5 Negotiating Tips With Chinese Suppliers
Andy’s bringing us 5 Power Negotiating Tips fresh from his 21-day trip to China, where he visited his suppliers, Hong Kong, Canton fair and Yiwu! All coming up in this episode of the Amazon seller podcast.
Negotiating Tips #1 – With the recent devaluation of the Chinese currency, now is the time to negotiate price with the stronger US dollar.
Negotiating Tips #2 – Make sure that you have alternative factories that can produce your goods so that you have more leverage with your supplier.
Negotiation Tips #3 – See what power negotiating move this seller did in China to lower the cost of his goods and get 30-day terms after delivery.
Negotiation tips #4 – You have to set up your time parameters while in China so that your factory doesn’t monopolize your time.
Negotiation Tips #5 – Working with Chinese factories is “war” and a constant battle. You need to understand the culture going in to know how to position yourself.
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