The Chinese economy has grown incredibly rapidly in the recent years. Due to this, demand for Chinese goods has surged globally.
China now has the largest wholesale market in the world and has emerged as a major producer. Thus, it provides a superb platform for individuals who purchase in bulk from China to make significant profit.
How can you directly buy bulk items from China? China imports are very much a money-dependent game! The contemporary digital era enables us to experience a wide range of services without leaving the house.
Why purchase in bulk from China?
The practise of purchasing things in bulk has various benefits. Most importantly, it lowers the cost per unit, which is a considerable benefit.
You almost save money on every good you buy when you buy it. Even though the difference would seem insignificant, if you frequently purchased the products, the money would mount up quickly.
Your products become even more affordable when you purchase bulk items from China. In addition, buying in bulk lets you keep the goods on hand. And as a result, you might not experience a supply shortfall.
Purchasing in bulk is more environmentally beneficial than making smaller purchases since it uses less packing. Additionally, purchasing in bulk makes it simpler to handle the goods.
How to buy wholesale from China
1. Understand your main role in the process
Anytime you acquire goods from other nations, like China, you are an importer. Simply provide the supplier with your address information, and they will take care of the rest. Most likely, the shipment will arrive by air or sea.
Smaller, lower-value products will be sent to your door. After that, you won’t need to go pick up your shipments at the local shipping facility.
2. Find good products
In addition to producing many high-quality goods, Chinese firms also produce many subpar goods.
There are many Chinese vendors who offer inexpensive, subpar goods. Avoid using these products, especially if you plan to sell them to your clients again.
Due to two significant distinctions between China and Western nations, you should be able to distinguish between good and terrible products.
- China has different standards of quality from the Western countries.
- China has different norms as far as intellectual property is concerned, and there are plenty of counterfeit products
- Only buy good quality products for reselling to your customers.
3. Check the import rules of your country
Make sure you have the legal right to import goods into your nation before making a purchase. Some nations impose import limitations on particular product categories.
One of these prohibited items might be returned to the shipper if you attempt to import it. The government might even impose a fine on you.
4. Find the classification number of your product
Each imported item will have a unique ten-digit tariff classification number. To determine the rate of duty, an import cost you need to pay, you require the tariff classification number and the Certificate of Origin. Additionally, the cost of the land must be calculated.
The Incoterms should be given special attention. Be careful to compute the landing cost prior to submitting your order to the provider.
By adding the product price, Chinese shipping fees, customs clearance fees, land transportation costs, and Duty & Tax prices, you may get the FOB (free on board) rate.
5. Locating the Chinese supplier
Finding a supplier who can complete your order is the next step if you already know which products you want to import in large quantities from China.
Make sure you comprehend their shipping policies, particularly those relating to delivery times.
When you have located a potential supplier, ask them for a Performa invoice. Another name for it is a quote sheet. You may find detailed information about your purchases in this documentation, including the weight, packaged dimensions, price, and description of each item.
6. Calculate the total shipping costs
International shipments come with a multitude of extra costs. In addition to the regular shipping rates, there are also charges for containers, brokers, packaging, and terminal handling.
To determine your expected delivery costs, add up the entire cost of all these fees.
Request the necessary documentation from your vendors before setting up your shipment. To clear customs, you will need to present these.
- A commercial invoice: The stated cost of your goods and products
- A detailed sheet: Explains the manufacturing process so that customs can calculate the tariff classification
- A packing list: Size, weight, quantity
- Bill of Lading: A contract between a shipper and a carrier that specifies the kind, quantity, and final destination of the goods being transported.
Ocean shipping is significantly more difficult, but it is definitely worthwhile. If you are importing a lot of goods, you can easily save 5 to 6 times more than if you shipped them by air.
The following are 6 ways to ship bulk items from China:
- Air express
- Air freight
- Regular post
- Ocean expedited freight
- Ocean freight
7. Track the Shipment
International shipments will take some time to arrive. If you order any goods from China and you live on the East Coast of the United States, you probably won’t receive the package for roughly 30 days. It will just take a few days if you live on the West Coast.
Save the shipping documentation, including the packing list, commercial invoice, and bill of lading. This material will help you comprehend the customs clearance procedure your shipment will experience once it reaches your nation.
When the shipment of bulk items from China arrives at the customs facility, request that your customs broker accept it. Your shipment should be ready for pickup once customs has processed it if the paperwork is accurate. Your package will be delivered to the address you first specified for smaller orders.
Chinese goods are widely available, demonstrating the global need for them. As a result, China has developed into a fantastic market for all goods. Purchasers from all over the world purchase bulk items from China, resell them on the local market, and profit greatly.