Have you been looking to start an FBA business but unsure where to start? One of the most common, and easiest, ways to start is by buying products on Alibaba and selling them on Amazon’s FBA platform. If you’ve been looking at starting an FBA business you almost certainly have come across Alibaba. Alibaba is a massive Chinese marketplace with millions of sellers and tens of millions of product for sale in any quantity. Sourcing a product on Alibaba and selling on Amazon is one of the most popular methods to do FBA and it’s a great place to start as a beginner. Check out our low-risk, step by step guide to help you get started and save you time and money.Read More
Who do you think has the most to learn about the supply chain–modern factories in a Chinese megapolis OR a rural, generations-old coffee farm? Though there is no simple answer, it may be surprising to learn how the two industries are similar and just how much modern factories can learn from coffee farming.
Once you have found a supplier you next step is to figure out how to pay. This step scares many of people because you are sending 1000’s of dollars overseas to someone who you probably have not met. Most suppliers in China prefer direct transfers however that is not the safest way and even if you do have a trustworthy supplier you will still spend a large amount in fees. In this post we’ll go over the different payment types, and discuss their merits, fees, time and more.
A Sourcing Company or a sourcing agent helps a company find sources for products and supplies at a low cost and/or of a certain quality or attributes. Some may represent a few select factories or serve multiple companies. At Cosmo, we have no exclusive contracts and search for the best factories for a company.Read More
Sourcing from China is not easy and my concern with Alibaba is how so many who use it start to think it is easy and then they fail to take precautions and then they call my firm because they are out hundreds of thousands (more or less) of dollars. Seems it is even worse than I thought.Read More
China today is full of incredible business opportunities for American entrepreneurs and business owners, but like any country in the West, it is not a perfect paradise. You must accept the risks of sourcing goods in China while embracing the opportunities that come with it. The good news is that you can manage and reduce these risks with a methodical approach to sourcing in China.Read More