Tuesday 12 Dec 2017

10 Ways to Avoid Scams on Alibaba.com

Generally, the best way to avoid a scam on Alibaba.com is to be skeptical about everything – and take the necessary precautions. The Alibaba Fraud Report discuss in greater detail the kinds of precautions you can take, but for starters, here’s a quick summary of the things you can do to avoid getting scammed on the site.

1. Learn about scammers and their methods.  If you know how scammers think, you can avoid them.

2. Never be too trusting about anything a supplier tells you.  Assume he’ll say and promise anything to make a sale.  Avoid overly aggressive sales representatives.  They might be trying to pressure you into buying junk.  Question and verify as much as you can.

3. Never pay 100% upfront.  Put payments in escrow, pay in installments, or pay after inspecting your products.  But never pay 100% upfront – if you can help it.

4. Never wire money to a personal account.  Personal accounts are far less traceable than business accounts.  If you put money into a supplier’s personal account, and he runs off with your money, you’ll have a very hard time tracking him down.

5. Inspect, inspect, inspect.  Both products and facilities – as thoroughly as possible.  If you can’t do it yourself, hire an inspection agent.

6. Choose honest reliable suppliers.  Take your time.  Don’t rush into a deal.  Good suppliers are worth their weight in gold.  But finding them and then maintaining good relationships with them takes patience.

7. Don’t over-focus on price.  You get what you pay for.  If you only go after the cheapest prices, you’re going to end up with a lot of cheap junk.  If a deal sounds too good to be true, it almost certainly is.

8. Do your due diligence.  Investigate your suppliers as thoroughly as possible.  And get references.  Who has your supplier worked with – and what are the reviews?

9. Learn about your supplier’s country.  What’s the business culture like in his country?  Is fraud a common problem there?

10. Trust your gut feelings and use common sense.  When it’s decision time, listen to your instincts.

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