Do you want to make money moving humans and goods from one place to another? If YES, here are 50 low maintenance transportation business ideas with high profit in 2020.
Large transportation companies enjoy economies of scale as regards purchasing and the ability to provide a more extensive service. Small transportation businesses can compete better in local and regional areas. The industry is largely fragmented with 40% of revenue generated by 50 largest firms.
If you are looking for a business in the transportation sector, then here are 50 lucrative business ideas for your consideration;
50 Best Transportation Business ideas & Opportunities in 2020
- TRICYCLE TRANSPORTATION
The opportunities for the tricycle transport business are enormous. This stems particularly from its unique features and advantages. Its portable nature, route flexibility, convenience for charter service, maintenance efficiency, durability/life span among others adds up to its tremendous business opportunity.
The establishment and creation of new route for tricycles across the state is a contributing factor. The business is practiced in almost all part of the world.
Although the tricycle can be ridden interstate, it’s restricted to intra-state operations because of the high risk involved in inter-state movement. The business is a lucrative one as it has tremendous opportunities for expansion. The threat already posed to the private commercial buses will give rise to the surge in demand for tricycles as against bicycles.
You can consider the trucking business. There are large chunks of imported goods that need to be transported to several towns and cities until they reach the small retailers and final consumers. Trucking and haulage are the vital links that connect imported, manufactured, and cultivated goods to final consumers like us. Without these heavy-duty trucks and tankers, commerce may somewhat be at a halt.
- BECOME A TRAFFIC CHANNEL OPERATOR
Generally we get traffic updates from the FM channels. Establishing a radio channel dedicated for traffic updates is a highly potential career for today’s world. Engaging the Government traffic professionals in your channel to keep the people updated will give your career an extra boost towards the success. Even though this is capital intensive in the short run but a profitable long-term career.
- PRIVATE JET CHARTER BUSINESS
While some of us wouldn’t mind to hop on the economy section of a plane, some people cannot be caught dead traveling ‘economically’, they would rather go business/first class. And there are also some that wouldn’t even be caught dead boarding a public plane at all; they want their own private plane for comfort, privacy and luxury purpose and because they cannot be bothered with the flight delays, cancellations and general unreliability of airline companies. As a private jet charter company, you have to know who your customers would be.
- BECOME A CAR HIRER
The car rental career is a very lucrative career, especially when you are located in a strategic place especially a city with huge population, commercial centers and entertainment outfits. The vehicles you hire to customers must meet higher safety