Wheelbarrow business? Yes you read it well, everything in life is about packaging. I read the story of one Chukwuma Eze who became a millionaire through this business. You can repackaged the unappealing wheelbarrow business using modern business ideas. This is what Chukwuma did to set the pace. Any business idea you develop required skills, wheelbarrow operation doesn’t require much skill but strength and stamina. Very profitable if you are close to a large market. Hey! don’t spit on it, an adage says’ “one man’s meat is another man’s person”. Another person says he built his house through wheelbarrow rental business. You can lease your wheelbarrow to; building contractors, artisans, daily menial job seekers etc.
How to start Wheelbarrow Rental Business
You need money to start Wheelbarrow Business, this will include money to; register with Wheelbarrow Pushers Association if there any in your location. Money for purchasing wheelbarrow, space or store To keep the wheelbarrows, it can also serve as your office in case clients have complaint.
Register with Wheelbarrow Pushers Association
Most businesses have association especially if it has to do with market. For the case of Chukwuma, he registered with Anambra State wheelbarrow owner and Pusher Association. This is a body that regulates wheelbarrow business. The cost varies from one location to another and it is some good money.
Brand your wheelbarrow and give your barrow men branded T-shirt to show they belong to a reputable brand. This will also help you identify your property in case of theft.
Hire Wheelbarrow Pushers
Apart from some barrow pushers that will come to you on their own to lease your wheelbarrow, recruit other wheelbarrow pushers as well.
Train your barrow men, from time to time hold seminars for them in other to teach them how to be polite to customers so as to earn more jobs, be good transporters etc.
How do I advertise wheelbarrow business you may ask?
Since your wheelbarrow pushers wear customized T-shirt and wheelbarrow, it is very easy to market them to market traders. Tell prospects how sincere your wheelbarrow men are; that they are polite and professional in handling their job well.
Wheelbarrow retail business
When you have save enough money, open other businesses, such as; Keke hire purchase, POS business, bike delivery business etc.
How much is required to start Wheelbarrow Rental Business
- Price of Wheelbarrow #20,000
- To join association #200,000
- Get parking space or store #100,000
- Customized T-shirts and wheelbarrow #100,000
- Miscellaneous #80,000
- It therefore means with #500,000 an investor can start Wheelbarrow Rental Business
Profit in wheelbarrow rental business
Let’s assume you purchased 20 wheelbarrows like Chukwuma and you rent each out #200 EACH DAY
So for a day the earning will be 200 x 20= #4,000
For a month 4,000x 25 days = #100,000
In a year the earning will be 100,000 x 12 months = #1,200,000
Risk in Wheelbarrow Rental Business
Every business has its own risk so wheelbarrow business is not excepted. here are some of the risks
- Some wheelbarrow pushers may run away with your wheelbarrow. Always tell them to bring a guarantor, in case of any issue always alert the union.
- Strength of the wheel barrow to withstand heavy loads.Weld the wheelbarrow with more rods for support.
Most jobs that are unappealing are the ones that generate sustainable income. You can actually make wheelbarrow rental business a by the way business. All it requires is capital, registration with wheelbarrow pushers and owners association.
Barrow business breach transportation gap in the market. Buyers troop to the market everyday to purchase foodstuffs, clothes, shoes, accessories, utensils etc. Your filling this gap will not only bring relieve but help in engaging young men in legitimate business that will birth other standard businesses.
To start wheelbarrow leasing business, register with the Union, name and number your wheelbarrow, hire wheelbarrow pushers at the end of the day, they will pay you the agreed fee and return your wheelbarrow.