Nowadays you locate products produced in China everywhere. Importing from China brings both excitement and fear to numerous buyers. There is a chance of big earnings from a successful import business of selling products imported from China. Yet, there is the problem of transacting with all the Chinese who have a totally different business culture.
At one time when Chinese businessmen only accepted Western-Union transfers and wire transfer payments or bank transfers that had been not secure. However, together with the recent expansion of chinese people businesses within the china sourcing agent, many internationally acceptable payment choices are now available. When the supplier requests for visa or mastercard payment, it will be better to channel it through alternative party processors like PayPal. Sensitive credit information is definitely not divulged for the sellers as well as the buyers can order payment being withheld if you can find difficulties with the delivery or transaction. When the agreement is made for bank transfer, the safest would be to transfer to your company bank account instead of a personal banking account.
There are other international payment options including letter of credit (L/C) drawn at sight which is the most widely used, time L/C or bills of exchange. Each payment option includes its own advantages and risks. What is important is the fact that always have a documented record of all the payment transactions in case you should file a dispute case.
Get started by being familiar with china import export business so that you understand the intricacies from the trade. If needed, undergo an import export business exercise program or get a reputable import expert coach to train you. Prevent businessmen from cheating you in the beginning by trying to find a reliable manufacturer or supplier. Use payment methods which can be reliable and will protect you against fraud. Much better, obtain a reliable import export agent will certainly be a big help in negotiations.
Chinese manufacturers and suppliers have staffed themselves with English speaking sales representatives who can communicate efficiently. They are more visible online and have communication tools including messaging and chat using Skype, Yahoo Messenger, GTalk along with other tools where initial talks can be made and requests for photos, information and quotations can be accomplished. When communication may well be a issue with companies who do not have English speaking staff or interpreters, getting an import export agent would prove useful. He will make sure that complex issues will probably be understood and requests or commitments are clearly communicated both ways.
We have seen several reports of recalls for products that are produced in China, which brings towards the forefront of people’s minds that there is absolutely no guarantee of quality when you import products from China. Some big names in China’s import export business claim that the manufacturers are certainly not wholly to blame as they just keep to the specifications given to them from the customers. To ensure China importations are safe, importers should figure out the protection compliance standards of your yiwwu market and communicate these exact specifications on the manufacturer. Additionally it is best to have a sample order first so the caliber of the product’s quality and safety is seen firsthand.
If doubtful, the next best move to make is always to get the assistance of china sourcing agent which will carry out the be right for you and help you in your organization transactions. Keeping all these things in mind would help you ride the bandwagon on importing cheap products from China and build up a profitable import business.