1. Set up your own logistics and courier service and 2. Take up the franchise of an Established Courier Service like DHL, Blue Dart, First Flight, FedEx, DTDC, TNT, Gati etc.
Before looking at which one to start let us look at some factors
1. Cost - Setting your own courier service is a significant investment for which you would require vehicles, inventory space, lease buildings in multiple locations etc. But for setting up a single unit franchise the cost involved in comparison is minimal.
2. Support System - When you are setting up a business on your own you have no support system to rely on. You would also encounter many problems to which you would have to find out solutions on your own. But if you set up a franchise first, robust training, IT support, Marketing and promotions advice, management and business planning, operational support and training to the delivery boys. This would also enable you to get enough experience of the business in a very short time frame.
3. Branding & Revenue - Setting up your own brand of courier service means that you would have to work on marketing it to your potential customers. Ask anyone who has set up a new business and they would say the same thing. It takes a lot of time for the customers to start recognising your brand and even more time to get the cash flow going. In comparison, starting a franchise under an established brand would mean that the revenue generation starts much faster. The cost of marketing or advertising under an established brand is also much lower.
So based on these factors, it is better to opt for a franchise in the beginning and only after you are confident that you know the ins and outs of the industry, should you even consider setting up your own courier service.
After you apply for obtaining a particular franchise, at the beginning there is usually a general discussion regarding the terms and conditions. Followed by that the company officials would come to inspect the premises where the franchise would be set up. Once they are satisfied with it, the application would be submitted along with documents like:
> Legal Entity Setup with the Proper Tax Registration & License > Leave and license or Premise ownership agreement > ID and Address Proof > Security Deposit which varies and depends on the Courier Company. > Financial Credentials like bank statement or bank passbook > Approval Letter from the Courier Head office. > Logistics Agreement between the Franchise and Company
After the verification of the documents and is approval, there would be training given y the company and at the end of this, you can officially start.