When a person wants to start his own business and he starts business by associating or partnering with a company and selling the products of that company on his credit, in such a situation it is done in this way. The outgoing business will be called agency business.
We also get various benefits by associating with companies, which we have discussed below. So all of you must read the method mentioned below to get all these information.
What is the function of agency of the company?
The biggest task of any agency is that because of being the customer of the company, small dealers (wholesale dealers) in every city make them the agency of their company by making them distributors. This benefits the company because the customers of the company increase and the sales of the company increase due to the increase in the customers, which makes the company work well. If you adopt the agency of a company, your company’s products are bought and sold to Bharum, from where you buy the customer’s products.
Keep these things in mind before taking agency of any company
If you want to start your business with franchisee then first choose the industry. Then we will take care of the upcoming expenses. For this, he will do a thorough market research that how much profit can be earned by investing how much money in which company in which industry.
Before taking any approach agency take this society do you want to do that business for long time? Are you interested? Is there a demand for that product in your area? What customer base do you have? Are you thinking of taking up an agency, whether in demand for a brand or product quality? What is the deposit amount for getting agency for the product for which I want to get agency?
Many agencies also give targets, are you ready for this challenge?
Sales returns and service are affected after selling the variety, so do you know the rules and regulations?
Ready to invest, man power, marketing, office or shop for agency, setup equipment and other small requirements? Procedure for refund of deposit, return of balance goods and release of inputs free of cost if the agency does not perform the work after taking the agency.
how to get agency of a company
How do you take agency?- To take agency of any company you can contact their local CEO- You can also talk to the holder. How can I get distributorship? -Nowadays you can also apply online for agency of any company, just apply by visiting your company’s site and contact their customer care toll free number. From here you will get complete information related to the agency.
Select the agency as per your business and then apply for the same.
Documents required before taking agency
Shop & Business Registration
GST
company name pan card
Bank account in the name of company and firm
Apart from all this, some other things are also needed, which are as follows: Shop and godown
After taking the agency of any company, warehouse and shop are needed to keep the goods. This warehouse should be near your shop so that the goods can be easily transported from the warehouse to the shop.
how to get an agency
All of you will get two options to take the agency of the company.
By applying online and calling toll free number
Online Application
First of all, you have to go to the official website of the company you want to apply for.
After visiting this website, all of you have to go to its homepage. Now many options will come in front of all of you from where all of you have to click on the option of becoming our partner and move forward. Here you will be asked to fill the form. As you have to fill properly. Along with this, all of you will have to submit by attaching the necessary documents. Now about the payment, after the application is successful you have to make the payment.
by calling the toll free number
On the home page of this website you will get to see the toll free number of the company on which you can call and get all the registration related information and then you can do your registration very easily. The people of the company will also guide you well.
Top Companies Whose Agency You Can Hire
Eicher Tractor Agency
noodles
Maggi
Amul
Vadilal Ice Cream
Siyaram
Mahinda Tractors
What is 3M CAR?
Patanjali Ayurveda
vanilla ice cream.
Apart from all this, you can choose the company of your choice.
How much investment is required to get an agency?
How much investment you will have to make for taking the agency of any company depends on the type of agency you are taking, from where and for which place you are taking the agency. There are many different parts to investing in this, which we can break down on the basis of some points and facts. Eg: Security amount to be given to the company: Whenever we take the agency of a company, we have to give some amount as security to the company, which can be around 1 lakh to 5 lakh or more. Apart from this, the kind of shop and warehouse you take, it also depends on how much you have to invest in it. You may have to invest around 2 lakh to 8 lakh in taking the agency of any company.
loan for agency business
Opening an agency of any company can cost you two to eight lakhs. So if you do not have that much investment amount then you can take a loan. To promote Make in India, the Government of India has issued an order to all the banks that those who are starting a new business should be given easy loans. In this case, you can easily apply for a loan to cover the cost of opening a company agency.
Under the Pradhan Mantri Mudra Yojana scheme run by the Government of India, you can get a loan from any bank at a very low interest rate.
Benefits of Hiring an Agency
Hiring an agency has its advantages for any company. Like: After taking any new agency, the company itself teaches you to do business, then you also get knowledge about business which can be very good for you. If you take agency of a reputed company then you do not need to advertise your agency. Rather people come to you to buy the goods of that company. If you take the agency of a company which is already famous, then you will not have any problem in selling that product and your profits will also increase. After hiring an agency, you get many benefits from the company, which are useful in the promotion of your business.