Today, several businessmen are hoping to maximize their profits by sourcing products from China. There is a vast array of affordable products in this country and more importantly, a lot of consumers prefer China goods. They continue to search for effective ways on how to import items from China. In this way, they are making the most out of the economies of scale.
If you’re a novice and want to get into such business, you have to know that there are a number of responsibilities involved in importing. Your tasks will consist of choosing a supplier in China, guaranteeing the quality of your import goods, negotiating the trade agreements with your supplier, and knowing the trading laws and import regulations.
Searching for a Supplier in China
There are several ways to find a suppllier in China. You can attend trade shows for instance since these events aim to gather international buyers and providers in one location. However, these gatherings are only seasonal. Another option is to be involved in the services of an online sourcing representative from China. These people make importing less difficult for you. Basically, they acquire products at more competitive rates for their clients. You can also rely on them because they fully grasp the heritage and dialect of their location. Plus, it will be easier to talk to suppliers with their services.
The internet is a great place to search for Chinese providers as well. There are a bunch of websites with an extensive collection of large-scale and small-scale businesses who are selling every type of product you can imagine. Majority of these websites operate as mediators for importers and producers. It's inevitable that the competition in these sites is intense, resulting to very competitive prices.
Ensuring the Quality of Import Goods
There are some various ways to ensure the quality of your goods. One way is to request for product samples before placing an order. However, there is a possibility that the final product might possibly from the item samples provided.
There are a number of risks associated for import buyers who do not go through quality control. There are instances wherein the quality of the delivered goods are different from the samples being presented. As the formula goes, sub-standard merchandise equals profit loss. By contracting an inspection company or sending out an employee to perform the inspection on your behalf, you can eliminate any possibility of non-conforming items.
Negotiating the Trade Agreements with Your Import Supplier
Negotiate the payment and shipping terms prior to finalizing your transactions with the supplier from China. Decide how the shipment shall be handled, whether it will involve duty paid rates or freight on board. Deliver duty paid cost suggests that all the expenditures are shouldered by the Chinese supplier. Freight on board however, means that you have to shell out for the shipping cost from moment the merchandise leaves the supplier’s doorstep. Usually, the supplier manufactures the goods and is in-charge of the packaging. But you can negotiate if they can take over the delivery too.
Knowing the Trading Laws and Import Legal Guidelines
When you import products from China, you need to be aware with China’s trading laws and import regulations. There are products that will need accreditation before they can be exported to other countries. Some producers might not reveal the type of info until you’re at the shipping stage.
Import restrictions within your nation should also be taken into account. All the necessary documentation needs to be prepared before the cargo will be delivered into your country. Be aware with the duties and tariffs of your goods as well. Take note that various kinds of items also have varied import duties. Customs will not release your shipment unless the duties are already paid. It’s best to have a rough calculation of your expected expenses in order to avoid any issues concerning customs later in the future.