{"id":75115,"date":"2022-02-14T14:30:59","date_gmt":"2022-02-14T06:30:59","guid":{"rendered":"https:\/\/jingsourcing.com\/?p=75115"},"modified":"2024-05-14T10:45:22","modified_gmt":"2024-05-14T02:45:22","slug":"bg-ecommerce-sourcing-from-china","status":"publish","type":"post","link":"https:\/\/jingsourcing.com\/bg-ecommerce-sourcing-from-china\/","title":{"rendered":"eCommerce Sourcing from China | 7 Key Things in Practice"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"75115\" class=\"elementor elementor-75115\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-24fcfa8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24fcfa8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9991bef\" data-id=\"9991bef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e1de0ab elementor-widget elementor-widget-text-editor\" data-id=\"e1de0ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<blockquote><p><em>By Haley Osborne<\/em><\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-c3efcd0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3efcd0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2775782\" data-id=\"2775782\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28d1fa1 elementor-widget elementor-widget-text-editor\" data-id=\"28d1fa1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The value of UK online retail sales reached <a href=\"https:\/\/www.statista.com\/statistics\/315506\/online-retail-sales-in-the-united-kingdom\/\" target=\"_blank\" rel=\"noopener\">\u00a399.31 billion in 2020<\/a>, growing over \u00a320 billion from the previous year. This eCommerce growth trend means a great opportunity to start an online store.<\/p><p>However, it\u2019s important to have a clear plan to build a successful eCommerce business, which includes the strategies of sourcing products. This refers to finding quality products and vendors, whether from <a href=\"https:\/\/jingsourcing.com\/bg-benefits-of-vendor-portal\/\" target=\"_blank\" rel=\"noopener\">overseas suppliers<\/a> or brick-and-mortar factories near your headquarters.<\/p><p>Whatever sourcing method you choose, the goal is to get the best products at the lowest possible cost to maximize profits and China is one of the best places to look into.<\/p><p>This article will guide you through the product sourcing process, from researching ideas to evaluating the selected suppliers. We\u2019ll also explain three common product sourcing methods along with their pros and cons.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-59fb1d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59fb1d8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7929720\" data-id=\"7929720\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-99d7c1d elementor-widget elementor-widget-heading\" data-id=\"99d7c1d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1. Research Products for Your Online Store<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43c4ef0 elementor-widget elementor-widget-text-editor\" data-id=\"43c4ef0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Business owners launch <a href=\"https:\/\/backlog.com\/blog\/95-new-products-fail-heres-succeed\/\" target=\"_blank\" rel=\"noopener\">more than 30,000 new products each year<\/a>, but <strong>95%<\/strong> of them fail. Therefore, doing market research is essential to avoid investing in the wrong products.<\/p><p>Consider these points during your research:<\/p><ul><li><strong>Target market.<\/strong> Choose specific consumer groups you want to target and check the market trends to determine suitable products and whether there\u2019s sufficient demand. To do this, consider distributing a survey or interviewing people within the group.<\/li><li><strong>Competition.<\/strong> Understanding the competition helps narrow down product ideas. See what competitors offer and think about how your future product can fill a gap in the market.<\/li><\/ul><p>Besides products to sell, determine your desired eCommerce platform. The platform where you\u2019ll sell products plays an important role in conversions and crucial business decisions, like fees and marketing strategies.<\/p><p>For example, online marketplaces often have a vast user base, but they also have high transaction fees and steep competition. Meanwhile, although creating your own platform might be more time-consuming, selling on your own website offers more freedom and control, especially with the help of <a href=\"http:\/\/www.hostinger.co.uk\/web-hosting\" target=\"_blank\" rel=\"noopener\">unlimited web hosting<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-ef21bf0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ef21bf0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-12ae826\" data-id=\"12ae826\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e6d8ae3 elementor-widget elementor-widget-heading\" data-id=\"e6d8ae3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2. Choose the Right Product Sourcing Model<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3dd18a elementor-widget elementor-widget-text-editor\" data-id=\"a3dd18a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After narrowing down your business niche and product category, here are three common and effective product sourcing strategies for an online store.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-718a181 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"718a181\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-99e01b9\" data-id=\"99e01b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70de3d3 elementor-widget elementor-widget-heading\" data-id=\"70de3d3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">DIY Products<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdf89a4 elementor-widget elementor-widget-text-editor\" data-id=\"cdf89a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sell handmade products to offer customers unique and creative items. This product sourcing method is also growing due to increased ethical and sustainable consumption practices. In fact, <a href=\"https:\/\/www.craftscouncil.org.uk\/documents\/880\/Market_for_craft_full_report_2020.pdf\" target=\"_blank\" rel=\"noopener\">73% of the UK population<\/a> purchased handmade crafts in 2020 to reject mass production. And the best part is that everything needed for any DIY product can be easily sourced in China for a good price.<\/p><p><strong>Pros:<\/strong><\/p><ul><li>Selling DIY products can be profitable as it\u2018s trending and serves a segmented market.<\/li><li>Offering truly unique items means your brand can avoid the uniformity of mass production.<\/li><\/ul><p><strong>Cons: <\/strong><\/p><ul><li>Making your own products takes time because you need to first source the raw materials in craft stores or flea markets before starting the production process.<\/li><li>Due to the longer production process, businesses selling handmade items are hard to scale.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-88577d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"88577d9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75651ee\" data-id=\"75651ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a31e50 elementor-widget elementor-widget-heading\" data-id=\"7a31e50\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Dropshipping<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-910b113 elementor-widget elementor-widget-text-editor\" data-id=\"910b113\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/jingsourcing.com\/dropshipping\/\" target=\"_blank\" rel=\"noopener\">Dropshipping<\/a> is the simplest product sourcing method and the best option for people just starting their entrepreneurial journey. Sellers only need to forward customers\u2019 orders to a dropshipping supplier, and they will ship the products directly to customers. China is the biggest dropshipping source of the world.<\/p><p><strong>Pros: <\/strong><\/p><ul><li>You don\u2019t have to manage inventory, packaging, and shipping.<\/li><li>Lower start-up costs since sellers don\u2019t need to hold stock.<\/li><\/ul><p><strong>Cons:<\/strong><\/p><ul><li>You risk selling the same products as other businesses since dropshipping items are often generic. This makes it tough to stand out from competitors.<\/li><li>This option generally has lower profit margins as you need to pay a supplier or third party extra fees to handle the fulfillment process.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-b1196d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b1196d4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-93d4dd4\" data-id=\"93d4dd4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d7ff77 elementor-widget elementor-widget-heading\" data-id=\"9d7ff77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Wholesale Suppliers <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe766be elementor-widget elementor-widget-text-editor\" data-id=\"fe766be\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Wholesalers are product sourcing companies selling their items in bulk, whether online or in brick-and-mortar stores. Attending trade shows is also an excellent way to find wholesale suppliers and build relationships with potential business partners.<\/p><p>Compared to dropshipping, wholesalers ship the products to you, where you then complete the order fulfillment process. China sourcing companies are also leading wholesale suppliers, of course, because of the great suggested prices.<\/p><p><strong>Pros:<\/strong><\/p><ul><li>This option is the middle ground between DIY and dropshipping products. It\u2019s possible to customize <a href=\"https:\/\/jingsourcing.com\/b-private-label-product\/\" target=\"_blank\" rel=\"noopener\">private label products<\/a> from wholesalers without making them yourself.<\/li><\/ul><p><strong>Cons:<\/strong><\/p><ul><li>Wholesale requires you to invest more upfront, from buying products in bulk and preparing inventory storage.<\/li><\/ul><p>Inventory management skills an<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-b08df9a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b08df9a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6951dd\" data-id=\"a6951dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0071e42 elementor-widget elementor-widget-heading\" data-id=\"0071e42\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3. Find Suitable Suppliers <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b764562 elementor-widget elementor-widget-text-editor\" data-id=\"b764562\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After deciding on the product sourcing model, it\u2019s time to check the available suppliers.<\/p><p>Some popular online product sourcing directories are:<\/p><ul><li><strong>SaleHoo<\/strong><\/li><li><strong>AliExpress<\/strong><\/li><li><strong>Jingsourcing <\/strong><\/li><\/ul><p>Alternatively, visit niche marketplaces to source products, such as:<\/p><ul><li><strong>Houzz<\/strong> for home and decor items<\/li><li><strong>Discogs<\/strong> for CDs, DVDs, and vinyl records<\/li><li><strong>GAME<\/strong> for toys, video games, and computer hardware<\/li><li><strong>AbeBooks<\/strong> for new and second-hand books<\/li><\/ul><p>If you want to source products from local businesses, visit business review sites such as <strong>Yelp<\/strong>, <strong>Better Business Bureau<\/strong>, and <strong>Google My Business<\/strong> before making a decision. That way, you can check whether they\u2019re reliable suppliers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7567e8 elementor-widget elementor-widget-image\" data-id=\"f7567e8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"756\" height=\"452\" src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/02\/Better-Business-Bureau.jpg\" class=\"attachment-full size-full wp-image-75162\" alt=\"Better Business Bureau\" srcset=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/02\/Better-Business-Bureau.jpg 756w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/02\/Better-Business-Bureau-300x179.jpg 300w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/02\/Better-Business-Bureau-200x120.jpg 200w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/02\/Better-Business-Bureau-400x239.jpg 400w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/02\/Better-Business-Bureau-600x359.jpg 600w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><i>Image source: bbb.org<\/i><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-fd731f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd731f3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c0119d\" data-id=\"7c0119d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3244476 elementor-widget elementor-widget-heading\" data-id=\"3244476\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">4. Contact the Product Suppliers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37f610f elementor-widget elementor-widget-text-editor\" data-id=\"37f610f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sometimes, product sourcing websites offer a chatbox to connect suppliers and retailers. If not, you can communicate with the eCommerce suppliers via email or messaging apps.<\/p><p>Here are some points to discuss with prospective suppliers:<\/p><ul><li><strong>Product specifications. <\/strong>Check the product dimensions, materials, colors, and features.<\/li><li><strong>Minimum order quantities.<\/strong> Estimate the initial order quantity and confirm it with the suppliers.<\/li><li><strong>Pricing. <\/strong>Ask the <a href=\"https:\/\/www.indeed.com\/career-advice\/career-development\/cost-per-unit-calculation\" target=\"_blank\" rel=\"noopener\">cost per unit<\/a> for your preferred minimum order quantity and see whether you can get a discount.<\/li><li><strong>Payment terms.<\/strong> Verify the number of deposits, invoices, and payment options.<\/li><li><strong>Delivery time and shipping methods.<\/strong> Depending on your product sourcing strategy, talk about courier options and who will handle shipping and inventory.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-51f18dc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51f18dc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-375ed0c\" data-id=\"375ed0c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b2f6e3 elementor-widget elementor-widget-heading\" data-id=\"7b2f6e3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">5. Estimate a Good Profit Margin<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fd7858 elementor-widget elementor-widget-text-editor\" data-id=\"8fd7858\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After determining final pricing estimates from the discussions with several product manufacturers, conduct a profitability analysis. This step will help to calculate your initial expenses and decide a suitable price per item.<\/p><p>Create a simple spreadsheet outlining the following:<\/p><ul><li>Cost per unit<\/li><li>Average shipping cost per unit<\/li><li>Target selling price<\/li><li>Potential profit per item<\/li><\/ul><p>If you choose to sell self-manufactured products, calculate the estimated production hours and the cost of materials, price tags, and packaging or labels. Then, add <a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/knowledge\/accounting\/profit-margin\/\" target=\"_blank\" rel=\"noopener\">10% to 20% for profit margins<\/a>, depending on the product type of target market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-fd0d519 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd0d519\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bf6bf3f\" data-id=\"bf6bf3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f8932d7 elementor-widget elementor-widget-heading\" data-id=\"f8932d7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">6. Order Samples from Suppliers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a23627 elementor-widget elementor-widget-text-editor\" data-id=\"7a23627\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Request some sample orders once you settle on one or two best suppliers. A rule of thumb is to order two or three samples from each supplier to compare their craft\u2019s consistency. However, the number of samples may vary depending on your needs.<\/p><p>Retailers generally need to pay for samples, but reputable suppliers often provide discounts. However, ordering product samples with custom specifications may cost more and take longer than ready-stock samples as you\u2019ll need to request a specific design and prototype.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-0bd59ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0bd59ee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4881d68\" data-id=\"4881d68\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6e7be85 elementor-widget elementor-widget-heading\" data-id=\"6e7be85\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7. Evaluate the Suppliers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b61e332 elementor-widget elementor-widget-text-editor\" data-id=\"b61e332\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Once you receive the products, evaluate the items and suppliers in terms of materials, features, and transaction process.<\/p><p>Then, place a full order once you\u2019re satisfied with the sample quality. Some businesses only choose one company for their supply chain. However, we recommend you to have several business partners in case the primary supplier experiences issues, like data breaches or stockouts.<\/p><p>To maintain a solid sourcing strategy, forecast market demand to prepare an adequate budget and schedule delivery timelines. Also, consider implementing a pre-order system for customers to avoid over-ordering stock.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-c69cdc1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c69cdc1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14747cb\" data-id=\"14747cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0a28d7b elementor-widget elementor-widget-heading\" data-id=\"0a28d7b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ff5630 elementor-widget elementor-widget-text-editor\" data-id=\"9ff5630\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sourcing products is about finding trustworthy suppliers from whom you buy quality items to sell online. Popular product sourcing strategies include producing items yourself or partnering with third parties.<\/p><p>Here are seven steps to source products for an online business:<\/p><ol><li>Research the target audience and competition to find a profitable market segment.<\/li><li>Pick a suitable sourcing model.<\/li><li>Find a good supplier via dropshipping directories, niche marketplaces, or local stores.<\/li><li>Verify important points like payment terms and product specifications.<\/li><li>Calculate the profit margin.<\/li><li>Ask for samples from the selected suppliers.<\/li><li>Evaluate the samples\u2019 product quality.<\/li><\/ol><p>By following these steps, we hope you can source excellent products from suitable suppliers and make profits along the way.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-40d0d5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"40d0d5a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18c5258\" data-id=\"18c5258\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-31d21d4 elementor-author-box--image-valign-middle elementor-widget elementor-widget-author-box\" data-id=\"31d21d4\" data-element_type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<div  class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/jingsourcing.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\" alt=\"Picture of Haley Osborne \" loading=\"lazy\">\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<div >\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tHaley Osborne \t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-author-box__bio\">\n\t\t\t\t\t\t<p>Haley Osborne is an active freelance writer. She is interested in management, web design, and engaged in e-commerce activities. Regularly touches on the topics of self-development and modern trends. Her goal is to provide quality and inspiring content. You can reach out to her on GuestPostingNinja@gmail.com. <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>By Haley Osborne The value of UK online retail sales reached \u00a399.31 billion in 2020, growing over \u00a320 billion from [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":99558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[99],"tags":[],"class_list":["post-75115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-source-all-products"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.6 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>eCommerce Sourcing from China | 7 Key Things in Practice<\/title>\n<meta name=\"description\" content=\"Check this guide to learn how to choose products, communicate with suppliers, estimate profit margin, evaluate suppliers for your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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