12 Examples of Business Intermediaries?
A business intermediary is someone who helps companies connect with consumers and sell their products and services in various industries. You may wonder what they do and how they influence the market, or you may want to pursue a career as one. In this article, we will explore the role of a business intermediary, the situations where you need one and some common examples of business intermediaries. Who is an Intermediary in Business Business intermediaries are professionals. They help buyers and sellers of goods or services. In summary, they are middlemen who connect supply and demand. They also provide value-added services. These include market research, negotiation, financing, distribution and quality control. They work in many industries. For example, real estate, manufacturing, retail, finance and technology. Some business intermediaries are brokers, agents, wholesalers, distributors, franchisors, consultants and online platforms. When do you need a business intermediary? Business intermediaries are needed when a company wants to avoid direct contact with customers. However, they help products reach consumers for manufacturing companies. Sometimes, business intermediaries own or buy the product they sell. So, this allows companies to make a profit before the final sale. Smaller manufacturers and companies unfamiliar with the consumer side can benefit from this. Examples of business intermediaries Business intermediaries are common in the consumer industry. Most brands and companies use them. Here are some examples of professionals and types of companies: 1. Independent Sales Representative 2. Real estate agent/brokers 3. Entertainment agents 4. Literary agents 5. Investment bankers 6. Car salespeople 7. Grocery stores 8. Department stores 9. Shopping malls 10. Thrift stores 11. Online selling platforms 12. Food wholesalers