{"id":7906,"date":"2021-06-30T02:26:00","date_gmt":"2021-06-29T18:26:00","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=7906"},"modified":"2021-06-30T16:38:26","modified_gmt":"2021-06-30T08:38:26","slug":"how-to-find-manufacturers-suppliers","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/tips\/how-to-find-manufacturers-suppliers\/","title":{"rendered":"How To Find Manufacturers or Suppliers in 2021"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7906\" class=\"elementor elementor-7906\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ee4eb8d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ee4eb8d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-658c5d7\" data-id=\"658c5d7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf3c666 elementor-widget elementor-widget-heading\" data-id=\"bf3c666\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Introduction\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d816f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d816f4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-404ee30\" data-id=\"404ee30\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa59538 elementor-widget elementor-widget-text-editor\" data-id=\"fa59538\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You have your product idea. Now, how to find manufacturers or find suppliers to give you that?<\/span><\/p><p><span style=\"font-weight: 400;\">When starting a business, <\/span><a href=\"https:\/\/research.hktdc.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">you may have brainstormed some ideas of your own<\/span><\/a><span style=\"font-weight: 400;\">, like capitalizing on one of the many in-demand products already on the market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Traders will find themselves stuck when it comes to actually source the products. When you plan on manufacturing something of your own, or look to find suppliers for wholesale purchase, <\/span><a href=\"https:\/\/newsbites.hktdc.com\/trending-products-google-trends-find\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">it\u2019s not always easy to find good products<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">To help you find manufacturers or find suppliers, this post will cover the basics. We\u2019ll provide you with all the ideas for some places to search. This includes the tactics for you to approach suppliers and what you will need to ask when developing a product for your<\/span><a href=\"https:\/\/newsbites.hktdc.com\/the-post-pandemic-world-digital-adoption-and-market-diversification\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> eCommerce business<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-801ca27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"801ca27\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66c7e83\" data-id=\"66c7e83\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b93e17 elementor-widget elementor-widget-heading\" data-id=\"5b93e17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is a manufacturer a supplier?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ba7a88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ba7a88\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bfd1b73\" data-id=\"bfd1b73\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6748b34 elementor-widget elementor-widget-text-editor\" data-id=\"6748b34\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Suppliers and manufacturers work synonymously. When we refer to suppliers, we\u2019re referring to anyone that will supply you with products and inventory. This shares the same definition as manufacturers, wholesalers, and distributors.<\/span><\/p><p><span style=\"font-weight: 400;\">There are a ton of <\/span><a href=\"https:\/\/www.shopify.com\/blog\/13975985-how-to-find-a-manufacturer-or-supplier-for-your-product-idea\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">helpful resources<\/span><\/a><span style=\"font-weight: 400;\"> online that you can Google on the internet. Before you start to find manufacturers, there are a few crucial things you need to know and decide on.<\/span><\/p><p><span style=\"font-weight: 400;\">To begin with, you have to figure out what type of supplier you\u2019re looking for. Understanding the supplier type you need will guide your research. There are several supplier options, the most common being:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A manufacturer who executes the production of your own product\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A supplier (who may also be a manufacturer), wholesaler, or distributor who purchases products of already-existing brands and items that support your requirements\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A dropshipper that supplies products and fulfills orders of already-existing brands and products<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-76e8155 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"76e8155\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-09c22a3\" data-id=\"09c22a3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-00af82f elementor-widget elementor-widget-heading\" data-id=\"00af82f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Domestic Vs. Overseas Manufacturers\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d8b448 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d8b448\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fe8cdf6\" data-id=\"fe8cdf6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-87d61a6 elementor-widget elementor-widget-text-editor\" data-id=\"87d61a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">One of the first vital decisions you\u2019ll have to make when producing your product is whether you\u2019ll manufacture locally or outside your country.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Manufacturing outside your country would refer to the outside (but commonly amongst other Asian) countries such as <\/span><a href=\"https:\/\/research.hktdc.com\/en\/guides-and-resources\/business-guides\/china\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">China<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/research.hktdc.com\/en\/guides-and-resources\/business-guides\/india\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">India<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/research.hktdc.com\/en\/guides-and-resources\/business-guides\/vietnam\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Vietnam<\/span><\/a><span style=\"font-weight: 400;\">. These countries are known to have relatively lower manufacturing costs.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">However, low-cost manufacturing isn\u2019t exclusive to Asia. There are affordable manufacturers across Latin America, Eastern European, and African countries as well.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The product you want to manufacture will be affected by location options. Some products can be easier and cheaper to produce in certain parts of the world. This depends on the source of raw materials, expertise and such.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Before you start to find manufacturers or find suppliers, there are many <\/span><a href=\"https:\/\/www.wix.com\/blog\/ecommerce\/2020\/10\/find-manufacturers\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">considerations<\/span><\/a><span style=\"font-weight: 400;\"> that need to factor in. Both domestic and overseas manufacturing have their advantages and disadvantages:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8450bdf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8450bdf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fb5331f\" data-id=\"fb5331f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d00ceb5 elementor-widget elementor-widget-heading\" data-id=\"d00ceb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Advantages of Domestic Manufacturing<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bcad02 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bcad02\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0361b7d\" data-id=\"0361b7d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c5b024 elementor-widget elementor-widget-text-editor\" data-id=\"1c5b024\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Higher manufacturing quality\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easier to communicate<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Can do on-site visits more frequently<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturers can be easily verified<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cheaper and faster shipping<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improved labour, ethical and environmental standards<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Greater security regarding payments and intellectual property<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Locally manufactured products have an increased marketing appeal<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High intellectual property right protection<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Greater payment security and recourse<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31e9da5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"31e9da5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1a70dc6\" data-id=\"1a70dc6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f51848 elementor-widget elementor-widget-heading\" data-id=\"6f51848\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Disadvantages of Domestic Manufacturing\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ab74c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ab74c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b7e28f2\" data-id=\"b7e28f2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f1d7a01 elementor-widget elementor-widget-text-editor\" data-id=\"f1d7a01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturing costs are usually higher<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fewer manufacturers to choose from<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited product options (Some manufacturers don\u2019t manufacture products in Asia at all) <\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e8db61 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e8db61\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50ed4cc\" data-id=\"50ed4cc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0798e31 elementor-widget elementor-widget-heading\" data-id=\"0798e31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Advantages of Overseas Manufacturing \n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b1b2ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b1b2ed\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1986304\" data-id=\"1986304\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-32daf62 elementor-widget elementor-widget-text-editor\" data-id=\"32daf62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lower manufacturing costs<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A higher number of manufacturers to choose from<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">One-stop services like Alibaba have made it easy to find suppliers<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bebce52 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bebce52\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20e8c35\" data-id=\"20e8c35\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f7145a elementor-widget elementor-widget-heading\" data-id=\"4f7145a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Disadvantages of Overseas Manufacturing \n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73c56a3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"73c56a3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05401c7\" data-id=\"05401c7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7889ba1 elementor-widget elementor-widget-text-editor\" data-id=\"7889ba1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Products may be of lower quality and harder to verify beforehand<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Language, time zone and cultural barriers affect communication<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficult and expensive to visit manufacturing site<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shipping may be more expensive and take longer<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Less security and legal recourse regarding payments and intellectual property<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Importation and customs laws can be tricky<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lower labour, ethical and environmental standards<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Less overall oversight<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-68d3902 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"68d3902\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e6b4afe\" data-id=\"e6b4afe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-00b11b1 elementor-widget elementor-widget-heading\" data-id=\"00b11b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Crosscheck Your Manufacturer\u2019s Quality\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e70cb60 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e70cb60\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f9e7643\" data-id=\"f9e7643\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dbe3a78 elementor-widget elementor-widget-text-editor\" data-id=\"dbe3a78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">One common fear that small business owners have is the factory\u2019s credibility and final product quality. This is especially true in the context of manufacturing a product for the first time\/ It\u2019s a normal situation that shouldn\u2019t be a surprise. Working with less experienced manufacturers can bring harm to your business,\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Once you have a list to find suppliers, identifying their credibility and ensuring their quality for good manufacturing is the next step. It\u2019s important to properly inspect all your options before coming to a decision. As you find manufacturers, anything that looks suspicious should definitely be cut off.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-40b946c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"40b946c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-904dd61\" data-id=\"904dd61\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-01ef8fa elementor-widget elementor-widget-heading\" data-id=\"01ef8fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Looking for reviews or endorsement\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-91c5340 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91c5340\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-428ea3a\" data-id=\"428ea3a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53b5db0 elementor-widget elementor-widget-text-editor\" data-id=\"53b5db0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Finding out the reputation of a business place starts from reviews. However, reviews are not always available or easy to discover.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Looking up the supplier in various directories is a great lead. When you find your manufacturer on any a paid directory websites, such as <\/span><a href=\"https:\/\/sourcing.hktdc.com\/?ref_source=newsbites\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">hktdc.com Sourcing<\/span><\/a><span style=\"font-weight: 400;\">, Alibaba.com, or AliExpress, it will be quick to find.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-982a751 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"982a751\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-36f39bf\" data-id=\"36f39bf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-797d7da elementor-widget elementor-widget-image\" data-id=\"797d7da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sourcing.hktdc.com\/\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"330\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/sourcing-hktdc-verified-supplier-reliable-600x330.jpg\" class=\"attachment-medium size-medium wp-image-7909\" alt=\"sourcing-hktdc-verified-supplier-reliable\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/sourcing-hktdc-verified-supplier-reliable-600x330.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/sourcing-hktdc-verified-supplier-reliable-1024x564.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/sourcing-hktdc-verified-supplier-reliable-768x423.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/sourcing-hktdc-verified-supplier-reliable-1536x846.jpg 1536w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/sourcing-hktdc-verified-supplier-reliable.jpg 1999w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">See hktdc.com Sourcing\u2019s Verified Partners section for leads to quality products<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f36865f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f36865f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a735bca\" data-id=\"a735bca\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9962799 elementor-widget elementor-widget-text-editor\" data-id=\"9962799\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The factory\u2019s respective website may also have reviews. While they are likely only to contain positive reviews, you may be able to find and reach out to other customers of theirs to inquire about their experience personally.<\/span><\/p><p><span style=\"font-weight: 400;\">Last but not least, the manufacturer\u2019s social media accounts are a reliable place to see customer\u2019s reviews. You may be able to find reviews or random posts that can shed extra light on the supplier.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea86afa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ea86afa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bb9a7b9\" data-id=\"bb9a7b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66b1f46 elementor-widget elementor-widget-image\" data-id=\"66b1f46\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"600\" height=\"337\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/hktdc-verified-partner-600x337.jpg\" class=\"attachment-medium size-medium wp-image-7910\" alt=\"hktdc-verified partner\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/hktdc-verified-partner-600x337.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/hktdc-verified-partner-1024x575.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/hktdc-verified-partner-768x431.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/hktdc-verified-partner-1536x863.jpg 1536w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/hktdc-verified-partner.jpg 1999w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">\u201cVerified Supplier\u201d can be your priority supplier when there are too many options<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-699f6af elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"699f6af\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a9f9b0d\" data-id=\"a9f9b0d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d03fac2 elementor-widget elementor-widget-heading\" data-id=\"d03fac2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Inquire about the experience with your type of product\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f6d44a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f6d44a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-809406f\" data-id=\"809406f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6737839 elementor-widget elementor-widget-text-editor\" data-id=\"6737839\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When research is done, you should be ready to approach your next potential manufacturers.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You will want to be sure of their capabilities of manufacturing your product. Inquire about their experience with similar products and ensure that they can fulfill your requirements.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Your potential manufacturer may be able to refer you to satisfied customers of theirs. Don\u2019t be shy when it comes to asking questions. Speaking to as many people as possible and get the best idea of what that manufacturer is capable of. That way you would be in the know for your competition.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aef6e89 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aef6e89\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b0f628f\" data-id=\"b0f628f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-23d5207 elementor-widget elementor-widget-heading\" data-id=\"23d5207\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ask for a copy of business license from the manufacturer\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0870a93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0870a93\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c56ca9d\" data-id=\"c56ca9d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42613b1 elementor-widget elementor-widget-text-editor\" data-id=\"42613b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Acquiring a copy of your manufacturer\u2019s license will help you understand the important pieces of information for your business:\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You will discern whether they are a legitimate business with proper credentials. This may sound extreme; but is especially crucial for overseas relationships.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Most business licenses will include their scope of operation. This involves a range of activities the business is legally allowed to participate in.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Business licenses will also have additional information on the manufacturer, such as a license number. You can use this to do some more in-depth online research if you\u2019re still skeptical about them. Other certification may be needed for the types of products to be sourced. Do consult the relevant government departments or testing\/certification companies for more information.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a1d4b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a1d4b7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d872f74\" data-id=\"d872f74\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eeee3c1 elementor-widget elementor-widget-heading\" data-id=\"eeee3c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Request product samples\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-639ad6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"639ad6a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0ae3c50\" data-id=\"0ae3c50\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-191336e elementor-widget elementor-widget-text-editor\" data-id=\"191336e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When you find that one reputable manufacturer, you need to ensure the quality of the product you want to produce before you make the order. Requesting a product sample occurs in this step.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Misinterpretations can often happen in the real manufacturing process. Your product\u2019s design can be unfilled, incomplete or even be produced poorly depending on the factory. Sometimes they might even take liberties on design decisions.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">It\u2019s much safer to discover these problems by requesting a product sample, over having a full batch of poorly-produced products that cannot even be up for sale.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3fdca05 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3fdca05\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-051f6e4\" data-id=\"051f6e4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64b310b elementor-widget elementor-widget-image\" data-id=\"64b310b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"600\" height=\"314\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-reliable-quality-600x314.png\" class=\"attachment-medium size-medium wp-image-7914\" alt=\"Manufacturer-supplier-reliable-quality\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-reliable-quality-600x314.png 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-reliable-quality-1024x536.png 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-reliable-quality-768x402.png 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-reliable-quality.png 1200w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-98ed8d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"98ed8d6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8037a71\" data-id=\"8037a71\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e32a81f elementor-widget elementor-widget-heading\" data-id=\"e32a81f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Request a Quote<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8c0ff3d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8c0ff3d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35035eb\" data-id=\"35035eb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bb99dc elementor-widget elementor-widget-text-editor\" data-id=\"5bb99dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When you secure a few manufacturers, you can start requesting formal quotes.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">There are a few vital pieces of information you need to make sure you receive:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Price per unit<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Turnaround time<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment terms<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimum order quantity<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7deefe2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7deefe2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-538ebce\" data-id=\"538ebce\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e3cfe2 elementor-widget elementor-widget-heading\" data-id=\"3e3cfe2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Price per unit\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc754b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc754b4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ae322cb\" data-id=\"ae322cb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72abb02 elementor-widget elementor-widget-text-editor\" data-id=\"72abb02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The price per unit is extremely important. It is the basis of your expenses and has a huge effect on your profit margins.<\/span><\/p><p><span style=\"font-weight: 400;\">Be sure to inquire about prices for different order sizes as well. Ordering 100 units and ordering 10,000 units will likely result in wildly different fees. You will need to manufacture your products in the most cost-effective way possible, so secure the estimates of those prices beforehand.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9ad4308 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9ad4308\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-70a3fb3\" data-id=\"70a3fb3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aeaaaa8 elementor-widget elementor-widget-heading\" data-id=\"aeaaaa8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Turnaround time\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-109e159 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"109e159\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3643df1\" data-id=\"3643df1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff120db elementor-widget elementor-widget-text-editor\" data-id=\"ff120db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This refers to the time it takes to manufacture your order. Be sure to ask about the duration for different bulk sizes. Knowing this will help ensure you better manage your inventory during seasonal shifts in the market.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-261191d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"261191d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c1c2c83\" data-id=\"c1c2c83\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c4de1b elementor-widget elementor-widget-heading\" data-id=\"3c4de1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Payment terms\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b85cba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b85cba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d25329\" data-id=\"5d25329\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d6bf41 elementor-widget elementor-widget-text-editor\" data-id=\"7d6bf41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Payment terms can have an impact on your decision, especially when making large orders.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You will often only start generating income right after your products have arrived. Some manufacturers do allow you to pay through installments, and others will require full payment upfront.<\/span><\/p><p><span style=\"font-weight: 400;\">Be sure to know how you\u2019ll be paying before making an order.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f70d23a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f70d23a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6f4185\" data-id=\"a6f4185\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eacf277 elementor-widget elementor-widget-heading\" data-id=\"eacf277\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Minimum order quantity\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ec82814 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ec82814\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d47e13a\" data-id=\"d47e13a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffcac98 elementor-widget elementor-widget-text-editor\" data-id=\"ffcac98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It is a common misconception that the most important thing is manufacturing price. In fact, it is very critical to find out the minimum order quantity over anything.<\/span><\/p><p><span style=\"font-weight: 400;\">When you find manufacturers, this number varies. You may find some factories\u2019 minimum order to be too large scale for you.<\/span><\/p><p><span style=\"font-weight: 400;\">Make sure you can handle the minimal quantity, or move on and find other suppliers.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8b39510 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8b39510\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e88db7\" data-id=\"5e88db7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a059e0e elementor-widget elementor-widget-image\" data-id=\"a059e0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"314\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-quote-moq-2-600x314.png\" class=\"attachment-medium size-medium wp-image-7918\" alt=\"Manufacturer-supplier-quote-moq\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-quote-moq-2-600x314.png 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-quote-moq-2-1024x536.png 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-quote-moq-2-768x402.png 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2021\/05\/Manufacturer-supplier-quote-moq-2.png 1200w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d10158e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d10158e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22a95f1\" data-id=\"22a95f1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-481f197 elementor-widget elementor-widget-heading\" data-id=\"481f197\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tips for negotiating lower MOQs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0c58f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0c58f3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8d7e40\" data-id=\"b8d7e40\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffd4256 elementor-widget elementor-widget-text-editor\" data-id=\"ffd4256\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Being flexible in manufacturing with smaller quantities of goods and more cash will always be a safe route.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Here are some tips that may help you negotiate a lower MOQ.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c3d567 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c3d567\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bc897a7\" data-id=\"bc897a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb13c07 elementor-widget elementor-widget-heading\" data-id=\"fb13c07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Using Your Annual Forecasted Sales Quantity\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-be35dbf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be35dbf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-778ac26\" data-id=\"778ac26\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64ea095 elementor-widget elementor-widget-text-editor\" data-id=\"64ea095\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It\u2019s important to paint the bigger picture. Negotiate from the position of a head, structure how your business will entail in the coming year. This is where the strategy falls on how much you buy within a year.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Negotiating with an annual volume carries <\/span><b><i>two<\/i><\/b><span style=\"font-weight: 400;\"> powerful effects:<\/span><\/p><p><span style=\"font-weight: 400;\">1) It shows that you have done your homework and you have a PLAN to sell;<\/span><\/p><p><span style=\"font-weight: 400;\">2) The effect of an estimate using an annual figure will make the number look way more powerful<\/span><\/p><p><span style=\"font-weight: 400;\">For example, 1 month of estimated sales could be very close to 1 month of the actual sales.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">But 1 month of estimated sales x 12 could be much more than your actual annual sales.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Painting an annual volume picture with big bold brushes will secure you the best quote.<\/span><\/p><p><span style=\"font-weight: 400;\">Another tip is to take advantage of the window of opportunity. Negotiate with your supplier for a NEW product price. Nobody has a crystal ball to see the future. It\u2019s not lying &#8211; you are estimating from a business point-of-view.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The unit price negotiated based on the annual estimate will be better than the price negotiated on your first purchase quantity.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b110e94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b110e94\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2131bbe\" data-id=\"2131bbe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b8c95a5 elementor-widget elementor-widget-heading\" data-id=\"b8c95a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Leverage on Your Product Knowledge\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ce9ad6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ce9ad6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b235004\" data-id=\"b235004\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-809b663 elementor-widget elementor-widget-text-editor\" data-id=\"809b663\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you have the expertise and rather deep knowledge of your product, it\u2019s the perfect opportunity to use it as an advantage.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Share your background with the supplier so they know they can\u2019t fool you.<\/span><\/p><p><span style=\"font-weight: 400;\">Here\u2019s a warning for the product experts:\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Don\u2019t be misled by your own knowledge. If you ask your supplier, \u201cCAN you do this?\u201d, and all they say is \u201cyes\u201d &#8211; which is the case most of the time &#8211; it\u2019s actually not clear if they are telling the truth.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">It\u2019s not safe to assume that a supplier\u2019s direct \u201cyes\u201d is a true yes. Instead, you should frame your question to something like \u201cHOW do you do this \u2026\u201d, without properly disclosing your knowledge.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Your own knowledge is yours to keep; their capabilities are up to them. You need to let the supplier prove their abilities to you. Using your own knowledge is a leverage material, not something that should be used for training.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Here\u2019s a tip if you\u2019re not a product expert. Don\u2019t worry, you can educate yourself on the <\/span><a href=\"https:\/\/research.hktdc.com\/en\/data-and-profiles\/market-profiles\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">market trend<\/span><\/a><span style=\"font-weight: 400;\">, selling price range, material specifications, material price index and many more.<\/span><\/p><p><span style=\"font-weight: 400;\">Combining what you\u2019ve learned from the suppliers and your own research can quickly acquire a lot of knowledge. The more knowledge you can demonstrate, the more leverage you have.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf7eab1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf7eab1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-83e9760\" data-id=\"83e9760\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b0040f elementor-widget elementor-widget-heading\" data-id=\"5b0040f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Order at the Right Time\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fa22724 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa22724\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-951e406\" data-id=\"951e406\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2419229 elementor-widget elementor-widget-text-editor\" data-id=\"2419229\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Every manufacturer across all industries has his busy and slow times. If you are not playing the role of a huge client to a manufacturer, be a timely one. It\u2019s all about careful planning for when you place your orders.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">This can go a long way in reducing not only your order\u2019s MOQ, but also the price since it\u2019s a regular supply and demand. Be sure to avoid ordering around special holidays so you wouldn\u2019t be a tiny potato in a large field.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b8fe5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b8fe5a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-01a49e7\" data-id=\"01a49e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-06ac20b elementor-widget elementor-widget-heading\" data-id=\"06ac20b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Build Relationships\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba91457 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba91457\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7249a19\" data-id=\"7249a19\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-555cf33 elementor-widget elementor-widget-text-editor\" data-id=\"555cf33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Like every other business, building relationships is key. Manufacturers play a critical role in having your business move forward. Be sure to develop a strong working relationship.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">One advantage of working with experienced manufacturers and suppliers can lead to a long-standing kind, benefitting your business for the longer term.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">When establishing a good relationship, it can even help in the negotiation process. Leading to potential perks such as much lower MOQs, or easier prices that can simplify the production process even further.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b16789 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b16789\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6faaf6a\" data-id=\"6faaf6a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-535bd6a elementor-widget elementor-widget-heading\" data-id=\"535bd6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Conclusion\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-19aa244 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19aa244\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c134751\" data-id=\"c134751\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-064fc3b elementor-widget elementor-widget-text-editor\" data-id=\"064fc3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As entrepreneurs, capitalizing on one of the many in-demand products already on the market would require taking the right steps.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You\u2019ll need the right terminologies, tactics, and <\/span><a href=\"https:\/\/home.hktdc.com\/en\/success-stories\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">proper research<\/span><\/a><span style=\"font-weight: 400;\"> to keep yourself on the foot of the current supplier &amp; manufacturer market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">It starts with a decision on manufacturing locally or overseas. Before making that vital step, we need to make a comparison of their advantages and disadvantages, as described above.<\/span><\/p><p><span style=\"font-weight: 400;\">After that, you will need to verify the quality of these manufacturers. In particular, you want to find the right supplier for your business workflow.<\/span><\/p><p><span style=\"font-weight: 400;\">Then it goes to the negotiation stage. Ask for the right quotes through surveying the shortlisted suppliers. There are important terminologies to keep in mind, such as price per unit, turnaround time, payment terms and minimum order quantities.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">While negotiating, there are <\/span><a href=\"https:\/\/www.radsourcing.com\/blog\/how-to-negotiate-a-lower-moq\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">essential tips<\/span><\/a><span style=\"font-weight: 400;\"> to consider: presenting your annual sales forecast, using product knowledge as leverage, ordering at the right time and building relationships.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">With all these important factors, you will be on your way to playing a pivotal role in the manufacturing and suppliers industry as an entrepreneur.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Should you need further guidance, visit HKTDC for more in-depth <\/span><a href=\"https:\/\/research.hktdc.com\/en\/guides-and-resources\/business-guides\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">business guides<\/span><\/a><span style=\"font-weight: 400;\">. The wide array of country profile-based guides thoroughly covers the basics you must know before trading with suppliers from the respective countries, from custom regulations to payment methods.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Introduction You have your product idea. Now, how to find manufacturers or find suppliers to give you that? When starting a business, you may have &hellip; <\/p>\n","protected":false},"author":11,"featured_media":9137,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[292,293],"class_list":["post-7906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tips","tag-how-to-find-manufacturer","tag-how-to-find-supplier"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finding a Reliable Manufacturer or Supplier in 2021 with HKTDC<\/title>\n<meta name=\"description\" content=\"What is a manufacturer and a supplier? 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