Online
Marketplace

Auto
Parts & Accessories

Baby
& Children's Products

Computer
Products

Electronic
Components

Electronics

Fashion
Accessories

Garments
& Textiles

Gifts &
Premiums

Hardware
& DIY

Home
Products

LED
& Solar Products

LEDs
& Optoelectronics

Machinery
& Parts

Medical
& Health Products

Mobile
Electronics

Security
Products

Sports
& Leisure

Telecom
Products

Underwear
& Swimwear

Trade Shows

China Sourcing Fairs

Electronics & Components

Fashion Accessories

Garments & Textiles

Gifts & Premiums

Hardware & Building Materials

Home Products

Mobile Electronics

Security Products

Underwear & Swimwear

Global Sourcing Fair

Mobile & Wireless

India Sourcing Fairs

Garments & Accessories

Korea Sourcing Fairs

Electronics & Components

Gifts & Premiums

Korea Sourcing Fair

Mobile Electronics

Trade Show Center

China Int'l Optoelectronic Expo

China (Shenzhen) International Brand Clothing &
Accessories Fair

IIC-China

Magazines & Reports

Magazines

Sourcing Reports

Other
Services

Product
Alerts

Sourcing News & Advice

Private Sourcing Events

Buyer Support

About Us

Reliable exporters: find them and meet them

Path: Sourcing News & Advice
>> Import from
China Advice >> 3 essential steps to protect
yourself when buying from China

Sourcing News & Advice
Home

Industry
News

Surveys

Import from China
Advice

Ask
the Experts

Buyer's
Guide

3 essential steps to protect yourself when buying from
China

Posted: July 04, 2014

by Mike Bellamy

We are getting close to making decisions on large quantity and large dollar
value transactions with several companies in China. We are concerned with
protecting ourselves financially to send full payment before we receive our
products. We are concerned about fraud as well as quality control of the
product. What ways can we protect ourselves?

Put simply, if buyers take the following three actions, they will avoid 90%
of the common problems.

ONE: At the supplier selection phase:

Make sure the supplier is legit. “Legit” meaning
that it is a real business (not a scam) and “Legit” meaning the seller has the
capabilities to product the given item you want at the quality and lead time you
expect.

Here is a detailed look at how to do perform this
initial due diligence. The good news is that it is affordable and effective:
Essential sourcing skills: Supplier
Verification

TWO: When you are negotiating payment details,
make sure the name on the bank account matches the name on the contract. And
that the name on the contract is the “legit” supplier confirmed in step one. The
following blog posts explain why this step is so critical:

A small buyer placing orders with Chinese Suppliers:
contracts, travel, and other issues

How to place an order with a supplier in China while living
somewhere else

THREE: Link your payments to the supplier’s
performance. Here are the details:

Payment tied to Performance = Protected Buyer

Payment
terms in China

Best Practices : paying Chinese suppliers

If you don’t have time to fly to China for an
inspection, engage a 3rd party for a few 100 USD. List of providers
here
for your reference.

Let me know how things work out for you!
Glad to help.

Question
answered by Mike Bellamy, an Advisory Board Member & Featured Blogger at the
not-for-profit China Sourcing
Information Center. Mike is also the author of "The
Essential Reference Guide to China Sourcing" and founder of PassageMaker
Sourcing Solutions.

Read more Sourcing
News & Advice

RSS Feed

Subscribe to get the latest China sourcing news and
advice

Ask the Experts

Feedback

Send us your comments and suggestions, or share your sourcing
experiences.

Find Suppliers Online

Browse Product Categories

New Products

Top
Products

Top China Suppliers

Source by Country

Top 20 Products by Industry

Español

Meet Suppliers Face-to-Face

Sourcing
Fairs

Private Sourcing Events

Buyer Tools

Download Sourcing e-Magazines

Buy
Sourcing Reports

Monthly Sourcing Highlights

Sourcing News & Advice

Magazines
Mobile App

Buyer Support

What
Every Buyer Needs to Know

Ask the Sourcing Experts

Learn to
Source from China

Supplier Tools

Reach Qualified Buyers

Sign up for a Free Trial

Become a Verified Supplier

多渠道曝光/推广

供应商成功故事

免费网上广告注册

高效参展

Help

User
Guide

Help
& FAQ

Contact Global Sources

Site
Map

About Us

About Global Sources

Our
Services

Our
Quality Commitment

Buyer Testimonials

Investor Relations

Videos

Follow Us

Facebook Twitter Google + LinkedIn RSS

Global Sources Sourcing Sites: GlobalSources.com | CantonFair | 环球资源内贸网

Global Sources Other Country Sites: Hong Kong

Global Sources Management Site: 世界经理人

Global Sources eMedia Sites: EE
Times – Asia | EE
Times – India | EDN
Asia | IIC-China

電子技術設計 | 电子工程专辑 | 電子工程專輯 | 电子技术设计
| 国际电子商情 | 电子圈微报 | 元器件规格书网

Copyright © Trade Media Holdings Ltd. Copyright ©
Trade Media Ltd. All rights reserved.

Terms of Use Privacy Policy Security Measures IP Policy