About Entrepreneurs

Author: M.K.

So, you've looked at thousands of internet web-sites, promising you high profits with little investment. Everything, from bogus work at home opportunities to secret eBay wholesale supplier lists, that supposedly give you access to exclusive suppliers that eBay powersellers use. However, still no tangible results that lead to truly sustainable and self-sufficient business. The bottom line is that there is no such thing as easy money. No matter what type of business you run, you have to work and dedicate your time and efforts to grow and develop your business. Still some people think that quick cash does exsit, and indeed it does but only for those internet or telephone scammers who deceive people and steal their money. Everyday scams become more sophisticated and trustworthy, however they all have a common trend: if it sounds too good, it probably is. Form more information on scams and how to identify and avoid them, see our tutorial Avoiding Scam 101.
Import Source One is an educational resource that deals with small-business start up based upon importation of foreign products (electronics, decor items, furniture, etc.). Today our topic is Import from China. China is one of the most fast growing economies of the world, with good investment opportunities. Chinese product have established dominant presence in many countries of the world. And all familiar label "Made in China" can be seen everywhere and is hard to ignore. Some people might say that chinese products might have poor quality and if you are looking for top quality you should turn to the home market. Not exactly true. Yes, indeed, there are Chinese suppliers that focus on a short-term business and sacrifice quality for higher profit margins but, there are many that do not. More and more chinese factories focus on the long-term business relationship and implement effective quality control procedures and seek quality certifications recognized by Western world.
In today's article we will discuss what do you need to know before you import and how to import from China. We assume you have a supplier in China. If you don't, please read Finding a good Chinese supplier. If you have not decided what are you going to sell, here are a few popular selling items from RFQs of major trade networks:
7" Portable DVD

MP3/Mp4 Players

Sony Memory Stick

SD, xD, CF card

Apple iPod

Sony PSP

Microsoft XBOX

LCD, HDTV, Plasma TV

and the list goes on...

O.K. So you have decided what are you going to sell and found a Chinese trade company or factory that will supply your product. You have also conducted your research, you have verified that the company is legally registered and is not listed anywhere as a scam. But what's next? How much should you order and how to get your order to your home or office? Most companies have high Minimum Order Quantities (M.O.Q), say a 100 or even 1000pcs. If each item costs 30$ it comes to 30,000$ for 1000 items. Ask yourself can you afford that? Do you have the necessary sales channels and strong marketing base to process this quantity and generate profit? Most people do not have that. That is why many comanies allow to order samples, 5-10pcs only! Samples are extremely important, not only they allow you to test the quality of the product but also run a test drive of how the product is going to sell in your local market or an auction web-site, eBay or Yahoo (it is highly recommended however to thoghroughly research the market before you make an order). Now you are ready to place an order, say for 10pcs, your supplier issues you a Proforma Invoice, which outlines the cost of the ordered goods, delivery method and all other applicable charges. So, how will you pay? The most common way is through bank wire transfer or T/T transfer. Many chinese suppliers also accept Letter of Credit (LC) but only for high quantity orders. If you want to pay with your credit card, most likely it is not going to happen as most of the chinese banks do not support this payment method or it is too expensive to process. Once your supplier receives your payment they will ship the goods to you by the method you have chosen, it could be either sea, land or air. You select your delivey method based on how urgently you need your goods, for the case of a sample order your supplier will probably use a courrier service like FedEx, DHL or EMS. We will discuss container (sea) and land (train, truck) in the our next tutorial.

For more information visit: http://importsource.co.nr/import.html