Yesterday we were discussing how new innovations online are leading to big profits for pizza franchises like Domino's. Well the internet has created much greater profits for another franchising sector - the mailing and shipping sector.
America loves buying stuff online and for every book, couch, or pair of sneakers ordering on ebay or Amazon, somebody's got to deliver it. The likes of The UPS Store have stepped in to fill that void and are now reaping the benefits. This week's New York Times revealed that online sales were up a remarkable 15% from last year. That means $35.3 billion in sales. And best of all, the huge amount of returns will mean another wave of work for shipping franchises. This is creating jobs for franchisees and beyond.
"Good news for shipping is usually good news for the economy as a whole, economists say. FedEx, for example, hired 20,000 holiday workers to deal with extra e-commerce purchases, an 18 percent leap from 2010, while U.P.S. hired 55,000 workers, an increase of 10 percent."
The story does explain that shipping franchises outside of the e-commerce net are feeling the pinch, which something to consider when you weigh up the right shipping franchise for you.