01/05/2019
Oleksii Zirka, CEO of ExterneXXI, has attended the second phase of the 125th Canton Fair and represented our company in the biggest event in the world of trade. In total, all three phases of the Canton Fair features more than 25 000 suppliers in 16 different industries, which attracts more than 200 000 buyers from all over the world. This event is the greatest possibility to meet face-to-face with the most credible suppliers and negotiate the best deal conditions. The second phase is a strategic event for ExterneXXI as household products are currently our business's primary domain. The industry of household products is continuously evolving through thorough research of new tendencies and expertise in the domain. Thus, our clients are always able to get high margins on new best-sellers before their competitors know about them. This phase represents an exceptional opportunity for ExterneXXI to discuss with existing partner factories and also find new potential prospects. If you are already doing business with China, or just starting, this event is must-visit for you. Here is some advice from our CEO on what tasks you need to do at Canton Fair and how to get the best prices for your purchases.
1. Have a specific goal. Attendance of one phase is a quite expensive decision, which on average may cost you $2000 - $3000. If you don't have specific products that you plan to buy and you just want to be inspired by the scale of this event, the related expenditures are too high compared with the potential results. Solution: choose several lines of products (at least 5) before your arrival. Learn as much as possible about these products (description, characteristics, certifications, import duties, HS codes, preferred packaging). Surf on Alibaba to get an idea about the market prices. Write down the questions that you need to know from each supplier and determine your target price. When you will arrive at the Canton Fair: look for the area where related suppliers are, and take your time discussing with each of them.
You can read the full article in our blog ➡️ https://www.externexxi.com/blog/externexxi-at-phase-2-of-the-125th-canton-fair @ 广交会展馆 Canton Fair Complex