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How do I successfully start a distribution business?
There are plenty of products looking for a market and markets looking for products. You just need to research the industry you are interested in, talk to retailers about what they sell, who they buy it from and get a good feeling for what's missing. Sales reps ought to be your best friends and sourcRead more
There are plenty of products looking for a market and markets looking for products. You just need to research the industry you are interested in, talk to retailers about what they sell, who they buy it from and get a good feeling for what’s missing. Sales reps ought to be your best friends and source of info.
See lessVisit industry trade shows, they are a mine of information where you can identify products that could interest you. Work out a plan for the resources you will require, the team you will require. Organize sufficient cash flow. Distribution businesses are typically cash flow hungry. Then hunt down manufacturers, get samples, show retailers and sign deals. Workout in the deal some manufacturer % funding to support marketing & collaterals as retail activations will be your biggest concern to get the required sell-through. A good source of info are retailers themselves in order to understand what the trading terms will be.
Once you have established minimum presence. Talk about your successes and use those to spread and grow. Stabilise your bases and beware of growing overheads too fast.
Which club will Messi play for next season?
Paris Saint-Germain appear to be the early favourites to land Messi this summer. With Neymar already in the squad and a number of Argentines as well, the French side have been building a project focused on bringing the Champions League to the Parc des Princes. Then there's the chance of a u-turn andRead more
Paris Saint-Germain appear to be the early favourites to land Messi this summer. With Neymar already in the squad and a number of Argentines as well, the French side have been building a project focused on bringing the Champions League to the Parc des Princes.
See lessThen there’s the chance of a u-turn and for Messi to stay at the Camp Nou. The biggest complication in his renewal has been LaLiga’s salary limits and an inability to register the player, but anything is possible until August 31.