Insight : How To Start A Courier Franchise In India

It was not long before when people would send parcels or documents through government postal service. Soon enough, E-commerce bloomed and fastened the growth rate of the courier industry. The courier industry has evolved with technology thereby relieving customers from the anxiety while shipping. Further, growing demand for e-commerce has fuelled up opportunities in the courier industry which have made many enthusiasts try their luck in opening a startup or purchasing a courier franchise. As said earlier, internet access had made even remote areas of the country to shop online.

Thus creating a high demand for the courier franchise in different parts of the country. This article will give you an insight on how you can start a courier franchise. So let's get started.

The procedure involved in opening a franchise varies with courier companies. Some of the general steps to start a franchise are as follows. Unlike starting your own company, starting a courier franchise involves less investment depending on the location of the i.

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e. urban or rural. Investment can start from 20,000 INR and might extend up to 5Lacs. A small piece of an area is required to set up an office which can be about 100 sq ft., and should ideally be facing the road. Before taking any franchise you have to research more about the courier company with whom you are taking the franchise on its success in the industry so that you have a good return on investment. In order to hold courier franchise, you will have to either directly meet the company head or you will have to apply it in their website.

Some of the documents and terms required to start a courier franchise are as below (Which may vary with companies):

1. Security deposit in the form of demand draft which is refundable.
2. Registration fees.
3. Documents for address and identity proof.
4. License agreement.
5. Bank statement

Once you have requested for opening the franchise, a courier company representative will visit your office space and will check if you are truly capable of handling the company and have the passion to work in the courier industry. Along with good leadership quality, you must also have a well-trained workforce and transportation facility for pickup and delivery of the courier in order to open the franchise. Once documents and physical verification is done, if they find your potential only then your request will be approved by the authorized officer and activation code will be sent. An agreement will be signed between the applicant and the courier company. You will have to register the franchise with tax registration and license.

Initial training will also be given to the applicant along with help in branding and be providing marketing tools depending on the courier companies policies. You will be assigned with pin code, where you can start your business until a defined set of time frame. Some of the major courier companies which provide franchisee are:

1. DTDC
2. Overnite Express
3. Indian Speed Post office
4. First Flight

The growth rate of E-commerce has shown positive footfalls in the courier industry thus making it the right time to start your franchise. Investing in the right courier company franchise will lead to a successful return on investment. Thus make sure you are choosing the right courier franchise.