COURIER BUSINESS PLAN GUIDE
Do you want to know how to start a courier business? Communication has always been important to man; just as important as the air he breathes!
From the oral passage of culture from one generation to another to the development of language and writing, to the deployment of scrolls and books; the need to pass across information, knowledge, secrets, myths orally or written, has waxed stronger.
It is also undergoing an evolution, such that in the present time, the advent of the computer, followed by the internet, has ensured that communicating has now transcended borders and barriers.
Consequently, people are now able to share information and garner knowledge, from any part of the world, through media such as electronic mails (emails), social media platforms like Facebook, WeChat, and WhatsApp.
Although people can pass across information remotely, there is still a need for the physical delivery of letters, items, and parcels. This need is put in proper context, with the rise of online retail shopping platforms like Konga, Jumia and efiritin.com, whose courier business set up it is to deliver goods purchased, to the doorsteps of customers.
Also, there are still adherents of traditional means of sending items using the postal service. Hence, the courier delivery business commands huge profit potentials in meeting this need.
The following tips can serve as guidelines to the would-be investor, seeking to maximize returns on investing in a courier business startup:
- Secure Attachment to An Existing Courier Company
To successfully start a courier business in India, the investor should undergo a period of internship at an existing business venture, which handles courier service. The processes involved in a courier service business range from receipt of parcels and cargo to sorting and processing, to inventory and register, organizing dispatch and delivery teams amongst others.
Adequate knowledge must be acquired from witnessing the day-to-day running of these critical aspects of a courier business. The objective for the investor, before starting a courier business, is to be exposed to the dynamics of the trade, without first having to commit scarce funds to the venture.
- Draw up a Business Plan
A business plan is essential for a courier business even if it is started from home as it gives a glimpse into the projected income and expenditure, what strategies exist for market penetration and expansion, what niche areas exist that can be exploited by the business and other relevant data and information.
- Register With all Relevant Authorities
To start a legitimate courier business in Nigeria, the courier business must seek and obtain all relevant documentation and certification, which should follow the registration of the business as a legal entity. The department responsible for the administration of the courier business is the Courier Regulatory Department, in the NIPOST.
- For a Start, Choose Niche Areas /types of Parcel to Dispatch.
Questions to be answered include whether or not the courier business should deal with small parcels and letters or with very large cargoes. The answer to these questions rests squarely on the capacity of the courier business to handle specific requests.
The more varied the goods that the courier business from home can deliver, the higher the earning potential. However, to achieve such a spread in operational activity, it must be noted that the start-up costs will be higher.
- Seek Contractual Agreement with Existing Courier Business
The would-be investor in a courier business does not necessarily have to re-invent the wheel.
At times, what is required, especially for starters, is leveraging on the distribution network of older courier firms and discussing profit-sharing terms.
This partnership should subsist long enough, until the startup courier business has gathered enough clientele, operating capital and other relevant parameters, to commence business fully.
- Market and Advertise the Business
You could procure tee shirts and face caps with your business name printed on them. This will give the courier business a more professional reputation. Choosing a brand, even at that early stage, will give the courier business brand visibility. It will also engender favorable ratings among customers.
Choose a design that signifies the core beliefs, vision and mission of the courier business, and use such trademarks on staff official clothing and equipment. As much as finance permits, the courier business can make placement in affordable print media.
- Integrate Technology into Operations
The role of technology in running a courier business cannot be over-emphasized. For starters, it could be expedient that the haulage vehicles conveying parcels and cargoes can be tracked and monitored, by the use of vehicle trackers.
Also, other measures to measure distance covered, fuel consumption and engine idle time can be monitored remotely, to manage costs. The use of applications for street names and locations will prove invaluable to the courier business, in achieving optimum delivery times.
- Attend Refresher Courses and Workshops
The courier business must be staffed by people, who are continually been exposed to best corporate and standard practices, in the processing and handling of parcels and cargoes, all geared at achieving success in the courier business.
COURIER SERVICE COMPANY BUSINESS PLAN EXAMPLE
Here is a sample business plan for starting a courier service company.
A courier and delivery services business typically offers its services to customers between urban areas or metropolitan areas, having its scope ranging from local, national to international pickups and deliveries.
So now that you are set towards writing your business plan for your courier and delivery services business. You will surely find this courier and delivery services business plan sample very useful and practical too.
BUSINESS NAME: Philips Melvin Economic Mail, Inc.
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Sales Forecast
Philips Melvin Economic Mail, Inc. will be having its headquarters in New York, United States, and it will be owned by Philips Jacobs Melvin. Philips Melvin Economic Mail, Inc. has been registered with the relevant authorities in the United States, and it has also obtained the necessary licenses and permits to do business in the United States.
We will be very interested in providing very quality products and services to our customers in the United States and far and wide. We will do well in starting up our business by launching it with the startup sum of $400,000 which will be sourced from the owner, his friends and relatives, and from his bank.
Our Products and Services
Philips Melvin Economic Mail, Inc. is a courier services business that will be headquartered in New York City, United States. We will make sure of providing several services to customers in New York City and other major areas.
We have the following as our products and services offered:
- Provision of air, surface and combined courier delivery services
- Catering for delivering of parcels, documents, and any other package
- Provision of express messenger and delivery services
- Provision of alcoholic beverage delivery services
- Provision of grocery delivery services
- Transferring and trucking services
- Packing and sorting operations
We are very fixated on building a courier and delivery services company that will be the standard in the industry, providing clients with the best of services they can ever get from any courier and delivery services company.
We are interested in raising a standard courier and delivery services company that will be particular about providing customers with several quality products and services that are related to the courier and delivery services business. We want to make sure our prices are reasonable and affordable for our customers too.
Our business vision is to establish and nurture a thriving courier and delivery services company that will become the standard to other companies in the industry, both in America and globally. We know we will not be able to accomplish such a feat if we do not pay maximum attention to building a strong business structure.
We will make sure of employing only employees that are honest, hardworking, and qualified. Here is a list of the positions to be filled in our company:
- Chief executive officer (CEO)
- Sales and Marketing Executives
- Admin and Human Resources manager
- Transport and logistics manager
- Dispatch Riders
- Customer Services Executive
Here are the groups making up our target market:
- Government Officials
- Research and Development Companies
- Real Estate Owners, Developers, and Contractors
- Financial Institutions
- Manufacturers and Distributors
- Corporate Organizations
- Online Stores
Sales and Marketing Strategy
We will make sure of adhering to the following sales and marketing objectives to ensure we promote our courier and delivery services company:
- Beginning with introducing our business to various groups making up our target market, we will make use of our business brochures and fliers in making sure we get to as many prospective customers.
- We will use other channels of advertising our business such as the use of handbills in promoting our business.
- We will make sure of advertising our business on local media such as the local newspapers, magazines, radio and TV stations.
- The internet will not be left out as regards to promoting our business. We will make sure of signing up for various social media platforms such as Facebook, Instagram, and Twitter.
Source of Startup capital
Having conducted a thorough feasibility study, we have realized we will need a total of $400,000 to start up our courier and delivery services company in New York City, United States. We will get 50% of the startup capital from the owner, Philips Jacobs Melvin. 25% will be sourced from both the owner’s bank and his friends and relatives.
First Fiscal Year $250,000
Second Fiscal Year $500,000
Third Fiscal Year $800,000
Above is a courier and delivery services company business plan sample which has used a sample business name, ‘Philips Melvin Economic Mail, Inc.’ and which will be owned by Philips Jacobs Melvin. The business will be headquartered in New York City, United States.