Which wholesale distributor is right for your convenience store?
Initially, store owners must approach their business plan by determining the price of the merchandise they are going to sell. There are many wholesale convenience store distributors that may be fit for your business but determining the price will filter out the erroneous ones.
Secondly, identifying how your business will sell certain products is the next important step. For example, consumers may consider certain beverages or foods more popular during different seasons so store owners would need to restock some items more frequently than others. This is important in determining which wholesale distributor is right for you because every wholesale distributor is unique in their service: some may or may not be able to offer you the desired amount of stock depending on their network of manufacturers. This can be summed up as identifying what your business needs and who can provide that service, not once, but on a frequent basis.
Furthermore in the process of choosing the right relationship, store owners not only have to decide how frequent they want their stock but to also decide which wholesale distributor provides the best delivery service. There are many types of delivery service in the wholesale distribution industry that will prove to be more helpful and viable to your business than others. After determining the price and identify the frequency of restocking, deciding your preferred mode of delivery (and speed) will be much more simple.
After going through the first three steps of the process, store owners are now ready to choose their partners. Partnering up with the right wholesale distributor will create a higher potential for more efficient and profitable business flow. Another important advice would be to visit the National Association of Wholesaler-Distributors’ website (www.naw.org) and learn more about the progression of wholesale distributors’ involvement in the industry. This way you are much more knowledgeable about what wholesale distributors are focused on and there is no discrepancy between both ends. The website also offers many business services that can assist convenience store owners’ in their journey to build the right relationship; such as Cortera Pulse™, which serves to monitor the business’s customers and assist business owners to make meaningful changes as soon as possible.
Conclusively, with a strong sight of your business’s demands and goals, store owners will be able to pinpoint the suitable wholesale distribution company. Keep in mind, this relationship with the wholesale distributor will be the foundation of your business. With that being said, it is imperative that store owners focus on each of the four steps when establishing a partnership.