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7 Secret Questions About Importing Goods from China

By Walter Scheu, published Apr 19, 2007
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Q. How much does it cost to start, Importing from China? A. That question can only determined by you. Our thinking was we came up with an amount of money; we could live without if we lost it. I was also instructed by my bride that if this did not work, and/or we could not resell the items I would get a part-time job, to replace the money.

Q. What is the general quality of the items shipped, when Importing from China? A. Items are generally in "NEW" condition unless otherwise stated (for example, if you are buying refurbished good). They should come to you in new in the box condition. If there are damaged goods you need to talk to your customs broker to see what your options are.

Q. Is there anyway to reduce shipping costs, of Goods when Importing From China? A. Yes, you can seek out the lowest cost for getting your goods to where you want them. Check with the customs broker, and they an often find the lowest shipping rate. Also, your sellers usually have agreements with freight forwarders, and can get a cheap rate due to the volume of goods they ship.

Q. What is the average profit margin? A. This can be determined after you have defined the gross cost per item, and the estimated gross sale price. Do not forget to calculate the fees involved in the selling of your goods (for example, eBay and Paypal fees) Q. Must I convert my money to the currency of the other country, or China, when I import from China? A. No the bank which handles the money for the sellers firm will do whatever needs to be done on their end. The dollar is still accepted all over the world.

Q. How Do I avoid problems with customs, when I import from China? A. Customs brokers are authorized to work for importers, by and through the U.S. Customs. They will make sure you do not have any problems with customs. In the highly unlikely event there is a problem they will help you fix it or they will fix it for you. Q. Can you use a site like .alibaba.com, google, yahoo, etc, when Importing from China? A. Yes this is a very good search and contact sites, plus they have alot of firms from China, and countries you can import from.

Takeaways
  • Some information the big companies do not want you to know.
  • Can I import from China or other countries?
  • You will be surprised at what you can import
Did You Know?
Virtually anyone can Import from China and/or any country, into another country.
Comments
Comments 1 - 2 of 2
 
 
Good post, to take your readers a step further, you might check out Smart China Sourcing (www.smartchinasourcing.com). The site has up-to-date import information from experienced China experts. Topics include supplier selection, logistics, quality control, intellectual property protection and traveling in China

Posted on 03/24/2008 at 9:03:11 PM

 
Good post, to take your readers a step further, you might check out Smart China Sourcing. The site has up-to-date import information from experienced China experts. Topics include supplier selection, logistics, quality control, intellectual property protection and traveling in China

Posted on 03/24/2008 at 9:03:33 PM

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