Saturday, October 1, 2011

Where Should A Company Buy Products?

Whether you are a startup or a multi million dollar firm, and if you sell products, you have to figure out where to buy them. Some are dedicated to buying locally, so their decision is easier. But if you want to buy the best products at the best prices, the whole world is literally open to you.

But how do you start? You need to do research and maybe get some help. If you are buying across the country from where you are, you need to either travel periodically to where your products are being made or hire someone to check on them for you. What if you are buying overseas? Same concept. If you are wanting or hoping to work with China, you could do research on such things as china sourcing; same thing if you are wanting to buy from Mexico or India, or wherever.

Most companies going into a foreign country would probably need help with this. There are so many things to consider: language, customs, culture, etc. It is best to get up to speed on these things. Mentors, or staff experienced in working overseas or china sourcing options might be helpful.

But whether you end up using china sourcing or india sourcing, or mexico sourcing, or trying to go it on your own in international business, do you homework. It's a whole new world.

No comments: