- Hi all,
I am finally in business with my niche sports device. A friend and I created the whole device from scratch in 18 months and now have product to ship, a clean website, ecommerce. It's great to be finally here!
We planned to market on forums and social media as people in the sport gather in the same places and are fanatical about their gear. But I've gotten a bunch of emails from people wanting to be distributors and need help understanding how distributor relationships work.
The distributors want to market my product through their established specialty websites/shops (most likely for a % cut of the product cost), but how does that work in practice?
Some of my initial thoughts are:
- Do distributors pay upfront for the product?
- Is it cash on sale?
- Exclusivity?
- Minimum order/minimum sales agreements to remain a distributor?
- Are there standard contract for these agreements (Legalzoom etc)
- Should I get pro help before entering into any arrangements
Been searching the web on this but not finding answers...
Thanks,
Medic.
I am finally in business with my niche sports device. A friend and I created the whole device from scratch in 18 months and now have product to ship, a clean website, ecommerce. It's great to be finally here!
We planned to market on forums and social media as people in the sport gather in the same places and are fanatical about their gear. But I've gotten a bunch of emails from people wanting to be distributors and need help understanding how distributor relationships work.
The distributors want to market my product through their established specialty websites/shops (most likely for a % cut of the product cost), but how does that work in practice?
Some of my initial thoughts are:
- Do distributors pay upfront for the product?
- Is it cash on sale?
- Exclusivity?
- Minimum order/minimum sales agreements to remain a distributor?
- Are there standard contract for these agreements (Legalzoom etc)
- Should I get pro help before entering into any arrangements
Been searching the web on this but not finding answers...
Thanks,
Medic.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
