Like any unknown area that you move into in your life, when you are first dealing with China, it can appear quite daunting. Just as you use an accountant to do your tax, a bookkeeper to do your books, and a lawyer to do law-related business, you can also use...
Before importing from China, it is crucial that you do your homework and prepare detailed specifications for your supplier. Quality products start with your specifications. The more specifications you provide a potential supplier, the greater the chance you'll receive an accurate: 1. Quote 2. Product produced to your standard Do not assume the supplier knows...
There are many variables involved, so use the following as a guide: Cost of goods - variable. After you have at least six quotes from suppliers, you'll have an idea of a fair market price to pay. Import assistance company - $ variable depending on level of service. Freight - $ variable, depending on volume, port...
The import process time frame is variable and the following is a guideline for a proven process to ensure the right product is delivered on time and at the agreed price. Stage Actions Deliverables Time 1. Research & Tender Research, locate and qualify suitable suppliers for the product Prepare Requests For Quote Contact suppliers Obtain quotes and evaluate offers Shortlist...
If you can give your supplier a sample or prototype of your desired item, it will greatly increase the chances of receiving what you want. Just give a sample to your shortlisted top 1 to 3 suppliers, not to everyone you request a quote from. Getting a prototype made can require a...
Many of us have enjoyed bartering for goods at markets in Asian countries. Here the vendor starts high, you negotiate them down, and it can be a lot of fun. Did you know that in business to business dealings in China, the opposite usually occurs? Suppliers will generally quote low initially to...
