Starting a new business always involves some level of risk, and many concerns about its success naturally arise. However, one way to increase the likelihood of success is by choosing a brand or business model that is already well-known and established.
When you start a popular business, you are more likely to attract customers, helping you achieve desired profits. If you want to minimize risk, investing in a franchise of a well-known business can be an excellent option. Here, we will discuss some popular and reliable franchise business models that can help you start your venture with ease.
FMCG Dairy Franchise Business
The demand for fast-moving consumer goods (FMCG) is consistently high because they are everyday essentials. You can enter this sector by acquiring a franchise from major FMCG companies like Mother Dairy or companies producing tomato-based products.
Typically, this business requires an investment of up to ₹200,000. You can earn a profit margin of 20% to 25% on the goods you sell. For instance, if you sell products worth ₹200,000 monthly, your earnings can reach up to ₹50,000.
Tata 1mg Health Partner Franchise Business
Tata 1mg is a leading medicine delivery service that offers opportunities to become a health partner. An investment of approximately ₹200,000 is required for this franchise.
In this business, you provide customers with medicine delivery and lab test services, earning a good commission on each order. With this franchise, you can easily make between ₹25,000 and ₹70,000 per month. To get started, you need to contact Tata 1mg’s franchise team and submit an application.
Skill India Business Support Franchise Business
The Skill India Business Support Franchise runs various skill-training programs aimed at supporting small businesses and boosting their sales. Through these programs, you can help small businesses improve their performance and adopt better business practices.
An investment of ₹100,000 is required for this franchise. You will learn strategies for business improvement and how to achieve success. This knowledge can help you earn significant profits from the business.
Logistics Franchise Business
Logistics-based courier companies like DTDC and Blue Dart are expanding rapidly due to the growing e-commerce industry. You can start a logistics franchise with an investment ranging from ₹100,000 to ₹200,000.
You earn a good commission on each parcel delivery. As the demand for online shopping and delivery services increases, your earnings will also rise. This business model can generate substantial monthly profits.
Conclusion
With these popular franchise options, you can start a business with reduced risk. With the right strategy and investment, these business models can provide consistent profits and help you achieve long-term success.