Hello Boss,do you have these issues? Want better prices but don’t know how to negotiate? Paying too much to middlemen? Looking for lower factory prices?High shipping costs eating into your profit? Want to combine orders to save freight?
A professional medical sourcing agent can help you solve the above problems. Let me show you how we can reasonably reduce your costs.
How do Yiwu agents reduce product costs?
1.Find the origin of the goods
After receiving product photos from the client, we first locate the product’s industrial cluster. For example, bags and luggage are mostly concentrated in Baoding, Hebei, and Guangzhou, Guangdong, while plastic storage boxes are mostly concentrated in Taizhou, Zhejiang, and Jieyang, Guangdong. Then, we find 3-5 factories in the industrial cluster, compare prices, and then provide a quote to the client.
2.How Quantity Affects Price
If the customer is not satisfied with the price, we will suggest that they increase the quantity and then negotiate with the factory. The factory will usually agree to a price reduction for orders of 50/100 boxes or more per style. If the customer is still unwilling to increase the quantity, we will recommend similar styles from our inventory.
3.Deal with Our Factory
If a customer insists on a smaller quantity even after meeting the factory’s minimum order quantity, we will suggest that the customer agree to have the factory use lower-cost materials for production, provided that the use and functionality are not affected.
How do Yiwu agents reduce transportation costs?
1.Help Customers Meet the Minimum Order Quantity
For stores in the Yiwu market, each store has its own minimum order quantity. If the minimum order quantity is not met, additional shipping fees will be charged. In this case, customers can select more products to reach the minimum order quantity, thus avoiding extra shipping fees.
2.Consolidate Goods in One Warehouse
If the factories placing orders are not in the same city, you can find a purchasing agent to help receive the goods and centralize them in a single warehouse. This avoids having to transport containers to different factories for loading, saving on trucking fees and time.
3.Choose the nearest port
Customers who purchase a full container from the same factory can have their containers loaded directly at the factory warehouse, choosing a port close to the factory to save on inland freight charges.
4.Choose a cheaper shipping method
For international shipping, sea freight is cheaper than air freight. If the product is not urgently needed or is small in size, weight, or quantity, choose sea freight whenever possible. Sea freight rates are relatively cheap in February and March, so you can choose to ship during this period. Try to avoid shipping around the Chinese New Year, as shipping space is tight and prices are high at this time.
2 Yiwu Agent Saving Tips
1.For countries like Peru and Chile that have free trade agreements with China, import tariffs can be reduced by issuing certificates of origin.
2.For clients who work with purchasing agents, negotiating payment methods with the agents to reduce commissions is a way to lower costs. For example, paying a larger deposit and less commission, or paying the full amount before shipment and less commission, are all methods to reduce commissions.
