Global From Asia Episode 7: Sourcing Consumer Electronics From China, on the Ground Experience with Attila

24th January 2018

Attila Sourcing Consumer Electronics China

This week's episode is with Attila who has tons of experience doing business buying electronics accessories and components in China. He will go through his first hand experiences and recommendations for those buying electronics accessories from China.

Topics Covered in this Episode

  • Intro
  • the manufacturing in China mindset
  • Accepting dinners from Chinese factories
  • Its not about “Anti-China”, its about cutting out the middleman and finding the source
  • Discussing the electronics industry vs home and gifts industry
  • finding and verifying suppliers
  • Is it about finding the components, or the finished goods final factory?
  • Electronics market in Shenzhen, components breakdown, quality.
  • Various warranty offers small to larger factories offer
  • dealing with engineers to design the product
  • The basic flow to designing your own product in China
  • pricing – tactics for negotiating and calculating the price
  • MOQ – is it true?
  • Differences in negotiating when the factory has pre-existing inventory (stock)
  • ordering samples
  • Testing samples and production runs, tactics for maximizing time for quality.
  • Different contracts used for purchasing from the factory
  • payment methods used – for different order sizes
  • Tips for smaller orders
  • buying when not able to go to the factory or able to visit China
  • the 2nd and 3rd orders, dealing with the ongoing process
  • Dealing with price increases as time progresses
  • Treating the factory as your long term partner to make win-win cooperation

People / Companies / Resources Mentioned in this Episode

MOQ = Minimum order quantityBOM = bill of materials (what components are inside the finished product)LC = letter of credit (payment method, rather complex and for larger sized orders)BL = Bill of Lading (document of ownership when a shipment is in transit internationally)Western UnionPaypalContacting Attila – attila @ attila.com

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