Electronics and Electricals Distribution: A Path to Electrifying Success

To be a part of the Electrical & Electronics industry one requires training, equipment, licensing, a sound business plan, and a planned marketing strategy. Formal education in the electrical department and prior training are a must-have. Some states also require testing before a license is issued.

If we talk about starting an electrical business, then it is like setting up and following procedures similar to other businesses – you may begin your own electrical business or purchase a for start-up assistance, you can buy an electrical contractor franchise business expertise and company branding or you can become a distributor too and enjoy heavy returns on the invested amount.

What Does It Include?

This elevating industry includes products such as cables, capacitors, alternators, circuit breakers, connectors, displays, fuses, control equipment, generators, isolators, lighting equipment, switches, relays, sensors, switches, semiconductors, circuit boards, power electronics components, isolators, and meters.

The Growing Electrical Equipment Industry

The instantaneous sales of electronic goods have pushed the industry to the top. The consumer electronics industry in India has made rapid strides with the introduction of advanced technology and digital revolution. Many new players and various innovations over the last few years have made the industry a bright one.

“The Indian electrical equipment industry has shown some revival in the first half of the current fiscal, after a negative growth of 7.8% in production in 2012-13. Domestic demand, coupled with an increase in exports, has managed to keep the industry afloat. The industry needs to build a robust export portfolio so that it can optimally utilize its built-up capacity which is currently under-utilised across all sub-sectors,” said IEEMA president Raj Eswaran. However, segments like conductors, low-voltage switchgear, and rotating machines have further declined in the second quarter of 2013-14.

Joining the Consumer Durable Industry is a business opportunity, one should not miss because:

One of the largest growing industries in the world.
Electronic gadgets are becoming popular among youth.
Top selling category on E-commerce websites.
The market is expected to reach an estimated US $1,210 billion in 2017 with a CAGR of 5.4% over the next five years.
The consumer electronics industry is consolidated as the top 10 players contribute approximately 52% of the total market size.
Brazil, China, India, Mexico, and South Africa are the top 5 emerging markets in the Consumer Electronics Industry.
In Fiscal 2015, the consumer durable market is expected to reach a CAGR of 14.8 percent to US$ 12.5 billion.
According to the report “Indian Consumer Electronics Market Outlook 2015”, the Indian consumer electronics market is expected to grow at a CAGR of more than 17% during 2015.
As per the study, tablets and Smartphones are the top-selling product segment. These will be in demand and foreseeing innovations on a rapid basis which are a part of the manufacturer’s strategy to capitalize on the big consumer base.

How To Become An Electrical Products Distributor?

Let’s discuss the distributorship opportunity in the electrical industry. A distributor is the 3rd entity in a supply chain. This supply chain begins with the makers of raw materials that a manufacturer purchases to build a product. The distributor delivers the manufacturer’s product to the merchant or retailer.

Also Read: High-quality Electronics & Electrical Supplies for Distribution

To become an electrical distributor, it helps to have a background in warehousing or supply chain management.

Read the steps to join the electrical appliances business as a distributor:

Contact Manufacturers

Contact and introduce yourself to electrical parts manufacturers. Contact various manufacturers and ask them to send you a new distributor packet or application.

Write Out A Business Plan

Write a business plan. Distributors need a warehouse and transportation vehicles such as commercial box trucks or semi-tractor trailers. Hire a certified public accountant to make a business plan with your input. They will calculate an estimate of start-up costs.

Apply For Financing

If you are less of a finance amount, search lenders in your locality. Take your business plan to the lender and apply for a business loan.

Sign Distribution Agreement

Return the completed distributorship application to the manufacturers and wait to get approval. Then you can receive the manufacturer’s products and ship products to retailers.

Planning To Join the Productive Consumer Electronics Industry?

Business Magnates from the Consumer Electronics Industry are looking for partners through GetDistributors.com. Become or appoint Distributors, franchisees, or Sales Agents for consumer electronics goods. Register Today on the given links:

For Consumer Electronics Distributorship, Register here:

For more related information, feel free to call on our helpline no.: 08037304045

Email id: helpdesk@getdistributors.com