If you are interested in becoming a distributor, consider these new-age distribution business ideas to earn profits while keeping it interesting.
A distribution company is possibly the oldest known form of doing business, and have been done to death. You won’t be breaking any wheel when you start a distribution business.
Imagine a business which dates back to the times where items and goods were bartered across cities and kingdoms, yes that’s how old distribution business is! What new can possibly be there in this industry? Well, think again.
Even in this digital era, the distribution business holds as much relevance as any other modern businesses. While millennials are more inclined towards something new & exciting concept in the business world such as franchising, but the distribution industry, despite being one of the oldest business concepts, is coming forward with new concepts and technological revolution.
New business concepts are increasingly emerging in the market, but distribution still remains one of the most important elements in the business chain as most of the manufactured goods through the distributor before reaching to retailers/consumers.
So, if you are interested in becoming a distributor, consider these new-age distribution business ideas to earn profits while keeping it interesting.
The Indian kitchens have notably evolved over the past few years, for the better and so does the kitchen appliances. Gas stoves have been replaced by hob tops, the simple refrigerator has been replaced by the smart convertible refrigerator and exhaust fans are now replaced by kitchen chimney.
Kitchen chimneys have become an integral part of urban Indian households and are now steadily entering into small cities too. Chimneys are increasing in demand as it sucks up all the fumes, smoke and grime while cooking, and protects the kitchen walls from oil and grease stains. The kitchen chimney market is projected to grow at a CAGR of over 15% by 2023 and will continue to be in demand. Moreover, the sales of kitchen chimneys are executed via a distribution network, thus making it a profitable distribution business to begin with.
Seen in Hollywood movies & series only, dishwashers are a relatively new concept in the Indian market as Indians still prefer using hands to do the dishes. However, the scenario is changing. Owing to changing lifestyle, growing awareness about dishwashers, surging number of working women and nuclear families is further pushing the demand for dishwashers across the country.
Moreover, the growth in organised retail & e-eCommerce is also aiding in the rising demand for dishwashers in India. There is less number of companies offering dishwashers in India and most of them works via distribution channel. Thus, with rising demand, starting a dishwasher distribution business can be a highly lucrative opportunity.
Well, what more can we say about the electric vehicle industry, it’s the most trending industry right now! India is currently heading towards an electrifying future, and electric vehicles will form 7% of the new car sales in India by 2030.
In an endeavour to push for electric mobility, the government has lowered the GST rate on Electric vehicles to 5 per cent from 12 per cent and has made EVs affordable for consumers with additional income -tax deduction. The government has also mandated that all new three-wheelers sold in the country should be fully electric starting from 2023, and two-wheelers below 150 cc engine, from 2025.
This indicates a promising future for the electric vehicle industry in India. Many brands are venturing into this industry to have a share of the profit pie this industry holds, such as Panasonic, Tesla etc. Opting for electric vehicle distribution is a glorious opportunity for you to have a profitable business as it’s high in demand.
You must be living under the rock if you still haven’t heard of artificial intelligence (AR) and Virtual Reality (VR). These new-age technologies have revolutionised every industry, be it retail or education, brands are increasingly turning to these technologies to enhance their consumer experience and make their offerings more interesting.
As per reports, the AR/VR market is expected to grow at a whopping 73.3% CAGR by 2025. Starting a distribution business of AR and VR products will be highly remunerative as Healthcare, life & sciences, education, gaming, entertainment, e-commerce, and retail are fuelling significant demand for AR & VR technology.
Natural beauty products are no longer limited to the unglamorous corner of the stores. They are coming out in the limelight and are rapidly growing in popularity. Organic and natural products are increasingly becoming the choice of the day for most of the beauty enthusiasts.
The organic products market in India will keep growing at a CAGR of 25 per cent by 2020. People have now understood the fact that how detrimental chemical-based products can be for their health. This organic beauty boom is part of the larger recent shift in consumer awareness about health, wellness and the environment. Beauty e-commerce retailer brand, Nykaa has seen a 50% increase in demand for natural beauty products across metros, tier I and II cities in the last year. Witnessing the favourable aspect of the market, many new brands are entering the market with organic products and established brands are rolling out new organic products. With burgeoning demand of organic products among the customers, starting an organic product distribution business will reap you huge benefits.