Do you know the average salary in logistics jobs is around ₹2.5 Lakhs annually? Now, imagine how much a logistics business can earn in a year.
Seems exciting. Doesn’t it?
Almost all industries – including manufacturing, eCommerce, and agriculture – have a common need: They require movement of different belongings to ensure their smooth operations.
In 2017, the world’s logistics market was valued at $10.32 Billion, and it was expected to reach the $12.68 mark by 2023.
A significant reason behind the growth is the growing trade activity in the globalized world. It means you can earn a lot through a logistics business in 2023.
Now, the question is: How To start a logistics business in India? We’ll help you find the answer.
What is a Logistics Company?
First things first, a logistic company is different from a transport company.
Unlike a transport company, a logistic company takes care of packaging of goods, transportation, handling, and storage.
How to Start a Logistic Company in India?
It is a step-by-step process.
- Identify and define your business model
- Register your logistics business
- Find local search agencies and register your company with them
- Develop connections with transport facility providers
Identify and define your business model
How to start a logistics business in India? The answer is not as simple as it seems.
First of all, you must figure out a business model for your company. Do you want to establish your own company, or do you like to get a franchise of a popular company? Both of them have their own pros and cons. Consider them before making a decision.
Also, make a plan on the types of services you want to offer. They can only be about pick and drop, or they may include packaging too.
Register your logistics business
Once you’ve defined your business model, the next step is to register your company.
It is extremely important to register your company in India. If you don’t, it will not be considered as a legitimate business.
You need to register your logistics company with the Government of India. When registered, you receive:
- Shop act license
- Goods and Services Tax (GST) number
- Udyog aadhar
Find local search agencies and register your company with them
After registering your business with the Indian government, the next step is to look for local search search companies. Registering with them enables you to qualify for potential leads they get.
It will cost around ₹5000 to register with a company like Sulekha or JustDial.
Develop connections with transport facility providers
Remember, your transport service providers are the backbone of your logistics company. They are the ones who’ll help you transport goods and deliver them correctly.
To develop connections with transport service providers in your city is to visit them personally and talk to them. Tell them what types of services you want from them.
Advertising your logistics company and its services is as important as starting it.
In today’s competitive business world, you must use both traditional and digital marketing methods. Look for places where you can place your ads for maximum attention.
Apart from that, you can hire a digital marketing agency to market your business on different platforms online. This will enable you to grab the attention of masses.
In the End
Now that you know how to start a logistics business in India, it’s time to take the big step. Remain confident, and take all the necessary measures that will help you start your company smoothly and take it to the new heights of success.
All the best!