Procure Products from China

If you’re like most people, you probably don’t want to be bothered with the process of going to China and finding suppliers. After all, why go through all that trouble when there are already several products in your local market that you can just as easily get? One thing you might not realize though is that it’s actually much cheaper to purchase products from Chinese suppliers than it is to purchase them locally. Here are 7 reasons why you need help in procuring products from China.

1) First, Understand the Industry

As a business owner, understanding your industry is essential in helping you procure products. You should not only understand what companies offer in terms of your product but also who they are and what makes them unique. The more you understand about your competitors, the better you will be able to maintain sustainable growth and compete with other businesses. In addition, by knowing where your competitors place their focus (i.e., R&D or Manufacturing), it can help inform your approach as well. If they have lower production costs than you do, perhaps outsourcing some of your manufacturing needs is necessary in order for you to stay competitive with prices that are within range for customers while keeping profit margins high enough to ensure viability and profitability down the road.

2) Set Realistic Goals

If you’re looking to procure products at competitive prices with the help of procurement consulting firms, it helps to have a realistic idea of what they’ll cost. Chinese suppliers will provide estimates based on various factors (materials, labor, time, and so on), but these are just that: estimates. In some cases, suppliers may need as much as two months or more to produce certain products, which means you should expect production delays along with price variations. These estimates also don’t account for unforeseen problems that can occur when dealing with foreign companies—problems that can add significant costs to your project.

3) Do Your Research

The best way to ensure a smooth operation is to do your research. It’s important that you understand all of your options and it’s just as important that you know what each option entails. For example, in terms of cost, there is no doubt that shipping products overseas via air freight or sea freight costs more than ground shipment. But if time is of the essence, then by using one of these faster modes of transportation, you can minimize downtime and maximize productivity. Doing your research will also ensure you’re getting good-quality items at great prices. If time and money aren’t issues, however, then you might want to consider buying locally.

4) Choose an Export Partner Wisely

Choose a China sourcing company that has been recommended by others or ask your peers on LinkedIn for their experience with various Chinese suppliers. It can be difficult and time-consuming to deal with a company whose website is in Chinese and that only communicates via email, but if you get stuck, try using Google Translate. You can also opt for a sourcing agent that specializes in building relationships with top suppliers. An experienced agent knows how to work with foreign clients and make sure your product is being handled properly along its journey from the factory floor to dock. Even if you want to save money by doing all of your communication via email, it’s important that you meet up with your supplier face-to-face at least once or twice during production.

5) Seek Professional Help

Many companies in your area can help you produce prototypes, find manufacturers, and ship your product. In some cases, like those of shipping, you might not even need to go through them; a freight company or third-party logistics provider might be able to help you. You should absolutely speak with a professional if you have questions about intellectual property rights or don’t know where to begin negotiating shipping rates. However, if you are just looking for someone who can walk you through producing prototypes and finding manufacturing partners for your products overseas, it might be a good idea to seek out an intermediary. Consulting firms that specialize in importing will typically offer their services on a flat fee basis instead of charging a percentage of whatever sales you generate as is more common with brokers.

6) Use Third-Party Services

A third-party sourcing service can be a great way to help you outsource purchasing, especially if you don’t have any experience with international business. You’ll find that there are many companies offering services and assistance for importing and exporting, so it’s important that you find one that fits your needs perfectly. Third-party services can help with everything from making sure you fill out all of your forms correctly, to procuring products on time, eliminating language barriers between Chinese suppliers, and ensuring a quality product. Look for companies that focus on your specific industry or product type; if you are a food manufacturer, for example, finding a company that works with restaurants would be a much better fit than one working with clothing companies.

7) Stay Motivated

One of the most important things you can do as a business owner stay motivated. It’s easy to become frustrated with setbacks and difficulties when managing a company, but if you let those frustrations get in your way, it’s likely that your business will not succeed. Instead of letting setbacks and obstacles get you down, try finding ways to keep yourself motivated. Start by keeping a journal or a log that outlines all of your achievements thus far; if you look back on what you have accomplished, it will be easier for you to stay focused on moving forward.

By Adam

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