How to Find Product Suppliers - Watch Out for This - Zignify

00:00 Sebastian Hertz, co-founder of Zignify Global Product Sourcing
00:22 Finding Suppliers in China
00:31 Alibaba
00:32 1688
00:40 Global Sources
00:42 Europages
00:45 Wer liefert was (German)
00:46 Aliexpress
00:51 Finding Suppliers in Social Media Platforms
01:00 Google Search
01:04 Baidu - Chinese version of Google
01:22 Get enough proposals for best prices
01:36 Being persistent in getting the right suppliers
02:10 Sending proposals to potential suppliers
02:16 Why do you need to have lots of proposals
02:50 What to watch out for
03:07 Check each supplier’s prices
03:30 Getting rid of trading companies
04:01 Background check every suppliers
04:05 Things to consider when choosing suppliers
04:38 A bad web page doesn't mean it's a bad company
05:06 Power of referrals!
05:25 Flexibility in communication
06:48 Being extra cautious
07:11 Check for licenses and certificates
08:21 When working with sourcing agent / company
09:22 Bribes
09:59 Offer vs reality and production
10:40 Do quality control
11:38 Where are the products being really produced
12:18 Don’t marry a stranger, be prepared
12:27 Do not do a 100% payment upfront
12:39 MOQ and payment terms

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