The definition of commercial risk refers to many aspects such as the loss due to inflation, the
force majeure, etc. Purchasing and selling goods in bulk will bring with it many potential risks which are not good for you to expand your business. However, you don’t have to worry about all these.
Many people lost the precious business opportunity because they were afraid of losing part of or even all of their invested capital due to the potential commercial risk.
According to relevant statistic date, the international trade volume of the small-and-medium-sized enterprises is growing gradually year by year. However, those enterprises without relevant experience are always worried about the risk of bulk purchases.
What if this company does not exit?
The buyers’ biggest concern is about the cheating behavior of the suppliers. For instance: many buyers are worried about that they cannot receive the goods after they paid the suppliers which do not exit at all ,although the details of the suppliers can be found on website.
BeGuSha can resolve your concerns.
In order to avoid being cheated, the buyer should check up on every details of the suppliers and ask them questions as many as possible, such as: May I visit your company? Obviously the fraud won’t agree to meet you.
To protect the buyers, the suppliers registered in BeGuSha website have to provide the following information: the company’s detailed introduction, the evaluation and feedback of their customers and the address.
What if there is a language barrier?
When it comes to the language barrier, you can communicate with the suppliers by sending messages to them via the mailbox on BeGuSha website.
BeGuSha can resolve your concerns!
We recommend you to use the trilingual automatic translation system to communicate with the suppliers in Chinese, or English, or Russian by sending and receiving the inner messages on BeGuSha website.
Here is the tip for you to use the trilingual automatic translation system: To ensure the accuracy of the translation, please put in the information with simple sentences and phrases.
What if you didn’t receive the goods?
You may concern about the long distance transportation problem and think about how to chose a suitable mode of transportation between sea transportation, air transportation, and land transportation. Before you make a decision ,you should spend some time reading the sale contract which includes International Trade Terms which explains well the international trade rules.
BeGuSha can resolve your concerns.
Please read the contract carefully. According to the FAS(free alongside ship) terms, the purchaser should pay for all the costs of loss or damage and undertake all the risks since the seller have delivered the goods to the side of the boat at the appointed dock or barge. However , according to the FOB (free on board) terms, the seller should pay for all the costs of loss or damage before the purchaser received the goods.
What if the goods are detained by customs?
There is a little possibility for the goods to be detained by customs unless they are illegal or shoddy goods.
BeGuSha can resolve your concerns.
There is a bigger risk for the food and drug products to be detained by customs because of the violation of the trade regulation set by the destination countries. However, the other products such as garment, toy, furniture, industrial machinery and other light industrial products usually get through customs much more easier. Moreover, the suppliers with more foreign trade experiences can also avoid this kind of risk.
What if there is no demand for the goods?
There is a risk that parts or all of your goods cannot be sold, which depends on product quality, cost and market demand.
BeGuSha can resolve your concerns.
In order to reduce the risk, you’d better start with selling the products with big market demand and expand your business step by step.
What if there are competitors ?
The competition will probably reduce your profits and downsize your market share.
BeGuSha can resolve your concerns.
Facing with the fierce competition in the trade world, you should
build up your confidence and make the big move.
The first step for you to achieve success is to offer a nice commercial quotation.
Then you should choose the products with strong competitiveness.
In conclusion, most of your concerns are coming from the lack of information and experience. With the effective service BeGuSha offers you, you can get more business opportunities to achieve success.
BeGuSha wishes you a big success of your business.