How to Start Bus Business, Online Bus Business, License, Profit
After the COVID pandemic, all of a sudden everyone is very fond of traveling but due to certain reasons, they cannot go so far with their own vehicle because it is not so easy to drive such a long distance.
For this reason, people prefer to travel by bus. Traveling by Bus is cheaper for them and they also enjoy traveling comfortably.
Since the population around the world has increased so much that demands for buses have started falling short. Even after having so many buses, the needs of the people are not fulfilled.
Taking advantage of this issue, you can also start your bus business in your area. Today we’ll understand How to Start Bus Business and How Much Profit You Can Earn from this business.
So let’s dig into the process of understanding How to Start Bus Business.
How to Start Bus Business
To start Bus Business, firstly you will need a bus and route from where you will pick up and drop off customers. If you want, you can start this business with a single bus also.
If you do not have bus, then you can also book bus on rent. For this, you can get it financed. After that, you can purchase it by paying its installments after earning from bus.
After arranging the bus, you have to check out the area in which more people like to travel. If you want, you can also start driving bus in the ways in which no other bus has yet started their facility.
Once the route is decided, Now you have to hire a driver and a conductor for your bus. This driver will just not only drive your bus well but will also take care of it like his own. After that, you have to decide the charge for the tickets for traveling from your bus.
After this, you can start earning from your bus.
It is not necessary that you drive bus for short distances only. If you want, you can also use this bus to take pilgrims on pilgrimage as well.
How to Start Pilgrimage Traveling Business
For pilgrimage travel business first, you have to take orders from different people who want to visit same place along with rest of the people. After this, you have to decide a date around which most of the people are ready to go.
Once everything is finalized then you have to decide and collect the fare to travel from everyone. In this way, you can earn good money from every pilgrimage place around the world.
You can earn a lot of profit in this type of business. In such cases, if any person travels for a very long distance from your bus then you can charge more fare from him.
To start pilgrimage travel business, you also need to contact the caretaker of that pilgrim. So that your busses are allowed to complete the tour. Keep in mind not all bus travelers are allowed to drop their customers at the end of the pilgrimage.
You can also advertise your pilgrim’s business by telling customers about the facilities provided by you during the journey.
License and Documents Required for Bus Business
To Start Cement Business registration of licenses is must. Below given are the required registration & license to start Cement Business:
- Current Account (For Business Transactions).
- Shop License (Gumasta License).
- MSME Registration.
- Udyog Aadhar.
- GST License.
- Driving License.
- Aadhaar Card.
- Voter ID/ PAN Card.
- Bus Pass Permit.
- Bus RTO Tax.
- Bus Fitness Documents.
- Insurance Documents.
- Fast-Tag (For intrastate and interstate buses).
Current Account: To receive payment under your Cement Business name you must have a current account under your business name.
Shop License: For Cement Business shop license, you will need government-verified identity proof and proof of address. To get Gumasta license, you can either visit official website of your state or visit the nearby offline office.
MSME Certificate: MSME stands for Micro, Small Medium, and Enterprises. It is a type of enterprise managing government that helps you to get govt. Loan schemes and benefits etc.
To get loan approvals from government bodies you can apply for MSME certificate. To start your Cement Business visit the official website and apply for MSME certificate.
Udyog Adhaar Certificate: This certificate helps you to apply for govt- loan scheme and get subsidies from your bank.
To get a udyog aadhaar certificate for your Cement Business you log on to website and apply for the Udyog Aadhaar Certificate.
GST License: GST License stands for Tax on Goods and Services. The GST is a common tax used by countries globally. This license provides you approval for the import and export of goods sold by you.
Businesses and individuals who are supplying goods can claim GST exemption if their annual turnover of less than Rs. 40 lakhs [$48,999] in a financial year.
Such businesses only require GST Registration. Starting Cement Business without GST License is a punishable offense.
For starting Cement Business, this license is the first document that must be approved. To get your Cement Business GST License you can simply log on to the website and start selling Cement legally.
Driving License: The driving license of the driver is also necessary before providing him bus because if in any case, any accident happens or for any reason police is checking for driver’s details and if he is caught without license then in such case your bus may be sealed or you might be imposed a high fine.
This license even proves that you know driving and you have the authority to ride only those vehicles, whose permission is allowed. 2-wheeler, 4-wheeler, 6-wheeler, 8-wheeler etc.
To apply for a Driving License visit your nearest RTO Office. You can also apply online to your state’s website.
Aadhar Card: Aadhaar Card of both Driver and Conductor is required. This is because you can’t provide them with authority over such huge bus and its passenger’s life to any fellow stranger.
If any accident or misbehaving happens then in such case you and your bus will be represented to pay for.
This card even verifies the candidate’s address proof and that he is Indian resident, who will be taking passengers to their correct destination. To apply for Aadhaar card checkout the button below:
PAN Card: Pan Card of both driver and conductor is necessary because they are salaried and if their salary is more than ₹50, 000 [$600] then Bank asks for PAN Card, to deposit their salary into their bank accounts. To apply for Pan Card you can check out the button below:
Bus Pass Permits: This permit allows buses to travel within the country or only in some particular states.
Without this pass, if you take your bus to some other state, then it will be seized for sure. To apply for bus permit check out the button below:
Bus RTO Tax: If you are the owner of the bus then you also need to pay RTO Tax of using bus within the country for commercial purposes. This tax is paid in 3 ways:
- Monthly
- Quarterly
- Lifetime
Total Tax Cost in Bus Business
In bus business, you need to pay 28% tax. You have to pay this tax to the government so that the government will never stop your business. After this, you have to pay toll tax to drive the bus on the road.
This toll tax depends from area to area when you cross different states’ borders. It is the cost of using Highway Road Tax.
Apart from this, you do not have to pay any other tax. You keep paying taxes on time so that your business will never stop.
Advantages of Bus Business
In the bus business, you can earn at least 3000 to 5000 rupees by taking out daily petrol and other expenses, similarly, you can earn around ₹1,00,000 to ₹1,50,000 [$12,000 – $15,000] per month from this business.
In this way, you can earn millions per month from this business. If you want, then with these rupees, you can acquire more buses on rent or finance for yourself and start growing your business.
Loss in Bus Business
In the bus business, you may have to face losses in many ways, such as if your bus ever meets with an accident, due to which a lot of money is spent in getting your bus repaired.
Sometimes the price of petrol increases even then you may suffer loss in it, you cannot even increase the fare to compensate for it because the government keeps a limit on the fare.
Sometimes, it may also happen any terrorist or driver itself hijacks the bus. In such cases, you only have to face loss.
How to Start Bus Business Online
You can connect bus business with some famous websites RedBus, Makemytrip, Abhibus, from where you start getting customers for this, which can benefit you more.
If you want, you can also make a website of your own, from where people can apply online to travel in your bus, it can benefit you a lot, marketing of your business also goes well with this website.
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