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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.
You need to know more about the supplier before you start doing business with them to minimize chances of being disappointed. One of the places you can check is the social media page of the business, if they have one. See what their customers are saying. If they are happy with the business, this is a good sign. If you can get reviews online, talk to other buyers and see if they know anything about the business.
Trade shows are also a good place to meet potential suppliers. There are a couple of trade shows that are held every year. Find out the dates when the shows will be and choose which ones to attend. This can be in your own country or the country where the manufacturers are based. You will get to interact with the suppliers face to face and ask them all the questions that you want.
You need to verify that your suppliers are legitimate before you start doing business with them. Check with the local government agency where they are based to see if the business is licensed and properly registered to run its operations. Also, verify that they have the capability to meet your production needs.
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.
It will be quite helpful if you can get an experienced person to help you. This is someone who has done this kind of business before. They will show you how to negotiate the various challenges posed. This will save you a lot of stress and hassle and it will minimize chances of you losing money to unscrupulous suppliers.
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.
You need to know more about the supplier before you start doing business with them to minimize chances of being disappointed. One of the places you can check is the social media page of the business, if they have one. See what their customers are saying. If they are happy with the business, this is a good sign. If you can get reviews online, talk to other buyers and see if they know anything about the business.
Trade shows are also a good place to meet potential suppliers. There are a couple of trade shows that are held every year. Find out the dates when the shows will be and choose which ones to attend. This can be in your own country or the country where the manufacturers are based. You will get to interact with the suppliers face to face and ask them all the questions that you want.
You need to verify that your suppliers are legitimate before you start doing business with them. Check with the local government agency where they are based to see if the business is licensed and properly registered to run its operations. Also, verify that they have the capability to meet your production needs.
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.
It will be quite helpful if you can get an experienced person to help you. This is someone who has done this kind of business before. They will show you how to negotiate the various challenges posed. This will save you a lot of stress and hassle and it will minimize chances of you losing money to unscrupulous suppliers.
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