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 become a few names that can stand firm in the market during the Covid-19 era, 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 nascent 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 reputation from 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 most vulnerable early stages.
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 – TP. 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 unique 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 delivery 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.