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As we approach the end of another year, it's time to set our sights on what the future holds &ndash; particularly, the year 2024.&nbsp;
Whether you are already cozily settled in the export business or simply skirting its captivating edges, contemplating an adventurous dive, the years ahead are laden with intrigue - a terrain of blossoming opportunities waiting to be seized and knotty challenges requiring clever navigation.
But first, let&rsquo;s take a look at what we mean by an export business.
<h2>Understanding the Export Business</h2>
The pulsating heart of global commerce, the export business, is the stage where companies &ndash; small startups and sprawling corporations alike &ndash; bravely venture beyond the comfort of their local markets, reaching out to an international clientele dispersed across the globe.&nbsp;
It's unarguably an exhilarating bid, filled with the unique flavors of diverse markets, the thrill of chasing profits, and admittedly, the occasional sprinkling of problems keeping you on your toes.
A successful stint in the export business calls for robust market research, a deep understanding of international trade laws, deft handling of cultural variations, and proficiency in managing logistics and supply chain intricacies.&nbsp;
But that's not all &ndash; to truly master the global commerce seas, you&rsquo;d need to weave strong partnerships with local and global agencies, seasoned trade experts, and savvy financial institutions.
<h2>Opportunities Awaiting Your Grasp</h2>
First things first, the promising part - the opportunities. As technology zooms at full throttle, the export business is ready to ride the waves of transformation, opening new possibilities.
<h4>The E-Commerce Phenomenon</h4>
As the modern marketplace moves online, E-commerce has become the most potent tool for businesses to tap into the global customer base. In the coming years, mastering this digital trend will only grow more critical.
<h4>The Surge of Sustainability</h4>
In the face of increasing environmental consciousness, the demand for sustainable and eco-friendly products is experiencing a meteoric rise. Companies adhering to planet-friendly practices stand to win big in this scenario.
<h4>Thriving in New Markets</h4>
The growing interconnectivity of our world is bringing emerging markets to the fore, presenting a tantalizing prospect for sales expansion and business diversification.
<h4>Tech-led Transmutations</h4>
Revolutionary technologies - from AI and AR to VR and IoT - are reshaping the export sector in ways previously unimagined, presenting yet another set of promising opportunities.
<h4>Unleashing Potential with E-commerce</h4>
The surge of e-commerce ventures, including emerging platforms like <a href="https://www.lalaaji.com/">Lalaaji</a>, has revolutionized the horizon for exporters. As digital shopping gains momentum around the world, businesses are finding unique ways to tap into the potential of these platforms, reaching customers directly with ease and scalability unprecedented in the traditional export business.
<h2>Challenges on the Horizon</h2>
The path to success invariably winds through the hills of challenges. As we set our sights on the future of the export business, it&rsquo;s time to acknowledge the hurdles that lay in wait.
<h4>Fluctuating Trade Policies</h4>
The global trade climate isn't always the smooth sailing that we'd like. Rising tides of protectionism and frequent shifts in trade policies may disrupt your voyage. Get ready to navigate some rapids!
<h4>Logistics and Supply Chain Disruptions</h4>
Unanticipated hurdles like natural disasters, pandemics, or political tensions can convolute your intricately planned supply chains and logistics. Staying vigilant is key to mitigating such disruptions.
<h4>Cybersecurity Conundrums</h4>
With the digital realm expanding, cyber threats loom large. Ensuring robust cybersecurity measures is essential to mitigate digital disasters and secure your business environment.
<h4>Currency Fluctuations in Exports</h4>
Currency exchange rate volatility is a key challenge in international trade. It affects transaction profitability and pricing execution. Apply risk management tactics, stay abreast of global finance trends, and consult with financial experts to navigate this terrain.
<h4>Political Instability in Export Business</h4>
Political upheavals can significantly disrupt export activities. Sudden policy changes, geopolitical tensions, and trade agreement revamp can impact business ease. For smooth sailing, conduct political risk assessments, diversify market presence, and remain vigilant about potential political shifts.
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<h2>Crafting a Thriving Export Strategy: Tips from Lalaaji</h2>
Crafting an export strategy might feel like solving a complex puzzle, but with some tried and tested tips from Lalaaji, you can piece it together with an artful touch.
<h3>Know Your Market</h3>
Before you set sail on your export journey, spend time understanding your destination. Ensure you know the ins and outs of the market you are targeting, the demand for your product, and any cultural nuances that might impact your strategy. It&rsquo;s a bit like setting off on a road trip - the more you know about your destination, the better prepared you are!
<h3>Ensure Legal Lingo</h3>
Every country has its own set of trade laws and regulations, and they can sometimes feel like an intricate labyrinth. Consult with legal experts, understand the essential clearances, trademarks, and patents, and ensure you have all the legal checkpoints in place. It's your map through the regulation maze.
<h3>Create a Customer-Savvy Sales Plan:</h3>
Just like your favorite restaurant tailors its menu to the tastes of its customers, your sales plan should feed the requirements of your market. Keep it customer-centric, adapt it based on market feedback, and watch your export business grow!
<h2>A Word at The End</h2>
In a nutshell, 2024 is gearing up to be a thrilling ride for the export industry &ndash; a whirlwind of boundless opportunities interspersed with formidable challenges.&nbsp;
But don't let the challenges deter you, for with strategic navigation, the global market can truly be your treasure trove.&nbsp;
Brace yourself and venture on, for the world is an oyster waiting to be explored.

How to Get Through the Web of Export Business Opportunities and Challenges: A Top 2024 Guide

Venturing into a world where economic fluctuations are the norm rather than the exception can often be daunting. Even more so when it's about the passion and dedication you've invested in your manufacturing business.&nbsp;
It might make you wonder, can costs be controlled without dampening the flames of quality and productivity?
Fortunately, the answer is a resounding yes!
This blog will serve as your compass in the labyrinth of cost reduction, navigating you through meticulous strategies that can significantly dial down your manufacturing expenses.&nbsp;
These aren't get-rich-quick schemes, but proven methods, which when systematically rolled out, can augment your profitability considerably, all the while ensuring that your product's quality remains top-tier.
<h2>The Importance of Cutting Manufacturing Costs</h2>
Amid the symphony of a successful business operation, every note counts, from the grandiosity of revenue generation to the subtle yet critical sotto voce of cost management.&nbsp;
Focusing on the latter, cutting manufacturing costs &ndash; now that's one melody every manufacturing maestro seeks to master.&nbsp;
But why, you may wonder, should it be deemed such significant attention?
<h3>Crafting Competitive Advantage</h3>
When we talk about the benefits of curtailing manufacturing costs, we're not just orchestrating a singsong of increased profits. It's about composing a masterpiece of operational efficiency that leaves its trace on every note of your business symphony. Cost-effective manufacturing fine-tunes your pricing strategy, elevates your market positioning, and optimizes resource allocation to a pitch-perfect tune.
<h3>Harmonizing Efficiency &amp; Sustainability</h3>
Reducing manufacturing costs creates a mindful symphony of efficiency and sustainability, where resource consumption meets productivity, and waste steps back into the wings. It's this tile in the mosaic of your business operations that contributes to not just financial health, but environmental wellbeing too.
<h3>Performing in the Global Coliseum</h3>
In the gladiatorial arena of the global market, firms armed with cost-effective manufacturing processes are the real contenders. Accompanied by this rhythm, they dodge setbacks, leap over financial hurdles, and meet customer demands, all without crumbling under the weight of exorbitant costs.
<img src="https://content.erip.me/api/assets/lalaaji-prod/c5b11587-c4db-48bd-94d0-6699b370da8f/lalaaji-3-.png" alt="Lalaaji (3)" />
<h2>Smart Ways to Reduce Manufacturing Costs</h2>
Every entrepreneur dreams of achieving business success.&nbsp;
One way of achieving business excellence is reducing manufacturing costs without compromising quality or productivity.&nbsp;
In this overture, we'll explore smart, strategic ways to fine-tune your manufacturing process and curtail costs, all while orchestrating harmonious growth.
<ul>
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<h3>Analyze Your Expenditures</h3>
</li>
</ul>
Take center stage and scrutinize your business expenses with a keen eye. Break down costs into categories like raw materials, labor, overhead, and other incidentals.&nbsp;
Identify the crescendo of expenditure and study its rhythmic value within the manufacturing process, finding opportunities to compose a leaner spending structure.
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<li aria-level="1">
<h3>Streamline Production Processes&nbsp;</h3>
</li>
</ul>
Twirl through your production lines and find ways to improve efficiency. Refining operational processes for higher efficiency is a cornerstone of cost reduction. Here are two ways you can achieve this:
<ul>
<li style="font-weight: 400;" aria-level="1">Standardization: Adopt harmonized practices, simplify processes, and reduce the time and effort of your operations.</li>
<li style="font-weight: 400;" aria-level="1">Maintenance: Keep your equipment in tip-top condition to prevent costly repairs and production downtime.</li>
</ul>
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<li aria-level="1">
<h3>Technological Upgrades&nbsp;</h3>
</li>
</ul>
Imagine a world where advanced technology uplifts your manufacturing prowess. Leverage technology to revolutionize your manufacturing operations.
Let automation, AI, and modern machinery take center stage in this digital rendition:
<ul>
<li style="font-weight: 400;" aria-level="1">Automation: Embrace automated systems to streamline workflow, minimize errors, and pick up the tempo of production.</li>
<li style="font-weight: 400;" aria-level="1">AI: Utilize machine learning algorithms and artificial intelligence tools to identify inefficiencies and optimize processes.</li>
</ul>
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<h3>Budget-Friendly Supplier Hunt&nbsp;</h3>
</li>
</ul>
Embark on a quest for suppliers offering quality raw materials at reasonable rates.&nbsp;
Suppliers play a crucial role in manufacturing, and optimizing procurement can lead to substantial cost reductions. This involves negotiating with existing suppliers for better prices and payment terms or finding alternative suppliers who can offer better deals.
Weigh factors like distance, delivery times, and reliability as you shortlist the finest candidates to form your cost-effective supply chain alliance.
<ul>
<li aria-level="1">
<h3>Lean Manufacturing&nbsp;</h3>
</li>
</ul>
Lean manufacturing, a term coined by Toyota's production system, is a concept that focuses on the systematic removal of waste in the manufacturing process.&nbsp;
In this business excellence performance, less is more. Conquer waste and inefficiency with this dazzling pas de deux:
Implementing lean practices, like:
<ul>
<li style="font-weight: 400;" aria-level="1">Just-in-Time Production: Manufacture only what's needed, right on time, thereby reducing inventory costs.</li>
<li style="font-weight: 400;" aria-level="1">Continual Improvement: Strive to better your manufacturing process, eliminating inefficiencies gradually, measure by measure.</li>
</ul>
<ul>
<li aria-level="1">
<h3>Outsource the Extras</h3>
</li>
</ul>
Whisk away non-essential tasks to outsourcing partners and shine a spotlight on your core manufacturing activities.&nbsp;
Contract out services like security, logistics, and account management to reduce overhead costs and focus on your main production.
<ul>
<li aria-level="1">
<h3>Improve Product Design</h3>
</li>
</ul>
Simplifying product design can often lead to cost savings in manufacturing. It can decrease the utilization of fewer materials, reduce manufacturing process steps, and lead to lower failure rates.
Also, value engineering might involve changing a product's design or materials to optimize its cost-effectiveness without compromising quality. This approach focuses on improving a product's function while identifying and removing unnecessary costs.&nbsp;
<ul>
<li aria-level="1">
<h3>Energy Conservation&nbsp;</h3>
</li>
</ul>
Become an eco-friendly virtuoso and cut costs by embracing energy conservation in your manufacturing process. Implement energy-saving measures such as using energy-efficient machines or adopting renewable energy solutions.
<ul>
<li style="font-weight: 400;" aria-level="1">Energy-Efficient Manufacturing: Energy-efficient machinery and equipment can significantly reduce energy costs. Investing in energy-efficient technology may incur upfront costs but will help save on utility bills in the long run.</li>
<li style="font-weight: 400;" aria-level="1">Waste Recycling: Waste recycling can lead to cost savings. Unused raw materials, packaging waste, and other manufacturing by-products may be returned, reused, or sold, adding a stream of revenue or cost reductions.</li>
</ul>
<ul>
<li aria-level="1">
<h3>Employee Training Crescendo&nbsp;</h3>
</li>
</ul>
Transform your employees into skilled maestros with training and development programs. Boost productivity, cultivate workforce efficiency, and minimize operational waste, resulting in a cost-effective crescendo that resonates with success.
Additionally, a flexible workforce allows companies to adjust labor resources according to the fluctuating demand levels, avoiding unnecessary labor costs during slow production periods.
<ul>
<li aria-level="1">
<h3>Monitor Your Progress - KPIs&nbsp;</h3>
</li>
</ul>
Keep a watchful eye on the effectiveness of your cost-reduction strategies by measuring Key Performance Indicators (KPIs) like cost per unit and total production costs.&nbsp;
Regularly review your progress and fine-tune your symphony as needed.
<h2>The Bottom Line</h2>
Trimming manufacturing costs is not a solo act. It's a crucial component of a larger ensemble, with elements like greater productivity, market stand-out, and improved bottom-line results.&nbsp;
In this multifaceted world of business, cost management and profit amplification are intertwined in the hit number of economic success.&nbsp;
Remember, cultivating a balance between the two orchestrates the magnum opus that echoes through the halls of victory!

How To Reduce Manufacturing Costs - Guide For Lalaaji Seller

There is an art to everything, and this includes negotiating wholesale prices. Practice makes perfect, and with time, you too can perfect this art.
The global marketplace has created vast opportunities for businesses - big and small, to source products at competitive prices. Two noteworthy platforms enhancing this experience are Alibaba Wholesale, the global heavy-weight champion, and Lalaaji.com, a burgeoning platform in Pakistan.
The question then becomes how one should go about negotiating with suppliers for a business. There is a wide variety of negotiating tricks that may help you get the agreements you want and establish yourself as a savvy businessperson.
&nbsp;Let's jump right into the details!
<h2>Understanding Wholesale Pricing</h2>
Wholesale pricing forms the core of a riveting business strategy &mdash; 'Buy more, pay less.' This principle underpins the dynamic between manufacturers or distributors and businesses, where high-volume transactions foster lower unit costs. Central to this pricing model is the concept of economies of scale that sees costs per unit drop as the volume of purchase escalates.
As businesses explore the world of wholesale pricing, they'll encounter diverse price tiers based on the volume of their purchases. Knowing when to make these purchases can also impact the pricing outcome; holidays, stock clearance periods, and financial year-end closings may offer greater possibilities for negotiation.
The cornerstone to making the most of wholesale pricing, however, lies in forging strong supplier relationships. This ensures smoother transactions, valuable insights, competitive rates, and prompt deliveries.
Thus, navigating the wholesale pricing landscape becomes not only manageable but also a rewarding process that yields the best possible prices to support business growth.
<h2>How to Negotiate Wholesale Prices: Unlocking 7 Secret Tips</h2>
Whether you are trying to purchase Alibaba Wholesale, Lalaaji.com, or any other platform, it is crucial to understand the art of negotiation. Doing so allows you to gain the most value for your money and establish long-lasting business relationships.
Negotiating prices can be a daunting task, especially for newcomers to the e-commerce industry. But with the right set of skills and knowledge, you can successfully navigate through this process.
Here's your secret treasure map made of seven golden tips to help you navigate and crack the negotiation deals!
<h5>1.&nbsp;&nbsp;&nbsp; Strengthen Your Knowledge Base</h5>
Knowledge, they say, is power &mdash; it equips you with a sturdy shield in negotiations. When you understand the market standards, the going rates, and your competitors' strategies, you're better positioned to set and argue for realistic and beneficial price points.
<h5>2.&nbsp;&nbsp;&nbsp; Maintain Clear Communication</h5>
The cornerstone to successful negotiation lies in understanding, and there's no understanding without clear communication. Ensure your demands are well-articulated and understood. The fewer the confusions, the smoother the negotiation.
<h5>3.&nbsp;&nbsp;&nbsp; Leverage Your Purchase Volume</h5>
The allure of wholesale lies in high-volume purchases, and suppliers are aware of this. Plan for bigger orders that you can confidently commit to; this not only increases your negotiating power but also sends a strong signal of your intent, swaying the scales of negotiation in your favor.
<h5>4.&nbsp;&nbsp;&nbsp; Show Respect</h5>
Negotiations, at their core, are a balance of power dynamics. While it's important to assert your needs, it's equally crucial to maintain a respectful and professional demeanor. A positive approach fosters mutual respect and a stronger likelihood of reaching favorable terms.
<h5>5.&nbsp;&nbsp;&nbsp; Insist on Samples</h5>
Never negotiate blind. Request product samples before firm negotiations. Not only do they offer insight into product quality, but they also hint at the supplier's reliability and operation style. A small investment in samples could save you from huge potential blunders.
<h5>6.&nbsp;&nbsp;&nbsp; Engage for the Long Term</h5>
Suppliers are more likely to offer better terms to businesses envisioning prolonged dealing. Express your intention for a long-term relationship; this not only showcases your commitment but also establishes a sense of trust, making suppliers more willing to negotiate.
<h5>7.&nbsp;&nbsp;&nbsp; Develop a Negotiation Strategy</h5>
Rather than laying all your cards on the table, hold onto crucial information just a bit longer. Initiate the negotiation on terms and quantity, leaving the budget for later. It's all a chess game &mdash; wield your pawns wisely for a strategic win.
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<h2>Negotiating Prices on Lalaaji.com</h2>
Now, when it comes to applying our previously detailed 7 secret tips on Lalaaji.com, remember that the essence of traditional negotiation isn't lost in its digital interface.
So, when you click your way into Lalaaji.com, gear up with these tips to turn your digital negotiation process into an exciting journey, unearthing the best deals and bringing traditional vibraphone into the digital space.
Lalaaji.com is an acclaimed B2B marketplace connecting a global band of buyers with premium Pakistani manufacturers, wholesalers, and resellers. Negotiating prices on this vibrant platform paints a picture of traditional bargaining beautifully woven into digital threads.
Lalaaji.com, reminiscent of bustling Pakistani markets, stands as an active trading nexus teeming with potential deals. From the rhythmic patterns of local craftsmanship to the sophisticated wares of industrial manufacture, there is always a product and a price waiting for you.
But to nail the best deal, negotiation becomes your guiding star. Like the haggling that echoes through physical marketplaces, Lalaaji.com believes in the power of the bargain, and digital negotiation here takes a front seat.
Sending quotes puts the power of price negotiation in your hands, much like placing a bargain at a local shop.
<h2>The Bottom Line</h2>
Negotiation is a two-way process. It's important to be fair to both parties to develop a lasting and rewarding relationship.
Remember, it isn't just about the best price &mdash; other factors such as delivery, quality, and reliability also matter.
With these tips in hand, you can dive more confidently into your negotiations on <a href="http://www.lalaaji.com" target="_blank" rel="noopener">Lalaaji.com</a>

How To Negotiate Wholesale Prices?

Navigating the vast online marketplace can be tricky. Especially when you're sourcing products for your business on platforms like Alibaba and Lalaaji.com.
Your supplier's credibility can make or break your experience. So, how do you sift through the multitude and land a reputable supplier?
Also, let's explore how Lalaaji.com makes your task easier with its comprehensive supplier verification process.
So let&rsquo;s get started!
<h2>Lalaaji.com Verified Suppliers: Full Assurance and Trust</h2>
Lalaaji.com, like other online marketplaces, has a duty to its users to vet its listed vendors to ensure they are honest and competent. This enables a more secure transaction and provides peace of mind to purchasers.
Each supplier on Lalaaji.com is checked thoroughly before being listed. This rigorous approach goes well beyond merely verifying the company's existence to offer full confidence.
Here's how Lalaaji.com ensures supplier credibility:
<img src="https://content.erip.me/api/assets/lalaaji-prod/3833d289-c23a-47b9-a20a-6954e972083d/how-to-determine-a-supplier-s-credibility-a-comprehensive-guide-background.png" alt="" width="800" height="500" />
<h3>Rigorous Verification Process</h3>
Lalaaji.com's supplier verification process is thorough, guaranteeing that only legitimate companies are allowed to use the site. To ensure that their suppliers are legitimate, they conduct thorough checks with local authorities such as tax offices, company registration offices, and commercial agents.
The person running the company on Lalaaji.com also has to have their affiliation with the company and their authority to do business on the site verified.
Taking this multi-pronged approach to security helps ensure that the platform continues to meet its high standards and provides users with a safe and reliable environment.
<h3>Business Existence Verification</h3>
The first part of the supplier verification procedure is to make sure the company exists. This necessitates the verification of proper legal papers, licenses, and operating permissions. Lalaaji.com ensures that the company is real and operating legally within the jurisdiction in which it operates.
<h3>Thorough Background Assessment</h3>
Lalaaji.com investigates each potential supplier extensively to learn as much as possible about their history, position, and reputation. They take a close look at the company's background, market presence, consumer feedback, financial soundness, and legal problems.
<h3>Product Quality Checks</h3>
The importance of quality assurance in supplier interactions cannot be overstated. Lalaaji.com performs extensive quality tests on all items to guarantee their authenticity to customers. The supplier's production procedures and quality control techniques can be evaluated, as well as the product samples themselves.
<h3>Additional Standards for Verification</h3>
Additional routine inspections are carried out to guarantee that the quality of services provided by vendors is up to par with the standards of the platform. This can include delivery times, after-sales services, communication efficiency, transparency, and willingness to adapt to buyers&rsquo; needs.
<img src="https://content.erip.me/api/assets/lalaaji-prod/173d594b-c81f-418e-a173-b7d8f213eac0/how-to-determine-a-supplier-s-credibility-a-comprehensive-guide-review.png" alt="" width="800" height="500" />
<h3>Buyer Reviews and Ratings</h3>
Lalaaji.com promotes open feedback between buyers and sellers, allowing for a more accurate evaluation of vendors' offerings.
<h2>A Word at The End</h2>
Checking a supplier's credibility is vital for successful business transactions. Especially when ordering large quantities of products online.
Alibaba verified supplier system and Lalaaji.com offer unique verification systems. Alibaba lets you shift through suppliers and assess their credibility using various indicators. Whereas, Lalaaji.com streamlines the process, verifying each supplier before they list their products.
Whether you choose Alibaba's verified supplier approach or Lalaaji.com's comprehensive verification, the end goal is trust. Knowing your supplier is legitimate and reliable ensures smooth transactions and peace of mind.
Remember, a credible supplier is not just a provider. They're a valuable partner in your business journey.

How To Determine a Suppliers Credibility? A Comprehensive Guide

The buying and selling of products and services across international borders is a challenging procedure. Competitiveness in today's global market necessitates that exporters provide buyers with enticing sales terms and appropriate payment options. It is essential to pick a payment option that minimizes risks and satisfies the needs of the customer to ensure that you get paid in whole and on time for export sales.
Knowing the ins and outs of the various payment methods used in international trade is crucial for safe and effective international money transfers.
This article discusses&nbsp;the five most often used payment methods in international trade and provides helpful advice for deciding which one is best for you.
<h2>1.&nbsp;&nbsp;&nbsp; Cash in Advance: A Secure Payment Option </h2>
In international trade, cash in advance is a safe mode of payment in which the buyer pays for the products before they are shipped. You can pay with a credit card, a debit card, or an international wire transfer.
This method is advantageous for the exporter since it guarantees payment before the items are sent. However, it places a heavy burden on the importer, who must pay the whole amount before receiving the goods.
International&nbsp;payment is a tricky trading act. Exporters may want payment in full before they release their goods. However, if clients go elsewhere for suppliers with more accommodating payment policies, their sales and growth prospects may suffer. In most cases, accepting a variety of payment methods, including cash in advance, will result in more sales and higher-quality purchasers.
<h2>2.&nbsp;&nbsp;&nbsp; Documentary Collections: A Conservative Approach</h2>
Documentary collections serve as a risk-neutral payment alternative for both exporters and importers. In this system, the exporter ships the products and the importer's bank receives the appropriate documentation, like the Bill of Lading, from the exporter's bank.
Both "Documents against Payment" (DAP) and "Documents against Acceptance" (DA) are common practices within this payment period. While DA allows for payment to be made at a later date, DAP guarantees payment upon document verification immediately.
Documentary collections are easier to set up and less expensive than letters of credit; but, because they are based on records rather than commodities, quality faults are more difficult to uncover until payment is made.
<h2>3.&nbsp;&nbsp;&nbsp; Letter of Credit (L/C): A Reliable International Payment Method</h2>
The Letter of Credit (L/C) is a common and trusted payment approach in international trade. In this arrangement, the importer's bank promises the exporter money if certain requirements are met. Instead of evaluating the items themselves, the letter of credit focuses on ensuring the authenticity of the supporting paperwork.
To secure a letter of credit (L/C), importers often need to demonstrate their financial stability to their bank. This approach is appropriate for exporters who are unsure of the importer's creditworthiness or for those who are just starting in international trading.
<h2>4.&nbsp;&nbsp;&nbsp; Open Account Terms: A Risky Approach</h2>
In international trade, "Open Account Terms" (O/A) refer to a payment schedule in which the seller ships the product to the buyer before receiving payment. While importers might benefit from this method of payment, exporters take on more risk. Open accounts are popular among international purchasers because of the convenient payment-after-receipt structure they provide.
&nbsp;However, to avoid financial conflicts and ensure successful transactions, both importers and exporters must perform rigorous study and analysis before engaging in such contracts. Exporters may see an increase in sales through O/A, but there is no assurance of prompt payment and cancellations are possible.
<h2>5.&nbsp;&nbsp;&nbsp; Consignment Trade: A Method with Inherent Risks</h2>
Consignment refers to a payment arrangement wherein the exporter promptly dispatches the goods, but the payment is received only upon the sale of the commodities to the end consumer. The ownership of the items will remain with the exporter until the sale is officially completed. Buyers derive advantages from the expeditious fulfillment of their orders, while exporters realize cost savings by circumventing the necessity of product storage. The utilization of consignment occurs when there exists a mutual trust between the buyer and seller, the items in question are highly sought after, and the seller possesses a strong sense of confidence in their capacity to successfully sell said items.
The importer experiences reduced risk associated with this particular payment method, while the exporter encounters heightened exposure. Exporters rely on reliable distributors and business partners to ensure the secure delivery of their consignment shipments.
<h2>Lalaaji.com: Offering Secure Payment Options For Sellers and Buyers</h2>
Businesses engaging in international trade must place a premium on making the correct choice of payment options. There are a variety of banking and electronic payment methods available to meet the needs of the international trading community. By providing safe payment methods, B2B platforms&nbsp;like <a href="https://www.lalaaji.com/">Lalaaji.com</a> boost customers' confidence in their dealings.
The goal of Lalaaji Payment Protection is to make online purchases risk-free and reliable. Users are ensured a safe and enjoyable trade experience thanks to this buffer zone. Through several checks and balances, the website makes sure the platform is always secure and trustworthy for traders everywhere.
Users are more likely to have faith in a service if they see that it is transparent and efficient. That is why Lalaaji.com offers various payment methods. A buyer can make a purchase and pay using their choice of debit card, credit card, or online banking. However, sellers are obligated to provide their bank account details to Lalaaji.com to facilitate direct payments into their designated accounts. This process is initiated upon the buyer's approval of the delivered product.
With the help of Lalaaji.com, businesses can do international business with complete confidence and safety.

Top Payment Methods For International Trade: A Comprehensive Guide

When it comes to running a business related to e-commerce, nothing is more valuable than your inventory. As a businessman, your responsibility is to ensure that you have enough material to meet the demand but not the amount that can go to waste.
Unfortunately, purchasing inventory can be a tad bit complicated. For one thing, you have to put in the time and effort to find a suitable supplier offering materials at reasonable rates. And then you will also need to ensure that the supplier is willing to allow you to order the appropriate amount.
This is where MOQ or minimum order quantity comes into factor. The manufacturers will expect you to buy enough so they can have cost-effective production while simultaneously making a profit. Ever wonder why you are encouraged to buy a dozen eggs at once instead of a single one when you need it? Yes, it's MOQ that's playing a role here too.
<h3>An Introduction To MOQ: What You Should Know About It</h3>
MOQ stands for Minimum Order Quantity, which refers to the smallest number of products a supplier is willing to sell to a buyer in a single order. It plays a vital role in trade as it helps both suppliers and buyers to manage their inventory efficiently.
When a supplier sets a MOQ, it ensures that production costs are covered, and economies of scale can be achieved. For buyers, MOQs determine the minimum quantity they need to purchase in order to place an order with a supplier.
While some might view MOQ as simply a requirement imposed by suppliers, its significance extends far beyond that. Firstly, MOQ helps suppliers maintain a stable production schedule and efficient inventory management.
By setting a minimum order quantity, suppliers can avoid the hassle of producing small quantities, which often leads to increased costs and logistical challenges. MOQ also allows suppliers to give better pricing to buyers, as bulk orders can help streamline production and reduce per-unit costs.
Furthermore, MOQ offers buyers the opportunity to negotiate better terms and prices with suppliers. By committing to larger orders, buyers can leverage their purchasing power and secure more favorable deals.
On the other hand, understanding the importance of MOQ helps buyers make informed decisions about which suppliers to engage with and the implications it may have on their own inventory management.
<img src="https://content.erip.me/api/assets/lalaaji-prod/3eafc206-a11a-4295-b438-5aada3915c13/what-is-moq-and-why-is-it-important-for-the-trade1.png" alt="" width="800" height="500" />
<h3>Role Of MOQ In International Trade</h3>
Setting and adhering to MOQ requirements is crucial for businesses looking to maximize profitability and maintain efficient operations in the international trade market.
It is a key factor in the trade industry as it helps manufacturers and suppliers efficiently manage production and inventory levels.
By setting a minimum order quantity, businesses can ensure that their production runs are economically viable and that the cost of manufacturing is spread across a sufficient number of units. This helps to keep production costs low and allows businesses to offer competitive pricing to their customers. Additionally, MOQ plays a role in reducing transportation and logistics expenses, as larger volume orders are more cost-effective to ship.
As a business owner, you must strive to negotiate lower MOQs in order to minimize your inventory risks and reduce upfront expenses. By negotiating lower MOQs, businesses can increase their flexibility, as they are able to order smaller quantities and test the market demand for a product before committing to larger orders.
This approach allows companies to manage cash flow more efficiently and mitigate potential losses. Moreover, by negotiating lower MOQs, businesses can also explore new market opportunities, as they can introduce a wider range of products without taking on excessive risk.
Calculating the MOQ involves various factors, such as production capacity, transportation costs, and market demand. By determining the MOQ, businesses can effectively plan their inventory management, negotiate pricing with suppliers, and optimize their supply chain. Understanding how to calculate MOQ for international trade is essential for businesses aiming to succeed in the global marketplace.
<h3>Use MOQ To Your Advantage</h3>
Naturally, you would want to negotiate lower MOQ to benefit your businesses. There are some tactics you can use for the purpose.
For starters, always make it a point to narrow down two or three suppliers so that you can compare prices. Put in adequate time to research and compare prices to get a fair idea of the prices of your target products and their market value.
Exhibit great confidence while negotiating with suppliers. This will indicate that you are a serious client interested in doing business with them. Focus on building a long-term partnership. Lastly, ensure that you keep your MOQ level acceptable to both parties. The goal is to come up with a deal that leaves no one with the shorter end of the stick.
And if you are in search of a reliable platform that will make it easier to access trustworthy suppliers willing to meet you halfway with MOQ, don't forget to check out <a href="http://www.lalaaji.com" target="_blank" rel="noopener">www.Lalaaji.com</a>. You will not be disappointed.
&nbsp;

What Is MOQ And Why Is It Important For The Trade?

<h3>Create your own product line which will stand out, Some tips and guidance.</h3>
Okay let&rsquo;s establish a scenario where you are running a successful online ecommerce business, with of course bearing in mind that all the production is sourced from an ethical manufacturing facility. You have your clothing line, and you like to add and expand your brand, every entrepreneur would love to do that. Expanding your line will offer your existing customers a diversified assortment and it possibly will attract &lsquo;new&rsquo; customers in search of that specific new product you are going to launch.&nbsp;
Developing new products will surely widen your target market reach, not just that essentially you will be able to maintain contact with your existing customer base. &lsquo;HEY&rsquo; a new product is going to be launched soon, visit the store for more information... something along that line! Let&rsquo;s dive into what a product line is and how you can start one.
<h3>What is a product line?</h3>
A unique developed product which may have similarities with other products in the market. But you will have your own brand name on it and the message you like to give with your designs. All products are being marketed under one particular name, let's call it &lsquo;lalaa&rsquo; but still the products are different from each other. A product line may have differences in the colour, size, design, and some other features such as zipper etc. For example, Hugo boss offers a large variety of suits which are different to the casual or sport wear they have in their other assortment.&nbsp;
<h3>How to start a product line?</h3>
There will always be a percentage of fear regarding the new line, whether it&rsquo;ll take off as expected or not. Let&rsquo;s pre-plan in order to minimise that fear or completely eradicate it.&nbsp;
<ul>
<li aria-level="1">Conduct extensive market research and define your audience.</li>
<li aria-level="1">Give the consumer a proposition that is unique.</li>
<li aria-level="1">Develop a marketing strategy and be flexible to pivot.</li>
<li aria-level="1">Create your first sample, and think big, start small but act now.</li>
</ul>
<h3>Here are some guidelines to support you in making the step to initiate your product line.</h3>
Conduct extensive market research and define your audience.
For whom do you like to develop a product? Carry out your market research in order to obtain critical information what your desired market likes. Knowing your audience will encourage you to make something innovative which your audience is looking for or they do not know that they are looking for such a product, ensure that your product comes In Front of their eyes. Closely observe the behaviour of your target market, carry out questionnaires and try to obtain as much information as you can. Direct asking for feedback from potential or existing customers is vital so you know what you have to produce.&nbsp;
Example; Big brands like Suit supply continuously carry out market research in order to produce more and more innovative likeable products. Before they launch a new product, they have already thought about who is going to buy and how we will ensure that they get to see our new product. Therefore, maintaining a sustainable healthy relationship with your customers is very important as it gives you vital information to expand further.&nbsp;
<img src="https://content.erip.me/api/assets/lalaaji-prod/e189233e-a238-4cde-b953-66454874d5d2/create-your-own-product-line-which-will-stand-out-usp.png" alt="" width="800" height="500" />
<h3>Give the consumer a proposition that is unique.</h3>
Okay hold on now. This is important! Focus.
Why would the customers want to buy this product from you and not from others? Meaning, you have to make sure that your products are different from others. You have to come up with a &lsquo;USP&rsquo; (unique selling point) which will sell. That can be anything from material, price, purpose, mission, quality and what not. Whilst you are developing your USP make sure that your USP is bringing value to your (potential) target audience. This will require a lot of brainstorming and thinking outside of the box. The information gathered from customers in the market research stage, use that to your advantage. Create a product your customers will benefit from and that they should purchase from you not from the next-door neighbour.&nbsp;
<h3>Develop a marketing strategy and be flexible to pivot.</h3>
First of all, always believe in your product. Depending on the budget of your marketing, think which road you&rsquo;d like to take first. Essentially, it is about creating awareness and making sure your product is seen or is being searched. A combination of SEO marketing, Digital marketing, social media marketing and many others can be used to go viral. Prepare a custom-made marketing campaign that is meant for your target audience will surely be helpful as it will come under their search radar. Be on top of your operations, ensure you are ready with your campaign so that there will be no delay in starting off with your marketing campaign on the day of product launch.&nbsp;
<h3>Create your first sample, and think big, start small but act now.</h3>
Before you start testing your products with your target audience, test it yourself by ordering samples or mini-sample orders. Fix what needs fixing in your imagination and then go to your customers. A product that solves the needs of your audience and connects with your company&rsquo;s vision. Beware that you may need multiple testing rounds to see whether colour, fitting, feature, functionality and so on is correct. The more you start testing and introducing products that speak out loud the vision of the company and the needs of the customer, the better the product line eventually will become. You will have gathered a ton of information which you can use to develop &lsquo;finished&rsquo; piece(s) in your product line. Whenever you are ready with launching the final product after rigorously testing, you better make sure you will be loud and start creating a hype around your &lsquo;NEW&rsquo; product line.
<h3>Some valuable tips:</h3>
<ul>
<li aria-level="1">Be flexible when it comes to designing your product. Use various methods such as; website landing pages, surveys, email marketing etc to gather information on what sort of products your target market shows the most interest in. Very promptly make something that resembles what your target audience was telling you during your market research. You have to know this beforehand and get rid of the fear of redeveloping several times and changing the product in order to attain success.</li>
<li aria-level="1">Your product must have an identity or differently put your brand must be known and visible to the customers. Bringing in consistency in your product line is utmost important. Also, distinguish your new product line from your existing line if you have one.&nbsp;</li>
<li aria-level="1">Talk to not just one supplier but develop several relationships with suppliers to divide the risk and not just depending on one supplier. For example, you can explore suppliers from Pakistan through Lalaaji.com, you can also explore Chinese suppliers through Alibaba.com. You may want to explore all regions and build business relations in various countries so that you never have the fear of losing out on supply.</li>
<li aria-level="1">Make room for your growth. You are launching a new product, you may end a product line which is performing very poorly, communicate this with your manufacturer and be transparent about it.&nbsp;</li>
</ul>
Best of luck in launching new innovative products, and always you have a broad imagination and vision so that your belief becomes stronger and your passion is visible in your brand.&nbsp;
Want to know how to use a B2B marketplace? Read this <a href="https://www.lalaaji.com/blog/how-to-use-b2b-marketplace-2023" target="_blank" rel="noopener">blog</a>

Create your own product line, which will stand out!

Buying custom t-shirts in bulk can be an easy or daunting task, depending on your experience level with this type of activity.
As most people are used to buying readymade t-shirts in convenience stores, the knowledge and experience to procure and purchase custom designed t-shirts is something that we will explain in this blog post.
<ul>
<li>Start with the design</li>
</ul>
Design is something that is essential, you probably already know this. However, when we say design we are not just referring to colors, logos, adhesive patches, color prints; etc. Rather, we are referring to the full design of the skeleton outline chart of your t-shirt; also referred to as a &ldquo;size chart&rdquo;.
Size chart
A size chart is a technical drawing that shows an outline of the following aspects of your t-shirt design:
<ul>
<li aria-level="1">Chest circumference</li>
<li aria-level="1">Sleeve length</li>
<li aria-level="1">Shoulder width</li>
<li aria-level="1">Length of your t-shirt</li>
<li aria-level="1">Bottom width of your t-shirt</li>
</ul>
Any colors &amp; design elements that you want to apply on top of this outline need to be included as well.
Ideally this design would be created by a professional designer but if you would rather do it yourself Lalaaji.com is more than happy to provide you with a free template.
<ul>
<li>Order a sample</li>
</ul>
It&rsquo;s absolutely crucial that you do not make a production order without having a final production sample in hand which has been verified and approved. Even if the factory is trying to convince you of their extensive experience and many customer success stories, it's still extremely important that you do this as there is always a communication gap in understanding between the buyer and the seller producing your t-shirt.
<img src="https://content.erip.me/api/assets/lalaaji-prod/c90caeaf-0fb8-4c14-951a-cec6377c6127/how-to-buy-custom-t-shirts-in-bulk1.png" alt="" width="800" height="570" />
<ul>
<li>Quality assurance</li>
</ul>
Once you receive a sample verify it in detail. Look at the fabric that was used, look at how the collar was cut and stitched, look at the quality of the stichting or printing of any design elements. Even go so far as to verify the quality of the tags and labels that were attached.
Often sellers will try to skimp on the tags, don&rsquo;t allow this. We also recommend washing the t-shirt 3-5 times to see what happens with any prints and or coloring.
<ul>
<li>Repeat</li>
</ul>
If you are unhappy with the initial sample, repeat the sample ordering process! We can not stress the importance of having a final production sample in hand as this is the single most important factor that will guarantee a successful production batch. Not sticking to this rule can potentially ruin your whole batch and put you in a loss.
Even if the seller says that he can make a small tiny adjustment in the production run, ask him for the final sample before providing approval. We have seen orders fall through even in this phase.
<ul>
<li>Put in your order</li>
</ul>
Only when you have your exact final sample in hand, give the order for the production run. Make sure not to pay all the costs upfront. A typical scheme would be 40% upfront, 40% on completion, 20% on shipping. But feel free to negotiate hard to align on a payment schedule that minimizes risk for you as a buyer.
If you need any help with your production and or t-shirt samping, reach out to us at info@lalaaji.com and we will be happy to assist you!
If you want to know How to start a B2B-ecommerce company? read this <a href="https://www.lalaaji.com/blog/start-b2b-ecommerce" target="_blank" rel="noopener">blog</a>
&nbsp;

How to buy custom t-shirts in bulk?

<h2>Is the Human influence still relevant in the fashion industry despite the revolutionary AI?</h2>
We&rsquo;re now approximately 6-12 months into the narrative that AI tools will replace the human influence in the fashion industry. In that case, how come we haven&rsquo;t seen more fashion &lsquo;experts&rsquo; pop up despite having an AI tool available?
<h3>Hi Siri, help me find the best outfit for my beach party!</h3>
It is a fact that the fashion industry is rapidly evolving and leveraging the power of the AI tools to their advantage. Companies are definitely killing it in the e-commerce space!&nbsp;
Algorithms identify your buying and taste pattern will help assemble your future outfits, perhaps? Companies like Psykhe which is a fashion app has significantly increased its conversions. They are using a unique method of combining machines with psychology which results in providing personal recommendations for individuals. There is no question about the fact that AI tools will allow companies to grow faster, right? Nor, is there any doubt about their memory capacity available on the dot.net planet.&nbsp;
However, there is one thing which is missing which is not out there as of yet. That one important thing which is so important and that often comes by mistakes, fails, errors and what not. That one thing is called &lsquo;compassion&rsquo;!&nbsp;
A computer can store and learn a lot! But can it develop real compassion though? Human stylists dive deep into understanding the customers or genuinely speaking identify the need. I mean if you want to increase sales and use algorithms in order to maximise your sales by looking at previous buying patterns of customers, yes AI will nail it for you. When it comes down to uniqueness and diving deep into the comfort of customers, human stylists are the best in empowering people by creating a masterpiece that whispers confidence in the mind of their customers. The ability to see how one turns, walks, hears, talks is still picked up by a human eye that develops the exact piece which matches your personality.&nbsp;
<img src="https://content.erip.me/api/assets/lalaaji-prod/8d019e35-a8e9-4dd7-930f-bc0494247dcb/can-ai-replace-humans-in-the-fashion.png" alt="" width="800" height="447" />
<h3>The world is your catwalk.</h3>
Modelling is an art. A beautiful way of showcasing a product which the naked human eye wants to see before a decision is made. It is applaudable how much effort goes into being a model, on the catwalk. The catwalk is in every corner of the world, travelling across continents, countless video/photo shoots and so elegantly showcasing clothes is inspiring. Models reach millions of people worldwide; different types of audiences have different types of models too! It is all taken care of. But have we thought of the scenario: what if these models are not travelling physically anymore to various continents? What if they start appearing in the digital space, becoming a virtual supermodel?
FIA introduced a <a href="https://www.fialondon.com/projects/hyper-realistic-meta-catwalk/" target="_blank" rel="noopener">META-Catwalk</a> what showcases how AI-generated imagery can be intergrated with real-life runway.
There are famous AI fashion models around. Some of them have millions of followers in the social media community. With today&rsquo;s technology you can make your virtual model look as real as it can get. One of the world&rsquo;s first supermodel &lsquo;Shudu&rsquo; has a follower&rsquo;s base of 238k on Instagram. Big brands like Prada and Calvin Klein have already done shoots with digital models featuring together with celebrities such as Bella Hadid and Bobby Brown. Long story short the digital super models can replicate human models and that can be done without having to travel and catch planes to different continents. No more hair stylists needed for the digital supermodels, no accommodation required and of course no food or diet! It definitely makes it less time consuming and cost effective, but is it ethical? Or is this the future of modelling? The digital super model vs Human supermodel is approximately 50% cheaper. However, it is not always about cutting costs. Research/evidence is telling a different story. Customers tend to still react better when they see clothes moving and when it sits on a real human body, observing the piece of clothing in various body movements.&nbsp;
<h3>The human influence</h3>
Fashion is a work of art which requires real compassion. A real human nature feeling which a computer, or a bot may never possess. Regardless, AI is here for the long run and it surely will work miracles. The fashion industry should optimise works for AI where needed but the power and the valuable influence of human capacity should always stay with the human touch.
&nbsp;

Can AI replace humans in the Fashion industry?

There's no denying that Alibaba has become the go-to platform for businesses looking for clothing suppliers and manufacturers. Alibaba offers a wide range of products and services, and clothing is one of the most sought-after categories on the platform.
The platform's easy-to-use interface allows businesses to search for clothing manufacturers based on specific keywords, such as sweaters or t-shirts. Moreover, Alibaba offers a wide range of pricing options, allowing businesses to find manufacturers that fit their budget requirements.
Overall, Alibaba is an excellent source for finding clothing manufacturers due to its vast supplier network, easy-to-use interface, and competitive pricing options. But despite its many lucrative features, the platform still has some limitations, due to which finding a suitable alternative for your source of clothing manufacturer becomes a necessity.
Yes, Alibaba is a popular platform that connects businesses with suppliers and manufacturers. But there are a few other factors to consider too. One of the main concerns is quality control.
While there are many reliable suppliers on Alibaba, there are also a number of scammers present on the platform. Additionally, Alibaba's mass market appeal may make it difficult to find unique or niche products. If you don't want to incur heavy losses, it's important to vet potential manufacturers and suppliers carefully and to request product samples before placing large orders. Here are some worthy alternatives to Alibaba that will not let you down.
<h2>The Alternatives To Alibaba For Finding Clothing Manufacturers You Should Consider</h2>
Remember, no matter what your budget is, you must ensure that your clothing manufacturer pays the utmost attention to quality. Additionally, it will be beneficial for your business if you look for a supplier with lower shipping costs. So what are your best options? Let's take a look.
<h3><img src="https://content.erip.me/api/assets/lalaaji-prod/8be5e9b1-fd5a-4a21-989a-80bba4b72999/is-alibaba-a-good-source-for-finding-clothing-manufacturers.jpg" alt="" width="800" height="500" /></h3>
<h3>AliExpress</h3>
Owned by Alibaba, AliExpress is one of the biggest online marketplaces in the world where businesses can come across many clothing manufacturers. It is a platform where you can easily compare and connect with suppliers that are offering a variety of trendy fashion pieces at great prices.
Whether you are in search of streetwear, sportswear, or high-end fashion, AliExpress provides you with an extensive list of verified suppliers with just a few clicks. What's great about the platform is that it offers buyers secure payment options and even offers a refund service if the products delivered don't meet the expected standards.
However, the platform is not without problems. For one thing, it can be challenging to find a reliable clothing manufacturer on the platform. Many of the suppliers on AliExpress offer low-quality products that do not meet the customer's high standards. Additionally, some suppliers misrepresent their products, which can lead to discrepancies in the order received. So you must be highly cautious while using this one.
<h3>Dhgate</h3>
If you are looking for a good source for finding clothing manufacturers, Dhgate is a great place to start. The website effectively connects you with reliable and cost-effective clothing manufacturers that can fulfill your bulk orders and specific requirements. From casual wear to luxury pieces, Dhgate has a range of reputable clothing manufacturers that cater to various styles and budgets.
But keep in mind, Dhgate does not have strict vetting processes for their manufacturers, leaving room for scams, low-quality products, and unreliable partners. It is important to take the time to ensure that the clothing manufacturer you choose is reputable, reliable, and has a good track record for producing high-quality products.
One way to do this is by asking for references and samples before making any agreements. So, you should be prepared to invest considerable time and effort into finding the right clothing manufacturer on this platform.
&nbsp;
<h3><img src="https://content.erip.me/api/assets/lalaaji-prod/b5c101d6-7c99-41fc-b8a0-e8cd5877ca59/how-can-we-sell-customizable-products-on-lalaaji.com.png" alt="" width="800" height="604" /></h3>
<h3>Lalaaji.com</h3>
If you want to connect with reliable clothing manufacturers from all over the world who would cater to your requirements to perfection, this one's an excellent option. Indeed, it boasts of empowering innumerable sellers globally. With Lalaaji.com, you have the opportunity to leverage the power of the internet to its full potential.
The best part about this platform is the incredible support it offers to all its sellers and buyers. You can use Lalaajil.com to optimize your operations, ensuring that you get competitive results beneficial for your business.
Additionally, it's pretty user-friendly. You can get started with merely three simple steps. It won't take you long, and you will find abundant clothing manufacturers waiting to provide you with their best possible services.
<h2>Let Your Business Flourish With The Best Clothing Manufacturer</h2>
In the present day, the internet has become an invaluable tool for companies to connect with manufacturers to source quality products. There's no limit to the market you can reach out to. However, you have to be careful, as fraudulent suppliers are pretty rampant too.
Amidst the plethora of options, it's Lalaaji.com that always manages to stand tall. Remember, the right clothing manufacturer not only meets the desired quality standards but also ensures timely and cost-effective delivery of products. And this is where Lalaaji.com excels!

Is Alibaba A Good Source For Finding Clothing Manufacturers?

There are more and more customers around the world who are prioritising customised &amp; personalised products. The demand for this is increasing, therefore suppliers should respond to this demand immediately in order to cash in more orders. The time is perfect to offer custom products as this trend is increasing in every industry and niche, as well as that it is a critical component for buyers to decide whether to buy from you, if you offer customization.&nbsp;
<img src="https://content.erip.me/api/assets/lalaaji-prod/88b411c3-aff0-4add-be79-3d6c9aa01038/how-can-we-sell-customisable-products-on-lalaaji.com-.png" alt="" width="800" height="450" />
<h3>Definition of customizable products</h3>
Customization of products means that the customer will be selecting different components in order to specify the product the customer requires. For example, features like colours, functionalities, colour, sizing, zipper, and many other options in order to produce a unique item. With customization sky's the limit, you can customise everything and anything. Most likely the product created will be something which is not available in the market. Furthermore, even a small adjustment is enough to call it a customised product and differentiate it from pretty similar products in the market.
<img src="https://content.erip.me/api/assets/lalaaji-prod/fbbca64f-c4ce-4332-9f1e-39cbc7c9aa09/how-can-we-sell-customisable-products-on-lalaaji.com1.png" alt="How can we sell customizable products on Lalaaji.com?" width="800" height="450" />
<h3>Is it profitable to sell online customizable products?</h3>
Approximately 34-37% of customers are in the look out to purchase customised products. Customers are more likely to haul business owners who give them the freedom to alter the products and even better if they think more supportive in order to create something exceptional which satisfies the needs of customers. Companies who offer customisation will attract buyers quicker and probably more customers too.&nbsp;
<ul>
<li aria-level="1">Flexibility in customer requirements&nbsp;</li>
</ul>
According to McKinsey, personalised and customised products are more in demand. Almost 80% of customers expect or desire such flexibility. The customization allows businesses to meet more of the needs of customers. Instead of just focussing on 1 customer base, you can now open your doors to many others as you will be producing a unique product for every one of them.
<ul>
<li aria-level="1">Obtain Customer Loyalty</li>
</ul>
You are making a customer satisfied by meeting their needs. Sellers are going the extra mile and putting dedicated effort in producing something for their customers, this will be most likely to result in repeat orders. With repeat orders and continuously making products whatever customers&rsquo; demands, it will build up a positive relationship and that being said, this often leads to brand loyalty.&nbsp;
<ul>
<li aria-level="1">Grow your Sales</li>
</ul>
The importance of customization has been established now, let&rsquo;s look at its result. Suppliers who are offering customization/personalization are attracting more customers, leading to increased sales. Various studies have indicated that customised products play a positive factor in increasing sales by approximately 30%. Furthermore, even marketers have a much better ROI when dealing with customised products. It is a 1+1 accounting, meaning win-win situation for buyers as well as the sellers.&nbsp;
Now, how to sell customizable products on Lalaaji.com?
All the manufacturers, wholesalers, traders offer a vast variety of products from which buyers can choose and opt for their own customization. Are you ready to act with your business in customizable products online? Follow the steps outlined by team Lalaaji.
Step 1: Create user personas
First of all, it is essential to identify your customers in order to create a user persona. The importance of a user persona is simple, it will help identify different segments of your customers. Vital information will be obtained such as; where is the customer located, their details in regards to buying/selling habits. The location, age, name and so on. This enables businesses to pinpoint who their target audience is and what sort of product they need or look for.&nbsp;
Step 2: Pre-plan ahead the product you want to sell
Before you start selling the customizable products, you must understand what kind of products you actually &lsquo;can&rsquo; sell. Selling trendy and profitable products is what you need. Of course, now the million-dollar question will pop, which products sell well?&nbsp;
In order to identify this, you will have to carry out a market research/analysis to determine whether your audience will like particular products. Think of the products you already make and how would that work out when you offer a customization option for that product. It is essential to benefit from marketplaces like amazon, Alibaba and Lalaaji to see what is trending and what is popular. It can be anything from clothes to umbrellas, toys to telephone cases.&nbsp;&nbsp;
Step 3: Create what to design
Alright, now you know your buyer persona. This will make it easier to choose the right colour, design, punchline, or whatever text which your customers will like. This can be done in various ways by yourself by using amazing tools such as; Canva, or you may leverage someone else to do this for you.&nbsp;
<h3>Choosing a method to sell online</h3>
Now you have products, now the task will be how will these products be sold. We have shortlisted key methods to sell products.
You may want to pre-plan and customise certain products beforehand, as you think that&rsquo;s what customers would like and therefore you will stock them and build an inventory in order to remain on top of the demand. The other alternative is the print on demand method, meaning you will be waiting for the customer to reach out to you, in order to place an order. This is when you start customising the product according to their requirements.
Print-on-demand has become ever so popular because it gives the flexibility to work per order. This doesn&rsquo;t require the seller to own a storage to stock up inventory, so it does kind of prevent loss if there aren&rsquo;t customers to purchase that product. The other side of things is when a product is very much liked and there is extreme demand for it, it will be hard to manoeuvre to meet all the needs. Furthermore, without having the stock but the full capability to produce products on demand, you can show a large variety of products from which customers can choose.&nbsp;
Find a suitable helping partner to execute customised products.
Partner now with a designer who will customise your products for you unless you can do it yourself. There are various popular print on demand platforms who can help gain exposure as well, such as printful, printify, and Lulu express etc. <a href="https://www.canva.com/">Canva</a> is a great tool which helps to create professional designs. With the design you have created from Canva you start receiving custom orders.&nbsp;
<a href="https://www.lalaaji.com/register"><img src="https://content.erip.me/api/assets/lalaaji-prod/7030ae13-d077-47b6-9f68-02d568048fdc/how-can-we-sell-customizable-products-on-lalaaji.com-.png" alt="How can we sell customizable products on Lalaaji.com?" width="800" height="373" /></a>
Open a seller account on <a href="https://www.lalaaji.com/preregister">Lalaaji.com</a>
Ok, now you have identified the products you will sell, the method you will use to sell them, now it is the time to find a place to sell it. Opening up a seller account on Lalaaji.com you open the door for yourself to the digital world. You will have your own unique online store and you can start selling your customizable products on Lalaaji.com. a very straightforward procedure to become a seller on Lalaaji.com, all you have to do is visit Lalaaji.com register as a seller, fill in the required information, that's it.
Activate your online store on <a href="https://www.lalaaji.com/">Lalaaji.com</a>
No coding, no experience in IT needed in order to set up your Lalaaji.com store. All the work is done by Lalaaji.com, you will have to be registered and verified in order to get started.&nbsp; Vital information such as; nature of business, overview, validity of the company, location and type of company must be provided to get you started.
<img src="https://content.erip.me/api/assets/lalaaji-prod/25fe872f-23a5-425e-a615-cea5af67e75a/how-can-we-sell-customizable-products-on-lalaaji.com-3.jpeg" alt="How can we sell customizable products on Lalaaji.com?" width="800" height="400" />
Posting your products
All set? Now you can start uploading your products. Post good quality pictures of your custom products to help customers understand what it is you are offering. Clear pictures are vital, that&rsquo;s the first thing customers will see, and it&rsquo;ll create an image about what they can expect as buyers from you as a seller. However, if you have the products in your inventory, you have the luxury of taking images in various angles and taking clear shots in order to attract customers to your page. Print-on-demand products, you must showcase what the final look of the product will be.&nbsp;
Adding informative description of the product
We encourage all sellers to always be specific about the description of the products they&rsquo;ve uploaded. Lalaaji.com has a section which clearly states what information you should be stating where. Furthermore, giving more detailed information is always good to do in order to clear doubts for customers who still are in two minds. Remember, on Lalaaji.com you should add a brief description of the custom products as well as a detailed description of the product. Giving customers the space to decide what they want
Every customer is unique. Therefore, it is essential to remain flexible in the negotiations in order to find out what every customer is looking for. A seller is most likely to encounter different types of customers, resulting in a seller may not be able to always anticipate what the customers want. Talking to them and listening to their needs, such as what colour, logo, tagline, shirt, or bottle or whatever they request being able to adjust to their needs will lead to great successes. Never shut away the buyers, listen to them and once you finalise a deal with them, Lalaaji.com offers a custom order request feature in the chat so that the seller can give a unique offer to a particular customer.
Select the right suppliers
The circle is round and the buyer and the seller and the supplier of the seller is within that circle. Figuring out as a trader which supplier is reliable to build my empire on is vital in order to offer products to customers. However, there are different types of sellers: you have an agent, trader, wholesaler, or a manufacturer. Every seller deals differently, a manufacturer is most likely to have majority of the activities in house although they may need a supplier who arranges the right packaging for them. Working with the right person, right entity and with the right ethics will often result in long-lasting trade relations, delivering high quality products.
Market your customised products
Having a customised store set up without a go-to-market strategy can be harmful. The potential customers should know that you are the one who can produce the customised product they are searching for. A seller must be clear about their message that they offer customised products or ready-made products. There are various methods to do this on Lalaaji.com and other platforms. For instance, SEO, email marketing, social media marketing. Effective keywords on the platform should be used which go in line with the product which will pick up on search engines.
<img src="https://content.erip.me/api/assets/lalaaji-prod/76778bfc-d013-464a-9cde-5287f5d6b3c9/how-can-we-sell-customizable-products-on-lalaaji.com5.png" alt="How can we sell customizable products on Lalaaji.com?" width="800" height="450" />
<h3>Golden tips for a successful online customizable business</h3>
You&rsquo;ve chosen to sell custom products, now we shall share some critical tips which can help to enhance success for your online customizable business.
<ul>
<li aria-level="1">Invest in SEO, driving traffic to your website and to ensure that your products are receiving the needed attention. Furthermore, you will have to have a strong SEO execution to make your brand more visible.</li>
<li aria-level="1">Social media, leverage the power of social media to gain greater exposure. Millions if not billions are using social media platforms, showcasing your products will attract customers, you can catch their eyes by creating engaging content.</li>
<li aria-level="1">Testing, you are starting as new customizable or you are starting a new line, but before you go all out it is advised to start small and see what kind of response you receive. Continuously keep looking out for what products are trending, how the customer is reacting to such products. For example, if you produce shoelaces, instead of stocking or preparing to have all the colours in the world, you have to be sure that you will be able to sell them.&nbsp;</li>
<li aria-level="1">Communicate with customers, market research also included to reach out to customers in order to get their opinion and possible recommendations. This is not too hard if you have products already to offer, after they&rsquo;ve used you can ask for objective feedback. This can also be done in various ways, a good way to engage such surveys is to create funny and enjoyable Q/A&rsquo;s. Knowing what customers need is excellent as you will save a lot of time and money in sampling all sorts of ideas without knowing whether it&rsquo;ll work or not.</li>
<li aria-level="1">Budgeting, you have to make up your mind and set a limit to how much will be spent. Ideas may be great, but it often comes down to the execution, protecting yourself from overspending and bearing unnecessary costs.</li>
<li aria-level="1">Right audience market, every product has its target market. You must find yours. As we mentioned several times it is essential to know who your target market is, so that you can focus and offer them the products. For example; you would not want to market your baby food products to a 12 year old, right?</li>
<li aria-level="1">Correct image &amp; as per description. Make sure whatever you show to customers, that&rsquo;s what they will be receiving after ordering. Do not make the mistake of showing blue and sending yellow. That&rsquo;s bad marketing and you will lose customers as well as that overall just bad for business.</li>
</ul>
So, what are you waiting for?
Start selling on <a href="https://www.lalaaji.com/">Lalaaji.com</a>
We&rsquo;ve just explained the importance and how to sell customizable products. Why, how, when, to whom etc. ARE YOU READY? Try selling your custom product on Pakistan&rsquo;s first B2B global marketplace. Empowering Pakistani companies to emphasise and believe in Pakistani made products. The world has been waiting too long to directly engage with the Pakistani traders. <a href="https://www.lalaaji.com/">Lalaaji.com</a> has come to fix this, a bridge is being built and it's being built continuously virtually around the world. Made in Pakistan, sold to the world. A B2B marketplace where companies from Pakistan initially are at the forefront.
&nbsp;- Show millions of people around the world your products.
&nbsp;- Create an easy straightforward, yet effective and out of the world storefront.
&nbsp;- Access powerful marketing tools, empowering the digitization of your company.
&nbsp;- Leverage the power of the internet, social media, and professional service to your company's benefit.
&nbsp;- Instant connectivity.
&nbsp;- Safe, secure and transparency on <a href="https://www.lalaaji.com/">Lalaaji.com</a>
&nbsp;
&nbsp;
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 1. <a href="https://www2.deloitte.com/content/dam/Deloitte/ch/Documents/consumer-business/ch-en-consumer-business-made-to-order-consumer-review.pdf&nbsp;" target="_blank" rel="noopener">https://www2.deloitte.com/content/dam/Deloitte/ch/Documents/consumer-business/ch-en-consumer-business-made-to-order-consumer-review.pdf&nbsp;</a> 2. <a href="https://www.mckinsey.com/industries/retail/our-insights/personalizing-the-customer-experience-driving-differentiation-in-retail" target="_blank" rel="noopener">https://www.mckinsey.com/industries/retail/our-insights/personalizing-the-customer-experience-driving-differentiation-in-retail</a>&nbsp; 3. <a href="https://www.mckinsey.com/industries/retail/our-insights/personalizing-the-customer-experience-driving-differentiation-in-retail" target="_blank" rel="noopener">https://www.mckinsey.com/~/media/mckinsey/dotcom/client_service/bto/pdf/mobt32_02-09_masscustom_r4.ashx&nbsp;</a> 4. <a href="https://www.mckinsey.com/industries/retail/our-insights/personalizing-the-customer-experience-driving-differentiation-in-retail" target="_blank" rel="noopener">https://www.invespcro.com/blog/online-shopping-personalization/</a>
&nbsp;

How to sell customizable products on Lalaaji.com?

In trade we know that the payment method plays a very important role, whether you are a customer importing goods or a seller selling products worldwide. In the B2B industry it may not be as straightforward or easy to deal with payments, as every customer or seller has different ways to conduct their business. There are several complex processes involved in closing a deal, despite the fact that there are many alternatives available to ensure how payments can be made.&nbsp;
Important: You must know that whichever payment term you opt for it will be a critical factor in determining how attractive your offer is for customers. We will explain the different types of payments possible to conduct international trade within the B2B industry. Purpose of this guide is to effectively explain payments in international trade, its meaning, how it works, and how to choose the right option which is best for your company.
Table of contents:&nbsp;
<ul>
<li aria-level="1">Payment terms in international trade</li>
<li aria-level="1">The 5 important payment methods</li>
<li aria-level="1">Comparing payment methods</li>
<li aria-level="1">Picking the right payment method</li>
<li aria-level="1">Conclusion</li>
</ul>
<h3>Payment terms in international trade</h3>
International trade may not be as smooth as many may think, the process of buying and selling can be delayed or slowed because of its complexity. Therefore, we understand how satisfying and relieving the moment is when a successful order is being finalised and conducted. You will have to deal with the timeline, the right payment, the pricing, the quality, logistics, packaging and so on in order to ensure the smoothness of completing a deal. Let&rsquo;s dive into how to make/receive payments.
Payment terms speak for itself, the conditions set by both parties in international trade to come to an agreement on how to complete the payment. Meaning, these outlines which method of payment is used by importers and exporters to successfully conduct their trade deal. This includes whether there will be an upfront payment before delivery or not, who is responsible for the ownership of those products before delivery, and how payment will be made. Indeed, payments are one of the key aspects of a business, as the payment is the driving force of the business and determines whether it is profitable or not, which is quite obvious. Now, offering this right sort of payment solutions by sellers is essential because you want to ensure the customer feels at ease. Buyers often want to delay payment as much as possible, preferably all the way up until they have received their order and even in some cases after they&rsquo;ve sold the products purchased from the seller. However, sellers want to collect the payment as quickly as possible, best scenario receiving at least part of the payment before starting to work on the order. All of these scenarios make it ever so important to find the suitable payment method to build a sustainable trade relation without the worry of payment being delayed, not received etc.
<h3>The 5 preferred payment methods and terms</h3>
Explaining the most common payment terms in international trade. These are letter of credit (LC), cash in advance, documentary collections, consignment, and open account.&nbsp;
Letter of credit
This payment method is one of the most well-known terms of payment in international trade. This payment method is very popular in Asia and the Middle east. The popularity is due to the fact that it offers secure payments. The bank will get involved in this process in which they will be conducting the payment process for the importer. L/C is a piece of paper which acts as the guarantor from the banks explicitly stating that payment to exporter will be done for the products after an inspection has been conducted in which all terms and conditions are met. Note, that typically in this L/C document the terms and conditions are written down, most of the time the L/C&rsquo;s are more concerned about the documentation that comes along with the products instead of the products. It is not so simple to obtain a letter of credit, the banks need to be satisfied with the credit worthiness of the importer before they can get involved as a guarantor in the payment process. Well now, the bank has agreed to make the payment on behalf of the importer, once the payment is done the bank will turn to the importer for repayment. Often this is on the terms set before going forward with the whole L/C process. When a new buyer and new seller come together without any prior trade history between them, they will most likely use the L/C method. Furthermore, the exporter may hint to this option because they are not fully satisfied with the credit worthiness of the importer. Whatever the reason may be to conduct the L/C method, we definitely do know that with this method it&rsquo;s less risky for the exporter as they are certain in receiving the payment. We have been talking about the pros of this method and many may think this is the best solution ever. However, there are some disadvantages to note down. For example, this method is quite costly because the banks are getting involved and they will charge you for their services. The fees are not fixed, it is decided based on how strong the credit history is as well as the complexity of the transaction. Another important factor to note down, banks normally do not inspect the goods for the importer so there may not be a provision to establish whether the quality of the products as per description. Although the importer could hire a third party to do the inspection to ensure the quality of the goods, that also comes with a price tag.&nbsp;
Cash in advance
This payment method is very convenient for the sellers as they will first receive the money in advance and after that they start working on the order. They can use the money received to prepare the order. The payment is pretty straightforward, whatever importer and exporter have agreed for making the payment it can easily be done via, wire transfer, international cheque, online banks, or payment by debit cards. In most scenarios, the payment will be 50 percent upfront and 50 percent before dispatch. Although it is a very convenient method of payment for the exporter, it brings a lot of risks for the importer. The reason for this is that the exporter still has the ownership of the products and possesses all the goods and on top of that he has already received the payment. Furthermore, a very unfavourable cash flow situation for the importer because they pay the order payment up front which is something a lot of buyers tend to avoid. Nevertheless, using this payment method is often with small orders, or the exporter has established a very strong ground for himself to enforce this way of conducting the payments. This way of business is not used a lot nor is it something importers applaud. There are several reasons why the exporter may want this type of payment method to be used. Exporters have doubts about the credibility of the buyer, or where the buyer has full trust in the exporter. Therefore, if an exporter wants to increase the number of buyers approaching them, it is essential to be very flexible and open minded in regard to payment methods. Unless, like previously mentioned, the exporter and importer have an adequate level of understanding and trust, then it makes sense to push through this method, although it doesn&rsquo;t ensure that it always be as fruitful as many expect due to a good relationship.
Documentary collections (D/C)
Documentary collection is a form of trade finance, the seller will receive payment for the products from the buyer when the banks of both parties have exchanged the necessary documentation. The bank representing the seller will collect the payment and in exchange provide documents which acts as a release title for the shipped goods, normally after the order has arrived at the designated location of the buyer. In this transaction the banks play an exclusive role to ensure the payment and goods are securely received at both ends. Starting from the point when the seller dispatched the order and sent out the documentation to the buyer in order to claim the products. The documents include a &lsquo;Bill of lading&rsquo;. Most probably the importer will instruct the bank to release payment after the documents have been received and verified. The legitimacy of the documents is vital to prevent fraudulent incidents, therefore essential to ensure and validate the document first and then the payment goes ahead. This is very similar to escrow where a third party plays the role to ensure payment and products are delivered in a timely and secure manner.&nbsp;
There are two main methods within this payment term. Documents against payment (DAP) &amp; documents against acceptance (DA).
<ul>
<li aria-level="1">DAP &ndash; the agreement in this way is payment will be released instantly after receiving the authentic documents which are verified and valid for its purpose. No delay is expected in this.</li>
<li aria-level="1">DA &ndash; documents will be sent from the bank representing the seller to the bank representing the buyer. This document is fixated on what date is set for releasing payment, that date is most probably agreed by buyer and seller both.</li>
</ul>
There is not too much risk for both buyer and seller when using this payment method since things are relatively balanced. Sellers will distance themselves from ownership and possession as soon as the payment is done or a solid ground of receiving payment has been established. Whereas the buyer will consequently release payment after receiving the documents or receiving the physical delivery. Furthermore, it's a far more costly way of conducting the transaction in comparison to L/C as well as that to set the foundation and putting this in place is less time consuming. But, similarly to the L/C this payment method has a core focus on the documents instead of the products. It&rsquo;ll be harder to identify faulty products which don't go in line with the agreed specification.
Open account (O/A)
In this payment method the exporter agrees to deliver the products to the buyer without receiving any payment upfront nor any documentation but instead they have agreed to receive payment at a later date. Often there are three options in this to receive payment, 30, 60, or 90 days after delivery. This is a form of receiving products on credit where the payment will be completed after an agreed period of minimum a month. This is clearly very beneficial for importers, as they do not have to bear the burden of paying in advance, paperwork of various documents. Here the importer has the freedom to complete the order and even so sell the products, and the money generated can be partially used to pay for the order. Reducing operating expenses for the importer and as soon as the products are sold the payment is done, as well as the next order is placed. However, it is essential to pay on the agreed date regardless of whether products are sold or not. Exporters will lean on this method when they have certainty with their customers. A root level of trust has been established and the exporter must have the financial ability to act on this method. Furthermore, this is a very lucrative method for importers as it is less stressful and time consuming, but the majority of the risk is with the seller. For example, it is possible that payments are delayed, a company goes into bankruptcy, or other unforeseen circumstances can arise which will harm the exports by not receiving the funds. Exporters are less likely to opt for this method, although they may offer it to their loyal returning buyers. Whereas a new buyer will hardly be able to convince the exporter to go for this method. Exporters must be careful to whom they offer this payment method as they are in a very delicate position. Exporters can include insurance to protect themselves in case things go differently as expected. When there is a low-risk trading relationship then this option can be considered. Although it may be a very attractive option for buyers and it can surely be the decisive factor to initiate trade, still exporters must do their due diligence for their own protection of the business.
Consignment
Finally, the fifth major payment option is the consignment. Here the exporters agree to produce the goods, dispatch the goods, and deliver to the importer. The payment will be collected when the buyer/import has sold all the goods and has generated the amount to pay for the agreed price. Exporters who have distributors or third-party agents in various countries who work with them and for them by having exclusivity. This type of payment method is rarely used by normal sellers and buyers.&nbsp; The reason why this is rare is because there is an incredible high risk for exporters. All the costs of producing, storing, shipping and delivering the goods lies on the shoulders of the exporter. Whereas the buyer has a simple job and that is selling the products, once sold they can make the payment. Consequences in case things go south for the exporter could be, non-payment, late payments by the importer and that could destabilise the cash flow or balance sheet of the exporter. It&rsquo;ll make more sense if this payment method is used when there are close ties, good relationships, it is an entity of the seller, distributor and so on. Proper measures must be taken and looking at options for insurance is a no brainer. However, if an importer wants to persuade an exporter to use such a payment method, it is essential that they pose no threat and have a solid background in their finances. Even though it poses great risk for an exporter, and it may seem like all the benefits are for the buyer only, wrong! This could help an exporter enter new markets and explore various markets to drive trade. Obviously, exporters are able to produce products quicker and can manoeuvre efficiently in case a lot of demand for the products arises.
Here&rsquo;s a image below that shows the risk level of each term for exporter and importer:&nbsp;
<img src="https://content.erip.me/api/assets/lalaaji-prod/2080a332-2834-4ba0-9d94-34c7f39a3387/paymentsolution1.png" alt="" width="800" height="444" />
<h3>How to pick between payment terms?</h3>
The delicate balancing act required when deciding on payment terms means it&rsquo;s unlikely to be an easy task. As you make your decision on what terms to offer, the following tips will be helpful:&nbsp;
<ul>
<li aria-level="1">Consider your financial needs and strengths.</li>
<li aria-level="1">Think about your negotiating position. If you are in a stronger position, you may be able to demand more favorable terms.</li>
<li aria-level="1">Does the other party come from a country with significant commercial or political risk? You may want a more secure term here.</li>
<li aria-level="1">In certain industries, specific terms are generally used. For instance, in the food and textile industry, it&rsquo;s common to see documentary collections being used, while letters of credit are common in oil and gas.</li>
<li aria-level="1">Prevailing market conditions can be important. If it&rsquo;s a sellers&rsquo; market, you may be able to set the most favorable terms for yourself as an exporter.</li>
</ul>
Overall, it is important to keep in mind that you don&rsquo;t have to pick just one of these terms for your entire transaction. A mix of terms can apply at different stages, such as before production, before shipment, and upon delivery. Consider how a mix of these terms can provide a more balanced transaction for you.&nbsp;
Final thoughts
Deciding on payment terms is an important part of international trade. Although the process of setting these terms can be difficult, the positive trade-off is you are able to minimize the risks of the trade &ndash; which is always a good thing.&nbsp;
Want to know more about how Lalaaji.com can help you trade globally and expand your business? <a href="https://www.lalaaji.com/contact">Speak to an expert now.</a>
&nbsp;
References:&nbsp; 1. <a href="https://www.thebalance.com/what-is-escrow-315826&nbsp;" target="_blank" rel="noopener">https://www.tradefinanceglobal.com/trade-finance/payment-methods/&nbsp;</a> 2. <a href="https://www.thebalance.com/what-is-escrow-315826&nbsp;" target="_blank" rel="noopener">https://www.investopedia.com/terms/l/letterofcredit.asp&nbsp;</a> 3. <a href="https://www.thebalance.com/what-is-escrow-315826&nbsp;" target="_blank" rel="noopener">https://www.thebalance.com/what-is-escrow-315826&nbsp;</a> 4. <a href="https://www.trade.gov/export-credit-insurance&nbsp;" target="_blank" rel="noopener">https://www.trade.gov/export-credit-insurance&nbsp;</a> 5.<a href="https://www.entrepreneur.com/encyclopedia/factoring&nbsp;" target="_blank" rel="noopener"> https://www.entrepreneur.com/encyclopedia/factoring&nbsp;</a> 6. <a href="https://www.gtreview.com/what-is-trade-finance/" target="_blank" rel="noopener">https://www.gtreview.com/what-is-trade-finance/</a>
&nbsp;

Simple guide to payment solutions in international trade

You are probably visiting this page because you are looking for a reliable alternative to Alibaba. As you are probably well aware of, Alibaba (also called alibaba.com) is one of the oldest and most useful platforms to source wholesale products and goods from.
Alibaba started their operations in 1999, almost two and a half decades ago. In that time Alibaba has seen tremendous growth paired with the economical growth of China itself.
In the vast realm of global B2B trade, Alibaba.com has long held the reins as a dominant player. However, the time has come for an alternative platform that offers a fresh set of features and advantages to empower businesses worldwide.&nbsp;
Traditionally many alternatives for Alibaba have popped out. A quick Google search shows a few different players across the globe that position themselves as an alternative to Alibaba.
We would like to introduce you to Lalaaji as an alternative to Alibaba and help you understand how and why we think we can offer you a reliable alternative.
Have a look at our reasons below. But don&rsquo;t just take our word for it. Have a look at our <a href="https://www.youtube.com/channel/UCQrsLUyX1TpWXJjrzzXXt3Q" target="_blank" rel="noopener">testimonials</a> and try out our platform for yourself with a <a href="https://www.lalaaji.com/register" target="_blank" rel="noopener">free account</a>.
<img src="https://content.erip.me/api/assets/lalaaji-prod/e247630c-39d5-48b5-b507-b1cfb92b4413/alibaba-alternatives.png" alt="" width="800" height="500" />
<h3>Reasons why Lalaaji is a better alternative to Alibaba</h3>
<ol>
<li aria-level="1">Superior user experience Many alternatives for Alibaba are not as user friendly as Lalaaji. We have invested heavily in making Lalaaji as user friendly as possible to help both buyers and sellers connect effectively. </li>
<li aria-level="1">Top notch customer service The customer service for Lalaaji is top notch and helps you get the job done quickly. You can reach out to the Lalaaji customer service at any time and they will help you solve your problem, whether that is technical or if you are trying to find a niche product and are looking for both the best quality and best price. </li>
<li aria-level="1">Trust &amp; quality assurance Trust is a key factor when doing business across the globe. At Lalaaji we invest heavily in both our know-your-customer as well as know-your-supplier processes. We trust, but verify all claims made by factories regarding their processes, quality assurance, certifications and legal/financial positions. </li>
<li aria-level="1">White glove sourcing Lalaaji offers white glove sourcing services to help you find the best products at the best price for you. All you have to do is send our customer service a message and they will reach out to you to discuss your requirements and help you match with the best trusted seller. </li>
<li aria-level="1">Payment protection Lalaaji offers payment protection for your purchases up to USD 1 million for sellers outside China. A service that many alternatives do not provide. Even Alibaba themselves only offer this service to Chinese companies. </li>
<li aria-level="1">New markets As Alibaba heavily prioritizes sellers &amp; factories from China many geographical regions such as Pakistan, Oezzbekistan, Turkey, etc are not visible to you as a buyer. Where often many products can be sourced more cheaper or at a higher quality in some of these regions. Lalaaji opens up a whole new market for both these sellers as well as you as a buyer who gets access to these markets while remaining protected by Lalaaji&rsquo;s steller buyer protection. </li>
<li aria-level="1">Future roadmap Since lalaaji is a young platform with a young and enthusiastic team, for us the sky's the limit. We are experimenting with new technologies such as Augmented Reality and Artificial Intelligence to help you even further in the new digital age.</li>
</ol>
We invite you to try out Lalaaji as a cheaper and more reliable alternative to Alibaba and see for yourself how Lalaaji can make your life much easier.
We are confident that we can prove to you that Lalaaji is the most reliable alternative to Alibaba and are looking forward to helping you to grow your business, regardless of your business size or needs.
&nbsp;

Lalaaji as an alternative to Alibaba

How to enhance greater success in 2023 when using a B2B Marketplace.
The use of online shopping and trading is increasing by the day. The pandemic that hit the world in 2020 has been really dreadful, however it has influenced consumer behaviour worldwide. Due to lockdowns in several places worldwide, it led to closures of many businesses as well as searching for alternatives to keep the business going.&nbsp;
B2B marketplaces are very important, the technology has advanced so much that it offers transparency in trade. Online business has become so easy that more and more companies are adapting online business to their day-to-day activities.&nbsp;
The top B2B platforms in the world are located in Asia. Companies like Alibaba.com, Indiamart, Madeinchina, Amazon, eBay, DIYtrade, Intermesh and some others are the drivers of B2B platforms. According to various sources more people are using one stop solution marketplaces and as a consequence more B2B marketplaces are emerging.&nbsp;
<img src="https://content.erip.me/api/assets/lalaaji-prod/1709f974-511c-4da5-9748-1a230775e96f/world-map-continents.jpg" alt="" width="800" height="418" />
Regions&nbsp;
The continent Asia accounts for approximately 80% of the global B2B marketplace. Alibaba.com coming from China, Indiamart representing India and <a href="lalaaji.com" target="_blank" rel="noopener">Lalaaji.com</a> an upcoming B2B marketplace from Pakistan. Furthermore, in North America B2B marketplaces are also popular and there we have two giants running the show, Amazon, and eBay. After the Asia pacific region, it is North America claiming the second position. There are other regions which are experiencing growth and popularity in B2B marketplaces. Europe, Latin America, Middle East, Africa are investing into various B2B components and breaking it down in marketplaces.&nbsp;
Key drivers
Business owners are accepting the very fact that online platforms are much better for growth and turn out to be more effective.&nbsp;According to a McKinsey &amp; Company report, 65% of B2B companies will be transacting online in 2022.6&nbsp;One of the major factors driving the B2B market growth is the increased acceptance of online platforms by business owners who want to build an online presence. Other factors include the proliferation of digital business mediums, ease of doing business and fulfilling orders, and increased third-party B2B marketplaces.
Right, let's dive into how to get the best out of the B2B marketplaces worldwide. Once you have found the B2B marketplace you like to join, you will need to register the company and provide all necessary information so that the company is filtered in the right market segment.&nbsp;
<ul>
<li aria-level="1">The company profile.</li>
</ul>
Provide the maximum information about your company in order to impress and obtain trust from customers. Essentially, new customers would like to know more about businesses before they consider doing business. The information must be accurate and up to date. The company profile is going to create and shape your online image. Therefore, provide high quality images of well written and formatted descriptions. Focus on the products you specialise in and showcase your talent. Completing your company profile with the relevant keywords is essential so that customers can find you easily and of course find you in the correct category.&nbsp;
<img src="https://content.erip.me/api/assets/lalaaji-prod/1361228c-7790-4837-95d2-e3218ff4494d/schermafbeelding-2023-05-18-130847.png" alt="" width="761" height="573" />
Pricing
Set competitive prices is one of the most important factors. Many set the prices initially very high and drop down massively which results in the customer having doubts. Rather, know the prices competitors are offering and calculate what competitive price you can offer in order to enter the race. Bear in mind, all customers regardless of where they are from, they always will orientate first and obtain various prices from different suppliers. For example: a company in the United States will explore China, Pakistan, India, Vietnam and so on.&nbsp;
Expertise and credibility
Suppliers are keen to develop long lasting relations with potential buyers. Therefore, showcase your experience, history, certifications, current production, and customer testimonials. Essentially, if you have a mismatch with a supplier for a particular product, no issue. As long as you have conducted the talk in the best possible way, the customer may return at a later date for something else.
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Product listings
Showcase all the products you can manufacture or source. Regularly updating your product catalogue is essential, you do not want to attract customers and then eventually disappoint them by saying NO. Detailed product specification, good quality product images, minimum order quantity and price variations should be visible. If you have some relevant qualifications or certifications demonstrate and mention them too. Good qualitative product listing will be a solid driver in conversions.&nbsp;
Marketing
The B2B marketplaces are a combination of many components. The tools provided by the platform should be used in order to increase the exposure of your company and products. Furthermore, companies can choose to boost some products via sponsored listings, social media campaigns, targeted emails, or extra key words in search. All of these tactics will enable companies to increase visibility which will automatically increase the probability to find more customers.
Customer service
Understanding the needs of the customer is vital so the best possible service can be provided. All the incoming inquiries should be dealt with care and promptly dealt with. Customers should feel welcoming and valued so that they openly can share with suppliers about issues, concerns and so on. Once the service is good and customers are being valued by their suppliers, there will be a mutually respected connection which possibly can last for a long period. Gaining customer satisfaction is highly important in order to give them the best experience which will lead to repeat business and positive word of mouth referrals.
Enhance your performance.
Monitor the monthly visits on your website, products views and what products are gaining more traffic than others. Try several templates for product pages and monitor which style is gaining more views. Regularly monitoring the performance metrics such as customer feedback, customer chats, negotiations, conversion rates and sales volume will allow companies to identify weaknesses. Identifying weaknesses is a great thing as it gives space to improve as a supplier to gain more. Making data driven decisions can help to optimise the overall performance of the business. Every business wants to expand and grow, being on top of your regular monitoring sessions of the company will be a great supportive tool to do so.&nbsp;
Collaboration
Building bridges with more customers and suppliers on the platform gives higher chances to possibly land a good deal. Therefore, networking in business is essential. Some companies may face the dilemma of receiving a large order but are unable to fulfil it with their own capacity, then having a great supplier on your side who can help and also enjoy the order is a win - win situation for all. Furthermore, it is good to collaborate with complementary businesses to expand reach, improve reputation and explore potential partnerships.&nbsp;
Stay up to date.
We are now in 2023, and like they all say, in technology the sky is the limit. B2B orientated marketplaces continuously will be working on their technology and features in order to remain competitive and relevant. Suppliers must always have an eye for news, announcements, and new add on. Every time, there is a change that&rsquo;s essential for suppliers to explore to see whether they may have to adapt a new strategy, tool, or service. Being on top of everything will allow every company to make decisions accordingly and swiftly move to growth.&nbsp;
&nbsp;
 References:&nbsp; <a href="https://www.globenewswire.com/en/news-release/2022/05/30/2452660/0/en/Global-Business-to-Business-B2B-E-Commerce-Market-is-Expected-to-Reach-USD-18-771-4-billion-by-2027-Exclusive-Report-by-Astute-Analytica.html" target="_blank" rel="noopener">https://www.globenewswire.com/en/news-release/2022/05/30/2452660/0/en/Global-Business-to-Business-B2B-E-Commerce-Market-is-Expected-to-Reach-USD-18-771-4-billion-by-2027-Exclusive-Report-by-Astute-Analytica.html&nbsp;</a> <a href="https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market&nbsp;" target="_blank" rel="noopener">https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market&nbsp;</a> <a href="https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market&nbsp;" target="_blank" rel="noopener">https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market&nbsp;</a> <a href="https://www.gartner.com/en/sales/trends/future-of-sales&nbsp;" target="_blank" rel="noopener">https://www.gartner.com/en/sales/trends/future-of-sales&nbsp;</a> <a href="https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market&nbsp;">https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market&nbsp;</a> <a href="https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/busting-the-five-biggest-b2b-e-commerce-myths&nbsp;" target="_blank" rel="noopener">https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/busting-the-five-biggest-b2b-e-commerce-myths&nbsp;</a> <a href="https://contentmarketinginstitute.com/2020/09/b2b-industry-benchmarks-budgets-trends-research/&nbsp;">https://contentmarketinginstitute.com/2020/09/b2b-industry-benchmarks-budgets-trends-research/&nbsp;</a> <a href="https://hingemarketing.com/library/article/beyond-referrals-how-todays-buyers-check-you-out">https://hingemarketing.com/library/article/beyond-referrals-how-todays-buyers-check-you-out</a>
&nbsp;

How To Use B2B Marketplaces In 2023

The fifth most populous country in the world, Pakistan. A country full of potential. Pakistan is highly dependent on its exports in order to enhance economic growth. The foreign income will allow us to finance imports, service debt, stabilise the Pakistani rupees and to overcome the never-ending problem, balance of payment deficit. Exporting from Pakistan should be in line with market trends and the quality. It is therefore very important to be certified on internationally acceptable standards.&nbsp;In order to strengthen the export business from Pakistan it is essential to have adequate levels of investment ready to back it up. However, Pakistan falls short in supply. Pakistan&rsquo;s non-conductive investment environment stems from uncertainty. There are various indicators which show why Pakistan has not been able to have a positive impact on its growth in recent years.&nbsp;Massive lack of investment is one of the primary reasons why Pakistan&rsquo;s growth in exports has never reached half of its potential. There are also other reasons as to why growth is not being achieved, such as; higher tariff structure, low penetration in global markets, poor infrastructure, erratic growth trends and low technological advancement. Various governments coming into power have been meddling with irrational policies and giving very complex incentives which handicapped the export of Pakistan. Other nations in Asia did manage to achieve exceptional growth in export and that is mainly because they implemented export led growth strategies with high savings and investment rates. Other nations in Asia emphasised on areas of competitive advantage, and rapid industrialization. Now, the question is: HOW CAN PAKISTAN EFFECTIVELY INCREASE EXPORT IN ORDER TO DRIVE SUSTAINABLE GROWTH?
Adopt innovative thinking &amp; out-of-the box solutions in difficult times
Essentially, Pakistan needs to start capitalising on exportable services &amp; products which require the basic infrastructure and minimal investment. E.g. globally demand for software and IT solutions is increasing and it is easier to establish a software house instead of a manufacturing unit. The IT export from Pakistan increased by 44% accounting to <a href="https://www.brecorder.com/news/40197381">$379 million</a> during the first quarter of the fiscal year 2020-21, growth in this area 'sky's the limit&rsquo; by looking at various avenues which can help attain growth. Pakistan&rsquo;s neighbour India their IT sector has increased in the fiscal year 2020 with 7.7% accounting to $191 billion, with exports reaching to approximately $147 billion. There is no shortage in Pakistan, there is lack of exposure and the need for setting up the infrastructure which will allow the country to export easily.&nbsp;
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Empower SMEs
The SMEs in Pakistan are the backbone of the economy. There are approximately 3.8 million small and medium enterprises. They may comprise (amongst many other variants) service providers, manufacturing units and start-ups. Today, 30% of Pakistan&rsquo;s GDP is made up from the SMEs and approximately 25% is from generating exports. Essentially, in order to thrive the export industry in Pakistan, it is important to have policies in place that empower SMEs to reach their true potential. In a world like today it is inevitable to have a digital presence. Furthermore, offering various financial options to SMEs and a better infrastructure for the paperwork will give ease in their work and can be carried quicker and more effectively. When the SMEs sector gets backing from the government which they need it will automatically lead to creation of skilled jobs, increased domestic tax revenue, to more robust domestic economic growth.
&nbsp;

Export from Pakistan

The world is enjoying online selling. Guess who has joined the global trend and is rocketing its growth, and this is just the beginning for Pakistan.
Even though the country in South-Asia is doing a lot of traditional business transactions as well as cash-based. Yet, a lot are adapting to a change in order to enhance greater growth.&nbsp;
Mobile banking is increasing, internet users are increasing, population is increasing, number of SMEs are increasing, more and more are being manufactured in Pakistan.&nbsp;
Global and local sellers are looking to capitalise on ecommerce avenues. Pakistan&rsquo;s young nation has the potential to grow exponentially and establish dominance early. The reason we are writing this article is to know how to execute effectively in the digital world in order to book good success for your business.&nbsp;
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<ul>
<li style="font-weight: 400;" aria-level="1">Textiles &amp; Apparel</li>
</ul>
The country Pakistan comes to mind when talking about textile. Pakistan has got a rich background in textile and apparel trade; these items are the drivers of Pakistan&rsquo;s export till date. However, it is now the time to swiftly enter more aspects within the textile &amp; apparel industry. More fashionable products for not just men and women, but also kids and baby apparel. It will benefit companies in Pakistan to increase their productivity as well as the demand around the world is increasing and many companies are also looking to shift or add new suppliers to their ecosystem.
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Furniture
The labour in Pakistan is one of the cheapest in the region. Pakistan is making beautiful furniture which costs a fortune in Europe. It is essential for Pakistani companies to quickly acknowledge the fact that their products need to be exported, which are majority made by hand. Handcrafted furniture, machine made, modern furniture, garden furniture, sofas and chairs you name it, thousands of buyers are waiting to be introduced to such extraordinary selection, with mouth-watering pricing! Some areas in Pakistan for example, Chiniot have a particular wood and vision which cannot be replicated elsewhere in the world.&nbsp;
Footwear
This industry is huge and very broad. Whether you are looking for sneakers, sportswear, elegance, heels, leather shoes, sandals or whatever it may be Pakistan has the ability to cater for all of this. Many are unconnected from global trade due to lack of digital exposure. However, times are changing and one by one they are entering the digital world.
For example, Pakistan&rsquo;s chappals for men are very limited in the world, a new era of fashion where old meets new and combining the two will give you a new trend. Fashionable and colourful sandals for females are rocketing the domestic market, yet to make the switch to international avenues. Cost effectiveness combined with quality is like candy for a buyer.
Consumer Electronics
Big firms have invested heavily in Pakistan to manufacture in Pakistan. This sparked the local tradesmen with a lot of electronics that can be made in Pakistan. Today mobiles, tv&rsquo;s, Bluetooth speakers, mobile gadgets, laptops and many more accessories are manufactured in Pakistan. With this segment being created and increasing by the day a whole new market is being created for this sector. A contingent market in spare parts and wholesale products.
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Pink Salt
The Himalayan rock salt which is mined in Punjab (Pakistan). Unique product of Pakistan, there are only one or two more places in the world that have such rare salt. The export for this salt has been very limited for decades, however in recent years the government gave export oriented incentives, and now many companies are looking for various avenues to export this product to all parts of the world.
&nbsp;

Top Products of Pakistan

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This is the era of e-commerce. Pakistan&rsquo;s handicrafts must be available for everyone around the world. When writing this article, we knew you have a special spot for the Pakistani handicrafts and you want to show the world what &lsquo;made in Pakistan&rsquo; actually is. We will tell you all about selling online and focus on how you can best showcase the handicrafts from Pakistan, do not worry you have come to the right place. Selling handicrafts online, but why?
The global demand for unique artisan products is increasing by the day. These unique products speak a different language, and it gives an ethos of authentic luxury. Where is this sudden awareness coming from? Well that&rsquo;s easy, worldwide the values of &lsquo;global sustainability&rsquo; have prompted a change among the young and the well-informed consumers who are more continuing in search for a more sustainable outlook. So as a result, the global economy is increasingly focussed on fair trade, which has created a space for handcrafted products to be promoted and create a demand for such products in the world. However, not just that you may be interested in the benefits of selling handmade crafts online in Pakistan and the world. As we all know the web has penetrated the core of the Pakistani heartland. With internet uses above 70 million in Pakistan, increasing rapidly within a population of 230 million. More people are searching online for different products or they want to connect with those who can help them in creating different and unique products. Displaying your company in the .net world as well as selling online through Pakistan&rsquo;s very own marketplace &lsquo;<a href="http://www.lalaaji.com" target="_blank" rel="noopener">Lalaaji.com</a>&rsquo; it will bring many benefits such as;
<ul>
<li aria-level="1">Enjoy your freedom! Avoid the hassle of commuting to various locations with your stock. Handle everything online, your online web store on Lalaaji will travel for you around the world. Connect with customers from all over the world comfortably from your office/home.</li>
<li aria-level="1">Selling online gives you the luxury of displaying your products. Allow customers to see and virtually feel the products. This way your brand can raise more recognition and more and more people will like to collaborate with you.</li>
<li aria-level="1">Unlimited access to ideal customers no matter the city or country. Whether It be Pakistan or a city in the Netherlands you can easily manage everything from your online B2B store. Chatting with customers through &lsquo;lalaa-chat&rsquo; without initially exchanging numbers.</li>
<li aria-level="1">Creating your online presence without any skills required. We have done all the hard work for you. All you must do is make it look presentable the way you like and require it to be. Furthermore, we will be launching trade assurance just for Pakistani sellers for flexible transactions which are safe and secure.&nbsp;</li>
</ul>
The above are just a few advantages your business will receive when starting becoming part of Lalaaji.com. This B2B online marketplace will allow you to sell handmade crafts from Pakistan, receiving queries from not just Pakistan but the whole world. There are numerous reasons as to why online presence is inevitable and is key for success, but I will talk about those reasons in a different article. A trader can earn a fortune selling handmade products online from Pakistan. Made in Pakistan, sold to the world is what we say at Lalaaji.com and we are pleased to see thousands are joining Lalaaji.com in this mission.
Few important steps to selling handicrafts online in &amp; from Pakistan.
In order to start selling online apart from having your online presence such as; website/marketplace, there are a few important things which you may have to do beforehand. We outline those steps for you so that you can easily start with your business going online. Whether you are a newbie or established seller in the online world, the following steps will help you have a successful craft business in Pakistan.
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Step 1 - Find your niche
Focus is very important in this segment. Offering a variety of products or crafts can be attractive for customers. However, the opposite is quite common for artisans and products related to handmade designs. Having a focus in a narrower range and knowing the ins and outs of it are likely to help your online business. Some may be deceived or are unable to manage their focus. For instance, if you aim to please a wider audience with different needs and wants by including more products your online presence and brand recognition can be perceived as a pawn shop. Therefore, focus on what you can do best and provide specific offers as well as how it can facilitate your segmentation and target marketing processes.
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Step 2 &ndash; Brand building
Identifying your niche in the first step will allow you to build your brand! We will tell you how.
Once you know your niche your brand can position itself in that area and start building a great brand equity by being recognised as a company with that specific handmade artisan products. However, you must acknowledge the fact that this will not over time, great things take time and so does your brand too. Take the time to understand your company as well as the expertise of your company so that you can nail it in your choses niche. The story of why you can do this very well and why you can edge your competitors; you must convey this message to the world, so customers get to know you. Knowing your company better and better will ultimately resemble your online store, choice of colours, logo and how the company presents itself on social media.
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Step 3 &ndash; The right pricing
Communicating the right price to your audience is vital. The price can play an important factor whether the customer is with you or not. Therefore, finding the right balance when pricing your products is IMPORTANT!&nbsp;
Break it down: calculate how much it costs to manufacture the product or how much it costs to source the product and according to that you can calculate which price you would like to put forward. Now, it is vital to know your customers what they have been paying other manufacturers and for what sort of target market they have. Also, at times do not forget to offer promotions associated with product launches. With all this in mind, calculate what it will cost and how much profit you would want to retain from it.&nbsp;
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Step 4 &ndash; your products on search engines
Now since you have completed all the previous steps; core business, brand identity, store set up and pricing. Now it is the time to list your products on search engines!&nbsp;
Customers in Pakistan and around the world should be able to find you. Write simple and attractive titles along with product descriptions that contain the right SEO keywords that a person would type in Google to find your store or products. It is not just the keywords, it is very important you have great photos of the products, because research indicates that having great quality photos will result in increased sales. Furthermore, trust us we know! Always add tags to your listings, because this will also have a huge impact on the searchability of your great photos.
<img src="https://content.erip.me/api/assets/lalaaji-prod/e450334c-162a-485f-a392-ac369dd47b0d/schermafbeelding-2023-02-22-115957.png" alt="" width="1153" height="767" />
Step 5 &ndash; social media &amp; build your online community
The world has evolved from traditional TV ads and newspapers to platforms such as Facebook, Instagram, YouTube, Pinterest and many more. Through social media you yourself can tell people about your business and your online crafts. Create interactions with customers by posting and convincing them to your store and let them get to know you by having a solid website and being active in a marketplace where they can also compare you. In the social media area keep tagging and create hashtags to create a trend for your followers.
<img src="https://content.erip.me/api/assets/lalaaji-prod/a721714e-8cce-4531-b0d7-864f0e078343/schermafbeelding-2023-02-22-120712.png" alt="" width="906" height="467" />
Step 6 &ndash; inventory up to date or OEM service well communicated.
Your ready-made products must always be up to date. You do not want to make your customers wait which can be risky as they may search for alternatives, and you lose out on potential customers. Always be on top of your stock and constantly update with new products. However, if you are offering the OEM service which is like manufacture upon order received then make sure that is communicated well and is executed on the promise as per discussed. Keep adding products and changes in the product catalogues will keep your website fresh and it will attract new customers to your online store.
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Start selling on Lalaaji.com
<a href="http://www.lalaaji.com">Lalaaji.com</a> is here empower SMEs to leverage the power of internet to their benefit. Increase the exports of Pakistan by opening a new world for SMEs. This avenue of trade has been adopted by neighbouring countries and they have excelled their exports, it is time for Pakistan to do the same if they want to stay relevant and competitive. A online B2B marketplace with all the necessary tools and support to successfully grow your business beyond borders. It is cheaper to get a membership on Lalaaji.com, than a flight ticket to Germany or Netherlands for a trade fair. <a href="http://www.lalaaji.com/register" target="_blank" rel="noopener">register now</a>

How to sell handicrafts online in Pakistan?

B2B E-commerce: what it is and how to start&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
B2B e-commerce business is growing faster than many know. In 2020, the global B2B ecommerce market size was estimated to be worth <a href="https://www.globenewswire.com/en/news-release/2022/09/14/2516316/0/en/Business-to-Business-E-commerce-Market-Size-to-Hit-US-18-57-Trillion-by-2026-Exhibiting-a-CAGR-of-18-70-Global-B2B-E-commerce-Industry-Trends-Share-Value-Analysis-Forecast-Report-b.html">$7.35 trillion</a>, this figure is ready to rise with annual growth of 18.7% from 2021 to 2028. Online shopping has become the new normal. This is the prime time to launch a B2B ecommerce and how can you be successful in 2022 with such business? No worries, we're going to answer you what a B2B business is, tips on how to do well. A useful insight and tips in this article for those who are interested in B2B ecommerce websites or promoting a B2B brand on an established marketplace. Let&rsquo;s go!&nbsp;
&nbsp;
What is B2B E-commerce?
The sum up to define B2B is quite straightforward. A business selling its product/services to other businesses. This can be anything, from office supplies to textile yarn. Your business model involves selling services or goods to other companies, whether it is domestic or international level where you are exporting products or services. For example; a textile manufacturer is producing clothes for a company based in Spain, who will then sell those clothes via its own streamlines to end consumers. A B2B buyer is most likely to search goods online and perhaps be using a dedicated B2B ecommerce platform such as: Alibaba. However, there are different types of B2B e-commerce business models out there.&nbsp;
<ul>
<li>Supplier oriented</li>
<li>Buyer oriented</li>
<li>Intermediary oriented</li>
</ul>
&nbsp;
The most common one out of the three above is the Supplier oriented regarding B2B retail. Businesses will generate interest and online sales when using B2B directory or online marketplace. The marketplace will allow the business to display their product/services as well as showcase the whole business in a virtual way. For example, its own website which tells you about the business and the whole set up of the business, how many people it employs, the warehouse or factory capacity. The sellers will have full control of their pricing strategy and, therefore, they can decide when they will offer discounts or offer special offers to attract new customers. Whereas buyer oriented B2B ecommerce is slightly different and works by promoting a handful of verified sellers to a large number of buyers online. Those buyers will usually have their own website where they sell goods and products. The seller can browse through it to determine whether they would like to work with them. This marketplace is often set up by the buyers in order to find a good source which is reliable when it comes to outsourcing production. Furthermore, intermediary-oriented marketplace involves a matchmaker so to speak. The third party will analyse the needs of the buyer and introduce them with one or more suitable suppliers. The owner of this site will have full control over the information about manufacturers and sellers as well as the buyers.
How B2B E-commerce works?
Are you looking to get started with B2B ecommerce in order to boost your export and grow your business? Then, Lalaaji.com is the perfect platform for you. This is a Pakistan centric marketplace; Sellers from Pakistan will be the spotlight and we are going to connect buyers all over the world with Pakistan. Various businesses who qualify as wholesaler, manufacturer or trader will be eligible to be part of the Lalaaji seller community. Buyers will have the luxury to directly contact sellers and choose from a wide range of products/services. Lalaaji.com also offers:
<ul>
<li aria-level="1">Advanced chat facility</li>
<li aria-level="1">Place order, order tracking</li>
<li aria-level="1">Website</li>
<li aria-level="1">Product catalogue</li>
<li aria-level="1">Marketplace marketing</li>
<li aria-level="1">Extensive customer service</li>
<li aria-level="1">Ability to search and filter the search results to find the most suitable supplier</li>
<li aria-level="1">(soon) safe and secure payment system to facilitate online sales</li>
</ul>
Visit <a href="http://www.lalaaji.com">www.lalaaji.com</a> and see for yourself, a marketplace uplifting Pakistan. Connecting the unconnected with global trade.
Benefits of B2B E-COMMERCE
Since you have reached so far, we are confident that you now know what B2B ecommerce is. We are now breaking down key points which will be beneficial for companies why B2B marketplace such as; Lalaaji.com will help generate leads and increase profitability of businesses.
<ul>
<li aria-level="1">Ease of use</li>
</ul>
B2B platforms must be designed in a way that it is easy to navigate through. This is for sellers as well as the buyers. Both seller/buyer dashboards have a set of features and functions available to be used in order to do well. The platform will save enormous amounts of time when it comes to finding stock and new suppliers, ideally the connectivity with suppliers has become very easy and efficient.&nbsp;
<ul>
<li aria-level="1">Product range</li>
</ul>
A dedicated B2B ecommerce platform will also offer a much wider range of products than you'll find on general marketplaces such as Amazon or eBay. This is because they are solely focused on facilitating B2B sales and have built up a vast network of suppliers and manufacturers from around the world, who offer products and services specifically catering to businesses.
<ul>
<li aria-level="1">Lower cost &amp; fees</li>
</ul>
B2B transactions typically involve larger order volumes, which means lower transaction costs for both the buyer and the seller. In addition, ecommerce platforms for business customers usually offer discounts on bulk orders, making it even more cost-effective to do business in this way.
<ul>
<li aria-level="1">Improved customer experience</li>
</ul>
Majority of the B2B platforms online will have set up a dedicated customer service team. Any issues that may arise at any time there will always be someone to assist you in order to resolve a matter. This is a good edge when comparing it to a normal marketplace, because users of the marketplace are being nurtured and are given real value when they come in a situation where they are unable to go forward from. Issues with product uploading? No problem, contact support and they will resolve and worse case scenario if it is a technical glitch (common with technology) then they will go the extra mile to upload the product for the seller. Giving a good experience to customers of the marketplace will encourage them using this platform and that will trigger more sales through the platform as well as the trust customers develop with that marketplace is worth gold.&nbsp;
<ul>
<li aria-level="1">Fast, easy and sustainable order placement</li>
</ul>
Yes! Finally found what you were looking for on the marketplace, but you want to change a few bits? No problem. You can either instant chat with the seller or you can send a message and you can place the order once you approve the final edition of the product and of course you have negotiated the desirable price. Probability of human errors is being reduced as the middlemen&rsquo;(s) have been excluded; it is the buyer and seller dealing with each other. Through AI the order management is being monitored, sellers will be notified when stock is low, and it will allow sellers to take necessary steps to avoid &lsquo;no stock&rsquo;.&nbsp;
<ul>
<li aria-level="1">Global presence</li>
</ul>
Marketplaces will often reach sellers/buyers around the world. Making it easier and accessible for sellers and buyers to drive trade. Often it is difficult for sellers to find buy leads and vice versa it is a struggle for buyers to find the suitable seller.&nbsp; The platform will take you to all corners of the world. The internet is bringing not only people closer but also businesses closer than ever to boost sales and efficiency. Tapping into new markets, new customers and new trends. Travel the world on platforms like Lalaaji.com from Pakistan to Europe, middle east, Africa or America.&nbsp;
<ul>
<li aria-level="1">Data analytics</li>
</ul>
The digital world makes it easier to fetch data and information about your company as well as your targeted audience. From logistics to customer history, there is so much to learn from sellers/buyers and that way you can choose to enhance customer experience. You can see what and when your sellers are buying. Buyers can see the professionalism of sellers, how quick they respond to queries and what is the successful ratio of completing an order.
<img src="https://content.erip.me/api/assets/lalaaji-prod/afc224ea-1597-4d0e-a9b7-d9563a22484c/untitled-design.png" alt="" width="800" height="451" />
How to start B2B ecommerce?
Vital tips which will be key in order to do well in B2B ecommerce. Before you start promoting your businesses on a marketplace it is important to ask yourself first what services/products you are going to offer and who is your target audience. For example, Pakistani companies are not actively spread on B2B marketplaces, there are only a handful companies who are. Therefore, identify what products will set your company apart, look at your competitors and their pricing strategy. There are also products e.g., tissue paper which are all year round in demand. The reason why you should look at your competitors who offer the same product, why are they going to come to you if it is the same? Well, make sure you give attractive pricing in order to hit a dent in the market and you establish a reputation in that segment. Overpricing your products can cost you dearly, an unknown supplier who is more expensive than an established and digitally well reputed company, can backfire. Although as we mentioned before, always have a margin for yourself, without profitability your company will not be able to survive for a long period.&nbsp;
Once you have identified the perfect pricing and you are also flexible in negotiations with buyers you can then start promoting your product and services. The purpose of promoting your products is to attract new leads who will visit you and contact you for further information or alteration of existing products. One of the best examples; Alibaba who did very well for Chinese manufacturers by providing an excellent user-friendly platform. Whereas Lalaaji.com is a platform who does the same for Pakistan based companies.&nbsp;
The presence of Lalaaji.com in Pakistan will take you through a whole verification process. This is important for buyers as well as sellers to maintain the reputation of the platform and avoid fraudulent companies coming aboard. Company profile will be verified, then your product will be verified, then your details will be validated and then it is time for action. Nurture your business and reach thousands of potential customers around the world.&nbsp;
Are you ready? The new world trade for Pakistani sellers starts at <a href="http://www.lalaaji.com">www.lalaaji.com</a>
&nbsp;
How to achieve success in a marketplace?
<ul>
<li aria-level="1">Mobile sales</li>
</ul>
Millions of people use mobile phones to browse online and yes also on a marketplace. As a seller it is your responsibility to see whether your website/catalogue on the marketplace is looking exceptional on smartphones or tablets. Poor design in the mobile optimisation will start losing interest from customers. Lalaaji.com is a marketplace who is giving the sellers an optimised platform in which you only must maintain the design and quality of your uploads, the rest is taken care regarding mobile optimisation. Again, we remind you to always upload the best quality images.&nbsp;
<ul>
<li aria-level="1">Simplified repeat orders</li>
</ul>
Through our artificially designed platform, like many other B2B platforms also Lalaaji.com is offering a seamless buying experience. Once you have uploaded a product you have the option to multiply the upload and you can edit images and titles, yet the majority stays the same. Customers who have purchased from you, can repeat the order with just a few clicks as well as that they have the freedom to edit anything they want if it is required. Not just this, we also recommend similar products which a buyer potentially could buy. This seamless process is being offered in order to encourage more and more B2B transactions.
<ul>
<li aria-level="1">Personal interactions with buyers</li>
</ul>
B2B is much more complicated in comparison to B2C. However, with the use of technology marketplaces are advising and giving the freedom to engage with buyers on a more personalised shopping experience. The B2B industry has undergone an immense change, on average 12 online searches are carried out before a B2B transaction takes place. Marketplaces must think for both clients, one is the seller on the platform and one who is the customer of the seller who is the driver of the platform. With AI tools today a more personalised buyer experience can be offered for B2B buyers.
<ul>
<li aria-level="1">Online customer service</li>
</ul>
The pandemic covid-19 has made the people more conscious about using technology which will keep their business running. Research shows that 75% of B2B buyers prefer interaction virtually rather than face to face meeting. This clearly indicates that every company must be online in order to establish a good reputation. Instant messaging to service providers in any case. The marketplace is doing their role with giving services, sellers must do their part too on the marketplace and their digital platforms by giving prompt services to their customers.
<ul>
<li aria-level="1">Competitive analysis</li>
</ul>
Know your customer of course! But also know your competitors. You can carry out analysis in order to identify what competitors are doing better than you. What are they offering, what pricing strategy are they using, how are they approaching their customers, how is their online presence, are they offering special deals and how is their social media activities coming along? Identify your weaknesses and strengths and use that to improve the overall experience you are offering.&nbsp;
Sell on Lalaaji.com
This platform is revolutionary for Pakistan. The first ever B2B online marketplace who is encouraging SMEs to export their products/services. Similar to what Alibaba did for China, Lalaaji the big brother in trade is doing the same for Pakistani companies. According to TDAP 80% of Pakistani companies have a poor or no online presence. Time to turn this around with Lalaaji.com, <a href="https://www.lalaaji.com/register" target="_blank" rel="noopener">register now</a> and get verified, choose your plan and time to rocket your sales.
 
References:&nbsp; 1. <a href="https://www.bigcommerce.co.uk/articles/B2B-ecommerce/B2B-ecommerce-trends/&nbsp;" target="_blank" rel="noopener">https://www.bigcommerce.co.uk/articles/B2B-ecommerce/B2B-ecommerce-trends/&nbsp;</a> 2.<a href="https://www.shopify.com/enterprise/B2B-ecommerce#3&nbsp;">https://www.shopify.com/enterprise/B2B-ecommerce#3&nbsp;</a> 3.<a href="https://simplyvat.com/top-10-trends-in-ecommerce-for-2022/&nbsp;">https://simplyvat.com/top-10-trends-in-ecommerce-for-2022/&nbsp;</a> 4.<a href="https://simplyvat.com/top-10-trends-in-ecommerce-for-2022/&nbsp;">https://oroinc.com/B2B-ecommerce/blog/B2B-ecommerce-trends-2022/&nbsp;</a> 5.<a href="https://www.pureclarity.com/B2B-ecommerce-best-2022-practices">https://www.pureclarity.com/B2B-ecommerce-best-2022-practice</a><a href="https://www.pureclarity.com/B2B-ecommerce-best-2022-practices">s</a>
&nbsp;

B2B E-commerce: what it is and how to start?

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