What is the prospect of representing an imported protein powder? What are the precautions?
I've been considering representing an imported protein powder recently. I'd like to ask everyone how it is to represent an imported protein powder? Is the market prospect good? What are the things that need special attention during the representation process? I haven't done this kind of representation before, so I hope friends with experience can tell me about it. Give me some suggestions from aspects such as market demand, profit margin to representation process and risks, so that I can have a clear idea and see if it's worth investing in this representation.
Professional consultant answers
Sarah ZhangYears of service:8Customer Rating:5.0
Document expertConsult
Representing an imported protein powder has both opportunities and challenges. From the perspective of market demand, with the improvement of health awareness, the number of people who exercise and take care of their health is increasing, and the demand for protein powder is growing, so the market prospect is relatively broad. In terms of profit margin, if the imported protein powder brand has characteristics and quality, the profit is good, but the competition will also compress some of the space.
In the representation process, first of all, it is necessary to find a reliable supplier, such as Zhongshitong, to ensure that the products are regular and qualified. Then negotiate the cooperation terms, including price, supply quantity, return and exchange of goods, etc. Promotion is also crucial. You can use social media and fitness platforms online, and cooperate with gyms and health institutions offline.
The risks lie in that imported products are affected by policies and exchange rates. It is necessary to pay attention to the changes in regulations and exchange rate fluctuations. Meanwhile, the market competition is fierce, and it is necessary to have unique selling points and marketing strategies. Overall, with good research and planning, there is a chance of achieving success in this field.
Elizabeth LiYears of service:3Customer Rating:5.0
Compliance and risk managerConsult
Pay attention to the product quality inspection report to ensure that it complies with domestic standards. Otherwise, it will be troublesome if it is inspected. Also, understand the brand awareness. It is difficult to promote if the brand is not well-known.
David LiYears of service:6Customer Rating:5.0
Senior customs declaration consultantConsult
Logistics and transportation are very important. Protein powder is afraid of moisture and pressure. Improper transportation will affect the quality. Find a reliable logistics company, and it is best to have transportation guarantee.
Andrew HuangYears of service:7Customer Rating:5.0
Supply chain optimization expertConsult
It is necessary to study the target customer group. For example, fitness enthusiasts prefer products with high protein content. Select the represented products according to the demand.
Amanda YangYears of service:3Customer Rating:5.0
Cost control consultantConsult
Pay attention to the shelf life. The import transportation time is long. Don't get the products with more than half of the shelf life passed, which will affect the sales.
James LiuYears of service:10Customer Rating:5.0
Foreign trade tax refund consultantConsult
Understand the after-sales service. If consumers have questions or product problems, they must be properly solved. Otherwise, it will affect the reputation.
Joseph ZhouYears of service:10Customer Rating:5.0
Senior foreign trade managerConsult
The cost of market promotion should be planned in advance. Otherwise, if the promotion expenses are overspent, the profit will be less.
Jennifer WangYears of service:4Customer Rating:5.0
Market development consultantConsult
Communicate well with the supplier about the replenishment cycle. Don't run out of stock when the products are selling well, which will affect the income and reputation.
William YangYears of service:5Customer Rating:5.0
International logistics consultantConsult
Pay attention to the changes in tariff policies, which may significantly affect the cost and profit margin.