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Factors to Consider before Importing from China
It is common knowledge now that many businesses business are now preferring to do business in China. The low cost of production and low prices of manufactured products have enticed more and more manufacturers and wholesalers to order from China. The shift in preference, chiefly from the US to China, can be attributed to the comparatively high cost of hiring workforce in the US.
There are a few do’s and don’ts that are worth keeping in mind as you venture into doing business in China to avoid suffering from any negative eventualities. Below are a number of tips to guide those who want to be engaged in the importation business from China.
First of all be clear on the reason why you are choosing to get your supplies from China and not from anywhere else. The choice to make a breakthrough into the Chinese manufacturing sector is met with little restrictions. Due to the comparatively cheap cost of living in China, the cost of labor is significantly lower as compared to other western countries. This has been a compelling reason to many to start their investments here.
Another aspect to look out for is the factory reputation. Depending on the products you are dealing with, ensure that you engage the most reputable producer. Finding out the reputation of factories has been simplified by the services of Alibaba marketplace where companies list their products and services.
From your list of preferred manufacturers, make sure that they provide you with samples of what they do. Going through the samples will allow you to determine whether the product quality matches your preference, so as not to make a mistake with your actual orders.
Another factor to be keen on is the specific rules and regulations that govern the movement of various products. This is important as there is a likelihood of variations between what your country provides for in their product laws and what prevails in China. Make sure that you take a keen note of oversight and regulations that govern the movement of various categories of products.
As you make the formal agreement for the business, make sure that it is done in the form of a written contract. In the contract look out for clarity and sincerity in the declaration of obligations of each of the concerned parties.
After all is done and orders made, make sure that you make the right decision in how you will ferry your goods home from the vast range of freight options. You can choose to use air, sea or express means of transportation depend on your preference.
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