goWholesale

Thinking About Sourcing Products From Overseas

Contributed by John Kovanski

Posted on May 22, 2007

Such a tremendous growth in manufacturing and production in China has been heavily influenced by the rapid development of major industrial centres and cities, such as Beijing and Shanghai. Many traders believe that to make a quick dollar all you have to do is go to China and find the manufacturers of a well-known designer brands, asking them to produce an extra run for you. While this may be a good approach, you have to be very careful of which suppliers you are dealing with. There is also a so-called 'dark side of the moon'. You may find it extremely difficult to find a genuine manufacturer of some of the highly respected designer brands, such as Lacoste, Ralph Lauren, Louis Vuitton, Prada, etc... There are more than thousands of 'underground' manufacturers throughout China and South East Asia that make illegal, counterfeited and fake versions of these products. While these products may be of a very good quality, in fact they are far away from the stringiest standards and procedures the original brands have in place.

If you happen to have bought a small or large lot of these goods - it is more than likely they will be stopped at customs border with full investigation being launched against you and the manufacturer. The fashion designer brands are now treating the matters of non-genuine articles very seriously. Because counterfeited products costs a lot of money, jobs and resources to the original manufacturer. You may even end up standing in court or pay a hefty fine. Surely, you don' want to get yourself into legal trouble...

Research your market. If you do not do a proper research you are likely to loose the money and time you have invested getting the products imported into your own country. You need to do a thorough research both online and offline to identify which products have higher saleability and which ones are not. Sometimes you don't have to invest a fortune! What counts is finding highly convertible products that are now in demand.

So, where do you find good, wholesale Chinese suppliers? Usually reliable Chinese suppliers advertise in online directories and monthly catalogues. One of the largest, global online directories that I have come across has genuine, proven Chinese suppliers that can offer excellent products at reduced prices. These products have been proven to be selling well on online auctions as well as through stores.

The database of the Global Directory is updated every single day. Spend some time and see how the following directory can make your sales go further.

John Kovanski.

Maximizing on Internet Home-Based Small Business Solutions:
http://www.profit-k.com
Article Source: EzineArticles.com

Product Sourcing

How to Cope with Seasonal Product Demand

Posted on April 4, 2008

The old adage says 'variety is the spice of life' - but if you are in business, you know that variety in customer purchasing patterns can be an extremely stressful issue to deal with. Some seasons will see a trend to fewer purchases - other months, everything you have on the shelves will be selling. While you can't change your customers' buying patterns or convince them to buy what they don't want, you can use a little logic, research and planning to try and get a better picture of when they are going to want things, what they may want and then prepare accordingly.  Read More »

How to Track Market Tends in Order to Spot New Products Early

Posted on April 4, 2008

Whether you own a brick-and-mortar store or a website, continuously finding new and interesting products is crucial for any store's success. With so much competition it the retail arena, it's important that product sourcing is thought of as ongoing process, rather than something that is done just a couple times a year. Staying on top of industry trends and the newest products requires time and effort but, as a bonus, it can be fun too!   Read More »

Tips for Renegotiating Prices and Terms With Your Suppliers

Posted on March 27, 2008

Most business owners just accept their vendors' prices, payment terms, shipping terms, etc. as is, without ever questioning them or trying to renegotiate better terms. But the truth is, as a buyer, you have the leverage to get better pricing and terms - and it's all just a phone call away. Here's how.  Read More »

View All Articles in Product Sourcing

Wholesale Forums

Join the Wholesale Forums today and discuss a range of business topics with the wholesale buyer community.

Not a Forums Member?

Sign Up Today!

Current Forums Member?

Login Here

Wholesale Alerts

Receive FREE Product Sourcing and Small Business Information Straight to Your Inbox

Sign Up Today »