SourceIf you intend to conduct your own online business you must be importing from China to be successful. The traditional drop shipping model in which you sell someone else's goods for a profit and buy them at a lower price is no longer viable. The new concept of 'wholesale and drop ship' retailing is way beyond the reach of many small time businessmen. So, what are the compelling reasons to import from China?
Huge Chinese consumer base: China is one of the fastest growing countries in the world, and their population is continuously growing. So you will find that even if you only import small quantities of items from China - say a few hundred - you will still have a large consumer base. The lower pricing of Chinese goods compared to those in western Europe and the US is another reason for the popularity of Chinese merchandise. Furthermore, if you use a reputable freight forwarder in China you will save a lot of time and hassle in sourcing for the best possible prices for your import from China .
Standard of living: The standard of living in China is much higher than in any other country in the world. Therefore, your supplier should also be able to provide you with a good quality product at a reasonable price. The lower pricing in China is partly due to the fact that the Chinese manufacture products on a much larger scale than their western counterparts. However, as the Chinese economy matures the quality standards are bound to improve.
Free trade agreement with China: Most goods imported from China are required to adhere to the Chinese government's goods imports policy. The reason for this is that most of the products being traded do not come from free trade nations such as the US, Canada and European Union. Most trading companies have agreements with their respective governments to abide by the minimum standards of these nations.
Customs Broker: An important aspect of importing products from China is finding a reliable customs broker. You may not be aware of this, but customs brokers do not care about the minimum order quantities or the tax. Their main interest is the amount of commission they can earn. They will charge you whatever they like; up to 50% more than the cost of importing the product from China. It is therefore essential to select a trustworthy customs broker.
How to import from China to USA, Canada or EU? In the past it was very difficult to import goods from China. This was mainly because of the custom duties and the need to have an agent in China. However, in recent years it has become much easier to import goods from China. Most of the customs brokers are US based or have direct access to Chinese customs officials.
So, now you know how to import from China to USA, Canada or EU. Now it's time to think about where to source for your merchandise. You will find that most of the retailers in China ship to either Mexico or Brazil. The Brazilian customs often charge less than the Chinese customs dues. So, now you have the opportunity to buy products at wholesale prices and then resell them or use them as raw materials for manufacturing purposes in your country.
Of course, importing china from China is just one aspect of international trade. You must also think about the business side of things- how to source for your raw materials, how to set up your manufacturing unit, how to fill out your export paperwork properly- and so on. It is very easy to overcharge for your goods if you do not understand the technicalities of import/export. For all these reasons, it is advisable that you hire a professional to take care of all the intricate details of importing and exporting from China. Hiring a professional importing company from China is a wise decision that can save you from future complications.
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