Today, everyone is looking for super-profitable business ideas to generate the most profit. And, Starting a MI franchise can be quite profitable.
You only need to open a store and apply for a franchise because they are a well-known brand. In this piece, we’ll attempt to describe the Xiaomi franchise.
About the MI
Xiaomi owns the MI brand, primarily involved in manufacturing high-quality mobile phones in China. And the Xiaomi Mi was the company’s first mobile phone, unveiled in 2010 by Lei Jun.
Xiaomi is also the world’s fourth-largest corporation, after Apple and Samsung, with Huawei developing their chip-based mobile phones. Xiaomi is the youngest firm on the Fortune 500 list, announced recently.
MI is India’s most well-known and cutting-edge technological brand. MI started their journey in 2010, and in a relatively short period, they had seized the attention of the IT world for the quality and durability of their goods.
They also built incredible software, hardware, and web services. A MI franchise is a valuable business opportunity.
Prerequisites for opening a Mi Store
- Firstly, Make sure there are no other Mi stores within a 10-kilometer radius. If there is already a Mi store, you will not open a Mi Franchise store. These criteria may vary based on whether you live in a rural, urban, or metropolitan location.
- It is also required that you have your shop or store. If you don’t have your own business or store, consider renting one.
- And, The population density in the area where you want to launch a Mi Store Franchise is moderate. Mi Store Franchise is not available in areas with a low population density.
- It would help if you were an Indian citizen.
Mi Franchise Model
| Investment | 12 to 15 lakhs |
| Area Required | 200-250 Sq ft. |
| Royalty-Fee | NA |
Benefits of Mi Store Franchise
Xiaomi can assist you in various ways to increase your company’s profitability.
Here are examples.
- Clamming and branding
- Training in the beginning
- Branding and bookkeeping
- The office supports inventory audits and product development.
- Development of Merchandise
Frequently Asked Questions
Is Mi a Chinese brand?
Xiaomi Corporation, often known as Xiaomi Inc. throughout Asia, is a Beijing-based Chinese multinational electronics company founded in April 2010.
Mi Store a Profitable Business?
Xiaomi has partnered with prominent regional retail chains to open these one-of-a-kind locations.
Is the Mi Store prohibited in India?
The Indian government imposed a ban on Mi Browser Pro.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.