In order to get started on an online enterprise, you need 2 important things which are, a new product idea/concept and the product source. If after having your product idea, the next action you would want to carry out is to find the best supplier
. Sourcing for products online from overseas can still appear like an overwhelming task for brand spanking new online entrepreneurs because it has never been much easier finding a manufacturing or wholesaling partner halfway around the globe.
In this post, we will take a look at those steps to be able to effectively and safely source a supplier for your own product idea/concept using typically the popular business directory, Alibaba. You'll be introduced to both the advantages and disadvantages associated with going overseas and as well as show you how to get around this new terrain in order for you to get the perfect supplier for your product idea and get started selling online.
The Advantages & Disadvantages Of Finding Products Source Overseas.
The commonest reason many entrepreneurs look to parts of Asia { China in particular } for product manufacturers is to take benefit of the low manufacturing costs. The costs of manufacturing in Asian countries is mostly lower than that of .North America and other parts of the world and it could have been quite difficult for several businesses to make reasonable profits if it had not been for overseas manufacturing. Less expensive products are great, however they are not the only reason Asia is an attractive destination to find a supplier, there are some other additional benefits as well
Advantages
★ Lower manufacturing costs
★ Smaller businesses are being encouraged because the suppliers can provide smaller (product) quantities.
★ There are many manufacturers to choose from.
★ Asian countries produces varieties of items in quantities.
★ One-stop services like Alibaba have made it very easy to navigate and buy directly from suppliers.
The following are the disadvantages of sourcing from overseas manufacturers:
Disadvantages
★ Products might be of lower quality.
★ Cultural differences in business practices.
★ Product importation and customs clearance fee.
★ Lower production and labor standards.
★ Very little intellectual property protection.
★ Language difference.
★ Difficulty could be faced with verifying manufacturers.
★ Products might take longer time before it reaches buyers' destinations.
★ Lower level of payment security plus recourse.
No comments:
Post a Comment