Together with globalization and advances in international trade technology, businesses today have become truly global. Thanks to the Internet, sourcing opportunities have not been more abundant or varied. Once viewed as the territory of multi-national companies and big businesses, it is now feasible for even the smallest and most inexperienced eBay vendor to look across the globe for the next great product idea.
Choosing The Right Product
The first step to choosing the right product is to decide on whether to source a regular, off-the-shelf item or to customize a product and make it exclusively your own. If you buy standard items that are made constantly by many factories, all you need is to make contact with a few suppliers, get their best quotes and do a fast quality check on the product. If you plan to buy custom-made products, however, ensure that your providers evidently understand your specs and can meet them with the manufacturing resources at their disposal.
Some of the products (both personalized and off-the-shelf) that can be bought through sourcing agencies for attractive prices include stationery products, un-branded electronics, PC and mobile phone accessories, non-designer wear clothing, toys, and fitness equipment and accessories. Steer clear of websites that provide branded electronics, DVD box units or designer clothing, as these are mainly scams targeted at the unwary and inexperienced buyer.
Locating The Dependable Supplier
Dealing with a serious and trustworthy supplier ensures good quality items and can help deflect many potential disputes. When possible, visit China and check out potential manufacturers directly. Nevertheless, first-hand scrutiny is often not practical; in such cases, publications and e-zines on the subject are good places to begin your sourcing research. There are also a number of websites where you can find suppliers.
When you are exploring sourcing opportunities, make sure the business you are evaluating actually exists. Phone the potential supplier before committing yourself to a written contract. A good Internet sourcing-portal will also include contact details such as names, numbers and e-mail addresses which means you can simply get in touch with suppliers with queries and concerns.
Once you are in contact with a potential supplier, evidently condition your requirements with regard to product specifications and order conditions. Make sure to ask intensive questions about the manufacturing process as well as quality control. Ask if the supplier is willing to provide product samples which means you can test them yourself. Otherwise, try to attend a finding fair to test samples cost-free.
When dealing with suppliers through sourcing agencies, the most typical way of payment is the money transfer. In most cases, you will not be able to pay by credit card and it is recommended that you stay away from sites that accept Cash Gram; they are more likely to be phony. Some companies do acknowledge PayPal for regular customers, and if you have a huge enough budget, then it is recommended that you opt for a page of credit.
It does not take your responsibility as supplier to pack your order in compliance with standard practices for shipping, as well as complete all paperwork necessary to ensure that your consignment is ready to leave China. Conversely, it is the buyer’s task to ensure that the packages adhere to all U. S. regulations and safety standards. This includes eradicating the goods through You. S. customs and paying all requisite duties, fees and tariffs.
The right trading partner such as Gafound can help you as you learn the ropes of getting your products through sourcing agencies to where you are. Nevertheless, there are two types of import provisos that you must learn about: Incoterms and the Harmonized Tariff Schedule from the U. S. International Industry Commission. The Harmonized Computer code system is a global classification standard that is applicable specific codes for each and every product that is imported. Typically the U. S. Customs and Border Protection (CBP) dispense it in the usa. Before you purchase a product, it is very important note the tariff rate for bringing the product into the United States.