• Elksourcing:5 Basic Steps for Sourcing from China

    Elksourcing:5 Basic Steps for Sourcing from China

    Sourcing From China is more and more popular for online sellers, however, it’s daunting many new importers. Below are 5 basic steps I have learned from my 20-year experience in sourcing industry: 1. Conducts an initial research This is the first stage where you decide what your primary activities are, what are the needs of your clients and who your competitors are. These steps help you to determine your business goals and your position in the market. You and your sourcing partner need to design a business plan to determine the performance measurement system and primary work strategy. 2. Evaluate supplier and market Your sourcing partner, which offers global sourcing service helps you to make a supplier selection benchmark. When you have the list of criteria, you can make further changes in the sourcing strategy and determine the final cost. Given the fact that you already have information regarding clients and prospective markets,…

  • Elksourcing:How to Get Quality Goods from China?

    Elksourcing:How to Get Quality Goods from China?

    For China sourcing, it’s crucial to receive what you order, according to specification and on the time agreed upon. In order to get quality goods from Chinese suppliers, you will need to consider below 3 main areas: 1)   Select the right supplier; 2)   Manage quality control system; 3)   Put in place the right inspection plan. 1. Select the right supplier I like to summarize the importance of supplier selection in three sentences. You will NEVER get quality from a supplier that is not properly equipped to make it. Suppliers need to have the right equipment, skills and experience. You will OCCASIONALLY get quality from a supplier with the right equipment and skills but with poor processes in places. You will get INCREASING quality from a good supplier with equipment, skills and processes and which is also willing to cooperate with you for continuous improvements. 2. Manage quality control system  When an inspector rejects a…

  • Elksourcing:Step to Step Guidance to Importing Products from China

    Elksourcing:Step to Step Guidance to Importing Products from China

    Whether you need hardgoods, electronics, machinery or home appliances, virtually anything can be found in the world’s leading producer, China which presently acts as the “world’s factory”.  However, for the newcomers, it can be a difficult task. In order to buy products from china, there are five basic steps to follow. Following these basic step-by-step procedures will not only save your money but will also save your time. 1. Identify your rights. Various countries have different regulatory policies. These regulations could be meant to reduce imports of certain products into the country. Sometimes they may serve to fight against smuggling and such activities. Heavy tax policies induced by the government on the customs may also affect how you are going to import the product to your country. It is, therefore, vital to check whether you have the legal rights to import certain goods with not only ease but also without incurring…

  • Elksourcing:Best Way to Start Sourcing Products from China

    Elksourcing:Best Way to Start Sourcing Products from China

    Sourcing your products from China becomes a key challenge, as China can be difficult to navigate, especially for new importers. Mistakes in the early stages of importing can drastically impact the future potential of your business. The best way to mitigate the risks of improper procurement is working with a sourcing agent. What are the options for procurement, and why is a sourcing agent your strongest opportunity for growth? There are four major options for procurement: direct purchasing, commissioned agent, trader, and sourcing agent. 1. Direct Purchasing Purchasing direct from a manufacturer means that you handle all interactions with the supplier yourself. You find the supplier, choose the products, negotiate price, draw up contracts, handle claims and disagreements, perform quality inspections, build relationships, request samples, and more. A number of new sellers mistakenly think this is the best avenue because they can maintain full control of their supply and aren’t charged…

  • Elksourcing:How to Communicate with Potential Suppliers?

    Elksourcing:How to Communicate with Potential Suppliers?

    If properly managed, sourcing from China can bring good profits, however, it’s crucial to work with good suppliers, or the whole business could be a disaster. This is a tricky process. In this article, we will advise you how to identify and communicate with potential suppliers. 1. Drawing your ideal supplier profile Ask yourself a few questions: Do you need a supplier with strong engineering capabilities (to develop new products)? Do you need them to have a wide range of designs that you can choose from? Do you want them to focus on low cost? Or on high quality? How big should they be? This is a very important criterion. If your orders are not big enough (over 20K pcs per order), you might need to work with a sourcing company that will place your orders in a medium sized factory and follow production closely. 2. Go to online B2B directories and/or trade…

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