Importing from China with Lindy Chen
Importing Channel Videos:
- Introduction: How to Import from China
- What Product Should I Import?
- Products to Avoid when Importing?
- China Opportunities in The Current Economic Climate?
- How Much Should I Order From China?
- How do I know if it’s Feasible for me to Import from China?
- What Specs do I Give Potential Chinese Suppliers?
- What does it Cost to Import from China?
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Introduction: How to Import from China
This series of videos was created to give you a head start in importing from China. In this series, you will find the breakdown of the ChinaDirect Importing Process – a well-planned system for importing from China that has evolved over many years, utilising and combining the best practices from both the East and the West.
This program aims to increase your knowledge and awareness of the procedures and processes that are involved when importing from China — assisting you in minimising the risks involved and creating a structure where your goods arrive both on time, and to the correct standard.
What Product Should I Import?
Almost anyone can make huge profits being an importer if you follow the right steps in the correct order. I’ve seen plenty of people do it in my 15 years in International Trade in China and Australia. In fact, in the last three years alone, I’ve helped over 1000 businesses to import; from work-from-home mums, to publicly listed companies.
I’ll outline the steps to take before importing, in what order to take them and pitfalls to avoid, to get you on your way to making massive profits! We do it successfully every week for our clients, and with guidance, you can too. At the very least, this advice could save you thousands of dollars and months of your time.
Our philosophy is to take baby steps and take actions that minimise risk.
Products to Avoid when Importing?
I’ll give you the heads up about a product category to think twice about, particularly if you’re new to importing. Just keep in mind this is my personal opinion, and some people succeed importing this category.
The category is consumer electrical goods, like AirPods, DVD players, Mac Books GPS’s, video games and flat-screen TVs. It’s a kind of sexy category, and therefore many people explore it, but here are my reasons against it.
These items are – Watch My Video to Find out…
China Opportunities in The Current Economic Climate
You have heard all about it – The U.S economy is on the brink of a meltdown and the chances are the Australia economy is not going to walk away unscathed. You are probably concerned about how this will affect your business – and rightly so.
It has been a challenge enough to keep costs down with fluctuating petrol prices and inflation. You may have already felt the brunt of reduced consumer spending as people begin to tighten up their spending in fear of grim economic times ahead. However, fear not; there are proactive steps that you can take to ‘recession-proof your business’. You can access a veritable ‘goldmine’ of tips and strategies to make the next few years the best few years your business has ever had.
The Secret to Thriving in Tough Economic Times? Watch the Video…
How Much Should I Order From China?
Many people at this stage say, “I don’t know how many I want because I don’t know how many I’ll sell”, or, “I just want a few to test the market”.
Knowing the quantity is important because you have to tell the supplier for them to give you a quote! The amount will determine how many factories will want to do business with you. Specify too many units, and some factories won’t quote because it’s beyond their capacity. Specify too few units, and factories won’t quote because it’s not feasible for them to produce your item.
You want to attract at least six quotes for your product to help determine a fair market price to pay, as prices vary greatly in China.
You’ll need to forecast – See Video…
How do I know if it’s feasible for me to import from China?
In this video, you’ll learn about determining whether it’s feasible for you to import from China.
After taking all costs of importing into account, we generally save our clients 30% to 50% on their current costs by importing from China.
What Specs do I Give Potential Chinese Suppliers?
Do not assume the supplier knows anything about your product, even if he is the number one supplier in the world!
Remember to include the specifications for packaging too, if applicable.
If there’s one thing you take out from this video, make it ‘specify the bleeding obvious’.
For a starting point and guide for your specifications, you can download our Specifications Form template.
What Does it Cost to Import from China?
In this video, you’ll learn about some of the possible costs associated with importing from China.
There are many variables involved, so use the following video as a guide.