Category: <span>Insurance Policy</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.

Choosing Life Insurance Can Be Made Easier

Unfortunately, death is an inevitability for everyone. You want to be sure that if the unexpected happens everyone you love is covered, and they don’t have anything else to worry about. This article is filled with valuable life insurance advice.

Get the amount of coverage you need. This also includes assuring that the coverage extends into other areas, such as debts and mortgages that you might leave behind.

Prior to buying a life insurance policy, make certain to do some comparison shopping. One way to save money is to price shop using one of the many insurance comparison websites available online. You might be surprised that some companies are up to 50% more expensive than others. Ensure that every quote you get is based on the knowledge of the existing medical conditions you have.

Skydiving, scuba diving, and bungee jumping can increase the premiums on your life insurance. The fees for your policy can increase significantly if you happen to have a risky occupation such as a firefighter or drag racer.

When choosing a policy for life insurance, keep in mind to determine the coverage for fixed and variable expenses. Life insurance can also pay for funeral expenses or estate taxes, which can cost quite a bit.

There’s no need to buy huge amounts of life insurance coverage in most cases. This can empty your wallet while you are still alive. Choose a policy that covers the expenses of your family for a few years after your death.

Get your life insurance policy through a financial adviser rather than a broker. In most cases, insurance brokers are paid a commission based on the insurance policy you purchase. On the other hand, financial advisers are paid a flat fee. This creates an adviser with more ambition towards honesty and a broker with the higher priority of “making a sale”.

Work out a budget to ensure that you buy enough life insurance coverage. Take the time you need to figure out the right amount to cover your family’s expenses. Try to calculate what your mortgage, property taxes, tuition and retirement funds together are costing you to help decide what coverage you should get. Also make sure you take inflation costs into consideration when doing these calculations.

It is a good idea to investigate the company which underwrites your policy for life insurance. They need to be reputable and large enough to handle any claims. You won’t get that much comfort from a cheaper policy that is actually from a firm that has a bad reputation, and the last thing you want is to feel unsafe about the policy you obtain.

Premiums can vary up to 40 percent between companies. Try comparing quotes online from various insurers, and pick a website that adjust quotes to your own medical history.

As previously noted, passing is an inevitability we all must face. For many people, it happens unexpectedly. If you aren’t prepared, your family is at risk for losing everything once they lose you. The following article will enable you to provide for your family, even in the event of an untimely death.…