Monday, November 13, 2017

Important Things You Should Know About Business in China

Greetings to All Blog Readers,

Meet - Kai (China sourcing agent based in Shenzhen).

He is also the founder of Company China SourceLink which provides sourcing, translation, logistics, and business solutions to those who are interested in doing their business in China.

China Registry or China Company Registry is known as the process of incorporating your business in China, to form a legal entity so you can start doing business in China.

Join Their Team at Facebook | Twitter | Google Plus | LinkedIn | Instagram

One of the most convenient methods of running a business efficiently is the use of a sourcing agent. In fact, there are many companies all over the world that rely on this type of agent. This is because hiring them can provide a lot of advantages to you and your business. Now, continue reading for more information.

One of the best advantages of hiring this type of agent is the fact that it can lower the company's expenses since the products are bought from low cost nations, including China, India, and Vietnam. An agent takes different roles and responsibilities. He or she must visit the factory in order to make sure that your company is getting the best possible quality, terms, and price. A reliable agent must be able to negotiate with the factory to get the best terms and price. He or she must be able to handle any details that might occur at the factory. A good sourcing agent is someone who knows the importance of project management. Also, it is his or her responsibility to visit and check the facilities at the factory and ensure they have the required certification to operate.

Currently, China is head and shoulders above the most prominent world economic players including the Unites States and Germany. Its economy has seemingly emerged unscathed in the recent world economic melt down although most European economies are not out of the woods yet. Analysts have indicated that the Chinese middle class are willing to spend more thanks to the increase in amount of their disposable income. The demand for goods and services from foreign countries has therefore gone up.

One thing that distinguishes a Chinese business person with those from other parts of the world is the close connection between their culture and business. Their business etiquette borrows heavily from their age old traditions. Learning their culture and respecting it is a sure of increasing the trust between you and your Chinese business partner.

Make the other person lose face. This is a cardinal sin. Keeping Face or Gei MianZi - Letting the other keep face (giving due respect) is a very important concept in China. You must show the other person appropriate respect according to rank and seniority. For example, if you are buying gifts for an initial business contact, make sure you buy better gifts for the senior managers instead of buying similar gifts for everyone. To shout at a Chinese person in public, to reprimand them in front of their peers or to raise one's voice when exasperated will cause both parties to lose face. Remember always to refuse invitations if you have to indirectly. It is impolite to refuse invitation directly.

Never hand out your business card or receive the other person's card carelessly or with one hand. When giving out name cards or brochures, make sure you start with the most senior person before moving down the line. When giving out a name card or receiving one, ensure that you are stretching out with both hands with the card. Remember to face the card you are giving out so that the receiving party gets it facing him/her correctly and can read at a glance.

Tuesday, November 7, 2017

Best Things You Should Know About Sourcing Agent

Hello Blog Readers,

Before I start my discussions on this TOPIC, Let me Introduce - Kai who started to work as an independent China Sourcing Agent and interpreter in Shenzhen few years ago.

He also founder of China SourceLink [China Trading Company]. Their main part of service is sourcing and logistics service. They help you to identify the qualified wholesalers, manufacturers, and factories for targeted merchandise with a desire price.

Moreover, they will be able to find the right factories or R&D engineering teams for prototyping or original design manufacturing(ODM).

I already JOINED THEIR TEAM at Facebook | Twitter | Instagram | Google Plus

If you are planning to purchase goods overseas for a bricks-and-mortar or online business, it might benefit to use the services of the sourcing agent. The sourcing agent can act as a trusted middleman who makes it easier to invest in stock that hasn't been seen in person, as well as to help with business manufacturing. Here are five of the benefits of outsourcing aspects of quality control:

There is a saying that businesses are built based on morality and reliability. So, make sure that the sourcing agent you choose has a high level of reliability and morality. They should not have a record of cheating their clients. In other words, you may want to look for an agent who is honest.

The agent should behave well and try his level best to protect the interests of buyers. Some agents ask for commissions from the buyer as well as the seller, which is not a good practice. So, you may want to be careful. If you want to be on the safe side, we suggest that you work with a sourcing company.

An excellent sourcing agent should spare no efforts in tirelessly searching and talking to the optional suppliers instead of stopping the efforts too early before finding out the best choices. Careful research should be carried out on the official registration details, business type, year of establishment, production capacity, engineering capability and technical standards to ensure the required products can be made with ideal standard and quality. Additionally, once a supplier is chosen by the buyer, a good sourcing agent should take the time to go to the factory in person to check the assembly lines, warehouse, quality control standards, etc and provide the latest information and analysis to the buyer with photos, meeting minutes, written reports for the client's evaluation and decision-making.

Being a sourcing agent, the professional should be able to deal with international issues, such as certificate issues, quota issues, tax issues, anti-dumping issues, just to name a few. For instance, if you want to export beef, you will have to ensure that your product has a label and rating from the target country. The target country may reject your product it is not labeled properly. This is true especially if you are going to export your beef to a Muslim country.

An agent who is a pioneer in the business would be able to tap multiple sources and bring in numerous quotations from various organizations across the nations to choose from and thereby offer excellent quality of services. However, one needs to be careful not to blindly trust the sourcing agents as they might be referring a particular organization with which they might possibly have tie-ups and work for their personal benefits.

In the first place, sourcing agents or representatives usually work in a smaller team or simply work alone, while trading companies work in bigger offices with multiple departments. The result is the expenditures burdened by the latter are much heavier. However, a bigger reason is the conflict of interests between the trader and the buyer, the trader will never share the manufacturer's information (contact, original price) with the buyers for fear that the buyer could skip the trader and deal directly with the original supplier, in all cases, the trader strikes a deal with the buyers at a hidden and highest margin, while the sourcing agent works for the buyer at a clear-set service fees. Coupled with the expense factor, the price the buyer could get from a trader is much higher than the fees he needs to pay a sourcing agent.