Imagine you are buying a house. How will you approach? You will first find any available properties. Then you will contact the number given and proceed. Most of the time, we see a broker or a middle man involved. He or she is responsible for making the deal.
Globalization has redefined the way we do business. There is a seamless movement of raw materials and products between countries. Businesses - small and big equally benefit immensely from these transactions. It provides an open market for procuring multiple raw materials/products at competitive prices.
If you are planning on starting a retail business, you need to research two things: your prospective customers and your wholesale suppliers. Most retailers buy products from wholesalers such as an Alibaba Sourcing agent and do not manufacture them.
There can be no denying that China is currently home to the most exciting and innovative manufacturing opportunities in the world. By marrying the latest technologies and the most dedicated workforce, China's balance of cutting-edge technology and a dedicated labour force can see your vision of producing high quality, affordable products become a reality.
Global products sourcing offers a cost advantage that domestic outsourcing cannot match. Since 2009, China has been the world's largest exporter, building economic relationships with developed industrial economies as well as developing countries.
China became the world's factory in the early 2000s, attracting western buyers with tax exemptions and pre-built industrial zones. Unparalleled industrial supply chain integration and logistical capabilities solidified the country's image as the leading exporter in the world.
Many third-party companies have come up to help sellers in the west navigate Chinese business culture and partner with reliable factories that produce in bulk at low costs. If Shenzhen is in your sights, then a Shenzhen sourcing agent is your best bet to begin a successful sourcing relationship in China.
A good pricing strategy is the pre-cursor to initiating negotiations with a China supplier online. What all have you considered while setting a price for your product? How much can you pay the supplier and make a healthy margin?
Cross-cultural communication recognizes similarities and differences in cultures to engage effectively. Buyers in the west and suppliers in China understand this all too well, and make an effort to build a mutual understanding of one another's needs.