If you will put up a distribution or retailer store, it is important that you carefully select the products you will have in your business. Since your business will depend on the products you will sell in your business, asking yourself a few questions would be helpful. Here are the three most important things you need to consider.
Choose products that are marketable. No entrepreneur wants his money to be idle in his store. Choose the products that are easy to sell. This should be the very first step you need to consider.
Do you want to monopolize or join the supply of a product that has a high demand? It would be an advantage to understand the supply and demand to determine whether a certain product is a good choice or not.
Which brands do you want to have? There are several products and several brands too. Some people are brand conscious; so it would be better to consider which brands can give you more sales. Do you want to provide the cheapest brands or those that already have an established name in the market? Do you want to introduce a new brand which you believe is a good alternative to expensive brands of same quality?