Transportation is a mode of communication from one place to another. In today’s world where time is everything, most of us use public or private transport to go from one place to another. Also, transportation does not limit itself to travelling.
It covers important aspects such as ambulance, medical emergency, outstation, shifting etc. Moreover, the traffic problems in several big cities have also laid the path for public and private transport to occupy the roads. Therefore, lot of people depend heavily on transportation.
In lieu of the above fact, transport industry has seen a sudden boom in the market. We witness daily the rise in cabs on the road. It has turned out to be a profitable business and lot of people are seeing it as a startup business idea.
There is no doubt that one will need some basic investment and skill to start a business in this field but undoubtedly the returns are huge. Let us discuss some of the basic transport business ideas which can be taken up immediately in market.
Different profit making transport business ideas for 2020 are as follows:–
#1. App Based Taxi Service like Uber
Mobile apps based taxi service such as Ola and Uber are on the rise. It is a convenient mode of transportation and preferred by most of the people.
You can start by just becoming an Ola-drive in partner. All you need is to get your car number registered in the regional office and submit some basic documents. That’s it and you are all set to start your own business. It depends on you as to how many car numbers are registered which can run on the road. Just keep in mind that you need a good driver with good driving skills to get you a good return.
#2. Car shuttle service
Car shuttle service mostly refers to point to point pick up or drop to a particular location. This facility is mostly availed by the company employees.
Employees book cabs for their employees through a third party agency. You can get into a contract with one or more such companies and earn a healthy profit. These days’ different cabs are being introduced for women who work in the night shifts. The charges are usually high for the pick-up/drop thus giving you a substantial profit.
#3. Outstation car rentals
There are so many agencies who are running this business currently. You can also set up your own agency. Usually outstation car rentals take people on a trip. It could be for few days, weeks or even months. The charges are usually high along with driver charges.
Frequent trips on a regular basis can give you very good returns. You can start your own business however initial investments may be high. It has one core mantra, try to own different types of car as people mostly prefer comfortable cars for outstation travel.
#4. Courier service
With the rise in online shopping, companies like Amazon and Flipkart require frequent courier services in short time. This lays the platform to have a transportation business. The pricing is fair and there will be transport on a daily basis. Therefore, both work and money are the heart of this business.
#5. Truck transportation service
Truck transportation services are really important as they carry heavy goods across the state. It is indeed a risky business but the profit is high and regularly transport of goods can take place.
There are few things to concentrate in this business such as a valid license, good driver, interstate transportation valid documents etc. The investment is certainly high but the returns are equally good.
#6. Passenger bus service
People travel to and fro between cities and states and bus services are very important for them. Therefore, passenger bus service can be a good option for a business.
Although the initial investment is heavy, however bank loans are available for the same. It requires a skilled driver and the profit margin is really high. Remember that the vehicle should be registered at the RTO office.
#7. Medical emergency transportation
We all know the ambulance cost these days and keeping the fact in mind, medical emergency transportation can be a good business option.
Initial investment is high but a suitable tie up with the hospitals can generate huge profits. Also, it is important the ambulance is equipped with the basic medical facilities for a patient.
#8. Non-emergency medical transportation
Non-emergency medical transportation involves the transfer of medical aids like medicines, medical equipment, infrastructure such as chair, tables, beds, pillows, bed linens, writing pad, pen etc. it is really a profitable business which one can take up.
The most important criteria are to identify good hospitals where demand is very high for these stuffs and also tie up with a supplier for the same.
#9. Bicycle rental services
Bicycle rental services is another good option to start a business. The initial investment is less and maintenance is also very low.
These days almost all the major cities have bicycle rental services and fitness freaks go gaga over it. You can rent it on a daily, weekly or monthly basis and get handsome revenue from it.
#10. Livestock transportation services
Livestock transportation normally includes the transfer of cattle, chicken etc. they are mostly transferred from one city to another. This also requires minimal investment but profits are high. You need to have a strong tie up with the suppliers to maximize your profits.
#11. Packers and Movers service
This business has gained a very significant momentum in the recent years. Packaging of household or company goods and transferring from one place to another is worth taking the risk in business.
Just ensure that the products are not damaged during the transfer and the delivery time should be fast. Also, try to find a place in the good books of the customers and your clients will increase day by day.
#12. Travel agency
Travel agency is very common these days and lot of people approach them for their trips and plans. Therefore, this is considered to be a profitable business and investment can be made based on one’s capacity.
Usually for a travel agency business to succeed, networking is very important. You must have a collection of cars with good drivers to gain customer’s confidence. Once the business is set, you are all set to gain.
#13. Air ambulance
Air ambulance is definitely a costly affair but the returns are huge as well. Air ambulance often means the transport of patient and medical equipment by airplane, helicopters etc.
It requires a valid license for the pilot and the investment is usually high.
#14. School bus/taxi for kids
School bus, taxis are available on a budget and is one of the most popular transportation business. School going kids normally avail the bus services and the it generates a good monthly income. Not just kids, even school going students avail bus facility.
All you need to do is to tag yourself to a school and that’s all for the business to survive.
#15. E-rickshaw service
To travel within the city, rickshaw service is the best. Moreover, rickshaws are not very costly and is one of the most preferred mode of transportation.
Owning few rickshaws can generate a good source of income and it can multiply as and when the business flourishes.
#16. Bike rental service
Adventure has become a hobby for most of the people and especially the bikers. This has laid the path for the bike rental services. You can give a bike on rent for a day or two or even for a week and charge on a daily basis.
You need to maintain good quality bike and check out for the biker’s favorites. It is a onetime investment and the returns are huge.
#17. Milk carrier transportation
This is another profitable business. We see several milk vans early in the morning delivering milk packets to shops and in mass. You can get a van and start delivering the milk packets.
You need to have a good rapport with several shop owners for more business and profit. You need an initial investment for the van and the milk packets and rest is all profit.
#18. Grocery transportation
Grocery is a daily need and its transportation can be considered to be a very profitable business. Open ended autos can serve the purpose of transporting groceries from one point to another.
Also, you need to know the buyer and the seller to transport the groceries from one place to another. The more you can deliver, the higher is the profit.
#19. Airport transport services
These days several cabs like Meru offer airport transport services. These cabs are dedicated for airport services only and are available at the click of the button.
Hence, owning such cabs and helping people to reach the airport can earn you a good profit. Usually the prices charged for such transportation are high and therefore yield higher margins.
#20. Shipping and small boat services
Undoubtedly, shipping is not a poor man’s job. It requires lump sum investment however the gains are equally higher. You can own a ship for transportation or run a cruise for high worth guests. Even small boat services are in much demand now. It can be for recreation or even used in transportation.
People in flood affected areas mostly travel through boats and are used in rescue operations. This is a good business and can earn you high returns.
We have seen different transportation business which can yield good revenue. It is up to one to decide which one he would like to choose to start his business. The opportunities are immense, however the selection depends on an individual choice.