Top 5 Common Mistakes That New Importers Mostly Make

Most new importers tend to become too excited to get things done right away that they forget some of the most important things to consider when doing business with Chinese manufacturers.

For first timers, it is important to comprehend the steep learning process that is normally understood after doing 2-3 shipments. By that time, you will finally understand the entire process, terminology and acronyms involved in China International Trade.

In case of limited understanding on the entire import process and the working style of these companies, here is a list of the top 5 common mistakes that new importers mostly make.

1. Urgency leads to disaster

As new importers are excited with their new ventures, they tend to demand urgency with their orders. Though this is understandable for new entrepreneurs to become exuberant, moving too fast can sometimes cause disaster and misfortunes.

Urgency can sometimes result to failed quality control, skipped important procedures to cut short the production time or worst, losing good suppliers who can produce quality products but cannot cope with the urgency of delivery times. All these issues can lead to quantitative loss and huge problems over the course of time.

2. “Like for Like” specifications

New importers mostly start their sourcing process with B2B websites like China Homelife. The process involves reaching to multiple suppliers, acquiring quotations, comparing and identifying the best suppliers.

Sadly, importers do not properly compare like for like specifications unintentionally. There are differences in the product such as materials, paint, components dimensions and other important specifications that influences its overall pricing.

3. Overestimation of the Profit Margin

First time importers usually overestimates the profit margin on a specific product due to the basics of international trade. Even to some of the simplest international trade transactions involving several parties, it is hard to calculate the overall cost of product and therefore the expected profit.

4. Lack of Realization when it comes to Economies of Scale

New importers are static to start their business and do things necessary for its progress. As a result, they tend to fail in realizing the “Economies of Scale” and how it actually works. This one is a difficult process as it takes a while before you can get accustomed by the processes and procedures when importing products from China.

5. Expecting too much on small orders

We all want perfection but remember that it always starts with mistakes. This is probably the one important thing that every importer should know. It is very hard to expect perfection especially for smaller orders on your first manufacturer. There are certain things that influences the failure to achieve “Perfect Product” like economies of scale and the perception of factory workers/production to what you consider perfect and acceptable.

Importing products from China can inflict good advantages to your business. But for first time importer, it is important to consider the things that needs to be avoided for first timers so you can achieve your goals without suffering from eminent loss. Remember that with limited understanding when it comes to the overall import processes and working styles of Chinese factories, quality risk might incur and great losses might happen.

China As The Second Economy Giant Next To US; How It Surpassed Japan Will Inspire You

Previously, China was famous to be the land of royals and emperors. But now, China is considered an economy giant mainly because of their import and export business. China is a fast growing manufacturer of almost all kinds of products. Name it and top China suppliers eventually has it! Mostly into mobile phones business, China has become the largest manufacturer of mobile phones and similar gadgets worldwide. In fact, new technologies are constantly being developed in China every single day. If this continues, China suppliers will and a spot second to United States as the world’s largest economy.

What is behind this success? How did China managed to go up all the way to the second spot, next to US, overtaking Japan which is also an economy giant? Some theories suggests that it is a combination of these factors.

1. Products manufactured in China can effectively compete with products coming from the rest of the world. Reports claiming that products made in China are of low quality were quickly dispelled by manufacturers. According to them, buyers demand the standards of their manufactured products. With that, the blame is not on China supplier’s side. In fact, a lot of big names are manufactured in China and they have undergone strict quality control on the materials being used.
2. As of the moment, top China suppliers have cut down the red tape between Chinese government and foreign businesses. Previously, laws imposed by the government inflicts discouragement towards foreign business owners, resulting to less transactions with suppliers in China. But after China got involved in the World Trade Organization which was held last 2001, China was able to lure the international market and soon after, the practices and laws involving international trade was simplified, making it a lot easier to communicate to top China suppliers.
3. Rank as the number one highest populated country, China do not have problems with man power. The cost of living in China is also very low, resulting to a cheaper wage demand compared to US and Europe. This cheap wage greatly impacts in the overall product manufacturing cost.

Though language differences is still an issue up to this day, china suppliers resort in employing English-speaking staff to address this issue. Also multilingual sales offering assistance to foreign businessmen are highly prevalent in top China suppliers.

Business etiquettes also affects the failure and success in the business transactions in China. After all the trade liberalization that we have these days, culture and tradition still has a big impact when it comes to dealing business with China suppliers.

Finding Chinese suppliers is very important for importers to have flexible and variety of choices and options to choose from. For starters, it is best to coordinate with private companies as they have more information when it comes to trading practices and traditions in China. Nonetheless, it is important to understand the customs and traditions of China suppliers to be able to have smooth transactions with them. You can start by reading e-books and online information from export coaches.

China Suppliers Offering Drop-Shipping Method, How Can They Help You With Your Business?

eBay, one of the largest online shop today, are selling numerous items of different kinds. Most of these items are noticeably made in China. The big question that hunts every business owners is to how they can find a reputable China suppliers for drop shipping and wholesale supplies.  

Most items on eBay are second hand goods that owners find it useless but are eventually useful to others. Sooner or later, these kinds of sellers will run out of items to sell and will soon be finding Chinese suppliers to start a small buy and sell business in eBay. They would then buy products from wholesalers without realizing that it won’t sell all at once. These sellers would only end up being devastated of buying wholesale products instead of drop-shipping which is a much preferred method for small businesses. What are drop-shippers? What good can they do to your business?

As its name suggests, drop-shipper ships the products to your customers and even does the inventories. With drop-shipping, you don’t have to buy the products not until you’ve sold it in your website. This way, you can list items on eBay that you still do not own but you can definitely have once the purchase has been done. You do not even have to take the hassle of shipment because the drop-shipper will shoulder all of those. If the product won’t sell then you won’t waste too much money and effort, aside from the listing fee that you have to pay.

Sounds great, right? However, finding Chinese suppliers that caters drop-shipping is not easy as you think it is. One way to get a reputable China suppliers offering drop-shipping is through personally asking a power seller in eBay regarding their source of product. Thought the chances of getting info from them is very low, asking still won’t hurt. Other option is to look for an online forum tackling about selling on eBay. People here will surely provide you with information here and there. Most participants of these forums use drop-shipping method on their eBay business and has a list of China suppliers offering this type of method. If you are lucky enough, you will also know some hints on which companies to avoid to. You can also ask for the range of price for their products if you are in a tight budget.

Top China suppliers do not always offer drop-shipping method. Some find it more hassle and less convenient on their side. Nonetheless, if you find one, it will be totally brilliant and you can secure a good source of income in the long run.

Joining trade shows will also help you in finding a reputable and trusted China suppliers offering the drop-shipping method. The good thing about trade shows is that, you can talk to China suppliers face-to-face. You can ask as many questions as you like and ask if they cater drop-shipping. Also, you will have a lot of options when you join trade shows. You can pick the kind of product that you like and if you’re lucky, they will offer you freebies, discounts and great deals from trusted China suppliers. You can also find top China suppliers in trade shows.

China Trade Fair As The Main Ingredient Towards A Successful Business

One must be competitive enough to last in the ever competitive business world. You need to outsmart your competitors so you can beat them, by hook or by crook. In order for your business to remain on top despite the stiff competition, you must be able to find the best China suppliers that can deliver quality products with substantial savings. For business who wants to stay competitive as much as possible, choosing the China suppliers serve as a good start. China suppliers wholesale do not just only deliver affordable items, but are also capable of streamlining inefficiencies. If you are looking for China suppliers, you can attend China trade fair or follow these important tips.

Reputable China Suppliers

It is easy to find Chinese suppliers wholesale because of its vast number these days. What’s hard is finding a reputable china suppliers that will meet your needs, expectation and business goals. In the past, searching for the right suppliers takes weeks or even months. Today, thanks to the latest technologies that we have, searching through thousands of businesses only takes a few minutes. Once you have a list of potential suppliers, you can check their reputation online because their previous clients will surely leave something worth a read. By doing so, you can ensure that the supplier you will choose will potentially deliver your products on time and will surely meet your requirements. China Homelife is a good sourcing company to start with. It showcases a variety of manufacturers to choose from through their China trade fair. Remember that having lots of options when it comes to purchasing lets you see a whole lot of things in one place. After being able to know some China suppliers, it will be a lot better to see them face-to-face so you can personally talk to them about your business prospective and expectation. On the other hand, manufacturers could also offer great deals and discounts for you.

Reputable Business Sourcing

Looking for suppliers through China trade fair is a very good way to start with. Sourcing from the right place will take less time compared to just randomly searching online or through referrals. There are China trade fair like those from China Homelife that showcases more than 1,000 reputable companies in one trade show. They can also help assist your business so you can easily reach and obtain your business goals either now or in the future. Some of the many ways that sourcing companies can help your business is through the help of their resources so you have a deal with China suppliers hassle-free. Language differences won’t be a hindrance since translators will also be widely available to provide better communication between you and your prospective clients.

When attending China trade fair, it is always better to equip yourself with the right knowledge regarding the needs of your company as well as the things that will benefit it during the long run. China trade fair will be very helpful to your business. Never hesitate to attend and personally know suppliers for your business venture.