You come across a Chinese supplier online. The organization looks all right. There’s potential for a business opportunity that could really take off. BUT there are many scams, fakes, and just plain bad suppliers out there to watch out for. So how do you make sure you’re doing business with a legitimate supplier who you can trust? Don’t worry, you’re not alone. Most of the businesses interviewed in this survey conducted by Global Sources said that verifying suppliers is the biggest problem they face when importing products from China. When you’re verifying a potential supplier you are essentially looking at
All three editions of ’10 Questions with…’ at TradeGecko to date have been with the men, nothing wrong with that of course, especially when we have the likes of the (very) colorful Suresh. Well it’s time to change that! In the first (of many) interviews with Geckos of the ‘fairer’ sex, we have Meghna Chand – resident TradeGecko ‘baby’, and sales superstar. So who’s Meghna, and why should we care? Having grown up across the world, when I graduated (with a degree in Economics and International Development from Canada’s McGill University) I literally had zero idea what to do with my
Hey everyone, hope you’ve had a productive October. It’s been an exciting month in the Geckosphere, as per my incredibly erratic fortnightly product recaps, let me introduce you to a couple of exciting improvements to the TradeGecko platform. 1. Capturing full and partial payments Over the next few days, we’re rolling out our brand new Invoice Payments functionality. A lucky few of you will already see it in your account, but if you don’t have it yet, you’ll be seeing it sometime in the next couple of weeks. What this means is you can now track the details of payments against your
With increased transparency, the tightening of the supply chain seemed an inevitability. This seemed especially true in the retail world. Now that retailers have direct access to portals like Alibaba, there’s been a notable decrease in the number of facilitators that used to exist. Prior to information becoming so readily available, a typical B2C supply chain will consist of four or five entities: supplier, manufacturer, wholesaler, retailer, and consumer. Disintermediation, or the removal of intermediaries in a supply chain, is particularly relevant to e-Commerce today. The idea is that with increased access to information, the barriers that existed previously which
Here at TradeGecko, we’ve worked with customers with all kinds of business models in industries ranging from jewelry to craft beers. Because we interact with such a wide array of interesting clients, it takes a lot to stand out. For this case study however, we stumbled upon a particularly unique business that we thought would be interesting to our readers. The French Cellar We recently paid a visit to one of our clients, Singapore-based The French Cellar. One of Asia’s hottest startups, The French Cellar imports French wines directly from vineyards after a careful selection process by sommelier Mr. Nicolas Rebut,
Next up in ’10 Questions…’ we have the enigmatic Gherry Harahap – one of the very first hires to join the rapidly-growing team, who’s been with TradeGecko for over a year and a half now. Hailing from the Netherlands, like many others in the team here, Gherry is truly a citizen of the world, having spent significant time in Indonesia and Singapore to date. A philosophical deep thinker, with a multi-faceted personality, there’s much to him that lies beneath the surface, so here’s the story of Gherry Harahap, Software Engineer extraordinaire. So who’s Gherry, and how did you end up
The following is a guest post by Visa from ReferralCandy, which builds customizable customer referral programs for SMEs. Business consulting legend Peter Drucker famously said: “Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.” So how do you do marketing? What do successful businesses know and do that others don’t? How do you create and acquire customers? Let’s go through the essentials. 1. Start with a ‘hero product’ that solves
Sourcing goods from Asia is the go to strategy for many retailers in the west. Despite the ubiquity of this practice, many SMEs still struggle to understand the options available to them. Where do you start? Who do you approach? We spoke to a sourcing agent to give you a better understanding of what happens on the ground for traders, buyers, and sourcing agents in Asia. Keshav Hingorani is the founder of Asia Sourcing Direct, a Guangzhou-based sourcing business that has operations in China, India, and Bangladesh. Walk me through a typical order Sure, it’s actually rather simple! So often times, retailers
If you want to increase your e-commerce or wholesale revenue, make sure you capitalize on website personalization. Give your buyers a much better online shopping experience and they’ll reward you. While Amazon is the veteran of ecommerce personalization, nowadays there is plethora of easy to use and affordable solutions that can enable you to provide unique experiences to your buyers based on their preferences, location and even weather. This can only make it easier for them to buy from you, and for you to up-sell and cross-sell – all leading to significant revenue increase for your brand or distribution company. In
Written by Adelina Peltea, VP of Marketing at TradeGecko, this post was first published on Small Business Informer in August 2014. This is a syndication of that original article with some tweaks. Enjoy. While retailers have come under the spotlight lately for their shift and mix between brick and mortar shops and e-commerce stores, wholesalers – their richer peers judging by the almost-double-revenue industry – have started experiencing a major under-the-radar transition as well. Meet the Wholesaler 2.0 They’re not just focused on negotiating with suppliers and manufacturers for better deals, but also very keen to offer a better purchasing experience