BusinessHABTrucking is considered to be a profitable business because of its constant demand and huge market. Trucking companies can not accumulate in one place because there are so many options for them to choose from.
When you start your trucking company and follow the basic steps of formulating a business plan and fulfilling the BOC 3 requirements to get FMCSA compliance, the next step would be to choose the market you want to target.
Here is a small guide to help you decide on the right niche for your trucking company.
You have to be burning with an idea, or a problem, or a wrong that you want to right. If you’re not passionate enough from the start, you can request publication of your article for publication by sending it to us via our Email below. wikitk126@gmail.com or SMS/WhatsApp) or call +2347034920650. Click here to start business now with businesshab.com
businesshabblog@gmail.com
Market Options For Truckers
Before we tell you how you should choose the market for your company, you should know the various options you have.
Here are some of the profitable niches that you can explore for yourself.
1. Liquid Tankers
Liquid tankers are considered specialized loads and they can give you a good profit. However, it can be a risky business as well.
You will need specialized tankers, especially if you are transporting hazardous liquids. Petrol, diesel, liquid hydrogen, and liquid nitrogen, are some of the hazardous and flammable liquids that you might need to transport.
If you have enough budget to buy the specialized equipment, and your drivers are well-trained, then you can pick this market.
2. Farm Feed
Hay, grain, and other farm feed transportation are one of the best loads you can take. Farm feed transportation is less risky and complicated. Moreover, it is always in demand if you are living in an area with agricultural lands.
The only limitation is that you will have to provide the delivery at the designated time. If you are a hotshot trucker, you can take up this niche quite easily.
3. Flatbed Loads
Flatbed loads are specialized loads that can be very profitable with time. If you have flatbed trucks, you can haul the raw materials for the industries.
This niche is a safe option because many large companies avoid going in this direction because of the complexities involved. If you are in the market for some serious business, you can take over this niche quite successfully.
4. Auto Transport
Auto transport companies earn volumes if they are doing their business right. You need 18-wheeler trailers to carry automobiles from one place to another.
If you have access to a good insurance company and you can take the responsibility of hauling cars, then why not go for it.
5. Agricultural Produce Transportation
If your area is predominantly agricultural land, then it can be a great niche for you. This market might be crowded because of the demand, however, you can make your name with quality services.
Transporting agricultural products such as eggs, fish, meat, poultry, fresh fruits, and vegetables can be difficult. You need specialized trucks, and sometimes stable vans to transport these food items safely to the city.
6. Garbage Trucks
Picking up garbage seems like a dirty job. However, you should know that it can be a great business. Because of its reputation, many big companies avoid going there. So it is always open without much competition.
You can buy a few garbage trucks and start picking up the city garbage. Good thing is, the driver has no direct link with the garbage, so you might be able to hire good staff.
How To Choose The Niche For Yourself?
Now that you know the multiple options you have in the trucking business, you might be confused about how to select the right niche for yourself. Here are some pro tips to find out.
1. Consider Your Budget
Your budget decides what niche you can choose. If you have enough money to buy specialized trucks, tankers, or trailers to transport specialized loads, then you can go for it.
However, if you are low on budget, start with something simple such as hauling cows or transporting fresh fruits and vegetables.
2. Your Comfort Level
If you are comfortable with traveling large distances, you can choose long hauls such as automobile transportation, steel, and other industrial material transportation, etc. If you have no issues with being a garbage man, it can be quite profitable too.
3. Gap In The Market
Before you choose a niche for yourself, you might want to see if the market is too competitive. If many truckers are carrying the same load, you might not be able to make enough profits.
You should look for gaps in the market. You can earn high profits by filling those gaps.
BusinessHAB