Wednesday 20 Sep 2017

Budgeting on Alibaba.com

It’s a good idea to set your budget before using Alibaba.com.  Knowing how much money you can spend (and risk) will help you focus as you search for and negotiate with suppliers.

If this is your first international transaction, here are some things to consider.

  • Prepare to spend more than you planned.  International sourcing is a complex process.  Every step has its costs.  Customs and shipping costs by themselves can be substantial.
  • Account for banking, insurance, warehousing, and fulfillment expenses.
  • Factor in travel costs – if you plan to visit your suppliers.
  • Start small.  Learn to crawl before you run.  For your first deals on Alibaba.com, limit yourself to small orders.  You’ll gain experience, while minimizing your risk.

alibaba-budget

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