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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