The main four Risks When Sourcing Products from China

If you are looking for making a great business in China, you must have a great knowledge of making a business in China. The proper knowledge of China's business culture, market, risks and benefits. These are the essential things to know before going into the business. Suppose if you have a business of China concrete mixer, then you should know the benefits, drawbacks, market culture, and more about that. For that, you need the best China supplier, for making things easy for you. 

However, we are here to share the basic main four risks that you should focus on. 


  • Getting scammed:

If you search for the best China supplier on google, you will get a long list of websites with factories advertising products. Some of the pages on the website have fraudulent. We have heard often stories of people who buy products and these companies never receive their shipment. There are two ways to be 100% sure that you are talking to a legitimate company. The first is to get in  touch with the factory you are ordering from and then go to China to check 


  • Orders may be damaged:


If you have delegated products there would always be a chance to get damaged when it transported from another place to another. The best way to navigate is to insure that shipment. You should know the incoterms of the middle of your transportation. The commonly used one is CIF and FOB. FOB stands for free onboard means you are responsible for getting the shipments from the place/factory to your godown/warehouse. 


  • Your property could be stolen:

You see many instances that your product is stolen and takes place in the market. The reason for this is that anybody can do fraud with you. You heard many people come to us, we buy the product from your factory in China and orders from them and a few months later the copy of your product in the market. The best way to avoid this is to find a sourcing agent in China who has long-established relationships with their factories. 



  • Not understand the China business culture:

The culture of the China business is built on the way they call “mainzi” and “guanxi”. Mianzi is the concept of “having a face”. In western culture, we used to say it “safe face” which means to safe the reputation. Whereas guanxi translates to the relationship. Most companies will pick a supplier that offers the good ROI. Chinese companies tend to prioritize whoever they have a company with a longstanding relationship with. 

The main four risks your business should know- Conclusion 

These are the four main risks that your business could face while establishing in China. If you want to establish a business in China you have to find the best China supplier, which would be a good source for you. And before all these check the business culture and business background. As above we state the example of China concrete mixer. You should remember all this to make a good establishment of business in China.

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