Three big mistakes you should avoid when sourcing from China?

Sourcing from overseas is the most profitable business, as you can gain the advantage of foreign technology, as well as lower costs, especially if you’re sourcing from China. Below are three common mistakes most newbie buyers will generally make:

1) Sourcing from the lowest price. This is an entirely wrong decision as this step will target your customers who purchase at the lowest price; generally, this will not help you make a good profit. The customers who prefer the lowest price is a customer group in related to those who prefer the best quality, this kind customer group is generally classified into lower income group, and relatively inferior educated, thus even you purchase the lowest-priced goods, your customers will still need the price down further, which means you will not only buy the poorest quality products but also can earn the lowest profit. Consider selling lower-quality products as higher-standard products to increase your profit. But this step is almost impossible; even if you can cheat a minor customer group, the majority of customers will realize it. Customer complaints can wipe out all the profit you had made, forcing you to compensate for the bad product problem. Finally, the product you planned to purchase, which was the lowest-priced option, ultimately resulted in a complete loss and a bad reputation for your business. 

2) Being stuck-up and picky with your suppliers. This is also a complete wrong deed to many buyers, as most of them are wrongly think they have too many suppliers to choose, thus all suppliers need to beg them for business because they don’t see the truth. Firstly, all suppliers, traders, wholesalers, and manufacturers are human; they’re not robots and machines without feelings. Buyers can’t only see the profit and ignore building business relations with them. Secondly, each supplier is selling different products based on their own technology and materials. Some of the products may be suitable for your market, while others may not. Thirdly, in case you’re not reselling only once, all suppliers’ products could be what you need in the future. If you break business relations, you won't be able to regain them. Fourth, you also have customers, thus if you’re bad to your suppliers, how about your customers doing the same thing to you?

3) Don't trust people. Why has a business running for over 10 years had customers say they don't trust the company? Not trusting is a psychological effect that many buyers may experience, especially when dealing with a company for the first time. Without trust, business is almost impossible, and all that has been discussed could be in vain. The most prominent reason buyers don't trust a business is that they may have experienced poor service or simply heard rumors from others. Actually, if they don't trust, they're more importantly stopping themselves from profiting from the business and giving up their own company the chance to grow, not specifically the suppliers. 

The Future of Power: Why Solar is the Smarter Choice for Electricity Generation

While coal power plants still supply the majority of the world’s electricity, the depletion of coal resources, rising prices, and increasing environmental concerns are pushing the world towards more sustainable energy sources. As coal supplies dwindle, electricity prices have surged, leading to higher energy bills for consumers. In 2021, many coal plants were forced to shut down due to depleted coal stocks, resulting in large-scale blackouts across numerous cities. Without reliable electricity, critical systems fail—machines stop working, computers shut down, and businesses face disruptions, which can even lead to job losses.

Why Solar Power is the Sustainable and Cost-Effective Solution

As an alternative to traditional coal power plants, solar power has emerged as a cleaner, more cost-effective solution to meet global electricity needs. One of the key advantages of solar power is that it offers a renewable energy source that is both sustainable and environmentally friendly. Solar power plants generate electricity without depleting natural resources, unlike coal-fired plants, and have significantly lower ongoing operational costs.

The primary cost of setting up a solar power plant is the solar panels—the core component that converts sunlight into electricity. While these panels may seem like a significant investment, they offer long-term savings and reliability. If you're looking for high-quality yet affordable solar panels, Leeka Corp. provides reliable solutions at competitive prices, including options from tier-1 brands and OEM brands.

Leeka Corp.: Your Trusted Partner for High-Quality Solar Panels

Leeka Corp. is an alliance of leading tier-1 solar brands in China, dedicated to offering top-tier solar products at a fraction of the cost of larger distributors. Leeka Corp. prioritizes building strong, transparent business relationships with customers, focusing on integrity and mutual respect. At Leeka Corp., they work hard to avoid price manipulation and create a fair, professional environment that benefits everyone.

Leeka Corp.'s business model promotes trust and reliability. When you choose to partner with Leeka Corp., you can expect fair prices and high-quality solar panels that deliver long-term performance. Leeka Corp. understands the importance of credibility in business, which is why they focus on working with clients who share their values and are committed to maintaining a sustainable, positive relationship.

Why Quality Matters in Solar Panels

When setting up a solar power plant, choosing high-quality solar panels is critical to ensuring reliable performance and long-term electricity generation. Lower-quality panels may seem like an affordable choice, but they often come with hidden costs—such as lower efficiency, shorter lifespans, and frequent maintenance issues. In essence, opting for cheaper panels may lead to higher long-term costs, which is why it’s essential to invest in panels that you can rely on.

An analogy to illustrate this: Imagine buying a car with three wheels instead of four. While it might save you money upfront, it’s a poor investment in the long run. Similarly, low-quality solar panels might save you money initially, but they won’t provide the efficiency or reliability you need for a successful solar power plant.

At Leeka Corp., they respect customers by offering only the highest-quality products designed to meet their needs and solve their energy problems effectively. Whether you’re setting up a small solar system or a large-scale solar plant, you can trust that Leeka Corp. products will deliver the performance you expect.

Easy Setup and Installation for Your Solar Power Plant

Once you’ve purchased your solar panels from Leeka Corp., the next step is to install them. You can hire professional solar installers to handle the setup for you, or if you have the necessary expertise, you can install them yourself. For those new to solar installation, many online tutorials and books are available to guide you through the process.

If you’re starting with a small-scale solar plant, this can be a great learning experience. As you gain more experience with solar installations, you may even choose to expand and start installing solar systems for others. This opens up potential business opportunities, such as starting your own solar installation company.

At Leeka Corp., they strive to make the process as straightforward as possible, providing the resources and support you need to successfully set up your solar power plant and enjoy the benefits of sustainable energy.

Why Choose Leeka Corp. for Your Solar Needs?

With the global shift toward renewable energy, solar power is the future. By choosing Leeka Corp., you gain access to high-quality solar panels, a reliable supply chain, and a business partner that values integrity and customer satisfaction. Their goal is to provide affordable, high-performance solar solutions that meet your energy needs while helping you contribute to a more sustainable future.

Start your solar journey today and join the growing number of people who are making the switch to renewable energy. Trust Leeka Corp. for reliable solar products, expert guidance, and a seamless experience from start to finish.

How dangerous B2B trade portal is?

Many buyers utilize B2B portals to find suppliers, and small business owners also use these portals to reduce their sales and marketing costs. The truth is, after you checked all the suppliers on B2B portals, not any of the actually big companies are using it, here is why:

1) Do you often receive emails containing a zip or a link that tells you to reset your password? If yes, then you may wonder how this person finds you? Why are they so interested in your email account and want to crack your password? The truth is that some are partially from B2B portals, and partially hackers parasitize on B2B portals. Regardless of whether you're a supplier or a buyer, these individuals are interested in you because they want to obtain all your customer information and resell it to someone else. This is why you should eliminate the B2B portal.

2) The B2B portal is using your information to market itself. To get traffic to their website, they need something called keywords. These are often your company name, email address, and telephone number, which always become. When someone searches for your company information on Google, the B2B portal's website appears immediately after your company website. As a result, visitors are directed to their website, and they resell this traffic for a reasonable price.

3) The B2B portal is doing something perplexing to you. They mark the product at half the selling price, and sometimes even as low as one dollar, to attract traffic and attention. However, when you actually want to buy, the price is very high. This is not important; counterfeit products are often the best choices to sell on B2B portals because suppliers don't care about their reputation. It's the reputation of the B2B portal that matters. As long as they make money, they will go. Or just change their name and continue to sell something else. 

4) Top listed B2B platforms especially the giants are using big data to monitor everything you do include every click of your mouse and scroll of the screen, this is like installing a security camera in your home. You’re completely naked when you’re using them. They know what you want, they will suggest to you who paid them the most, not the one who has the best product and prices.

Here it’s why you should stop compare the price of solar panels?

1. Each factory has its own manufacturing cost, and the material cost of the solar panels with the same power.

2, Different factory have their own technology that also makes solar panel prices different.

3. The price now and the future are different; there is no fixed price all year round. The price you can buy now, you can’t buy in the future.

4. The price also differs if the quantity is different. You’re wasting your time if you’re asking for the cost of 10 containers but only purchase a small amount of 1 container. 

Here's why you should get rid of lower-priced products

A product’s reselling profit is generally fixed in the event of competition. Pursuing maximum profit without a bottom line will ruin your business; this is not the way an honest business should operate. Being greedy is just as bad as cheating, as your customers will not believe you if you have sold them bad products once.

Lower-priced products don’t guarantee the same quality as higher-priced products. Generally, when the price is reduced, the product material is replaced with lower-quality alternatives to ensure the seller's profit. In the meantime, lower-priced products can leave a larger profit margin for sellers when they reduce quality to a standard without a bottom line.

You can find many lower-priced products on the B2B e-commerce website. They simply take advantage of buyers' greed to push prices very low; the truth is that these low-priced products are subpar, often malfunctioning within a few months or having a very short lifespan of just one year. The repetitive replacement of the product results in higher costs. For example, if one product you purchased for USD 0.5 lasts for half a year, you will need two in total to last a whole year. But what if the same product costs USD 1 and lasts many years? What is your choice? This is the phenomenon in which many buyers are willing to pay a very low price for products costing USD 0.5, even though the product actually costs USD 1 and will last many years, making it a better value. This is also why big brands are not using B2B: once they do, they will need to combat a price war, either by sacrificing quality to lower prices or by actually incurring a deficit, which is not a long-term plan.

If big companies are not using B2B e-commerce websites, are they actually making higher profits? Actually no. Take Leeka Corp as an example: they have a rule that sets the maximum product profit at 20% of the cost, including tax. The corporation has well considered its market; if its profit is high, that means its buyers’ profit is low, or it is actually selling at a high price. Therefore, when their buyers purchase fewer products, the factory produces fewer products, resulting in lower annual revenue. So, it’s not a thing, as you think big companies have higher profits.

How do higher-priced products compete with lower-priced products? The answer is time. In a short period, buyers may opt for lower-priced products. Still, once they discover that the product is subpar, wastes their time, and causes significant trouble, they should consider better-quality alternatives. Additionally, many buyers will choose higher-priced products first; they're smart and will not take a roundabout route to choose the lower-priced product first. So when they actually prefer the higher-priced products, they find value in them. The higher-priced products are actually worth it. Take the example mentioned earlier: the product costs half the price, but it is actually far more expensive, as it has a shorter life span than the higher-priced products. Therefore, this type of customer will continue to buy higher-priced products. In the long run, you will find that lower-priced product sellers are continuously losing customers and finding new ones, while the higher-priced product seller is constantly gaining new customers and old customers continue to buy from them. The advantage is that the old customers have larger businesses, while the new customers have smaller enterprises. You will see in the long term why sellers of the higher-priced product are winning. That's why many big brands are not low-price sellers.

Starting a large solar plant? What you need to know

Have you met some cases when you start to make a project that many local companies start to compete with you some are even your suppliers who go directly to the project? In such cases, why need you? You're the resellers, if they go directly into the project, it means they turn directly into your competitors instead of your suppliers.

Don’t ask local companies even some of them are foreign company branches. The fewer people know the project, the less competition you will have, and finally, the bigger opportunities for you to win. The cases are if you asking from local companies or foreign company branches there, you’re providing them the business opportunities, with little research and investigation they will know where you want to sell the products, finally, you will be kicked out of the game.

Under such conditions, if you're sourcing from overseas, you will not only get better quality products but also be guaranteed project privacy as you’re the resellers. Purchasing solar panels from leeka corp can help you save not only the cost of the product but also many unforeseen problems, Firstly, they don’t set any foreign branches which guarantees 100% safety that you own the project on your own (vs some other companies that they set branches in your country to encroach your market). Secondly, they’re very considerate can give you the cost of products and shipment costs to your country to help you calculate the cost of importation. Thirdly, they have advanced production lines to output the best quality solar panels for big brands, you even can have solar panels on your own brands too. 

How to set the right cost of your imported products to boost your business?

If your customers told you that your reselling price is too high, you should ask about yourself first, “ had you set the right imported product cost?” Don’t always push your suppliers to reduce the cost, because their manufacturing cost is really really small. In case they can push the cost lower, it's only a small reduction. How it can compare with that you had made your reselling cost 200% of the product cost?

What is the best reselling price of your imported products? It's actually a problem of math, do it right. You will boost your business because more customers will buy the right price. Make it dauntingly 200% of the product cost will make your customers shy away from your products. Here below are few steps you can do to make a good reselling price of your imported products to help you boost your business on very good profit.

1)Ask your suppliers to give you a CIF cost. Suppliers generally won’t make money on freight and insurance, all they have is a very small profit based on the cost of the goods. So it's a freebie if you want CIF cost, you can save your time doing other things while they’re busy checking the freight cost with their forwarders.

2)Ask your forwarder the terminal port cost, tariffs, warehousing cost, their handling cost, and shipping cost from the terminal port to your location. Generally, your local agent can help you handle everything after the goods arrived at the terminal port to send the goods to your location. This part of the cost is generally exaggerated when importers ignored checking it with their agents, so they add a percentage of 30% to 50%, however that is actually not so much. So always check with them if you're the first to import and remember to check if you’re an experienced importer because something may change. Having an agent to help you handle the imports can help you with a lot of things, generally, all kinds of problems could be solved if they're very experienced. Sometimes, you even don’t need to import on your own company name, they can clear customs using their name if that can solve the problems. Don’t ask your agents to collect the goods from overseas, the cost could be higher than your supplier’s shipping agents. 

3)Budget your reselling profit. Don’t make it higher than 20%. A profit lower than 20% will make your reselling price more competitive, if goods are sold fast, you can import more containers. It's better than you make all your profit in just one or a few containers. 

Finally, your imported goods reselling price is clear. That’s your supplier’s CIF cost plus cost from your import agents(tariffs are included) and plus your reselling profit(if any tax, should include it in the profit).