Sourcing 101

If you own a small business and are ordering products from China, you will need to pay for those products.  The easiest way to do so is transfer money.  The rise of the Internet and money exchange makes it quick and easy to do so.  Sourcing Nova has compiled this guide for you to send money to China.  Enjoy the read.

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There is one big drawback to selling on Amazon – your customers cannot touch the products.  50 percent of people who shop online feel this way, and this is 50 percent of your customer base.

Amazon does what it can to make the products available as attractive as possible to its customers.  This way shoppers see the products and convert.

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MOQ Definition

By now, as a frequent visitor and customer with Sourcing Nova, you should have a solid understanding of what MOQ means and, more importantly, how it matters with your business.  This is yet another acronym in a sea of acronyms necessary when sourcing products from China.

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Sourcing Nova is in China, and we work specifically with Chinese manufacturers.  There are close to three million factories in China, although we freely admit not to work with all of them.  We have taken great effort to narrow down our factories and manufacturers to the best of the best in the products our customers want and are always ready to find new manufacturers for products you are interested in carrying.  Our goal now is to show you how shipping from China to the U.S. functions.

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Private label manufacturers take a product that is in current circulation and customize that product in some way to the specifications of the buyer.  The buyer then designs a package for the product and sells the product under their name.

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Selling on Amazon is a powerful way to create a stream of passive income.  Think about it: If you are interested in breaking into buying and selling, there is no better place than Amazon to get started with a new business.  However, you do need to know how to find products to sell on Amazon.  Sourcing Nova has prepared this piece for you to do that very thing.

Amazon commands a 50 percent share of the online marketplace globally, and approximately 50 percent of the purchases made on the site come from third-party sellers.  This means there is a large opportunity to be found – provided you are willing to do some work for it.

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