Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
5 Logistics Business Ideas With International Demand
Brilliant logistics business ideas can lead to massive profit. There are many startups creating new and innovative solutions to support business operations. From shipping to transportation, the logistics industry has several profitable opportunities available. In fact, third party logistics providers generated over $185 Billion in revenues last year. As an entrepreneur, you want to choose the best idea in the best industry that would appeal to your market and skill set. In order to do so, we have put together some of the best logistics business ideas that are in demand around the globe.
Packing And Moving Services
A packaging and moving service is a successful logistics business idea. All types of businesses look to packing and moving services for assistance. Whether it is a single owner business or multi-national corporation, moving services are needed every time a business expands or consolidates.For example, business owners who are changing locations due to growthwill a pay for these services so that they do not lose any business in the process. It saves them time and resources while moving a business. As long as you can ensure the safety and arrival of belongings, you can profit. To startup such a company, you do not need to spend a lot of money. Begin with one van or truck. As your business grows, you can increase both the size and number of vehicles.
Shipment Information Provider
Secondly, consider starting up a shipment information company. If you are tech savvy entrepreneur, you can create a platform to lower shipping prices for customers. This would allow customers to analyze their shipping data and compare it against other pricing in the market. While developing the platform, you can even work from home if you choose. When you offer comparisons between different shipping companies, include price differences and time estimates. You can earn a commission off the booking or charge carriers for getting listed in the platform.This is one of the trending logistical ideas that can satisfy the need for business owners to lower their freight shipping costs.
Package Consolidation Services
Similar to shipment information, package consolidation services reduce shipping costs to companies. Services like BluePostalprovide less expensive shipping rates by consolidating multiple packages into one shipment. For international businesses that need to import items from abroad, package consolidation lowers the cost per shipment. If you are located in a country that charges high taxes, tariffs and customs fees, you should consider fulfilling this demand. You would need a warehouse in the country of import and working relationship with the local government to streamline the shipping process for other businesses.
Pick And Pack Warehouse Services
One of the best logistics business ideas is a warehouse service. You can choose to specialize in various types of warehouse services. However, pick and pack services are among the top in demand internationally. With pick and pack, your company would process large volumes of product shipments, picking out specific products and packaging them for an order. Usually this type of warehouse service is needed by major retailers or product-based companies. However, you can also choose from several warehouse service offerings that are in high demand. If you fill this need for enterprise companies, your startup could experience sustained growth as your customers grow too.
Ferry Transportation Services
A transportation service that move goods by ferry is a great logistics business idea. Roads are already filled with trucks and passenger vehicles. Sometimes, it can be very challenging for companies to find an affordable and trusted courier to transport goods. Offer businesses an alternative to freight shipping with ferry transportation services. Moreover, water transportation might be the only option to haul large commercial or construction items. Since there are very few competitors in the ferry transportation market, you could stand out as an alternative shipping option to save money for business owners.
Profitable logistics business ideas can fulfill local and international demand. Consider all of these business ideas to find one that suits your location, expertise and customer base. If several businesses are relocating in your area, contemplate packing and moving services. For tech driven entrepreneurs, think about starting a shipping information or pricing platform. Next, consider offering package consolidation services for import or export businesses. Startups that have space and people may provide pick and pack warehouse services. Lastly, you could try an innovative business model with a ferry freight service. With all of these ideas, you can choose a logistics business that has the potential for massive profits.
Copyright 1995-2019, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.
DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages. TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business, CyberSchmooz, and BizCafe.
DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.
TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business, CyberSchmooz, and BizCafe.