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Sourcing Asia Guide For Entrepreneurs-Tips And Tricks To Use

By Kimberly Cox


Asia is one of the best places for entrepreneurs to buy products. This is due to the low prices of the products and the fact that you can get a wide variety of stuff. The manufacturing industry in this region is booming and it will continue to grow for the foreseeable future. Here are some sourcing Asia tips that will help you to effectively and efficiently go about your business and find what you need.

You need to realize that this might not be an easy process, especially if you are not from the area. This is because there are different rules and regulations on how business is done in this area. You need to be tolerant and follow the due process. Do not try and rush through the process, as you could end up with sub standard products. So start the process early, so that you do not feel pressured for time.

You can take your search for a supplier online. See if you can get some useful leads. It is possible to get free leads as some suppliers have an online presence. You can get in touch with them through the contacts on their websites. Also, you can register on some sites, where members are required to pay a fee. You will find lots of suppliers on such sites or forums.

It is important that you check out the reviews of any supplier before you start doing business with them. This will give you a lot of insight, as to whether they are reliable or whether they will disappoint you. Some businesses have social media accounts, so you can check their social media pages to see the reviews left by their clients. You can also ask for reviews from forums that deal with buyers and sellers.

Another platform where you can meet suppliers are trade shows. There are trade shows that are held at different times of the year. You can plan to travel to the country where you want to be getting your products from. Just do your research and find out which days they have shows and attend. Alternatively, see if there are some shows in your country, where trade shows are going to be held. This is a great way of getting in touch with manufacturers.

Confirm that the supplier is legitimate before you get into a business agreement with them. Visit their business premises. Also, check with the local council where are based to see if they are a registered entity. They should also have the capability to meet your needs, especially if you will be placing a large order.

Use safe payment methods, so as to protect yourself. This includes using a letter of credit or an escrow service to process payments. These are safer than using a credit card or bank transfer to send money. Only send money to legitimate suppliers and only if you are sure that they will send the goods as agreed.

Get someone to help you negotiate through this whole process. This is someone who has been in this line of business for a long time. They will show you how to tackle the various problems faced. They will also help you find reliable suppliers at a commission.




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