Now, when it comes to haulage business in Nigeria, I usually get excited about talking about it. This is because, having a family friend who is involved in it, I have gained so much information and other benefits from it. If only I had the startup capital, I would have invested in it. But then, since I cannot just yet, I guess I could encourage others to invest in this goldmine in Nigeria.
[sociallocker]Haulage or truck business remains one of the oldest businesses in Nigeria, where people have been making millions annually. Before I explain the amazing reasons anyone should invest in truck or haulage business in Nigeria, let me do a little explanation on what the business entails.
Haulage business involves transporting goods from one location to another, using trucks tankers, trailers, cranes, tippers, etc. of different sizes and types. You could transport different items including, building materials, goods, petroleum products, animals (this is not so common), food items and so many other items.
Now, why should you go into haulage business? Why should any entrepreneur consider starting haulage or truck business in Nigeria? Here are 8 reasons to start truck/haulage business in Nigeria and make good invested returns;
- There is Always a Need
Haulage business like I earlier mentioned involves transporting of goods and other items from one place to the other. One reason to start such a business is the fact that people would always need to transport items from one place to the other.
Manufacturers are always producing goods that need to be transported to wholesalers, wholesalers need to transport to retailers and even retailers sometimes need to transport items to the consumer.
One thing I know every entrepreneur loves to hear is the fact that there is always a need for their product or service, and that is one thing haulage business offers.
- Demand is Greater than Supply
With the lot of demand for haulage companies in Nigeria, there is actually little supply. Hence if you decide to start haulage business in Nigeria, there would definitely be a market for you. The demand is still greater than the supply and even with more manufacturing companies popping up here and there, construction sites here and there, needing sand, stones and things of that nature, the demand for haulage companies is ever increasing and that is one reason to start a truck or haulage business in Nigeria.
- Huge Return on Investment
Yes, people might be discouraged about starting truck or haulage business because it is capital intensive, but then have you considered the profits to be made? You could stand to gain about a hundred thousand every week after extracting costs, fueling and other expenses.
So yeah it might be capital intensive, but then you stand to get huge return on your investment when you start a haulage business.
- It is not Labor Intensive
Another reason to start haulage business is the fact that it is not labor intensive. Since you are not the one driving the haulage vehicles to deliver items, neither are you the own loading and discharging the items at their destination, you do not get to do much, hence it is not labor intensive unlike some other businesses.
- It is not Economy Dependent
When it comes to truck or haulage business, business is never slow. Despite the state of the economy, goods would still be transported from one part of the country to another, houses and other buildings will still go up, manufacturers and wholesalers would still deliver items to customers and consumers. This is another reason to start haulage business as an entrepreneur.
- It is not Time Consuming
Another reason to start haulage business in Nigeria is the fact that haulage business is not time consuming. As soon as you set your truck or any other haulage vehicle on its journey, you are free to do other stuffs. You could decide to handle another business on the side since you would have a lot of free time. All you just need in having good strategy in place so things run by itself.
- There are so Many Niche to Choose From
When it comes to haulage there are so many areas to select from, and this is another reason to start a truck or haulage business today. If you think petroleum products are too risky to transport, you could go into food items.
If that still does not do the trick for you, you could invest in haulage of building materials. Whichever it is, you could always get something you are interested in or one that suits your location.
- Getting Investors Would not be Difficult
The final reason to start haulage business I am going to share is the fact that getting investors to start your haulage business would not be difficult. This is because haulage business is one business that has been around for a long time. It is one of those you could refer to as “tested and trusted”.
So if you apply for a loan from the bank or any other investor, you would not find it difficult getting a positive response. The haulage business is one that has risks no doubt, but that is the same as every other business.[/sociallocker]
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