| An online sourcing directory is the 21st
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| | orders. Contact multiple factories
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| century entrepreneur's best friend. It is
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| | simultaneously, so you can connect with
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| a resource that eliminates the need for a
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| | the right one faster.
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| middleman from your supply chain.
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| | FOB (Free On Board) - FOB price means,
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| Businesses can connect with manufacturers
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| | the buyer pays for freight to the port of
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| through sourcing directories. My favorite
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| | shipment, plus loading costs. Expect to
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| directory is Alibaba, an English language
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| | pay for freight, insurance, unloading
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| sourcing directory. It specializes in
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| | costs and transportation from the factory
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| business-to-business trades, especially
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| | to the port of origin to port of
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| for international buyers trying to make
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| | destination to your location. If you are
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| contact with Chinese sellers.
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| | quoted FOB Ningbo (Ningbo is a large port
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| Alibaba offers a search able database of
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| | located in China.) $5000 for 500 units of
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| manufacturers of almost any product you
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| | product, you have to consider the
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| can imagine. It is a free resource for
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| | additional ocean freight charges.
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| buyers from over 200 countries and
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| | CIF (Cost, Insurance, Freight) - CIF,
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| territories. They claim to be "the number
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| | unlike FOB, includes freight and
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| one destination for businesses to find
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| | insurance charges. If you have no
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| volume buyers and suppliers from around
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| | experience importing, CIF might be a
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| the world." Think of Alibaba as the great
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| | better option than FOB. The price per
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| connector of manufacturers and corporate
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| | unit will be higher with this option than
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| buyers.
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| | with the FOB option, but it requires less
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| Steps To Use Alibaba
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| | work on your part. If you want to see the
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| 1. Create a free account for your
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| | difference between FOB and CIF price, be
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| business.
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| | sure to ask for both in your inquiry.
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| 2. Search for your product of interest.
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| | Dim Weight (Dimensional Weight) - If you
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| Expect to find many companies as Alibaba
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| | choose the FOB option, you will need hire
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| has a huge database.
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| | a forwarder for your order. Note: A
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| 3. Contact the factory. Full contact
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| | forwarder is a fancy word for a shipping
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| information including phone number,
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| | company. Forwarders ask for port of
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| address, website, and e-mail address is
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| | origin, port of destination, and
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| available.
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| | dimensional weight.
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| You should be familiar with some of the
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| | BOL or B/L (Bill of Lading) - A document
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| most common sourcing terminology for
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| | issued by the shipping company,
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| contacting factories.
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| | acknowledging that the shipment has been
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| MOQ (Minimum Order Quantity) - As you
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| | received on board as cargo for transport
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| contact a manufacturer, ask about their
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| | to a named place, usually a port of
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| MOQ. Some factories are only interested
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| | destination, for delivery to the
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| in selling you at least one container of
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| | consignee whom is the business buying the
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| product. Others are happy with smaller
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| | product.
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