Every individual wants to have a secure and professional career that gives them good returns in the form of money, job satisfaction, growth, and opportunities. So, whenever one talks of a professional career, the million-dollar question that arises is which business is to be started? How to be started? When to start it? One has to find the answer to all these questions to kick start a successful business or profession.
However, if you are planning to start a transport business, then this venture is also the best option to go for career-wise. One important thing required is to chalk out a specific strategy and also should have an inbuilt passion to start with the transport or logistics business.
You can initially start the business on a small scale and then eventually after you gain the required experience and expertise of its operations and get deep insights into the business activities you can slowly transform your small-scale transport business into a bigger one.
So, by continuing with this discussion, we will focus on what is the right time to start your transport business so that you can witness great success and growth.
To Start The Business In April | Why?
Is there any particular or specific period to start the business? Is there any specific month or a day to start the business? No, it is not like that, for you can start your business any time, the only thing you need is to have a proper and well chalked out plan and guidelines that will take your business in the right direction.
If you are a total newcomer in the transport business, then you should kick start your business venture in March and April. Starting the business during these months will help you reap decent earnings and your business also sets up strongly in the acumen. This is so because, during April and May, you easily get good business leads. The transport business is at the peak point during April and May and you get good business.
After November there is a slowdown in the logistics business. However, if you work hard in a dedicated manner during these 8 months then you can easily achieve great returns and leave a unique mark in the business acumen.
Benefit
Maximum Booking
Transport business without any doubt runs for 365 days and this business does not witness any recession. Even then if you talk of availing maximum business, the period between, April to December is the best period for you can get maximum booking order during this period. During the period of these two months, there is a great boom.
For normally during the period of these two months industrialist or distributor, supply their maximum to maximum production in the market. A bus transporter is in search of such an industrialist or distributor. The transporter can work either on a commission basis or on a franchise basis with such a distributor or industrialist.
Permanent Client
If you talk about business growth then it is important to note that your business growth is dependent on the volume of the client. Good and regular clients are your real earnings. One of the basic principles of business growth is to get a maximum number of clients. With good and customer friendly services you can make regular clients and work with them for a long period.
The only thing you should make note of is that you need to provide time to time services to them. They work with you as a regular client network. Good clients also play the role of multiplication by referring you to other customers. On average 50% of the clients provide new references or business. So you must make sure that you deliver quality and timely business services by focusing to improve the quality continuously.
Quality Experience
Since you are new to the transport business, your only motto is to gain experience and to gather deep insights into its operations. You can earn once you are settled down. Working in this industry for one full season you will gain core knowledge of this industry. This knowledge is very helpful for you for smooth conducting of the business. Client dealing, booking, dispatching, invoicing, banking, and other transportation information provides you with a good quality experience that cannot be purchased. With good quality experience, you will develop the skill of good transport management system.
Network Touch
One of the main principles of the transport business is that you need a robust network to carry out the operations in a seamless manner. Once the branding of your business gets started then it is easy for you to get a business offer from any location. However, you will not be able to provide service in every location.
At this point, you must develop a good business network and provide the service. Whatever be the service – FTL Service, PTL Service or truck providing service, etc you can easily provide the services to your clients with the help of a robust business network.
Financially Strong
It is rightly said that – “Necessity is the mother of invention”, for having a strong career or for reaping great earnings, everyone has to struggle in one way or the other. Only after working for some months, your business gets nicely settled.
To give a new shape to your business, you need to have good capital. Transporter needs to invest huge sum of money on multi-location booking office, main power, lorry, etc to kick start with the logistics business. This way you will slowly and steadily move forward towards financial independence
Stable Business
After having regular clients, gaining good market experience, and a strong network you finally become a stable businessman. The journey of this business depends on your expertise and proficiency. New challenges and their corresponding solutions bring good stability to your business. Just like every other business, the transport business also has to pass through the ups and downs and the correct road map and strategy will help to provide the required stability for your transport business. With a stable business, you can easily approach big brand names and achieve great business leads.
Which Model Of Transport Business To Start
Now a million dollar question arises which business to start with for the transport industry is very huge and vast industry vertical with many business opportunities one can choose from.
It is the best business venture which can be started with less investment or costs.
So, you can choose the movers and packers business venture. Apart from that, truck providing services, warehouse services, delivery services, freight broker services also you can start with. But these businesses require a huge investment of funds. However, the packers and movers business you can after goods booking work with the registered commission agent. For consignment booking your cost is nearly zero. For good business, leads make use of different sources e.g. Google Adwords, B2B portals, social media, hire skilled Search engine optimization experts, etc. to help get good leads and customers for your transport business.
Do Not Buy A New Truck At Business Setup
If you are new to the transport business and have no experience in this venture, never think of buying a new truck. This will be a wrong and harmful bargain. The truck is costly and is purchased by financing with banks and other funding agencies.
With truck financed, your EMI begins and you will find it difficult to manage the cost of EMI if you are starting the business from the scratch. It will also affect your career.
If there is no loading (goods) then there will be zero movements of trucks and you will not be able to pay the monthly EMI amount, which will put undue pressure. Also, since you are a fresher you will face challenges in the truck providing services too.
Do Not Think For Warehouse
It is advisable to take the warehouse on rent and start with the business. After the booking of the consignment, with the help of a commission agent or dispatching partner shift the goods. Or you can take a small Godown on rent to store the goods and cut the costs.
After having a good amount of experience in the transport business for a long number of years, it is advisable to think of buying your warehouse.
CONCLUSION
Aforesaid is the detailed blueprint of what is transport business, is it feasible to start the venture and reap good earning, and what are the benefits of starting the business in April?
Also in a nutshell the blog explains which transport business model is best to kick start the business and what are the things that should not be done if you are fresher and venturing into the business for the first time.