If you want to make your business competitive in you own marketplace, one of the ways to gain the upper hand, grow your business in the long run and maximize profit is by buying products in China. When your business buys products in China you are not only streamlining your costs for many products and services, but helping yourselves to complete in the global marketplace. Nowadays, there are many suppliers who are ready to help you to buy China products online. However, before starting your business, you need to consider some important steps which make your business successful.
Finding a Reliable Supplier:
Many importers find a nice sample at a trade show, get a good quotation from the company believed to have manufactured the sample and then think their supplier has ended. So this is a very risky procedure to choose your supplier in this way. In this case, online directories or trade shows are only starting points. Suppliers pay to be listed or to exhibit and they are not rigorously screened.
If your order is small this is usually best to avoid very large manufactures as the reason they will probably quote high prices and not care about your orders. In this case, you may face different problems. However, similar factories usually need closer monitoring, especially on the first production run. Your contract with your supplier should prohibit subcontracting.
Clearly Define Your Expected Product:
Some buyers approve a pre production sample and a pro forma invoice and then wire the deposit. This is not enough. What about your own country’s safety standards? What about your product’s labeling? So these are the some things on which you and your supplier should reach written agreement before your money changes the hands.
At the same time, if you are developing a new product with a Chinese manufacturer, you should be sure to document the resulting product’s features and product process as you cannot count on your supplier to give you this information when buying wholesale Items from China.
Negotiate Reasonable Payment Terms:
Generally the most common and general payment method is bank transfer. The standard terms are a 30% deposit before the products are purchased with the remaining 70% to be paid after the supplier faxes the bill of lading to the importer. However, it can get a bit more complex if a mold or special tooling is necessary during development. Nowadays, there are some vendors who will insist you some more favorable terms are usually seeking to trap you. So don’t go with their favorable terms.
Control Your Product Quality:
You need to check and control your product quality. Controlling product quality is a great matter. You need to be rather careful in regarding this issue. If your manufacturer is not authentic, your product quality will go down day be day. The most common type of quality control is a final random inspection of a statistically valid sample.
Furthermore, buying China products online is not an easy task to do. It is matter of your money, time and business. So you need to be more careful when doing plan for the business.