How do I find a sourcing agent in China?

Things to consider when choosing a sourcing agent in China

1. Location of the sourcing agent.
2. Experience of the sourcing agent.
3. Check for references.
4. Get the required documentation.
5. Check how they deal with quality issues.
6. Have the necessary license.
7. Check the language proficiency.
8. Expertise on the product that you want to buy.

How do you sourcing from China?

Sourcing from China

1. Spend time looking for the right supplier. ‍A Google, Bing or Yahoo search is the default option for many people seeking to source products from China.
2. Verify suppliers.
3. Remember that quality is directly proportional to cost.
4. Be clear in communication.
5. Quality control inspections.

What does a sourcing agent do?

A sourcing agent assists a company with the process of locating sources for products and supplies at low prices so the company can save money on production. Sourcing agents may represent a single employer or could run a business that serves a number of companies.

What is an agent in China?

The supplier receives orders from the buying agents and then fulfils the orders themselves. An agent is different from a distributor in that a distributor takes ownership of the goods by buying them and reselling them in China, either to local retailers or consumers directly.

How much does a sourcing agent cost?

The most common forms of compensation a sourcing agent will receive are the following: Flat rate commission: This rate is usually advertised and ranges between 1\% – 10\% of the factory price. They collect this fee when it is time to pay the supplier, and tack it onto their clients invoice.

How do Chinese negotiate with suppliers?

Work for a win-win relationship

1. Prepare data for negotiations.
2. Ask for pricing based on quantity tiers.
3. Make it seem like you are bigger than you are.
4. Ask to purchase an initial test order.
5. Present yourself as their dream buyer.
6. Change suppliers.

Where are most of the factories in China located?

Today Guangdong province hosts an estimated 60,000 factories, which every day produce some $300 million worth of goods and account for about 30 percent of China’s exports and one-third of the world’s production of shoes, textiles and toys.

How are sourcing agents paid in China?

As there is no standard, you may have to pay anywhere between 5\%-10\% of the order cost as sourcing fees. However, the percentage will depend on the size of the order and also the type of product. If your order is bigger, some sourcing agencies may work on as low as 3\% commission.

How do sourcing agents make money?

Another way that a sourcing agent can make money is to find a low-cost, and often low-quality, manufacturer, charge you what quality suppliers would charge, and split the difference with the factory. As an example, most of the bids for a project from good suppliers may result in a competitive price of $10 per part.

How do I get the best price from China?

How to better counter price increases

1. Set a realistic target price.
2. Be clear about your quality requirements before you start negotiating.
3. Price negotiations must be done at the right time.
4. Be ready to walk away at any time.
5. Stay up to date on raw material costs.
6. Accept that the supplier must also make a decent profit.

How do you ask a supplier to lower the price?

Tell the supplier that you want order a very high quantity and get their price. Once you get the price, ask them how much for an amount less then what you want. Then tell them you want this many pieces and you’re getting it cheaper from their competitor. Give a reasonable price that makes sense, and they will beat it.

Why should you hire a Chinese sourcing agent?

For most business importers, China is a Gold Mine. You can find hot products you wanted and make you rich. When people source products from China, but they’re not familiar with Chinese, like the story “Blind men and an elephant”, they will easily get scammed. The best way to get rid of the scam is by hiring a trusted partner Chinese sourcing agent.

Where can I find a purchasing agent in Shenzhen China?

Lazpanda is a good purchasing agent located in Shenzhen, China. If you want to find Shenzhen purchasing agent, you can consider them. They have a young sourcing team to help their clients source different products in China.

What is Jing sourcing and how does it work?

Jing sourcing services include: offers product rebranding with customized graphic designs to its Amazon, eBay, and Shopify sellers. Unlike most inspection companies that would release an inspection report, jing sourcing will negotiate with your supplier and fix any quality issues before your products start to ship.

What is dragondragon sourcing?

Dragon sourcing is a global procurement service provider, with offices in Europe, America, Asia, Africa and the Gulf. It was established in 2004, and this giant sourcing agent has an eye in, packaging, industrial items]