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Small Initial Orders
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When making stock purchases try to buy in as small quantities as possible, even if this means
the unit cost is a little higher. Ignore the suppliers MOQ’s (Minimum Order Quantities) most suppliers will fall over themselves to make a sale. Initially, order between 5–10 units, this will allow you to test the market. Even if the product sells really well, always buy as few units as possible, the money is much better in your deposit account.
We use several Chinese suppliers who can turnaround an order in as little as four days.
We can make an order in China on Thursday and ship to our customers on Tuesday/Wednesday the next week. It’s good to
fulfill your orders quickly, customers love placing orders one day and receiving their goods the next. However, if you do come unstuck and run out of stock, 3-4 days is not considered an unreasonable internet
fulfillment timescale.
This is also important because when you purchase from Asian suppliers they will expect payment up-front. When dealing with a new supplier a small initial order will allow you to test the legitimacy of the supplier without committing large sums of money. That said, in the literally thousands of overseas purchases
we have made, we have only been caught out by a company not sending the goods on a couple of occasions.
In general you will find the Chinese, Korean, Taiwanese and Hong Kong markets to be very
honorable. We purposely do not trade with some countries as certain markets are known to be very corrupt. For legal reasons
we will not be specific, but with just a little research you should be able to identify the worst culprits. So be careful, always do your research and keep your initial orders small.
Small initial orders also allow you to test the quality of the merchandise. Although rare, sometimes the quality of the goods may not be up to standard. When this happens it’s not usually worth sending the goods back to the supplier.
We always include a ‘special offers’ or ‘ex-demonstration’ section on
our websites, where, as long as you’re really honest about the capabilities and condition of the goods, you can recoup your investment and often make a tidy profit.
Continue to Pre
and After Sales Support
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