If you have are worried of rising production costs, then you will have to think of alternative ways of bringing them down. Rising production costs can have a huge impact on the price of your product and the competition. When you take the holistic view of the entire manufacturing process, you will find that sourcing manufactured goods from China is a more viable option. When you import from China to UK, you will find a substantial reduction in the costs, which can be translated to higher profits.
So, if you have made the decision of importing goods from China, you will have to keep a few key aspects in mind—right from quality to legal issues. Also, when you are importing goods from China, you should not be under the impression that credit cards and Pay pal will work for you—It is a sad thing that you still need to transfer money via T/T, L/C, or even W/U. The major benefit of credit cards is that the payment is instantaneous. On the other hand T/T would take you at least 5-7 days to transfer the money. However, on the cost front, you have to pay a mere £20 for the transaction. If you are going to pay the China supplier’s bank charges, then you will have to pay an additional amount—say £15.
At every step, you will have to think of saving money—even when you are deciding on the delivery type. Using the airways is too expensive and just out of the question. Shipping on the other hand is considered to be the cheapest—but there are rules and regulations. There are some basic principles of importing from China that are same for all countries such as China to UK, US, India, Canada, Nigeria and so on.
As you have a wide variety of choices in products from China, you will have to choose the best product that you can sell. For example, clothing from China is in high demand in the UK and other parts of the European Union. Once you have decided on the product that you want to import, the next step is to find a good supplier from China. Most importers in the UK would search the internet for the right China supplier, but there are some risks involved in this search. You will surely get some rotten apples when you look at a heap of apples in the farm. So, in the similar manner, you will have to make sure that you get the right supplier to supply you the goods.
Imports from China have some restrictions and there are many rules and regulations that you need to abide by. So, make sure that you first read all the rules and regulations that encompass the world of imports from China. If you are going solo for the first time, then you are surely getting into a very risky proposition. So, make sure that you have a good consultant or consultant company by your side to give you the best guidance. As the importing consultants know the rules and regulations right on their finger tips, you can count on them during times of difficulty.