Mike Sancho Review – Automated Trucking A Serious Business To Consider In 2024?

Mike Sancho is a professional trader, serial entrepreneur, and public speaker in four different continents. He’s been featured on MSNBC, ABC, USA Today, Fox News, Market Watch, and Benzinga. Plus, he’s acquired 14 companies, employs 350+ employees, and owns 4 DFY full-service businesses.

However, one of those DFY businesses is automated trucking. It’s a unique approach compared to other popular DFY niches, which usually center around digital businesses, such as Amazon FBA. The question is - is it worth investing in? Should you spend your money on an uncommon business model? Or should you avoid the trucking industry altogether? Because in comparison to something like Local Lead Generation, which mostly relies on making simple websites to grow a profitable business, a trucking company seems more difficult since there’s a large, expensive truck involved. But is that really the case? 

In this Mike Sancho review, we’ll be going over all that - as well as:

• Who is Mike Sancho?
• What are People Saying About Mike Sancho Online?
• Is Mike Sancho a Scam or Legit?
  
• What is Wealth Accelerators Trucking Automation?
  
• How Do You Make Money With Wealth Accelerators Trucking Automation?
  
• Who is Wealth Accelerators Trucking Automation For?
  
• Do Students of Wealth Accelerators Trucking Automation Actually Make Money?
  
• What Does the Wealth Accelerators Trucking Automation Program Come With?
  
• Risks Involved With the Trucking Industry?
• Is Trucking Still Relevant in 2024?

Pros & Cons of Mike Sancho and Wealth Accelerators Trucking Automation

Is Trucking a Serious Business to Consider in 2024?

Yes, if you’re interested in a trucking business then it’s worth pursuing. If you look at the graph below, you’ll see that truck drivers are in a shortage. And it’s projected to get worse every year:

Truck driver shortage in the United States from 2011 to 2030 (in 1,000s) - Statista

So there’s definitely a gap you could fill without worrying about over-saturation negatively affecting your trucking business. On top of needing more truck drivers, the operating revenue (i.e. revenue generated from a company’s primary business activities - cargo transportation in this case) for the trucking industry has grown steadily as well. If you look below, you’ll see the operating revenue for the trucking industry jumped from 325 billion dollars to about 375 billion dollars during 2020-2021 (see last two bars):

Operating revenue of the U.S. trucking industry from 2009 to 2021 (in billion U.S. dollars) - Statista

Basically, there’s both need and profitability in the trucking industry. However, according to Alexander Dovgal, an expert in the transportation industry, roughly 85%-90% of new trucking businesses fail their first year. Why? The major issue is how difficult it is to deal with all the red tape and assorted expenses. First, there’s DOT (Department of Transportation) registrations that need to be handled. You also need to inspect and maintain your truck so it performs well. Plus, you need to deal with variable expenses like toll fees, gasoline, tire repair, and more. It’s got all the problems of running a small-business plus truck and driver management as well. Essentially, lack of experience is a big problem when starting a business in the trucking industry. 

So in this sense, a program like Mike Sancho’s Wealth Accelerator Trucking Automation is a smart way to get in. He’s got the resources and experience so business-killing factors don’t affect you. But that’s only if his program is legit or not. Let’s see if his program is worth the expenses.

Who is Mike Sancho?

Once he got out of jail, he moved back home with his parents in Charleston, South Carolina. He was in debt over $100,000 from student loans, car loans, and lawyer fees, all at the age of 21. So he went to King street and applied at every shop and restaurant he could. He landed two jobs. The first job was at Subway for $7.50 an hour. The second job was a dishwasher at a restaurant called 82 Queen. Mike stayed true to his promise to work hard. He would show up to his Subway job 30 minutes early and handle tasks such as cleaning the bathroom and wiping underneath the oven. And he would also stay late to clean up even after clocking out. 6 weeks later, he was promoted to store manager at age 21. Two months later, he was promoted again to general manager of 5 Subway locations. 

Eventually, Mike Sancho would grow sick of Subway so he went back into entrepreneurship with a renewed work ethic. He knew there were options other than selling marijuana since he did network marketing when he was 19 years old. So he got into real estate and started flipping houses. Unfortunately, he went broke doing that from lack of resources. So he was forced to rejoin the work forces. Mike would redo this process of leaving traditional work for entrepreneurship 4 times in total before he could finally make it work. 

During which, he worked at Lowes, an Italian restaurant, and even an arcade. He did have some success with entrepreneurship but there were always problems. One network marketing company he worked with led to him earning over $25,000 per month in residual income. But the owners fought and disbanded 6 months after Mike joined them. He joined another network marketing which he gained 6 figures doing. But again, the owners fought and disbanded the company a year after Mike joined them. It wasn’t till he joined another company that he was able to regain his six-figure income. And although he’s still working with this company today, the unreliable nature of the businesses Mike worked with led to his great interest in diversification. 

Mike has since invested time in learning about real estate, e-commerce, Forex trading, and more as well. Today, Mike Sancho runs four different automation-style businesses, including Amazon FBA, Youtube, Trucking, and Facebook stores. And with his 14 acquired businesses and 350+ employees, he has 50 million dollars in sales to his name. 

Lessons Mike Sancho Wants Every Entrepreneur to Learn

What are People Saying About Mike Sancho Online?

There’s not much talk about Mike Sancho online. If you go on his Facebook or Instagram, you’ll see plenty of generic motivational comments but nothing about actually generating money or being scammed (which are the two things we’re concerned with the most). On top of which, there’s nothing on Reddit either, save for a random post about an esports company Mike’s working with - Nobility. 

Why Local Lead Generation Is Quicker & Easier Than Automated Trucking

The idea of a done-for-you automated trucking business is definitely interesting. But at the end of the day, it’s expensive, unproven, and will leave you stuck if Mike Sancho suddenly backs out for any reason. Even if Mike transferred complete ownership (truck and all) to you, what would you be able to do? All the knowledge and experience is in Mike’s hands. The business would go bankrupt before you could figure it all out. It’s quite risky without much reason to believe it’ll work in the first place. 

Instead, you’d be much better off building something you own and understand - piece by piece. It’s why I’m such a big fan of Local Lead Generation. It requires more work upfront (building basic websites mostly) but you’re not down tens of thousands of dollars and don’t necessarily need to wait 1-2 years to break even. In fact, if you can find just one business owner to benefit from the simple websites you create, you’ll instantly have $500 - $1,500 in your bank account every month. Learn more about how Local Lead Generation works today.