Vietnam is quickly emerging out of China's shadow and becoming a primary destination to source products. With the third fastest growing economy in the world and a young yet skilled workforce, it's no wonder that there is a rush to source products in Vietnam.Read More
Are you going to the Fall 2018 Canton Fair but don’t know what to expect? Check out our insider guide so that you can master the fair before you go. The Canton fair in Guangzhou, held every spring and fall, is the largest trade fair in the world. This is easily one of the best places to find and connect with potential suppliers and add to your list of contacts.Read More
Are you afraid of getting ripped off when FBA Sourcing? Want to know which suppliers are legitimate on Alibaba? Here's our guide to common Scams on Alibaba, and ways to become an expert when buying from Vietnam, China and beyond. Buying a product from China for FBA can be intimidating. To avoid scams you need to know about the culture and the business environment as well as tricks you can use to properly vet suppliers.Read More
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