If you have an online store, or a small business, it really does make a lot of sense to import goods from China. Chinese goods are extremely cheap and offer a reasonable quality – this means you can sell these goods for a high profit margin from on your online shop. So what are the things you should keep in mind while importing goods from China?
Importing Goods from China – Getting Started
There are lots of products you can import from China. But before you plunge headlong into the importing business it would be helpful to read the tips here. The advice given here will be useful to you regardless of which country you’re from. The thing about importing from China is that the rules are pretty much the same, no matter from which country you’re importing from, whether from India, USA, Nigeria, South Africa, Morocco, Indonesia or Malaysia. So let’s get started!
Find In-Demand Products
What are the products that you interested in importing from China? Once you decide on the product to be imported, you can zero down on the possible supply sources. As an importer, you should first take a decision on a product to be imported, for which there is a lot of demand in your home country and where you face the least competition. Once you find the right product, the next step to look for the sources of the product. One of the best ways to look for suppliers is on Alibaba. We discuss finding the right supplier next.
Find a Good Supplier or Find Business Partner in China
Once you find a good supplier, it is important to build a good relationship with him. You should be comfortable dealing with your supplier and create a harmonious business relationship with him. The supplier should be willing to provide samples of his products for free. He should have enough experience in the industry and should provide referrals from satisfied old customers. A good supplier or manufacturer is worth his weight in gold. Once you find business partner in China, you should take steps to formalize the business partnership and create a bond with your supplier that lasts for years.
Understand the Terms of Trade between China and Your Country
One thing that often goes neglected when people import from China are the terms governing trade between China and their country. It is possible that your country has certain restrictions on specific Chinese products that you are probably not aware of. For example, India has recently levied a heavy tariff on Chinese imports because of concerns related to the dumping of Chinese products because of the devaluation of the Yuan. Other countries may have similar restrictions on Chinese imports. In the United States, for instance, there are serious restrictions on toys imported from China because of the fear that Chinese toys are unsafe for small children. So this is something you should keep in mind when importing from China. Another thing you should remember is that you will be charged 30% of the order on ordering and another 70% to be paid after delivery.
Hire an Efficient Freight Forwarder and Agent
Lastly, it is important to hire a reliable forwarder and customs broker when you import from China. This can make all the difference between a successful trade and an unsuccessful one. You will want your goods to pass the customs clearance with minimum fuss. Hiring the right customs agent will make this task so much easier for you and allows you to focus on the more important aspects of your business.
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