Hi Rodinhooders,
We are a bootstrapped web venture operating in B2B space. After working for nearly 16 years in several Indian and overseas MNCs – I left my job and set-up a b2b portal that will provide business information on buyers, markets etc. to SMEs.
While working in Ranbaxy and multinational management consulting companies – I realized the value of business information service, specially how superior market information helps big corporate capture larger market share. SMEs lack the resources and skill to develop information management facilities in-house and our business model was to leverage this requirement through outsourced business information service.
What looks sexy and smart on paper loses lot of glamour in real life. The travails and tribulations of small business, specially Indian business, is a story by itself. However, coming back to distribution story – I quickly realized acute need of an efficient online system for setting up distribution channels across India. SMEs do not have the financial muscle to open sales offices across India and depend upon agents and distributors to sell in remote areas. However, there is no pan-Indian advertisement channel or online information exchange platform where SMEs meet individuals/businesses seeking agency/ distribution opportunities. Just to give an example – Times of India is published from 41 locations, Hindustan Times from 8, India has over 900 TV channels.
Though distribution is the backbone of Indian market, setting up distribution channel is a formidable challenge. Traditional way of locating agents/ distributors through newspaper ads require considerable cost yet gives no guarantee of success.
The problem is even more acute for overseas companies looking to enter Indian market. Without good distribution support, their market reach is severely limited.
Enters Vanik.Com – an online portal devoted to distribution channel related information that brings all players related to agency / distribution / franchise opportunities on single platform
We first piloted the concept in one of our popular B2B portals and after receiving favourable market feedback – started this new portal. Within a very short time – Vanik.Com has attracted large number of small businesses – both SMEs looking to appoint agents / distributors as well as individuals/businesses seeking agency/distribution opportunities.
Our marketing budget is insignificant – we rely almost entirely on word of mouth publicity. Even then, Vanik.Com is the largest portal today displaying thousands of opportunities
Vanik.Com is FREE – any Indian or overseas business can join Vanik and network with listed companies. For those seeking premium service – there’s paid subscription.
I request you to please visit Vanik.com and help us with your comment/suggestion
Best Regards
Amit K Chattopadhyay
Ace InfoBanc Pvt Ltd
New Delhi
Twitter: @infobanc_com
Linkedin : in.linkedin.com/in/amitdelhi/
asha chaudhry
hey amit,
could you pls add your twitter handle at the end of the post…? helps me while sharing your post over social. thanks!
Amit Kumar Chattopadhyay
Hi Asha,
My Twitter handle @infobanc_com
My Linkedin Profile: in.linkedin.com/in/amitdelhi/
Looking forward to your suggestions
Best Regards
Amit
Alok Rodinhood Kejriwal
This is fantastic
Any successful closures via the site?
Amit Kumar Chattopadhyay
Many thanks Alok for your encouragement. We have received excellent response so far, mainly from healthcare and FMCG sectors.
Vanik.com now accounts for nearly 25% of our revenue.
Looking forward to your advice on how to scale-up
Best Regards
Amit