How to Start a Profitable Courier Service with Low Investment
In recent years, the Indian economy has witnessed a surging growth in the demand for e-commerce. The emergence of e-Commerce has broken the long tradition of ‘shopping-out’ and has helped customers in delivering products right at their door steps. Out of all the other segments of the economy that e-commerce ever touched, courier service is the industry that has reaped most of the benefits from this growth.A courier service picks up and delivers packages, documents and everything else that could be delivered to the customers. Starting a courier service doesn’t demand a huge amount of money but it ensures high ROI because the demand is increasingly getting higher.
If the business idea of starting a profitable courier service excites you, then here we bring a guide for you on how to start this business with low investment.
Choosing the Vehicle
In a courier service, the right type of vehicle plays an immense role. First of all, one definitely needs a source of transportation to carry out the delivery of the products. And for that a spacious and reliable vehicles is required to begin with. Choosing the vehicle also depends on the size of consignments you will be delivering. So, choose a vehicle that suits the product type. Many courier services choose cargo vans as they are spacious. Other types of courier vehicles are pickup trucks, Lorries, bikes etc.
Buying Essential Equipments
There are certain equipments that can help you with most of the other services, such as packing and carrying. For packing the products you would need cartons and boxes of different types. The type of cartons depends on the types of items that you will be carrying for the customers. And, if the items are heavy, then dollies and hand truck would be essential. Other essential equipments are cargo straps, moving blankets and tapes to make sure all the items are protected and delivered in the same condition. GPS units and mobile phones are also essential equipments.
Business Insurance
As a courier service owner, one bears the responsibility of delivering the valuable items of the customers. So, business insurance is an important thing to have so that in case any accident occurs—either with your business or with deliverables—you should be protected from losses.
Having an insurance policy is also essential as it builds trust with customers, who need to be assured that their items will be safe with the courier company.
Marketing is the Key
Marketing is an essential tool for any other business to grow. What’s the point of starting a business if it doesn’t reach out to the customers? Apart from marketing your business on social media sites such as Facebook, Twitter, LinkedIn etc, email marketing is also quite helpful to reach out to customers. Online marketing and advertising on several platforms can also work in the favor of the business. Generating SEO optimized content on your website also helps to gain traction and ensure maximum customer retention.
Buying a franchise of one of the big players in the field has proven to be a profitable venture than that of starting a business from scratch. There are so many players in the field of courier service. You could buy a franchise to reduce the costs of your startup even further.
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