Once you have firmly decided on sourcing from China directly, then you must analyze and make a list of all the factors that are relevant and will play a role in the process of getting the products from China. Chinese markets are a source of a variety of goods, which you can sell in the local markets at a very good profit margin.
The profit margin of the goods that you are sourcing from China directly is good because the cost of manufacturing in China is incredibly less. If you plan to buy goods from China, then you should buy the goods in bulk quantity. This is because you will be able to garner massive revenue, which will help you in growing the business.
One of the relevant factors is to find the right product to import which you will be sourcing from China directly and this product must be high in demand. This will allow you to generate a good amount of profit. However, if you choose the wrong product, which is not in demand in your local markets, then all of your efforts, time and money will go in vain.
Role of a Chinese supplier
Another very important factor that plays a critical role while sourcing from China directly is getting in touch with a reliable Chinese supplier. A supplier is no less than a business partner when it comes to doing business in china. A supplier can either make or break the business. The business venture will be extremely successful with the help of a good supplier.
However, when you don’t have the right supplier, your entire business may fall flat. Thus, it becomes imperative that you choose the right supplier. There are multiple ways in which you can get a supplier you can get a supplier in a wholesale market, in a Chinese trade show, on google, on directories, etc.?
Once you have chosen the supplier, the next step is to book the order. You must be patient because the product may take as long as 45 days to reach you. If you get the products in advance then it is a great thing because the customers would not have to wait much and you will get the products at the right time without any delay.
The role played by a sample
The next step is to get a sample of the products before you decide on sourcing from China directly because the sample will tell you about the quality of the product that you can expect. Although the manufacturer may show you the pictures of the product or may do a zoom call for the sample these are not sufficient. You will get to know the quality only when you have the product in hand.
The quality of the products will be very important and this is why you should never compromise the quality. Similarly, you should not allow any compromises to be made with the quality of the product. The suppliers in China are generally reluctant to send a sample because it reflects a general casualness in doing business.
This is why you should place a small order by the term “initial assessment order”. This will indicate your professionalism and you will get the desired samples at the same time. However, you will have to pay for this small batch too. However, this will ensure that your money is not left on a gamble at the mercy of the supplier.
Negotiate the terms
Once the quality inspection is done and you have made a positive opinion of the product, the next step is to book the order. This significant factor before you place the order is the price of the products. Therefore, make sure that you negotiate the price in such a way that you get a favourable deal for the product.
Remember that you are in the business of profit-making and hence, if the deal is not conducive to profit-making, then you can walk away before any deal is struck. Make sure that your order is specific with the payments and that you have communicated the terms of payment in clearly terms. Also, it is better to decide on the mode of the payment beforehand.
Preparing for the shipment
The shipment of the goods plays a critical role in getting the goods. The mode of shipment will decide the price and the time taken for the goods to reach you. The cheapest mode of shipment is the shipping method but shipment by ship takes a longer time. The fastest mode of shipment is thru the air. You must choose the mode of shipment on the budget that you are on.
There are multiple documents which are required in the process of shipment. This involves the commercial invoices, the packing list, the bills, etc. Further, the importer is also required to pay a bond with is similar to the insurance policy. Furthermore, there are many products which are straight away banned and you cannot import them from China.
Shipping goods from China
The shipping of the goods will be an easy task provided that you have the entire documentation ready at your proximity. If you are missing any document, then you can expect some trouble because the customs never tolerate such issues lightly. These seemingly small mistakes have huge ripple effects and their ramifications can be felt even on the business prospectus of your company.
The best possible means to arrange transportation after you are done buying Chinese products is to use a sourcing company or Freight forwarding company that is familiar with and partnered with freight companies. Freight forwarders are the intermediary between the Chinese supplier factory and the destination of the products/goods.
Conclusion
If you are having a hard time finding a good Chinese supplier then you must contact a sourcing agent who will help you in finding the ideal manufacturer as per your needs. This agent will be like your shadow in Chinese markets and he will do everything that you are expected to do. From maintaining the customs to managing the sourcing of products, he will oversee everything.