If you’ve been wondering what transportation businesses are, it’s simply providing a link between people and their goods, especially when they are unable to get it themselves. Of course, this isn’t where it ends though. It also involves providing transportation for other business owners who need help linking their product to their actual business and clients. This article seeks to bring to your knowledge some transportation business ideas you could earn money with. They are very easy to start with, and for some of these businesses, you can actually start with 10k Naira in Nigeria, or even less…
The transportation business has been on the rise lately and that is why we have brought you ten transportation business ideas you should definitely try out.
10 Transportation Business Ideas You Should Try Out
1. Driving School
Do you have a car and you know how to drive? If yes, that’s great as a driving school is one of the easiest transportation business ideas you should explore. You will need a good working car if you intend to run a small-scale business or cars if you want a larger business. You will have to register with the Driving and Vehicle Standards Agency (DVSA).
To do this, you must be over 21 years old and have held a driving license for over three years, without motoring convictions. You’ll need to write and pass the ADI exam, which is in three stages, and also pass an enhanced Disclosure and Barring Service (DBS) check.
2. Vehicle Towing Service
Cars break down in the middle of the road all the time causing unnecessary traffic and towing vehicles are needed to move them. This is a transport business idea that is easy to get into. All you need to do is purchase a couple of trucks for starters, partner with reliable mechanics, register your business, and promote it.
3. Delivery or Courier Service
This is one of the fastest-growing transportation business ideas being explored by a lot of people. You can start by acquiring a few suitable vehicles, registering your business, and setting up a website alongside social media accounts for promotion and networking.
You can run this business as a one-man work or have employees. People will always need items brought to them, especially with a rapid boost in the growth of online businesses. This ranges from the use of motorcycles, tricycles, and buses and in case of buses where you do interstate deliveries. There are some associations that you have to join where customer care services and regulations are enforced.
4. Car Rental Services
People will always need vehicles for various purposes, especially tourists, visitors, and guests coming to attend a function whether weddings, parties, or just a holiday. All you need is to acquire capital and purchase a few cars to start this business. Register and proceed to advertise to earn clients or customers.
5. Bus Services
This is one of the most lucrative transportation business ideas there is. A lot of people cannot afford to own their private vehicles and so take buses, also referred to as public transports. To start this, you need to purchase a few standard working buses, register them and hire qualified drivers. You also need to get the buses registered with the National Union Road Traffic Workers (NURTW).
6. Mobile Gas Filling
A lot of people are often busy and have a lot on their plates. They do not have time to do some basic things such as refilling cylinders. You can purchase a few motorcycles or tricycles and employ qualified people to drive them to and fro, pick up cylinders from people’s homes, fill and return them.
7. Taxi or Cab Services
This is one of the easiest business ideas you can start. If you have your own vehicle, you can get into it easily and run it independently without much stress or issues. There are different platforms such as Bolt and Uber. You will have to register with them online and fill in the required details. Even if you do not have a car, you can apply for a car too.
8. Ambulance Services
This is one of the good transportation business ideas and untapped aspect of the transportation business. This is a medical transportation business that involves helping move sick people around especially during emergencies like accidents, heart attacks, labour, etc. You will have to obtain a permit from Health Insurance Portability and Accountant Act (HIPAA). This will be given to you if you meet certain requirements which you can look up at their website.
You will also need to buy large vehicles and install appropriate equipment like an ECG monitor with a defibrillator, medication bag, cervical collar, etc. You will also need medical personnel to be present at all times in the vehicle when transporting a patient.
9. Motorcycle Business
This is also referred to as okada and is the most common, cheapest, and easiest transport business to get into. All you need to do is buy a Bajaj motorcycle; it is the commonest type of motorcycle used. There are local organizations available in your local area. Ask around and register with them, obtain a license for your motorcycle, and start your business.
10. Tricycle Transportation
This is commonly called keke napep and it’s also another easy transportation business idea you can explore, enjoy, and make revenue from. You’ll have to obtain a keke napep, get a license for it, and hire an employee if you want to, or run it yourself.
Different organizations will be accessible to you in your local community where you are running your business.
These are the transportation business ideas you can easily get into and for any idea, you decide to pursue, you will have to register with the Corporate Affairs Commission (CAC) and acquire a license. Transportation businesses are very lucrative. One of the oldest transportation companies in Nigeria, God is Good Motors have estimated annual revenue of $1.9M and according to research, the Nigerian transportation services industry group had total revenues of $5,111.7m in 2019, representing a Compound Annual Growth Rate (CAGR) of 5.8% between 2015 and 2019 and continues to increase.
To launch any transportation business, you just need to perform market research and make a decision on which you want to get into.