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Fate of Mediators
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By
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Sarv Daman Vij
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What all Exporters need to have to approach them?
- Frequent
traveling to buyer's country for presentation & sample display
- Attending international tradeshows and exhibitions
like, HK buyer seller meet, Magic USA, Paris Prt porter etc.
- An upgraded office and showroom facility for meetings
- An excellent bilingual staff with up-to-date command
over international language skills, English/French/Italian/Spanish etc.
- Payment terms-collection or letter of credit.
- E-commerce, Websites,
- A dedicating quality tech. & assurance team along
with compliance department.
- Checking buyers credibility from Embassies/consulate
offices in supplier country
Now let us discuss what all international buyers required to
do from their side.
- Factory visits to check their facilities, compliances,
quality issues, capacity, and kind of products
- Checking credibility with Supplier's country consulate.
- Complete knowledge of product and their technicalities
- Price issues, their objectives, sales projection,
estimates.
- An excellent bilingual staff with up-to-date command
over international language skills, English/ French/ Italian/ Spanish etc.
- E-commerce, Websites,
- Payment terms-Collections or Letter of credit
Ultimately, it is costly affair for both parties to arrange
for staff/ travel/ websites/ checking credibility etc. Buyer and supplier both
travel to each other's country for their only orders. It is viable only when
quantity is in bulk from half to one million pieces (a rough estimate). As I
mentioned earlier, complete elimination is not possible. However, an effortful
try can be helpful for small supplier and buyers to earn some profit. It is
rule of trade, that as the product will pass on as many hands, it will add a
cost to it. Supplier and buyer have to decide, what package they are looking
for.
A complete hassle free limited profit or a little hassle with
tons of profit.
About the Author
The author is student of Post Graduate in International
Business at George Brown College, Canada.
The author
expresses his views on Fate of mediators (apparel buying agents)
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