How to source Product trough online Sourcing?

Product Sourcing

-Offline sourcing

-Online sourcing

Offline sourcing

- Trade shows / expo/ events

ADVANTAGES

• Meet reliable suppliers• See actual product• On the spot negotiation

DISADVANTAGES

• Expensive (Hotels, Flight ticket etc)• Large Minimum order Quantity• Language Barrier

Online sourcing

-Sourcing website ex. Alibaba & Aliexpress

Alibaba.com (www.alibaba.com) is a business to business website provides a business trading platform for buyers and suppliers to exchange business information.

Most of the members on Alibaba.com are manufacturers or trading companies or resellers who trade in large quantity order.

Supplier Account Website

Supplier show room

AliExpress (www.aliexpress.com) is a wholesale marketplace from Alibaba.com offering quality products at factory prices. You can order as low as 1 item and pay safely using their secure escrow service.

Payment is only released to the supplier after you confirm delivery.

Sending them a messageChat them trough trademanager

How to connect with the suppliers

What is TradeManager?

TradeManager is Alibaba.com's Instant Messenger tool. With TradeManager you can:

Chat with buyers and suppliers in real time

When buying or paying trough alibaba or aliexpress.

Escrow

Alibaba.com Escrow Service protects both buyers and suppliers in international trade. It works by placing payment in the control of Escrow, powered by Alibaba.com. When both buyer and supplier verify that the transaction has been completed, then the money is release

Draft order

Other payment methods

-Bank transfer or T/T Telegraphic transfer-Paypal -Western union

TIPS: Have your own/personal courier agent

Alibaba. / Aliexpress

-Supplier PricingProduct + AirfreightS hipment = Total price of the product

“They always use airfreight”

“If you have your own courier agent they only give you the price of the product”

Ask the supplier to deduct the shipping cost to the price

1) Air freight

Airfreight cost per weight or measurement (Total Weight or measurement of your orders)+custom taxes = Total shipment cost

2) Sea freight

Sea freight cost per weight/measurement ( Total weight or measurement of your orders) +custom taxes = Total shipment cost

Other options

3) -Loose cargo ( All in package)

Cbm cost per measurement / weight of the product (total weight orMesurement) = Total shipping cost

How to Source Products from Overseas

1) Choose a product.

2) Find a supplier.

3) Choose the Right Supplier - Do a research - request product samples