5 Important Questions to Ask Before Choosing a Buying Agent
A buying agent plays a pivotal role in the field of import-export business. A professional buying agent acts as a bridge between the buyers and sellers. To sustain in the field of international trade, you need to prudently choose your buying agent. Though the markets are crammed with many buying agents, not all of them are qualified and proficient. By learning the best import-export course in Ahmedabad, you will certainly choose the most suitable buying agent for your business.
Here, we are mentioning some questions that you should ask your buying agent before making the final decision.
How fluent are they in the local language?
A buying agent should have a good command of the language spoken in the target country. He must be fluent in both written and spoken English and other native languages. Because language plays an essential role in the communication between buyers and sellers around the globe.
Therefore, good command of the desired language is a must-have quality for your buying agent. If the professional agent is not well competent in that particular language that is spoken in that country, how can he communicate with the sellers in that country? Since they can’t communicate and bargain properly, it will enhance their chance of getting hoodwinked.
Are they trustworthy and have good morals?
Your selected buying agent must know how to behave and protect the interests of foreign buyers in a particular country. They will never take you to the scammers or fraudulent people in the target country. Moreover, they should keep their words. In other words, they should possess high morality. If an agent demands commission from both the buyer and the seller, you should not continue with the person and must look for some other agents. A good buying agent will never entertain such cheap activities.
Should have good knowledge of the import-export industry and international laws
A good buying agent should maintain a healthy relationship with the local authorities of the target country. They must be accustomed to the policies of that country regarding import and export. The agent should have adequate knowledge regarding the regulations of import and export.
This is imperative to avoid lawsuits. Your buying agent should have a thorough knowledge of international laws and other practices, such as quota issues, anti-dumping issues, tax issues and certification issues, etc.
Should have an idea about purchasing methods
Your buying agent should have experience regarding how to source or buy different items without wasting a lot of time. They should have an adequate idea regarding the markets where your desired products can be purchased. Moreover, they should have an idea of how to get the best price for the products. If you get a product at the lowest price, you can certainly make a good profit.
Familiarity with the product or industry
The agent should be familiar with the products that you are going to sell in the international market. For instance, if you are dealing with ductile iron castings, you must look for an agent who is familiar with these products. Every field has some particular terms and your agent must be accustomed to these terms.
These are some questions that you should consider before employing a buying agent.
Digitalexim is a renowned institute that offers the best import-export course in Ahmedabad. To establish your import-export business internationally, you should learn the relevant courses from this institute.
By visiting the website of Digitalexim, you will learn more about the institute.