Monday, 16 April 2012

China - Electronic Goods Workshop Of The World

China has rapidly become known as the world’s largest manufacturer of consumer electronics. Currently China produces more MP3 and 4 players, digital video cameras, digital photographic cameras, DVD and other video players, a vast array of electronic gadgets, and an extremely wide array of other high tech products, than can be found being produced in any other country in the world today.

Indeed, it wouldn't be going too far to call China the "New Workshop of the World", a role once filled by the UK during the industrial revolution, and now being successfully filled by China in it's modernisation and technological revolution.

To that end there should be a question on the lips of every business person operating in any field which necessitates the need to purchase and sell any of the above listed product types.

What is that question?

It is this: How can I successfully and safely source these products from China to benefit my business by lower costs, and simultaneously increasing my profits?

If you haven't asked yourself this question, then you are seriously missing out on a great opportunity.

Never The Leader, Always The Follower

China currently produces products of which you are seriously unaware, and which others will lead into Western markets in the future, due in large part to their foresight, and your failure to participate in the search for new products for your market.

You, along with the vast majority of SMEs, will have the unenviable task of jumping on another bandwagon, and playing catch-up.

Get ahead of the competition, and stop riding on other peoples' coat tails.

What has happened to the world of sales in the past 30 years?

Honestly, it's like everybody simply waits for a new occurrence in the market, and then jumps on it, rides it till they've ridden it to death, and then sit on their hands and wait for the next trend to come along.

Wimps!

There seem to be very few gutsy people in sales today. However, those there are, those who start the trends, are the ones who profit most, whilst the rest of you come and pick and fight over the scraps.

Get a grip people!

Use your brain, and a sourcing agent, and find yourself the next hottest thing to hit the market, before it hits the market!

Product sourcing agents in China speak English, and very often are native English speakers who've been living and working in China for a number of years, such as myself, and we can help you find what you need. Having us look for you costs nothing. When you choose to order you'll find the same standard of service you're used to at home in Europe or the US.

But What About Shipping?

And? What about it? UPS and DHL can handle all the logistics of bringing your goods to your door. Open a company account with them, give the account number to your agent, your agent passes it on to the supplier, the supplier contacts the courier, the courier arrives and picks up the goods, and you pay the shipping costs.

Of course, if you're ordering in volume, then we can assist you in finding a suitable shipping company (air or sea) to handle your goods for you.

That's it. Done and dusted!

What about MOQs?

What about them? Yes, there is often a minimum order quantity, but many companies have brought down their MOQs to levels that are very acceptable for SMEs; particularly in the fields of electronic goods – many as low as 20 pieces or even less.

What About Payment?

Well, I certainly don't advocate the use of PayPal or Western Union, as these are the tools of the devil (scammers).

No, you can use a Letter of Credit (L/C), or a TT; the former will be agreed to by any good business of sound standing, whilst the latter may be used only after having the company visited, and having due diligence performed on them, to ensure that they're actually who they say they are.

Of course, the obvious point is never to pay money into a personal account when dealing with a manufacturing business. That's just silly.

As your relationship with your agent and suppliers develops, you can rest easy and know that you are in the hands of people whose business relies heavily on your goodwill and peace of mind.

Now, stop sitting on your hands like a baby, and get out there and source the market for something new and innovative, and which will allow you to start a trend, set a fashion, break a market, and lead the way to wider profits and renown for yourself and your company.

Trade Safely!

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