If you want to learn how to start dispatch rider business in Nigeria currently in this year 2023, also known as bike logistics business, this article is for you as we will give you detailed information on how you can go about it.
The bike logistics business is one of Nigeria’s fastest-growing industries. The rise of e-commerce and online stores has facilitated the development of the dispatch rider industry in the country. The ordinary millennial appreciates the convenience of making a purchase online in a few clicks without leaving the convenience of his or her home or office. When you go out, you have a very good chance of spotting several dispatch riders plying several routes in many of the major cities in Nigeria. Some corporate businesses still use dispatch riders to transport documents and other items linked to their paperwork, in addition to internet stores.
The logistics business in Nigeria was valued at ₦250 billion in 2018 and is predicted to double by 2023. This projection implies that there are still plenty of opportunities in the business. Bikes and dispatch riders are an important component of the logistics industry in Nigeria, and with so much possibility for growth and expansion, you might want to explore creating your own dispatch company. What this article aims to teach you are the fundamentals of how to start your own bike logistics company and profit from this burgeoning sector.
WHY SHOULD YOU START A BIKE LOGISTICS COMPANY IN NIGERIA?
As previously said, the dispatch rider business in Nigeria is growing at a rapid pace. If you play your cards right, you can make a lot of money in this industry. Furthermore, it is vital to emphasize that the Nigerian market favours consumption than production. As a result, demand for a variety of commodities is somewhat strong. There is almost nothing these days that cannot be purchased online and delivered via the services of dispatch riders straight to the location of your choosing, from clothing to shoes, agricultural goods, and even prepared food.
This is a compelling argument to consider the business possibilities. In the nearest future, online consumer demand for furniture, appliances, food and personal care, electronics, to mention but a few will have increased, all you need to do is to take advantage of these vast possibilities in order to set up your bike logistics business in the country, so how can you start your dispatch rider business in Nigeria today? Let us find out.
HOW TO START BIKE LOGISTICS BUSINESS IN NIGERIA 2023
To run a dispatch rider company in Nigeria, you will need office space. You should have a formal address where you may be located. Your digital marketing campaigns will benefit from this. The next step is to research the specific rules for founding a bike logistics business in the particular State in Nigeria that you are in. Depending on the State, the requirements differ. The 200cc bike, for example, is ideal for bike logistics organizations in Lagos State. The VIO will inspect the bikes after that.
In order to get your approval from the government, you will need to write a letter to the State government, but only after your motorcycles have been examined. After that, you can go ahead and register your bikes at any vehicle registration station in your area. Remember to secure a permit from your State government for your bike logistics firm. It shouldn’t set you back more than a few thousand Naira.
After you have have been cleared by the State government, you will need to write your business plan. It is very vital to remember that, despite the profitable nature of the dispatch rider business in Nigeria, you will need to design a strategy to secure your position in the market. Because of the competition, you must also know how to gain an advantage in the market. This and many other issues must be addressed in your business strategy, so be prepared to put in the effort.
THE MOST IMPORTANT ELEMENTS FOR YOUR DISPATCH RIDER BUSINESS IN NIGERIA
The following are the most important elements that should be put in place before your bike logistics business in Nigeria can effectively take off:
Once the purchase has been made, a cargo bike is necessary for the movement of goods. There are some fantastic brands available to you. An internet search should assist you in deciding which brand you want to utilize for your company.
Communication between your clients and dispatch riders is impossible without a cell phone. Android phones are used by the majority of bike logistics businesses in Nigeria. It offers a map feature that assists dispatch riders in finding their way to the customer’s pick-up location.
Until your dispatch rider business grows, your store can be in the comfort of your own home. As you grow, an official place will be beneficial to your bike logistics business, so plan to expand. If you want to combine e-commerce and logistics, you will need a store.
For your dispatch rider business, a computer is essential. It will be used for a variety of functions, including record keeping, data analysis, and a variety of other business tasks.
Because your bike logistics business is largely digital, you might want to consider developing an app that allows customers to interact with and connect with you. It will also assist you in fast connecting with e-commerce companies who require your services to transport their products to their customers.
The world has gone digital, which is no surprise. For your logistics company, you will need to have a strong web presence. Opening social media pages is an excellent way to start. This gives you access to a large number of online merchants and food suppliers, thereby expanding your bike logistics business reach.
Dispatch riders are critical to the success of your dispatch rider business. The business cannot function without them, therefore make an effort to hire dispatch riders. There are three characteristics to look for in your dispatch riders in order to run a successful bike logistics business. They should be well-versed in the ins and outs of your location. They must also have decent manners in order to interact with clients effectively. Because they will be handling goods and money, they must be trustworthy.
Bike logistics business in Nigeria is a lucrative venture. You can make serious money from it if you have a decent business idea and are diligent. Promoting your bike logistics business both online and offline in Nigeria can help reach a large number of people, letting them know what you are up to so that you can acquire referrals or direct touch with online retailers.