Things to Watch For When Importing China-Produced Goods
For a businessman, China would seem to be the land of flowing milk and honey. This is because most of the goods that are manufactured in China can be imported to one's country at a low price. Because they are sold at inexpensive prices, you can sell them at a fairly low price in your country for a good profit.
What most businessmen fail to notice is that China has however to be Westernized and although it has made a name in manufacturing quality and cheap goods, there is still a part of the company globe in China that remains unchanged. Importing business regarding China-produced goods is a profitable venture but you should watch out for things that you rarely encounter when dealing with your regular nearby suppliers.
1. In China, networking and connections function magic. If you are a businessman and you are just beginning a China import business, it is advisable that you know someone from the area. If you scour the marketplace on your own, you will have difficulty dealing with Chinese suppliers. This is because the industry lives and breathes on connections. They won't entertain you unless you are accompanied by someone who has clout or is at the very least known and pretty trustworthy in the industry.
2. Because it remains a socialist method of government, the Chinese business business is infested with corrupt individuals. Bribery is a extremely notorious matter and while most Chinese businessmen would want it eradicated they would favor to keep mum about it because most of the time, politicians are the bigwigs behind this negative practice.
3. China is below the authoritarian communist system of government. This is the purpose why despite the Country's achievement in manufacturing high quality goods, it nonetheless is not a totally free-market economy. It is something that is various to infiltrate. Be cautious in dealing with the suppliers simply because some of these suppliers answer directly to a certain politician. You would not want to be caught up in that dirty mess.
4. Chinese suppliers favor to deal with nearby businessmen rather than foreign ones. If you want to be preferred over the local businessmen, take time to learn the culture and the language. This will assist you close a deal.
5. Regardless of the great quality of unbranded goods, China is also the melting pot of fake merchandise. Take note that there are no authentic signature designs that are manufactured in China. Be careful in choosing the products that you wish to import from China. Illegal imitation is a very rampant crime in the manufacturing business. Stick to unbranded products. This will surely sell in your country. Investing in fake products will not do you any good.
