Importing products from international market seems to be a lucrative option for wholesale traders but it also has its risks. Certain restrictions on international trade create complications in business transactions. Therefore, one must be very careful while buying products from the international market. Despite the complications, China has emerged as a hot favourite country for importers. For many of us as well, China is the country that comes to mind whenever we think of buying cheap products in bulk quantity.
Undoubtedly, China has established itself as a powerful economy and has come into limelight as a good source for every kind of wholesale product. Wholesale traders want to buy ‘made in China’ products as they can get the same quality they want and at very affordable rates. Despite of these apparent charms, there are a few complications that can arise while importing from China. Following are some considerations which can help you overcome these complications and will show you how to import from China with ease.
Another significant import concern that every wholesaler must consider is the quality of Chinese wholesale products. Numerous kinds of wholesale products are manufactured in China and all are of different quality – even the substandard products (according to international quality level) have a specific quality level for Chinese traders. They do not perceive the word quality as a standard because for them quality means that “all products must look alike”. They believe in copying something within a certain price range and making it look like the sample product.
That is why, whenever wholesalers signs a deal with Chinese manufacturers or suppliers, they must specify the ‘kind of quality’ they are after.
Who is your potential supplier?
There are many ways to source wholesale products from China. Internet is the easiest way to start with. However, you must pay close attention to the nature of business of your potential suppliers. Before placing your order find out whether your suppliers are manufacturers, exporters or middlemen posing to be suppliers. Manufacturers usually have a quick response time and attend to your requests regarding bulk order, product development and relatively low price. In addition, professional export manufacturers in China may save your time and solve issues related to international trade such as regulatory compliance, quality inspections and logistics coordination. Make sure you completely know your source before placing order.
Managing international trade can never be easy. For instance, what if you are paying in advance to manufacturers or wholesale suppliers and they vanish all of a sudden, or they take too long to deliver your products or they deliver substandard or damaged products and don’t agree to refund or return the product?
A wholesale trader needs to be in continuous touch with Chinese wholesale manufacturers or suppliers to make sure that wholesale products’ delivery will be on time and of high quality. You can get trade reference of Chinese suppliers from reliable wholesale directories or other resources to counter-check their repute.
Last but not the least, an significant barrier in trading with Chinese suppliers is language. English is an international language but they learn English not for the sake of business but just as a textbook language. Therefore, they are not so good in understanding the verbal communication and sometimes, things get lost in translation and you end up with the completely wrong products.
Now a lot of young Chinese wholesale suppliers are making real efforts to learn and understand English as a language to be able to deal with international traders in a better manner.
All these concerns are important for wholesalers when they tend to start importing products from China. Once you have addressed these hurdles, China will really be the land of opportunities for you.