Category: <span>Insurance Companies</span>

Four Reasons Partnering with a Food Broker is Good for Business

Whether you’re just beginning to look into introducing a new food or beverage product to the grocery market or have been pitching your own wares to retailers for years, partnering with a food broker could have a dramatic, positive impact on your success.

“What exactly is a food broker?” you ask. Simply put, food brokers are independent sales and marketing agencies that work for food and beverage producers, helping them get their products into retail stores, independent wholesalers, chain grocers, and more.

Unlike distributors, who buy products, mark them up, and then resell them, food brokers usually receive a percentage of product sales as a commission. As such, their earnings depend on their efforts to get your products onto market shelves as well as to attract the attention of shoppers through effective in-store merchandising.

Food Broker

It’s a classic win-win arrangement with many mutual benefits. Consider these four that we think are the biggest reasons partnering with a food broker will be good for any food or beverage manufacturer’s business.

  1. Food Brokers Save Manufacturers Money

Sure, you could hire full-time sales and merchandising staff to help you take a new product to market or expand into new territories. However, doing so requires you to invest cash flow into salaries and benefits for those employees. If you choose to work with a food broker instead, you have all the benefits of keeping sales professionals and merchandisers on staff without the cost.

  1. Food Brokers Save Manufacturers Time

The food and beverage market is enormous—and crowded. Experts expect it to reach a value of nearly $9.4 trillion by 2022. With an ever-increasing number of products available to retailers, manufacturers can spend months or even years trying to secure valuable space on grocery store shelves.

Fortunately, when you work with a food broker, you eliminate the need to develop those relationships on your own. At FreshSource, for example, we’ve already cultivated relationships with major retailers throughout Northern California and the Pacific Northwest. We’d be thrilled to offer you a free product consultation to assess your prospects.

  1. Food Brokers are Market Experts

Over years of working in various markets with numerous vendors, food brokers develop expertise in recognizing which products are likely to sell best in any given location. Instead of seeking out shelf space in dozens of retailers and hoping for the best, manufacturers who partner with food brokers can target their products to specific accounts that are likely to generate the best sales.

Additionally, when you’re ready to expand the sale of your product into new territories or even into the international market, a food broker can supply you with the data and resources you need to avoid issues with compliance and navigate other complexities.

  1. Food Brokers are Planning Experts

Getting your products onto market shelves does not guarantee success, as many now-defunct small food and beverage manufacturers can attest. If you want your business to thrive long-term, you need to envision the future and ensure your sales are growing steadily enough to get you there.

Food brokers are experts at crunching the numbers necessary for these types of calculations. How much are you earning from each of your retail accounts? Your food broker can tell you. How many more accounts do you need to secure to meet your goals? Again, your food broker will know the answer to this and many other vital questions. All you have to do is ask.

Cars, Trucks, And Other Vehicles Insured Easily And Affordably With These Tips

It is important to continually educate yourself about auto insurance. You should have all the pertinent information in order to choose the correct coverage for your needs. These tips should help you become an expert about auto insurance.

Try decreasing your mileage each year to boost the savings on your insurance bill. Most insurance providers will give you a lower rate for driving less.

Inquire with your insurance company before purchasing aftermarket parts for your vehicle. You will want to know what they would cover in the case of a total loss. Insurance frequently does not provide coverage for these parts, only covering the value that is added to the car’s entire value, and that may not be too much.

Many people believe that auto insurance rates go down automatically for young drivers once they reach 25. The truth is that they start to decrease once they reach 18 as long the driver is responsible and drives safely.

What kind of vehicle you buy and drive determines a lot about the size of your insurance premiums. If you want to buy a more expensive vehicle, you are going to end up paying more for your insurance. Choosing a safe and reliable lower end model can really save you some money in the long run.

Before purchasing automobile insurance, get quotes from several companies. The rates are not the same for all insurers. You want to shop around to find the best price, and you should check rates with different providers at least once a year. Do not just pay attention to the price quotes; pay close attention to the levels of coverage as well.

Most auto insurance policies are actually issued on the particular driver who buys the insurance, not the car itself. Many people will let friends drive their car and if the friend gets in a car accident, the insurance will not pay. You can opt for coverage that will allow other people to drive your car, though you will have to pay a little more for that.

Property damage liability is an important thing to have on your auto insurance policy. This type of coverage will cover damage sustained in an accident. The majority of states in the U.S. requires this liability. You can save money if you have coverage on property damage.

Don’t take the first cheap quote you find. Be sure to know everything about your insurance, and the reasons why it is cheap. That is why you need to do proper research and verify the company’s reputation, as well as the terms of the coverage you are buying.

Don’t purchase a separate car for your teenager. The best way to save money is to let them use a car that you already have. This saves you money on insurance because you can just add them to your existing policy. If your teenager is on honor roll, it might be good enough for a discount.

The information presented in this article has, hopefully, increased your knowledge, which can guide you in making more informed decisions regarding vehicle insurance. Research enables you to make better decisions based off of information instead of speculation. These tips can not only help you, but your friends and family!…