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❓ASK Is transport company business profitable in your country ?

Odufalove

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Transportation business in my country is a very lucrative one... Especially during festive period and even during this pandemic prices rises *2 of the normal ...making transportation company earn more.
 

Nishia

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The transport business is so lucrative in my country whether it may be public transport or goods transport because of dense population.
 

George10640

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Transportation business in my country is a very lucrative one... Especially during festive period and even during this pandemic prices rises *2 of the normal ...making transportation company earn more.
It is lucrative yes for the business investors but I think also the users are really oppressed. It is difficult to comply paying double price and yet you still earning the same amount of money or even one lost the job.Any transport services offering slight affordable prices will have the opportunity to make more .
 

Bookwormlux

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It is lucrative yes for the business investors but I think also the users are really oppressed. It is difficult to comply paying double price and yet you still earning the same amount of money or even one lost the job.Any transport services offering slight affordable prices will have the opportunity to make more .
That's true, when others are doubling their prices, the company that decides not to increase theirs would get more passengers, but it's usually very hard to see such distinguished transport companies. It seems they come together to agree on any increase first.
 

George10640

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That's true, when others are doubling their prices, the company that decides not to increase theirs would get more passengers, but it's usually very hard to see such distinguished transport companies. It seems they come together to agree on any increase first.
Absolutely, the trick of trying to succeed in business is trying to come out.It is also surprising to find those with low prices have good customer services compared to those requiring double price.
 

De-rector

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It is also possible that some transport compaineis charges higher fee because of the quality of services they render to their passengers and they get more patronage, it all about packaging and service delivery.
 

Bookwormlux

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Absolutely, the trick of trying to succeed in business is trying to come out.It is also surprising to find those with low prices have good customer services compared to those requiring double price.
The main thing here is that if any transport company wants to double their prices, it should be based on an improvement in service delivery or a general scarcity of fuel. But an increase in price simply because it's festive seasons is not a wise decision.
 

George10640

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The main thing here is that if any transport company wants to double their prices, it should be based on an improvement in service delivery or a general scarcity of fuel. But an increase in price simply because it's festive seasons is not a wise decision.
That's the case with major transport system ,why could they wait for such time then set the prices higher.I have been to such situations but the police had to intervene.
 

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It is the duty of the government to ensure prices are not inflated provided there is no scarcity of fuel during the festive season. The case where there could be inflation in price will be when passengers need extra services like making the driver to convey at the wrong hour
 

Bookwormlux

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That's true. There are many times when drivers may not be the ones causing the inflation. Another instance, is when there was strict restriction of movement due to the lockdown, you see people who don't want to be patient and suspend their travel schedules. In situations like this the driver sees an opportunity to increase the price, because it involves risk taking. Though it's not right.
 

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With the increase in transport fare now and poor economic situation, many people who aren't into transport businesses now venture into it with their private cars to augment their incomes.
 

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With the increase in transport fare now and poor economic situation, many people who aren't into transport businesses now venture into it with their private cars to augment their incomes.
This is normal routine for people who work in every expensive cities like in my country, if they close they pick up passengers for a fee at least to get money for fuel
 

Niftyicon

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This is normal routine for people who work in every expensive cities like in my country, if they close they pick up passengers for a fee at least to get money for fuel
Yeah, some even go to the extent of doing that early mornings before work and pick it up again at close of work for the day, also on weekends.
 

Ofonime

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Yeah, some even go to the extent of doing that early mornings before work and pick it up again at close of work for the day, also on weekends.
Transport company is one of the business that can put food on people table,thou I know its require alot of money to set the business to the level you want it to be if the business is not up to your taste there is need to loan money to upgrade the busines.
 

gammarays

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In Nigeria , having a transport business very lucrative.
People while travelling to a long distance within the country normally prefer to use public transportation than private cars .

With the effect of this pandemic , the price for transportation is doubled which means more money for transport companies.
Is transport companies business lucrative in your country?
You're right, having a transport company here is having a gold mine. You earn from moving people and goods. You didn't even need adverts because commuters look for you.
 

tray59

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Transport company is one of the business that can put food on people table,thou I know its require alot of money to set the business to the level you want it to be if the business is not up to your taste there is need to loan money to upgrade the busines.
Before you start any business you need to set aside some fund for the business,in as much as I know transport company is the best business its generate money but do you think of the money that will be consume there?so politely its better you use partnership or collaboration to set up the business
 

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Before you start any business you need to set aside some fund for the business,in as much as I know transport company is the best business its generate money but do you think of the money that will be consume there?so politely its better you use partnership or collaboration to set up the business
I guess one may need partnership in a situation where the business is being set up at a medium to big level but at a small scale, it can still be managed by one person and the fund needed won't be too big for one person.
 

Ofonime

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I guess one may need partnership in a situation where the business is being set up at a medium to big level but at a small scale, it can still be managed by one person and the fund needed won't be too big for one person.
You talk about partnership that idea is not bad but at the same time I wont welcome that opinion,there is always some minor issue somebody that you are parnering with,if you are boyance enough I will advice you open and operate your business alone.
 
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