Learn How one Scammer Made Off with a Ton of Money + Tips for Effective PO’s + Why the Supplier won’t Accept the L/C - CSIC

OCTOBER 2014 Sourcing Newsletter

In this month’s newsletter we take an insider’s look at how to get support drafting Purchase Orders + Advanced Sourcing Tutorials now have their own YouTube channel. Do you know where your underwear came from? You can learn a lot about the import-export business by tracing their journey from cotton field to factory to consumer! Full article linked below. As always, we conclude the newsletter with an update on the latest scams targeting international buyers. Learn how one scammer made off with over a million USD.

Wishing you safe sourcing! Mike Bellamy – Based in Asia since 1993

Volunteer at the not-for-profit China Sourcing Information Center .Author of “The Essential Reference Guide to China Sourcing” (now also available on Amazon).

Founder, Owner & Retired CEO of PassageMaker Sourcing Solutions.

Resources for Large & Professional Buyers

Sponsored by PassageMaker Sourcing Solutions, a boutique sourcing agency helping buyers in the 2 to 20 million dollar range to find & manage suppliers, protect intellectual property, control costs & ensure quality.How to draft a PO template that works! Our library of advanced sourcing tutorials has moved to our YouTube channel. Click here for access.

Issues Facing New or Small Buyers

Sponsored by China Sourcing Service Center, the most comprehensive platform for sourcing services in China.

Book Review: Where Underpants Come From?
Why won’t my supplier accept a letter of credit?

Need help? Follow this link to get introduced to our list of endorsed service providers. Services offered include sourcing, QC, legal support, dispute resolution, due diligence, engineering, company formation, logistics and much more.

Legal Issues

Sponsored by www.AsiaBridgeLaw.com, an English speaking law firm in South China servicing international clients.

I want to order some items from China with my team logo on it, is that illegal? Read more about problems importing licensed products here.

Blacklisted Suppliers – Beware of Scammers! – Read the Scams of the Month!

Sponsored by Supplier Blacklist – The user generated, international blacklist of bad suppliers!

This supplier scams 100K from an Australian buyer then turns around and plucks ten times that from a Russian buyer’s pocket!
This factory’s product looks real on the outside but is full of counterfeit electronics on the inside. Click the links to read the full story!

Have you been let you down? Go here to expose the scam or under-performing suppliers!

New Resource: Affordable Freelance Sourcing Advisors

Q&A – How much does it cost to hire a China-based westerner as a freelance advisor?

Posted in Another China Blog, Blogs and tagged agent, consultant, contracts, freelancer, newsletter, PO, scams, Sourcing

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