With time, China has become a leading manufacturing hub in the world. No matter what type of products you are looking for, you will easily find them in China. In fact, there is a rising demand for China products across the world. As per the market experts, importing goods from China can be a successful and effective way of global sourcing for businesses across the world. It has offered an amazing opportunity to both the reseller and buyers.
But importing from China is not an easy task and can be very challenging, especially for those who are doing it for the first time. The product importing process can be costly, confusing as well as complex. On the other hand, delays, various regulatory fees, and changing costs of delivery can also affect your profit margin.
However, you can still make the process simple and successful for you. You can work with the best importing agent in China and follow some simple strategies mentioned here. So, let’s talk about how to import goods from China successfully.
Understand the important rights
When you import goods from other countries, you become an importer. Well, there are many courier service providers, such as FedEx, UPS, DHL, and more, who can handle your orders if you are ordering in small quantities. However, before importing, you will have to understand your import rights.
For example, if you are from Europe, then you need to register yourself as an economic operator and get your EORI- Economic Operator Registration Identification number. You should remember that different import regulations apply to products imported for resale or business purposes. And the customs authority will decide the nature of the products and apply rules accordingly.
What do you want to import from China?
You all know importing the wrong products can lead to a huge loss. So, if you want to make a profit, then choose the right products. Your products will define your brand and help in growth. To understand what products are important, conduct market research and check what types of products are in demand. Besides, collect information about goods like composition, samples, and more. This way, you can determine the tariff classification number.
Check the trade barriers and import tariff
You also need to check for things like international certification, quality standards requirements, and all for successfully importing goods from China. As trade protectionism is rising worldwide, it is recommended to conduct an extensive cost and benefit analysis before choosing any import options. High tariffs can lower profits. And for certain products, UL, CE, and other such requirements and accreditation may be required.
Manufacturers or trading agents
Well, some businesses prefer to buy products directly from the manufacturers. It helps them make better profits, and it facilitates direct communication. But some work with Chinese trading agents. Such agents are committed to huge orders and mass production. Some also offer better deals and can handle the task of pre-shipment inspection for you.
Choose a reliable supplier
Always qualify the wholesalers in China before placing any order. Some suppliers may try to earn money by making stunning business websites. So, a proper background check about the legitimacy of the company is a must. Do some online research, check the license and registration of the company. You can also hire a professional consulting firm for this.
Arrange a good cargo transport
There are different costs involved in shipping goods from China. For example, broker fees, packaging fees, warehouse, container fees, and more. To calculate the total shipping cost, you should combine all these things. You can ask the supplier to offer you a quote on this. If you are happy with that, they will start the process. You can choose between air freight or sea freight when it comes to importing goods from China. Always remember that delays may happen in this process due to some unavoidable reasons. So, you should be prepared and always have a second plan.
Track the cargo and get ready to receive your products
Importing goods from other countries takes time. And shipping goods from China can take more than 14 to 30 days. Well, you will be notified about the shipment status through the arrival notice. When it reaches your country, you need to submit all the required documents to get the products. You can hire a customs broker to deal with the customs clearance formalities.
When it comes to saving money and making a profit, then importing products from China is a good option. And by following these strategies carefully, you can make the whole process comfortable for you.