In Vietnam, data from startup support departments shows that about 80% of startups do not exist for more than two years. Notably, only 3% of start-ups achieve actual success. The problem of survival in the business world is already harsh, during the COVID-19 period, start-ups are even more difficult. ¾ start-ups in most countries have to pause and have no opportunity to raise more investment capital in the short term. To find a solution to the problem, many investors have taken advantage of the potential and solutions from the “big guys” in the express delivery industry, typically J&T Express, through the post office franchise model in the era. COVID-19.
In order to become a few names that can stand firm in the market during Covid-19, many investors have turned to big brands to cooperate. For example, with the post office franchise model, start-ups can take advantage of the available advantages to start a business from the early stage until it is stable and developed in the future.
Start-ups in the “start-up” stage only need to follow the methodically outlined route of the parent company instead of finding their own way. With J&T Express, the franchisee will inherit the prestige of the world’s No. 2 unicorn in the shipping industry, according to a report published at the end of December 2021 on the list of major unicorn companies. best in the world by CB Insights. In particular, investors will also receive existing customer files as well as receive 24/7 support from J&T Express. Inheriting benefits from a reputable and influential brand in the express delivery market, the franchisor can also save costs for marketing and communication activities. This contributes to reducing unnamed costs, limiting risks, and increasing success for investors in the early stages of being most vulnerable.
The post office franchising model continues to prove its effectiveness in terms of profit potential and rapid capital recovery when start-ups enter the stable operation stage. Many start-up owners like Mr. Do Trung Tuan – Owner of J&T Express post office in My Duc District – Ho Chi Minh City. Hanoi has recorded a return on investment after only 8-9 months of operation. Similarly, Mr. Do Ngoc Minh – J&T Express post office owner in Tay Ninh province expects that if he maintains the revenue level of the first 2 months of franchising business continuously for 6 months, he will have a chance to recover the initial capital. With the rapid development of the online business and the increasing demand for freight forwarding, the franchise model of J&T Express is expected to continue to flourish and grow sustainably in most parts of the world. all 63 provinces.
Explaining the above success, a J&T Express representative said that the ecosystem of 5 services of this unit is “tailored” for each individual need, helping to maximize the customer files in the market. . Typically, to support farmers to find output for agricultural products during the epidemic period, and to meet people’s food needs during the quarantine period, J&T Express has launched the J&T shipping service. Fresh is dedicated to agricultural products and fresh goods.
Meanwhile, sellers wishing to export can choose J&T International – service coverage in more than 200 countries and territories. Recently, J&T Express expanded its network to the Middle East, starting with Saudi Arabia and the United Arab Emirates. In the domestic market, J&T Express also launched J&T Super – express service, in addition to standard and express delivery services.
In addition, when cooperating with big names, start-ups can also benefit from a system invested in advanced technology, a modernized process that enhances accuracy, and reduces problems. during operation. Investors can refer to real-life examples from J&T Express – one of the pioneers in applying digital transformation across its entire system, typically the Track & Trace solution that helps track orders by Real-time, multi-channel management platform via website, mobile application on iOS and Android.
At the development stage, investors may consider opening more post offices in different geographical locations, taking advantage of the parent company’s existing extensive development network. A good example can be found in J&T Express’s post office franchise model. With a system of 36 transit centers in operation, more than 25,000 well-trained employees, and millions of customers nationwide, J&T Express brings support and a stable source of customers to investors who want to open more. other post offices in provinces and cities nationwide.
Representing a few express delivery brands pioneering the implementation of the post office franchise model, Mr. Phan Binh – Brand Director of J&T Express said: “J&T Express’s post office franchising model is a win-win partnership, bringing growth value to both franchise brands as well as start-ups in the market. We believe that, with undeniable pluses, the wave of investment under the post office franchise model will develop strongly in the coming time. This will also contribute to ensuring the supply chain of goods of the digital economy, in the context that the e-commerce industry in Vietnam has grown by 24 times in just the past 6 years.”