How to Spot Fake Suppliers (Avoid Scams)? | Import Export Business | Harsh Dhawan
When engaging in the import-export business, identifying fake suppliers is crucial to avoid scams that could lead to financial loss and damaged reputation. Here are key strategies to spot fraudulent suppliers:Verify Business Credentials: Start by checking the supplier’s business registration, tax identification number, and export license. Authentic suppliers should readily provide these details. Cross-reference their information with official databases or relevant authorities.Conduct Background Research: Look into the supplier’s history and reputation. Check online reviews, testimonials, and ratings from previous customers. Engage with industry forums and communities to gather insights about the supplier.Request Samples and Documentation: A genuine supplier should be willing to provide product samples and detailed documentation, including quality certificates and compliance records. Be wary of suppliers who hesitate or provide inadequate information.