Money in bank in 24 hours

Apply now

How to expand your trading business

  • Highlights

  • Modernise your order process and focus on customer service

  • Start a B2B sales network and increase your product range

  • Use online order management software & offer fast delivery

  • Finance expansion with a business loan tailored to traders

Traders face several challenges in today’s business environment.Retailers demandmore merchandise and quicker deliverieswhile demanding longer credit periods.Manufacturers want enhanced services andwarehouses that are closer to retail outlets to reduce delivery time. You also have to deal with competition from online marketplaces and superstores who source goods directly from producers. To expand yourtrading business in the face of these challenges,you need additional finances so that you can set up a better distribution system and use technology to streamline operations and delivery. You can do this with a Business Loan for Traders, a customised financial offering from Bajaj Finserv that offer funds up to Rs.30 lakh at nominal interest.
Once you have sufficient finances, consider the followingto grow your trading business.

1. Modernise and streamline the order process:

Eliminate the triplicate order form system or any other manual version from your firm. Enable the sales team to carry digital catalogues with a mobile device so that both your office and the fulfillment centreare alerted the moment an order is placed. The warehouse management software will then confirm the expected delivery date and the system can generatethe invoice and send it to the retailer. By automating these process, you ramp up the speed of processing the order and can see your business’ efficiency increase.

How To Get Small Business Finance From Bajaj Finserv

2. Offer better customer service:

Empower sales representatives to do more than take customers’ order. Share information on previous purchases and sales records with them, so that they can have meaningful discussions with retailers.Reduce the time required to take orders moving from a paper-based system to a real-time management system online.Also ensure that shelves always remain stocked with fast-moving inventory and that yourdeliveries are on time.

3. Start 24X7 B2B online sales with fast delivery:

No doubt sales representatives are an important part of your network,but you can consider increasing sales though B2B E-commerce websites and mobile apps as well. Enable your customers to place orders from wherever they want to and whenever they want to.

4. Extend your product offerings:

Expand your product portfolio by adding complementary products. This will give your customers more variety to choose from and keep them interested in contacting you in the future. It will not only help you to expand your total sales and tap into a new customer base, but also get larger orders from existing customers.
Trading is a capital-intensive business, but can be rewarding when you are able to differentiate yourself from the competition and grow your business efficiently.

Pre-Approved Offer

Please enter your first name
Please enter your last name
Please enter 10 digit mobile number

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

How would you rate this article

 Please let us know why?

What did you dislike?

What did you dislike?

What did you like?

What did you like?

What did you like?

Next up

PRODUCT GUIDANCE

5 Tips to Improve Your Odds of Getting a Small Business Loan