In the past four years, we have received many new customers from all over the world who import handbags from China. Many of them don’t know how to import handbags from China, and they will encounter many difficulties and problems when purchasing handbags. This article helps those who want to buy wholesale handbags in China. It can also help those who want to start a handbag business.We list the points that importers are most... Read More | Share it now!
In recent years, the total sales of China’s jewelry industry has grown at an annual rate of more than 15%, with an annual growth rate of more than 20%. Jewelry, once a luxury item, has become a must-have accessory for everyone. As a result, many fast fashion retailers are taking advantage of the demand for fashion jewellery. Selling jewellery can be a lucrative business, and many importers are exploring the Chinese wholesale... Read More | Share it now!
Recently, with the increasing popularity of the US Internet, the opportunities for importers have also increased. Many Americans are engaged in trading business in opening companies. Most of them are in Guangzhou, Shenzhen, Foshan and Yiwu. However, not everyone knows the most common questions about the import process. Various products require different quality requirements and certifications. The import process requires various certificates, and Chinese suppliers require different... Read More | Share it now!
Global sourcing occurs when companies go beyond their home borders for sources of goods and services. It might be a shoe company having its product manufactured in Asia, or a telemarketer whose salespeople make their calls from New Delhi, India. Reduced costs of labor and materials represent the obvious benefit for companies who use the practice. Here’s a five-point strategy for making your first global sourcing foray successful. Source to a Country With Low Labor Costs and Good... Read More | Share it now!
How do you approach a manufacturer in another country to let you import it to yours? Priority No. 1 is to select a product that is successful in its present domestic operation and has the look and feel of export potential (meaning everybody, everywhere —already loves it and is likely to continue doing so even in the United States). Priority No. 2 is to go to market with what you are familiar with. Priority No. 3 is to view the potential of the product in front of you through the eyes... Read More | Share it now!
To find suppliers of the product you want to import, you'll need to consult some specialized online resources. These four are a good start: Alibaba, Global Sources, ThomasNet, and Kompass. If you contact the U.S. Embassy in the country you are interested in importing from, they might be able to help as well. When you travel internationally, provided you set aside time to do a little shopping, you can always stumble upon a product you like and find out who the manufacturer is (look on the... Read More | Share it now!
What gives you the most fulfillment as a businessperson? Is it creating value by meeting consumer demands? Is it the challenge of spotting a trend, positioning yourself to take advantage of it, and striking it rich? Or is it the chance to spend your time dealing with a commodity you love? You have two viable reasons for choosing a product to import: Because you know it will sell. Because you like it. Let’s consider both alternatives. Select a Product That Sells Start with a... Read More | Share it now!
Got a new product idea that will wow the world? What are you waiting for? Your first step when developing and pricing a new product for overseas should be to check if there is a similar product already on the market and what it is priced at. If there is a similar product, see how your idea can be differentiated and use the competing product’s price point as a starting point for yours. Here’s what it takes to bring a product to market and price it fairly. Let me first paint the... Read More | Share it now!
Now that you have analyzed your business requirements and completed your vendor search, you are ready to start the meat-and-potatoes of the vendor selection process. A well-written Request for Proposal (RFP) or Request for Quotation (RFQ) is the key for selecting the best vendor at the best value for your company. Writing a RFP or RFQ is not difficult if you understand the objectives and function of the document. Decide: Request for Proposal or Request for Quotation Request for Proposal... Read More | Share it now!
The vendor selection process can be a very complicated and emotional undertaking if you don't know how to approach it from the very start. Here are five steps to help you select the right vendor for your business. This guide will show you how to analyze your business requirements, search for prospective vendors, lead the team in selecting the winning vendor and provide you with insight on contract negotiations and avoid negotiation mistakes. Analyze the Business Requirements Before you... Read More | Share it now!