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How to start wholesale distribution business?

How to start wholesale distribution businessHow to start wholesale distribution business?

If you are getting bored with your current job or looking for some change, you can try starting wholesale distribution business. Wholesale distribution business sales are at $ 3.2 Trillion across the world. The business is growing year on year. In this article, we would tell you step-by-step process on how to start whole sale distribution business.

Also read: How to start a pharmacy business in India

What is wholesale distribution business?

Under wholesale distribution business, we can buy products directly from manufacturers and sell them to retailers or to end-users or consumers. Wholesale distribution business is like buying at low cost and selling the products at high price. Wholesaler would buy the products, stores in warehouse or go-downs and sell the products at retail prices. He would act like an in-direct agent in selling the products.

How to start wholesale distribution business?

Here is the step-by-step guide on how to start wholesale distribution business.

Step#1 – Choose the products to buy under wholesale business

Your primary step would be in identifying the products which you want to do wholesale business. It could be any niche product like books or clothing or children toys etc.

Step#2 – Prepare business plan for your whole sale distribution business

Once you finalize which products you want to do business, next step is preparing the business plan. Business plan should cover your analysis about products, cost of procurement, distribution costs, sale price and finally the profits. The plan should be prepared for a period of 6 months to 3 years period.

Step # 3 – Get necessary licenses from your local authority

Depending on your local authority guidelines, you need to procure necessary license to run whole sale distribution business.

Step # 4 – Lease / Buy warehouse facility

You need to lease or buy warehouse facility. When you choose such facility, ensure you keep an eye on logistics and they are nearer to transport facilities. Also some products like food products require special warehouse facilities. Hence choosing a warehouse would differ from product to product.

Step # 5 – Put your purchase order with low cost Manufacturers

Choosing good quality products with low cost is a key factor. You should list down all possible manufacturer names where you can procure your products with low costs. Several manufacturers offer discounts if you buy bulk quantities. Identifying such manufactures is a key.

Step # 6 –Hire key people for warehouse maintenance

If you get products to your warehouse, that would not be sufficient. They need to be maintained properly. Identify key staff who can take care of warehouse maintenance.

Also read: How to start an awe-some book store

Step # 7 – Identify potential retailers or end-users

Identifying potential retailers is not that easy. You should enquire about who would be buying your products and you should know what competitors are offering to the retailers or end-users. Any extra discount beyond what competitors are offering would be good to start your business.

Does this wholesale distribution business is good to start?

The wholesale distribution business is growing year on year and currently it is at $ 3.2 trillion. If you can put a good plan and have marketing skills, you can easily make this business successful.

Readers, I would like to have your feedback and suggestions from this article. You can leave a comment in below comments section.

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Team – Allbusinessideas.com

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