So
how much do you really require to become a small scale wholesaler in Kenya?
The
answer is simple and it all lies on the amount you have at hand. As much as
what you have can buy something from a distributor then you can work and grow
from it! However, the greatest and most import thing here is getting the best product
that suits your target market. Here are some questions that can help you arrive
quickly to a choice commodity;
l What commodity is basic in the area?
l How much does it cost?
l What are the transport requirements?
l What's the market demand for the
commodity?
l Does it require licensing?
l How fast can I finish my supplies? Etc...
In
a nutshell let’s have a look at the above questions and see how they can help
you begin the small scale wholesale business. As with the first one, it'll be
kind of you to at least do your supplies on a commodity that has ready market
since you deeply need to grow. Whoever said every product has its own market
was not wrong, but for this case, you definitely wouldn't want your money to
"sleep?" Check on something that will sell fast and keep you working.
Note that the more the turns you make the higher the profit.
Secondly,
don't go for expensive products. For instance it is will not be wise to begin a
laptop selling business if the much you can afford is for only one gadget. It
is obvious you may get market for the computer but for how long will you have
to wait to sell it? Yes, it's factual that the computer may give you good
profit but remember your priorities as a beginner small scale wholesaler is to
earn customer as well as consistent flow of profit. So you need some sort of
daily used commodity.
As
a wise advice, try all ways to chop off any transport requirements to avoid any
farther interference on the price of you commodity. For instance let's say you
are in the supply of plastic bags (commonly used for packaging). If the
distributors gives you a 100pc batch at 80/= and you take 10parkets of them,
your expected gross profit should be 20/= per batch, then 20 multiplied by 10 equals
to 200/-.
Know
here is the idea, since you are a starter, try as much as possible to maintain
that profit even if it means walking while supplying the products from shop to
shop. Apparently you can use a bicycle since it doesn't require fueling and its
maintenance cost is low.
Supply
whatever you can until you get the product(s) with the highest return. And can
as well sustain you in the long run. This means, you have to look into the
future market: for instance, ask yourself will the product remain basic five or
so years to come? If yes, go for it and as you grow you can know begin to test
the market on other products using the same principle.
All
info here is free, please share with your friends and let's reduce joblessness
in our society. "You'll always receive more of what you share!"