflip.com/blog - Insights and tips to start and run a successful business
    www.zips.com - Top site for affordable tow trucks, parts, and gear
    www.towmate.com - Excellent resource for roadside safety and towing accessories
    Timestamps:
    0:00 Intro
    0:58 Meeting the Owner of KO Towing
    2:01 Tips on Finding Your First Customer
    2:58 How To Break Even in This Business
    3:48 Public Clients vs Private Clients
    4:52 Most Profitable Towing Services
    5:54 The Must-Haves To Get Started
    7:29 Scaling into the Hundred Thousands
    9:21 Required Expenses To Know About
    10:26 Tips on Starting a Business with No Money
    11:30 Successful Advertising Strategies
    13:05 System and Processes
    13:44 The Tool Every Towing Company Needs
    14:20 What Makes KO Towing Unique
    15:18 The Trick To Avoid Failure
    15:53 How To Make a Presence Online
    17:16 How To Solve Common Business Problems
    18:20 Blitz Time with Ken!
    19:09 The Key Pieces You Need On Your Truck
    20:34 The Average Work Day
    21:43 Advice on Finding Perfect Employees
    22:43 What Ken Earns Per Tow
    23:32 What It’s Like to Operate 24/7
    24:32 How To Motivate Yourself
    25:12 Financial Tips for Starting a Business
    26:14 How To Double Your Revenue
    27:00 The Key To Keeping Customers Loyal
    27:32 How Ken Got Through The Pandemic
    28:38 Where Ken Got His Experience and Knowledge
    29:24 The Busiest Time for Towing
    30:47 Tips on Reputation
    31:22 Choosing The Perfect Service Area
    31:52 Ken’s Advice for Beginners
    #towing #towtruck #towtruckbusiness

Komentáře • 751

  • @UpFlip
    @UpFlip  Před 2 lety +23

    Big thanks to @tailorbrands, your one-stop business startup shop!
    Use code “upflip40” for 40% off at check out! Click here tailorbrands.go2cloud.org/SH6B to get your business started today!
    From logo to full business, launch your brand in minutes with Tailor Brands. Register your business as an LLC, plus get a full digital and print branding package.

    • @solomongebreyesus8016
      @solomongebreyesus8016 Před 2 lety

      I have tow truck 2012 hino 268 with 200,000 mils on it for sale if anyone interested please contacted me

    • @480_Detailing
      @480_Detailing Před rokem

      Taylor brands is a scam

  • @redhorse8018
    @redhorse8018 Před 2 lety +97

    I love that code
    "If I can't find a job I'll make a job".

    • @UpFlip
      @UpFlip  Před 2 lety +3

      This code prevents one from ever being jobless red horse. 😀We like it too. We're so happy that you liked the video. Are you new to the channel??

    • @redhorse8018
      @redhorse8018 Před 2 lety +1

      @@UpFlip I've been watching the channel for 4 months. You guys are my favorite CZcams channel

    • @UNPOCOLOCO444
      @UNPOCOLOCO444 Před 2 lety +3

      I'll never forget it

  • @Edible_farm
    @Edible_farm Před 2 lety +41

    Can’t get a job ? Make a job! This is America!!! Love this!!

  • @TylerJSison
    @TylerJSison Před 8 dny

    I've been fortunate to know and work alongside Ken. He's a helluva guy.

  • @danfarris135
    @danfarris135 Před rokem +25

    He is spot on when he talks about rain and snow! We had a blizzard on Valentines day 1990. The only time I had to stop that day was to get fuel! That truck ran for 36 hours straight between two drivers. We couldnt keep up with the calls coming in. On top of the 4 trucks we had we started calling friends body shops and asking for their trucks to help.

  • @jamesblack5353
    @jamesblack5353 Před rokem +4

    One of the best interviews ive ever seen. you touched all areas of the towing business.

  • @ninovigil2254
    @ninovigil2254 Před rokem +10

    Man this guy is so cool. He knows what he's doing and very humble about it

  • @marcuswhite1403
    @marcuswhite1403 Před rokem +3

    Kenneth seems like a very knowledgeable guy. My step dad has owned his own wrecker service for over 50 years. I just started helping him alil over a year ago. I have learned alot

  • @stevemckoy2921
    @stevemckoy2921 Před rokem +7

    Excellent piece! Great questions and a good honest principled American salty to amswer them. The world is a better place because of people like Ken. Definite inspiration.

  • @Ulbre
    @Ulbre Před 2 lety +66

    Can't help but like this guy.
    Doesn't want to make the customer pay more than the price of the tow.
    Put's money he makes back into the business.
    Is willing to teach new drivers what is needed to do the job.
    I wish him every success.
    Actually, I wouldn't even mind coming and driving for him :)

    • @UpFlip
      @UpFlip  Před 2 lety +3

      What a Rock Star comment Ulbre. 😀👍🏽⭐We really appreciate you providing such kind and detailed feedback. This is a great business. Are you in the same industry?

    • @rapidroadsode8789
      @rapidroadsode8789 Před rokem +3

      Charges 1:2 fir the services
      does 90% copart
      Expects you to take the damn truck home and have a place to park it
      And expects you to work on it !
      Idk bout that
      Oh damn and 500 a month in google ! If you have 4 trucks you better be spending 500 a day on google

    • @lukespatola1184
      @lukespatola1184 Před 6 měsíci

      @@rapidroadsode8789 Hes a towing company dude, not a repair company.

  • @ARMENH91
    @ARMENH91 Před 2 lety +15

    God bless this man , he is the epitome of a hard working and honest man. I wish him all the health in the world !

  • @jesussalazar4635
    @jesussalazar4635 Před rokem +15

    He’s right. You need good drivers, who will take care of the truck. I started as a driver at night about 7 months ago & I’m a pretty good damn driver. I used to be a mechanic for a limo & party bus company. The other tow truck drivers abuse the trucks & just don’t care. Whatever truck I’m driving that night, I’m fixing or doing maintenance on it when I have a chance. The other drivers don’t understand that the tow truck is making their money, if it’s down, they’re not making money. Too bad that I’m not in Washington, I’d apply for a job with you if I was.

  • @maxvillanueva8380
    @maxvillanueva8380 Před 2 lety +90

    Great Interview. Ken is one of the coolest guys I’ve ever seen. He’s down to earth and straight to the point. God bless him and his business.

    • @UpFlip
      @UpFlip  Před 2 lety +3

      Thank you for watching and provide such great feedback Max. 😀😀We're so happy you enjoyed the interview. Would you like us to stay in the auto industry with our next video?

    • @jojo15166
      @jojo15166 Před rokem

      @@UpFlip Great video.😂 I would love to see a video on heavy duty towing which is when they taught 18 winners. I alway to get in a business towing semi trucks I have class A and I always wonder how to get started on that type of business

    • @GREAZEBEATS
      @GREAZEBEATS Před rokem

      Copart is a lot of trouble

  • @gjmbarusha6999
    @gjmbarusha6999 Před 6 měsíci +2

    “Can’t find a job? I’ll make a job…this is America!” Love this guy 🔥👏🏾🇺🇸

  • @nhya32
    @nhya32 Před 2 lety +27

    Damn good interview, the right questions were asked, and the owner answered them thoroughly. I gain some great info from this thanks brother, I’m now a fan of the channel keep doing your thing bro.

  • @joshwilliams7876
    @joshwilliams7876 Před rokem

    Ken is my kind of guy. His personality is rare and genuine

  • @michaelorozco8809
    @michaelorozco8809 Před 2 lety +13

    I been on a tow truck for over a year I taught myself how to do everything but I drive a 2006 international 4300 which can’t run in Cali where I am so I only move junk cars for myself and cars for friends and family here and there. I consider myself to be more into the junk car business than a tow truck driver but scrap price has went down and car values have shot up. So I am currently being co-pilot in a semi truck and about to get my cdl but I do see myself starting a legal tow truck company in the future but I am only 18 I need to get my money up to get a decent truck

  • @adolfofernandez9902
    @adolfofernandez9902 Před rokem

    im' systems Engineer and found my side hustle, i love everything about towing from light duty to heavy duty. He is an inspiration for me, great work!

    • @UpFlip
      @UpFlip  Před rokem

      Awesome Adolfo. 😀 We're so happy that the information was beneficial to you. 👍How long have you been in the industry?

  • @mendoza1661
    @mendoza1661 Před rokem +9

    I've been in the tow industry/ roadside assistance for about 9 years
    Ken seems like a good boss to work for

    • @RustyZipper
      @RustyZipper Před rokem

      Lol, driving junk trucks that you have to fix for free 🤷‍♂️

    • @jakethomas1311
      @jakethomas1311 Před 11 měsíci

      How did you get started with doing road side assistants

    • @jacobshields9103
      @jacobshields9103 Před 7 měsíci +1

      ​@RustyZipper sound like his guys are paid by the hour so don't think they fixing work trucks for free if they are on the clock.

  • @whatchath385
    @whatchath385 Před 2 lety +59

    I really liked this episode! Mr. Orme seems like a guy that's going to tell you how things really are. No BS!

    • @UpFlip
      @UpFlip  Před 2 lety +1

      We appreciate you watching David. 😀He's definitely about his business. Have you checked out some of our other videos in the automotive industry?

    • @whatchath385
      @whatchath385 Před 2 lety +2

      @@UpFlip I have seen a few UpFlip videos and have enjoyed all of them. However, I don't recall viewing any other automotive related videos.

  • @Pro46drift
    @Pro46drift Před 2 lety +3

    Excellent video. Great probing questions. Good work.

  • @BJizzel21
    @BJizzel21 Před 2 lety +28

    This was very educational, I honestly can’t find the words to express how meaningful this video helped!!

    • @UpFlip
      @UpFlip  Před 2 lety +1

      Wow Jordnaboy21. This is wonderful to hear. We're so happy the videos is so meaningful to you and this is one of the main reasons we create this type of content. 😀Are you looking to start a towing business as well?

  • @dennis1562
    @dennis1562 Před 3 měsíci +1

    The 3rd thing you need is a side arm. I like how he open carries it.

  • @Marv_131
    @Marv_131 Před 2 lety +29

    I’m on the same track as this gentleman. I worked with copart and IAA as a driver through a small towing company for about 2 years. Bought a used 4 car carrier and will be running it for copart myself

  • @groneass2006
    @groneass2006 Před rokem +2

    I like Mr Ken. He's got the old school grit AND old school business sense that the transportation industry needs. The questions the interviewer were asking was so over elaborated and Ken kept it so honest. Keep it simple and you will make money. One customer, awesome reliability, reinvesting in the business...it's so simple.

    • @UpFlip
      @UpFlip  Před rokem

      We appreciate you tuning in! Thank you! ☺️

  • @Dave-hc6pp
    @Dave-hc6pp Před 2 lety +23

    Another great interview. That’s the kind of basic, recession proof business people are looking for. When I was first getting started I worked at a gas station back when someone pumped your gas. The owner had a hook style tow truck. He would send me out to get broken down or wrecked cars. It was a good job for a young guy still in high school.

    • @UpFlip
      @UpFlip  Před 2 lety +1

      We really appreciate you tuning in Dave. We want to try and explore as many different types of businesses as we can to help someone that may need it. We can remember the days when someone would come and pump the gas. There are still a few gas stations like this. 😀Are you still in the same type of industry?

    • @Dave-hc6pp
      @Dave-hc6pp Před 2 lety +8

      @@UpFlip that was a lifetime ago for me. I was a teenager working summers and after school. From there I worked as a logger then a rigger. I managed to get injured and decided I wanted to do something else so I got a degree in computer science and spent the next 35 years doing that as an independent consultant then 15 years with IBM working all over the world. I’m retired now with prostate cancer and several other ailments. Your channel is on my short list of favorites. There are several you’ve done that get me thinking “what if”. I think that what you’re doing is going to be a tremendous help for people with the drive to to pursue whatever their passion might be. Good luck and I look forward to more content in the future.

  • @Auhbseluhte
    @Auhbseluhte Před 2 lety +17

    i live in Seattle and guys like this with this work ethic is truly a dying breed, my hats off to guys like this, it a pleasure having a guy give you service the way that he does.. in the next 20 yrs roadside service will fail do to the lack of care and genuineness...enjoy this type of service while it lasts

    • @MattMatrixJohnson
      @MattMatrixJohnson Před rokem

      20 years seems quite abrupt. I’m planning to get into the tow game within 2 to 5 years

    • @thelastpityparty4425
      @thelastpityparty4425 Před 11 měsíci

      Men like this are so attractive 😂❤️Go old timer

  • @kelvinjamison2944
    @kelvinjamison2944 Před 4 měsíci

    I appreciate you asking real life questions for potential O/O

  • @jimmyalisna7782
    @jimmyalisna7782 Před rokem +1

    Thanks Ken for all the good tips

  • @Jaszo84
    @Jaszo84 Před rokem +2

    Ken kept it all the way 💯 great transparency

  • @ThreeLions82
    @ThreeLions82 Před 2 lety +7

    I like this guy he gives it to you straight.

  • @jasonviloria8068
    @jasonviloria8068 Před dnem

    What a great video… very very informative and wow what amazing questions you had… one of the best videos I ever watched…

    • @UpFlip
      @UpFlip  Před 20 hodinami

      Thank you so much! Hearing that it's one of the best videos you've watched really means a lot to us! 🙏

  • @Datdudejr123
    @Datdudejr123 Před rokem +13

    I'm about to get into the towing industry. This was very informative. I loved every minute.

    • @UpFlip
      @UpFlip  Před rokem

      Super Cool Datdudejt123! Congrats to you. 😀We're so happy the video was informative. Please let us know any other questions you have along the way and we wish you the best of luck!

    • @veralicejohnsonusa
      @veralicejohnsonusa Před 10 měsíci

      I'm still in the research phase, how much did you spend to get started? and what do you need to get started? If you can answer me I would be very grateful! the video did not understand very well!😮🫣

    • @tkachenko4123
      @tkachenko4123 Před 9 měsíci

      Making $300 a day he can go be a driver and make $600 a day

    • @Precisionmobile
      @Precisionmobile Před 2 měsíci

      charge more

  • @yoelleal718
    @yoelleal718 Před 2 lety +6

    Thank you so much, this has helped me tons, I'm doing it, I'm going for it

    • @TOWUSO801
      @TOWUSO801 Před 2 lety

      Trust me buddy at this kinda time it’s hard in the tow industry I own my own company myself I’m really surprised of this gentleman pricing n what he makes a month especially towing for iaa auction. Iaa auction and copart auction r the most cheap places to tow for i I’ve done it all

  • @covongutierrez6818
    @covongutierrez6818 Před 12 dny

    Great interview! Love it! Thanks.

    • @UpFlip
      @UpFlip  Před 11 dny

      Thank you! So glad you enjoyed it! 😊

  • @kabosparkz3847
    @kabosparkz3847 Před 7 měsíci +2

    I’m a finally starting a towing biz, buying my first truck next week✊🏼

  • @user-gw8uh2tk5u
    @user-gw8uh2tk5u Před 27 dny

    Should get a Google ads campaign, partner with motor clubs, build relationship with insurance agencies, body shops and mechanics.

  • @coachklein2005
    @coachklein2005 Před rokem +7

    This was inspiring being I just started my LLC a week ago and will be making my purchase first of the year I’m soaking up all this free game

    • @RustyZipper
      @RustyZipper Před rokem

      Do not focus on IAA and copart, AAA, Agero, they pay next to nothing after expenses

    • @ryanlechel4327
      @ryanlechel4327 Před rokem

      @@RustyZipperthen who

    • @RustyZipper
      @RustyZipper Před rokem +3

      @@ryanlechel4327 - talk to local repair shops / parts stores, AAMCO, have them refer you when their customers cars needs towing. Start throwing around a dozen donuts with your card on them. Don’t be a cheapskate when it comes to getting your foot in the door and making an impression.

  • @kesdersontheodore9887
    @kesdersontheodore9887 Před 2 lety +11

    Thank you so much for uploading this video so many i have a 2013 vulcan wrecker and it’s been sitting for a year because I don’t. Know where to start as far as insurance and where to get work … I really appreciate the fact u came on here with this video a lot of us get so discouraged because we don’t know where to start man keep doing what you doing God will stay blessing you 🙏🏾

    • @UpFlip
      @UpFlip  Před 2 lety +1

      We love to hear this Kesderson. 😀We want to motivate others with our videos and show there's more than one way to become success. We appreciate you supporting the channel. Have you start working on your business plan as well?

    • @Guardianautoservices
      @Guardianautoservices Před 2 lety +1

      Not trying to scalp but watch my 2 videos. I did it to help people wanting to get into towing.

    • @kesdersontheodore9887
      @kesdersontheodore9887 Před 2 lety +1

      Guardian thanks king I really appreciate it 🙏🏾

    • @donaldsmith6404
      @donaldsmith6404 Před rokem +1

      I operate a 2018 V100 3 winch unit and our company has 4 heavy wreckers and 8-10 light duty. We run a lot on NTTS for our heavy duty side and run a lot of agreo for light duty. The biggest thing that makes us successful is we pick up the phone day and night. I work night shift it’s hard to have only day shift and use them on call at night. Find a night guy and pay him a little better. The IAA and COPART will lowball and beat trucks to death but if you can negotiate good rates IAA and copart also transit-pro are great to keep for training new drivers so they ain’t working on the side of the highway.

    • @thatcreepyxmastreeinyourat8950
      @thatcreepyxmastreeinyourat8950 Před 5 měsíci +1

      You mentioned that one thing that nobody seems to, though I'm not far into the video or comments. My fiance owns his own tow truck. His insurance is almost as much as our fuel bills. We pay average $1200 a month. We purchased the tow truck a year ago and he has been in the towing industry for 12 years. He has one minor accident on record 5 years ago. For reference, he pays $30 on his personal car insurance. If you are going to tow make sure you have contracts. Our business costs for one truck is probably 50 grand or more. All drivers I know work at least 12 hours a day, at least the ones who have continually stayed in the industry. There are people who lie about insurance but that could screw you over in the long run.

  • @frankie51758
    @frankie51758 Před rokem

    Good guy , good interview , thanks

  • @maliekbennett2081
    @maliekbennett2081 Před rokem +2

    perfect questions bro!! you didn't miss anything

    • @UpFlip
      @UpFlip  Před rokem

      We appreciate that Maliek. We try to be as thorough as possible when doing our interviews and we love getting great feedback.😀Please let us know what other types of businesses you'd like to see featured on the channel?!

  • @markdickinson8538
    @markdickinson8538 Před rokem +2

    The world needs a lot more Ken’s!👍🏻✌🏻

  • @feslikescandy
    @feslikescandy Před rokem +27

    Love how straight to the point and compassionate Ken is for customers, very cool guy. I wish him all the success in the world!

    • @UpFlip
      @UpFlip  Před rokem

      Glad you love this video! Hope you also watch our other content and find value in them. Any business you want to see next? ☺️

    • @feslikescandy
      @feslikescandy Před rokem

      @@UpFlip Wow thank you for the response; yes I find a lot of value in many of these videos, having watched several already!
      Next, I would love to see either 1) a business where somebody is successful at installing Smart Devices (home security systems, wearable technology, wifi speakers, car dashcams, etc) or 2) more on CZcams channels!

    • @davenaphilipp1
      @davenaphilipp1 Před 10 měsíci

      I love Ken!

  • @josephnarduci8257
    @josephnarduci8257 Před rokem

    Your story is an inspiration.

  • @GhettoWagon
    @GhettoWagon Před rokem +6

    Ken seems cool. Stated pretty much what I saw when I was running a tow truck starting out. So many guys like ken told me to get my own truck. Told me they all pull 100k + a year

  • @stankrieger3598
    @stankrieger3598 Před 3 měsíci

    ❤great video working on my truck right now getting ready

  • @roadsidegenius
    @roadsidegenius Před rokem

    Great video learned a lot from this video. Keep making more content like this. Roadside Genius is watching.

    • @UpFlip
      @UpFlip  Před rokem +1

      We really appreciate that Roadside Genius. 😀We're so glad the video was helpful. Thank you for supporting the channel. We have some great content coming up. Please let us know what other type of businesses you'd like to see featured?!

  • @bighorn9119
    @bighorn9119 Před 2 lety +4

    You guys make great videos you guys should make a video about owning a body shop or a collision center

  • @avpavpavpavp1
    @avpavpavpavp1 Před 5 měsíci

    Thank you very much
    Very uplifting vid

  • @springpowerwashing
    @springpowerwashing Před rokem +1

    Fascinating interview

  • @ihiaolookihiatoo1640
    @ihiaolookihiatoo1640 Před rokem

    damn found this vid randomly and saw he's from tacoma WA. Where i did my bachelor like 5 years ago. Good stuff

  • @henrysmith3786
    @henrysmith3786 Před rokem +1

    Thanks for the information it was very helpful. My wife is starting a towing company.

    • @UpFlip
      @UpFlip  Před rokem

      No problem Henry. This is so exciting to hear. Congrats!! 😁👍🎈Please keep us updated with how things are going and let up know if you have any questions!

  • @ericarreola3630
    @ericarreola3630 Před rokem +3

    My buddy opened his tow business, 2 tow trucks $4k a month, hired a driver that run a red light hitting 3 cars, next year to renew his insurance it was 11k a month and he just close his business.

    • @UpFlip
      @UpFlip  Před rokem

      So sorry to hear about that. Sounds like it was mostly a problem with the guy you hired. Did your buddy try to venture into another business?

  • @sombut415
    @sombut415 Před rokem

    Stay awesome Mr👏🏼👏🏼👏🏼👏🏼👏🏼👍👍

  • @8power0
    @8power0 Před 2 lety +7

    GREAT SHOW ,,, ALWAYS LOOKING FORWARD TO THE NEXT ONE THANKS FOR YOUR TIME !!!!!!!!!!!!!!!!

    • @UpFlip
      @UpFlip  Před 2 lety

      We have some great shows in the works for you 8power0.😀👍🏽 We're so happy you're enjoying the content and we really appreciate the support. Is there any industry you'd like to see more of?

    • @8power0
      @8power0 Před 2 lety

      THANK YOU FOR THE REPLY, YES I AM ALWAYS INTERESTED IN THE AUTOMOTIVE REPAIR INDUSTRY, AND THANKS AGAIN.

  • @albydigiammarco3373
    @albydigiammarco3373 Před 2 lety +1

    Cool video, very informative.

  • @jakelopes2789
    @jakelopes2789 Před rokem

    Seems like a good man good luck buddy

  • @j.m.1389
    @j.m.1389 Před 5 dny

    The law specifically states that the winch cable DOES NOT count as a tie down. You must have four points of tie down, at least two of which are adjustable for vehicles under 10k lbs. all four tie downs must be adjustable for vehicles over 10k lbs.

  • @s44577
    @s44577 Před 2 lety +9

    Ken is a smart, disciplined and hard working man. This is a tough, tough business. I have a friend with such a business and the hours are demanding to be profitable.

    • @UpFlip
      @UpFlip  Před 2 lety

      Yes, it definitely takes discipline to run a successful business Sally. 😀We appreciate you watching and commenting. How long has your friend been in the industry?

    • @s44577
      @s44577 Před 2 lety

      @@UpFlip A long, long, long, LONG time :)

  • @ggarcia9534
    @ggarcia9534 Před 2 lety +2

    I luv this video , ken you are awesome 🤩 I was considering a tow truck company or trucking company but this video inspired me to go full force to tow truck 👍😎I would be homered if I could talk to ken ,.

  • @jackhartmann1084
    @jackhartmann1084 Před rokem +1

    Ken is a good dude!

  • @mikezkrazie6024
    @mikezkrazie6024 Před 2 lety +33

    Seems like a great hard working guy - doesn't strike me as a business owner but seems to be making it work! Fair play to him and hope it all works out!

    • @patryk2497
      @patryk2497 Před 2 lety +12

      why doesn't he strike you as a business owner? because he's doing the work himself too?

    • @startingtech3900
      @startingtech3900 Před 2 lety +10

      lol passive agressive comment "doesnt strike me as a business owner"

    • @ramondejesus9425
      @ramondejesus9425 Před 2 lety

      What are you a sychiatrist

    • @cleric4265
      @cleric4265 Před 2 lety +2

      Psychiatrist *

    • @rapidroadsode8789
      @rapidroadsode8789 Před rokem

      Buy the truck , do your own work or hire a guy . Boom! business owner .

  • @waltermh111
    @waltermh111 Před rokem +2

    $300 a day is good pay, but you have to love the job. The good thing is, he is working to improve things. You have to work hard to get to the point where you can improve things.

  • @kevthetowman
    @kevthetowman Před 2 lety +10

    I have made over 100k a year just being a driver for a relocation/ trespassing company. no over head. I'm good on all the liability. I know not everybody has the same opportunities and every market is different.

    • @Sainte-adresse
      @Sainte-adresse Před 2 lety

      What does this involve?

    • @michaelorozco8809
      @michaelorozco8809 Před 2 lety +1

      @@Sainte-adresse he’s saying he’s a driver for a company and makes good money with really no risk

    • @chublez
      @chublez Před rokem

      My thoughts exactly. I work 4 12s as a driver home fri-sun. Pick an extra shift once a month or so. Made same money this dude does last year. No liability on me. If I can't find a job okay but for now I'll pass.
      Seam's mostly like he's just taking crap rates from the insurance companies though. Like drivers that work for low pay or haul cheap freight. Just say no. IAA might be an account to be sure you get that truck paid while you get yer feet under you but before getting 4 trucks he probably should have learned how o make more for turning em on.

    • @joehefner2296
      @joehefner2296 Před rokem

      Tell us more how to get into it?

    • @wilfredorosario6714
      @wilfredorosario6714 Před rokem +1

      Yea that good for you bro but for you to get that 100+ a year someone at your Company was like him every one start at the bottom.... some are bosses and some are employee and you my friend is a employee

  • @cametochina
    @cametochina Před 9 měsíci +1

    Ma boy, real entrepreneur 👏👏

  • @iceroad416
    @iceroad416 Před 2 lety +19

    dont want to be a bummer but 100k per truck revenue is not enough by the time you pay for insurance repairs and truck fuel wages and benefits for employees

    • @MoneyTary26
      @MoneyTary26 Před 2 lety +3

      And also, taxes

    • @towtruckaj
      @towtruckaj Před 2 lety +1

      I'll say my trucks are much nicer and more expensive but are making probably 3 times that per truck and that still isn't quite where I want to be. That being said my trucks are nicer and more expensive but only barely with his shitty lease deal as he quite literally is paying 100k for a 50k truck where most of our brand new trucks are running around 100-150.

  • @VICKY-if4ov
    @VICKY-if4ov Před 7 měsíci

    Ken is a really good guy ❤

  • @ryan7484
    @ryan7484 Před 2 lety +30

    This guy isn’t charging enough. You don’t start a business to barely break even.

    • @adam_bh
      @adam_bh Před 2 lety +1

      He’s talking out his ass, he’s charging the fair cost that most other companies would also charge. Additionally he doesn’t even decide the payouts on most jobs as you can see he takes assignments from the insurance companies for most of his jobs right now.

    • @leftifornian2066
      @leftifornian2066 Před 2 lety +1

      @@adam_bh das rite

    • @humblesociety4949
      @humblesociety4949 Před rokem +4

      A wise man told me that is not about how much but how many .

    • @rapidroadsode8789
      @rapidroadsode8789 Před rokem

      @@humblesociety4949 nah , Yu babe to be competitive and beat your comp with good customer service . Not by undercutting and making the services cheap !!! I’m

    • @caioborges5530
      @caioborges5530 Před rokem

      He says he doesnt charge a hook up fee but he just builds it in his price.

  • @bulletproofmmg7161
    @bulletproofmmg7161 Před rokem

    My hero

  • @razorslice99
    @razorslice99 Před rokem +1

    This is a great video. Mr Ken is a great person and I would work for him. I didn’t know how complicated this could be. Was thinking of trying to start a small towing business because of the scarcity of towing where I am at

    • @UpFlip
      @UpFlip  Před rokem +2

      You should start a towing business Pan. We think you'd do great! 😀😀Thanks for leaving such a great comment. Have you started a business plan?

    • @razorslice99
      @razorslice99 Před rokem

      @@UpFlip not yet but this was a great eye opening video to get my mindset right

  • @lanceburns9435
    @lanceburns9435 Před rokem

    Informative thanks

  • @raypropps
    @raypropps Před měsícem

    That’s what I did when I started mortuary transport business. I have three vans now and everything is paid for. I understand what he means about the work ethics

    • @UpFlip
      @UpFlip  Před měsícem +1

      Absolutely! Work ethic truly makes all the difference!

  • @Largepapa2
    @Largepapa2 Před rokem +1

    Ken should talk about his shoulder holster

  • @cccc4life
    @cccc4life Před rokem

    Very informative

  • @Chillin-fpv
    @Chillin-fpv Před rokem

    I'm pretty sure I've seen your trucks around. I drive for Paulson's towing in Lynnwood but we're in Tacoma almost ever day

  • @calikingz9924
    @calikingz9924 Před 2 lety +2

    I love this video guy looks cool n real it's not that fun which I am happy but the people but always hearing about people making 10000k daily or crazy numbers makes anyone not wanna watch the videos but this makes us normall and realistic people wanna watch anytime

  • @islandyriverobusto5777

    Very helpful and nice thank

  • @nilsrbenjamin
    @nilsrbenjamin Před rokem +1

    that would be sweet to be in a position not to draw a paycheck ! Thanks for sharing

  • @freddiecauseyii9419
    @freddiecauseyii9419 Před rokem

    Real cool interview.

    • @UpFlip
      @UpFlip  Před rokem +1

      Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔

    • @freddiecauseyii9419
      @freddiecauseyii9419 Před rokem

      @@UpFlip No I don’t.

  • @Gevea11
    @Gevea11 Před 8 měsíci +1

    I'm getting into the business myself. I already had a big truck that i pay for personally, so i figured id get one of those things that you have in the back installed, and start from there. I feel like I'll have a leg up since i dont need to buy a truck to start

    • @UpFlip
      @UpFlip  Před 8 měsíci

      That's a great start! How's it going to far?

  • @tysonmcgee6518
    @tysonmcgee6518 Před rokem

    Good and helpful video. I hope you can do dump trucks as well.

  • @stevanrose7439
    @stevanrose7439 Před 5 měsíci

    I climbed into the trucking business when fuel was 98 cents per gallon and was doing pretty good when 911 happened and that day fuel jumped to around 5.00 dollars a gallon I filled up and drove home and said I would just park my trucks if that was going to be the price.
    I don’t know how the truckers make it today.
    But that’s why bread is 5.00 per loaf
    If you got it a truck brought it.

  • @Bobbypadilla-wu6qb
    @Bobbypadilla-wu6qb Před 5 měsíci

    " If i cant find a job ill make a Job this is america !" Man i love my country so much dawg 🙌🏼🙌🏼🇺🇸🇺🇸 this country has a bright future ! yeah we have are problems but no body is perfect ! atleast my country strives to be better everyday!

  • @firstclassautodetailingkon1412

    “I Can’t find a job, I’ll make a job. This is America.” True 💯

  • @ThatFlyGuy98
    @ThatFlyGuy98 Před 2 lety +7

    More stuff like this!!! Simple everyday jobs that are also small business’

    • @UpFlip
      @UpFlip  Před 2 lety +2

      We got you Mondo. 😀😀Thanks for tuning in. Should we stay in the same industry?

  • @AndrewAlexander
    @AndrewAlexander Před 10 měsíci

    License requirement vary from state to state. In NY you need a CDL at least class B with Tow Endorsement and a DCA Tow ID in order to tow.

    • @UpFlip
      @UpFlip  Před 10 měsíci

      Good to know! Thanks for sharing!

  • @josuecash
    @josuecash Před 4 měsíci

    Nice video! i want to star my tow truck bussiness in El Salvador, but i dont have any idea, just know i gonna be the best companie in this country in a few years and now this video give hope and strenght to do reallity all my dreams !!

    • @UpFlip
      @UpFlip  Před 4 měsíci

      If you want to learn the nitty gritty of starting any business, please head on over to our blog and listen to our podcast for more detailed information. Best of luck to your new biz! 👊

  • @Bano259
    @Bano259 Před rokem +2

    Great video. This guy is prior Navy, I can tell.

    • @UpFlip
      @UpFlip  Před rokem

      Thank you Ryan. 😀We appreciate you watching. Do you feel that he's a prior Navy because of his management techniques?

    • @Bano259
      @Bano259 Před rokem

      @@UpFlip wow you respond fast! I am guessing he is Navy because of his terminology that usually only Sailors use. For example he calls the back of the truck, "the deck."

  • @markdickinson8538
    @markdickinson8538 Před rokem +1

    I wish Ken all the best in life!✌🏻

  • @fumanpoo4725
    @fumanpoo4725 Před 10 měsíci

    Very interesting content. Dude is a class act.

    • @UpFlip
      @UpFlip  Před 10 měsíci

      thanks for your kind words! what did you like the most about this video?

    • @fumanpoo4725
      @fumanpoo4725 Před 10 měsíci

      @UpFlip That a decent businessman was presented and that, despite my not having much to do with tow operations, it was insightful.

    • @UpFlip
      @UpFlip  Před 10 měsíci

      That's our goal! 😄 What industry are you in?

    • @fumanpoo4725
      @fumanpoo4725 Před 10 měsíci

      @@UpFlip Criminal Justice

  • @knowbody3027
    @knowbody3027 Před rokem +2

    Good bless you

  • @sigmaj6066
    @sigmaj6066 Před 9 měsíci +2

    I'm trying to make sense of the numbers. He said each truck makes $100k per year in revenue. That's $400k. But watch this... Fuel is $3,500 per month per truck which is $42,000 per year. Then insurance is $1,000 per month per truck, which is $48,000 per year. Then he has 3 drivers. Let's say they each make $45,000-$50,000 per year... that's $150,000 per year. So $400k minus $42k, minus $48k, minus $150k equals $160,000. If this guys ever wanted to just be the boss and run things and not drive, add another $50k driver into the expenses. That takes it down to $100k-$110k per year. Now we need to add in maintenance ($500 per mo per truck?), licensing, tires, other equipment, a yard and office (rent), marketing, dispatch, software, uniforms, credit card processing, billing, accounting, phones/cb's, etc. Add in truck payments of let's say $1,000 per mo each truck and this business get's real tight real quick. This is all before offering health insurance. Add all of this up and whatever other miscellaneous costs (I'm sure there are more) and what's left over? Sounds like the business might just be breaking even...and he's paying himself a drivers salary. He might be netting $50-$60k per year? But if he adds a 4th driver and steps aside to run the business, he might go into the red. I'm super curious to take a deep dive into the economics of this business.

    • @RustyZipper
      @RustyZipper Před 8 měsíci

      He’s just treading water. This guy had to take money from his girlfriend to pay his bills.

  • @1lowtrade
    @1lowtrade Před 5 měsíci

    This man is the definition of WORKAHOLIC damn, sleep is one thing i wont give up.. lol i gotta get my 8 or ill be the crankiest person at work

  • @alfonsosandoval6300
    @alfonsosandoval6300 Před 2 lety +13

    This is going to be an interesting one recession proof business in my opinion

    • @UpFlip
      @UpFlip  Před 2 lety

      Thanks for supporting the channel Alfonso. 😀It's definitely interesting. Let us know what you think once you watch.!?

  • @yimmy7160
    @yimmy7160 Před 2 lety

    K.O. sounds like my kind of boss

  • @bigdog1999get
    @bigdog1999get Před rokem

    That was the best into I ever heard for free in my life💯❤️❤️❤️❤️❤️

  • @tigreytigrey8537
    @tigreytigrey8537 Před rokem +4

    Lol this dude NEVER brings up maintenance when he talks about his "profits". Yet He was quick to criticize his drivers for not maintaining their trucks. No talks of setting aside capital to "cap ex." Or amortization? In a business that relies solely on heavy machinery to operate that is VERY IMPORTANT. For all he knows he's barely breaking even. Thats how business owners die a slow death with no retirement nest egg in sight.

  • @craigneyman4279
    @craigneyman4279 Před rokem +8

    The one thing I didn't care for was the fact that he has one customer that provides all of his business. In business you never want to be controlled by your customers and he is at that point. Maybe in the beginning you are but you better figure out how to get more customers and if you do lose one it's not the end of the world.

    • @waltermh111
      @waltermh111 Před rokem +1

      First, he said that is his main business but that he did have other revenue sources. So no, it isnt his only customer.
      Second, he said thats where you start because its the easiest way to get continual work, but he said you should branch out, and he is branching out. But hes right. Get that reliable income, then worry about expanding when you get to know the business more. Its harder to advertise for a wrecker than a plumber.

  • @KinJames02
    @KinJames02 Před 2 lety +25

    Only thing I've noticed that was wrong, is your winch line does NOT count as a point of contact.

    • @TheFisher1228
      @TheFisher1228 Před 2 lety +2

      This is the WORST advice that could have been put in this video. In WA state (I’m sure in many others) DOT sees that and they’re going to pull you over and before you know it you could lose your license. Just cause you see the IAA and CoPart guys doing it DOES NOT make it right. If anything you should be doing the complete opposite

    • @minnesnowda2510
      @minnesnowda2510 Před 2 lety +3

      Depends where your at , like if I’m on the highway and it’s -20 and roads are slick in throwing it up with a hook and a winch to get off the highway ASAP

    • @ozym9207
      @ozym9207 Před 2 lety +1

      @@minnesnowda2510 same here in New York . Winch and one j hook and get off . You can tie down once you’re off .

    • @kennethorme3925
      @kennethorme3925 Před 2 lety

      Maybe in your state but in Washington it does.

    • @TheFisher1228
      @TheFisher1228 Před 2 lety +1

      @@kennethorme3925 no it doesn’t Kenneth

  • @EliasHernandez-ov2jz
    @EliasHernandez-ov2jz Před 10 měsíci +1

    I’m really happy this man has the work ethic and heart to support the fact that he’s holding prices low to help the customers.
    I wish him the best. I wouldn’t run my company this way but I can admire that he does it this way to help others that’s noble.

    • @UpFlip
      @UpFlip  Před 10 měsíci

      thanks for your support! What strategies would you implement in your company? We'd love to hear your insights!