Businesses that are likely to averse to the risk as well as don’t possess a considerable amount of capital, sourcing a small number of goods from China at the initial stage could prove to be an excellent strategy. Since it has joined the World Trade Organization in the year 2001, China’s economic relationship, bilateral trade, import/export, and sourcing all have undergone substantial changes. China’s prospective membership in the World Trade Organization (WTO) is of enormous potential consequence both for China and the international trading system.
Unlike other countries, China is a tough place for foreigners to do business. It will take a relatively long time for you to identify the right manufacturing company, negotiating a deal, doing the quality check, and shipping the product to your own country. The entire process is not only lengthy but also highly complicated.
Chinese business culture is unlike it is anywhere else in the world and to thrive in this market, foreign companies need to have an understanding of major practical challenges they will have to face if they want to succeed here. On the other hand, if you select a reputed Chinese sourcing agent, you can easily avoid all these complications and get your products delivered in your hometown.
Responsibilities of Chinese sourcing agents
- Sourcing agents may represent a single employer or could run a business that serves a number of firms.
- Pay typically occurs on a commission basis, where the sourcing agent makes a percentage of the order’s value.
- The work can require knowledge of multiple languages as well as good business sense and coordination skills.
- A sourcing agent helps to import goods in an easy way, including factory assessment, screening, order fulfillment, product testing, inspection, and shipment, etc.
Sourcing agents in China can speak the local language. They can communicate on your behalf with the suppliers to provide you with the best products. Most of the Chinese cities have become the leading manufacturers in the world.
As an importer, your first prerogative should be to consider the quantitative as well as the qualitative factors of the product your sourcing from China. One of the massive issues you’ll run into when importing from China is undoubtedly the quality. Although the made-in-China products are no longer considered inferior, but still you need to pay attention of standard of the items their quantity before shipping them to your country so that you get the full value of your money.