Can you advise me on my business plan to start a distribution company?
I want to start a distribution company. I would start this on a small scale as I have just passed graduation and don't have enough capital for rolling right now. I have a business plan which I would like to share below and I hope you'll share your valuable opinion in return.
My target audience are industries. I would go for small items like general items, cleaning items, soaps, washing powder, mop, office products, pens, pads, stapler, paper clips, inks, etc. I have a couple of friends working as a purchasing officer and I had spoken with them about this idea. I would buy these items from the wholesale market and sell it to the industry.
My questions are:
Q1. What can I do to make this idea more profitable?
Q2. Where and how can I find the products in the market at competitive rates?
Q3. How can I compete with other distributors?
Q4. How can I contact the purchasing officer?
Q5. How can I attract more companies, meaning, how can I get orders from other companies?
Q5. What are the factors I should keep in mind while I start my business (I am a newbie)?
Q6. Can you tell me any more gaps you find?
Your advice would be very helpful to me.
God bless you. Thanks.