Investing In Haulage Business In Nigeria

Haulage business in nigeria is rapidily growing and gaining popularity. This is the kind of business you can do in nigeria and make millions despite the hard times involved. This kind of business moves very well in nigeraia because nigerians can only transport goods to other locations through this service due to the very poor state of the Nigerian railway system. Before you invest into this kind of business, i advice you seek a professional advice from those already in the business. 

Starting this kind of business rquires much capital, i cant say how much it requires, as this has to do with your capacity and how big you want the business to be. Haulage business, ranges from carrying goods like kerosine, petrol, containers, premuim motor spitit, diesel, engine oil, drinks, foods, sand, stones, constuction equipments and even cars. The opportunity surrounding haulage service business in Nigeria is very huge. For you to start this business, there are certain requiremaents you have to get in order to succeed. On this post, i will be giving the basic information on how to satart this business in Nigeria. Below are the requirements which you need to start this business.

*1: A good sound trucks which can be able to carry heavy goods for a long journey and sound enough to endour bad roads as that is commom in Nigeria.

The kind of trucks which can be able to serve you better are, (Turbo, Mack, Daf and Mack).

 *2: Haulage Service Company: When embarking on this kind of business, this forst things that comes the mind is setting up your own haulage service company with as many trucks possible and using to render services to the masses and getting heavyly paid. This aspect of the business is very profitable but it also comes with a very high risks.

 *3: Maintenance: This kind of business also requires a high level of maintenace in order to keep tract with other companies and also maintian your customers trust and loyalty.

 *4: Tyres And Safety Gadgets: These are the essential things you need to get into to move smoothly with confidence. Safty helmelt and boots are also very important.

 *5: Company Name: This is serious factor that needs to be considered because without a company business name you are likely not liably to operate here in Nigeria.

Now lets calculate the cost, chrges, fueling and the profit involved in haulage business.

Cost Of Fueling    Charges    Destination        Profits

________________________________________________________

150,000            300,000    Lagos To Kaduna    150,000

150,000            300,000    Lagos To PH        150,000

120,000            250,000    Lagos To Kwara     130,000

25,000             100,000     Lagos To Ibadan    75,000

60,000             200,000     Lagos To Onitsha   140,000

100,000            200,000    Lagos To Jos       100,000

120,000            300,000    Lagos To Abuja     180,000

100,000            250,000    Lagos To Aba       150,000

150,000            350,000    Lagos To Kano      200,000

By this calculation, you can now properly understand the huge profit will be able to make with haulage service business, if ever you decide to invest in it. Among other things involved in this business includes bad road which can make you lose your trucks to them. Your employee on the other hand have the tendency to cheat you by all possible means, if the business is not properly handled with a high level of care maintenance and monitory. If you dont have proper quality tools for maintenance i recommend you invest in another business. As not being properly equiped will result to high loss of money, time and energy.

High Cost Of Fuel: This another aspect which is likely to affect your haulage business, especially now that the nation is facing challenges inthe economic system. To start this business, you also need to have atleast 6 to 10 standard trucks in order to get a comapny business name.

Lessing Out: Lessing out is another way investors can profit from this business as this is more convenient. In this case, all you have to do is to buy as many trucks as possible and get a good reputable haulage service company that can help you manage, maintain it and also pay you for each truck given to them to manage.