Importing from a foreign country might can be a hard task. The right information on the import procedures is necessary before the process starts.
Choose a product you can import in large quantities
Importing products in large quantities helps in cutting cost. Shipping products one at a time from China greatly increase your operating cost. The more you products you transport in a single shipment, the more you cut cost and the more profits you make.
Find a product you can sell at a high cost
Sometimes importers get products which sell in large quantities but small prices per item. At the end of the day, you will sell much, but you make small profits which cannot meet the operating cost and give you enough returns. It is advisable to get products which can sell at high prices, such that even if you sell small quantities you will earn good returns.
Get a product you are passionate about
The possibility of success is when you sell products you are passionate about. Passion helps you sell the products without necessary having to have great selling and marketing skills. If you import a product you don’t like and do not care about, then it will be difficult to convince others into buying the product. Passion will help you stay motivated in your business, give you something that makes you stand out from your competitors and makes you look more informed and attractive to potential buyers.
Understand what you need
You need to understand what type of products you need and the kind of suppliers available in China. Categorize well the type of suppliers available and from that choose exactly what you feel will work best for you. For example, if you wish to import products in a narrow range, a manufacturer will be the best for you.
Get a Chinese local business to help
Locals always have some information about suppliers. They have the skill to examine the supplier more effectively than a foreigner can do. With a local guide in choosing a supplier, things will get easy. You will likely get a good supplier than what you could have all by yourself and help of the internet.
Negotiate to get the best price
To get the best price, contact at least ten suppliers who deal with the product you want to import. Each will quote a different price of the product, with other mentioning the same price. From the information you get, you will be able to have an idea of what the real price of the product should be.