Governed by less market competition, a plethora of lucrative opportunities and safe product dealing, distributorship business has become quite a popular means of moneymaking today. And, especially if you’re dealing with items that belong the FMCG and F&B industry, your profit ratios and success of business is indeed immaculate. But, amid this picture of whimsical, lies a grave truth. For any business to flourish, be it as simple as the Bikano distributorship venture, inspecting all the pros and cons is of utmost importance.
So, now that you’ve made your mind on getting into the distributorship business, here are some steps that you must follow:-
This is crucial. Contacting a supplier with a good reputation in the market not only in terms of the popularity of its products and services, but as a business-doing entity is very important. This is because, it is the company that you have to deal with and not exactly with its products. If the seller is flexible, helpful and follows good business terms, doing business with it will serve as a great advantage than vice versa. Bikano is a great company to get associated with. The brand has an international reputation for excellence and is highly acclaimed by its already associated distributors for its fare business practices. You can become a Bikano international distributor.
There are a couple of legal formalities that need to be completed before you start with your distributorship business. This typically involves, filing for business name, state sales tax or GST now, and a couple of other vital registrations. If you’re planning on exporting or importing the products to or from any foreign country, you must apply for exportation or importation permit.
So, now that you’ve made your mind on getting into the distributorship business, here are some steps that you must follow:-