Technology and the internet have revolutionized the globe and are continually leading the world towards the actualization of the global trade village. The past few decades have for instance seen different countries strike significant trade deals aimed at increasing their trade volumes. This has in effect resulted in increased sea activity signaling increased demand for shipping containers.
The good news is that you don’t need to have to own a shipping company to cash in on the profits that comes with investing in shipping containers. There still exist countless ways of investing in shipping containers. Here are four:
Lease To Shipping Companies
It remains one of the most popular direct methods of investing in shipping containers. It involves leasing the containers for a period to a shipping company. This form of investment ranks highly on the list of passive income earning options as you don’t have to worry about marketing the containers or leasing out storage space. The company takes care of all these, and you only have to collect your cheque at the end of the month or after a given period.
Lease To Friends And Acquaintances
You probably know a friend or acquaintance engaged in a shipping or transportation business. Ask them if they would be willing to lease your shipping containers for their business dealings if you to invest in one. You might even make this interesting by offering better rental rates than their current providers. They don’t necessarily need be involved in the import or export business. Moreover, trucking company owners are also in constant need of these containers for their different deliveries.
Link With Local Exporters
Most companies specializing in export commodities don’t invest in shipping containers. They depend on shipping companies to avail the containers only to end up paying exorbitantly for them. What if you could identify one such company and provide them with an alternative?
Contact such exporters and present them with a proposal that stipulates that they will only have to engage the shipping company for the shipping services. Most will jump at the opportunity, and as long as they continue operation, you will have a regular income.
Invest In a Container Leasing Agency
There exist numerous reputable shipping container leasing companies and agencies all around the world. These companies buy, maintain and market the containers on your behalf while guaranteeing a regular income. They take away the stress that comes with leasing rental spaces for your containers or insurance.
You only deposit a specific amount of money with the company, equivalent to the market cost of a container, and wait for your monthly payments. You, however, have to be cautious when dealing with some of these companies and agencies. Some have shady backgrounds while others are marred by claims of delayed payments and non-repayments.
While the shipping industry might be performing at its peak at the moment, the shipping container business continues to peak primarily due to the vast number of trade transactions taking place across the country. You too can share in the success of this business by investing in this passive but massively rewarding investment.
Davenport Laroche is a leading shipping container investment agency based out of Hong Kong.