China is rapidly becoming a production superpower, manufacturing a large part of the world’s consumer goods. For many enterprises, importing from China has proved to be a successful global procurement strategy. This is a great opportunity for you as a buyer and dealer.
However, this is not an easy thing, especially for novices. Getting started can be complex, confusing, and costly. Expected benefits often fail due to long transport times, rising or fluctuating delivery costs, regulatory fees, and unexpected delays.
Any type of bag is part of everyday life. They are widely used by people all over the world.
The most fashionable and affordable bags are becoming more and more popular. If you want to open a bag business, it may be too advantageous to import from China.
In recent years, China’s trade market has developed to an incredible height. China now firmly controls world trade commodities.
In addition, China has the largest variety of manufacturers of luggage and other products, and the prices are the most reasonable.
Here, this ultimate guide will teach you how to import bags from China in the cheapest way.
1. Classify Your Goods and Calculate the Landed Cost
It is important to obtain the cost of landing as soon as possible; No one wants to lose customers (because the estimated cost is too high) or benefits (because the estimated cost is too low). If it is higher than your expectation, you can try to find ways to reduce the cost elements. If it fits your budget, you can continue and start the process.
You may not know the exact cost of something until your goods arrive. In these cases, you need to estimate costs as accurately as possible. Get an estimate from the supplier you work with and look at the cost of previous shipments to see how much you need to pay.
It is completely normal that the unexpected expenses that may occur in the transportation process sometimes cause your total landed cost to fluctuate. Although you should determine costs as much in advance as possible. Then, once you have the actual final costs, check them against the estimates you used.
2. We suggest not do
A. Always looking for the lowest price
If you encounter an offer that is much cheaper than other offers, please raise the red flag. You know, there is no lowest price in China, only lower and lower prices. The lowest price is always accompanied by high risk, which may be quality, quantity, or reputation.
Just find a reliable supplier and grow with them in a healthy way.
B. Failure to clarify product details
If you are not very clear about the specifications required by the supplier, you are likely to receive something you do not want. Unclear means that the factory will make decisions for you based on cost savings.
Make sure you carefully check the materials and manufacturing process of each quotation so that you can have confidence in the products you purchased.
Ensure that your supplier has fully confirmed each specification of your target product, including packaging. Sometimes, samples need to be sent for a recheck.
C. Show distrust of your supplier
International trade is based on mutual trust. If you do not trust your suppliers, no one in the factory will take care of your production, and no one will sincerely help you in case of trouble.
3. How to negotiate with Chinese package suppliers?
Negotiation is also one of the most challenging and critical to your business. Negotiations should:
A. Make sure you know the delivery time of the shipment.
B. Ensure that the selected products are of good quality.
C. Do not provide prices that you know are insufficient to meet the supplier’s profit margin.
D. Know what you want to order.
4. What is the cheapest way to import from China?
There are many ways to import goods from China, such as air, sea, and railway freight. Each method has some advantages and disadvantages.
However, shipping is the cheapest way to import wholesale bags from China, even if they charge extra fees. If your shipment is large enough, it’s really cost-effective for you.
However, there are many costs related to the transportation of goods, including container fees, packaging fees, dock handling fees, and commissions. Each of these factors should be taken into account in order to fully understand transportation costs.
Once you are satisfied with the freight quotation, the shipping company needs you to send them the contact information of the supplier. They will keep close contact with you and our suppliers to ensure the fast and safe transportation of your goods.
Don’t be afraid to make mistakes. By making mistakes, you learn how to overcome them and make more money the next time. Learn from others and learn from yourself!
This is the ultimate guide to importing bags from China in the cheapest way. I wish you great success in international trade. If we can help you in any way, please feel free to let us know.