Import Opportunity – Increase your Profits by Buying Wholesale from China

Whatever the size of the business is, whether it is a multinational giant or a neighbourhood

convenience store, owners get to gain a lot when you import products from China. It is highly profitable to import from China for your store or become a distributor for many products that you can get at a price that is way lower than in the home country. If you are not presently getting direct, the possibility is that your supplier is a distributor or retailer of China made products.

Anyone planning to directly import from China will benefit from the extremely competitive price and cut down on additional costs and profits added on by middle men, agents or distributors. Even with import duties and other charges, China sourced goods will still be on the lower cost level compared to local wholesalers. Although the Chinese businessmen are new to doing business on an international level, they have taken advantage of modern technology to sell their products, to the convenience of international buyers.

With many multinationals getting into China sourcing and retail manufacturing, Chinese businessmen have begun to put up websites and have multilingual sales people in their companies. But it is best to remember that the business and negotiation culture of their country is different. Finding import products from China is easy but negotiating is not something that you can easily do yourself. Just ordering and importing products from China over the internet puts you at considerable risk, even if it is paid by terms governed by stringent inspection requirements. One way to go about it is to go thru import export courses or import export training which will teach you the basics of China importing as well as keys to a successful import business. Better yet, get a reputable import export coach or agent who will be your guide in negotiating prices and terms.

It is best to start off with a limited range of goods as most minimum order quantities are higher than local suppliers. Some Chinese suppliers even require a full container load before they would consider shipping out to your country while others would agree to smaller quantity orders and delivering it to consolidators who will put together orders bound for the same destination. China sourcing entails more complex logistics than local sourcing. Lead time, meaning from time between ordering, shipment and arrival in the warehouse is one major consideration. This is especially true when dealing with manufacturers who may still need to produce your order in line with other previously booked ones. Most manufacturers manufacture according to order and may not necessarily have a stock of finished goods that they can easily ship out. One thing to keep in mind especially during peak seasons like Christmas time is that there should be enough time for production and shipment.

A profitable import business is not impossible when importing products from China as it gives you the opportunity to source out products at cheap prices that can be distributed and sold at prices that are cheaper than local goods. This done, retailers can multiply their retail outlets while distributors can expand their businesses and their networks to include retail outlets that do not import directly.

Import Opportunity Increase your Profits by Buying Wholesale from China

By: Harry Broadbent

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