Good news for all mobile outlet owners - Xiaomi MI India is inviting applications online for authorized MI Store Franchise Business once again starting 2019 year. We have compiled a detailed information for MI Store Dealership and Distributorship requirements of their electronic gadgets and service center access as a part of the franchise opportunity. Resources regarding MI Store Franchise Application form online available as PDF download option, their latest enquiry, cost of setting up the business, profits / benefits / income entitled to the store owners and registration details are provided in brief.
Over the last two years in space of mobile technology, Xiaomi MI India has received a tremendous response in their Android smartphones market. They have their sales and service team equipped together which provides the necessary care for all mobile owners buying their smartphones from the stores.
|Xiaomi MI India Franchise Application for Dealerships invited|
Xiaomi has options for people to open their MI Home Stores which consists of all of their gadgets including their smartphones with after sales and services associated with the stores. Below are some of the information regarding their opening of franchise requirements starting next year.
MI Store Franchise setup and necessary requirements / enquiry
If you are planning to start the business, then one should note the specifications and requirements which are important before diving deep into that specific franchise opportunity.
Xiaomi MI India has provided the guidelines for basic necessities regarding the store opening procedure as follows:
- Should possess space within the city limits and within the proximity of maximum reach of people
- Store should be away from another MI Store by atleast 3 KM to 5 KM in range
- Should have basic internet connectivity and PC / laptop for connecting to MI India web server
- Printer to generate authorized MI Store bills
- Store should be equipped with Table stand for displaying the latest range of higher end smartphones from Xiaomi
These were some of the requirements and if they can be worked out well, then MI India can provide you with the dealership approval very easily.
MI Store Franchise Dealership Business Cost
The cost of setting up the store depends on the availability and reach at the specific location and state premises. Different parts of the state have different costs associated mainly due to the regulation changes and CGST / SGST changes taking place.
Following is the tentative cost in the locations:
- For Western India Stores :: Approximately 4 lacs
- For Northern India Store :: Approximately 5.5 lacs
- For Other Region Stores :: Approximately 4.8 lacs
Please email us your request or put your request in the comment below and we will check and reflect back to you the exact number after confirming with MI India team.
MI Store Franchise Distributorship List of Products and their Profit Margin
It is stated that different categories will have different products and the profit margin changes as per scenarios listed out by Xiaomi MI India for 2019 year.
|MI Store Setup for Franchise Dealership Application online|
These are the list of products which are currently available in the fray of MI Store Franchise and their margins vary as below:
- For MI Phones (MI MIX 2 and MI A2) :: Profit margin of 40% associated on MRP
- For MI Redmi Smartphones (Redmi Note 6 Pro, Redmi Note 5 Pro, Redmi 6 Pro, Redmi 6, Redmi 6A, Redmi Y2 and others) :: Profit margin of 37% associated on the MRP price
- For MI Poco Smartphone (POCO F1) :: Profit margin of 35% associated
- For MI TV and TV Accessories :: Profit margin of 34% on the MRP listed
- For MI Fitness Products (MI Band 3, MI Band HRX Edition, MI Body Composition Scale) :: Profit margin of 45% on the listed MRP
- For all MI Lifestyle products (MI Luggage, Backpacks, Apparels / T-Shirts, Travel Pillow, Roller ball pen) :: Profit margin income of 47% on listed MRP
- For MI Smart Home solution products (MI Air Purifier, MI Air Purifier Filter, MI Home Security Camera, MI Router) :: Profit margin of 32% in this category
- For MI General Accessories (Power Banks, Audio / Earphones, Chargers / Cables, Cases and Protectors, Selfie Stick) :: Income of 49% on this category - Highest for any category listed above.
These were some of the income percentage associated as declared from the side of Xiaomi MI India and officially regarded for upcoming year onwards after the revision of GST changes.
MI Store Franchise Dealership Application Form online and submit officially
You can now submit the application form for MI India Store Franchise Dealership and Distributorship process. The following details are required in the application request form:
- Full name - First name and Last name
- Address of the store opening with area in brief
- Any other MI Store within the close vicinity
- Prior experience in doing business? If yes, earlier business details
- Any retail / commercial product business experience?
- Provide detail explaination on why you think MI Home Store is the best fit business for your profits and needs.
These are some of the enquiry details which are required to be filled up in the form.
If you need the actual form, these can be purchased in regards to MI India Store and is available with us free of cost. Please let us know if you are interested by commenting below your experience with email address, and we will provide you with the necessary details on proceeding with the next steps..
If you have any questions, please comment below and let us know - We will respond to your queries as soon as possible and also have an Xiaomi MI Store agent with us to share his experience on your question.