If you want a real life example of how sourcing can make a real difference to your business then take a good look at eBay. What do we mean by this? Simply that eBay operates a market place where anybody can sell or buy products from anywhere in the world for a fraction of their cost. This is why millions of people visit eBay every day looking for something they want. A word of warning though: You will make plenty of sales if you’re prepared to deal with it.
So, if we’re being realistic about this, what do you think the best way to make sales is these days? Well the majority of people seem to be searching for Chinese suppliers rather than the ‘real deal’ – and if we’re honest there’s a reason for that. Selling to China is a huge task, both physically and financially and unless you’ve got very deep pockets (or quite the lean mean bank loan) then buying Chinese goods (particularly for reselling) is a major roadblock to most aspiring online entrepreneurs India manufacturing.
So, what’s the alternative? The best way to get around China and get access to high-quality goods at the best prices is to hire a reputable sourcing company or factory. These are often run by expatriates (some of whom may be Chinese themselves) who know the ins and outs of both China and the international market. They have contacts in both the factories and the suppliers and are able to pass on information and advice to you so that you can make the best possible purchase of goods for your website.
Of course, you don’t need them to help you sell any products at all, but if you want to save time, effort and money on buying and selling China goods, then sourcing companies or factories are a much better idea than you could possibly think. In fact, this is one of the smartest things you could ever do for your business, because it will ensure that you conduct business in the most cost effective manner possible. You can find sourcing companies or factories by doing some research on the internet. You will also find that you can hire them or hire companies or individuals to take care of the sourcing process, which will give you more time to focus on other aspects of your business, such as running your online business and making sure that your website attracts as many visitors as possible.
When deciding which of two options is the best way for you to source products cheaply, it’s important that you consider all aspects of your Chinese supplier. Are they reliable? Are they honest and truthful with you about the costs of the products they sell? Do they come with a money back guarantee, so that if for any reason you’re not completely happy with their service after a period of time, you can get your money back without having to pay out again?
These are just a few questions that you should be asking yourself when looking for the right sourcing companies or factories to work with. It’s also important to ask your factory of choice, as to how they go about choosing their suppliers and making sure that they provide good service. Is the supplier a member of any governing bodies or associations? What kind of quality inspections and reporting do they carry out on their suppliers?