Not everyone of
us has the skill set of working in an organization and meeting monthly targets.
Some of us are too ambitious for such laid back jobs and love to explore new
business avenues. Setting up our own business and earning the tag of an
entrepreneur. But then there come three possibilities to mull over – would you
want to start a business from scratch, buy an existing venture someone’s ready
to sell in the market or opt for distributorship? While starting your own
business requires excessive marketing and a good capital amount, buying an
existing business involves sorting the mess and management strategies to make
it flourish again. Of these, buying a distributorship speaks of least efforts.
For instance, opting for a Bikano distributorship will prove to be highly
lucrative and rewarding as well.
However, there
are some basic points that you must take into consideration before becoming a
distributor.
Assess the
Manufacturer – The first and the foremost thing is to check the background of
the manufacturer you’re planning to partner with. For instance, speaking of
Bikano distributorship, it’s best to assess Bikano’s reputation in the market,
people it caters, profitability ratio and product need in the market.
Study the Market
– The next step is to know the market for the products. Check the demand of
Bikano products along with profit margins on each product and sales figures of
other distributors. If you see a growth in the profit scale of Bikano’s
distributors over five consecutive years, it’s a wise decision to partner with
it.
Carefully Read
the Terms and Conditions – Make sure to scrutinize each and every point
mentioned in the Terms and Conditions document of business. It must not be a
one-sided agreement and should have certain points in your favour as well.
See if the
Manufacturer offers Training Programs – These serve as an added advantage in
many forms. The manufacturer typically trains your professionals on how the
distribution process runs; what are the skills required; and what shall be the
best way to conduct business activities in order to enhance the profit ratio.
Know your
Competition in the Market – When opting for distributorship, analysing your
completion in the market can help you understand whether or not it’s worth
investing into. For example, if you plan to become a Bikano international
distributor, you need to be sure that you can handle global pressure.
Office and
Warehouse Location – This is another essential factor that must make to your
list of whether or not to buy distributorship. If you’re planning to cater a
smaller area, ensure you have a centrally located office and warehouse. While
on the other hand, if you’re looking to serve a wider public, ensure to have a
warehouse near transport facilities.
