If you are in the business of buying and reselling stuff, you are always looking for a reliable supplier, who can meet your demands. One of the best places to find things is Asia. Not only are there lots of stuff that you can buy, the prices are pretty reasonable too. This is one of the fastest growing economies, which will continue being an industry leader for a long time to come. Here is some advice for sourcing Asia.
You need to be patient through the whole process. The way business is done in this area is different from the way it is done in the rest of the world. You need to first have a good understanding of the business processes in this area, so that you can effectively work with them. Avoid taking shortcuts to try and make things go faster, as this can end up with you getting poor quality products and getting disappointed.
You can take your search for a supplier online. See if you can get some useful leads. It is possible to get free leads as some suppliers have an online presence. You can get in touch with them through the contacts on their websites. Also, you can register on some sites, where members are required to pay a fee. You will find lots of suppliers on such sites or forums.
See if you can get any feedback from previous customers the business has had. Avoid doing business with any company before you read any reviews about it. Reviews will let you know if the business is reliable or not. Check to see if they are on any social media platform. Peruse through the page to see if anyone has left reviews on the company.
You need to attend trade shows. These can be shows that are held in the country where you live or shows that are held in Asian countries. Find out the dates for the shows and plan to travel there during that time. This is a great way to meet a lot of suppliers and build rapport with them. You will be able to have face to face conversations with them.
Verify that the supplier you are dealing with is genuine. Contact the local county council where the business is based and ask if the business is registered there. You should also know if the company has the capacity to handle the number of orders that you need.
Use a secure payment platform. For instance, you can use an escrow service. You can also use a letter of credit. You can get your money refunded through these platforms in case the supplier doesn't meet their end of their bargain. This is safer than using a credit card or wire transfer to make payment.
Get someone to help you negotiate through this whole process. This is someone who has been in this line of business for a long time. They will show you how to tackle the various problems faced. They will also help you find reliable suppliers at a commission.
You need to be patient through the whole process. The way business is done in this area is different from the way it is done in the rest of the world. You need to first have a good understanding of the business processes in this area, so that you can effectively work with them. Avoid taking shortcuts to try and make things go faster, as this can end up with you getting poor quality products and getting disappointed.
You can take your search for a supplier online. See if you can get some useful leads. It is possible to get free leads as some suppliers have an online presence. You can get in touch with them through the contacts on their websites. Also, you can register on some sites, where members are required to pay a fee. You will find lots of suppliers on such sites or forums.
See if you can get any feedback from previous customers the business has had. Avoid doing business with any company before you read any reviews about it. Reviews will let you know if the business is reliable or not. Check to see if they are on any social media platform. Peruse through the page to see if anyone has left reviews on the company.
You need to attend trade shows. These can be shows that are held in the country where you live or shows that are held in Asian countries. Find out the dates for the shows and plan to travel there during that time. This is a great way to meet a lot of suppliers and build rapport with them. You will be able to have face to face conversations with them.
Verify that the supplier you are dealing with is genuine. Contact the local county council where the business is based and ask if the business is registered there. You should also know if the company has the capacity to handle the number of orders that you need.
Use a secure payment platform. For instance, you can use an escrow service. You can also use a letter of credit. You can get your money refunded through these platforms in case the supplier doesn't meet their end of their bargain. This is safer than using a credit card or wire transfer to make payment.
Get someone to help you negotiate through this whole process. This is someone who has been in this line of business for a long time. They will show you how to tackle the various problems faced. They will also help you find reliable suppliers at a commission.
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