New Factory Identification

You need to source a reliable and efficient supplier for your products and don’t have time to waste on the wrong kind of supplier or a lengthy search. Our team takes away the hassle and provides the best possible export-ready suppliers and component sources for your needs.

During our new supplier or factory identification process, we find you export-ready suppliers or component sources that appear to be suitable for your needs from the most relevant directories and our own network of qualified manufacturers in China, India, and SE Asia that we’ve built up over many years.

The first deliverable you will get is a list of potential suppliers we have identified, with all the information we gathered from them:

  • Company name and contact information, size, export orientation…
  • Current products, capacity
  • Quality standards, company certifications
  • Business terms such as MOQs

You get this information within 1-2 weeks.

We are NOT paid based on a commission (for example, 10%). We have no incentive to skew the results or to push you toward more expensive or cheaper suppliers.

How much does new supplier identification cost?
Pricing is tailored to each project based on its scope and complexity. Typical costs vary depending on product type, supplier location, and required support.

This solution costs 40 USD per hour and we will quote for the first block of work (identifying potential suppliers) with an estimated time. It’s not uncommon for this first block to be around 10 hours. Our invoice is payable in advance.

As a guideline, project costs can vary widely. If your product is simple, we could do the research, arrange a sample purchase, and perform a sample review, for around 500 USD in total. (It does not include the price of the sample or other expenses.) However, some projects will take longer while some only require as few as a couple of hours work.

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    New Factory Identification FAQs

    The new factory identification or supplier sourcing process is so much more than just searching online, say on Alibaba, sending a few emails, and then making a decision. It also requires careful screening of potential suppliers and negotiation.

    Many inventors, startups, and SMEs want a long-term, efficient, and mutually beneficial relationship with their supplier, but have little experience in finding one that is a good fit.

    Do you have the time and money to waste on working with a supplier who is unsuitable, doesn’t ‘get’ you, or is working for their own benefit?

    Sofeast makes it easy for you by handling the sourcing process of new factories (for manufacturing) or suppliers (for products or components) for you.

    Here are examples of some different strategies that we may follow:

    • If your expected volumes are very small by China’s standards, you might have to buy from a wholesaler (either in China or in your home country).
    • If your expected volumes are very large, you will get better terms and save money in the long run by working with a contract manufacturer.
    • If the firmware of your electronic product is highly proprietary, pick a factory that does the reflow & SMT processes, as well as assembly, in-house.
    • If you already know the factory will need to be approved by Disney, the easiest is to find one that is already approved.
    • If you need to develop a new product that will go into people’s mouths (strict hygiene is a must), pick a supplier that makes products with similar needs.
    • If you need to import items for which fewer than 10 Chinese factories are licensed (e.g. firearms), find out which of those are allowed to export.

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