Tips before you decide on doing business online
Below are some tips that can help you in doing business online, safely:
1. Always check the credibility and financial status of the company before doing any business or making any transaction.
2. Check the company's infrastructure before placing orders and make sure whether they are capable of fulfilling your requirements or not.
3. Search the company name in search engines. You never know you may find some negative or positive review posted about the company, which may be of help to you.
4. Look for any certification that the company has. Certified companies signify that they are verified by third party agencies and have good infrastructure.
5. Do not make any kind of payment online using escrow, Western Union, et al. Always work in payment mode like irrevocable LC, LC at sight.
6. Ask for product samples and take reference from buyers with whom they have done business.
7. Correspond with the company representatives on phone and email before giving any order and making payment. You should verify the company's official email address, phone numbers and all contact details.
8. Cross check with other sources even in case of verified companies listed on any B2B portal or any other website.
9. If you have doubts, do not shy away from approaching the embassy of the country from where the supplier/ buyer belongs. Most embassies have a trade wing and can help you out.
10. Ask for their past business partners and contact them and know their experience of working with the company in question. Be alert, careful and always do some research beforehand.
1. Always check the credibility and financial status of the company before doing any business or making any transaction.
2. Check the company's infrastructure before placing orders and make sure whether they are capable of fulfilling your requirements or not.
3. Search the company name in search engines. You never know you may find some negative or positive review posted about the company, which may be of help to you.
4. Look for any certification that the company has. Certified companies signify that they are verified by third party agencies and have good infrastructure.
5. Do not make any kind of payment online using escrow, Western Union, et al. Always work in payment mode like irrevocable LC, LC at sight.
6. Ask for product samples and take reference from buyers with whom they have done business.
7. Correspond with the company representatives on phone and email before giving any order and making payment. You should verify the company's official email address, phone numbers and all contact details.
8. Cross check with other sources even in case of verified companies listed on any B2B portal or any other website.
9. If you have doubts, do not shy away from approaching the embassy of the country from where the supplier/ buyer belongs. Most embassies have a trade wing and can help you out.
10. Ask for their past business partners and contact them and know their experience of working with the company in question. Be alert, careful and always do some research beforehand.
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