Starting a distribution business in Philippines is a very lucrative and profitable option for people that wants to be entrepreneurs. In addition to that, the business demands comparatively less capital investment than manufacturing business. Here in this article, we intend to provide top 5 best distribution business ideas and opportunities currently available.
Initiating a wholesale distribution company demands right planning and proper inventory management. Also, selecting the right product is crucial. Generally, the success of a distribution company depends on the local market demand, product promotion, and customer service. In starting this type of business, you must choose a product that has buyers in your territory.
Here are the list:
Apparel & Textile
Apparel and texture is a lucrative segment for the entrepreneurs who are looking for wholesale distribution opportunities. Broadly, the industry caters textiles, thread, sewing supplies, safety clothing, upholstery, readymade garments, footwear, accessories, etc. However, if you want to initiate a business in this segment, you must have specific knowledge about the industry.
Building and Construction Material Distribution Business
Starting a business in this category demands moderate capital investment. Generally, the products under this segment are high-valued. Some of the most lucrative items are cement, TMT rods, sand, stone chips bricks, glazed tiles, paints, etc.
Chemical Distribution Business
Broadly, the chemical industry includes a wide range of products. These are plastic & polymer, natural gas, petrochemicals, inorganic chemicals, surfactant, rubber adhesive etc. And there are plenty of products you can find have good potential for distribution.
Mineral Water Distribution Business
Actually, mineral water distribution is a highly localized business. And the demand for packaged drinking water specifically depends on the quality of the drinking water of that particular area. So, it is important to check the potential first.
This is another a great opportunity is the pharmaceutical industry. In Philippines, medicine distribution is the highly lucrative sector. Apart from medicines, you can also consider different products like personal care, beauty products, nutrient supplements, energy drinks etc.