Three Simple Ways How To Find Factories In China

Summary

In this video, Spencer from Solo Stove shares his expertise on finding the right factory in China for your online business. With 12 years of sourcing experience and having lived in China, Spencer offers three methods: using platforms like Alibaba, attending trade shows, and engaging US-based sourcing companies. He emphasizes evaluating suppliers, building relationships, and considering US manufacturers as an alternative. The video provides practical tips for entrepreneurs looking to manufacture products successfully.

Takeaways

• 🌐 Finding the right factory in China is crucial for the success of online businesses.
• 🏭 The speaker has extensive experience, having worked for a sourcing company and lived in China for nine years.
• 🔍 Three primary methods to find factories in China are discussed: online platforms, trade shows, and US-based sourcing companies.
• 📈 Online platforms like Alibaba, Global Sources, and Made in China can connect buyers with suppliers but require careful evaluation.
• 🏷️ When using online platforms, look for suppliers with a long history, verified badges, and a focused product offering to avoid middlemen.
• 📚 Industry-specific trade shows are recommended for face-to-face interactions, which can help build relationships and assess supplier quality.
• 🤝 US-based sourcing companies can provide valuable connections and expertise but may add an extra cost layer.
• 💡 The importance of finding a factory interested in a long-term relationship is highlighted, as it can significantly impact business growth.
• 🎯 A bonus tip suggests considering US manufacturers as an alternative to Chinese factories, especially for startups with smaller order volumes.
• 🚀 The video aims to guide entrepreneurs through the process of finding a suitable factory, emphasizing patience and persistence.

Q & A

What is the importance of finding the right factory in China for online businesses?

Finding the right factory in China can make or break an online business due to the significant role manufacturing plays in product quality, cost, and supply chain reliability.

How long has the speaker been involved in sourcing products from China?

The speaker has spent 12 years working for a sourcing company and has lived in China for nine years after graduating college.

What is the speaker's name and what business did he co-found?

The speaker's name is Spencer, and he co-founded Solo Stove.

How much revenue did Solo Stove achieve in the past year according to the speaker?

Solo Stove achieved sales of over 250 million dollars in the past year.

What are the three methods the speaker suggests for finding factories in China?

The three methods suggested are: 1) using online platforms like Alibaba, 2) attending industry-specific trade shows, and 3) using a US-based sourcing company.

Why should one be cautious when a supplier on Alibaba is new to the platform?

One should be cautious with new suppliers on Alibaba because they may not have a proven track record, increasing the risk of scams or unreliable service.

What is the significance of a supplier having a 'Verified' or 'Gold Supplier' badge on Alibaba?

A 'Verified' or 'Gold Supplier' badge indicates that the supplier has paid for these statuses, showing a level of commitment and legitimacy, making the company appear more trustworthy.

Why should one avoid suppliers that offer a broad selection of different products on Alibaba?

Suppliers with a broad product range are likely trading companies rather than actual factories, which can lead to higher risks due to their role as middlemen without direct control over production.

What advantage does attending trade shows offer when searching for suppliers?

Trade shows offer the advantage of face-to-face interaction, allowing for direct communication, product sampling, and prototype discussions, which can help build relationships and assess supplier quality.

Why might a US-based sourcing company be a good option for finding a Chinese factory?

A US-based sourcing company can be beneficial as they have expertise in working with Chinese factories, potentially saving time and reducing the language and cultural barriers.

What is the bonus tip the speaker provides for those who find it difficult to start with Chinese factories?

The bonus tip is to consider finding manufacturers within the US, which might offer better communication, faster shipping, and a familiar working culture, despite potentially higher costs.