Business Buying China how to?

Source: Dracon International Trade NZ Ltd: https://www.dracon.co.nz/

When it comes to finding products for your business to sell, then it pays to shop around. Price competitive, improved margins, your product price offering to end customers while building your business. China is the end supply chain for your needs. Learn more see link How to Source China link. https://www.dracon.co.nz/china-how-to

Pic: Cranes for Australia with Ricky Kura (Sydney)

When looking to China be smart, throw caution to the wind. 5 FREE tips in sourcing China. See Link https://www.dracon.co.nz/5-sourcing-china-tips

What are my choices

Trade Fairs well few points:

·??????Best suppliers are not present

·??????Most shows are full of agents

·??????Exhausting

Use 3rd Party Agent to prepare Comparative report, whole China industry search report. See why due diligence is important see link in the comments section below.

: Pic Geoff hired Dracon to complete Comparative Report entire China for Hydraulic Press Machiners see our case studies: https://www.dracon.co.nz/case-studies

Typically in April/May and again in November, Canton. Hong Kong hosts the Global Sources Trade Show. Sadly, there are no trade fairs, due to covid is now all online.

Buy From China with local Wholesale Markets While in China, the largest being Yiwu Market, for example, is the largest wholesale market in the world. Due to Covid you may want to hire a local buyer on your behalf.

Find Chinese Suppliers on B2B platforms, either Alibaba. Global Sources (the same people who run the trade show). DH Gate. AliExpress, a division of Alibaba smaller MOQ.

Requesting Samples: Once you've made contact with a potential supplier, either online or at a trade show, you need to email and ask for a sample thus enabling you to validate its quality. You may have to pay for samples for peace of mind. That being said, sometimes the samples are not the actual product in their listings.

Pic: the devils in the details: Australia Aluminium Scaffolding ASNZS

The devils are in the details: have a buying plan, be specific with specs, pics and plans. Watch out for large minimum order quantities (MOQ) every vendor have their MOQ. Best way is ask for their MOQ.

Negotiate Payment Terms, minimum deposit, final payment, inspection during production, and final count, quality check and load container.

Audits: look for 3rd Party Audit on your preferred supplier, at Dracon International Trade NZ Ltd, our role is to assist buyers to ensure what you pay for is what you get. See our service value link https://www.dracon.co.nz/service-value.

Pic: Dr Lance medical devices in Shenzhen.

Prepare for Shipping Ocean shipping is normal, currently we are seeing 3-5x increased shipping costs, and this may sway your business decision to buy China.

Things to Watch Out For If all of this sounds easy, bear in mind that there are some pitfalls to watch out for. Dracon International Trade NZ Ltd is based in China, our team profile: see our team link https://www.dracon.co.nz/contact-team.

Pic; Our China team are professionals for major commercial projects

Our successful case studies: see link https://www.dracon.co.nz/case-studies.

Like any culture, the language barrier can be difficult so ensure that you are crystal clear. Ask, clarify and reiterate all of your points and make sure there's a written record of everything you've agreed. Have a buying plan and stick to it, alternatively you may want to contact Dracon International Trade NZ Ltd, we are based in Guangzhou China.

It's hard to control quality when the supplier is based overseas. If it's a large order, hire a third-party inspection company to inspect the quality of the product. For your quality assurance check before the product leaves the factory (and the payment leaves your bank account).

Watch for scammers. Not everyone has honest intentions in the online marketplaces and if a deal sounds too good to be true, it probably is.

For ongoing updates on our project check the links in the comments section

China how to source: https://www.dracon.co.nz/china-how-to

5 Free sourcing tips: https://www.dracon.co.nz/5-sourcing-china-tips

Due diligence Important why? https://www.dracon.co.nz/duediligence

Our Service Value: https://www.dracon.co.nz/service-value

Our Team: https://www.dracon.co.nz/contact-team

Successful Case Studies: https://www.dracon.co.nz/case-studies

Sign up to our newsletter: https://www.dracon.co.nz/

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