become an exclusive distributor
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Becoming an exclusive distributor requires a product that will be sold retail or wholesale. You must determine which option is more profitable. Setting up an agreement with manufacturers to buy inventory is fundamental to your success. Also, you must find out who and where you will be selling to. Maintaining inventory is essential to being an exclusive distributor. Therefore, you should review your company obligations prior to submitting requests to become an exclusive distributor. Typically, electronics are fast moving consumer products, so you may find that being the only provider in your area is worth the investment.
Instructions
1
Determine which products you want to distribute and make sure the manufacturer is reputable.
2
Find out who buys from a particular manufacturer before considering becoming an exclusive distributor. Obtain the current client to ensure that there is enough potential revenue by becoming an exclusive distributor. Make your offer based on the value of the client list. For example, you can make an offer worth a percentage of your expected profit. Send a letter noting the formal offer to buy everything and how often you intend to purchase (i.e., every 30 days).
3
Contact the manufacturer to buy out the inventory. Offer a consistent opportunity for the manufacturer to move inventory faster.
4
Sign agreements to confirm the exclusive distributor relationship. Establish a system that prevents anyone from buying products directly from the manufacturer. For instance, you buy inventory as soon as it is available. Also, you must obtain their client list and inform them of the new re-seller relationship (i.e., price increases). Seek the help of an attorney to ensure everything is properly done.
Tips &- Warnings
Get the documents for the agreement notarized to help ensure legitimacy.
Tags: exclusive distributor, become exclusive, become exclusive distributor, Also must, becoming exclusive, client listSource: www.ehow.com
