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GPS Tracking Business

Facts On GPS Vehicle Tracking

There are more than five million trucks being used in the territory of the Russian Federation. Against the backdrop of a global financial crisis when the recession puts pressure on prices, the vehicle owners are forced to cut the operation and maintenance costs. The modern GPS Tracking systems may come as a solution and help the companies to eliminate the inappropriate fuel expenses and unauthorized trips, to control the mileage value and other cases of misuse of company fleets.

Vehicle Tracking: Figures

On the average, the monthly charge for tracking one vehicle is 10 dollars. The cooperation between GPS tracking providers and transportation companies is beneficial for both: the saving from expenses on car fleets (fuel, maintenance and service) may amount 30% per month.

Thus, one vehicle brings a GPS tracking provider about $120 per year. Taking into account the fact that in Russia there are about 5 million trucks, the market capacity appears to be more than impressive. At present, less than 3% of all vehicles in Russia are equipped with GPS tracking systems. This rate is a few times higher in Europe, but the market is still developing there. There are respective opinions, that in the short run the number of vehicles connected to the tracking systems in countries of the Commonwealth will be increased in 3 times.

GPS Tracking Business

The market for GPS tracking systems is still emerging, so it is quite feasible to find a good niche there. What does this business look like?

Everything is pretty simple. Here is what you need so as to start your GPS tracking business:

to find customers who would like to cut down their fleet expenses;
to assist them in choosing the right GPS tracking devices, install the devices on the vehicles and connect them to the tracking server;
to demonstrate the users how the software operates and the way it allows controlling the fuel expenses, the mileage values and the cases of misuse of company fleets.

GPS Tracking software will let your clients not only save money but also reduce time on filling orders.Once you start your business in GPS vehicle tracking, you will be able to make profits from selling and installing GPS devices as well as monthly user charges for fleets tracking.

As experience has shown, so as to consider your business profitable, it is enough to get about 100 customer vehicles connected to the GPS tracking system