As the world economy continues to grow, more and more businesses are outsourcing their production in order to take advantage of the many perks that come with overseas production, including low labour costs and cheaper shipping costs.
However, importing products from another country into your own can be tricky business; if you don’t know what you’re doing, you could end up paying hefty fees, getting stuck with products that aren’t up to snuff or even end up dealing with counterfeit products and trademark violations. That’s why it’s a good idea to hire an amazon sourcing agent or alibaba sourcing agent. In fact, there are many benefits to hiring a sourcing agent and here are they:-
Knowing as much as you can about a product will help you determine if it’s a good fit for your business. You need to know who is selling it, who is buying it, and how you can get in on that action yourself. There are many things you’ll want to take into consideration, including: How strong is their existing market? Where do they get their products made? Is there a demand in my region or country for these products? A sourcing agent has knowledge in all these areas.
With advancements in technology, it has become very easy for an importer to conduct business across international borders. If you have never imported a product before, or are not well-versed in how imports and exports work, hiring a sourcing agent makes sense. These companies will handle all aspects of sourcing products on your behalf.
The cost of shipping is just one factor when it comes to sourcing in Asia. Another key consideration is that most products have value-added tax (VAT) that’s applied at point of entry. In other words, customs agents will charge a fee when you import your goods into a foreign country. The percentage varies depending on where you are importing from and if it’s your first time importing there (FTA). If it’s not your first time there, they may waive any fees. A sourcing agent can help you understand custom, taxes, and other elements when importing products from Asian countries.
Time is valuable, especially when you’re juggling a full-time job and starting your own business. By hiring a sourcing agent, you won’t have to spend time worrying about logistics or negotiating with suppliers. You can focus on what matters most: building your business. Plus, importing goods in bulk will lower their cost (and their overall impact on our environment). That’s a win for everyone!
If you have never done business with suppliers overseas, chances are that you’re not only wondering how much it will cost, but also whether or not they can deliver on time. That’s where working with a sourcing agent comes in. There is a reason why sourcing agents who specialise in importing products from Asia get repeat business year after year, and that’s because they work hard to find new sources and cut out all of the red tape involved in dealing directly with factories abroad.