Transcript
How to source Product trough online Sourcing?
Product Sourcing
-Offline sourcing
-Online sourcing
Offline sourcing
- Trade shows / expo/ events
ADVANTAGES
• Meet reliable suppliers• See actual product• On the spot negotiation
DISADVANTAGES
• Expensive (Hotels, Flight ticket etc)• Large Minimum order Quantity• Language Barrier
Online sourcing
-Sourcing website ex. Alibaba & Aliexpress
Alibaba.com (www.alibaba.com) is a business to business website provides a business trading platform for buyers and suppliers to exchange business information.
Most of the members on Alibaba.com are manufacturers or trading companies or resellers who trade in large quantity order.
Supplier Account Website
Supplier show room
AliExpress (www.aliexpress.com) is a wholesale marketplace from Alibaba.com offering quality products at factory prices. You can order as low as 1 item and pay safely using their secure escrow service.
Payment is only released to the supplier after you confirm delivery.
Sending them a messageChat them trough trademanager
How to connect with the suppliers
What is TradeManager?
TradeManager is Alibaba.com's Instant Messenger tool. With TradeManager you can:
Chat with buyers and suppliers in real time
When buying or paying trough alibaba or aliexpress.
Escrow
Alibaba.com Escrow Service protects both buyers and suppliers in international trade. It works by placing payment in the control of Escrow, powered by Alibaba.com. When both buyer and supplier verify that the transaction has been completed, then the money is release
Draft order
Other payment methods
-Bank transfer or T/T Telegraphic transfer-Paypal -Western union
TIPS: Have your own/personal courier agent
Alibaba. / Aliexpress
-Supplier PricingProduct + AirfreightS hipment = Total price of the product
“They always use airfreight”
“If you have your own courier agent they only give you the price of the product”
Ask the supplier to deduct the shipping cost to the price
1) Air freight
Airfreight cost per weight or measurement (Total Weight or measurement of your orders)+custom taxes = Total shipment cost
2) Sea freight
Sea freight cost per weight/measurement ( Total weight or measurement of your orders) +custom taxes = Total shipment cost
Other options
3) -Loose cargo ( All in package)
Cbm cost per measurement / weight of the product (total weight orMesurement) = Total shipping cost
How to Source Products from Overseas
1) Choose a product.
2) Find a supplier.
3) Choose the Right Supplier - Do a research - request product samples
top related