How To Start A Logistics Business – Complete Information
Logistics Business means Transport Business. Meaning your business will work to move things from one place to another. For example, if a person has to take his household goods to any place in the same city or take it from one city to another, this kind of work is done in Logistics Business, i.e. Transport Business. It earns a lot of money. This is why many people are investing their money in this, and the government is also encouraged to do it.
You must have heard little about Logistics Business, but we all use it a lot. At present, this is a very high running business and earning is also good in it. If you want to do Logistics Business, then in this article, you will get answers to many questions related to Logistics Business.
Why Logistics Is Important
Although many small businesses focus on designing and producing their products and services to best meet customer needs, if those products cannot reach customers, the company will fail. That’s the significant role that logistics plays. But logistics also affect other characters of the business. The more efficiently raw elements can be transported, purchased and stored until used, the more profitable the business.
Organizing resources to allow for timely delivery and use of materials can break or make a company. And on the customer side, if products cannot be produced and shipped in a timely manner, customer satisfaction can decline, negatively impacting a company’s profitability and long-term viability.
How To Start A Transport Company
The logistics industry is one of the highest profit-making industries in India. Looking at the startup culture in the country, one can start a logistics business in India. They have to find out how? So, to help you out, we have prepared a comprehensive guide on how to start a transportation business in India. Of course, to start a logistics business, you have to start your own logistics company or a transport company. For this, you will need different types of trucks like 10 wheeler trucks, 18 wheeler truck, 14 wheeler truck and many more. However, there are few things to keep in mind when starting a company.
Registration Of Transport Company
Firstly, you have to register your company by keeping a good name for your company. Then, you have to register based on the GST number, shop act license, industry to start a company. Finally, your company will be registered with an expenditure of about 10 to 15 thousand rupees.
Where To Get Investment?
To start a logistics business, this question comes to everyone’s mind about where we can get the investment. Not to worry, we have a banking facility for this. For example, you need a 10 wheeler truck, then banks (Private or Government) can finance up to 80% of your 10 wheeler truck price. You have to pay only 20% of your truck price as a down payment.
Driver And Helper
Two people are essential in this business. One is the driver who will drive the car, and the other is the helper who will keep the goods from here to there. Therefore, you will have to appoint both of them. Therefore, keep the budget of the salary of both of them ready.
You have started the company, but the problem comes when work is not available even after starting the company. For this, you have to put a little mind and find out where you have started your company, where the transport work is done, and what distance. Then, accordingly, you can begin your work. Like:
Go to the industrial area of your city and inquire about the transport there. Then, tell them about your offer.
- You can carry out the work of carrying things from the village to the city every day like milk, vegetables, fruits etc.
- You can do the work of transporting the goods of the travellers to any other place in the city itself.
- You can take orders for delivery of products that come in big showrooms as they carry a large number of goods and for this, a big vehicle is required.
- If you have contacted before starting the logistics business, it is an excellent thing because your work will go on fast, and you will also grow very quickly. But if you lack work in the first place, it may take some time for you to grow.
Transport Business Cost
The cost of this business is not fixed. It depends on the vehicle you have purchased. For example, if you buy a small car for transport, your work will be done for 10 lakh rupees, but it will cost accordingly if you buy a truck for transportation.
Logistics Business is such a business that will always make you earn. For many years to come, nothing will happen that can end the logistics business or transport business. So if you have information about Transport business, then you can start Logistics Business.
We hope that all the doubts in your mind will be cleared from the above information. Still, if you have any doubt in your mind, then do not worry; stay with us and wait for our next blog. We will again provide exciting information for you.