Many people find China wholesale prices very attractive. Your business can benefit from importing products from China. Even with the cost of shipping, prices that are more competitive will improve your profit margins. Learn the laws that apply, locate a reliable supplier or broker, and implement your strategy for wholesale imports from China.
1. Start your search for Chinese wholesaler at the Federation of International Trade Association. Choose China from the Country Profiles drop down box to see links to trusted government and business trade Websites in China. Get timely information about business procedures. See our Resources section for more information.
2. Visit the United States International Trade Commission Website to get the International Trade Codes for the specific products that interest you. Use these codes to get uniform price quotes since they are used globally.
3. Locate current duty rates in the USTC's Harmonized Tariff Schedule. Add these fees to your product price quotes to calculate the true cost.
4. Maximize your research efforts by conducting your first search for wholesale companies in China using FITA’s free trade leads. Limit your focus to no more than three product lines that fit your overall import strategy.
5. Visit the Alibaba marketplace to find additional wholesale companies and links to Chinese trade Websites.
6. Find updated restrictions at Customs and Border Patrol and the International Trade Administration for imported products, cargo security and Internet purchases.
7. Get information from the US-China Business Council about trade fairs and review their "China Briefing Book." USCBC’s members are mainly U. S. firms that are already doing business in China. The information on their website is useful for anyone looking for wholesalers in China.
Choose Potential Vendors
1. Look for China wholesale company that have a fax number and a physical address. Alibaba also has a system of verifying bank information, business structure and other pertinent information for its members. Paid members are more likely to be legitimate than free members.
2. Try to get samples before making a purchase. Quality and size may help you determine your best offers. Some sellers will charge a small fee or shipping costs. It is better to pay this fee than be surprised after you order arrives.
3. Draft your own Request for Quote form in a text file or spreadsheet. Use the ITC codes for the wholesale products that you want. Provide space for price and quantity without shipping.
4. Ask for separate price quotes with shipping to the U.S. port that you intend to use. Depending on the size of the wholesaler, those shipping rates may be better than those available to you.
5. Select a vendor that meets your requirements. Be sure that you understand all the terms of each seller’s price quotes, including the duration of the offer and the number of units in the quoted prices.
Arrange Product Delivery
1. Get all risk insurance from a business insurance broker to protect your products against damage, loss and unforeseen financial problems on either end. If you accept the seller’s insurance, you may have to travel to China in order to collect.
2. Find out if the seller requires financial information to set up a customer account or if payment in full is required with your orders.
3. Consult your bank‘s international department to choose the safest way to send payments to the vendor in China. A letter of credit is a commonly accepted form of payment that provides safeguards for both parties.
4. Invest in customs broker services. Have the company prepare all import documentation. It can also select and verify shipping firms and retrieve your cargo.
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Article Sources: http://www.ehow.com/how_4514355_buy-wholesale-from-china.html
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