Wednesday, August 31, 2011

How can we distinguish foreign trade fraud and can we develop ecommerce on mobile phones?

Many China suppliers and international buyers are afraid of fraud cases in foreign trade business process.

The reason may come from unfamiliarity between both sides as both sides do not know each other's real conditions or credit.

As for some new suppliers or international buyers, they may lack of basic experience and they only know some skills and tricks from books or from other rivals experience which may have been posted on some websites.

There are several points to protect your interest and right in foreign trade.

First, international buyers or intermediaries may send you an email or call you to inquire you what products are your main business products, and then they will require company profile and product detailed information. If the supplier asked the order amount, the other party may decline to answer since it is still at the early stage.

If there is a fraud company, they may know your products clearly and the fraud company may answer order amount which may be millions of US dollars or tens of millions of dollars.

Second in normal foreign trade, the buyers will check the product quality and the company's certificate and credit.

But the fraud company will not give any excuse to refuse, just agree on any issues simply.

Third, in normal foreign trade, buyers will contact you or even visit factory if they are satisfied with the sample products. They may consider more issues and spend more time on negotiating on the final price.

If there is a fraud company, which may not know market trend or price range, they will receive some unreasonable price and they would not spend much time on negotiating prices.

IBUonline is a B2B platform and it has launched foreign trade entrustment service. Registration only takes several minutes.
A report revealed that there were more and more Chinese citizens preferring cell phone communications.

According to a statistic, which showed China's total number of cell phone users has jumped to 929.84 million.

The total number of third-generation (3G) cell phone service subscribers expanded to 87.2 million by the end of July, according to the same statistic.

Due to large consumers of telecommunication, including fix-line telecommunication and cell phone telecommunication, the entire telecom industry has recorded 559.46 billion yuan ($ 87.6 billion) revenue from January to July in 2011.

We can see the mega trend of mobile phone application since there has been more and more services could be used on mobile phones, such bank payment, transportation payment in large cities, internet access and internet games could also be conducted on mobile phones. Some brokers could sell and buy stocks on the mobile phones easily.

People become more and more reliable on cell phones, so some work could be done on mobile phones because many people could send documents or send conformation information from cell phone to cell phone, Emails can also be transferred on the mobile phones.

Mobile phone is easy to carry out in any place where there are good signals or internet access.

Nowadays, some online business companies have developed software which could be used on cell phones, then the company could develop more and more customers who prefer go on the internet through cell phones.

In fact, IBUonline as an innovative B2B portal has developed software for easy order users, including china suppliers and international buyers. Both sides could conduct business transactions, communicate with each other and monitor the order implementation procedures on the mobile phone with internet access.

Please visit IBUonline homepage and register as a member for free.

IBU is more than an international business platform; we not only connect global buyers and suppliers, but also participate in the whole process of international trade, provide a series of practical services (off the platform) to greatly enhance the efficiency of global trade.

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