Wholesale Fruit Retailer Business
Do you ever look at fruit or vegetable wholesalers and wonder how do they function? We probably never sit back and think how lucrative the business can be, what kind of investment would we have to make if we were to start this business. We do not necessarily make the effort to look at the returns offered by this profession in the long run.
A fruit wholesaler/ reseller essentially acts as a middleman between the farmers and the wholesale buyers. From apples, bananas, to watermelon and strawberry, a fruit wholesaler sells all the fruits in demand in bulk. Quite often, these wholesalers tend to sell items like tomatoes, peppers, pumpkin, and avocados, along with other vegetables. Realise whether you will be selling packaged goods or not.
Appropriate Business Knowledge
Like in any other profession or field of work, it is necessary that you have appropriate knowledge about this business. It is one with a lot of potential if tried to be understood properly. Prepare a business plan and calculate how much you are willing to invest in the business. Check the risk and realise whether or not you are willing to take it. See who you are going to buy the fruits from first hand. This means, decide where you plan on getting your share of freshly produced fruits from. If you’re financially stable enough to have more than one chain of the business, go ahead. You could also get yourself some partners. These partners will not only provide you with more capital, but will also ensure that you get higher business and more capital gains.
The next step includes you deciding the location for your business. Decide whether you are going to be a small scale fruit wholesaler/reseller or whether you are going to do this on a larger scale. See if you want to be based in a student dominated area, a residential area, or in an absolutely commercial environment. Do not forget to realise the kind of competition you will be surviving in. Remember to check the storage area along with where you will be opening your store, because wholesale businesses like these require a good area to keep their leftover/ new products in so that they are not wasted.
As aforementioned, this business can be quite financially profitable once you have segmented your markets correctly and have situated yourself in an area where you will not only get brand loyalty, but you also have a Unique Selling Point (USP), that differentiates you from the rest of your competitors. Know your area through and through. Ensure that you have the kind of equipment that you need. In case you do not, ask around, try to find a businessman or two in the same field and know the struggles they put up with. Ask them what were the challenges that they faced when they started off and how did they overcome all of those. Hear them out and clear any doubts that you might have, including how much time did it take for them to stabilise their business.
Once you have a business plan in place, a location to base the business in and enough capital to sustain your survival until your business is stable and running, you can get on with the hiring. Hire the kind of people who are willing to put in extra hours, and see if they have any previous experience with marketing apart from live selling. In present times, it is extremely important that you have the kind of people who are willing to help you market your goods and service. This does not just have to be physical marketing, but also on social media.
Social Media Promotion
You might be asking, a fruit wholesaler on social media? The answer is, why not? The youth of today is actually more self sufficient and aspires to be more independent than the previous generations think it is. In unprecedented times like the one we are living in where every parent is concerned about their child’s survival in another city, putting your business out there and convincing them of the good quality of your products is something that will prove to be beneficial for everyone.
Do not forget to get yourself a business bank account to keep a track of all your business related expenditures.
Once again, realise all the ongoing costs you might occur. From constant supply, equipment, marketing, management and employee salaries to business insurance, prepare yourself for everything.
Let us now have a look at how getting into this business might be advantages for you in the long run and whether this would be a viable passive source of income.
- You will build a network.
- You will brand yourself in the market.
- It might act as security for your future generations.
- If it works out, you can have a chain of fruit wholesale business and that’ll ensure a good amount of income even after retirement.
- You’ll make buying fruits easier and reliable and help the community!
To sum up, carry out a research and figure out what is that you plan on selling, where do you wish to open your shop, whether or not you have enough funds for the same, what are things the market research tells you to be careful about, what kind of staff do you want to hire, and what kind of capital do you need in terms of money as well as other spheres. Do not forget to check out the different ways in which you will be marketing your product and what kind of assistance do you need with it. Know that the key to building a consumer base and having customers’ loyalty lie with you includes keeping the affordability of the products in mind while also being patient with the consumers. Buyers will not want to come back to a rude wholesaler or one that is not as understanding of their customers' interests and opinions. Be open to constructive feedback and do not let it demotivate you.
Most importantly though, you get a fresh supply of fruits for life! Now that you are interested in this, go explore the various opportunities that might be out there waiting for you. Nevertheless, do not forget that no matter what the business, it requires you to be consistent, dedicated, and patient. If the business does in fact start to bring you over 30% profits, you could also expand it by keeping yourself open to the audio of fruit delivery to your locality as well as the ones that are nearby. From thousands to lakhs to crores of Indian rupee, the journey is a difficult one, but also one that is worth your while.
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