Countless times, you’ve heard a lot of people talk about importation business from China and you are like, what the heck about this? The big question is: is China the only country you can buy your goods from? First, there are other countries for international importation; second, China is the largest producer of manufactured goods, and its prices cannot be beaten; therefore, importing from China can be your next profitable business.
If you are in search of a market that enables you to buy at some ridiculous cheap price and resell to reap almost 50 percent of the cost price, then starting an importation business should be in your plans for the remaining quarter of the year.
The Chinese economy is arguably one of the most recognized economies in the world. They have evolved to be the largest producers and manufacturers of different products sold globally.
When importing from China, your business will be more profitable since you can buy similar products at a cheaper price.
However, to thrive in the importation business, discovering hot selling products or niches can make the business more profitable.
In 2020, during the COVID pandemic, while many businesses were grounded, a few were smiling to the bank.
Sadly, I wasn’t among those gathering the fat bucks, but my friend Stacy, whom I describe as the “boss lady”, was…
Stacy is a jack of all and master of all.
She imports goods from China and resells to countries like East Africa, and West Africa.
Your ears are itching, now, as you will like to know the products she imports.
I’m sorry to disappoint you… This is where you have to research to know fast-moving products in your locality.
In all these, what I can pin point is that those who struggle in the importation business are as a result of lack of proper information on where to buy at cheaper price, shipping and marketing.
First things first, getting a reliable supplier is the first step to succeeding in the importation business.
There are several Chinese sites for the importation business. You can use 1688.com, Alibaba, made-in-China.com, and AliExpress. However, before you choose any of these websites, you should compare the costs of products and verify sellers before paying for any product.
In addition, you should check the shipping and delivery times. Moreover, quality control is important to prevent the production of substandard products, which could negatively affect your business.
Strategies like marketing and selling through online stores, social media platforms, or local stores will increase sales.
Last but not least, keeping abreast of market fluctuations and constantly fine-tuning your business processes will ensure that the importation of goods from China remains profitable in the long run.
Success Tips
There are secrets to every business. Learning the curves can make you stay put in the business. The following tips can help you succeed in the China importation business.
Research is very vital when it comes to identifying the right products to import from China. It is about understanding the products that people are searching for.
Tools like Google Trends and market research analysis can be used to look for patterns in demand.
Indices like demand, price, availability and marketing strategy are things to put into consideration.
That being said, you should factor in where to buy your products from. Although there are reliable Chinese sites to import from, however, you should verify every seller.
How to Identify Trustworthy Suppliers From China
Check reviews: Only buy from verified handles. The point is, when a price is ridiculously cheap, there is every possibility it is a scam.
Although the idea is to buy at a cheaper price so you have a big return on investment (ROI), still, you got be careful.
A simple way is to read other users’ reviews. Check the volume of sales to satisfy your curiosity
Verify links: Do not fall victim to online frauds. Only use the site website, when shopping on an online Chinese store.
One of the ways scammers steal people’s data online is through phishing sites. In essence, check the link and don’t open any random link sent to your mailbox as a sponsored ad.
Minimizing risk in the China importation business
No doubt, importing from China is a profitable business; however, there are risks that anyone trying to venture into it must be aware of. This is not to deter the person from starting, but an “eye-opener.
One of the biggest scams in importation from China is paying for something and getting something different. It is a case where what I ordered isn’t what I got…
Can a novice not fall victim? Yes! To prevent this from happening, you should only use reliable sites like the ones discussed above. Verify links and check users’ reviews.
If you are still not convinced, there are registered agents that buyers can use. These agents, popularly called sorters, can inspect and confirm if products are genuine.
In the area of shipping, every country has its own shipping rules and regulations. To choose a shopping company, it is also good to check their credibility before making a purchase.
It is, however, clear that importing from China is a very lucrative business venture for any aspiring entrepreneur. Since there are several manufacturers in the country, importing from China can be your next profitable business.
In addition, to succeed in the importation business, it is good to research hot-selling products. Do your feasibility study to know what products sells fast in your locality
Are you ready to start importing from China today? Watch this video tutorial. Everything is explained there.
