Sourcing and Manufacturing Your Products Abroad
As a small business owner, an important element to creating and sustaining a successful business is a constant and reliable source of quality products. The key question of course is where to find these suppliers and manufacturers. based manufacturers as well.
The book focuses mostly on the SMEs (small and medium enterprises). As a result, many of the book tips, strategies and even case illustrations are instantly relatable to small or home based business owners.
Some of the tips the book provides include:
Build your business model. Before you even begin to start looking for suppliers, get your business ready mulberry bags . Determine if there a market and demand for your products. Understand how you are going to move your goods. If this is for a n mulberry bags ew product, consider creating a prototype to make it easier for your potential partners to see how you envision and want your product to look and function.
Make sure that you are dealing with a real company. Take steps to verify that the companies you want to deal with actually exists. Box) and search online. Call even if you have to do it in the middle of the night to check if a real, live person actually answers the call during their office hours.
Work directly with the manufacturer to lower costs, not trading companies, distributors and other middlemen. Perform due diligence carefully to make sure that the company is indeed the manufacturer.
Be sensitive to cultural differences. Learn the business etiquette and cultural mores of the country you are planning to work with. Avoid using slang in your language when communicating with the foreign companies.
Set criteria for your products. proof from manufacturers of safe working environment, high standards of environmental responsibility, absense of child labor, etc.
Beware of frauds and potential scams. More importantly, use common sense. Be skeptical when the company offers you unbelieveable bargains (Hermes bags for $60!) . Run away from those who insists on getting paid only through Western Union or wire transfers to their personal, not business, bank accounts.
Factors to Consider While Selecting Your Outsourcing Vendor
Right mulberry bags Shore: An Effective Way of Outsourcing
How to Find International Manufacturers
Where to Find Suppliers for Your Business
How Great is Your Product?
How to Find Suppliers for Your Business
How to Get Your Products to the Market: Dealing with Buyers
sensitive to cultural differences. Learn the business etiquette and cultural mores of t mulberry bags he country you are planning to work with. Avoid using slang in your language when communicating with the foreign companies. is one of the most crucial aspects in my opinion and actually, one of the most overlooked. Alibaba is a fantastic resource, just because it opens up so many international opportunities but it really pays you to look into the culture of the country you dealing with. You not expected to be able to write a thesis on it but just knowing a little goes a long, long way. I know that from experience.