A worldwide supply chain might be complicated, but a China sourcing agent is your one point of contact. Whether your organization has never imported from China before or needs large quantities of a certain product, the help of a sourcing company may make your life much simpler.
We previously discussed well-liked ‘made in China’ items, as well as the many sourcing opportunities in China, including pre-existing goods (dropshipping, reselling, white labeling), and making your own product from scratch.
This post will discuss the 05 advantages of dealing with sourcing agent Yiwu, as well as the types of organizations that would profit most from doing so.
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Here are five reasons why you should consider partnering with a Chinese sourcing agent.
When purchasing items from China, you have the option of doing it yourself or delegating the work to a member of your staff. However, there is a great deal to be gained via working together with an expert who is headquartered in the Middle Kingdom.
Reduce costs and improve productivity.
In the business world, time is literally money. There is always the potential to produce more money and provide greater value with it. Take extra special care of it! There is no way around the fact that using the services of a China sourcing agency will not be free of charge. You may get an advantage from their expertise and experience rather than going through the trouble of learning the hard way, saving both time and money in the process. Utilize the existing contacts they have made and their experience in the Yiwu China wholesale market. They can readily visit possible manufacturers or sourcing partners for your requirements since they are based in mainland China and often travel between the key commercial centers. As part of their compensation, real estate brokers are tasked with finding you the greatest bargain possible (commission).
Get your hands on low-priced, high-quality goods.
Your firm, like most Western ones, probably values low pricing and great quality when making purchases. Since they interact with multinational corporations often, sourcing agents have a thorough understanding of their basic needs. They are familiar with the data and organizational framework needed to get a sourcing contract and ensure you are happy with the results.
Take care to avoid misconceptions caused by cultural gaps.
Since many sourcing brokers also understand Chinese, they can communicate and bargain with prospective manufacturers and suppliers without a middleman. This helps to prevent the kinds of cultural and linguistic miscommunication that often arise between the Chinese and the rest of the world.
More crucially, though, a Chinese sourcing agent knows the customs and norms of doing business and negotiating in China. You should be prepared for more obstacles than you would think. Sourcing agents, too, have an excellent command of the English language and can communicate all relevant proposals and product specifics to you in plain English.
Audits and certificate verifications are performed on-site to prevent fraud.
The vast majority of Chinese vendors are trustworthy, and they welcome business with well-known foreign businesses. Yet, like in any profession, there are rotten apples. Performing due diligence is crucial before entering into a business relationship, but it is of utmost importance when conducting business with a new supplier or partner on a distant continent.
The factory may be visited by a local sourcing agent who can then verify their paperwork and audits. Similarly, a sourcing specialist has worked with foreign logistics procedures before and understands what paperwork is normally required at airports and seaports, such as ISO certifications and taxes, and how to properly arrange it so that it is approved without delay.
In many cases, it’s worth it to spend a somewhat higher unit price to deal with a seasoned supplier that is conversant with international standards and has obtained the appropriate certifications.
Limiting potential harm
You’ve done it before, so you know how it is to import toiletries from another country. There is always an element of surprise when buying goods from Asia. There is a high possibility of misunderstanding due to the suppliers’ remote location and the language barrier. Worse worse, some “business people” may intentionally try to defraud others. So, how can you avoid this danger and make sure your partners are who they claim to be and will provide what was promised? In other words, you may get assistance with your due diligence from a reputable organization that has been around for a while, is legally established, and values its reputation. As an additional piece of advice, be sure that the provider you’ve chosen is the genuine manufacturer, and not just a middleman who will forward your purchase to the real manufacturer. If such is the case, you will be informed openly so that you may research the legitimacy of the third-party vendor.