Top 10 Tips for Importers

Friday, October 10, 2008 18:40
Posted in category From the Factory Floor
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We have all seen just how risky sourcing from China can be should one not have the proper systems in place, and during my time in China I have been asked a lot about how to  import from China.

Sometimes the questions are coming from people who are just entering the sourcing space, and sometimes the questions come from people who just want to buy a couple hundred pieces of something as a hobby.

This 10 part series (each clip is around a minute) offers up some good advice.  It is the basics, but for those who are just looking at how to get started, this series is a good set of ten tips to follow. There are surely more, but for the purposes of this post I would say it has covered a good half of the questions I have been asked multiple times in the past.

Where I would say the biggest gap exists is that he does not fully address the need for importers to be very specific about the goods the need.  HAve specifications and samples available that you can send to potential suppliers for quote, and when there are goods such as metals and plastics that have different grades be very specific about the grade needed.

Part 1: Qualify your supplier

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=p4Qw6n00T0k[/youtube]

Part 2: Always Quality control your goods

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=JMa4RbPUHSM[/youtube]

Part 3: Buy Insurance

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=Nwbjsj6GH5U[/youtube]

Part 4: Pricing

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=JWWWOxAMC0w[/youtube]

Part 5: Buying Terms

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=jxN4LGzqri0[/youtube]

Part 6:  Shipping LCL (Note: He hard sells his service here, and you should know that there are many providers who will ship LCL)

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=XgGpfDvsKY8[/youtube]

Part 7: Don’t try to import what everyone else is

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=i9bQYAjOE1c[/youtube]

Part 8: Have a sales contract in place

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=E2Vu0WBsa4k[/youtube]

Part 9: Decide if you are a retailer, a wholesaler, or an importer (Warning: Another sales pitch here)

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=lZ9RQsWvZuY[/youtube]Part 10:

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