As your business starts to expand you will need to think about setting up distribution networks. You can expand your business globally without having to employ direct sales people in each country. Having trained people on the ground selling your products overcomes the problems of language barriers, geographical distances/isolation and expensive set up costs.
Finding the right distributor in other countries is a crucial decision and can be a very time consuming task with no guarantee of satisfactory results. When you are entering a new market for the first time it is vital that you get off to a great start by employing the best distributor; one that understands your specific requirements and who will be proactively marketing and selling your product range in view of exploiting the individual market place.
It is extremely important that the life science distributor you choose is completely focused on optimizing the market place on your behalf, as too often many distributors just 'cherry pick' product ranges. Setting up the right distributor plan is also key to motivating them to work for you, this involves the getting the balance just right for retainers or commissions. Picking the wrong distributor will waste a lot of time and money.
When selecting a distributor, the specific requirement of a supplier should be cross referenced with the capabilities of all of the relevant
life science distributors in a given geographical area. This task is made easier if you turn to experienced help,
biotech consulting firms with years of experience can cherry pick the right distributor for you, saving you a lot of time and money.
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