Keith Gilabert, "How to safely buy products made in China?"
by keithgilabert, Window Shopper
- Created: February 23, 2013, 10:39 am
I often get asked, "how do I safely buy products made in China?" The biggest risk in buying from China is not losing your money but it's getting inferior products. There are 3 main areas I focus on: 1. Integrity and business ethics - A company needs a good reputation or I'm not talking to them. 2. Financial capability - When buying from China do it with a Letter of Credit. There will be no out of pocket money and the manufacturer needs to deliver the goods as described before they get full payment from the bank. 3. Experience and Performance Capability - This is especially important if you are importing toys or food service related products. There are testing requirements that are very expensive and it is important that the manufacturer is fully compliant or you may lose your goods to US customs. I hope this helps in mitigating your losses when purchasing from overseas. Thank you, Keith
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