Want to experience the blissful process followed by TradeImeX Info Solution Pvt. Ltd. to identify potential suppliers and buyers for your business? Refer to this ultimate resource guide and master the exotic sourcing strategies today.
TradeImeX info solution Pvt. Ltd. has unlimited insights in its bucket about import export data, global data, the flow of goods, etc. If you are also worried about how to fetch new suppliers and buyers, it’s the right time that you should start your tour to explore the process mentioned below. This process is used by most of our customers to locate new or alternative sources of goods.
Before starting to find suppliers and buyers in the market, we first hit that market/country which is looked at by the client for starting import and export of his products.
After spotting the correct market, the next step that you should follow to fetch new suppliers and buyers is to determine the global trend of a commodity in the market. You must study which country is the biggest importer and exporter of the commodity in which you deal and then start targeting the suppliers and buyers in those countries. (Example: Vietnam exports/imports of crude oil, 2020 vs 2021.)
After doing the market trend analysis, it’s the right time to start spotting some new or old suppliers and buyers prevailing in the market. (Example: Top furniture suppliers and buyers in Philippines, 2021).
After you spot all the potential suppliers and buyers for your business, now you must select the best out of those and eliminate the rest. For this, you must now study the shipment data and global trade data about each supplier and buyer and then select the best out of them.
After performing a quick analysis of shipment and global trade data, it’s time to eliminate the suppliers and buyers from those countries whose statistics are not acceptable. On this basis, we help to find suppliers and buyers from only surplus and growing countries.
According to us, the best middleman is the one who is from an emerging country and promotes supply and demand chain flexibility. This is because, if the supplier or buyer is from a growing country, then it will open new avenues for you in diversifying your chains. This step helps to further narrow our research which makes it easy to reach potential suppliers and buyers.
One of the most important steps in selecting the best supplier and buyer for your business is to do a landing cost analysis. It is done by calculating the business benefits of one unit or produce with another business through the custom database. Just enter a few details about each factory unit like country of origin, transportation mode, duty rates levied on each product, tariff treatment, and much more.
In the end, when we have a list of the best prospects for you across the world, we perform the last screening test. Under this screening test, we further filter down the list and fetch only the best ones for you so that you can comfortably carry your trade further without any lag. We are committed to providing the best list of suppliers to our clients.
Finding initial suppliers and buyers for your business is very cumbersome and a very time-consuming process. To ease your work, we are here to help you. To find out how we will help you, feel free to contact us anytime and our experts will be there in a short while to assist you further.
The above-mentioned steps are those, that we follow to fetch new and potential suppliers and buyers for your business. We guarantee you that if you are really interested in diving deep into the international trading business, then these points that we mentioned will be very helpful for you to get your first/initial prospects. Apart from these points, we also help to make marketers aware about: How to identify HS codes of each product, and The potential countries where their products have huge markets and from where they can procure products at much cheaper rates by sharing import export data and other insights about those countries.