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You get cash customers in a number of ways. If you're listed in the yellow pages the older set will find you there. But online search engines and social media outlets such as Facebook is where the majority will find you. You also can get cash calls from referrals, postcards, and many other forms of advertising.
A tow truck business makes money by charging customers for tows. A typical charge will include a flat fee for the tow, a mileage fee, and a storage fee.
Is Tow Truck A Good Business? In 2019, the automobile towing industry earned $8 billion in revenue, so it's a great time to become a tow truck operator. You can start a towing business in 2020 for anywhere from $50,000 to $100,000.
How much profit can a towing company make? The average tow truck business owner makes between $30,000 and $40,000 annually.
Right now is the perfect time to join the tow truck industry: The automobile towing industry brought in $8 billion in revenue in 2019. This whopping figure proves that starting a towing business is possible and profitable, even in 2020.
If you're really low on start up funds, you might consider renting tow equipment until you have enough contracts to justify the purchase of your own tow truck. However, if you plan to have your business for a long time, it's probably worth the investment to purchase towing equipment.
Typical Profits The average storage fee is in the tune of $20 per day. The average towing business owners make anywhere between $30,000 and $100,000 annually.
If you're really low on start up funds, you might consider renting tow equipment until you have enough contracts to justify the purchase of your own tow truck. However, if you plan to have your business for a long time, it's probably worth the investment to purchase towing equipment.