In today’s digital age, e-commerce is booming, and many Nigerian entrepreneurs are launching courier businesses to capitalize on this trend. If you are thinking about entering the courier business in Nigeria and join big couriers companies in Nigeria like DHL, UPS, FEDEX, ABEX, NSIK EXPRESS, PEACE EXPRESS, below is what you need to know to start this enterprise off right the first time. You can learn all the details in this step-by-step guide on how to start a courier business in Nigeria.
What is a courier service?
A courier service is one that provides express delivery of items such as packages, documents, and more. If you want to start your own courier business, it is important that you know what sort of services are offered by courier companies and how they can benefit you. While you may be able to get some advice from people who work for courier companies, consulting an industry expert may be even more helpful.
The different types of delivery services
Most courier businesses will fall into one of two categories—package delivery services and document delivery services. Package delivery is exactly what it sounds like: couriers deliver packages, usually within a specific geographic region or metro area. Document delivery businesses, on the other hand, focus on taking documents (usually small ones) from one place to another as quickly as possible.
Why you should operate as a courier
If you’re trying to launch your own courier business, it’s important to recognize that shipping items from one place to another—from an online retailer direct to a customer, for example—is an essential service. It is also essential for companies looking at expanding their existing reach. This is especially true of businesses with offices or warehouses spread out over multiple cities; what’s more convenient than having couriers pick up packages and deliver them within hours?
Who do you target with your delivery service?
Who do you want to service with your courier company? You can’t be everything for everyone. Decide on a niche and design your services around that need. Are you going after local businesses, global e-commerce companies, or individuals? There are many opportunities for each one of these market segments and your strategy will vary depending on which one you choose. Keep reading for details about starting up a delivery business targeting individuals, local businesses, and global companies.
What are the steps in starting your own courier service?
First and foremost, it’s important to be aware of all local regulations when starting your own courier service. While starting any business from scratch can be nerve wracking, you’ll have extra jitters if you break any rules along the way. To properly start your own courier service, follow these steps
Write a Business Plan for your courier Business
Every business venture needs a business plan, therefore it’s necessary you write a business plan for courier business in Nigeria. The business plan should contain information for startup and how you can run your courier business effectively.
Register Your Courier Business with CAC and NIPOST
It is very important to get your your courier business registered with the Cooperate Affairs Commission of Nigeria (CAC) as a limited liability company, so as to be able to operate legally in Nigeria. Also you will need to register with NIPOST and obtain an operating license for your courier business in Nigeria. See Requirement and procedure on How to Obtain a NIPOST operating license for Courier service business in Nigeria
Get an Office for your Courier Business
Your courier business will definitely need an office space big enough for it’s operations. You can rent or use your own property as office space.
Register your Courier Business with an Insurance Company
You will need insure your courier business with a reputable insurance company in Nigeria to provide insurance cover for customers goods and property in your custody against damage or loss during a disaster or an accident.
Materials and Equipment needed for Courier Business in Nigeria.
To run your courier business efficiently, you will need the following materials and equipment listed below.
- Trolley; To move heavy loads
- Shelves constructed in the office : Needed to store documents neatly
- Chairs and tables or counter : Needed for office use and for customers seating.
- Delivery Van or motorbike
- Brown and White Envelops with logo : Needed to package letters and documents.
- Customize Bags of different sizes : Needed for packaging bulk items
- Waybill : Needed for registering details of items for delivery. :
- Weighing machine : Needed for knowing the weight of items for delivery.
- Inventory books
Employ workers for your Courier Business
You will need to employ experience workers for your courier business in Nigeria to help you handle the day to day office work. packaging and delivery of customers items to their respective destinations.
Financing your startup
There are three main sources of financing for Nigerian startups: Bootstrapping, Investing, and Fundraising. Bootstrapping involves financing your startup with your own funds e.g., savings.
Funding typically comes from friends and family, though that may also mean loans from these parties that require repayment over time. Investment can come from angel investors or venture capitalists who provide capital funding in exchange for equity in your company.
Advertise your courier business in Nigeria.
To enable members of the public to patronize your courier services in Nigeria, it’s highly advisable you advertise your business to create the needed awareness. You can promote your courier business in Nigeria by placing advert in major newspapers in Nigeria or use social media platforms like Facebook, Twitter, WhatsApp, Instagram and Tiktok.