How to start a courier service in India? Well, it is an easy process and you can read all about it in this article.
Starting a courier business in India is lucrative but it does require a lot of planning and investment. Things like delivery, different modes of transportation and refund schemes, all need to be taken care of well in advance. With the right planning, you can manage and start your business in a nice manner.
Courier Business Market in India
In 2018, the Global Courier Services Market size was 299100 million US$, and it is expected to reach 464300 million US$ by the end of 2025 with a CAGR of 6.5% during 2019-2025. Currently, there are approx 2300 courier companies in India. The Indian courier industry size is estimated at Rs. 14,000 crores. The courier industry is a small but significant segment of the logistics industry.
This is one of the fastest-growing segments of the industry which is expected to grow at 17% per annum to Rs. 20,000 crores in the next three years.
How to Start an Online Courier Service for Small Businesses in India?
The Courier delivery business is one of the best businesses that you can start in India. The courier services are offered to both individuals and businesses.
Start with a small business and provide them with the best courier services for small businesses in India for which you would require a mobile-friendly on-demand courier web app.
Two Options in India to Start a Courier Business
- You can start your own courier company
- You can take a franchise from a leading courier service provider that has a good name and fame in the market.
Starting Your Own Courier Company
A checklist for starting your Own Courier Company or Business in India
- Find investors from different sources and keep enough money in hand.
- Application for the registration of Service Tax.
- Legalize your company as a Private Limited Company in India.
- Invest in people by providing training and service quality
- Build a Team and Invest in Service Quality & training.
- Build a Great Network.
Take A Franchise From A Reputed And Well-Established Courier Company
There are several top franchise business opportunities in India. Before taking a franchise of a big company, you must learn everything about the company, its operations, sales, marketing etc. You must know everything about it before investing in it. Things to contemplate while applying for the Courier Business Franchise in India.
- A Legal Entity Setup with the Proper Tax Registration & License
- Capital investment (It may vary depending on the organization)
- A decent Space for opening your Franchise with the Agreement.
- Approval Letter from the Courier Head office.
- Financial Credentials like a bank statement or bank passbook
- Logistics Agreement between the Franchise and Company
Well-Established Franchise of Established Courier Companies in India
- Indian Speed Post office Franchise Opportunity – Here you can apply for the Indian Speed Post office Franchise.
- DTDC Franchise
- DHL Express Franchise
- First Flight
Simple Steps On How to Start a Courier Service
The demand for advanced courier service is increased with the increasing number of online users. It may be a little tricky to start a courier service but, by following these below-mentioned steps, you can master the art of running a successful courier business.
Select Your Niche
Before you jump right into starting your business, you must decide on a niche which would help you in reaching your required customer base and get the attention of your target audience. Once you have selected the niche, you can now plan and start with the business strategy.
Invest Money Wisely
Starting a courier business means that you would require a big amount of money as an investment. You must work on a comprehensive courier service plan and work on it. Do not spend money unnecessarily and invest in getting the important things. Get a reliable courier vehicle, organize a storage space and buy equipment and materials for your business.
Work on Legal Structure
An important step for any kind of business, you must legalize the business and work on its processes. Once you legalize your business, it gives people a certain trust in your business.
Determine Competitive Price
Have competitive rates to get the audience’s attention or else it would become difficult for you to get customers with the already existing courier giants in the business.
Come Up with a Marketing Plan
Have a strong marketing plan. Work on social media posts and advertisements on paper, news, radio and shop windows to get as many eyeballs as possible. Work on it diligently as, without good marketing, your brand would not last for long.
How Lio Can Help With Starting Your Courier Service Business
Lio is a great platform for small business owners with the help of which you can manage employee data, customer data, etc. You can handle those data with ease.
If you want to be a professional, then you must save your time, you need to learn to arrange all the business strategies in one place. In that case, Lio can be your partner.
Entrepreneurs can also allow multiple authorized users of their office to access the information from various locations within minutes.
Lio is definitely for the win and using it for your business is only going to make your journey smooth and easy to track.
Step 1: Select the Language you want to work on. Lio on Android
Step 2: Create your account using your Phone Number or Email Id.
Verify the OTP and you are good to go.
Step 3: Select a template in which you want to add your data.
Add your Data with our Free Cloud Storage.
Step 4: All Done? Share and Collaborate with your contacts.
Frequently Asked Questions (FAQs)
Which is the fastest courier service in India?
There are several amazing and fast courier services like DHL, Delhivery, Bluedart etc.
Can a courier be delivered in a day?
Yes, there are many courier services that offer this but it depends upon the place where it needs to be delivered.
Is the courier business profitable in India?
Yes, this is definitely one of the best and most profitable business ideas in India.
When did the courier service start in India?
First Flight Courier Limited was established in 1986.
There are several other things that people must take care of while starting a courier business in India. One needs to research very well and understand all the dos and don’ts of this business to run a company which is very successful.