How Jabbar Williams Made Millions Through Truck Rental Logistics
As a psychology graduate of HBCU Clark Atlanta University, Jabbar Williams prides himself on being a serial entrepreneur. As he describes, he entered “the notorious rat race of working in corporate America,” working in the financial sector for 16 years as a branch manager but maintaining other ventures outside of work. He has continually created additional income streams by starting a T-shirt business, offering credit repair services, and getting into real estate investing.
“In 2018, I got into real estate and started fixing and flipping houses (and) I did well, fixing up and flipping houses, because that’s my true passion. Then the pandemic hit (and) real estate stopped, building materials stopped. “It was so loud, it wasn’t Nobody evacuated, and nobody was moving. I needed to start another business because I always knew I wanted more,” he explains. The financial independence entrepreneurship gave Williams motivated him to leave his nine-to-five career.
“I maxed out my position, and then I ended up doing head training. So that was a slap in the face. Then I got into logistics in January of 2021. I’ve actually heard over the years that you can make a lot of money,” he says. In the field of logistics.” However, although this field was lucrative, Williams thought about the maintenance, breakdowns and overhead expenses of running this particular venture. He met a friend who advised him that he could enter the industry using the leasing route. After much thought, the intrepid Williams acquired His first rental truck in January 2020. Three weeks later, he upgraded to a second box truck, eventually expanding to owning eight trucks at one point, thus beginning the success of his business.
Williams discovered that leasing box trucks rather than buying was becoming a more viable business model. Obtaining a commercial vehicle requires creditworthiness, a large down payment, and easily accessible income or maintenance of the truck while in transit. To overcome those financial hurdles as an up-and-coming supply chain management entrepreneur, Williams went to Ryder, opened a rental account, and started his business with just $3,200.
“So, $200 for the LLC, $284 for my authority, that’s MC/DOT and BOC3/UCR, those are the numbers you see on the side of the truck,” he describes the requirement he met to run interstate commercial contracts. With prominent exporters.
“I made a $1,375 down payment on my insurance and a $1,000 lease payment. I don’t pay for maintenance on any of the trucks, so if anything happens to the truck and it breaks down, they’ll replace me in a sub-truck unit; I’ve mastered that, (and) Like I said, I’ve gone up to eight trucks. I’m glad there’s no overhead when it comes to that, and by the way, I’ve never driven a box truck. I started “this whole process while working nine to five,” he points out happily. So far, I’ve done business Williams’ business generated more than $2 million and led him to teach thousands, whom he affectionately calls his “fund bosses,” how to have a thriving truck rental business through his e-book, online courses, master classes, and mentorship.
“I have a first cousin who’s a Secret Service agent who’s been in the D.C. area for 17 years. He’s never (driven) a truck, and he has four trucks ready to go,” he says. Williams boasts of the many positive reviews from his former students who have three to four trucks, all praising him on his Instagram page for having his direction change the course of their lives.
“If you have a criminal record, or you come home from prison, or, for example, I helped a lot of people in prison as well. (There’s) no background check on what I do,” he adds. Most recently, he set up a mentorship program with 90 students and offered a sold-out class once a week with 40 registrants. Williams admits he stands out in the industry because of the way he directs interested parties toward leasing trucks, relieving the daunting task of putting together a large down payment and helping new business owners develop their ventures.
“I use the same mentality as Turo and Airbnb — control of something without the cost of ownership. When we were younger, we were told to own a house, stocks, bonds, or something that matures over time, that’s great. But not owning something is great.” “. Responsibility, this loses value. Especially if you’re starting out, I don’t advise people to buy a truck for the simple fact that you might not like it; Everything is not within everyone’s reach. So, if you try to charter a flight and you don’t like it, you can get out of it because you’re renting a truck.”
The contracts he obtained through his company based in Atlanta, Georgia, I’ve been primarily through Amazon Relay, “I just work with Amazon. I teach people how to get a contract, and basically, what we do is we pick up from a distribution center with a 26-foot box truck, and we either take that freight to a distribution center Or we take it to a post office.”
November is peak season for Amazon Relay with increased holiday shopping, and Williams plans to expand to secure ten more rental trucks due to Amazon’s increased delivery rates. Then, after the holiday, he will reduce his number of trucks to five.
“In 2018, I went through a divorce, was married for 10 years, and literally lost everything. I was sleeping on my cousin’s couch, (experienced) losing my mom, and was in a fatal car accident when I was 19. I’m a positive person, and I believe you can Looking at the glass half empty or half full and saying, ‘You can make excuses or complain or you can go out and get it.’” “I feel like if I can bounce back and build a company that has generated over $2 million in revenue in two and a half years, I feel like anyone can do it.” that. You just have to have the right mindset to do it.”
Follow me Twitter Or LinkedIn.
(Tags for translation)Jabbar Williams