If you wish to import products from China, specifically Yiwu city, in order to sell them on Amazon, you need to work with a sourcing agency. Why? Since you are likely located in a different country and are unable to go to China on your own, using the services of a local agent can greatly improve your chances of finding the finest possible supplier for your top-selling product.
A reliable and trustworthy sourcing agency may be found by keeping a few factors in mind. This book provides a complete resource for the topic at hand. In the Chinese market of Yiwu, for instance, how much does it cost to engage a sourcing agency, and what characteristics should you look for in a sourcing agent? When it comes to protecting you, we’ve got your back! There is also a handy seven-item checklist. Ready? At this point, we are prepared to go.
Services and Sourcing Agents: What’s the Difference?
Find suppliers (i.e., manufacturers) of the products you want to sell. Your sourcing agent will help you find the most suitable provider and ensure that they can meet all of your requirements. Among the many things that a professional Yiwu agent do for their clients are:
Market research, supplier selection, price negotiations, pre-shipment inspections, customs clearance, and a plethora of other services are all within reach. A sourcing agent has the advantages of being in close proximity to a potential source, speaking the same language as the provider, and being familiar with local legislation.
China is a popular sourcing location because of the low costs at which most goods can be produced there. China dominates international markets and is the largest producer of many different types of manufactured goods. There’s a good chance you may find a Chinese manufacturer willing to make a product to your requirements.
This blog post is about finding a sourcing agent in China because of the abundance of Chinese sourcing specialists.
To What Extent Should You Use a Sourcing Agent in China?
- Take the following case while looking for a Yiwu buying agent as an illustration:
- You’ve thought of a product you’d want to sell, and now you’re trying to decide on the best way to get it to market.
- You provide an idea for a new service or product to the China sourcing agent, who then listens to it.
- A specialist in sourcing will identify between five and ten suppliers who meet your needs in terms of pricing, services offered, timeliness of delivery, and morality (working conditions, factory safety etc).
- The sourcing firm provides a directory of possible vendors.
- A third party sourcing firm acts as a matchmaker between suppliers and customers. In this way, the sourcing agent facilitates smoother interactions between you and the service provider.
- What you want, both in terms of functionality and technical details, is what you get.
In China, You Can Find Many Different Forms of Sourcing Agents
Person Serving as Sole Source:
The role of the China purchasing agent is one of several that may be done independently. Due to the low volume of consumers they serve, they are better able to develop a personal relationship with you. There are advantages to working alone, but there are also disadvantages.
Because you will be dependent on their work, it will be difficult to learn anything about them before you begin collaborating with them. Consequently, their influence may be less widespread than that of more established sourcing firms.
A firm that employs a significant number of people who have expertise in the area of product sourcing is known as a sourcing agency. It’s possible that there will be one devoted to home furnishings, another to cosmetics, and still another to electronic devices.
Because these sourcing organizations have access to extensive supplier networks and a large pool of human resources, they are able to match your specific product needs with a seasoned sorcerer.
On the other hand, the rate that is charged by a sourcing agency is often higher than the rate that is charged by an individual sourcing agent.
Logistics and Supply Chain Management:
In this area, we group together all of the suppliers who, in addition to their other services, also provide sourcing. Not only do they manage shipments and deliveries, but they also have the capability of conducting quality control checks.
Working with a business that provides comprehensive sourcing and logistical services is the most costly option. Tasks like locating a source and transferring a product to Amazon’s warehouse are examples of activities that cannot be subcontracted by smaller businesses, but larger corporations may be able to do so.
Because there would be fewer external providers, there will be improved communication inside the company. However, increasing your risk since you will have less control over your supply chain is the result of outsourcing all of your logistics to a single company.