Top 5 Mistakes to Avoid When Sourcing Products from China

✅ Ready to build your business for just $1? Start your Foundr+ $1 trial 👉 www.foundr.com/...
Foundr+ is your all-access pass membership to cutting-edge entrepreneurial education - no matter where you are on your entrepreneurial journey.
You’ll find more in-depth, proven strategies tailored to your business needs from founders like today’s guest with support and advice from our global community of over 30,000 founders.
Get started today for just $1 at www.foundr.com/...
___________________________________________________________
🌟 Discover the insider's guide to navigating the pitfalls of sourcing products from China. With insights gathered from years of hands-on experience with over a thousand suppliers, here are the top 5 mistakes that could trip you up.
💼 Mistake #1: Outgrowing Your Supplier
Don't get stuck in a rut! As your business blossoms, it's crucial to reassess if your current supplier still cuts the mustard. Explore bigger and better options to ensure you're getting the best bang for your buck.
🔍 Mistake #2: Skipping Pre-shipment Inspections
Don't roll the dice on quality! Pre-shipment inspections are your safety net against receiving duds. Invest in this essential step to double-check quantity, quality, and compliance before your goods hit the road.
🛠️ Mistake #3: Neglecting Product Testing
From gadgets to gear, compliance is king. Don't leave testing to chance; iron out requirements upfront to steer clear of costly surprises later on. It's all about setting yourself up for success from the get-go.
💰 Mistake #4: Mismanaging Payment Terms
Master the art of payments! Always nail down a pre-production sample before loosening the purse strings, and never fork over more than 30% upfront. Smart financial moves pave the way for smooth sailing.
📦 Mistake #5: Ignoring HTS Codes and Shipping Costs
Crack the code to smooth sailing! Understand HTS codes and shipping costs to dodge unexpected bumps in the road. With the right know-how, you'll breeze through customs like a pro.
___________________________________________________________
👉 Follow Foundr on your favorite platform:
TH-cam: bit.ly/2uyvzdt
Website: www.foundr.com
Instagram: / foundr
Facebook: / foundr
Twitter: / foundr
LinkedIn: / foundr
Podcast: www.foundr.com/...
FREE Magazine subscription 👉 www.foundr.com/...