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magine a product everyone uses and everyone needs. Now imagine that you are
the only person who has the rights to market that product. Do you think that
would would be making tons of money? Well that's what happens if you're a distributor
for any product, particularly if you are the sole distributor for that product
in your state or country.
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Wholesale/Retail small business ideas or Distributor
Distributor rights depends very much on the company. Some may require a tedious
application process where you would need to provide financial particulars and
proven business track records or if its a smaller company starting up, it could
be offered by the company's owner to acquaintances. Regardless, it's a big responsibility
because the company expects that you will get their product to their customers
quickly and without any fuss.
Some people who travel extensively abroad discover products that would be popular
in their own countries. It could be anything from herbal medication to silk
cloth. They then contact the manufacturer to try and secure the rights to distribute
the product in their country. You will have to take care of all the documentation
and legalities with regards to health approvals from your local government to
import procedures. Then when your shipment comes in, you would already need
to have a network of resellers who are willing to sell your product. The set
up is pretty much up to you and what works best for you. If you are one of those
who can secure sole distributorship of a popular product in your state or country,
you'll be swimming in money!