Always Do
Always investigate the
seller's legal and operating
backgrounds.
Always negotiate
for
lowest down payment to
reduce your payment risk.
Always start with small
volumes; Pay a 5-20%
surcharge if necessary.
Always do business
in Asia the same
principled way you do
business at home.
Always do a final
pre-
shipment inspection.
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Try To Do
Try to have a written
agreement to confirm mutual understanding.
Try to use a Letter of Credit on high value transactions of $20,000 or more..
Try to sometimes speak by phone with the seller so you
can become a "person" !
Try to concisely present requests in outline form and without jargon.
Try to pay for samples and shipping so you don't indebt yourself to seller.
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Never Do
Never pay entirely in advance. Request fax'd copy of Bill of Lading before final pay.
Never make more than a 35% down payment. Best is 10-25%
.
Never believe samples to be in anyway representative of the final mass production product.
Never transfer funds to a personal bank account. NEVER!
Never offer bribes. It is illegal
for U.S. citizens and usually
also counterproductive.
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Try Not To Do
Try not to seem overly eager to the seller. Stay as calm as possible.
Try not to be afraid to "go silent" on the seller as this puts you in control!
Try not to believe the myth of "mysterious" Asia business practices.
Try not to let the seller "entertain" you too much as this indebts you
to them.
Try not to discuss politics in China due to the rapidly intensifying nationalist sentiment.
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