How to Increase your Wrecker & Towing Business

Towing and wrecking service often is called when you transport a car from an accident area, a  car breaks down or a car is abandoned on personal or government property and required to be removed. While you may be able to grow your business from advertising and waiting for your phone to ring, being proactive in creating multiple, mutually beneficial relationships with other similar niches will help you to increase your profits and grow your business. 

Create Alliances

Increase profits for you towing business by creating business partner with other business professional and expanding your reach. For example, forge relationships with auto body repair shops and agree to offer one another referrals so that when you need a tow, they will call you. When you have a customer in auto repair, you refer them to the body shop. Creating enough relationships utilizing this approach will help you to grow your business. 

Seek Corporate Contracts

Solicit contract opportunities with corporations, especially those who operate vehicle fleets. It may involve car rental organizations, delivery services, taxi companies, and business transportation. If you can become the provider of choice for this service and be on call of the needs, you may need to increase earnings, either via direct business opportunities or through a retainer agreement. 

Repossession Services

When auto loan fails to pay their vehicle loans promptly, a bank or other lending agency repossess the car being financed. They contact a repossession company, which agrees with a tow truck service to tow a vehicle to an impound lot for auto auction. 

Government Contracts

Local fire, police, and safety organization often contract tow and wrecking companies to remove accidental vehicles from the accidental coverage. This sort of work needs a quick and professional response. Some organization uses bid process for such contracts. Contact the purchasing department or division of your local government for detail on how you can qualify for this sort of opportunity. 

Reducing Costs

Money-saving strategies will also help you to retain more of your earnings, with regularly comparison shop maintenance contracts and insurance policies. So focus on lean operating strategies with regular budget reviews to ensure you are not wasting time. Consider the values of outsourcing operations such as payroll and accounting and track your advertising to ensure that you are increasing your marketing dollars. 

Non-Profit Partnerships

Nonprofit organizations represent a potential source of business, when someone needs to donate an inoperable vehicle, the nonprofit contact a towing service to retrieve the car or truck from its current position. Arrange the do not to pick up, and deliver the vehicle to the non-profit premise for a preferred drop-off location. 

To inquire regarding joining the organization’s towing company visit the nonprofit director to ensure that you present a professional appearance and fulfill your donation and another donation requirement.