China is one of the most sought-after countries when it comes to importing. As per the reports, 18.6 percent of total imports made by the US in 2020 were from China. If you think that importing from China is extremely expensive and reserved only for the big companies, you need to debunk this belief right now. With the help of internet connectivity, even smaller businesses can import products from China.
However, foreign companies may find it difficult to figure out all the required information about sourcing products from China. What should be done to address this issue? If you follow a few tips on importing from China, you can cost-effectively benefit your business. Go through this blog to decipher these tips.
Tips on Importing from China
Picking the right product and development plan
Which is the best product to source from China? It will depend completely on your current situation. Initially, you need to talk to your respective market. You must go through your email list carefully to call the current and previous customers and understand what your competitors are offering. You can start building an idea of what you are going to offer. If it is similar to something that already exists, it is not a bad idea. If customers are buying that similar product, you have a chance of doing pretty well as your products will also have demands.
Once the product is decided, it is important for you to determine what the customers like or dislike about the existing product. Taking inputs from this analysis, you should create a strategic development. This step can make product sourcing easier for you.
Finding a suitable supplier- manufacturer or trading company?
You may have a wide list of potential suppliers. It is important to narrow down the list and head toward the right supplier. You must be very careful while choosing a supplier. Companies often complain against the distributors for a terrific experience. If you want to avoid such experiences, you need to take a few things into consideration before choosing a supplier. You should consider the following facts:
- The supplier’s ability to export to your market
- Their geographical location
- Their background
Before signing a contract, you must be aware of the shipping policy of your supplier. Is it aligned with your requirements and goals? You should understand each term and condition to make your product sourcing safe and hassle-free.
Education about Chinese business etiquette
Each country has its own ways, rules, and regulations. If you want to import from China, you must educate yourself about the country’s norms, rules, and regulations to be compliant with legal standards.
Factory & product inspections
Before investing your money, you must check the factory. It should have an ideal infrastructure and the right environment. If possible, you should check the products before delivery. A large number of companies across the world rely on trusted agencies for sourcing products from China for the purpose of inspections.
A Final Takeaway
Other than the points mentioned above, buyers should evaluate aspects such as shipping workflow, delivery times, quantities and the expenses involved. Do consider these things wisely and make your product sourcing from China hassle-free.