Webinar Notes: The Ultimate Secret in Finding the Best Suppliers on Alibaba and Beyond
Introduction
- Host: Yuping Wang
- Focus: Finding reliable suppliers on Alibaba and beyond.
- Target Audience: Amazon FBA sellers, entrepreneurs scaling up, any importer.
Webinar Agenda
- Discuss why most people struggle.
- Discover the secret to finding good suppliers (Yuping's Alibaba strategy).
- Live supplier research on Alibaba.
- Post-supplier finding steps.
- Revolutionizing your sourcing game.
Common Challenges in Finding Suppliers
- Overwhelm: Too many choices on Alibaba.
- Communication Barriers: Language issues leading to misunderstandings.
- False Promises: Some suppliers misrepresent their reliability.
Real Problems
- Finding a trustworthy supplier is a daunting task without the right knowledge or techniques.
Solutions and Good News
- Gain a tried-and-true strategy to evaluate Alibaba suppliers.
- Boost confidence with insider tips and best practices.
- Access a proven sourcing system to protect your investment.
Presenter Background
- Over 20 years of experience in sourcing.
- Known for relationship building and negotiation.
- Founder of Sourcing Warrior, providing sourcing courses.
The TLC Strategy
- T - Trustworthy: Ensure the supplier can be trusted.
- L - Legit: Verify the legitimacy of the supplier.
- C - Competency: Check if the supplier can deliver quality products.
Mistakes to Avoid During Supplier Research
- Don't overly analyze listed prices.
- Negotiate minimum order quantities (MOQ).
- Avoid clicking on product images as clickbait.
- Focus on becoming a supplier research master, not an Alibaba feature master.
Live Supplier Research Tips
- Sort by Suppliers: Start by sorting suppliers instead of products.
- Search Examples: Demonstrated using "hard wax beans".
- Verification: Look for "Trade Assurance" and "Verified Supplier" badges.
- Supplier Evaluation: Prefer suppliers with a minimum of 5 years and 100 employees.
Location Importance
- Evaluate based on supplier location for quality and consolidation benefits.
Supplier Profile Evaluation
- Building and Equipment: Key assets to assess.
- SGS Report: Use it to verify equipment and employee structure.
Product Collection
- Look for both product breadth and depth for specialization and variety.
Trustworthiness
- Sign "NDA, Non-compete, Non-circumvent" agreements to protect IP.
Sourcing Warrior Mastermind Course
- Offers templates for RFQs, and NDA agreements in English and Chinese.
- Includes a negotiation module.
- Course price: Special offer at $497.
Conclusion
- Offer valid today only with a 30-day money-back guarantee.
- Emphasized importance of skill and knowledge in business success.
These notes provide a comprehensive overview of the key points discussed during the webinar, aiding in understanding and applying the strategies shared by Yuping Wang for successful supplier sourcing on Alibaba and beyond.