#1 TikTok Ads Spy Tool

A Better Way to Make TikTok Ads Dropshipping & TikTok For Business

  • Find TikTok winning products & TikTok dropshipping ads.
  • Analyze TikTok advertisers
  • Get the Latest TikTok Shop Data.
Try It Free

An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent)

Published on: December 9 2022 by MyWifeQuitHerJob Ecommerce Channel

An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent)

The above is a brief introduction to An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent).

Let's move on to the first section of An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent)!

An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent)

startTime durationTime text
00:00:00 00:00:04 are you looking to sell your own branded
00:00:02 00:00:05 private label products online and are
00:00:04 00:00:07 you having problems finding a reliable
00:00:05 00:00:09 factory or supplier to make what you
00:00:07 00:00:11 want to sell well if so then using a
00:00:09 00:00:13 china sourcing agent can save you both
00:00:11 00:00:15 time and money and i've used a sourcing
00:00:13 00:00:16 agent from my e-commerce store over at
00:00:15 00:00:18 bumblebee linens and i've found success
00:00:16 00:00:20 finding factories that will produce
00:00:18 00:00:22 practikally anything that i want so in
00:00:20 00:00:24 this video i break down all the
00:00:22 00:00:27 trade-offs and costs with using a china
00:00:24 00:00:27 sourcing agent
00:00:32 00:00:35 now a sourcing agent is a specialist
00:00:33 00:00:37 that connects you with factories in
00:00:35 00:00:38 china to produce your products and they
00:00:37 00:00:40 can also help you with packaging your
00:00:38 00:00:43 products shipping your products quality
00:00:40 00:00:45 control and price negotiation now a good
00:00:43 00:00:47 sourcing agent typically lives in china
00:00:45 00:00:48 and acts as your trusted advisor on the
00:00:47 00:00:50 ground they'll help you locate
00:00:48 00:00:52 manufacturers that you cannot find on
00:00:50 00:00:54 directories like alibaba or global
00:00:52 00:00:56 sources they also have a strong network
00:00:54 00:00:59 of trusted factories freight forwarders
00:00:56 00:01:00 and inspection companies for your review
00:00:59 00:01:02 now i'll go over the pros and cons of
00:01:00 00:01:04 using a china sourcing agent and whether
00:01:02 00:01:06 they are worth the money
00:01:04 00:01:07 now how do you source from china well
00:01:06 00:01:10 when it comes to importing products from
00:01:07 00:01:11 china there are six basic steps that you
00:01:10 00:01:14 must follow you have to know exactly
00:01:11 00:01:16 what you want to sell you must identify
00:01:14 00:01:17 a chinese supplier that can manufacture
00:01:16 00:01:20 your products you must work with your
00:01:17 00:01:22 supplier to create a golden sample you
00:01:20 00:01:24 must negotiate with your supplier on
00:01:22 00:01:26 cost for your first bulk order you must
00:01:24 00:01:28 hire an inspector for quality control
00:01:26 00:01:31 and then you must manage the logistiks
00:01:28 00:01:32 for shipping stuff to your warehouse now
00:01:31 00:01:35 once you've found a reliable supplier
00:01:32 00:01:37 managing all of the above is relatively
00:01:35 00:01:38 straightforward but when you're first
00:01:37 00:01:40 starting out it can actually be
00:01:38 00:01:42 intimidating to source your first
00:01:40 00:01:44 product from china now here are your
00:01:42 00:01:45 options and overall there are four main
00:01:44 00:01:48 ways to source private label products
00:01:45 00:01:50 from china so option number one you can
00:01:48 00:01:52 find your own suppliers with directories
00:01:50 00:01:53 and trade shows now finding your own
00:01:52 00:01:55 wholesale suppliers is by far the
00:01:53 00:01:57 cheapest way to source your products
00:01:55 00:01:59 from china and using a directory like
00:01:57 00:02:01 alibaba or global sources you can
00:01:59 00:02:02 quickly and easily find factories to
00:02:01 00:02:04 manufacture the products that you want
00:02:02 00:02:06 to sell in addition you can use the
00:02:04 00:02:08 jungle scout supplier database to find
00:02:06 00:02:10 out which factories your competitors are
00:02:08 00:02:12 using now here's how it works every
00:02:10 00:02:14 shipment that arrives to the us by c is
00:02:12 00:02:16 documented on the public record the
00:02:14 00:02:18 jungle scout supplier database allows
00:02:16 00:02:20 you to browse these records to find
00:02:18 00:02:22 suppliers for any brand here's a video
00:02:20 00:02:24 that demonstrates how to use this tool
00:02:22 00:02:26 now if you're willing to travel
00:02:24 00:02:28 attending the canton fair is a great
00:02:26 00:02:30 place to meet thousands of suppliers in
00:02:28 00:02:32 person all in the same place now while
00:02:30 00:02:33 finding your own suppliers is convenient
00:02:32 00:02:35 and inexpensive you have to know what
00:02:33 00:02:37 you're doing so for example you must
00:02:35 00:02:39 learn how to approach a supplier and
00:02:37 00:02:40 negotiate the lowest price you must
00:02:39 00:02:42 learn how to perform quality control and
00:02:40 00:02:44 import products from china and you must
00:02:42 00:02:47 learn how to manage your own supply
00:02:44 00:02:49 chain now option number two is to hire a
00:02:47 00:02:51 sourcing agent a sourcing agent is an
00:02:49 00:02:53 individual that helps you connect with
00:02:51 00:02:54 reliable manufacturers and they are
00:02:53 00:02:56 responsible for pre-vetting your
00:02:54 00:02:59 suppliers and find the best factory that
00:02:56 00:03:01 meets your specific needs a sourcing
00:02:59 00:03:04 agent will also negotiate on your behalf
00:03:01 00:03:06 and act as a liaison with your supplier
00:03:04 00:03:08 in addition most sourcing agents have a
00:03:06 00:03:10 rolodex a reliable freight forwarders
00:03:08 00:03:12 and customs agents to manage your entire
00:03:10 00:03:14 supply chain so overall a sourcing agent
00:03:12 00:03:16 will save you time but their service
00:03:14 00:03:18 comes at a price
00:03:16 00:03:20 now china sourcing agents are typically
00:03:18 00:03:23 paid a flat rate for their services or
00:03:20 00:03:25 by taking a percentage commission based
00:03:23 00:03:27 on the overall cost of your order option
00:03:25 00:03:29 number three buy from a trading company
00:03:27 00:03:31 now a trading company is a middleman
00:03:29 00:03:33 that works with many different factories
00:03:31 00:03:34 across the entire supply chain to
00:03:33 00:03:36 provide you with products to sell
00:03:34 00:03:38 however you have limited customization
00:03:36 00:03:40 options and you must sell what's already
00:03:38 00:03:42 in their catalog now buying from a
00:03:40 00:03:44 trading company is a good option if
00:03:42 00:03:46 you're on a budget and you can't afford
00:03:44 00:03:48 the high minimum order quantities of a
00:03:46 00:03:50 factory in china option number four is
00:03:48 00:03:52 to use a service company a service
00:03:50 00:03:54 company is a business that specializes
00:03:52 00:03:57 in helping you find a reliable supplier
00:03:54 00:03:59 negotiate cost perform quality control
00:03:57 00:04:00 and manage freight forwarding now
00:03:59 00:04:02 working with a service company is
00:04:00 00:04:04 similar to hiring an individual sourcing
00:04:02 00:04:06 agent except that service companies
00:04:04 00:04:09 typically do not give you the contact
00:04:06 00:04:10 information of your factory in fact most
00:04:09 00:04:12 service companies keep their supplier
00:04:10 00:04:14 contacts tight to their vests because
00:04:12 00:04:16 their network is their main value add
00:04:14 00:04:18 now similar to a sourcing agent service
00:04:16 00:04:21 companies take a commission based on a
00:04:18 00:04:23 percentage of the overall order cost now
00:04:21 00:04:25 why should you use a china sourcing
00:04:23 00:04:27 agent well even though you must pay a
00:04:25 00:04:29 china sourcing agent a commission based
00:04:27 00:04:30 on the cost of your inventory they can
00:04:29 00:04:32 save you both money and time now
00:04:30 00:04:35 establishing contact and building trust
00:04:32 00:04:37 with a chinese factory is not easy
00:04:35 00:04:39 because most large manufacturers are not
00:04:37 00:04:41 willing to work with random buyers you
00:04:39 00:04:43 must establish a relationship first now
00:04:41 00:04:45 a good sourcing agent already has close
00:04:43 00:04:46 ties with many different factories and
00:04:45 00:04:48 combined new manufacturers that would
00:04:46 00:04:51 normally not give you the time of day
00:04:48 00:04:53 in addition many top tier suppliers
00:04:51 00:04:55 cannot be found on alibaba and in some
00:04:53 00:04:58 cases the best suppliers online can only
00:04:55 00:05:00 be accessed by a native china sourcing
00:04:58 00:05:02 agent with established ties
00:05:00 00:05:04 now here are the main benefits of using
00:05:02 00:05:05 a china sourcing agent they can help you
00:05:04 00:05:08 pre-screen factories to produce your
00:05:05 00:05:09 products negotiate prices on your behalf
00:05:08 00:05:12 communicate with factories if you don't
00:05:09 00:05:14 speak chinese perform quality control
00:05:12 00:05:16 and inspections find low-cost freight
00:05:14 00:05:17 forwarders to ship your goods and even
00:05:16 00:05:19 if you already have reliable suppliers
00:05:17 00:05:21 for your business you should probably
00:05:19 00:05:23 reach out to new factories to make sure
00:05:21 00:05:24 that you're getting the best price now
00:05:23 00:05:26 it's also beneficial to have backup
00:05:24 00:05:29 suppliers in place in case of production
00:05:26 00:05:31 mishaps or product shortages
00:05:29 00:05:33 now how much does a china sourcing agent
00:05:31 00:05:34 cost a china sourcing agent will charge
00:05:33 00:05:36 you a commission fee based on the cost
00:05:34 00:05:38 of your order and typically the
00:05:36 00:05:41 percentage charge decreases as your
00:05:38 00:05:42 order size increases for example here
00:05:41 00:05:44 are the fees for jinx sourcing which is
00:05:42 00:05:45 a sourcing company that i've used in the
00:05:44 00:05:47 past
00:05:45 00:05:49 anything below a thousand dollars you
00:05:47 00:05:51 get charged a hundred dollars anything
00:05:49 00:05:52 that's under 10k you get charged about
00:05:51 00:05:55 seven and a half percent and then
00:05:52 00:05:57 anything over 30k you get charged a five
00:05:55 00:05:59 percent commission now after you place
00:05:57 00:06:01 your first order all future orders must
00:05:59 00:06:03 be placed with your sourcing agent and
00:06:01 00:06:05 in general it is frowned upon to work
00:06:03 00:06:07 with the factory directly and bypass
00:06:05 00:06:09 your agent unless special terms are
00:06:07 00:06:11 negotiated up front in fact most factors
00:06:09 00:06:12 will not do business with you without
00:06:11 00:06:14 your agent
00:06:12 00:06:15 now some china sourcing agents will hide
00:06:14 00:06:17 the factory information from you
00:06:15 00:06:19 altogether and most service companies
00:06:17 00:06:20 won't reveal the name of your factory
00:06:19 00:06:22 either
00:06:20 00:06:25 now a five to ten percent sourcing fee
00:06:22 00:06:26 may sound significant at first but the
00:06:25 00:06:28 amount of time and headache a sourcing
00:06:26 00:06:29 agent can save you can be well worth the
00:06:28 00:06:30 money
00:06:29 00:06:32 now if you decide to go the sourcing
00:06:30 00:06:34 agent route here are the questions to
00:06:32 00:06:35 ask and it's important to ask the right
00:06:34 00:06:37 questions before hiring them
00:06:35 00:06:39 so what are your payment terms is there
00:06:37 00:06:41 a deposit involved and when does
00:06:39 00:06:43 sourcing agent get paid some agents
00:06:41 00:06:44 require upfront payment whereas others
00:06:43 00:06:46 will allow you to pay when the products
00:06:44 00:06:48 are ready to be shipped
00:06:46 00:06:50 how is quality control handled does the
00:06:48 00:06:52 agent offer inspection services or are
00:06:50 00:06:54 they outsourced to a third party will
00:06:52 00:06:55 they visit the factory to ensure that
00:06:54 00:06:57 ethical production practikes are
00:06:55 00:06:59 followed and how are the inspection
00:06:57 00:07:01 reports delivered now do they have
00:06:59 00:07:03 referrals from happy customers make sure
00:07:01 00:07:04 you ask for referrals from clients in
00:07:03 00:07:06 your home country
00:07:04 00:07:08 how often are production updates given
00:07:06 00:07:09 you should have a direct way of
00:07:08 00:07:12 contacting your sourcing agent through a
00:07:09 00:07:14 messaging app like wechat or whatsapp
00:07:12 00:07:16 and are there any guarantees for late
00:07:14 00:07:18 shipments or poor quality goods because
00:07:16 00:07:19 no production run ever goes perfectly
00:07:18 00:07:21 smooth and it's important to have
00:07:19 00:07:23 contingency plans in place
00:07:21 00:07:25 where's your sourcing agent located in
00:07:23 00:07:26 general it's better to use an agent that
00:07:25 00:07:28 lives close to your factory different
00:07:26 00:07:30 regions in china specialize in different
00:07:28 00:07:32 types of goods and then finally you want
00:07:30 00:07:33 to ask what their fees are every
00:07:32 00:07:35 sourcing agent offers a different fee
00:07:33 00:07:37 structure make sure you negotiate
00:07:35 00:07:39 favorable terms if you decide to use
00:07:37 00:07:41 their services in the long term now
00:07:39 00:07:43 aside from these questions make sure
00:07:41 00:07:44 that your sourcing agent is responsive
00:07:43 00:07:47 and can speak your native language
00:07:44 00:07:48 fluently now if you experience any
00:07:47 00:07:50 communication problems now then it's
00:07:48 00:07:52 only going to get worse once your
00:07:50 00:07:53 products are in production now hear the
00:07:52 00:07:55 pros and cons of using a china sourcing
00:07:53 00:07:57 agent as opposed to finding your own
00:07:55 00:07:59 suppliers via alibaba or going to the
00:07:57 00:08:01 canton fair
00:07:59 00:08:02 so let's start with the pros it saves
00:08:01 00:08:04 you time a china sourcing agent already
00:08:02 00:08:06 has an established rolodex of pre-vetted
00:08:04 00:08:08 manufacturers for your review and
00:08:06 00:08:10 alibaba is filled with tire kickers and
00:08:08 00:08:12 middlemen and a sourcing agent can help
00:08:10 00:08:14 you quickly weed through the junk
00:08:12 00:08:16 there's great communication a china
00:08:14 00:08:18 sourcing agent speaks english and
00:08:16 00:08:20 chinese fluently as a result your agent
00:08:18 00:08:22 can facilitate communication between you
00:08:20 00:08:24 and your factory and in some cases you
00:08:22 00:08:26 won't even have to communicate with your
00:08:24 00:08:28 supplier at all the production process
00:08:26 00:08:29 will be smooth a china sourcing agent
00:08:28 00:08:32 has experience sourcing products and
00:08:29 00:08:33 typically has procedures in place and if
00:08:32 00:08:35 you're new to e-commerce your agent can
00:08:33 00:08:36 teach you the right way to source
00:08:35 00:08:38 products for sale
00:08:36 00:08:40 you tend to get better quality control a
00:08:38 00:08:43 good sourcing agent has in-house staff
00:08:40 00:08:44 or inspection agencies at their disposal
00:08:43 00:08:46 to make sure your products are made
00:08:44 00:08:47 without defects and you should never
00:08:46 00:08:49 trust the factory
00:08:47 00:08:51 and then finally there's accessibility
00:08:49 00:08:53 when things go wrong a china sourcing
00:08:51 00:08:55 agent can help fix the problem directly
00:08:53 00:08:57 by just going to the factory sometimes
00:08:55 00:08:59 email and texting just isn't good enough
00:08:57 00:09:02 now here are the downsides to using a
00:08:59 00:09:03 china sourcing agent the extra cost may
00:09:02 00:09:04 eat into your margins
00:09:03 00:09:06 now they're going to charge you a
00:09:04 00:09:07 percentage of your goods this is
00:09:06 00:09:09 essentially a royalty that you'll have
00:09:07 00:09:11 to pay for as long as you use that
00:09:09 00:09:13 factory there's also a single point of
00:09:11 00:09:15 failure if your sourcing agent decides
00:09:13 00:09:17 to quit or ghost you you may lose your
00:09:15 00:09:19 supplier altogether
00:09:17 00:09:20 sometimes there's back-end deals now
00:09:19 00:09:22 because sourcing agents are paid based
00:09:20 00:09:24 on order size they may be incentivized
00:09:22 00:09:28 to work with certain factories that
00:09:24 00:09:29 provide special incentives or kickbacks
00:09:28 00:09:31 now ultimately the million dollar
00:09:29 00:09:32 question is is using a china sourcing
00:09:31 00:09:34 agent worth it well if you're new to
00:09:32 00:09:36 e-commerce and you're having problems
00:09:34 00:09:38 finding a reliable supplier to produce
00:09:36 00:09:40 your goods then hiring an agent is an
00:09:38 00:09:42 excellent option the amount of time that
00:09:40 00:09:44 a quality sourcing agent can save you is
00:09:42 00:09:45 well worth the money and in addition
00:09:44 00:09:47 they live in china and can visit your
00:09:45 00:09:48 factories in person should problems
00:09:47 00:09:50 arise
00:09:48 00:09:52 however you should hire a china sourcing
00:09:50 00:09:54 agent only after you made an attempt to
00:09:52 00:09:56 find your own factories services like
00:09:54 00:09:58 alibaba and global sources have made it
00:09:56 00:10:00 extremely easy to find reliable
00:09:58 00:10:02 suppliers online if you have the means
00:10:00 00:10:04 attending trade shows like the canton
00:10:02 00:10:06 fair or global sources are invaluable
00:10:04 00:10:08 for meeting suppliers face-to-face
00:10:06 00:10:10 now for our e-commerce business we tend
00:10:08 00:10:12 to use sourcing agents when we are in a
00:10:10 00:10:14 pinch so for example this past holiday
00:10:12 00:10:16 season our suppliers experienced
00:10:14 00:10:17 production delays which meant that our
00:10:16 00:10:20 products would not arrive in time for
00:10:17 00:10:21 the holiday season so as a result we
00:10:20 00:10:24 used a sourcing agent to quickly find a
00:10:21 00:10:25 new factory to produce our products now
00:10:24 00:10:27 the main question you must ask yourself
00:10:25 00:10:29 is whether you can afford to sacrifice
00:10:27 00:10:31 your time for money finding your own
00:10:29 00:10:33 suppliers generally takes more time and
00:10:31 00:10:35 effort that you could be spending on
00:10:33 00:10:36 other parts of your business
00:10:35 00:10:38 hope you enjoyed this video now if you
00:10:36 00:10:40 like what you saw there's actually a lot
00:10:38 00:10:42 more where that came from if you
00:10:40 00:10:43 subscribe to my channel below and if you
00:10:42 00:10:45 are interested in learning how to sell
00:10:43 00:10:47 physical products online then click over
00:10:45 00:10:48 here and take my free six day mini
00:10:47 00:10:50 course where i'll walk you through
00:10:48 00:10:52 everything that you need to know to get
00:10:50 00:10:54 started in e-commerce thanks for
00:10:52 00:10:54 watching

Congratulation! You have finally finished reading An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent) and l believe you have enough understanding An Easy Way To Find Wholesale Suppliers With MINIMAL Work (w/ Sourcing Agent).

Come on and read the rest of the article!