Sales & Distribution
The Sales and Distribution industry may be a wise one to enter into, as solid growth is forecast for the next several years. It also performed above average during the tough economic years from 2000-2010.
Not too many other industries have demonstrated that level of resilience. Therefore, this industry provides a great prospect.
Sales and Distribution Business
If you want a relatively high chance of success, consider a sales and distribution business for sale. Success is never guaranteed, but if the overall sector is doing well, that?s helpful to your company.
The main keys to profit are operating very efficiently and turning inventory over quickly. If you have great customer service skills, you?ll find yourself ahead of the competition.
You can run this type of company from home. The best place to run this type of company is in an area where land is inexpensive and warehouse space is affordable.
It typically takes from two to five years before you are turning a profit. Skills required for success in this industry include marketing, accounting, shipping, and customer service.
You will probably need the assistance of an inventory management program. Your customer base may include retail companies, retail distributors, exporters, and wholesale distributors.
You can also sell to the government.
Choosing a niche is difficult, but there are many profitable ones from which to choose. As long as you know the problems people face and how your product solves them, you can make a sale.
You can offer a diversity of different goods if you?d like. The main point is to have a diverse customer base. As long as you have that, you will be okay if a few customers leave.
One main challenge you will face is how much inventory to keep on hand. Keep too much, and it might not sell. Keep too little, and you may not be ready when someone wants to purchase.
If you want to keep low inventory, sell it, reinvest some of the profits, and resell. Simply repeat the process until your company is overflowing with profits.
If you are thinking about selling a sales and distribution business, you should have many buyers. Alternatively, if you are considering buying a sales and distribution business, you have much opportunity for future success.
About the Author
This Wiki was written by Andy White, CEO of Biz Trader .