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Starting a Warehouse and Wholesale Distribution Centre: The Essential Facts

Starting a new business can be a daunting prospect, but think about the pros and cons of doing so: you can dictate your own hours, you are your own boss (that sounds more appealing) and all profits go directly to your bank account. See, it is not as scary when you put it like that. Of course, starting your own business requires much more than just willpower. You need a viable business plan in place. You need to discover gaps in the current market. You need to develop your own niche. So, if you are looking at starting your own business, have you considered setting up your own warehouse and wholesale distribution centre?

 

A modern, wholesale distribution centre is always needed. And you are just the person to do it. The field of wholesale distribution is essentially the buying and selling game. But, you need to be the right person for the job. You will need to possess a varied employment background and excellent negotiation skills as well as keeping your finger on the pulse for current trends or the ‘next big thing’ within your professional field. If this isn’t enough, you will also need to possess strong sales skills. Set your inner salesman free and use the skills that you know you have.

 

In short, the idea of a wholesale distributor is to buy a product (whatever that may be, it’s your business, you decide) at the lowest price possible and then sell it on for the highest price possible. Of course, the highest price possible will depend on what your competitors prices. You don’t want to price yourself out of the market, after all. The key here is to make a sound profit while still enticing your customers with competitive prices.

 

When setting up shop, there are some key considerations. When looking at premises, you will need to think about the product that you are selling and its size. Seems fairly obvious, but you do not want a tiny shop floor if you are selling large products. Think about it logically. It is said that you could start this business from home, but do you really want to turn your home into a distribution centre? Renting premises is a much more viable solution. You won’t need to decorate the premises either. No one expects a pretty warehouse. Ensure that you have a solid concrete floor though; trucks, forklifts and people will damage any carpet or existing floor that you have. Concrete Protection Systems West will be able to help with this. Your location is also critical. There is no need to set up in an expensive part of town; you will be expected to be off the beaten track. No one expects to see a warehouse on the high street. This means that you can save a lot of money on rent due to not having a desirable postcode.

 

In summary, if you have excellent salesperson qualities and a suitable location, as well as a good head for numbers and negotiation skills, there is no reason you cannot set up your own warehouse and distribution centre. The world is truly your oyster.

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Chirag Dodiya

I Conceptualize, Innovate and then work on Executing Amazing Startup Ideas with the help of a team and Entrepreneurs Network. I love building and rebuilding Products. Using creativity, ideas and magic, I build businesses.

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