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Business with China

Business with China is a very promising area, despite the fact that many consider it outdated. The dollar has noticeably risen in price, which means that it will not work to buy a batch of popular goods for a penny. Yes, and people have learned to order the things they like via the Internet. In addition, many are afraid of problems with delivery, although now everything is much simpler than 10 years ago, because there are companies that deliver groupage cargo from China.

Experts say that doing business with China has significant advantages. The labor force is incomparably cheaper, production technologies are better, and the cost of goods is lower than in other countries. Therefore, the format of business with China can still be considered promising. Here is a step by step plan for those who are still new to the business.

Step 1. Decide on the format of work
groupage cargo from China
Photo: Pexels
There are 3 common business models with China:

Trade in Chinese-made goods in your own country.
Export to China of goods that are in demand there.
Purchase of equipment in China and organization of production in the territory of your country.
The choice of business format depends on the starting capital and personal preferences. For example, not everyone wants to market goods for export to another country. You will have to look for sales channels, negotiate with the authorities and, possibly, travel to China often.

The production of goods on Chinese equipment is also not very suitable for beginners. The risks of not coping with the task are too great, which often happens with those who are just taking their first steps in business.

Therefore, for start-up entrepreneurs, commodity business with China is optimal.

Step 2: Choose a business model
groupage cargo from China
Photo: Pexels
There are several business models for selling goods from China.

Here are the most popular:

1. Wholesale
In fact, such a model is an intermediary between the manufacturer and the buyer, who needs large volumes of products. This type of business will require negotiation skills – you will need to find a supplier and a company interested in buying in bulk. Negotiate the best conditions for cooperation and organize such moments as delivery from China and transportation to the buyer.

2. Retail
This option is the most common – you need to find a promising item for sale, buy a small batch and sell it. The “buy low, sell high” scheme is classic and understandable to everyone. The biggest problem is finding a hot item. With transportation, there are usually no difficulties if you use the services of delivery of groupage cargo from China.

3. Joint purchases
To purchase goods at the best price, you can team up with others and make a single wholesale order. This method allows you to get more profit and removes some of the shipping costs.

Step 3. Find your niche
groupage cargo from China
Photo: Pexels
This is perhaps the most difficult and responsible step. It is necessary to predict which product will be in demand. Who would have thought that pop-itas would make such a splash, but the idea still shot. But now it is too late to buy this product – it is sold at every turn and will not bring big profits.

Before purchasing a product for sale, you need to analyze your idea in several ways:

demand;
sentence;
the level of their knowledge about the niche as a whole.
Electronics, children’s toys, clothes and accessories, as well as a number of other goods are in stable demand in Russia. You can view the frequency of queries on the Internet using special services from popular search engines (for example, through Wordstat).

Step 4. Find a company to partner with
groupage cargo from China
Photo: Pexels
It can be both manufacturers and intermediaries. You can find them on websites like Alibaba or Taobao. It is not necessary to personally negotiate, you can limit yourself to correspondence. Moreover, you don’t even need to know Chinese or English, you can just use an online translator.

Be sure to check the company you plan to work with. Among the Chinese there are also a lot of scammers. Ideally, if you can personally go to China and visit the production, but not everyone has such an opportunity. Then pay attention to the following points:

Availability of documents and permission to sell goods abroad;
The current status of the company on major Internet sites for entrepreneurs;
A landline phone and fax registered on the site (in China, only officially registered companies can have them);
Availability of reviews on the Internet;
Date of registration of the domain is not less than a year.
And also ask for an invitation to visit the production, even if you are not going anywhere.

Step 5. Make a trial purchase of goods
groupage cargo from China
Photo: Pexels
Do not immediately buy a large batch. Not the fact that sales will go at a brisk pace, and you need to look at the quality of products. Therefore, make a minimum order first to evaluate the profitability and relevance of the idea.

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