| World is flattening and the markets all over the world | | | | Multi national corporations and large business houses |
| have truly transformed into Global Markets, unlike the | | | | often have abundant resources as well as overseas |
| situation which prevailed about 2 decades ago | | | | offices to support their Global Sourcing needs and |
| somewhere around cold war period when there were | | | | operations whereas for smaller companies and |
| only Developed Countries (US and other Western | | | | individual traders resources are usually limited. In order |
| Countries) and Developing Countries. (China, India and | | | | to overcome this limitation they have to either stay |
| other Eastern Countries) The developing countries | | | | at home or venture out of their home countries to |
| were not participating in the Global Trades primarily | | | | carry out Global Trade. To Make Money Sourcing |
| due to inherent trade policy restrictions whereas now | | | | from China has become comparatively easier due to |
| the situation has drastically changed and China from | | | | technological innovations in the communications and |
| amongst the other countries has literally become a | | | | data exchange fields. You are no more required to |
| leader in the Global Trade offering low cost | | | | visit China and you can trade through Internet |
| attractions be it raw or finished materials or finished | | | | thereby saving on huge overhead costs. China has |
| goods and its popularity is well accepted by the | | | | established itself as a true low cost option which is a |
| world. | | | | very important objective in any Global Sourcing |
| Prima-Facie to Make Money Sourcing from China | | | | strategy. Besides cost savings, it helps you to sustain |
| sounds rather difficult task whereas in reality it is not | | | | a competitive edge amongst your peers, improve |
| so, provided you have done your home work | | | | your mark up and achieve steady growth in your |
| thoroughly. Home work essentially involves strategic | | | | business. The Internet acts as a succor against |
| studies of Global Markets, your own outlook and | | | | hassles of travels to China and many other difficulties |
| perception of your potential business whether as an | | | | which may pose in front of you right from the |
| importer or exporter or manufacturer exporter, | | | | language itself which is one of the main hurdles. You |
| various products and its details, your finances and | | | | are no more dependent upon wholesalers for |
| other resources and most importantly your own | | | | sourcing the products from China and at the same |
| assessment of where you stand in your business | | | | time you save a lot on mark up of wholesalers by |
| vis-à-vis your competitors. | | | | meeting your sourcing requirements through Internet. |