Everyone knows about globalization nowadays. Developing countries like China and India are known for their cheap exports. If you go to Wal-Mart and pick a random item off the shelf, chances are it’s made in a developing country.
Big enterprises have a vast network of foreign suppliers and professional purchasers to take advantage of the cheap importing opportunities. As a small business owner, it might be difficult for you to find good and reliable foreign suppliers. The good news is that the internet helps level the playing field.
Alibaba is an online business-to-business platform connecting buyers and suppliers, with an emphasis on suppliers from developing countries. You can search by products, prices, countries, or even special deals. If eBay is the trading place between consumers, then Alibaba is the trading place between businesses.
If you are curious as to whether you can raise your profit margins by finding cheaper suppliers, Alibaba might be a good starting point.