Table of Contents
Introduction
Hong Kong is a shopper’s paradise and the perfect place to shop online. It has a diverse range of products from all over the world.
With so many options, Any e-commerce seller will tell you that there is a high chance of getting a bad shipment or finding false Hong Kong sellers. Watch out for the few bad actors when you use an online B2B marketplace, an online supplier directory, or go to a corporate event or wholesale market.
In this article, we talk about your options for sourcing and recommend the most efficient way to find a reliable supplier with whom you can work for a long time.
Lets First Get a Perspective on The Process of Purchasing From Hong Kong
Hong Kong is one of the biggest exporters in the world and has a lot of big e-commerce markets. Even though it’s hard for people outside of Hong Kong to buy from leading platforms like Taobao, hktdc.com Sourcing, price.com.hk, and carousell.com.hk, they are the best choices for buying online, as they offer cheap electronics, basic clothing, and home goods, and are used by people who want to do online shopping.
Choose The Product That Best Suits Your Needs
Finding the right product is the first step. For a business owner, the right product is in high demand, has good quality, costs little to make, and makes a lot of money. Before buying anything from Hong Kong, you need to consider a few important things.
Import products that have fewer warranty claims. Choose the goods that are taxed less at the border. Make sure the items are legal in your country before you buy them. Buy products that need less care.
Some online stores also offer free shipping on most of the items they sell. You can save on shipping costs if you order from there.
Request a Sample Before Placing Your Main Order
Having a good business depends a lot on the quality of the product. So, before you place an order, always ask for a sample.
The Main Part : Choose The Best Possible Supplier
A good reliable supplier that provides quality goods a fair price that you can count on in the long terms is a really crucial factor. Read the next parts of the article to figure out how you must find and choose a supplier that is good for your business.
How To Find The Best Hong Kong Sellers
You can look for a supplier that produces or offer the goods you want in many places and many methods. You always can look for a good supplier in online shopping websites or you can go to the wholesale market and meet them in person. Read the guide below to know to find out more:
Use online shopping websites wisely
Before you even start looking for Hong Kong sellers, you need to follow a certain process to keep your business from getting bad reviews. First, think carefully about how your business works. Determine the quantity you need for your order. Your business will be better in the long run if you choose the right supplier based on the minimum order quantity (MOQ).
Review the supplier’s profile on e-commerce and social media. Try reading the reviews about the suppliers, consider their customer service, and a trade assurance badge. Also, check out the payment and shipment methods they offer.
here is a list of the main Hong Kong online shopping websites:
Attend Trade shows
There are many trend shows that are held annually or monthly in Hong Kong like Global Sources Consumer Electronics, Global Sources Fashion, etc, and you can go visit manufacturers and Hong Kong sellers in person. but before going there make sure you know what product you want and make a list of the necessary questions that you need to ask from your potential suppliers.
Visit Wholesale markets in person
At the wholesale markets, you can find a wide range of goods at rock-bottom prices. For example, shoes, clothes, tools, toys, electricals, office equipment, etc. You can talk to these Hong Kong sellers and make work partnerships start right there!
Get Help From a Sourcing Agent
A sourcing agent can be very helpful especially if the supplier doesn’t speak English, and you may have complications interacting with them. A sourcing agent can negotiate with many suppliers on your behalf and get the best deal without bothering you with so many details.
When the relationship is new, and there is no faith, the importer must use tools like letters of credit or OEM agreements to pay the Hong Kong sellers or manufacturers.
In these situations, the sourcing agent can make the payment for you and reduce the risks involved. The difference here is that the sourcing agent’s delivery address is in Hong Kong, so the receiver can refuse the goods if they don’t agree to the signed contract.
How To Get The Best Prices From Hong Kong Sellers
for an effective negotiation you can take these following tips in application:
In the first email, briefly explaining who you are and what you need is better. It would be better to save the information for the next letter. Note many Hong Kong sellers do not speak English as their first language. So, the best way to avoid confusion is to use simple, brief, and clear sentences.
Organize information for negotiations
One of the best things to do when negotiating with suppliers is to put data together and share it with them. This is as easy and quick as making a table to compare things.
Ask for prices based on quantity
No seller will give you their best deal the first time you talk to them. If you don’t try to find out what their cheapest deal is, you could lose a lot of money. Always ask for three quantity price breaks. This will provide you with a better sense of the price range.
Try to make long-term partnership
The aim of bargaining with Hong Kong sellers for better prices, quality, or service is to make sure your requirements are met while achieving the lowest deal possible.
You don’t want to upset the supplier or make it seem like you’re always trying to save money. Work for a relationship where everyone wins and a good solution.
Conclusion
Whether you buy from a manufacturer or a Hong Kong sellers you must make sure to get the goods you want at the highest quality, fairest price and best customer service possible, because that affects the business and your customer’s satisfaction directly. so as we previously said search for the best supplier in person or online cautiously and then negotiate with them to get the best deal.
who is a sourcing agent?
A sourcing agent’s job is to find and negotiate the best deals for the company. For example, a sourcing agent may find new Hong Kong sellers or negotiate a lower price for an existing supplier.
what is the best profitable goods to import from Hong Kong?
best profitable goods Hong Kong sellers Electrical equipment, clothes and fabric, jade and expensive stones.
How To Get The Best Prices From Hong Kong Sellers
be specific with the goods data, ask for price based on quantity, represent yourself as a bigger business owner
