Sourcing Services- Find Best Suppliers With Ease

The demand of importing products from China is increasing rapidly due to the availability of good quality products at low prices. There are many people who want to start their business and for this, they are wondering for the best sellers. You may also know that the market is becoming competitive day by day and it is really very difficult to survive in this market. People are going to adopt new techniques and strategies for surviving in the market. Most of the businessmen prefer to import the products from China to start their business and also to sell them in the local market.  As we know that finding the best sellers in China is not a daunting task for the buyers for importing goods. Most of the times they deal with companies which are not trustworthy and for this, they are facing many problems. If you want to import goods from India with the best quality then you should go for an outsourcing company.  Businessmen can also visit the websites of sourcing companies for getting the satisfied services regarding the importing goods from China.

Common problems while importing goods

When you are going to import good from China then you may have to face different problems which are really frustrating. If you are a small businessman then you should import goods because by doing this, you can earn huge amount of profit. it is a known fact that the products are available at low prices and then you can easily earn them on a high margin of profit. In this way, you can earn maximum profit for your business and also compete in the market. The important fact is that when you are going to deal directly with a seller then you may face problems regarding the communication and security. When you are dealing with direct sellers then there is a high risk and you may also struggle with the bad quality of products. You should ignore to communicate with direct sellers and always try to contact an outsourcing company so that you will get safe and risk-free services.

Information of manufacturers available

When you are going for an outsourcing company to import the goods from China then you also get much more advantages in the comfort of your home. As we all know that there are many outsourcing companies available and you need to find a reliable company to get best services. Most of the time people choose the company randomly which is really troublesome and you will not get the desired services. With the help of an outsourcing company, you can easily check the information about the various manufacturers and also about their vital information. With the help of this, you can easily know about the various manufacturers and also about the product listing with ease. You should go for https://sourcingbro.com/  to check out the valuable information about best suppliers and also for getting the best sourcing services. Such company also helps you in fulfilling all the requirements regarding the imports and exports of goods.

How To Negotiate With Chinese Suppliers?

Price Negotiation is the important thing and every importer keeps this in their mind while going to import good from suppliers. Everyone knows that the suppliers add their profit margin in the cost of goods to earn maximum profit. If the buyer import goods from such suppliers at very high prices then how can they earn the profit on selling of such goods? Well, in this situation they need to find the suppliers that provide the goods at affordable prices and they can also negotiate prices with them. There are many people who also don’t know about the fact that how to negotiate with Chinese suppliers? If you are one of them then you should need to know about this because this is one of the important things which you required to grab the best deal. In this further article, you will get some valuable information about the various facts regarding price negotiation.

Key facts about price negotiations

Everyone knows that importing goods from Chinese suppliers is cheap rather than buying goods from your local manufacturers. This fact also shows that those suppliers don’t add their high-profit margin in the cost which is a good thing for importers. If you pressurize them to reduce their cost then this may also result in low-quality products. All suppliers are not same and maybe your supplier tells you to go somewhere else to find better deals. Most of the time the suppliers also reduce their target price to avail your products according to your budget and in this case they also reduce the quality of the products. You should need to know about some basics of negotiating the prices with the suppliers. You shouldn’t compromise on the quality of the products because this may also fall you in a troublesome situation and also reduce the satisfaction of your regular customers.

Need to know about the cost of raw materials

There are some new people who engaged in such type of activities and they also have no any knowledge about the basic of dealing with suppliers. In this situation, it becomes difficult for them to do price negotiations because they have lack of knowledge about everything. An importer which is going to negotiate the price with the suppliers then they should have some idea about the raw material and other components which are required for manufacturing of their products. In this way, they can also tell them about such specific prices and all and tell them to reduce the cost. If they don’t know about anything then it is hard for them to negotiate prices without any base or proof.  One of the burning questions is how to negotiate with Chinese suppliers? Well, there are most of the importers who are engaged in such activities from many years and also know very well about the ways and techniques to negotiate prices with suppliers.

Negotiate prices on right time

If you are importing goods from China for the first time then you need to know about a lot of vital facts. The most important thing is to know about the timing to negotiate price and to check the quality. Most of the new importers do price negotiation on wrong time by which they can’t get any results. They need to know about the right timing so that they can negotiate price and also get the better results. You shouldn’t try this after committing anything to the suppliers because they know that it takes too much time to find any new supplier or check the samples and all. Always try to do such kind of things before going to commit anything to your suppliers or to check the samples and all that already takes 6 or more months. There are many online guides are also available by which you will know about the basics that how to negotiate with Chinese suppliers.

Take assistance from online resources

If you are new in this industry then you need to take assistance of the online resources in order to clear your all doubts. Most of the time people did anything which is not good for their business and deals with suppliers. There are many different online guides and tutorials available by which you can easily know about the right time to negotiate the prices and many other facts regarding the manufacturing of products. There is also an option to hire the product sourcing companies and with the help of this, you don’t need to worry about how to negotiate with Chinese suppliers. Such companies will deal with such suppliers on the behalf of importers.

What Is Alibaba Wholesale

Everyone knows that Alibaba is a B2B platform which offers you to purchase everything you want to do and that’s why there are lots of manufacturers available. You can contact with any of them and start your business but do you know that there are lots of things you can’t directly with Alibaba. The first thing is that you aren’t able to buy the amount you want to purchase like there is a minimum order quantity.

If you aren’t purchasing this much product then you can’t make a deal but there are some methods you can try to reduce MOQ. Well, these things apart, you are able to get products in low amount and this is from another version of Alibaba called as Alibaba wholesale. You can purchase anything in wholesale price, this is the little bit expensive than direct deal but you are getting what you need. There is no need to worry about the shipment and other issues. The product will be shipped in few days.

How To Pay On Alibaba wholesale?

Basically, Alibaba wholesale offers you to purchase your needs with the help of three payment methods. Most of the methods are secured by Alibaba and if you don’t get the product according to your need then it guaranty you that your money will be returned. Well, there is nothing safer than this and small size enterprises are getting the benefits of this platform. There is also an application available for IOS and Android to browse through. Still now, there is a minimum order quantity option so you must have to buy the products in this amount. Make sure that you pay on the website which has https written in the URL bar and a lock icon must be with it.

This is the only method to get assured about a website. There are few more websites which look like this and when you pay, they fraud with you. Precaution is recommended while browsing on B2B platforms. Alibaba wholesale is the more compatible platform and most of the small companies are running due to this platform. Safety is the main issue with most of the platforms but Alibaba’s wholesale version offers you safe method with escrow.

How Does It Work?

This is not like other platforms which require lots of things to fulfill which means everyone can shop on Alibaba wholesale. While searching for the right manufacturer, you should check out the product reviews. If everything is fine, click on buy and choose the minimum amount. You need to create an account before getting started. Now, fill everything properly and pay for the product. This will tell you a time in shipment. The product will be shipped 30 to 50 days and all the work will be done by Alibaba so you don’t have to worry about a single thing. You get low MOQ, fast transaction and full payment protection benefits with Alibaba that’s why there is nothing to worry about.

You must be amazed to know that most of the product sold on Amazon, eBay and Wal-Mart are goods imported from China.  There is no other country which is doing this much large production of every human need. This thing let you glean the idea that there are 6,000 suppliers for Wal-Mart and 5,000 are from China which means that China is leading power in imports due to its affordable and cheap price. On the other hand, the large production made this possible to export goods all over the world. Perhaps, there might be any country that doesn’t use China’s import. Well, importing from China is a good idea to earn money and start a business. Some people may be thinking that is there any benefit even there are many indulged in this business? If you consider the demand compared to supply then you can know that Chinese products import is still a good business decision.

Things To Know

In order to start an import and export business, you should know many things. Basically, the product which is in demand and where to sell it is the first thing you need to know. Starting from the apex, choose the products which are available in reasonable price in importing from China trade and the demand of the product is enough to sell it easily. On the other hand, you can try to sell the product which is hard to locate in the market and if you sell the product which no one else has can alleviate the market competition issue. Now, you are able to sell the product at the price which earns you good profit. Some manufacturer claims to have brand products at the low price like clothes or electronics but these are certainly fake and if you try to sell these products then you can get behind bars. Selling fake products with a good brand name is illegal and such thing decreases the reputation in the market. Always think twice before contacting to duplicate branded products suppliers to stay away from legit issues.

Getting Started

If you have never done a trade business then there are a lot to learn but not with import business. What product you sell first is the important thing and this thing vary everywhere. Maybe your mind will run in circles while thinking about this business but you need to make a decision so that you can proceed. Importing from China and selling it at the reasonable price to earn is a strategic business. Selling the products online is the good option until you don’t make it complex by thinking excessively. Let’s get started with deciding a budget considering the market risk. No one wants to lose money but this is business and you can face financial loses that’s why start with the small amount like 1000$. Now, do a little research to know the right product to sell. You are starting a small scale business so the product must be cheap than have a good demand. Importing from China will be much better than getting it from local suppliers.

Choosing Suppliers and Selling Products

There are many suppliers in the city but which one is right can take good research and time. No one wants to get indulged in scams this is why don’t deal with the supplier who is providing you the product is too low price compared to others. If you are done with choosing the suppliers and importing from China, consider checking all of them and testing a sample. This is the only way to get ensured about a supplier and now it’s time to connect with e-commerce websites. As you start selling then tries to keep your price reasonable and try to earn less. Most of the good business start from less profit but such paths leads to success.

Grow Your Business by increase in Importing From China

As you have tried selling a small amount and get the success, even the profit is low; it’s time to scale up by investing little more. Increase in a number of products importing from China and try to add few more products to your list. Everyone has own strategy but most people start from selling purse, belts, toys and other fancy things which attract the most. Don’t sell counterfeits because you will lose everything soon. The profit may be good but you will get in trouble soon that’s why going slow and legit is the best way to grow your business.

Things To Avoid

While importing from China and selling the products, you will get to know about the thing that there are many products which have way more selling price than the product costing you including the import. Such products may be good in earning profit but an example will help you know the drawback of cheap products. Imagine that you have sold 5 units of a product but one of them returned by the customer for damaged or defectiveness then all profit recovered the damaged product costing.  Always avoid the heavy and oversize products which are costly and if you don’t want to run cashless or face bankrupt issues then scale up slowly. Always retain some cash so that you can do marketing otherwise you will end up stocking up which isn’t sold for months. On the other hand, you should stay away from commoditized markets because there is lot more risk than anything else.

Improving Relations

There are many websites which offer you importing from China and you can check out the profit you will earn. Keep on connecting with a supplier will improve your business relations and the price of a product import will decrease with improvement in relation. Soon, you will be importing from China in fewer prices and earn but choosing the right product is the main thing. Always choose the product which has demand instead of buying the product which is cheap to import and resale price is more. Such products are wastage of money because these products can’t be sold for a long time. Heavy products which take higher shipping from your warehouse to customers is the little bit risky because if the customer returns your product then it can be unexpected money lose.

During the first 6 months of 2016, the fastest-growing product category for Canadian imports from China was television reception equipment. These hi-tech imports were up 456.7% from the same period last year.

Internet Television Modem Boxes

Included in television reception equipment are set-top boxes with modems that connect to the Internet. This technology enables consumers to use their televisions to communicate via the Web. Ironically, imports of these microprocessor-based Internet boxes (tariff item code 8528.71.20) are duty-free, so the Canadian government is missing out on tariff revenues on a top import product from China.

Internet TV and Phone Technology

Printed circuit assemblies provided another opportunity for China to solidify its position as one of Canada’s leading technology suppliers. Canadian imports of printed circuit assemblies are up so far this year by 208% over 2015.

Printed circuit assemblies are key telecommunication components that provide the backbone for cellular communication devices and wireless communication networks. These networks include Internet TV and phone systems. Under tariff classification code 8517.70.00, these technological devices from China are not subject to custom duty.

Oil and Gas Drill Piping

China also sold US$125.5 million worth of non-stainless steel drill piping to Canada’s oil and gas companies in the first half of this year, a robust gain of 370% over last year. Canada also receives no tariff duties for oil or gas drill pipe, including non-stainless steel piping under tariff code 7304.29.00.

Despite these improvements, overall Canadian imports from China for 2016 were down 14.2% to $15.66 billion from the $18.25 billion consumed from January to June in 2015.

Fastest Growing Canadian Imports from China in First Half of 2016

From the 25 most popular Chinese imports, the only 6 products that Canada imported from China with percentage increases from comparable sales during the first 6 months of 2015 are listed. The list is in order of items with the highest percentage gains in import sales.

In addition to the value of Canadian imports from China and the 6-digit tariff classification code within brackets, the following summary presents the percentage change for each product compared with consumption for the same 6-month period in 2015.

  1. Television Reception Equipment (tariff item 852871) … $140 million (up 456.7%)
  2. Non-Stainless Steel Oil or Gas Drill Pipe (730429) … $125.5 million (up 370.5%)
  3. Wireless Network Printed Circuit Assemblies (851770) … $205.6 million (up 208%)
  4. Knitted Cotton Sweaters, Sweatshirts and Coats (611020) … $138.6 million (up 9.5%)
  5. Rubber or Plastic Footwear (640299) … $135.3 million (up 5.8%)
  6. Taps, Valves and Similar Appliances (848180) … $92.5 million (up 1.1%)

Under the Most Favored Nation tariff treatment, only 3 of the above imported products from China are subject to tariff duty.

Knitted cotton sweaters, sweatshirts and coats are subject to a hefty 18% tariff when imported from China. Similarly, Chinese rubber or plastic footwear is assessed a 17.5% duty by Canadian Customs officials. Television reception equipment from China have custom duties ranging from 0% to 5% depending on a tariff item’s sub-classification. As noted above, Internet TV modem boxes are duty-free.

Top 25 Imports from China into Canada in First Half of 2016

The effects of the global recession are evident in the decreased imports of consumer items including computers, video games, cell phones and digital cameras from China.

  1. Computers, Laptops, Notebooks (tariff item 847130) … US$869.6 million (down 3.4% from 2015)
  2. Toys including Dolls and Puzzles (950300) … $291.5 million (down 23.1%)
  3. Video Games (950410) … $285.7 million (down 30.9%)
  4. Switches and Routers for Voice, Images or Data (851762) … $234.3 million (down 2.4%)
  5. Cellular Phones and Other Wireless Phones (851712) … $224.5 million (down 4.8%)
  6. Wireless Network Printed Circuit Assemblies (851770) … $205.6 million (up 208%)
  7. Leather Footwear (640399) … $183.9 million (down 4.5%)
  8. Computer Monitors (852851) … $177.7 million (down 49.1%)
  9. Other Computer Parts And Accessories (847330) … $164.2 million (down 30.9%)
  10. Metal Furniture Not For Office Use (940320) … $149.2 million (down 10.8%)
  11. Female Cotton Trousers, Overalls and Shorts (620462) … $148 million (down 11.2%)
  12. Golf Bags, Tool Bags, Other Plastic or Textile Containers (420292) … $144.2 million (down 1.3%)
  13. Television, Digital and Video Recorder Cameras (852580) … $144 million (down 25.6%)
  14. Television Reception Equipment (852871) … $140 million (up 456.7%)
  15. Knitted Cotton Sweaters, Sweatshirts and Waist-Coats (611020) … $138.6 million (up 9.5%)
  16. Rubber or Plastic Footwear (640299) … $135.3 million (up 5.8%)
  17. Sound Recording Equipment (851981) … $130.3 million (down 23.1%)
  18. Non-Electric Iron or Steel Cooking Appliances (732111) … $129.1 million (down 8.7%)
  19. Non-Stainless Steel Oil or Gas Drill Pipe (730429) … $125.5 million (up 370.5%)
  20. Plastic Articles (392690) … $124,116 million (down 3.1%)
  21. Upholstered Seats with Wooden Frames (940161) … $120.9 million (down 34.5%)
  22. Wooden Furniture for Other Use (940360) … $118.8 million (down 20.2%)
  23. Electric Static Converters (850440) … $106.7 million (down 13.4%)
  24. Non-Portable Computers (847141) … $100.8 million (down 17.4%)
  25. Taps, Valves and Similar Appliances (848180) … $92.5 million (up 1.1%)

Like Internet TV and Web phone equipment, consumer technology products such as computers, video games, cell phones and digital cameras imported from China into Canada are tariff-free.