If you’re looking to small-scale at small costs but promises significant returns over time, a delivery service business is an excellent choice. It’s a lucrative business to get into, with the Couriers & Local Delivery Services industry reporting the sector to have over $114.8 billion net worth value this year.
You won’t have to spend much, and it doesn’t require degrees or experience. Not to mention you have numerous potential clients on your hands just by knocking on the doors of local businesses in your community.
To get your delivery service off the ground, here’s what you need to do.
Get a Large Vehicle
If you don’t already have a van or truck, there’s a large market for new and used trucks. The best vehicles for a startup delivery business are cargo vans, box trucks, and pickup trucks. Additionally, investing in fuel-efficient automobiles as you’ll be racking up many miles on your delivery routes, which can be costly in the long run.
If you already have an efficient vehicle, you don’t need to invest in a new one, but if you’re looking to buy one but don’t have the means, you can always take mortgage loans against your home to buy a decent van or truck.
The best trucks experienced delivery drivers recommend are the Chevy Express Van and Ford Transit Cargo.
Name Your Delivery Business
Your delivery business’s name is essential as it’ll be the first thing clients will encounter, so ensure it’s creative and unique. Once you secure a business name, you’ll need to set it up from a legal standpoint. Additionally, you’ll need to decide on a business structure, but since you’re starting from scratch, a sole proprietorship may be the best option for you. You can consult with an attorney to see which one is the best for you.
Purchase Insurance
Even if you’re starting a small-scale business, you should always consider buying insurance to protect your business and finances in case of an accident. You’re required to have auto insurance, cargo insurance, and possibly liability insurance if you plan on creating a delivery business. Moreover, having insurance can build your customer’s trust as most avoid working with delivery companies that are not insured or under-insured. Contact a local insurance broker to see the best policies for you and how much it will cost you.
Market
When you have your truck, insurance, and business name secured, now you’ll need your customers. Getting your brand out there is essential when getting your business off the ground. You can start by spreading the word in your local community through local businesses by giving out some business cards and flyers. However, the best way to market your business to today’s consumers is by promoting your brand on popular social media networks such as Facebook, Twitter, and Instagram. You can also build yourself a website to make your business more ‘professional.’
Keep Up Your Reputation
After setting up your business, you’ll want to establish lasting relationships with your repeat clients. A great way you can do this is by providing incentives through loyalty programs, such as receiving deliveries free of charge for every 15 deliveries or package deals they offer per week. Determine what your customers need, provide good deals for them, and let it play to your strengths.
Starting a small delivery business is an excellent way to be your own boss and make a decent income without much hassle. Follow the steps mentioned, and creating a delivery service is just a few steps away.