Your small beverage business is running successfully, and your profit is growing. You feel it is time to take the next steps to grow your business, reach a wider audience, and increase the amount of distribution. You need to do this carefully so you don’t lose all of the brilliant work you have done so far. Read on to find out more about how you can grow your beverage business.
- Make sure to cut costs and boost your savings as much as possible. To free up cash flow, you can use Bonded Warehouse Management Software whilst storing your products in a bonded warehouse. These warehouses are duty free and ensure customs reporting compliance which is essential in the beverage industry. The last thing you need whilst growing your business is poor cash flow and problems with customs so this is a must. Visit Gainasoftware.com to find out more.
- Network as much as you can by attending networking events, and any food and beverage events. Let everyone you know that you are looking to expand your business and ask them to refer you to any distributors they know.
- Contact distributors directly and tell them your success story. Make it seem like they need you rather than you needing them. Make sure to contact distributors that don’t already have lots of beverages that are of a similar type to yours.
- Lastly, you can offer deals to current buyers that get them to subscribe to your business’ email list and give them an incentive to recommend your drinks products to their friends.