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The transportation and logistics business involves the inward and outward flow of goods from manufacturers to the final consumer. The process is very vital to the development of any country.
With the advent of globalization, changing lifestyles, and demands for specific goods, opportunities abound in the transportation and logistics industry. But selecting the most profitable business ideas can be quite challenging. That’s why this article details some of the most profitable transportation and logistics business ideas for skilled Africans. These recommendations are based on insightful analysis from reliable sources like Entrepreneur, Profitable Venture, Fast Capital, etc.
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According to The Nation, the air cargo transportation industry represents 35% of world trade by value at over $6 trillion. Air cargo is time-saving, effective, and favored for sending shipments from one country to another, and Africans can benefit.
So whether you’re in South Africa, Nigeria, Kenya, Ghana, Ethiopia, or Mauritius, starting an air cargo transportation business is lucrative. Remember that the industry is capital-intensive, so getting prior knowledge is necessary. Consider becoming an understudy to experts online or get some form of apprenticeship to get started with a proper understanding of the business nature.
According to Fast Capital 360, starting a trucking business is lucrative for short and long-term investors. It is one of the most profitable transportation and logistics businesses to start with moderate capital. Trucks can deliver different products from manufacturer to wholesaler and to retails in any country.
Consider selecting based on interests while shed delivery, car hauling, home improvement equipment, and livestock haulage are a few trucking business niches. Furthermore, Africans can dabble in diesel, gasoline, and agricultural equipment trucking business for rewarding opportunities.
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According to Small Businessify, offering courier services is a profitable business idea with rewarding opportunities. With eCommerce becoming increasingly popular, door-to-door delivery of goods and services becomes essential, making courier service necessary. The idea is to satisfy any customer’s need to buy an item and get it delivered to a preferred location at a fee.
Consider putting a pricing structure and parcel tracking options before commencing this business. Beginners should consider offering grocery, pizza, laundry, medical, beverage, and eCommerce courier services to generate high revenue.
According to Profitable Venture, shipping services are among the best transportation and logistics business ideas that ensure a steady income. While shipping services are integral to transporting goods from manufacturers to consumers, Africans can earn a decent income without national barriers.
If you have experience and expertise in importing and exporting goods, consider this lucrative business idea. However, the business idea requires passion, dedication, effort, and practical strategies for successful results.
According to Make in Business, a car shuttle service is a lucrative transport business idea if you start with an effective plan. This sector offers endless money-making opportunities, and Africans that can make different professional shifts can generate revenue.
This idea is a specialized business plan providing demanded or scheduled transport services to clients. Starting a car shuttle business requires purchasing or leasing vehicles, insurance, licenses, and renting office premises, and Africans can benefit. Besides, you can run a sole trader business or partner with a trust, company, or even a partnership.
According to Mobile Tech, car detailing involves cleaning, restoring, and adding finishing touches to any vehicle’s interior and exterior. You can earn a high income in this industry if you add finishing touches, including vacuuming, polishing, and waxing to vehicles.
While this business is profitable, it requires a clear plan for successful results. Consider determining your target market, start-up, ongoing cost, and how much you’ll charge customers, and research before starting this business. Besides, this idea can quickly become your most preferred transportation and logistics business.
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According to Business News Daily, starting a travel agency is a quick way to make money in the transportation and logistics industry. With the increasing numbers of travelers globally, Africans can generate revenue in the industry with a travel agency.
Travelers have specialties, so consider selecting a niche and earn from vacations and trips. Many Africans have the resources to start a travel agency, but you don’t have to do it alone. Africans can start the business through a franchise for quick accreditation and minimized budget.
According to Entrepreneur, starting a driving school is an excellent business with high-profit potential and rewarding opportunities. By starting a driving school, Africans can benefit from the increasing numbers of trucking businesses and drivers.
While the business requires accreditation and significant capital investment, Africans can benefit from teaching customers truck driving. Consider getting licenses and essential equipment for a smooth operation and leverage the internet and social media platforms for advertisement.
Africans can earn high income by providing air cargo transportation services, trucking business, and courier on-demand services. You can make money starting a car shuttle and detailing service and even a travel agency without national barriers. Africans can benefit from these profitable transportation and logistics business ideas with money-making opportunities. Now you know the most beneficial transportation and logistics business ideas for Africans, consider extensively researching each point before selection.
*The views expressed in this article are the views of a contributor at Business Insider Africa. It does not represent the views of the organisation Business Insider Africa.
About the author
Olayinka Sodiq is a qualified writer with technical, analytical and copywriting experience gained from 5 years of both in-house and freelancing gigs. He is versed in finance, investments, technology, blockchain, mergers & acquisitions, bankruptcy, etc.
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