subject: Basic Processes On How To Import Goods From China [print this page] The importation of Chinese merchandise is a growing business trend worldwide. Businessmen today develop ways on how to import goods from China. This is reasonable venture since there is a constant increase in the demand for these products. But there are procedures every starting entrepreneur must take into account, to avoid risks that pull down the business before it even starts.
Identifying Your Import Products and Suppliers
The availability of the internet opened endless opportunities to find vendors from China. You can visit online directories for information regarding China suppliers. This way, it is also easy to check the list of available items provided for importers. For extra precaution before contacting providers, verify their credibility first.
As scams are rampant nowadays, you will have to ensure a particular supplier is legit. Attending shows is another great way to find suppliers. These are great avenues for importers to meet the vendors in person.
Picking the Best Import Supplier and Evaluating Their Products Quality
When contacting suppliers; attract them by explaining your business. Of course suppliers have piled up heaps of orders for production. So if the quantity you plan to order is quite low, they might not immediately accommodate you. Another primary concern is going to be quality of products. You can even request for samples but you must pay for the delivery fee associated with the shipment though. When getting samples, it is still crucial that you meet all customs requirements.
Comprehending the Terms of Trade of Import Products
Payment terms differ from one supplier to another, so basically there is no standard rule for this. However, the most common payment term involves the initial payment for 30% of the total cost during ordering and 70% when merchandise is shipped. The down-payment is necessary for the production process to begin. This will also protect the suppliers from non-paying importers. The payment terms when importing Chinese products is more complicated than purchasing locally. So, have a discussion with your supplier and agree on a payment scheme which will be beneficial for both parties.
Complying with Import Duties
It will be the sole responsibility of an importer to ensure the shipment follows all the customs regulations. If youre unsure with the rules and regulations, you just need to contact your local customs agency. Customs officials will hold your products if the standards aren't met. This is very important since this might affect your profitability as well.
Shipment Options for Your Imported Products
The transportation costs and terms should also be dealt with. Although most of the transactions are handled by the supplier, you'll have to identify at what stage of the shipping becomes your responsibility.
