A unique Idea is the key to business success. Import export has always been a profitable and cost effective business form. China being the fastest growing economy has taken the avenue of export completely. The Chinese manufacturers provide the best quality products and services worldwide. It has now become a very authentic and popular business named as China Sourcing. Here we are going to discuss what China Sourcing is and how to utilize it?
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CHINA SOURCING
China sourcing is a service of sale through an agent. Any person who wishes to export or purchase from a Chinese manufacture may contact a local firm or individual to complete all relevant. This procedure of exporting from China through an agent or middleman is known as China Sourcing.
Why China Sourcing?
China sourcing is not the only export sourcing but it surely is the best. China is one of the top ranked countries in the lowest manufacturing cost. So, China sourcing results in the lowest export costs. Forbes reports that “Many people predict that China will be the largest economy in the world in the 21st century and will soon surpass the United States. Although the relative cost of manufacturing in China has risen in recent years, the country is still often the cheapest location for American retailers and manufacturers to source goods or parts.” A number of factors establish the reasons to adopt this as a new business idea. A few advantages of exporting from China are as follows:
• High-quality Furniture
• Economical Labor
• Cheap Capital
• Low Taxes
• Superior Infrastructure
How it Works?
The below given process does not include minor details such as investment, legal documentation, planning, strategy and execution. It is just illustrating the simple structure of china sourcing.
Sourcing Agents’ Expertise
Now another question arises that what specializations these sourcing agents or companies have? It just depends on your area of interest. Just choose your area of interest for example Electronics or Furniture. Now find an agent in that particular field or a sourcing firm with all solutions under one roof. For instance Shenzhen sources products in all industries but are very specialized in Foshan Furniture and electronics.
What makes a good Sourcing Agent?
From a number of sourcing agents it’s difficult to choose whom to select. You cannot go with random choices nor with “hit and trail” method as it involves risk of precious assets. There are some features you should look in your sourcing frim. Some of these features are:
• Logistics
Logistics is the key in any trade and particularly international trade. A company with strong logistics will ensure on time delivery and precise execution of transactions.
• Familiarity
Make sure that your sourcing agent is familiar with the industry you are investing.
• Credentials
Do verify the registration, certification of the subjected firm.
• Language
It is important that you deal with a firm who has expertise in the linguistics to avoid any prospective harm.
China Sourcing is a growing trend and it just needs a little time and effort to find an efficient sourcing firm. For example in the Foshan Furniture market expert Shenzen is leading this area and providing a number of other services as well. Do share your views and experience on China Sourcing.