Article | January 29, 2019

The Importance Of Diversifying A Reseller's Network

Source: EVO Payments
The Full Deal Lifecycle: M&A Network Services

Resellers tend to stay in their particular niche, whether that is the retail industry, hospitality, or others, but expanding and diversifying your portfolio can be simple and financially rewarding. Diversification happens when a business creates a new product or expands into a new market. Here is a list of specific verticals whose similarities can make crossing over a simple task.

Up and Coming Verticals

  • Home Based Services - AC Repair/Painter/Handyman/Etc.
  • Delivery Services - Pizza/Takeout/Etc.
  • Parking and Valets
  • Mobile Food Service/Food Trucks
  • Events/Festivals/Flea Markets

All of the verticals listed above aren’t your traditional brick and mortar stores, but they all have easy ways to accept payments on the go. These mobile solutions also have integral parts of their POS systems such as payment processing, employee scheduling, sales tracking, inventory management, and vehicle management that can be intertwined.