How To Get The Best Quote From Chinese Suppliers? | 3 Tips You Should Know

00:03:39
https://www.youtube.com/watch?v=_ene-0CbnsI

Resumen

TLDRIn this video, Mandy from EG Sourcing provides three key tips for sourcing products from Chinese suppliers effectively. First, she emphasizes the importance of giving detailed product specifications to suppliers, as vague inquiries may not yield serious responses. Second, she highlights that packaging can significantly affect pricing; thus, discussing branding and custom solutions early on can prevent unexpected costs. Lastly, Mandy advises taking the time to compare various suppliers before making a decision, as the best price does not always equate to the best deal. By following these tips, you can enhance your sourcing experience and foster better relationships with suppliers.

Para llevar

  • 📝 Provide detailed product specs to suppliers.
  • 📦 Consider packaging options early to avoid surprises.
  • 🔍 Take your time to compare supplier prices diligently.

Cronología

  • 00:00:00 - 00:03:39

    Mandy from EG Sourcing provides three essential tips for negotiating better prices with Chinese suppliers. Due to the complexities introduced by COVID-19, direct sourcing has become challenging, and inquiries to multiple suppliers often yield varying prices. The first tip emphasizes the importance of providing detailed information when asking for a price, as vague requests may lead suppliers to believe you are just comparing quotes. The second tip focuses on the significance of clear communication regarding packaging needs, as custom packaging can significantly alter pricing and avoid unexpected fees. The final tip suggests taking time to compare prices, warning that the lowest price might not always equate to the best deal, as some suppliers may overestimate their capabilities to win orders. Following these three tips can lead to a more effective sourcing experience.

Mapa mental

Vídeo de preguntas y respuestas

  • What should I include in my inquiry to suppliers?

    Provide images, size, order quantity, packaging details, and relevant materials.

  • Why is packaging important in negotiations?

    Custom packaging can dramatically affect the price, so it's essential to discuss it early.

  • How should I approach price comparisons?

    Take your time to compare multiple suppliers; the lowest price may not be the best deal.

  • What can happen if I rush the supplier selection process?

    You might end up with a supplier who cannot meet all your requirements, leading to complications.

  • How can I ensure a good first impression with suppliers?

    Your inquiry format sets the tone for future communications, so be clear and detailed.

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Subtítulos
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Desplazamiento automático:
  • 00:00:04
    hi
  • 00:00:05
    this is mandy from eg sourcing today i'm
  • 00:00:08
    gonna give you three tips you should
  • 00:00:10
    know
  • 00:00:10
    in order to get the best possible price
  • 00:00:13
    from chinese suppliers
  • 00:00:15
    sourcing products directly from china
  • 00:00:18
    has become
  • 00:00:18
    a very complicated process because of
  • 00:00:21
    kovi 19
  • 00:00:23
    so most people turn to the internet but
  • 00:00:26
    sending inquiry online to multiple
  • 00:00:29
    suppliers
  • 00:00:30
    will always get dozens of different
  • 00:00:32
    prices for the same product
  • 00:00:35
    and getting a discount quotation from
  • 00:00:37
    online suppliers
  • 00:00:38
    is a bit of a hassle in this video
  • 00:00:42
    i will give you three tips to set the
  • 00:00:44
    tone when negotiating with suppliers
  • 00:00:47
    helping you secure the best possible
  • 00:00:50
    price
  • 00:00:51
    first don't ask for price without
  • 00:00:55
    giving proper guidelines some new
  • 00:00:58
    buyers will begin a conversation by
  • 00:01:00
    asking the supplier
  • 00:01:02
    can you quote me the price for this
  • 00:01:04
    product
  • 00:01:05
    if you ask in this way a supplier
  • 00:01:08
    won't take you seriously they will just
  • 00:01:12
    think that you are trying to get a price
  • 00:01:15
    any price to compare with other
  • 00:01:17
    suppliers
  • 00:01:18
    they won't think you are looking to
  • 00:01:20
    place an order
  • 00:01:22
    you should provide images
  • 00:01:25
    size order quantity packaging
  • 00:01:29
    and relevant materials the more details
  • 00:01:32
    you provide
  • 00:01:33
    the more serious a supplier will take
  • 00:01:36
    your inquiry
  • 00:01:37
    doing a bit of research on the product
  • 00:01:40
    you are attempting to attend
  • 00:01:42
    will go a long way in getting exactly
  • 00:01:45
    what you need
  • 00:01:47
    second don't neglect your packaging
  • 00:01:51
    let's say you want launch a new product
  • 00:01:53
    and you wish to have the packaging be
  • 00:01:55
    branded with your own logo
  • 00:01:57
    and design if you require a custom box
  • 00:02:01
    versus an opv bag that can make the
  • 00:02:03
    price
  • 00:02:04
    very dramatically plan ahead and make
  • 00:02:07
    sure to let the supplier know
  • 00:02:09
    so no surprise fees will show up
  • 00:02:12
    unexpectedly
  • 00:02:14
    some suppliers might not be able to
  • 00:02:16
    offer a custom
  • 00:02:17
    solution so be sure to bring this up
  • 00:02:20
    from the beginning
  • 00:02:22
    potentially saving your time and money
  • 00:02:25
    and finally compare prices
  • 00:02:29
    don't rush things and be sure to compare
  • 00:02:31
    your options
  • 00:02:33
    sometimes the lowest price doesn't
  • 00:02:35
    always mean the best deal
  • 00:02:37
    so take your time and make a wise
  • 00:02:40
    decision
  • 00:02:41
    some suppliers in order to build a
  • 00:02:43
    relationship with you
  • 00:02:45
    may offer you a low price assuming more
  • 00:02:48
    than they can handle
  • 00:02:50
    and after you place the order they will
  • 00:02:52
    admit that
  • 00:02:53
    they cannot meet all your requirements
  • 00:02:56
    but since you already spent a lot of
  • 00:02:58
    time
  • 00:02:59
    and money your options to change the
  • 00:03:02
    supplier at this stage
  • 00:03:04
    becomes impossible the original supplier
  • 00:03:07
    refunding your investment
  • 00:03:09
    is highly unlikely do the above three
  • 00:03:12
    things
  • 00:03:12
    and we at eg can guarantee a more
  • 00:03:15
    present sourcing experience
  • 00:03:18
    keep in mind your ifq is the first
  • 00:03:21
    impression you make
  • 00:03:22
    when contacting a supplier and sets the
  • 00:03:25
    stage for an
  • 00:03:26
    open conversation helping you further in
  • 00:03:29
    the process
  • 00:03:30
    that's all for today let us know how
  • 00:03:33
    your experiences have been like
  • 00:03:35
    in the comment section below see you
  • 00:03:37
    next time
Etiquetas
  • sourcing
  • Chinese suppliers
  • negotiation tips
  • packaging
  • price comparison
  • supplier communication
  • business tips
  • importing
  • product specifications
  • EG Sourcing