Update: This year’s holiday is even longer as the National Day holiday is being combined with the Mid-Autumn Festival holiday. That means that factories, warehouses, and freight partners in China may be shut down up to eight (8) days from Oct 1-8. Heads up – there is a weeklong holiday in China coming up from Oct 1st to 7th. … Continue reading “Heads up: 8-day National Holiday in China from Oct 1-8… Expect delays”
Author: Gary
I work with many Amazon sellers to help them source from China. I’ve managed multimillion dollar sourcing campaigns and have been sourcing from China since 2008. I also am an Amazon Private Label seller myself so I know what you’re going through. My goal is to teach you how to source from China quickly and easily so you can own a 7-figure online business.
Shipping by sea? Your ocean freight costs may go up by 50% as 45 ships are stranded with over half a million containers as one of the largest shipping companies just filed for bankruptcy
Breaking news! Hanjin, one of the world’s largest shipping company’s has just filed for bankruptcy protection. Apparently they ran into financial troubles. But the key point is this. 45 of their ships are “stranded at sea”. Ports are not willing to let their ships dock because of their financial uncertainty. As a result over 500,000 … Continue reading “Shipping by sea? Your ocean freight costs may go up by 50% as 45 ships are stranded with over half a million containers as one of the largest shipping companies just filed for bankruptcy”
Payment Terms and how to negotiate them to increase cash flow, reduce your risk, and gain leverage if problems arise
What do you think of first when negotiating with suppliers? Do dollars signs come into your head? Price right? But did you know there is another factor which can make or break your business and it is often overlooked? In fact by negotiating this properly you will have more money to pay expenses, pay yourself, or invest back into your business, cut … Continue reading “Payment Terms and how to negotiate them to increase cash flow, reduce your risk, and gain leverage if problems arise”
BEWARE: a major economic event may delay your China shipments in September
DELAYS are one of the biggest nightmares that we deal with in sourcing. Any time your order is late, you not only lose time but also money and sales. In China, there is a huge upcoming economic event that hasn’t gotten much coverage from the Western press that has potential to cause delays and disruption to your upcoming … Continue reading “BEWARE: a major economic event may delay your China shipments in September”
The impact of typhoons and summer heatwaves on sourcing from China
While many of you have enjoyed a summer getaway to beat the heat and escape your daily grind, China manufacturing continues to churn away. Factories continue to churn out orders so long as there is business to do and money to be made. However recently some of you may have noticed slower response times from suppliers … Continue reading “The impact of typhoons and summer heatwaves on sourcing from China”
“Secrets of Successful Sourcing” Masterclass: How to find the right supplier from China
I’m very thankful for the opportunity to host a webinar with Junglescout’s Greg Mercer and Gen Furukawa this week. We covered four key areas of sourcing: Chinese cultural and value differences and “Guan Xi”: It’s a relationship business Supplier selection strategy – First cast a wide net then go deep sea fishing Negotiations – You get what you pay … Continue reading ““Secrets of Successful Sourcing” Masterclass: How to find the right supplier from China”
Gary will be hosting a “Secrets of Successful Sourcing” webinar with Junglescout on June 13th at 4pm PST
Exciting news – I’d like to invite you to a free LIVE webinar on the “Secrets of Successful Sourcing” which I’m hosting with Junglescout’s Greg Mercer and Greg Furukawa on Monday June 13th at 4pm PST. This is the first time I’ve ever done this LIVE where I will walk you through the entire sourcing process … Continue reading “Gary will be hosting a “Secrets of Successful Sourcing” webinar with Junglescout on June 13th at 4pm PST”
5 Seller Secrets to Cut Your Sourcing Costs and Stay Ahead of your Competition
If you’re selling on Amazon or eBay you know that just competing on price is challenging. But I’d like to share some secrets I’ve learned managing multimillion dollar sourcing campaigns for my clients. One of the best ways to maximize your margins is to CUT YOUR SOURCING COSTS. In other words PURCHASING FOR LESS will give you more room to … Continue reading “5 Seller Secrets to Cut Your Sourcing Costs and Stay Ahead of your Competition”
Quality problems with your Chinese supplier? How to arrange a pre-shipment inspection to improve quality, reduce customer returns, and avoid getting suspended by Amazon
Recently I listened to an interesting podcast from Scott Voelker aka “The Amazon Seller”. He shared a story about a quality problem with one of his Amazon products which led to a SUSPENSION. The problem was with with his bundled product. Apparently “some of his products were missing pieces and the customers were returning them”. Well Amazon noticed the … Continue reading “Quality problems with your Chinese supplier? How to arrange a pre-shipment inspection to improve quality, reduce customer returns, and avoid getting suspended by Amazon”
How to attend a trade show like a pro: Finding the right suppliers, Asking the right questions, and Getting the right Product
We are officially in the middle of trade show season. Whether you are attending the Canton Fair or smaller regional trade shows, here is how to attend a trade show like a pro to find the right suppliers, ask the right questions, and find the right product at the right price. If you want to cut to the … Continue reading “How to attend a trade show like a pro: Finding the right suppliers, Asking the right questions, and Getting the right Product”