Importing Products From China For Resale On Ebay
With globalization and advances in international trade technology
, businesses today have become truly global. Thanks to the Internet, sourcing opportunities have never been more abundant or varied. Once viewed as the territory of multi-national companies and big businesses, it is now possible for even the smallest and most inexperienced eBay seller to look across the globe for the next great product idea.
Choosing The Right Product
The first step to choosing the right product is to decide on whether to source a standard, off-the-shelf item or to customize a product and make it exclusively your own. If you buy standard items that are made continuously by many factories, all you need is to contact a few suppliers, get their best quotes and do a quick quality check on the product. If you plan to buy customized products, however, ensure that your suppliers clearly understand your specifications and can meet them with the manufacturing resources at their disposal.
Some of the products (both customized and off-the-shelf) that can be bought from China for attractive prices include stationery products, un-branded electronics, PC and mobile phone accessories, non-designer wear clothing, toys, and fitness equipment and accessories. Steer clear of websites that offer branded electronics, DVD box sets or designer clothing, as these are mostly scams aimed at the unwary and inexperienced buyer.
Locating A Dependable Supplier
Dealing with a serious and dependable supplier ensures good quality items and can help deflect many potential disputes. If possible, visit China and check out potential manufacturers directly. However, first-hand scrutiny is often not practical; in such cases, publications and e-zines on the subject are good places to start your sourcing research. There are also a number of websites where you can find suppliers.
When you are exploring sourcing opportunities, be sure the company you are evaluating actually exists. Call the potential supplier before committing yourself to a written contract. A good Internet sourcing-portal will also include contact details such as names, numbers and e-mail addresses so you can easily get in touch with suppliers with queries and concerns.
Once you are in contact with a prospective supplier, clearly state your requirements with regard to product specifications and order terms. Make sure to ask extensive questions about the manufacturing process as well as quality control. Inquire if the supplier is willing to provide product samples so you can test them yourself. If not, try to attend a sourcing fair to test samples free of charge.
Payment
When dealing with suppliers from China, the most common method of payment is the money transfer. In most cases, you will not be able to pay by credit card and it is recommended that you stay away from sites that accept Western Union or Money Gram; they are more likely to be bogus. Some companies do accept PayPal for regular customers, and if you have a large enough budget, then it is recommended that you opt for a letter of credit.
Shipping
It is the your responsibility as supplier to pack your order in compliance with standard practices for shipping, as well as complete all paperwork necessary to ensure that your consignment is ready to leave China. Conversely, it is the buyers task to make sure that the packages comply with all U.S. regulations and safety standards. This includes clearing the goods through U.S. customs and paying all requisite duties, taxes and tariffs.
The right trading partner can help you as you learn the ropes of getting your products from China to your location. Nevertheless, there are two types of import provisos that you must be familiar with: Incoterms and the Harmonized Tariff Schedule from the U.S. International Trade Commission. The Harmonized Code system is a global classification standard that applies specific codes for every product that is imported. The U.S. Customs and Border Protection (CBP) administer it in the United States. Before you purchase a product, it is important to note the tariff rate for bringing the item into the United States.
The International Chamber of Commerce established International Commercial Terms (Incoterms) to create a standardized method of identifying when the ownership of goods passes from the exporting party to the importing party. First established in the 1930s, the 13 distinct terms cover the entire process and are periodically updated as necessary. You can learn more about Incoterms through the International Chamber of Commerces website at www.iccwbo.org.
There are hundreds of profitable eBay-appropriate products that can be safely sourced from China. The key to successfully sourcing Chinese products for eBay is to concentrate on niche market items and creative customization that will appeal to your target audience.
by: Jane M Dawson
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