The Reliable Way for Product Sourcing to Import from China
Posted Jan 01 2013 1:30pm
China’s economy is emerging as a super power and a front runner in terms of the world economy. Its contribution in the growth of the economy of the world is undeniable and slowly it is becoming the preferred location for many countries for outsourcing their work, which may cost more in their respective countries. When it comes for quality, Chinese products are at par with any other products of their counterparts but are again cheap. This is because of the relaxation of taxes on the finished goods, produced in their country. So, product sourcing from China would be a viable way for you to cut costs in producing them.
Ways of Product Sourcing
For your product sourcing requirements, you can rely on consultants who have direct contacts with manufacturing units in China. These consultants act on behalf of you for sourcing exactly the type of goods you want. Starting from sample collection, price negotiation till shipment of the finished goods, they work for you. Generally, these consultants work for startups and SME’s, as they regularly get them as their repeat clients. Big companies and corporations also rely on them for cost cutting purpose through product sourcing.
Things to be kept In Mind for Product Sourcing
The market may be flooded with consultants, claiming as product sourcing agents from China. But, before believing them and zeroing on a consultant, you should thoroughly check the background and credentials of the consultant. You may contact with companies who source products on regular basis through these agents. They can only give you the clear picture about them. You can also contact trade bodies and associations for further clarification on the particular consultant.
Sourcing Imports from China
As Chinese products are cheaper than same quality products of other countries, companies tend to import from China as far as goods for their requirements are concerned. This not only saves time and money, but also frees the company from establishing big factories for producing the goods and investing millions on purchasing land and facilities.
Companies also do not have to invest for procuring the machinery for producing such goods. It also saves on labor costs, as human resources are not required to be engaged for production. So, if you import from China, it is a profitable venture, as the product imported can be sold on the price in which other products of same quality and specifications are sold.