For those of us who can’t manage to travel to China to buy our products, how safe is it to send the money to China? How would we recover our money if the worst was to happen?
Do your due diligence and identify a legit supplier. This will significantly reduce risk. Also, engage a third party to conduct a product inspection BEFORE you make final payment and BEFORE your goods ship out from China.
If you are small and don’t have the budget to verify suppliers and engage a third party (for a few 100 USD), to conduct a product inspection, then you are facing a lot of risk and you may be safer not to source from China.
Below are some blog posts and videos designed to offer strategies for safe sourcing.
Video 1: Finding Suppliers
Video 2: Evaluating Suppliers
Video 3: Negotiations
Video 4: Project Management and Quality Control
Video 5: Protecting Your Intellectual Property
Video 6: Leveraging Global Sources
Video 7: How to Find and Manage Partners for Logistics
Video 8: Avoiding Scams
Video 9: Returning Defective Products
Video 10: Resolving a Dispute
Let me know how things work out for you. Hope the ideas above help you!
Question answered by Mike Bellamy, host of “Ask the Experts” at the China Sourcing Information Center.
Mike Bellamy is an Advisory Board Member & Featured Blogger at the not-for-profit China Sourcing Information Center (www.ChinaSourcingInfo.org). He is also the author of, “The Essential Reference Guide to China Sourcing” (chinasourcinginfo.org/book) and founder of PassageMaker Sourcing Solutions (www.PSSchina.com )