How to earn from a Post Office Franchise?
After taking the franchise of the post office, your income completely depends on the services offered by you and the commission received. You get a fixed commission for every small and big work. This being a government service, there is no shortage of customers and you can earn commission regularly.
The Department of Posts has fixed different commission rates for different services, which are as follows:
Registered Post: Commission of ₹3 per booking.
Speed Post: A commission of £5 per booking
Money Order: 3.50% commission on money orders over 00
Postal Stamps and Stationery: 5% profit on sale of postage stamps and stationery
Revenue Stamp: Up to 4% commission on the sale of revenue stamps
The complete mathematics of the commission: How much can you earn?
If you book a good number of speed posts, registries and parcels every day, then ₹20,000 to ₹50,000 or even more can be earned every month without any risk. Let's understand this with an example:
If you book 20 Speed Post in a day (₹5 per booking) = ₹100 / day
Book 10 registered posts (₹3 per booking) = ₹30 / day
Make a money order of ₹500 (3.5%) = ₹17.5 / transaction
Stamp sales of ₹500 (5%) = ₹25 / day
Total daily earnings (estimated) ₹100 + ₹30 + ₹18 + ₹25 = ₹173 / day Monthly Earnings (on working for 25 days) ₹173 × 25 = ₹4,325 / month (minimum estimate)
If you take a franchise in a large location and make 50-100 speed post bookings daily, the earnings can easily reach ₹20,000 to ₹50,000. In addition, income from parcels, stamp sales, and other services can be even higher in larger cities.
Who can take up a post office franchise?
The terms and conditions for taking the franchise of India Post have been kept very simple so that the youth of both rural and urban areas can take advantage of it. The eligibility criteria are as follows:
Age: The minimum age of the applicant should be 18 years.
Education: Candidates must have passed class 8 from a recognised school.
Place: You must have a small shop or a certain place in the market to work. This place should be easily accessible to customers.
Knowledge of computer: Basic knowledge of computer and internet will make your work easier.
These conditions are so simple that any youth, whether in the city or in the village, can take advantage of this opportunity. In addition, women and other backward class people are also given priority in this scheme, making it an inclusive scheme.
How to apply? (Step by step)
Applying for a post office franchise is very easy. To do this, you must follow the following steps:
Step 1: Go to the official website of India Post (www.indiapost.gov.in) and download the official form from the franchisee section.
Step 2: Complete the form and mail it to your nearest post office. Along with this, you will also have to submit your educational qualification, identity card, address proof and a receipt for a security deposit of ₹5,000.
Step 3: After the form is selected, the postal department will sign an MoU with you.
Step 4: After the MoU is signed, you can officially start your own pucca business by becoming a partner of the post office.
After applying, the postal department will check your place and eligibility, which may take 15-30 days. After getting the approval, you will also be given a training, so that you can operate all postal services in the right way.
Highlights of the plan
This franchise plan has a number of features that make it different from other franchise models:
A low risk: With a security deposit of ₹5,000, which is refundable, your investment is safe.
The trust of the government: This is a completely government scheme, so there is no risk of fraud, fake company or money sinking into it.
Permanent income: As your business grows, your income will also increase and it is a long-lasting business.
Minimum Overhead: The postal department provides you with stamps, stationery and other materials, so that you do not have to invest any inventory separately.
Advantages of the location: With a good location in the market and the right promotion, you can garner a good number of customers.
Tips for a successful franchise
If you want to earn maximum through Post Office Franchise, keep these things in mind:
Consider the following when choosing a location: Open a franchise near a market, school, college or large residential area where there is a crowd of people and they need postal services.
Focusing on Customer Service: By providing timely service and answering customers' questions correctly, your business will grow and people will refer you.
To add additional services: You can also provide other services related to the post office like banking (IPPB), Aadhaar facilities, passenger reservation, etc.
How to accept digital payments: Offering UPI, credit / debit cards and other digital payment options will make customers love you more and increase your sales.
Take advantage of the training: The postal department will give you training on all the services and software, take it completely and implement it.
The post office franchise: FAQs
Q: Is it possible to get a refund of $5,000?
Yes, when you close the franchise or the department terminates your contract, your security deposit of ₹5,000 is refunded, provided there are no dues or penalties on you.
Q: Can I sell other items in my store as well?
Yes, you can also sell other things (such as stationery, mobile recharges, bill payments) at your shop, provided they conform to the rules of the postal department.
Q: Is there any educational qualification required for this course?
Yes, it is mandatory to have a minimum of 8th pass, although it is better to have 10th or 12th pass.
Q: How much space is needed for the franchise?
You need at least 50-100 square feet of space to work, where you can keep computers, stamps, stationery and other things.
Q: Can women apply for this franchise?
Absolutely! Women are given priority in this scheme and they are also eligible for this franchise like men.
Q: Can I have more than one franchise?
Yes, if you have more than one location and you meet all the conditions, you can also have more than one franchise.
Conclusion
The Post Office Franchise Scheme is a golden opportunity for the youth who want to start their business with less investment and want a regular income with government trust.
With a security deposit of just ₹5,000, 8th pass education and 18 years of age, you are entitled to this franchise. Commissions on various services of the postal department - speed post, registry, money order, stamp sale - can earn you between ₹20,000 and ₹50,000 every month.
It is a government-guaranteed scheme with no risk of fraud or money loss. If you want to start your own solid and reliable business, download the form from the India Post website today and apply to your nearest head post office.
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