How To Import From China

You may be able to find a new business opportunity or profitgrowth by directly importing products from China. It can be complicated, but itcan pay off in both immediate profit and long-term success. The process isbecoming easier and easier thanks to the trend of globalization and advances ininternational trade technology.

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1)      Find the products you're interested in. There are many sources to find your products. Theinternet is the easiest one to start with. There are many web listing services,where, you can register your username, post the products of your interest, andyou will receive tons of products supply information and perhaps a price list.For More details, can visit our website: CG Marketing Solutions

2)      Establish a relationship with potential suppliers. Select a few potential suppliers tocommunicate with. When contacting suppliers, provide information about yourcompany. The good suppliers already have more business than they can handle -you want to market yourself so that they want to do business with you. Whenqualifying suppliers, you can ask them how long they've been in business, whichtrade shows they attend, how long they've been attending these trade shows andwhich companies they manufacture for. Check and confirm everything that youcan.For More details, can visit our website: CG Marketing Solutions

3)      Narrow down to the supplier that you really want to work with. Discuss the price and traderelationship. Obtain product samples and review them (and their packaging,instructions, and any other collateral) for quality - you may have to pay anominal fee. Discuss shipping and payment terms. Gather all necessary informationto prepare for placing a trial order. When placing the purchase order, includeas many details as you can think of.For More details, can visit our website: CG Marketing Solutions

4)      Understand trade terms and use them. Before placing any order, you need to understand andconfirm with your suppliers about shipment terms. Most popular are"fob" and "cif", as well as payment terms. These areclosely related to your landing cost calculation and risk assessment. You canconsult an import management company and a freight forwarder for detailbreak-down on the costs and risks. You can also use an import managementcompany to negotiate the trade terms.For More details, can visit our website: CG Marketing Solutions

5)      Understand payment terms. Somewhat common is to pay 30% at time of order, and theremaining 70% when the product ships. The down payment gives themanufacturer/supplier funds necessary to begin production. These terms arenegotiable.For More details, can visit our website: CG Marketing Solutions

6)      As the Importer of record, you (not the supplier) are legally responsible for makingsure that goods brought into the country meet all national regulatoryrequirements. Goods that don't meet requirements can be stopped at the borderor can result in future legal suits. Don't just take a supplier's word thatrequirements are being met. Do your homework on compliance issues and make sureyou know requirements are being met. You need to understand the relevant importcompliance regulations beforehand. Besides US Customs and Border Protection,other government authorities like USDA, FDA, DOT, and ATF also regulate theimportation. Pay particular attention when you import textile products fromchina. Go to the websites of these agencies to understand, register or downloadthe forms. Compliance issues can be very complicated for some products. It ishighly recommended to consult a good customs house broker before placing anyorder.For More details, can visit our website: CG Marketing Solutions

7)      Select a forwarder and customs house broker. Go to your local internationaltrade organization/association and customs office to find the list. Visit them,and select the one you like. For the first time importer, use moreindividualized services, because you need more attention than you would expect.You may ask your local customs bureau for help on assessing custom dutiesamount for your products, or use online services such as Asia Calculator.For More details, can visit our website: CG Marketing Solutions

8)      Place a trial order with a written purchase order if everything goeswell. In the purchaseorder, besides typing out a detailed description of the products, productrequirements, packaging requirements, etc., and trade terms, list all neededshipping documents.For More details, can visit our website: CG Marketing Solutions

9)      Appoint an inspection company to check your goods on site in the factory,and give you a detailed report. It is very helpful to provide the inspection company detailsabout what to check. Without such details, the inspection company may thinkproducts are okay even though you won't. You may also consider havinginspections done of components that are going into assembly early in theprocess. This can help avoid last minute quality problems. This is usually donea few days before the expected shipment, so you can address any issues thatwould be raised. This will allow you to avoid receiving defective ornon-conforming goods.

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10)  Track the transportation and customs clearance. Your forwarder and customs brokershould take care of your transportation and customs clearance. However, youalso need to track the process and assistance, such as providing additionalproducts information and endorsing bill of landing. You need to issue a powerof attorney to your broker and purchase customs bond for your importation.For More details, can visit our website: CG Marketing Solutions

11)  Receive the products and keep the records. Now you can go to your next step tosell your products and make profit.

12)  Do not order counterfeit or branded products, unless the supplier can prove theyare an authorized reseller. You can contact the brand owner to confirm thesupplier is an authorized reseller. For More details, can visit our website: CG Marketing Solutions