How to Start a Courier and Logistics Business in Nigeria (Business Plan)
Looking for a resource or guide on “How to Start a Courier and Logistics Business In Nigeria”?
This article comes with a free business plan outline for a Courier and Logistics Business in Nigeria.
This strictly involves moving goods from one destination to another, from the manufacturer to the ﬁnal consumer. The need for this business has risen since the advent of online transactions and e-commerce, the goods bought online had to get to the buyer without still defeating the purpose of not needing to meet the seller to get your goods, a characteristic of the eCommerce business. Hence the intervention of logistics, the rising, and expanding use of the internet for the purpose of buying and selling makes this venture formidable and viable. But it is quite easy to lose capital and fall back to square one if the knowledge of how to set it up is not gotten.
Ineffective logistics is what all e-commerce businesses avoid so therefore to succeed in this business, you need to be grounded in all facets of the business and you need to deliver topnotch service.
Growth in this industry is directly proportional to growth in the manufacturing sector, consumption, and also in the use of the internet for buying and selling, and also increase in technology reliance will mean growth for logistics.
How Does Logistics Business Work?
A logistics company tasks itself with the planning, execution, and controlling the movement of goods and services from the points of production or sales to the point of consumption. Logistics may also apply to warehousing, transportation, inventory, packaging, material handling, disposal and security within the business sector.
Is Logistics Business Profitable in Nigeria?
The proﬁtability of a logistics business is determined by the volume of customers you can acquire relative to time, prices, and eﬃciency. The point is the moment your strategy has penetrated the market and ensured you retain customers and have them coming back, you will definitely yield huge profit.
As long as the e-commerce business keeps advancing, the logistics business will still be relevant and proﬁtable.
Equipment Needed For Logistics Business:
- Buses, trucks, bikes, and anything to move the cargo
- IT facilities and software to keep accounts, inventories, records, and other things that need to be documented
How to Start a Courier and Transportation Business?
a. Deﬁne Your Mode Of Operation
Defining how you would carry out your operations is basically what you’ll do before even getting any equipment and space, defining the mode of operation duly involves stating your terms of service; delivery might intrastate, interstate, or even beyond the shores of the nation, you might employ the uses of buses, trucks, bikes or even all, is your focus going to be on a particular industry or it is going to be wider and encompass a few industries, will you offer the services on a one-off basis or will there be a contract that will bind you to particular businesses for stipulated times.
b. Draft A Business Plan and Register your Business with CAC
This cannot be overemphasized, a lot of people seem to jump into ventures these days without tailoring out every aspect of the business, this often results in a quagmire for the entrepreneurs. Draft a business plan, and if you cannot draft a business plan, consult a business consultant.
The business plan can also help you apply for loans from commercial banks and other forms of business grants. Also, you can get an investor or venture capitalist who is interested in your business idea with a good business plan.
Also, the business has to be registered as this unlocks a few liberties that can only be enjoyed by business owners with the CAC registration.
The information that should be in your business plan are:
- An overview of your logistics business
- Executive Summary
- General company description
- SWOT analysis
- Market Research
- Your Strategy
- The Team
- A marketing plan
- An operational plan
- Financial projection
- An appendix
c. Set Up A Website For Your Logistics Business
Having an online presence is very important for almost every business these days. It is very important and will be helpful for the logistics business as a lot of things can be achieved with websites, bookings can be made, inquiries can also be made, customers can get to read and know about your business.
d. Get An Oﬃce Space
The business needs online and offline spaces, the website is the online space while your office space will serve as the offline space, people still visit offices to register deliveries and also your vehicles will definitely need a park and your space can provide that.
e. Hire Staff
You really need staff, you alone can’t maneuver in the business, and what you’ll be needing most are vehicle operators, and they are really integral to the business, their conduct while delivering packages will definitely have a toll on your business, so you have to train them and also be careful in selecting them.
Apart from drivers, you will need to appoint a handful of attendants so they will come in handy whenever your customers decide to come over to the office, apart from the minor staff like cleaners, and gate operators will be needed too, all of them have to be trained as per the culture of the company.
f. Market Your Logistics Business
The advertisement should be done both online and offline, and marketing is really important and this is not news to anybody. Marketing has become easier with the advent of the internet, but the right demographics and customers to target still remains a task so you know what you have to do when marketing online, market to relevant demographics don’t just market. Also, you can set up calls, emails, and face-to-face meetings with e-commerce store owners and other sectors that are in need of the services you provide.
Now that you know “How to Start a Courier and Logistics Business In Nigeria”, you should definitely give it a go if you have the taste for it.
How To Download The Full Courier and Transport Business Plan Template PDF (with financial analysis)
Above is a part of the logistics and transport business plan template in Nigerian. IF you need the complete business plan, follow the procedures to download it.
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the logistics and haulage business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.
How to Start a Courier and Logistics Business In Nigeria