All language subtitles for 15. Coronavirus - Can I Source From China Right Now

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,420 --> 00:00:06,150 In this video I just want to briefly address the question that you've probably had at this point which 2 00:00:06,150 --> 00:00:09,790 is is it still possible to source from China right now. 3 00:00:09,810 --> 00:00:16,440 I want to make this video more broad and not necessarily say yes or no because this situation could 4 00:00:16,440 --> 00:00:18,930 change any of the next days again. 5 00:00:19,020 --> 00:00:25,170 For now I think the best way to find out if you can source from China is to go into amazon facebook 6 00:00:25,170 --> 00:00:25,990 groups. 7 00:00:26,190 --> 00:00:32,400 So just type an Amazon FBA John a couple of groups and you will find a lot of people asking the same 8 00:00:32,400 --> 00:00:38,670 questions and in the comments you will see either other people that have already ordered or you will 9 00:00:38,670 --> 00:00:40,530 find a lot of sourcing agents. 10 00:00:40,530 --> 00:00:46,260 Be careful here and don't trust every sourcing agent because everyone wants to do business even if they 11 00:00:46,260 --> 00:00:47,370 can't deliver. 12 00:00:47,370 --> 00:00:50,010 We have to be careful in who we trust. 13 00:00:50,010 --> 00:00:55,110 So you could probably pay more attention towards other sellers and people that have already ordered 14 00:00:55,370 --> 00:00:56,770 in the past weeks. 15 00:00:56,790 --> 00:01:03,300 I would say maybe don't focus on people that ordered two or three months ago and also keep in mind that 16 00:01:03,600 --> 00:01:08,640 not only China might be affected but also your home country and the connecting flights between those 17 00:01:08,640 --> 00:01:14,190 countries lots of you will probably order your products to be afraid and a lot of the effort to ship 18 00:01:14,190 --> 00:01:17,000 the passenger planes and not cargo planes. 19 00:01:17,070 --> 00:01:23,340 So that means if passenger planes are being stopped from flying in between countries that means a lot 20 00:01:23,340 --> 00:01:27,300 of packages cannot be delivered for the current situation. 21 00:01:27,330 --> 00:01:33,000 And from what it looks like for the near future China seems to have stabilized and it is possible to 22 00:01:33,000 --> 00:01:34,570 receive products from China. 23 00:01:34,710 --> 00:01:39,750 However you have to consider that there could be delays in production because of backlog that has happened 24 00:01:39,780 --> 00:01:44,670 because the factories had been closed for such a long time and it could also be delays in shipping as 25 00:01:44,670 --> 00:01:46,540 well as higher prices for the shipping. 26 00:01:46,620 --> 00:01:51,810 If you are planning to source from China right now a good strategy to minimize your risk especially 27 00:01:51,810 --> 00:01:57,960 if you are planning to buy a lot of products is to split your order into multiple parts and maybe buy 28 00:01:57,960 --> 00:02:02,250 a smaller amount of units at the beginning and then purchase another load right after. 29 00:02:02,370 --> 00:02:08,280 And this will help you spread the risk because if the first lot has already been sent and you can confirm 30 00:02:08,310 --> 00:02:12,630 OK I'm actually receiving it and it's on the way you ordered the second box. 31 00:02:12,720 --> 00:02:18,780 So if any inventory gets stuck at least it is not a super large volume and you're not tying up all your 32 00:02:18,780 --> 00:02:20,680 capital in that inventory. 33 00:02:20,970 --> 00:02:25,440 If you're working on a new product right now and you're just getting started this is also a good time 34 00:02:25,440 --> 00:02:31,650 to just talk to factories plan your product go back and forth with them get some samples and then order 35 00:02:31,650 --> 00:02:33,960 your inventory once things go back to normal. 36 00:02:34,140 --> 00:02:40,590 However since the factories are back at work you will be able to communicate with them and do all your 37 00:02:40,590 --> 00:02:41,370 planning. 38 00:02:41,520 --> 00:02:44,000 And so that should be no problem at all. 4243

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