• Elksourcing:Is It Possible to Buy High Quality Products at Low Price?

    Many businessmen believe “you get what you pay for”, thus, they cannot buy high quality products at low price. In most cases, it is true. However, if you work hard and use some tactics, it is possible to pay relatively less and get more, as at end of the day, we live in the market economy.  1) Compare between multiple suppliers Compare several suppliers and their products. Within the supposition of getting equal quality, prioritize those merchants with low prices. But judge the quality of the product. Compare the quality and price of several suppliers and buy from the one offering fewer priced with quality goods. 2) Compare price on B2B platforms There are several famous B2B websites in China, like Alibaba, Made-in-China, Global Sources and etc. These platforms are packed with a large number of product suppliers, whose products are labeled with the approximate price range. You can understand roughly the…

  • Elksourcing:Do It Yourself or Hire an Agent for China Sourcing?

    When it comes to sourcing products from another nation, you can either choose to do it yourself or work with a global sourcing agent. Even though a number of small business owners opt to handle the sourcing requirements themselves, it is a bit of a hassle. If you are sourcing from China, there is the added difficulty of learning the local language. Do you have so much of time and resources to spare? If not, the best solution would be to collaborate with a professional sourcing agent. 1). Local representation of your company Sourcing agents will act as the local representatives of your organization in the country or region from where you want to source products. Since these agents have in-depth local expertise and experience, they can fetch you the best deals. Since a majority of sourcing companies have offices in foreign countries, they can assist you in maintaining a good relationship…

  • Elksourcing:How to Choose a Good Sourcing Company?

    Sourcing in China is proven more and more a trend, however, for new importers, it’s usually daunting to source direct from China. B2B websites like Alibaba is convenient, however, according to an article, over 75% companies shown on Alibaba are either traders or traders who disguise themselves as factories. Also, there are many shady companies or even some scammers, as there is almost no filtering system, or the filtering system is too easy to bypass. So, after having some lessons, more and more importers learned that it’s very important to hire a good sourcing company to find the direct manufacturer and manage the whole sourcing and quality control process. How to choose a good sourcing company? 1). Look at the reputation The reputation of a sourcing company is the number one thing that needs to be kept in mind. Make sure that the organization has a list of prominent clients. If the company has…

  • Elksourcing:5 Things to Consider when Selecting a Buying Agent

    When you start to import from China, to make sure you find the good suppliers, work through the process, and assure product quality, you need to find a buying agent to help you. But it is not easy. Here are 5 things you should keep in mind when selecting a buying agent: 1. Trust is everything I think you would agree with me that to work with an agent, trust is important. I would rather use a reliable and trustworthy but mediocre agent than someone who is capable but not reliable. Ideally, you need someone who is both competent and reliable. How can you tell if your buying agent in China is trustworthy? In many cases, first impressions can misguide you. You can do some online research to see if there are any comments and feedback about them. Give them some trial tasks to gauge their performance. You can generally…

  • Elksourcing:Focus on 10 Points to Minimize China Sourcing Issues

    Sourcing from China can be a good way to improve your business, but it certainly is not easy. There are countless scenarios where a supplier can end up disappointing a buyer, many of which I have experienced first-hand. So, I’ve put together 10 points on how to minimize sourcing issues and guide your China sourcing endeavors. 1) Market Analysis – Purchase negotiation is not just a simple task and often requires thorough analysis of the supplying market. This type of market analysis does not only include cost data collection, previous project experience, price variance, and product quality, but also includes the analysis of the material market and macro-economic situations. By analyzing the market in this manner, you can help place yourself in a better position to learn and take advantage of the entire purchasing life cycle and to minimize sourcing issues. 2) Supplier Competition – This can be the buyers’ trump card. Sending…

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