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Transportation Business Ideas

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Why transport?

Why do you want to go into the business of transportation? Anyone could have transportation business ideas and make money without ever reading this post.

I doubt I had any influence on the many bus drivers hustling for years in heavy traffic.

Before I start listing ideas on transportation businesses that are out there, I need to be certain that I’m with the right audience.

So I ask again, why are you here, reading about transportation business Ideas?

You see, I wrote this article for three categories of people, and I need to know you’re on board with me and have answered the question honestly.

Now that we’ve sorted that, I’m assured you’re just the right person I need to speak with today.

Our goal isn’t just to talk about the different transport models but to help you launch a business in transport that could and would thrive.

To help you beat the statistics that most business startups would fail within the first two years.

Why transport?

Know Your Target

Market Survey

Deciding on a Transport Model

Know Your Target

Now that you’ve answered the why, let’s talk about whom?

The first step to building a transport service that can last is by identifying your target market. The audience you intend to serve has specific needs; in identifying them, you’d be uncovering your actual audience.

What transport needs have you noticed in your area?

Insufficient rides at specific times and days?

High fare?

Unserved routes?

I remember my days in NYSC; I was not too fond of the buses when I commute. It was frustrating. You could slit your arm while getting off the bus. For me, it was a problem, and I imagine a lot of young people detested these buses.

Where ever was it written that public transports should look like we begged to be hauled to our destinations. I wished I could do something about it.

Start with one bus, insist on maintenance, then grow from there. For me, it was a wish, businesses, but I’m glad we got to talk today. Perhaps, you’re the solution I hoped for back then while I commuted on that monstrous bus.

Market Survey

Market research is very important. No one sets to build a house without first counting its cost.

Like every other business, there are local laws and taxes for transporters. Find out the requirements in your area.

One mistake people make when starting a business is poor financial management. The purpose of this survey is so you can estimate what it would cost to get the company running. No profit made at the beginning of a business should count as profit. What do I mean? Let’s say you pay daily and quarterly tax and dues and spend a specified amount on fuel.

Remember that some days may bring a windfall, and some days might be slow, save the profit from windfalls to sustain you on the quiet days.

It’s about planning.

At this stage, you can determine how long you can work your vehicle before the business can stand.

Remember, the goal is to create a business model, not earn a few coins for a fast meal.

Stay focussed.

Deciding on a Transport Model

You might own a car and may have considered running a few trips for a start, but the fact that you own a car doesn’t mean that’s the best model of business for your environment.

The two categories in transportation are People and goods. Before deciding on the type of vehicle for your business, you have to know the best transport category for your business. 

Remember, the goal of any business should be to provide a specific service.

Always think from the standpoint of service rather than from the point of a product.

In other words, you may need to trade your car for a van if that’s the service your target audience demand.

Courier services

Courier services are needed by B2B and B2C business categories. With many businesses opting for tech evolutions within their workspace, there’s an increase in demand for courier services. The need for courier services is endless.

Think food delivery. As more stores encourage customers to shop online, study the flow of service. Outline the flaws, proffer solutions.

Think Open markets. One of the hassles of the open market is in moving goods from market to home. Some market vendors who sell heavy merchandise like doors, tables, and chairs may offer transport services, but most times, you want to run errands in the open market and still catch up with other activities.

Think wholesale delivery. Think Intercity or state.

You can run a targeted survey using Facebook to find out the kinds of transport solutions people need. This helps you narrow down the specifics of your business.

Imagine how many people in your environment shop at the big market at the end of every month. Imagine how many women look beat up after shopping for a variety of family needs. Consider offering to move bulk items home within a specified neighbourhood (traffic reasons). 

Such service would afford these women time to get home with as little as the grocery bag to prepare the days meal and save them the energy of hauling bags of rice and back to school items that aren’t needed for that day’s dinner.

Requirements for Courier service Business

After pinpointing the exact kinds of goods you’d best transport, you can decide on the mode of transportation.

Your vehicle is key to your business. In building a transport business that would last, I’ll advise you to pick the less crowded business model.

For example, the bike ban in Lagos led to a flourish of bike hailing Apps like GoKada. Not long after, the government also banned all forms of transport bikes. Even private bike owners were harassed by the police.

A moral to the story is to observe market trends and whether they will likely become a nuisance and a target for government policy.

Suppose your desire to start a business in transportation was born from a desire to make extra profit from your vehicle. You might consider trading it to buy a car best suited for courier services.

EXAMPLE: 

MiniVans

Trucks

Courier bikes

Transporting People

The only time the transportation business really took a hit was during the pandemic, when everyone was locked away from the streets. The local andd international market was greatly impacted.

The pandemic proved that it’s pretty hard to keep humans confined. As if we didn’t know that already.

The bottom line is, you’d always find a need in this area.

You could take advantage of companies such as Bolt and Uber, or you could well off start your own company.

GIGM provides leading innovations in terms of intrastate transport in Nigeria. However, Nigeria offers a large market to anyone willing to work and bring in innovation.

Other Business Ideas on Transportation

Car rentals 

Consider business models such as Uhaul, where customers can rent moving vans or hire a professional team to help them move.

There are a few car rental companies in Nigeria. None that I know of is a household brand. You could study this list, observe the existing brands’ business models, and consider rebranding yours to become the first household name in Car rentals.

Driving School 

Many driving schools come across as unprofessional. The vehicles are an eyesore. When Uber was introduced to Lagos, the Yellow cab drivers were agitated as the market flooded with customers who crave better services. Imagine what would happen if the driving schools had someone giving them a run for their money. It could be you. 

Closing Words

I’ve yearned to share these transportation business ideas with someone and I hope one thriving business is born from this post. If you’re new to the business of transportation, I recommend you read this article on closing impossible deals.

Quick Summary

Prefer the short version? Here is a concise recap of the key ideas in this article.

Before deciding on the type of vehicle for your business, you have to know the best transport category for your business.  Remember, the goal of any business should be to provide a specific service. Requirements for Courier service Business After pinpointing the exact kinds of goods you’d best transport, you can decide on the mode of transportation. Other Business Ideas on Transportation Car rentals  Consider business models such as Uhaul, where customers can rent moving vans or hire a professional team to help them move. It could be you.  Closing Words I've yearned to share these transportation business ideas with.

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  57. certainly like your web-site but you need to check the spelling on quite a few of your posts. Many of them are rife with spelling problems and I to find it very troublesome to inform the reality however I’ll surely come again again.

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  62. Oh my goodness! an incredible article dude. Thanks However I’m experiencing concern with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anybody who knows kindly respond. Thnkx

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  67. There are some interesting cut-off dates in this article however I don’t know if I see all of them heart to heart. There’s some validity however I will take hold opinion until I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as properly

  68. Its like you learn my thoughts! You seem to know so much about this, such as you wrote the guide in it or something. I think that you can do with a few p.c. to power the message house a little bit, however other than that, this is excellent blog. A fantastic read. I’ll certainly be back.

  69. I simply couldn’t depart your web site before suggesting that I really loved the usual information a person provide in your guests? Is going to be again often in order to check up on new posts.

  70. Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

  71. In this great pattern of things you get an A+ with regard to effort. Exactly where you actually misplaced me personally ended up being in all the specifics. You know, it is said, the devil is in the details… And it couldn’t be more true here. Having said that, let me inform you what exactly did do the job. The authoring is rather convincing and that is most likely why I am making an effort to opine. I do not make it a regular habit of doing that. Next, although I can easily notice a jumps in logic you make, I am definitely not convinced of just how you appear to unite the points which produce the actual conclusion. For the moment I will, no doubt yield to your point but trust in the future you actually link the dots much better.

  72. I would like to thnkx for the efforts you have put in writing this blog. I’m hoping the same high-grade site post from you in the upcoming as well. In fact your creative writing skills has encouraged me to get my own website now. Really the blogging is spreading its wings rapidly. Your write up is a great example of it.

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