The most important advantage for any individual organizing to import from China is that pricing is extremely competitive and you are most likely to attain far higher profit margins than would be the case if you had been dealing with a UK supplier. On the other hand, negotiating costs with any potential suppliers is not something you will have to undertake your self, as any import or export agent worth their salt will take care of this for you. If you want to import from China but are new to the organization of direct importing, it is generally advisable to start out cautiously with a restricted range of goods, as order quantities are typically higher than these from suppliers primarily based in the United Kingdom. In reality, some Chinese companies will not look at shipping quantities smaller sized than a container load. Even so, the majority of Far Eastern operations will ship out lesser quantities and this suggests that your order will be consolidated with other orders for the very same location.
Air freight services from China is critical to keep in mind that if you intend to import from China, the logistics can be somewhat complex, specially when compared to undertaking business with a UK primarily based supplier. A single factor to bear in mind is the lead time – not only the time taken involving ordering and despatch, but also the time taken amongst despatch of the order and its arrival in the UK. Lead time is affected by quantity, particularly when dealing straight with a manufacturer, rather than by way of an export agent. This is mainly because producers make to order in other words, they do not carry stocks of completed goods. They also operate on the premise of “1st come, initial served”, as they will have an order book and earlier orders will have to be finished prior to they can start operate on fulfilling your order. If you plan to import from China for Christmas or some other seasonal event, it is essential to enable as considerably time as attainable for production. Visualize the disaster of receiving your order for ten thousand artificial Christmas trees in mid-January!
Importing from China and the Far East can be a very profitable company, as extended as you do your analysis and use a trustworthy import/export agent. Importing “blind” more than the World-wide-web can be asking for difficulty, in particular if a cash advance is named for. Also watch out for hijacked e-mail accounts, working with absolutely free e-mail addresses. Payment by letter of credit is normal when it comes to importing from China and so money demanded in advance (unless this is in payment of samples) should really automatically set alarm bells ringing. A letter of credit is not great for instance, an exporter could fill up boxes with paper and you could possibly not realise the goods are not there till right after your bank has honoured the letter of credit. Nevertheless, most scammers do not go to such lengths to hoodwink suppliers in this way, as the paper trail left by this approach could be traced by the authorities. Trade fairs or private recommendations are generally the safest way to establish contacts and validate the credentials of a supplier.