I’m thinking about setting up a small production line in USA, I think I found a supplier in China who will sell me the piece of equipment I need. Any suggestions? BTW, I like your newsletter.
I have two suggestions:
One: Regardless if you are buying 1 unit or 100 units, you should still do your research and due diligence to make sure the seller is legit and can provide the product you want. Small volume buyers are more likely to fall victims to scams. If they cheat you out of 1000 USD, you are unlikely to spend another 2000 USD on a lawyer. Scam artists know that.
Two: When buying a few units or less of equipment, it’s real important to make sure a) the product works before it ships b) the export documentation is in order so the stuff arrives without drama.
If you are thinking about setting up a production line back home, perhaps you should also consider the China based “factory in a factory” model explained here.
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Question answered by Mike Bellamy.
Advisory Board Member & Featured Blogger at the not-for-profit China Sourcing Information Center (www.ChinaSourcingInfo.org). Author of “The Essential Reference Guide to China Sourcing” and founder of PassageMaker Sourcing Solutions.