How to choose the right sourcing company

Assessing the Sourcing Company China: 10 things to keep in mind before addressing a Sourcing company from China

 

The Sourcing industry is growing at an exponential rate and that’s not going to stop any time soon. You will be shocked by some of the figures actually related to this domain, including how many jobs are available, the average salary or growth rates. If you want to stay ahead of your competition and grow your business, you might find Sourcing services among the most valuable investments you can make. This guide will help you assess Sourcing companies properly.

-Cost of Sourcing services

How much will it cost me? It’s one of the first questions a potential client asks himself when he/she considers hiring a Sourcing company. Sourcing is, however, an investment that will eventually pay off if you treat it as such.A good Sourcing companies usually charge from 15% to 20% of savings they bring into your business. It’s a great bargain especially when you consider that Sourcing services will help you save money for the long run and increase productivity in no time.

-Know the difference between a Sourcing company and a translation agency

Most people make the mistake of confusing these two terms. This is understandable as most translation agencies offer Sourcing services under one roof. It’s vital, however, to keep in mind that it’s not the same thing. A sourcing company has full control over your project from start to finish; they search for factories or suppliers, find out more about them and negotiate prices with you on behalf of your business (that’s why savings are usually shared). Translation agencies only handle translations (not so much marketing and sales), which means they don’t do anything else than translate documents from English into Chinese or other languages. In both cases, we advise you carefully read through supplier profiles given by the supplier or Sourcing company before deciding whom to hire.

-What kind of products do they specialize in?

Specialization is key when you’re talking about Sourcing companies. If you only have one type of product or service, it’s not always easy to find the right supplier; they may be offering what you need but that doesn’t mean they do it well (in this case we recommend hiring a sourcing agency – not just a freelancer). Make sure your Sourcing company has more than one or two products/services at hand; they should be able to deliver several solutions. This will enable them to offer you a wide range of choices when it comes to production and this will give you the upper hand in negotiations.

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-Experience

This is something very important you have to take into account when choosing a Sourcing company. Sourcing is not an easy process and it takes time to find the right supplier with the best prices for your business, especially when you don’t know anything about Chinese manufacturing processes or international trade. Our Sourcing services are tailored for both new and experienced entrepreneurs who otherwise wouldn’t be comfortable with Sourcing on their own (this is the reason Sourcing services are so popular nowadays – small businesses need help to compete with major companies). Sourcing Company China has a wide range of experience in Sourcing and the Chinese markets. We can also advise you on how to bid for projects, find new suppliers, request a production sample or negotiate prices with your supplier. Once you have an established business, you will no longer need our services and we’ll be glad to offer you our expertise anyway.

-Ask for references

And make sure to check them! Ask your friends, colleagues or any other business owners you know if they have dealt with that company in the past; this way, you’ll get a definite answer about how good their services are. Always ask for references before hiring someone! If you’re dealing with a sourcing company, make sure to ask for references from the clients they already work with. If you hire them without asking for previous job experience/recommendations or check their background information online, there is a high risk that your business will be in jeopardy (a customer could easily blackmail your potential supplier). Being selective from the very beginning might just save you a lot of trouble in the future. Sourcing Company China has a long list of clients working with us from all over the world, and we’re more than glad to share our references with you.

-Communication is key

In Sourcing there’s no room for miscommunication. Sourcing from China can be tricky if the supplier doesn’t fully understand your requirements, especially when it comes to technology related products; Sourcing Company China is fluent in both English and Chinese, which allows us to communicate with your suppliers directly. Sourcing from China must not be a guessing game!

-All Sourcing companies are NOT the same

There are thousands of Sourcing companies around but they all work differently. Make sure Sourcing Company China has an established list of worldwide clients and a solid Sourcing strategy; this way, you’ll be sure to get the Sourcing results you need.

-Knowledge is power

Sourcing from China requires specific knowledge in order for your Sourcing requests to be fulfilled correctly. Sourcing Company China knows exactly what clients want and can easily find the right Sourcing deals for your business. Sourcing Company China has a solid background in Sourcing and an established list of Sourcing clients all over the world; Sourcing from Sourcing Company China will be the Sourcing process you’ve been waiting for.

O.S.M offer both manufacturing products by ourself and sourcing from other company. We have clients all over the world and we are more than happy to share our references with you( Include press realises ). Don’t risk it by hiring someone who may not know what they’re doing; but instead, let us help make your sourcing experience as easy as possible so that when it comes time to produce, manufacture or ship your products – everything goes smoothly without any hiccups in between. To learn more about how Sourcing Company China can work with you on this project, contact us today!

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