048: How To Source Products In China For Drop Shipping and FBA – Rico Ngoma
Rico Ngoma grew up in Canada and at a very young age realized being an expat entrepreneur was in his blood. After a trip to China and seeing the difficulty with finding how to source products in China for drop shipping and how to do business in China, Rico realized that he could assist other entrepreneurs on how to find a good manufacturer in China.
Rico Ngoma talks to us about his life since 2014 living and working in Guangzhou, China. With 24 Million people and thousands of factories, most would find it almost impossible to navigate, especially with the language barrier. China is not like most countries where English is spoken in most parts of the country. To survive in China, one must learn even the basics of Mandarin just to survive. Rico found a small expat entrepreneur community in Guangzhou, which has helped him to feel more at home.
Source Find Asia is Rico’s company. He explains to Mikkel how they are problem solvers for those that want to learn:
- How to do business in China
- How to source products in China for drop shipping
- And how to find a good manufacturer in China.
Rico Explains How to do Business in China
Rico Ngoma and Mikkel Thorup chat about how to do business in China and the concept that China is a great source for drop shipping, but where do you start? who do you trust? These questions and more, from someone that knows how to source products in China for dropshipping.
Rico Ngoma tells us the difference between a Trading Company and a Factory. Rico recounts some pretty funny stories about when they first started Source Find Asia. He claims that you must be a detective to really understand how the buying works in China.
How to Find a Good Manufacturer in China
Rico Ngoma chats about how to find a good manufacturer in China and how to source products in China for drop shipping and all the pitfalls that can happen if you’re not aware of the many different areas that need to be covered when you want to learn how to source products in China for dropshipping.
Rico Ngoma’s company: Source Find Asia
- Manufacturing Consultants
- Introduction to Factories
- Interpreting the language
- Peace of Mind for Clients
- and more!!
If becoming an expat entrepreneur is in your blood, or you want to learn how to do business in China, or how to source products in China for drop shipping listen to Ep 029: Jim Cockrum – where Jim talks about how his company does $25 Million in Sales on Amazon.
How to Reach Rico Ngoma
rico@sourcefindasia.com
FINAL THOUGHTS
Super interesting episode with Rico Ngoma. I previously understood some of the intricacies of drop shipping, but Rico really helped me to realize that what is the most important part of the process is having a company that speaks your language, that you can trust to get the job done, and having someone in your corner!
I hope you get as much value from this interview with Rico as I did… and if you would like to stay up to date with all new content that comes out at The Expat Money Show make sure you sign up below for our newsletter; EMS Pulse – my behind the scene daily correspondence where I give you all the intel as I travel the world and build my business, develop key relationships and invest in non-traditional investments overseas (very profitably I might add!)
About The Host, Mikkel Thorup
Mikkel Thorup; the host of The Expat Money Show, has 20+ years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.
His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.
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