We love what we do here at Flex Technologies. And we are proud of the quality of our silicone products, which are subject to both regulations of ISO 9001:2008, TS-16949, as well as strict internal company standards. Our products are extremely important to the day to day running of machines many industries depend on. For all you entrepreneurs out there, we do offer distributor options that you can utilize. If you are interested in becoming a distributor, feel free to reach out to us here. In the meantime, here are some tips for becoming a distributor.
Understand the Manufacturer
First thing is first, you should never put yourself behind a business you don't fully believe in. You should never enter a distributor agreement without doing due diligence on the company and products you will be distributing. Make sure you have spoken with company officials, people who have used the product, and trust your best instinct. Here at Flex Technologies, we have been in the silicone product manufacturing business since 2003. We are a trusted international OEM supplier, and would be happy to discuss our distributor options with you.
Know the Market
Besides the company you are doing business with, you also need to understand the market to determine if your distributor venture will be a success. Many companies will make this easy by offering information from their other distributors, but you should always do market research on your own as well. In regards to our silicone hoses and tubes, they are necessary for a wide range of industries, meaning that even if one takes a dive you will still have plenty of potential customers to pull from.
Understand the Terms
Never, ever enter a contract without fully understanding the terms. Sure, we all live in the age of "online agreements", where it is not in any way feasible to read each agreement every time. But in the world of business, this isn't acceptable. Make sure the agreement is fair to both parties, and that there is some form of opt out clause if either party decides to leave the agreement.
Make Use of Training Programs
Depending on the industry, you may need technical training in order to become a distributor. Most manufacturers will at the very least have materials for you to study about their product, or hold somewhat regular distributor/dealer meetings to keep everyone up to date. Do not squander this valuable resource, as in this situation a rising tide lifts all boats.
Scout the Competition
Business can be, well, a cutthroat business. Even if you have a great product and people who need it, you can still be undercut by competition. Your manufacturer's competitors will likely have distributors of their own, whose successes you can emulate and whose failures you can build upon. Once you understand their price point and any value added services, it becomes much easier to undercut the competition.
Hopefully you found these tips on becoming a distributor useful. If you are interested in our distributor options here at Flex Technologies, feel free to reach out to us at your earliest convenience. There is plenty of opportunity that awaits. For more information about our products or services, please do not hesitate to give us a call. One of our friendly and knowledgeable representatives will be happy to answer any questions that you may have.