WHAT IS COURIER SERVICE?
Courier service is the process of delivering an object from one place to another place.
Through the help of courier service, you can send a letter or a product from your place to another place globally. It is very helpful to send a book or any emergency product in a very short period of time.
Since the courier service is very fast in delivery, it uses ship transport, air transport, road transport and even railways.
WHAT ARE THE SERVICES INVOLVED IN COURIER?
STANDARD COURIER SERVICES
The standard courier service is the process of picking up a parcel and delivering it to the nearby depot, from where it is then collected and transported to the necessary delivery point through a van or some vehicle.
INTERNATIONAL COURIER SERVICES
International courier service includes both shipping and Air cargo transports. It is the best way to send your parcel overseas from your place. It may take time according to the service you take. You can track your parcel online at each and every step it travels through.
SPEED COURIER SERVICES
The speed courier service allows you to send important letters, products or any emergency item within a short period of time. It can also deliver the item on the same day or next day globally. It allows you to immediately track the parcel and see the status of the delivery.
HOW TO START THE COURIER BUSINESS FROM THEIR HOME
You can do this business from the comfort of your home. Yes, many franchise did not require a specific amount of area… But still, courier franchise company prefer their outlet to be in the main place which is visible to the public people.
In order to start a courier business from home, your home should be in the commercial area which is visible to public people. And that is the condition most of the courier franchise do have.
But still, some of the courier franchise has some liberty on that condition… So you have to apply for the franchise company you want to start. They will reject if your area is not applicable to them.
The courier service will have number of outlet condition for a single zone. So, what you should do???
You should first apply for the courier franchise and wait for their approval…
ST courier is very strict and doesn’t give permission for non-commercial areas. The other courier services like DTDC, and so on may accept the non-commercial area.
By the way you can choose the regional limit that you are going to serve…
For example, DTDC provides options like…
Single Unit Franchise: This type of franchise is responsible for serving the specific pin code or a territory.
Master Franchise: One or two single-unit franchise are managed under the master franchise unit. They are limited within the city area controlling the other single unit franchise in their limit.
Super Franchise: Which controls the entire district area and its franchise units.
CHOOSE A NAME FOR YOUR BUSINESS:
You have chosen to start a new courier business and therefore you must give a name and register it for the GST registration.
TO OPEN A COURIER SERVICE BUSINESS THE FOLLOWING IS MANDATORY:
Without Pan Card, none of the registered business can be handled. PAN card is necessary for GST file submission and other bank transactions in the courier business.
Aadhar card and Pan card is very much important nowadays to start a business. You know that the Aadhar card and Pan Card is connected to the business account automatically. So Aadhar card and its scanned copy is a mandatory item.
Separate Mobile Number:
For simple online purchase, we use mobile number and the bank send OTP to the mobile number. Therefore it is also very vital to have a separate phone number to deal with this courier business.
Franchise License of a courier company:
You have to apply for a franchise license from a courier company like STcourier, DTDC courier, DHL, Blue Dart, FedEx express TSCS, FirstFlight, Professional Courier Service and etc…
Computer with internet and a Printer:
You will need a computer to record each delivery and order. You should have a printer to give the bill to the customer. Internet is required in order to login to the franchise company website and enter the details.
You need a weighing machine of small size and a big size which can measure up to 10kg to 100kg
HOW MUCH INVESTMENT REQUIRED FOR HOME-BASED COURIER SERVICE
If you start this business from your home then without including the space rent your investment may vary from 1lakh to 5 lakh Rs which includes the franchise deposit cost also.
And the franchise deposit cost varies for different companies… it starts from 20,000 Rs to 5 lakh Rs as per the courier company norms.
HOW MANY WORKERS ARE NECESSARY
You need at least 3 to 4 delivery people to cover your pin code. And it mostly depends on how busy your orders are… If you frequently get orders, then you might have some of the fulltime delivery boys for your business.
If your orders are not frequent all time… then you can go for part-time workers for your small courier service.
Another one person, ideally a lady employee for maintaining the records on the computer and billing.
PROFIT OF A COURIER SERVICE BUSINESS
You may earn 30,000 to 1 lakh Rs per month… This again depends on the demand in your area… If you have more busy orders regularly then easily you will make 40,000 Rs to 1 lakh Rs per month.
The commission of the service varies for each courier company. But roughly it is around 10% commission for each courier delivery you do…
You can easily get your investment return in a short period of time. And therefore the ROI of this business is very strong.
You have to first choose your franchise and then you will have to memorize their rules and conditions…
Each time you deliver a product you look for the destination place and its distance… and then the weight of the product.
You have to understand what is the product that you are about to send… And you can also roughly check for it.
Because, your franchise may have a completely different rate for a liquid product, glass bottles and etc…
For below 500gm, there will be a rate and above 500gm rate will vary.
You should take responsibility for the product and its delivery.
If you are motivated and have a passion you can grow and shine in this business very soon. This business is the best business which yields a profit for sure… I say it because these days Ecommerce business and online purchase is increasing like never before… So you are in partnership with an international logistic company which gives a brand identity for your business and earn decent profit quickly.