A used bus can make money in ways that many wannabe entrepreneurs might not have anticipated. Due to the state of the economy as it is. Many people want to quit their jobs and start a business so they can sustain themselves, as well as their families and even future employees yet stay profitable. There are several niches businesses that one can enter into and create a successful business for themselves. But one of the most neglected and severely underestimated niches is the general transportation industry. Many people do not have the knowledge and expertise to start a transportation business hence there is not enough competition in this industry.
According to the American Bus Association, tour bus services make up to 40% of the tourism industry. But areas that have no public transportation are also strong markets. If an entrepreneur purchases a bus and puts it to service in the tourism industry. He or she may experience some competition. But if they use their bus to serve the public in areas that do not have public transportation, then they have a monopoly in their niche and market. Before buying a bus make a comprehensive plan, where exactly you want your buses to operate. City centers are bustling with options but sub-urban regions, city outskirts, and the countryside do not enjoy such luxury. These are the places to search for an opportunity to start your own bus transportation service.
When it comes to the nitty-gritty of making a detailed plan for your business. One needs to travel to the target location and stay there for a few days to study the traveling patterns and behavior of the local inhabitants. If hotels are not available then the startup entrepreneur will have to travel to the spot on a daily basis until his study and research are completed.
1. Chose a location that is densely populated. The denser the population the more opportunity and success the entrepreneur will have with his transportation service.
2. Make a detailed map of all the routes and landmarks in the target location.
3. Travel throughout the route and get familiarized with the place as well as with the people.
4. See what modes of transportation people already use to move from point A to point B.
5. Make a note of where the residential blocks are located and where the business hubs are located. Also make a note of where the markets, railway stations, schools, colleges, churches are located.
6. Then find out what transportation people use to travel from their homes (point A) to the market, church, railway station, airport, school, college, etc. and back.
7. Always strive to serve people on the longest route. The longer the distance the better it is. Because this is when they will happily pay a higher fee.
8. Target those destinations that people frequent regularly. Daily or at least weekly. Examples of daily destinations would be a school, college, or place of employment. An example of weekly destinations would be a market or a church.
9. Talk to local authorities about operating a minibus in your target routes and the necessary licenses that may be required to do so.
9. Park your bus at a dedicated spot and spread the word that it is destined for the market, church, school etc. Do this daily or weekly as required.
10. Slowly and steadily people will get to know you and start using your bus to various locations across the area.
11. Entrepreneurs can even offer personalized pickup and drop services on demand and charge a higher fee for customized transportation services.
Once the plan is in place. Then its time to buy the bus. New buses are expensive. Don't even think of starting a new business with a brand new bus. Instead buy a used bus. The ideal used bus should accommodate at least up to 15 passengers. It should have less than 200,000 miles. And it should be less than 10 years of age. Entrepreneurs are not interested in fixing and repairing a used bus. They want to get down to the business of transporting people right away. Hence it is better to buy a used bus that is already fixed and repaired from bumper to bumper. Such a used bus is called a reconditioned bus. And they are easily available for sale from licensed used bus dealerships. They command a higher fee but in return give owners the confidence that they will not break down and will last a lifetime. A used bus needs more maintenance than an automobile. As a precautionary measure its a good practice to do regularly scheduled maintenance every 6 months.
For more information on how easy it is to start a business and make money today with a used bus call Major Vehicle Exchange today and speak to Charles Kaufman today at 516-333-7483!
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